OpenAI files for IPO, following Anthropic
… Altman trial, and ahead of Musk-owned SpaceX’s planned June 12 IPO. SpaceX’s public debut is currently set to raise $80 billion and become the biggest IPO of all time. …
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Anthropic has officially filed to go public
… Elon Musk’s SpaceX — which owns xAI and also has a newly minted deal with Anthropic that has the latter paying $15 billion per year to use SpaceX data centers — is currently set to raise $80 billion in its public debut, which would make it the largest IPO in history. …
Musk vs. Altman is here, and it’s going to get messy
… Reportedly, even OpenAI’s CFO doesn’t believe the company is ready to go public in 2026 due to its sizable spending commitments. Other executives have nevertheless expressed a desire to beat Anthropic to the public market. Any scandalous information about OpenAI’s C-suite could derail the IPO. …
Grok schlock panned by fed flock
… In corporate speak: This chatbot is going to get us sued. …
Tumbler Ridge families are suing OpenAI
… The families allege OpenAI stayed silent after its systems flagged activity by shooting suspect Jesse Van Rootselaar in order to protect the company’s reputation and upcoming initial public offering IPO . …
Anthropic’s Mythos mess is only getting worse
… Anthropic needs the revenue from Mythos to pay for all the compute it’s secured recently, including a deal to pay SpaceX $15 billion per year for access to its data centers, as well as its public image before the IPO. …
Money no longer matters to AI’s top talent
… At the same time, the incentives of the AI companies themselves are going from raising money to making money. Reporting suggests OpenAI and maybe even Anthropic could go public this year, and doing so would create a historic amount of wealth. …
What the rise of CoreWeave tells us about the AI bubble
… CoreWeave itself went public this past March, and it’s worth almost $50 billion today. …
Larry Ellison’s betting everything on OpenAI. Will it pay off or pop the bubble?
… In response, Dealbook analyst Harrison Rolfes issued a note explaining that OpenAI likely won’t go public this year. OpenAI is racing to beat Anthropic and Musk’s xAI, which has been subsumed by SpaceX and is trying to IPO this summer. …
Musk v. Altman accomplished nothing but airing dirty laundry
… One of its huge data centers isn’t going to be occupied by xAI — there’s a deal with Anthropic instead. …