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Firmus Pulls Its IPO, Isomorphic Labs Eyes $40bn-Plus and StepFun’s Step 5 Goes Live

AI October 9, 2026

Three AI business items from 8–9 October 2026: Nvidia-backed Firmus withdraws its ASX listing and turns to private money; Bloomberg reports Isomorphic Labs is in early funding talks at a valuation of at least $40 billion; and StepFun's Step 5 Preview model is now listed on OpenRouter and Vercel's AI Gateway. What is confirmed, and what is only reported.

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Firmus Pulls Its IPO, Isomorphic Labs Eyes $40bn-Plus and StepFun’s Step 5 Goes Live

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OpenRouter

Firmus Pulls Its IPO, Isomorphic Labs Eyes $40bn-Plus and StepFun’s Step 5 Goes Live

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Washington Suspends Microsoft, Adobe and Six IT Firms From the PERM Green-Card Process

New York Secures “Up to $35 Million” and a Permanent Ban From Ex-Celsius CEO Alex Mashinsky, but Both Sums Are Conditional

Firmus Pulls Its IPO, Isomorphic Labs Eyes $40bn-Plus and StepFun’s Step 5 Goes Live

Type One Energy Raises $200 Million for Stellarator Fusion, but Groundbreaking Slips to 2027

Watching AI Agents From the Inside, and Rewiring the AI Data Centre