AI Funding Tracker: Intel's $20B Raise Leads a Busy Week

This week's AI funding tracker covers 24 funding and investment stories, with the largest single raise coming from [Intel's $20 billion stock offering](https://bytevyte.com/intel-20-billion-stock-offering-prices-at-95-after-orders-top-100b/), priced at $95 a share for roughly $19.7 billion in proceeds. [OpenAI's employee tender](https://bytevyte.com/openai-employee-tender-offer-closes-at-7-billion/) closed at $7 billion with an $852 billion valuation, and [Unitree's IPO](https://bytevyte.com/unitree-ipo-draws-5-526x-retail-demand-in-shanghais-first-humanoid-robot-listing/), Shanghai's first humanoid robot listing, drew 5,526x retail demand at a $9 billion valuation.

AI funding tracker: public-market money leads

Intel priced its offering after orders topped $100 billion, funding the foundry build-out despite dilution worries. [Moonshot AI](https://bytevyte.com/moonshot-ai-pre-ipo-round-targets-50b-hong-kong-ipo/) targets a $50 billion pre-IPO round ahead of a year-end Hong Kong listing, with retail access through Gate's KIMI subscription.

OpenAI's tender was funded from company cash while IPO timing stays open, a stance tested by [the departure of COO Brad Lightcap](https://bytevyte.com/brad-lightcap-openai-departure-coo-exits-ahead-of-ipo/), the ninth senior exit since April. The financials frame the standoff: [Q1 cash burn of $3.7 billion](https://bytevyte.com/openai-q1-2026-cash-burn-hits-3-7b-against-5-7b-revenue-as-the-115b-spending-path-sets-its-ipo-terms/) against $5.7 billion in revenue, a spending path reaching $115 billion by 2029, and a [revenue run rate past $40 billion](https://bytevyte.com/openai-revenue-run-rate-crosses-40-billion-as-ipo-economics-shift/) after doubling in eight months. [Anthropic's $2 trillion IPO](https://bytevyte.com/can-anthropics-2-trillion-ipo-survive-its-own-risks/) carries its own open risks, from first profit to model costs running 2.5x.

Infrastructure money goes physical

[Nvidia's investment in Lancium](https://bytevyte.com/nvidia-lancium-investment-moves-the-ai-race-onto-the-grid/) puts up to $3 billion behind the power developer for Stargate's Texas AI campus, locking in GPU demand and testing ERCOT. [Hadrian's $1.37 billion Series D](https://bytevyte.com/hadrian-series-d-defense-ai-capital-goes-physical/) at a $7.87 billion valuation moves defense-AI capital into factory capacity, while [Firmus](https://bytevyte.com/firmus-ai-infrastructure-funding-reaches-10-5b-valuation/) doubled its valuation to $10.5 billion with Nvidia, Coatue, Blackstone and Jane Street backing AI factories across APAC. [Source Foundry's $500 million raise](https://bytevyte.com/source-foundry-investment-signals-the-ai-buildouts-real-bottleneck-chip-machines/), days after a near-collapse, points to chip-making equipment as the buildout's real bottleneck.

[Oracle](https://bytevyte.com/oracle-ai-infrastructure-layoffs-21-000-jobs-cut-and-counting/) shows the counterweight: 21,000 jobs cut and $129.5 billion in debt, with another round targeted before September 1.

Vertical AI re-rates

[Harvey](https://bytevyte.com/harvey-legal-ai-valuation-climbs-to-15-5b-as-500m-funding-talks-advance/) climbed to a $15.5 billion valuation in $500 million funding talks, on annualized revenue above $350 million from 1,300 customers in 60 countries. [Legora](https://bytevyte.com/legora-10b-valuation-legal-ai-startup-opens-talks-to-nearly-double-its-april-round/) is opening talks at a $10 billion target, nearly double April's $5.6 billion round. [Cognition's $40 billion valuation talks](https://bytevyte.com/cognition-40b-valuation-in-sight-as-coding-agent-market-re-rates/) signal a re-rating of the coding-agent market, and [Databricks' $190 billion valuation](https://bytevyte.com/databricks-190b-valuation-is-a-bet-on-enterprise-ai-agents/), set by a $5 billion Coatue-led round, prices enterprise AI agents at 27x revenue on a $7 billion run rate.

The concentration record frames the period: OpenAI and Anthropic raised $217 billion in H1 2026, taking half of all AI funding. [Anthropic's reported $6 billion Decart acquisition](https://bytevyte.com/anthropics-6b-decart-acquisition-signals-an-efficiency-first-strategy/) is an efficiency bet on cheaper compute, and [Canva's AI costs](https://bytevyte.com/canva-ai-costs-cut-a-third-from-its-2026-growth-forecast/) cut its 2026 growth forecast from 30% to 20% as AI usage tripled design volume.

Smaller checks still moved: [Noin Intelligence's $74 million round](https://bytevyte.com/glow-embodied-ai-model-gets-74m-boost-as-noin-intelligence-readies-knowin-x1-home-robot/) backs the GLOW embodied AI model and the KNOWIN-X1, a 40cm foldable home robot targeting 2027, while [Kevin Weil's AI science startup](https://bytevyte.com/kevin-weils-ai-science-startup-seeks-150m-round/) seeks $150 million at a $750 million-plus valuation with no product or name yet.

The next AI funding tracker period turns on [Erebor's $1.5 billion round](https://bytevyte.com/erebor-1-5b-funding-round-nears-close-at-8b-valuation/), nearing close at an $8 billion valuation with $4.6 billion in deposits, and on OpenAI's IPO timing as its pre-IPO economics settle.

Related Articles

• AI Venture Capital Concentration Hit a Record as Two Labs Took Half of AI's Funding
• AI Business Funding Tracker: A $50B OpenAI Stake and Robot IPOs Top the Week
• AI Business Roundup: Money, Robots and the Regulation Squeeze

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Researched and cross-referenced against primary sources by the Bytevyte editorial team. This article was generated with the assistance of artificial intelligence and reviewed by the Bytevyte editorial team.