News linked to both this project and an event.
According to research, J.P. Morgan's report dated October 8, 2026 states that the Software Index ETF (IGV) has gained 21% since late June, infrastructure software is up 78% year-to-date, average revenue for infrastructure software beat estimates by 3.6% last quarter, and application software beat estimates by 1.4%. J.P. Morgan concludes that infrastructure software strength is driven by earnings upgrades, while application software strength comes from valuation re-rating. The bank recommends Microsoft, ServiceNow, Cloudflare, and Snowflake; expects Microsoft Copilot new seat additions to reach or exceed approximately 10 million, matching last quarter; notes ServiceNow's current remaining performance obligations exceeded expectations by roughly 200 basis points; downgrades HubSpot to Neutral with a lowered target price from $268 to $240; and raises Twilio's target price from $260 to $335.
OpenRouter, an AI model aggregation platform founded by OpenSea co-founder Alex Atallah, has announced the completion of a $113 million Series B funding round, led by CapitalG, the growth fund under Alphabet, Google's parent company.Other participants in this funding round include a16z, Menlo Ventures, NVentures (affiliated with NVIDIA), as well as ServiceNow, MongoDB, Snowflake, and Databricks. The company's valuation has now exceeded $1 billion.