Greg Brockman seizes full control of OpenAI's products and enterprise teams after Fidji Simo's departure, now facing intense pressure to defend the company's $852 billion valuation, reverse ChatGPT's declining market share, and deliver a successful IPO amid fierce competition from Anthropic, Google, and xAI.
OpenAI is restructuring its safety leadership, with Johannes Heidecke departing and safety teams now reporting directly to new VP Mia Glaese, as the company pushes to embed safety work earlier and deeper into its frontier AI development process.
Tencent is in talks to become the largest external shareholder in agentic AI startup Manus at a $2 billion valuation, moving aggressively into the AI race after Chinese regulators blocked Meta's acquisition of the company.
Meta pulls its new AI image feature from Instagram after users erupt in outrage over a default opt-in setting that allowed anyone to generate AI images of real people using public accounts, with no consent, no notifications, and no way to delete the results.
A new Verasight survey finds 69% of Americans support forcing AI giants to hand over 50% of their stock to a public wealth fund, as Senator Bernie Sanders pushes the American AI Sovereign Wealth Fund Act amid warnings that AI could displace over 15 million U.S. workers.
Anthropic extends Claude Fable 5 access and boosts Claude Code rate limits by 50% through July 19 for all paid subscribers, as the company battles OpenAI competition following Fable 5's rocky launch, which saw a 19-day U.S. government suspension before access was restored July 1.
OpenAI's new GPT-5.6 model is now powering Microsoft 365 Copilot, bringing cutting-edge AI capabilities to Word, Excel, and PowerPoint, enabling users to draft documents, analyze data, and build presentations faster and more efficiently than ever before.
Chinese AI startup MiniMax Group is raising up to $2 billion through share sales and convertible bonds in Hong Kong, as the company sells 35.6 million shares at a 9.9% discount, sending its stock down nearly 9.8%, while simultaneously offering HK$6.5 billion in zero-coupon convertible bonds due 2027.
OpenAI faces serious sanctions after allegedly lying for two years about its ability to search ChatGPT logs in a major copyright lawsuit, with a re-deposed privacy engineer revealing the company had already conducted searches of 78 million conversations before litigation began, directly contradicting its claims that such searches were technically …
AI training startup Mercor is in talks to raise funding at a $20 billion valuation after doubling revenue to a $2 billion annualized run rate in just four months, while acquiring AI agent training company Deeptune — signaling a strong rebound after a turbulent early 2026 marked by a data …