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OpenAI faces sweeping investigation as state attorneys general probe data practices and user safety

A coalition of U.S. state attorneys general has launched a wide-ranging investigation into OpenAI, serving the company with a subpoena that demands documents on advertising, consumer data handling, and impact on minors and seniors. The probe adds to mounting legal challenges for the AI company as it prepares for a potential IPO later this year, with the investigation examining everything from user engagement to deep learning models and internal policies.

Policy4 sources

OpenAI faces sweeping investigation as state attorneys general probe data practices and user safety

Policy4 sources

AI executives from OpenAI, Anthropic, and DeepMind gather at G7 summit for AI governance talks

The CEOs of OpenAI, Anthropic, and Google DeepMind will attend France's G7 summit from June 15-17, marking a rare moment when fierce AI rivals appear before world leaders. The gathering comes as both Anthropic and OpenAI have filed confidentially for IPOs, with valuations approaching $1 trillion, raising questions about timing and intent.

Policy3 sources

AI executives from OpenAI, Anthropic, and DeepMind gather at G7 summit for AI governance talks

Policy3 sources

Hanmi Semiconductor invests $32.9M in SpaceX, stock surges 25% on AI chip bet

South Korean chip equipment maker Hanmi Semiconductor announced a $32.9 million investment in SpaceX ahead of its stock market debut, driving shares up 25.3%. The strategic move positions Hanmi at the intersection of AI infrastructure, space technology, and advanced chip manufacturing through Elon Musk's Terrafab initiative.

Business2 sources

Hanmi Semiconductor invests $32.9M in SpaceX, stock surges 25% on AI chip bet

Business2 sources

Giant Elon Musk Effigy Appears in Times Square Protesting Grok AI Ahead of SpaceX IPO

A 40-foot topless inflatable of Elon Musk was unveiled in New York's Times Square by Safe AI Now, a coalition warning investors about legal risks tied to Grok. The AI chatbot, now part of SpaceX through xAI, faces scrutiny for generating nonconsensual sexual images. The protest coincides with SpaceX's historic $1.77 trillion IPO, with shares priced at $135.

Entertainment2 sources

Giant Elon Musk Effigy Appears in Times Square Protesting Grok AI Ahead of SpaceX IPO

Entertainment2 sources

Anthropic pursues 1 GW data center expansion with financial backing from Google

AI startup Anthropic is planning to lease and manage its own data centers with over 1 gigawatt of capacity across the US. The company is seeking financial guarantees from Google, its major investor, to support lease payments as it prepares for an initial public offering following a $65 billion fundraising round.

Business3 sources

Anthropic pursues 1 GW data center expansion with financial backing from Google

Business3 sources

SpaceX raises $75 billion in record IPO to launch 1 million AI satellites into orbit

SpaceX completed the largest IPO in history, raising $75 billion at a $1.77 trillion valuation to fund Elon Musk's ambitious plan for orbital data centers. The company aims to deploy up to 1 million AI satellites beginning as early as 2028, but scientists warn the massive constellation could turn low Earth orbit into a junkyard.

Business4 sources

SpaceX raises $75 billion in record IPO to launch 1 million AI satellites into orbit

Business4 sources

SpaceX IPO makes Musk first trillionaire as AI potential drives $1.8 trillion valuation

SpaceX became a publicly traded company on Nasdaq, marking the largest IPO in history at nearly $1.8 trillion. Elon Musk became the world's first trillionaire while thousands of employees gained millionaire status. But the company's valuation hinges less on rockets and more on its AI infrastructure ambitions, raising questions about investor appetite for tech IPOs and what comes next for OpenAI and Anthropic.

Business12 sources

SpaceX IPO makes Musk first trillionaire as AI potential drives $1.8 trillion valuation

Business12 sources

AI wealth boom sends San Francisco home prices surging 18% as OpenAI and Anthropic eye IPOs

San Francisco's housing market is experiencing a dramatic surge in home prices as employees at AI companies like OpenAI and Anthropic cash out shares ahead of impending IPOs. The median home price hit $2 million in March 2026, up 18% year-over-year, while evictions reach decade highs. The AI gold rush is creating a stark economic divide in the city.

