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The Latest Breaking News from OpenAI

The €3trn question: Can markets handle SpaceX, OpenAI and Anthropic all at once?

Three of the most valuable companies ever created are going public within months of each other. The combined value of SpaceX, OpenAI and Anthropic could reach $4 trillion (€3.44trn). Wall Street is excited but also nervous.

Euronews

Saving Siri: After two years of stumbles, is Apple's AI moment here?

Siri debuted in 2011 and is accessible through the bulk of Apple's installed base of 2.5 billion devices, but hundreds of millions of consumers have been chatting with apps from OpenAI and Anthropic instead. In China and elsewhere, consumers are turning to AI agents - bots that can carry out…

The Economic Times

SpaceX's IPO will also be a massive selling event triggering big price dislocations across the stock market as investors dump shares to buy SPCX

“Selling flows in recent winners and levered products from retail to invest in SpaceX could be very large.”

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

SpaceX IPO: Elon Musk's AI ambitions fueling space data centers & trillionaire dreams

SpaceX's upcoming IPO, fueled by immense investor demand, could propel Elon Musk to trillionaire status. Beyond its space ambitions, the company's prospectus reveals plans for space-based data centers, hinting at Musk's strategy to fund his AI endeavors. This move addresses the escalating costs and logistical challenges of terrestrial AI infrastructure.

The Economic Times

Washington, Brussels stake their claims on AI as trillion-dollar IPO wave begins

With SpaceX set to become the first AI-era giant to go public on Friday June 12, governments on both sides of the Atlantic are racing to define their relationship with the industry. Washington is in talks with OpenAI about a government equity stake, while Brussels has unveiled a new tech…

France 24

OpenAI’s Sam Altman says his highly disciplined daily routine has ‘fallen to crap’—and now unwinds on weekends at a ranch with no cell phone service

The new father is working out how to balance business and the “significantly underhyped” experience of raising a child.

Fortune

OpenAI rolls out Lockdown Mode for users handling sensitive information

OpenAI has launched Lockdown Mode to combat prompt injection attacks, a security feature designed for users handling sensitive data. This mode restricts live web browsing and image retrieval from the internet, aiming to prevent data exfiltration by limiting outbound network requests. It is available to eligible personal and business accounts.

The Economic Times

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Trump: U.S. stake in AI giants "could be a beautiful thing"

"There's something very interesting about it, where it almost becomes a partnership with the American public."

Axios

"The pitchforks are here": Billionaires work to contain AI's populist revolt

Tech titans are keenly aware that the politics of extreme wealth could turn dangerous fast.

Axios

Anthropic overtakes OpenAI as the most valuable AI startup

Anthropic has raised $65 billion, valuing the AI lab at $965 billion.

Axios

Exclusive: Office workers embrace OpenAI's Codex

The ChatGPT-maker hopes its coding agent will simplify office work.

Axios

Anthropic faces AI spending backlash before IPO

Anthropic prepares to go public just as businesses rethink their AI spend.

Axios

‘A driver of political violence’: how the breakneck AI boom is fueling anti-tech extremism

Backlash against AI is taking an extremist turn, following in the footsteps of earlier techno-pessimist militants

The Guardian - US

This realtor is betting big on the AI IPO boom, but buying a house with stock will have to go through the OpenAI and Anthropic's boards first

In a tight housing market, some Bay Area homesellers believe exchanging their houses for stock will benefit asset-rich tech workers. But those transactions are subject to board approval.

Fortune

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Fortune

The short seller’s argument nobody on the coming mega IPO roadshow wants you to make

OpenAI, Anthropic, and SpaceX are pricing in a global AI economy that doesn't exist yet — and their durable money is in São Paulo and Addis Ababa.

TechRadar

‘We crossed that about 3 months ago': A16z's Marc Andreessen drops huge bombshell about AGI on Joe Rogan's podcast

Marc Andreessen says the latest frontier models have realized AGI – tech leaders believe the boundaries are shifting.

The Economic Times

SpaceX and other mega IPOs may wait years to join the S&P 500

SpaceX and other mega IPO candidates may have to wait years before joining the S&P 500 after S&P Dow Jones Indices retained its profitability requirement for index inclusion. Despite their massive valuations, companies such as SpaceX, OpenAI and Anthropic must demonstrate sustained profits before becoming eligible for the benchmark.

Fortune

When good money goes bad: the question SpaceX and OpenAI investors aren’t asking

As OpenAI and Anthropic race to go public at $1 trillion valuations, a foundational business theory warns that money impatient for growth is dangerous.

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AAP

Donald Trump, Bernie Sanders and Sam Altman are all talking about public ownership in AI

OpenAI CEO Sam Altman has met with Sen. Bernie Sanders to discuss public ownership in AI companies — a meeting that highlighted the tension between AI powerhouses and policymakers

The Economic Times

Apollo wraps up $35 billion debt to buy AI chips for Anthropic

The package, one of the biggest private credit transactions in history, highlights the race by top-tier financiers to fund data center construction and the chips they use. Tech companies are tapping every corner of the credit markets to meet AI’s unprecedented capital demands, forcing Wall Street to engineer novel debt…

Axios

Florida sues OpenAI and CEO Sam Altman over ChatGPT

It's part a string of lawsuits the state has filed against Big Tech companies.

Fortune

MAGA hates AI, but Trump agrees with Bernie it might be time for partial government ownership

"You make them a partnership in this revolution," Trump told reporters Friday. "It would be a beautiful thing."

TechRadar

Quote of the day by former Apple design chief Jony Ive: "When something exceeds your ability to understand how it works it sort of becomes magical" — wisdom on the power of simplicity

The man responsible for designing some of the most elegant devices in the world believed in how amazing technology needn't be complex

International Business Times

Trump Admin Reportedly Discussing Government Stake In OpenAI

The Trump administration is discussing a government stake in OpenAI, according to a new report.

AAP

Anthropic urges AI pause, sees risk of losing control

Anthropic says artificial intelligence could soon improve without human intervention and wants to co-ordinate a way to pause development of advanced AI systems.

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