This week in COSS: Nous Research, the startup behind the OSS Hermes agent, is in talks to raise mew funding at a $1.5 billion valuation. Meanwhile, Anaconda has acquired Kilo Code, expanding its open-source AI development platform. DeepSeek continues to dominate headlines, with a reported new valuation of around $52 billion and separate reports that the company is in talks to raise $1.5 billion ahead of a potential 2027 IPO.
On the news and announcements front, Thinking Machines Lab released Inkling, its first open-weight model; Fenris Creations (formerly CCP) open sourced Carbon Engine, the technology powering its popular EVE Online MMORPG; Mozilla published its inaugural "State of Open Source AI" report; Chatto, a group and team chat application, became open source and available for self-hosting; and DeepSeek's 75% price cut on its V4-Pro model is prompting enterprise AI vendors to grapple with persistent margin challenges.
We also feature the following companies in Cossmology: Autobase, Chatto, Cosmic Stack, dbtrail, DearSQL, Fenris Creations, Mozilla Corporation, Pixeltable, SereneDB, and Thinking Machines Lab.
COSS Headlines
DeepSeek cut prices 75%. The 100x problem remains
Companies mentioned: DeepSeek
OSS News & Views · VentureBeat
Chatto is now Open Source!
Companies mentioned: Chatto
Announcement · Hendrik Mans Blog
Hermes agent maker Nous Research in talks for new funding at $1.5B valuation
Companies mentioned: Nous Research
Funding · TechCrunch
AI on Your Own Terms: Anaconda Acquires Kilo Code
Companies mentioned: Anaconda, Kilo Code
Announcement · Anaconda Blog
EVE Online studio Fenris follows through on yearslong promise to make its in-house game engine fully open source
Companies mentioned: Fenris Creations
Announcement · PC Gamer
Inkling: Our open-weights model
Companies mentioned: Thinking Machines Lab
Announcement · Thinking Machines Blog
Thinking Machines amps up its bet against one-size-fits-all AI with its first open model, Inkling
Companies mentioned: Thinking Machines Lab
Announcement · TechCrunch
Chinese filing implies DeepSeek valuation of around $52 billion
Companies mentioned: DeepSeek
OSS News & Views · Reuters
DeepSeek reportedly in talks to raise $1.5B, then IPO
Companies mentioned: DeepSeek
OSS News & Views · TechCrunch
Mozilla’s Inaugural ‘State of Open Source AI’ Report Is Here
Companies mentioned: Mozilla Corporation
Announcement · Mozilla News
Featured COSS Companies
Chatto
Self-hostable team and group chat application.
SereneDB
Real-time search analytics database
Cosmic Stack
Research & product lab for AI agents
Thinking Machines Lab
AI research lab building customizable LLMs
DearSQL
Native C++ SQL client for all major databases
Fenris Creations
Open-source game engine and MMO developer
Mozilla Corporation
Maker of Firefox open-source web browser
Pixeltable
Declarative AI data infrastructure platform
Autobase
Self-hosted DBaaS platform for PostgreSQL
dbtrail
Time-travel & recovery for MySQL/Postgres
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