Sources: Dallas-based Disruptive is targeting up to $10B for a late-stage fund, and has secured $7.5B; founded in 2012, it has backed Groq and Reflection AI (Kate Clark/Wall Street Journal)

Kate Clark / Wall Street Journal : Sources: Dallas-based Disruptive is targeting up to $10B for a late-stage fund, and has secured $7.5B; founded in 2012, it has backed Groq and Reflection AI, Winning bets on hot AI startups are propelling a little-known Dallas firm into a small group of firms raising gigantic funds.