If OpenAI could just monetize all the ink that gets spilled on the company, perhaps it could justify raising such a crazy amount of money this week.

And get this: The $6.6 billion round, at a (gulp) $157 billion valuation, the biggest VC round ever, won’t even be enough to relieve CEO Sam Altman from having to go out and raise more next year to fund all those Nvidia chips and breakneck rate of new product development. Did someone say IPO? But we’ve seen this kind of frenzy many times before, and it often doesn’t end well.

Speaking of IPOs, Nvidia rival Cerebras just filed for one. Macro issues may be a bigger determinant than one hot chipmaker, but struggling VCs are sure hoping Cerebras kicks off a much-needed IPO cycle.

Meantime, plenty of picks-and-shovels AI companies — er, platforms — are already cashing in and spinning their own grand visions. VAST Data, for instance, aims to be the data operating system for AI.

That’s not all. Nvidia and Accenture see a lot of potential in the emergence of agentic AI, and so do others you may not have heard of. And though generative AI coding assistants aren’t new at this point, they’re still red-hot, as Poolside raises $500M for its own assistants.

AI safety remains a political hot potato as Gavin Newsom shoots down one bill, but that won’t be the end of it. The only question is whether any governmental oversight can keep pace with how fast AI is moving. TL;DR: No.

Ads are coming to Google’s AI Overviews. You knew this was coming, but it’s significant and a corrective to the assumption that generative AI will kill Google Search and Google’s lucrative search ads.

Events theCUBE will be covering next week include Teradata Possible in Los Angeles and Cloudera Evolve in New York, and I’ll be covering AMD’s Advancing AI event in San Francisco, where CEO Lisa Su will no doubt have some new silicon to talk about.

Catch today’s weekly theCUBE Pod with John Furrier and Dave Vellante, already up on YouTube, to hear more about this — especially their excellent analysis of the dynamics of OpenAI versus other AI leaders such as Google — and other news. And don’t miss Vellante’s weekly deep dive, Breaking Analysis, coming this weekend.

Here’s the past week’s enterprise and related tech news from SiliconANGLE and beyond:

AI and data: Did OpenAI’s massive funding just signal peak AI bubble?

Headline news and analysis

OpenAI closes record $6.6B funding round at $157B valuation

Cisco nears investment in CoreWeave at $23B valuation (per Bloomberg)

California Gov. Gavin Newsom shoots down divisive AI safety bill SB 1047

Breaking Analysis: From LLMs to SLMs to SAMs, how agents are redefining AI

Living in the feed: Trust and AI drive strategic shifts for advertisers and content creators

AWS, Nvidia and others back new AI-enabled cancer research initiative

Coverage from Vast Data Cosmos:

Vast Cosmos: Powering AI and data innovation in real time

Vast Data announces InsightEngine, Cosmos community for faster AI adoption

With InsightEngine, Vast Data aims to be the data operating system for AI

And some interesting interviews and analysis from our Media Week NYC: theCUBE + NYSE Wired 2024 event, mostly on AI of course:

Causal AI: The next evolution in machine learning

Glean’s AI-driven enterprise search aims to ease enterprise woes

AI trends shaping the future: The role of data engineering and scalable platforms in industry transformation

Unlocking a multimodal future: How computer vision is revolutionizing data analytics and decision-making

New models and services

Microsoft enhances Copilot and Bing with new generative AI features

Kyndryl launches new consulting services for customers struggling with Copilot for Microsoft 365

OpenAI introduces new multimodal processing, AI fine-tuning tools at DevDay

OpenAI releases new ChatGPT tool for editing text and code

Nvidia and Accenture partner to foster development of AI agents

Google’s lightweight Gemini 1.5 Flash-8B hits general availability

Google brings ads to its AI Overviews, Lens search tools

Google Cloud beefs up database services for generative AI workloads

Meta advances generative AI video creation with Movie Gen

Liquid AI debuts new LFM-based models that seem to outperform most traditional large language models

Mostly AI aims to overcome the AI training plateau with synthetic text based on proprietary datasets

Google brings new AI features to ChromeOS and announces two new Chromebook models

Dataiku launches LLM Guard Services to enhance generative AI deployment at scale

Credo AI debuts Integrations Hub for embedded responsible AI

Sonar now inspects AI-generated code for glitches

Anaconda brings the power of large language models to laptops

Moveworks rolls out automation platform for building AI agents

More money matters

SoftBank expected to invest $500M in OpenAI as Apple exits funding round

Poolside raises $500M to take on GitHub and others with its AI coding assistants

Audio AI startup ElevenLabs may get a new round that could value it at $3B (per TechCrunch)

Eon raises $127M to simplify access to cloud data backups

Oracle to invest $6.5B+ in AI and cloud computing in Malaysia

Microsoft to invest $4.8 billion on AI, cloud infrastructure in Italy (per the Wall Street Journal)

Crescendo raises $50M for its AI-powered customer service platform

DataPelago raises $47M to optimize hardware for analytical workloads

Qodo raises $40M to advance AI-driven code integrity solutions

Resolve AI launched its AI tools for automating software operations as it announced a hefty $35M seed round from Greylock and Unusual Ventures.

