xAI is pivoting from AI lab to compute landlord, striking massive GPU-leasing deals worth over $2 billion monthly with Anthropic and Google, while its own Grok model falls behind competitors as the company's unmatched datacenter construction speed becomes its most valuable asset.
Perplexity CEO Aravind Srinivas confirms a firm 2028 IPO target as the AI industry braces for a wave of major public listings, with Anthropic valued near $1 trillion and OpenAI also filing confidentially, while enterprise AI spending shifts toward cost-efficient models.
OpenAI launches the Economic Research Exchange to study AI's impact on workers and the economy, but the move comes under scrutiny as both OpenAI and Anthropic have quietly filed for IPOs, sparking serious questions about whether profit-driven shareholder pressures will ultimately override their proclaimed commitments to the public good.
OpenAI confidentially files an S-1 with the SEC, valued at over $850 billion, potentially setting the stage for one of the largest IPOs in history, with Goldman Sachs and Morgan Stanley leading the charge amid a historic wave of AI company public market debuts.
Anthropic files confidential IPO paperwork with the SEC, eyeing a staggering $1 trillion valuation that could make it one of the largest public offerings in history, following a $65 billion funding round that already crowns it the world's most valuable startup.
Moonshot AI is seeking up to $2 billion in fresh funding at a $30 billion valuation, marking a staggering 50% jump from its previous round and reflecting a massive surge in investor appetite for Chinese AI startups.
OpenAI confidentially files a draft S-1 IPO registration with the SEC, publicly announcing the move preemptively to get ahead of expected leaks, though no timeline for a potential public offering has been set.
OpenAI is rolling out a major ChatGPT redesign in the coming weeks, integrating coding tools, image generation, and partner apps like Canva and Booking.com to attract enterprise users and boost revenue ahead of a potential IPO as early as September 2026.
OpenAI and Thrive Holdings have deployed a self-improving Tax AI that automates 1040 and 1041 tax return preparation, cutting document prep time by a third and achieving 97% accuracy through a three-part feedback loop that drove correct field completion from 25% to 90% of returns.
Apollo Global Management and Blackstone seal a landmark $35 billion financing deal to expand Anthropic's AI infrastructure, funding Google's custom AI chips in one of the largest financing arrangements in the artificial intelligence race.