Runway co-CEO Anastasis Germanidis says the startup's annual recurring revenue hit $200M in September; source: it expects ARR to cross $350M by the end of 2026 (Rachel Metz/Bloomberg)

Runway’s co-CEO Anastasis Germanidis reported that the company’s annual recurring revenue reached $200 million in September and is projected to exceed $350 million by the end of 2026. Mistral AI secured a €3 billion Series D led by Samsung, valuing the startup at roughly €21 billion as it expands from AI model development into its own data-center operations. Qualcomm announced a multi-generation custom silicon partnership with Amazon Web Services to power AWS’s AI inference infrastructure.