Anduril is said to be raising a new round of funding that may push its valuation up to about $100 billion, per Reuters.

The company said it is reducing its headcount by 20%, or about 630 staff, to "support a leaner, more focused operating model" as it focuses on its AI Work Platform.

Applied Computing has raised a $20M Series A to build a foundation AI model for the oil, gas and petrochemical industry.