OpenAI spending hit $34 billion last year ahead of planned IPO, FT reports
OpenAI spent $34 billion last year to dominate the booming AI market ahead of its planned IPO, the Financial Times reported on Monday.
June 16, 2026OpenAI spent $34 billion last year to dominate the booming AI market ahead of its planned IPO, the Financial Times reported on Monday.
June 16, 2026
In the old days, companies went public early to access cash to grow. These days, soon-to-be-public companies are already flush with cash from private finance.
June 12, 2026
A federal judge dismissed a lawsuit on Monday by Elon Musk's artificial intelligence company xAI that accused rival Sam Altman's OpenAI of stealing trade
June 15, 2026
OpenAI received a subpoena from several states as part of a probe into the safety of customers using its chatbot as it prepares to offer stock to the public for the first time
June 14, 2026
A collective sigh of relief swept across Wall Street after trading for SpaceX’s landmark Nasdaq launch went smoothly,
June 13, 2026
Elon Musk's SpaceX began trading on Nasdaq on Friday after the rocket and satellite maker raised $75 billion in its initial public offering, shattering records and eclipsing Saudi
June 12, 2026
A Canadian mother sued OpenAI and its CEO Sam Altman in U.S. court on Thursday alleging that ChatGPT encouraged her daughter to commit suicide, the latest
June 11, 2026
If not for the intense rivalry between Anthropic and OpenAI, the generative AI boom might not have arrived so quickly.
June 11, 2026
OpenAI is considering drastically reducing the prices it charges users as it seeks to win customers from its competitor Anthropic, the Wall Street Journal reported on Wednesday,
June 11, 2026
Chinese propagandists have been trying to use OpenAI's flagship chat to gin up opposition to Donald Trump's tariffs and intervene in American debates over data centers
June 11, 2026
Anthropic has joined calls for the AI industry to find ways to cushion people from AI's disruptions to the workforce
June 11, 2026
Visa is embedding its payment network into ChatGPT, allowing the chatbot to shop and complete transactions for users
June 11, 2026
OpenAI CEO Sam Altman told staff in a message earlier this week that he expected the AI startup to go public "within the next year," The Information reported on Wednesday.
June 10, 2026
Meta Platforms has been ordered by EU antitrust regulators to give rival AI chatbots such as OpenAI free access to WhatsApp while they continue to
June 09, 2026
AI firm Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CNBC reported on Monday, citing an interview with CEO
June 09, 2026
OpenAI is planning its biggest ChatGPT overhaul yet, aiming to turn it into a "superapp" with coding tools and AI agents to boost revenue ahead of a potential stock market listing,
June 07, 2026
OpenAI CEO Sam Altman has met with Sen. Bernie Sanders to discuss public ownership in AI companies — a meeting that highlighted the tension between AI powerhouses and policymakers
June 06, 2026
S&P Dow Jones Indices has decided not to change its guidelines for including large "MegaCap" companies in its stock indexes
June 05, 2026
Authoritarian governments, including the Trump administration, are reorienting AI safety provisions away from protecting the public toward coercing support for the regime.
June 04, 2026
Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations
June 04, 2026
OpenAI CEO Sam Altman will advocate against proposals that AI developers obtain U.S. government approval before releasing new models to the public,
June 03, 2026
OpenAI's ChatGPT has crossed 1 billion global monthly active app users, becoming the fastest app ever to reach the milestone, according to estimates from market intelligence firm
June 03, 2026
What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets On the surface, global markets looked pretty serene early on Tuesday,
June 02, 2026
AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering, teeing up a watershed moment for Wall Street's AI frenzy.
June 02, 2026
AI giant Anthropic has confidentially filed for a U.S. initial public offering, the company said on Monday, edging ahead of rival OpenAI in a closely
June 01, 2026
OpenAI said on Monday it has confidentially filed for a U.S. initial public offering, joining rival Anthropic in a push toward the stock market as investors seek exposure to the
April 01, 2026
OpenAI has given some Japanese financial institutions access to its GPT-5.5 model to help prevent cyberattacks, Japanese Finance Minister Satsuki Katayama
May 29, 2026
Artificial intelligence company Anthropic said Thursday it raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the 5-year-old research laboratory behind the Claude chatbot one of the world’s most valuable startups as it careens toward a likely Wall Street debut
May 29, 2026
Nebius Group's shares climbed 9% on Thursday after a fund run by former OpenAI employee Leopold Aschenbrenner disclosed a stake in the AI infrastructure firm.
May 28, 2026
Anthropic said on Thursday it has raised $65 billion at a post-money valuation of $965 billion, as it aims to bolster computing capacity to meet growing demand for chatbot Claude
May 29, 2026
Salesforce forecast second-quarter revenue below Wall Street estimates on Wednesday, as concerns over AI-driven disruption to traditional software demand overshadowed
May 28, 2026
By Leo Marchandon and Coralie Lamarque (REUTERS), May 27 (Rtrs) - Capgemini on Thursday said artificial intelligence was opening access to client spending beyond traditional information technology
May 27, 2026
Large mutual funds and passive index funds are starting to set aside more cash and preparing to offload some of their existing holdings in large-cap stocks,
May 27, 2026
SoftBank Group has tapped banks to prepare initial public offerings for its energy and infrastructure developer SB Energy and its planned
May 27, 2026
Target is moving from "using AI to running on AI," but a shift in the pricing of the technology by its providers is prompting
May 25, 2026
U.S.
May 21, 2026
OpenAI will open its first applied AI lab outside of the U.S. in Singapore, the city-state's Ministry of Digital Development and Information said on Wednesday.
