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The Latest Breaking News from OpenAI

Top analyst: 71% of SpaceX’s $2 trillion value rests on AI. Grok’s numbers are ‘almost comical’ by comparison

Keith Snyder at CFRA can’t justify SpaceX’s $2 trillion post-IPO market cap without assuming growth that current Grok adoption data doesn’t support.

Fortune

New Mexico is in a historic drought. Oracle and OpenAI designed their newest data center with that in mind

New Mexico lost 209,000 acres of forest to drought and insects last year. Now a data center may pull millions of gallons of water from the same area.

Fortune

If You’re Looking for the ‘Next Big Thing’ Before the OpenAI and Anthropic IPOs, Try This Barchart Stock Screener

Sometimes boring stocks can be the most exciting.

Barchart

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Oracle's Q4 Double Beat Shouldn't Have Sent Shares Down By 10%. What Spooked Investors?

A $40 billion capital raise is the culprit behind the post-earnings ORCL stock drop.

Barchart

How vibe coding can help boost your business

The term was first coined by OpenAI co-founder Andrej Karpathy

The Independent UK

The SpaceX IPO marks a lopsided win for venture

SpaceX shares closed on its first day of trading up 19%, sending the company's valuation above $2 trillion in a genuinely historic IPO. What happens next will be telling.

Fortune

Google just undercut OpenAI with a $4.99 Gemini plan — here’s what’s included

Google’s cheapest AI plan is now cheaper than ChatGPT’s — here’s what you get for your $4.99

TechRadar

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Multiple US states subpoena OpenAI over ChatGPT user safety amid IPO push

A coalition of US state chief legal officers issued OpenAI a sweeping subpoena over the safety of people using ChatGPT, landing just as the company moves towards its initial public offering.

Euronews

Anthropic block marks US reversal, warning to Silicon Valley

America has taken a significant step by blocking foreign access to Anthropic's top AI models. This move follows concerns about bypassing security features in their latest AI. Officials are now discussing these security issues with Anthropic. This action highlights the US government's increasing focus on controlling advanced AI technology for…

The Economic Times

OpenAI hit with sweeping probe from massive coalition of 42 US state attorneys general just days after reported IPO filing — subpoena targets ChatGPT maker’s ads, data practices, handling of minors, model sycophancy, and safety policies

State attorneys general have opened a broad investigation into OpenAI, subpoenaing documents on ads, user retention, data handling, minors, health data, model behavior, and safety policies.

Tom’s Hardware

The hottest debate on Wall Street right now: Does the flood of mega-IPOs and new shares signal a downturn ahead? That depends

"The reason is that companies tend to issue when equity demand is strong, earnings momentum is healthy and investor risk appetite is elevated."

Fortune

'Some creative jobs maybe will go away, but maybe they shouldn't have been there in the first place' - quote of the day by ex-OpenAI CTO Mira Murati

OpenAI is at the heart of the biggest technological transformations in human history – and one that threatens to eliminate many jobs in the creative industries

TechRadar

Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker

SpaceX's massive $2 trillion IPO has challenged the 'Magnificent Seven' moniker, as its valuation now surpasses Tesla and Meta. With other tech giants like OpenAI and Anthropic poised for public debuts, market strategists are scrambling for new labels. While some propose 'MANGOS' or 'Magna Atoms', others believe the 'Magnificent Seven'…

The Economic Times

You may want to ignore SpaceX but your 401(k) won’t

SpaceX is now worth $2.1 trillion after its stock launched 19.2% higher in its debut on Wall Street

The Independent UK

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AAP

You can ignore AI giants like SpaceX, but your 401(k) won't

Think you can ignore all the hubbub around SpaceX, Elon Musk and IPOs

Tom’s Hardware

AI costs spike as subscriptions hit pricing wall — firms turn towards Chinese LLMs, open-source models to extend budget

Companies look for cheaper alternatives as token costs for frontier AI models skyrocket, potentially impacting OpenAI and Anthropic's bottom lines. Subscriptions also take a bite out of these startup's profitability, as utilization rates higher than 5.7% could lead to losses.

The Economic Times

SpaceX IPO: Biggest Initial Public Offering in U. S history draws new grouping name at Wall Street. Check latest social media offerings

SpaceX IPO has set off a race to devise the next cool acronym. These groupings are not formal market categories, but shorthand labels coined by strategists.

Fortune

Melinda French Gates has some advice for new IPO billionaires

SpaceX, OpenAI, and Anthropic IPOs are about to mint a new generation of millionaires and billionaires—who will have to decide what to do with their money.

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news in one place.

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Fortune

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

Rather than letting that pressure paralyze him, Aravind Srinivas, the cofounder and CEO of Perplexity, uses it as fuel.

AAP

AAP Rolling News Bulletin June 13, 1630

AAP Rolling News Bulletin for June 13 at 1630

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AAP Rolling News Bulletin June 13, 1600

AAP Rolling News Bulletin for June 13 at 1600

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AAP Rolling News Bulletin June 13, 1530

AAP Rolling News Bulletin for June 13 at 1530

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AAP Rolling News Bulletin June 13, 1500

AAP Rolling News Bulletin for June 13 at 1500

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AAP Rolling News Bulletin June 13, 1430

AAP Rolling News Bulletin for June 13 at 1430

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AAP Rolling News Bulletin for June 13 at 1400

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