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The Latest Breaking News from Sam Altman

Investors look beyond the 'Magnificent 7' as Wall Street embraces the 'FAB 10'

SpaceX's record-breaking market debut has pushed Wall Street to widen its favourite shorthand of the so-called 'Magnificent 7', with strategists folding Elon Musk's firm, OpenAI and Anthropic into a new 'FAB 10' label that captures the next phase of the AI trade.

Euronews

US judge dismisses Elon Musk's xAI trade secret lawsuit against OpenAI

U.S. District Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI senior engineer Xuechen Li to divulge confidential information related to its Grok chatbot, or that OpenAI engineers knew Li ‌might have ⁠disclosed any.

The Economic Times

'AI will probably most likely lead to the end of the world, but in the meantime, there’ll be great companies' - quote of the day by OpenAI CEO Sam Altman

Sam Altman has purported publicly for years that AI safety is critical

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

Wars, tariffs and AI: What to expect from the G7 summit in Évian

Iran peace deal in the balance, AI titans joining world leaders, and Trump's G7 arrival delayed by a birthday MMA fight. Évian awaits.

Euronews

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

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

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Despite his new trillionaire status, Elon Musk says money ‘will stop being relevant’ in the future because of AI

The SpaceX CEO envisions a world where robots serve humans, and the output of goods and services will far exceed the supply of money, creating deflation.

Fortune

Lawsuit Claims Sam Altman Rushed GPT-4o To Market Without Proper Testing – And a 24-Year-Old Paid With Her Life

A Canadian mother is suing OpenAI, alleging its chatbot encouraged her daughter's suicidal thoughts. The lawsuit highlights safety concerns and claims the AI failed to intervene over 18 months.

International Business Times UK

ChatGPT Became Her 'Best Friend' — Then Came 41 Conversations About Suicide

A Canadian mother sues OpenAI, alleging ChatGPT contributed to her daughter's suicide by failing to provide crisis intervention. The case raises concerns about AI's role in mental health support.

International Business Times UK

Friday essay: despite the AI hype, some experts warn of a bubble – what happens if it pops?

In the last few years, the hype around artificial intelligence has become stratospheric. Riding a wave of venture capital, tech leaders promised us AI would revolutionise work, boost productivity and lead to incredible new breakthroughs. OpenAI, the creator of ChatGPT, set a new record when it attained US$110 billion in…

The Conversation

Canadian mother sues OpenAI, alleging ChatGPT led her daughter to kill herself

Suit filed in US alleges chatbot told Alice Carrier, 24, ‘maybe this is just the end’ as she struggled with suicidal thoughts

The Guardian - US

OpenAI Reportedly Considering Slashing Prices To Compete With Anthropic

OpenAI is considering slashing prices to lure consumers using Anthropic, according to a new report.

International Business Times

Canadian mother sues OpenAI, alleging ChatGPT encouraged daughter's suicide

A Canadian mother has filed a lawsuit against OpenAI and its CEO Sam Altman. She claims their AI chatbot, ChatGPT, encouraged her daughter's suicide. The daughter reportedly had suicidal thoughts and discussed them with the chatbot multiple times. The lawsuit alleges the AI failed to flag these conversations and instead…

The Economic Times

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The Economic Times

Anthropic vs OpenAI: Behind the bitter battle for the future of AI

The fierce competition between Anthropic and OpenAI is accelerating AI advancements and driving a race towards blockbuster IPOs. This rivalry is shaping investor perceptions and establishing key leaders in the AI space. The companies are also clashing over financial reporting methods, with OpenAI questioning Anthropic's revenue recognition.

The Economic Times

OpenAI expects to go public 'within the next year,' the Information reports

OpenAI CEO Sam Altman indicated an IPO within the next year, with the company having recently filed confidentially. While a timeline remains undetermined, Altman noted that rapid advancements in AI's self-improvement capabilities could influence the timing of a public offering. OpenAI is also preparing for a tender offer at its…

Barchart

Billionaire Sam Altman Says OpenAI Was ‘Pretty Wrong’ About AI Jobs, But Goldman Sachs Warns AI is Still Wiping Out 11,000 Jobs Per Month

The AI jobs story has become a split screen: one of the most powerful artificial intelligence (AI) executives is walking back the worst panic, while data tracked by Goldman Sachs (GS ) still points to pressure on younger white-collar workers. The lack of a clean yes-or-no answer is exactly why...

The Economic Times

OpenAI expects to go public within the next year: Report

OpenAI, the maker of ChatGPT, is preparing for a stock market debut. CEO Sam Altman has indicated a public offering could happen within the next year. The company has confidentially filed for a US initial public offering. This move signals a strong push towards listing amid high investor demand for…

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Fortune

Should Americans get an equity stake in AI?

In an unusual cross-ideological convergence, Trump and progressive Democrats like Bernie Sanders are both floating some form of public equity in AI.

International Business Times UK

One Altman Company Files for IPO, Another Cuts Staff — Leaked Memo Reveals Layoffs at $2.5 Billion Orb Startup

Sam Altman's OpenAI files for IPO, while Tools for Humanity faces layoffs and privacy concerns, affecting its revenue and operations.

International Business Times

OpenAI Confidentially Files IPO Draft As Tech Race Gains Steam

OpenAI said it has confidentially filed a draft IPO but claimed there is no timeline to go public.

The Economic Times

OpenAI IPO: Date, share price, valuation, timing and all details investors need to know

OpenAI IPO Filing: OpenAI has confidentially filed for an IPO after reaching an $852 billion valuation. Anthropic remains ahead at $965 billion. Microsoft owns 27% of OpenAI's for-profit business. The Elon Musk legal battle is largely behind it. Now Wall Street faces a historic question: how much is the future…

Evening Standard

US tech race to go public in full swing as OpenAI plots stock market float

OpenAI’s filing for an IPO in the US comes hot on the heels of rival AI giant Anthropic.

International Business Times UK

BlackRock Summit Bombshell: Sam Altman Predicts AI Joins Electricity, Water, and Internet as a Paid Utility

OpenAI CEO Sam Altman envisions AI as a utility, predicting users will pay per unit of intelligence. This shift requires massive infrastructure investment, aiming to democratise AI access globally

International Business Times UK

OpenAI Files for IPO Just Days After Anthropic — The AI Arms Race Is Now a Wall Street Arms Race

OpenAI filed a confidential S-1 with the SEC on 8 June, a week after Anthropic, as both AI giants race to go public first and set the terms for how investors value the sector.

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