May 20, 2026
Google is making its biggest change to the search bar in years
May 20, 2026
Elon Musk waited too long to sue OpenAI and its leaders, a jury in Oakland, California, decided on Monday. A lawsuit he filed was barred by the statute of limitations, the jury found after about 90 minutes of deliberation. CNN's Hadas Gold reports on the breaking news.
May 19, 2026
Elon Musk lost his case against OpenAI and its top executives in a high-stakes trial that pitted billionaire against billionaires
May 19, 2026
A federal court on Monday dismissed claims filed against OpenAI and its top executives by Elon Musk, who accused them of betraying a shared vision for it to remain a nonprofit dedicated to guiding artificial intelligence’s development for the good of humanity
May 18, 2026
Musk loses case against OpenAI
May 19, 2026
Lawyers for Elon Musk and OpenAI made their final arguments Thursday in the landmark trial whose outcome could shape the future of artificial intelligence
May 14, 2026
A lawyer for Elon Musk hammered at the credibility of OpenAI CEO Sam Altman on Thursday, near the end of a
May 14, 2026
OpenAI said on Wednesday it found no evidence that its user data was accessed after a security issue involving a supply-chain attack on TanStack npm, an open-source library.
May 14, 2026
Microsoft is shopping for artificial-intelligence startups as the software company prepares for a future
May 14, 2026
OpenAI Chief Executive Sam Altman holds more than $2 billion in companies that have done business with the artificial intelligence company, a
May 14, 2026
Technology investor SoftBank Group reported on Wednesday that its net profit more than tripled to 1.83 trillion yen ($11.60 billion) in the January-March
May 13, 2026
OpenAI Chief Executive Sam Altman on Tuesday rejected Elon Musk's claim that he betrayed the ChatGPT
May 12, 2026
OpenAI CEO Sam Altman took the witness stand Tuesday to defend his business record in a trial pitting him against Elon Musk, rebutting testimony that disparaged his leadership at a pivotal time for the ChatGPT maker
May 12, 2026
‘Are you completely trustworthy?’: Musk’s attorney presses OpenAI CEO in trial
May 12, 2026
OpenAI has agreed to cap total revenue it shares with Microsoft under their agreement at $38 billion, The Information reported on Monday, citing a person with knowledge of the
May 12, 2026
SoftBank Group is expected by analysts to report another robust quarterly profit on Wednesday as the technology investor benefits from its growing OpenAI bet,
May 12, 2026
Former OpenAI chief scientist Ilya Sutskever testified on Monday that he spent about a year gathering evidence for the ChatGPT maker's board that CEO Sam Altman had displayed a "
May 12, 2026
OpenAI said on Monday it is setting up a new company with more than $4 billion in initial investment to help organizations build and deploy artificial intelligence systems, and will
May 11, 2026
SoftBank Group has downsized plans for a $10 billion margin loan backed by its OpenAI stake after hesitation from some creditors, Bloomberg News reported on Friday, citing people
May 08, 2026
How a mother of Elon Musk’s children became a key witness in his lawsuit against OpenAI
May 08, 2026
OpenAI introduced three audio models for its developer platform on Thursday, aiming to make voice-based software agents more conversational and capable of completing tasks in real
May 08, 2026
Google’s plan to win the AI health race? Play nice with Apple and other rivals
May 07, 2026
Questions about the dangers of artificial intelligence have been looming over the trial pitting Elon Musk against OpenAI CEO Sam Altman
May 07, 2026
A former OpenAI technology chief testified on Wednesday in Elon Musk's lawsuit that CEO Sam Altman sowed distrust among top executives
May 07, 2026
OpenAI's president testified on Tuesday that Elon Musk supported transforming the artificial intelligence startup into
May 06, 2026
The Trump administration on Tuesday announced it had expanded a program to give U.S. government scientists access to unreleased
May 06, 2026
The man accused of throwing a Molotov cocktail at the San Francisco home of OpenAI CEO Sam Altman has pleaded not guilty to charges of attempted murder, attempted arson and other charges
May 05, 2026
OpenAI expects to spend $50 billion on computing power this year, co-founder and President Greg Brockman said during his testimony in the company's courtroom battle with Elon Musk on
May 06, 2026
Alphabet is on the cusp of overtaking Nvidia as the world's most valuable company, riding on a record stock rally fueled by its artificial intelligence efforts
May 05, 2026
The joint ventures OpenAI and Anthropic separately created with private equity firms are in talks to acquire services companies that help businesses deploy
May 05, 2026
OpenAI's co-founder and president, Greg Brockman, on Monday disclosed deeper financial ties to CEO Sam Altman than previously
May 05, 2026
Greg Brockman, OpenAI’s president and CEO Sam Altman’s top lieutenant, disclosed in court Monday that his stake in the artificial intelligence company is worth nearly $30 billion
May 05, 2026
Musk wanted to settle with OpenAI just days before their courtroom showdown, new filing says
May 04, 2026
Elon Musk contacted OpenAI President Greg Brockman to gauge interest in a settlement two days before their high-stakes trial got underway in
May 04, 2026
The Pentagon says it has reached deals with seven tech companies to use their artificial intelligence in its classified computer networks This will allow the military to tap into AI-powered capabilities to help it fight wars
May 01, 2026
The Pentagon said on Friday it had reached agreements with seven AI companies to deploy their advanced capabilities on the Defense
May 01, 2026
Elon Musk testified for more than seven hours over three days this week at a trial in Oakland, California, over the future of OpenAI, casting his lawsuit against the owner of ChatGPT
May 01, 2026