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The Latest Breaking News from OpenAI

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

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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

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

AAP

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.

Tom’s Hardware

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.

The Economic Times

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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.

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.

Fortune

AAP Rolling News Bulletin June 13, 1630

AAP Rolling News Bulletin for June 13 at 1630

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The Economic Times

OpenAI under investigation by group of state attorneys general

A group of US state attorneys general has started a wide-ranging probe into OpenAI. The ChatGPT maker received a subpoena seeking documents on its operations and user impact. This investigation includes data handling, minors, seniors, and internal policies. OpenAI faces increasing legal scrutiny as it prepares for an IPO. The…

AAP

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Fortune

AI shopping agents are coming. No one is ready for them

Lack of standards around fraud prevention, security, and returns hamper growth of AI agents, experts said at the Fortune Brainstorm Tech conference.

AAP

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