AI in Brief — Tuesday, 18 August 2026

Anthropic, the AI model maker, has seen its annualized revenue surge to $65 billion, adding $18 billion in annualized revenue in two months. Source

Groq, a former AI chipmaker, has raised $350 million at a $3.5 billion valuation as it pivots away from chip design to a neocloud business and expands its Nvidia-powered data center footprint. Source

Nvidia is investing $1.5 billion in a SoftBank data center developer behind an OpenAI project, guaranteeing that Nvidia chips will power the resulting data center. Source

Relay, an AI automation startup, has shut down with its staff joining Google's Chrome team. Jacob Bank, Relay's founder and chief executive, said the team has "ambitious plans to help you work with AI in Chrome to get things done." Source

Nvidia will back an Ohio data center with as much as $105 billion in support, according to the New York Times. The data center, which could cost as much as $500 billion, will be leased by OpenAI and rank among the world's largest. Source

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