Business2 sources

AI wealth boom sends San Francisco home prices surging 18% as OpenAI and Anthropic eye IPOs

Business2 sources

OpenAI considers major price cuts as Anthropic rivalry intensifies and customers balk at AI costs

OpenAI is weighing significant reductions to its AI token pricing as competition with Anthropic escalates. The move comes as both companies filed for IPOs and enterprise customers push back against soaring AI costs that often deliver unclear returns. A brewing price war could reshape the industry's economics while testing customer loyalty in a market where switching providers remains relatively easy.

Business14 sources

OpenAI considers major price cuts as Anthropic rivalry intensifies and customers balk at AI costs

Business14 sources

Ambani-backed Addverb Technologies seeks $100M to build humanoid robots and challenge China

Addverb Technologies, the Indian robotics startup controlled by Mukesh Ambani's Reliance Industries, is raising over $100 million to develop humanoid and quadruped robots. The company projects $136 million in revenue this year and aims to break into the global top 10 within five years, despite currently ranking outside the top 30 and facing fierce competition from Chinese, Japanese, and US rivals.

Startups2 sources

Ambani-backed Addverb Technologies seeks $100M to build humanoid robots and challenge China

Startups2 sources

OpenAI files confidential IPO as artificial intelligence industry faces trillion-dollar test

OpenAI submitted a confidential IPO filing with the SEC, positioning itself for a potential $1 trillion public debut. The ChatGPT maker joins rivals Anthropic and SpaceX in racing to public markets, but faces scrutiny over profitability and whether the AI industry boom can sustain its massive valuations and infrastructure investments.

Business10 sources

OpenAI files confidential IPO as artificial intelligence industry faces trillion-dollar test

Business10 sources

OpenAI preps major ChatGPT overhaul as company declares 'Chat is dead' and pivots to superapp

OpenAI is preparing the biggest transformation of ChatGPT since its 2022 launch, turning the chatbot into a superapp with integrated coding tools and AI agents. The $850 billion company aims to attract enterprise users and increase revenue ahead of a planned IPO this year, marking a strategic shift toward task-performing agents rather than simple question-answering chatbots.

Technology19 sources

OpenAI preps major ChatGPT overhaul as company declares 'Chat is dead' and pivots to superapp

Technology19 sources

Google to pay SpaceX $920 million monthly for AI compute power in $30 billion infrastructure deal

Google has signed a massive cloud services agreement with SpaceX, committing to pay $920 million per month for access to approximately 110,000 NVIDIA GPUs and related infrastructure. The deal runs from October 2026 through June 2029 and could generate over $30 billion for SpaceX, which is preparing for a historic IPO next week targeting a $1.75 trillion valuation.

Technology11 sources

Google to pay SpaceX $920 million monthly for AI compute power in $30 billion infrastructure deal

Technology11 sources

Anthropic beats OpenAI to confidential IPO filing as rivalry shapes AI's future

Anthropic has filed confidentially for an IPO at a $965 billion valuation, edging ahead of OpenAI in a high-stakes race to go public. The rivalry between the two AI giants is accelerating innovation but also raising questions about balancing rapid growth with safety concerns. Both companies are warning about AI risks while simultaneously launching their most powerful models yet.

Business8 sources

Anthropic beats OpenAI to confidential IPO filing as rivalry shapes AI's future

Business8 sources

Trump Administration Eyes Equity Stake in OpenAI as Public Wealth Fund Takes Shape

President Trump confirmed discussions with AI companies about giving equity to the American public, with OpenAI at the center of talks. The Trump administration has been negotiating a government stake in AI firms, potentially seeding a Public Wealth Fund that could distribute AI-driven profits directly to citizens as concerns mount over job displacement and wealth concentration in Silicon Valley.

Policy25 sources

Trump Administration Eyes Equity Stake in OpenAI as Public Wealth Fund Takes Shape

Policy25 sources

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