Eridu's oversubscribed round is a reminder that model scaling depends on interconnect innovation, not just better GPUs.

Sandbar's note-taking ring raise suggests category winners may be single-purpose devices with strong software loops, not all-in-one wearables.

OpenAI's giant private round, with strategic infrastructure terms, reinforces that frontier-model leadership is now capex and partnership intensive.

Mesh Optical is targeting transceiver supply and efficiency constraints that quietly shape AI data center economics.

Anthropic's jump to a reported $380B valuation reflects investor belief that enterprise AI revenue concentration will intensify.

Entire's record dev-tool seed round reflects demand for systems that preserve context and governance around AI-generated code.