>$41B raised today (OpenAI @ 300b, Cursor @ 9.5b, Etched @ 1.5b)

**OpenAI** is preparing to release a highly capable open language model, their first since GPT-2, with a focus on reasoning and community feedback, as shared by **@kevinweil** and **@sama**. **DeepSeek V3 0324** has achieved the #5 spot on the Arena leaderboard, becoming the top open model with an MIT license and cost advantages. **Gemini 2.5 Pro** is noted for outperforming models like **Claude 3.7 Sonnet** in coding tasks, with upcoming pricing and improvements expected soon. New startups like **Sophont** are building open multimodal foundation models for healthcare. Significant fundraises include **Cursor** closing $625M at a $9.6B valuation and **Etched** raising $85M at $1.5B. Innovations in AI infrastructure include **SkyPilot's** cost-efficient cloud provisioning and the launch of **AgentEvals**, an open-source package for evaluating AI agents. Discussions on smartphone privacy highlight **iPhone's** stronger user defense compared to Android.