Generative AI Startup Abridge Completes $150 Million Series C Funding


Mitsubishi UFJ Financial Group (MUFG) announced that it has fully deployed ChatGPT Enterprise for its approximately 35,000 employees, embarking on a deep transformation toward an 'AI-native' company. Since partnering with OpenAI in October 2024, the group has been committed to using generative AI to reshape financial services, enhance retail customer experiences, and expand human thinking and creativity. This move marks its official entry into a new business phase driven by AI.
Hong Kong stock concept stocks related to large models rose strongly on May 29th, with Zhipu's stock rising more than 17% during the day leading the way, followed by MINIMAX-W with a rise of more than 6%. Analysts believe this upward trend reflects the attention and confidence of capital in the AI field.
Anthropic announced that its annual revenue has exceeded 47 billion dollars, demonstrating the huge potential of generative AI in commercialization. Since the Series B funding round in February, the flagship model Claude has seen a major breakthrough in the enterprise market, driving rapid growth in performance and highlighting the intensifying competition in the AI industry.
Artificial intelligence programming startup Cognition completed a funding round exceeding $1 billion on May 27, 2026, with a pre-money valuation of $25 billion, led by Lux Capital and General Catalyst. Compared to its valuation of $10.2 billion during its $400 million funding in September 2025, its value has more than doubled. Its core product is autonomous AI software engineering.
Spotify has reached a milestone strategic licensing agreement with Universal Music Group, allowing Premium users to legally use generative AI technology to cover songs, marking the official regulation of AI music creation by streaming platforms and establishing new rules for the fan ecosystem.