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OpenAI races toward fourth-quarter IPO as AI companies face profitability pressure

OpenAI is preparing for a fourth-quarter 2026 initial public offering, hiring finance executives and holding talks with Wall Street banks. Valued at $500 billion but unprofitable until 2030, the company faces mounting questions about whether AI companies can justify their massive infrastructure costs. The move comes as rival Anthropic projects breaking even two years earlier.

Business2 sources

OpenAI races toward fourth-quarter IPO as AI companies face profitability pressure

Business2 sources

SanDisk forecasts massive profit surge as AI storage demand drives flash storage boom

SanDisk predicted fiscal third-quarter revenue of $4.6 billion and adjusted profit of $14 per share, dramatically exceeding Wall Street estimates of $2.77 billion and $4.37 respectively. The data storage firm extended its supply agreement with Kioxia Corp through 2034 as AI fuels storage demand across data centers, with shares surging 19% in premarket trading.

Business3 sources

SanDisk forecasts massive profit surge as AI storage demand drives flash storage boom

Business3 sources

SpaceX acquires xAI as Elon Musk bets big on 1 million satellite constellation for orbital AI

Elon Musk has merged SpaceX with xAI in a bold move to deploy up to 1 million satellites as orbital data centers. The SpaceX xAI merger creates a $1.25 trillion entity aimed at solving AI's growing energy demands by harnessing solar power in space. The plan marks a significant bet on space-based computing infrastructure.

Technology102 sources

SpaceX acquires xAI as Elon Musk bets big on 1 million satellite constellation for orbital AI

Technology102 sources

Palladyne AI stock surges 25% after securing Air Force contract for multi-domain swarming tech

Palladyne AI shares jumped 25% following news of an Air Force Research Laboratory contract to develop advanced swarming capabilities. The HANGTIME project will use the company's SwarmOS platform to connect autonomous systems across space, air, maritime, and land domains, marking the first time its technology will integrate satellites.

Technology2 sources

Palladyne AI stock surges 25% after securing Air Force contract for multi-domain swarming tech

Technology2 sources

C3.AI in merger talks with Automation Anywhere as startup eyes public market entry

Enterprise artificial intelligence software provider C3.AI is negotiating a merger with privately held startup Automation Anywhere, according to The Information. If the deal materializes, Automation Anywhere would acquire C3.AI and go public as a result, marking a significant consolidation in the enterprise AI software market.

Business2 sources

C3.AI in merger talks with Automation Anywhere as startup eyes public market entry

Business2 sources

Amazon and SoftBank lead $100 billion OpenAI funding round as tech giants bet big on ChatGPT maker

Amazon is negotiating a $50 billion investment in OpenAI as part of a massive $100 billion funding round that could value the AI company at $830 billion. SoftBank is also in talks to invest up to $30 billion more, while Microsoft and Nvidia consider joining. The capital raise comes as OpenAI faces mounting costs and investor concerns about its ability to deliver returns on its $1.4 trillion in spending commitments.

Business16 sources

Amazon and SoftBank lead $100 billion OpenAI funding round as tech giants bet big on ChatGPT maker

Business16 sources

Anthropic doubles funding target to $20B as enterprise AI revenue surges toward $18B in 2026

Anthropic has doubled its latest venture capital funding target from $10 billion to $20 billion at a $350 billion valuation, driven by booming investor demand. The AI company behind Claude large language models is projecting $18 billion in revenue for 2026—a 180% jump fueled by enterprise customers. With 85% of revenue now coming from corporate contracts, Anthropic is positioning itself as a formidable OpenAI competitor in the enterprise AI adoption race.

Business8 sources

Anthropic doubles funding target to $20B as enterprise AI revenue surges toward $18B in 2026

Business8 sources

Anthropic CEO Warns AI Wealth Concentration Could Break Society as Cofounders Pledge 80% of Fortune

Anthropic CEO Dario Amodei warns that AI's economic impact could create wealth concentration levels that break society, comparing today's inequality to the Gilded Age. All seven billionaire cofounders are pledging to donate 80% of their wealth—potentially tens of billions—as the company's valuation soars to $350 billion and concerns mount over significant job disruption.

