BREAKINGOpenAI closes $40B round at $340B valuation — largest private tech raise ever·MODELSAnthropic ships Claude Opus 4 with extended thinking and agentic capabilities·FUNDINGxAI raises $6B Series C led by Andreessen Horowitz for Grok infrastructure·REGULATIONEU AI Act enters full enforcement — high-risk systems must comply now·AGENTSGoogle DeepMind open-sources Gemini Agent Framework for autonomous task completion·RESEARCHStanford HAI: Enterprise AI adoption hits 78% globally, GenAI in production at 45%·WARNINGUS Senate passes AI Transparency Act — content labeling required at scale·PRODUCTMeta releases Llama 4 Maverick open-weight model rivaling proprietary alternatives·MODELSDeepSeek V3 scores within 2% of GPT-4o on MMLU at 1/10th the inference cost·FUNDINGMistral AI raises €600M Series B at €6B valuation for European AI sovereignty·BREAKINGOpenAI closes $40B round at $340B valuation — largest private tech raise ever·MODELSAnthropic ships Claude Opus 4 with extended thinking and agentic capabilities·FUNDINGxAI raises $6B Series C led by Andreessen Horowitz for Grok infrastructure·REGULATIONEU AI Act enters full enforcement — high-risk systems must comply now·AGENTSGoogle DeepMind open-sources Gemini Agent Framework for autonomous task completion·RESEARCHStanford HAI: Enterprise AI adoption hits 78% globally, GenAI in production at 45%·WARNINGUS Senate passes AI Transparency Act — content labeling required at scale·PRODUCTMeta releases Llama 4 Maverick open-weight model rivaling proprietary alternatives·MODELSDeepSeek V3 scores within 2% of GPT-4o on MMLU at 1/10th the inference cost·FUNDINGMistral AI raises €600M Series B at €6B valuation for European AI sovereignty·

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Three things in AI to watch, according to a Nobel-winning economist

May 11, 2026Google DeepMind

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This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. A few months before he was awarded the Nobel Prize in economics in 2024, Daron Acemoglu published a paper that earned him few fans in Silicon Valley. Contrary to

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