Issue #147 β’ October 9, 2026
Hi Seedradar Squad! The gloves are off on the balance sheets. DeepSeek just stacked $12 billion from Tencent and battery giant CATL to keep torching API margins across the globe, right as leaked financials reveal OpenAI tracking roughly $20 billion short of the moonshot projections pitched to investors.
At the same time, the line between private tech empires and sovereign power just dissolved completely. Between tech heavyweights routing billions directly to the White House for federal compute and Google locking down dedicated nuclear plants to keep its server racks breathing, nobody is pretending this is just software anymore. The board belongs to whoever controls the state alliances, the physical reactors, and the raw wattage feeding the machine.

π° DeepSeek Pulls $12B from Tencent and CATL
DeepSeek secured a massive $12 billion funding round led by Tencent and battery giant CATL to scale its open-weights frontier models.
The capital gives the Hangzhou-based lab the sheer compute power and energy backing required to aggressively undercut Western competitors and sustain its ongoing price war in the API market.
ποΈ Trump Unveils $2.4B in Tech Pledges for Federal Research
Donald Trump announced a $2.4 billion commitment from major technology firms, including a $1 billion pledge from Nvidia, to fund federal AI and science research.
The coordinated private investment bypasses traditional congressional budget cycles, creating a direct pipeline between the White House and leading tech giants to accelerate the development of national computing infrastructure.
π° Snapshots: What Else Is Happening?
β’ Oratomic raised $775 million to accelerate the deployment of utility-scale quantum computing infrastructure. Read more
β’ Google signed a massive energy procurement deal with Constellation to secure dedicated nuclear power for its expanding fleet of AI data centers. Read more
β’ Stord landed a $400 million credit facility backed by major banks including Citi and Morgan Stanley to expand its physical intelligence network. Read more
β’ OpenAI's actual revenue run rate is tracking roughly $20 billion short of the aggressive projections shown to recent investors, according to Internal financial leaks. Read more
β’ Atomic Machines raised $250 million to advance its matter compiler, a system that builds complex micro-machines directly from digital code. Read more
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Disclosure: Seedradar Ventures and/or its general partner may hold investments in some of the companies mentioned in this newsletter. This content is provided for informational purposes only and should not be considered investment advice.