Numa raises $32M to develop AI tools for car dealerships

Snowflake, Databricks back $20M round for AI data management startup Voyage AI

Harmonic Security raises $17.5M to protect sensitive data from leaking during AI use

There’s more AI and big data news on SiliconANGLE

Around the enterprise: Will Cerebras kick off AI IPOs?

Nvidia rival Cerebras Systems files to go public

VC market experiences broad decline in Q3 as deal volumes drop across US, Europe and Asia

Coverage from Anyscale Ray Summit:

The AI revolution unfolds: Outlining AI infrastructure scaling and complexity challenges

Uber’s journey to hybrid cloud AI with Anyscale Ray and Kubernetes

AI-driven filmmaking: How Runway is transforming visual storytelling and creativity with Gen-3 Alpha

Three insights you might have missed from Ray Summit

In other news

DigitalOcean launches Nvidia H100 GPU-powered virtual machines for small developer teams

Intel and Google Cloud launch Confidential Computing Instances powered by 4th Gen Xeon processors

Submer raises $55.5M to scale sustainable immersion cooling for AI and data center servers

OpenStack releases 2024.2 Dalmatian with AI and security enhancements

SolarWinds launches next-generation observability platform with enhanced hybrid IT capabilities

ServiceTitan expands AI-powered solutions for contractors with new sales and contact center tools

The top five AI lessons learned from IBM’s presence at SaaStr 2024

We have more news on cloud, infrastructure and apps

Cyber beat: The hammer comes down on Russian cyber attackers

Attack & response

Justice Department and Microsoft target Russian phishing campaigns with domain seizures

AUKUS nations impose sanctions on Russian cybercrime group Evil Corp

Elastic report highlights growing cyber risks from AI-driven phishing and deepfakes

New services

Exabeam unveils first product updates and new service following LogRhythm merger

Akamai enhances API security with new native connector for Connected Cloud

Intel and Google Cloud launch confidential computing instances powered by 4th Gen Xeon processors

AuthenticID’s new image comparison tool helps to stop fraudsters bypassing visual ID checks

Darktrace expands AI detection to Azure for faster, agentless deployment

Safe Security launches Safe X to help CISOs prioritize cyber risks with AI

Metomic unveils AI-powered data classification solution for Google Workspaces

Red Sift introduces Radar to help security teams address email and domain exposures

Silverfort’s new incident response solution prioritizes identity security for faster attack containment

Money matters

Dragos acquires Network Perception to enhance operational technology network visibility

Cloud security firm Apono raises $15.5M to expand AI-powered access management

More cybersecurity news here

Elsewhere in tech: Social media crackdown

EU’s top court rules against Meta in data privacy case

Epic Games sues Google, Samsung over ‘Auto Block’ mobile cybersecurity feature

Texas AG sues TikTok over breach of new child safety law

Autonomous warehouse robotics platform company Dexory raises $80M

3Laws nabs $4.1M in seed funding to make autonomous robots safer to operate

Five takeaways from New York Climate Week and the Global Citizen Festival

And check out more news on emerging tech, blockchain and crypto and policy

Comings and goings

Anthropic hired OpenAI co-founder Durk Kingma (per TechCrunch)

Zscaler hired Adam Geller, formerly with Exabeam and Palo Alto Networks, as chief product officer.

Language AI firm DeepL appointed former Uber, Salesforce and Personio exec Sebastian Enderlein chief technology officer and former Adobe and Motorola exec Steve Rotter chief marketing officer.

JP Vasseur, formerly a 25-year engineering veteran at Cisco Systems, has joined Nvidia as senior distinguished engineer and chief architect of AI and networking.

Surabhi Gupta, most recently SVP and head of engineering at Robinhood, is Klaviyo’s new CTO.

Tim Brooks, co-lead for development on OpenAI’s video generator Sora, is joining Google’s DeepMind (per TechCrunch)

What’s next

Oct. 7-10: Teradata Possible, Los Angeles: TheCUBE will be there on Oct. 8 with interviews and analysis.

Oct. 9-10: Cloudera Evolve24, New York City: TheCUBE will be there on Oct. 9 with interviews and analysis.

Oct. 10: Advanced Micro Devices’ Advancing AI, San Francisco. SiliconANGLE will be there with all the news.

Image: SiliconANGLE/Ideogram