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SpaceX trading to kick off after record IPO, with hopes for first-day surge
SpaceX begins trading on Nasdaq after a record $75 billion IPO, marking the largest U.S. debut and valuing the company at $1.77 trillion.
OpenAI expects to go public ‘within the next year,’ the Information reports
OpenAI expects to go public within the next year after confidentially filing for a U.S. IPO, targeting a valuation up to $1 trillion.
OpenAI files for US IPO after Anthropic as AI giants head to public markets
OpenAI confidentially filed for a U.S. IPO targeting up to a $1 trillion valuation amid growing competition from Anthropic and SpaceX in the AI sector.
Anthropic urges AI labs to pause development, warns humans risk losing control
Anthropic calls for a coordinated pause in AI development to manage risks of recursive self-improvement and loss of human control.
OpenAI’s Altman says AI unlikely to lead to ‘jobs apocalypse’
OpenAI CEO Sam Altman says rapid AI adoption has not caused a jobs apocalypse and highlights the irreplaceable human part of employment.
OpenAI aiming for speedy IPO, source says, as market awaits SpaceX filing
OpenAI is preparing to confidentially file for a U.S. IPO soon, aiming for a September debut as competition and SpaceX's filing loom.
Elon Musk loses lawsuit against OpenAI
Elon Musk lost his lawsuit against OpenAI in a California federal court, with the jury ruling the case was brought too late and OpenAI not liable.
Pentagon reaches agreements with top AI companies, but not Anthropic
The Pentagon has reached agreements with seven AI companies, excluding Anthropic, to deploy advanced capabilities on its classified networks.
Oil prices rise with eyes on Iran, UAE; AI concerns weigh on stocks
Oil prices rose amid the Iran conflict stalemate and the UAE quitting OPEC, while AI concerns weighed on U.S. and global stock markets.
OpenAI falls short of revenue and user targets as it races toward IPO, WSJ reports
OpenAI has fallen short of its revenue and user growth targets, raising concerns about funding its data-center costs as it prepares for an IPO.
OpenAI breaks off Microsoft exclusivity to free up path for Amazon, Google deals
OpenAI will no longer grant Microsoft exclusive access to its AI models, enabling partnerships with Amazon and Google cloud platforms.
SoftBank secures $40B loan to boost OpenAI investments
SoftBank secures a $40 billion bridge loan to enhance investments in OpenAI and advance its artificial intelligence strategy.
