Latest AI News Cycle for Wednesday, February 11, 2026

• Mistral invests €1.2B in massive Swedish AI infrastructure project: Mistral AI is expanding its physical footprint outside of France with a significant €1.2 billion investment in a Swedish data center. This move strengthens Europe's sovereign AI infrastructure and significantly increases the compute power available for Mistral's future large-scale model training.
• ByteDance develops in-house AI chips with Samsung manufacturing partnership: TikTok owner ByteDance is reportedly developing its own AI inference chips to reduce reliance on expensive NVIDIA hardware. By partnering with Samsung for manufacturing, the company aims to produce over 100,000 units by 2026, marking a major shift in the global AI hardware supply chain.
• China’s Zhipu unveils new AI model to challenge DeepSeek dominance: Zhipu AI has launched a new model designed to compete directly with the high-performing DeepSeek framework. This development intensifies the internal competition within China's AI sector and signals a rapid acceleration in non-US model capabilities that could disrupt global benchmarks.
• OpenAI launches official platform for managing enterprise AI agents: OpenAI has introduced a new platform specifically designed to help businesses manage and deploy AI agents at scale. This move signals OpenAI's transition from providing simple chatbots to offering complex workflow automation tools, directly competing with enterprise software incumbents.
• UK startup Olix raises $220M for secretive AI chip development: London-based startup Olix has secured $220 million in funding at a valuation exceeding $1 billion. Led by a 25-year-old founder, the company is working on highly specialized AI hardware, representing a significant new European challenger in the global semiconductor race.
• Mistral revenue surges past $400M with billion-dollar target by 2026: Mistral's CEO reported that the company's annualized revenue run rate has grown from $20 million to over $400 million in just one year. This explosive growth validates the demand for European-based AI alternatives and establishes Mistral as a financially viable heavyweight in the industry.
• Blackstone increases stake in Anthropic to roughly $1 billion: Investment giant Blackstone has significantly boosted its position in Anthropic, bringing its total stake to approximately $1 billion. This massive infusion of capital from a traditional financial powerhouse highlights the continued institutional confidence in Anthropic’s safety-first approach to LLM development.
• AI video startup Runway hits $5.3 billion valuation in funding: Runway has reached a new valuation of $5.3 billion following a successful funding round. As a leader in generative video, this valuation reflects the massive commercial interest in AI-driven media production and Runway's technical lead in the rapidly evolving video generation market.