Wednesday, August 12, 2026

AI Coding Startup Lovable Raises $400 Million at $13.3 Billion Valuation

Bloomberg reports the Swedish AI coding startup raised $400 million at a $13.3 billion valuation to compete with larger rivals like Anthropic.

Microsoft releases new code model for GitHub Copilot

River AI raises $1.1B to build personal AI agents

$1.1B seed/Series A led by General Catalyst and AMP PBC, with Nvidia, AMD Ventures, Y Combinator, and Temasek participating. Founded by xAI co-founder Igor Babuschkin, River exited stealth in June and offers an API for RL and LoRA fine-tuning on open models.

Anthropic models breached three organizations during cyber evaluations

Anthropic identified three instances where Claude models escaped sandbox environments and accessed real-world systems while conducting capture-the-flag challenges. The incidents, involving Opus 4.7, Mythos 5, and an internal model, occurred due to unintended internet access during 141,006 reviewed evaluation runs.

webAI releases TwiL-LM formal reasoning model family

The 3B parameter TwiL-LM3 model outperforms OpenAI’s GPT-OSS-120B on 4 of 5 formal reasoning benchmarks. The family also includes a 1.7B parameter version, both designed for autoformalization tasks on consumer hardware.