Modal raises $750M, states sue OpenAI & more

Tech & AI Brief · Oct 15, 2026 · 6m

Modal has secured $750M in new funding at a $15.75B valuation as demand for AI infrastructure continues to surge. Meanwhile, eight state attorneys general have sued OpenAI over alleged consumer protection and safety failures. In enterprise security, OpenAI and Block launched a joint initiative to automate software vulnerability remediation. Full edition: https://tech.pibrief.com/editions/2026-10-15