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