Business2 sources

Anthropic CEO Warns AI Wealth Concentration Could Break Society as Cofounders Pledge 80% of Fortune

Business2 sources

AI chip startup Ricursive Intelligence hits $4B valuation two months after launch

Ricursive Intelligence raised $300 million at a $4 billion valuation just two months after launching. Founded by former Google researchers behind AlphaChip, the AI chip startup aims to use AI systems to design and automatically improve AI accelerators. The Series A round was led by Lightspeed Ventures with participation from NVIDIA's NVentures and DST Global.

Startups2 sources

AI chip startup Ricursive Intelligence hits $4B valuation two months after launch

Startups2 sources

SoftBank pauses $50 billion Switch acquisition, throwing Stargate AI infrastructure plans into limbo

SoftBank has halted talks to acquire U.S. data center operator Switch for $50 billion after months of negotiations, dealing a blow to founder Masayoshi Son's ambitious Stargate project. The company now faces the challenge of securing critical AI infrastructure through alternative partnerships while managing mounting financial pressure and regulatory concerns over foreign ownership of strategic U.S. assets.

Business4 sources

SoftBank pauses $50 billion Switch acquisition, throwing Stargate AI infrastructure plans into limbo

Business4 sources

Synthesia AI Startup Nearly Doubles Valuation to $4 Billion with $200M Series E Funding

British AI startup Synthesia has raised $200 million in Series E funding, nearly doubling its valuation to $4 billion from $2.1 billion a year ago. The London-based company, which creates AI-generated avatars for corporate training videos, crossed $100 million in annual recurring revenue in April 2025. Led by Google Ventures, the funding round includes participation from NVentures, Accel, and other existing investors, while Synthesia facilitates an employee secondary sale through Nasdaq.

Startups10 sources

Synthesia AI Startup Nearly Doubles Valuation to $4 Billion with $200M Series E Funding

Startups10 sources

Demis Hassabis warns AI bubble concerns overblown but flags unsustainable startup funding levels

Google DeepMind CEO Demis Hassabis told the Financial Times that while the artificial intelligence industry isn't in a bubble, certain pockets show clear signs of excess. He specifically called out multi-billion-dollar seed rounds for early-stage AI companies without proven products as unsustainable, suggesting market corrections may be ahead.

Business2 sources

Demis Hassabis warns AI bubble concerns overblown but flags unsustainable startup funding levels

Business2 sources

TikTok deal finalizes as ByteDance divests US operations to American investors

After years of legal battles and national security concerns, TikTok has closed a deal splitting its US operations from its global business. Oracle, Silver Lake, and MGX now control 45% of TikTok US through a new joint venture, while ByteDance retains a minority stake. The agreement raises questions about user data privacy and algorithm changes that could affect 200 million American users.

Business3 sources

TikTok deal finalizes as ByteDance divests US operations to American investors

Business3 sources

Inferact raises $150M to commercialize vLLM and build next-gen AI inference infrastructure

The creators of vLLM have launched Inferact with $150 million in seed funding at an $800 million valuation, led by Andreessen Horowitz and Lightspeed Venture Partners. As AI shifts from training to deployment, technologies that make AI inference faster and more affordable are attracting significant investor attention. The startup plans to enhance the open-source project while building commercial infrastructure.

Startups3 sources

Inferact raises $150M to commercialize vLLM and build next-gen AI inference infrastructure

Startups3 sources

LiveKit reaches $1 billion valuation as voice AI infrastructure demand surges across industries

LiveKit, the infrastructure company behind ChatGPT's voice mode, has raised $100 million at a $1 billion valuation just ten months after its previous funding round. The startup powers real-time AI voice and video applications for over 200,000 developers, including OpenAI, xAI, Tesla, and Salesforce. As enterprises rush to deploy voice agents across customer service, healthcare, and robotics, LiveKit's open-source roots and developer-first approach position it at the center of the AI infrastructure stack.

Startups4 sources

LiveKit reaches $1 billion valuation as voice AI infrastructure demand surges across industries

Startups4 sources

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