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OpenAI is in early talks with investors for a private funding round targeting a $120 billion valuation, up from the $85.2 billion reached in March. This push follows strong revenue growth to over $40 billion annually driven by new models like GPT-5.6 and Astra, despite $34 billion in annual spending. CEO Sam Altman confirmed the IPO is in preparation but delayed beyond this year due to macro risks. The potential deal would reassert OpenAI's lead over rival Anthropic, which aims for a $200 billion IPO by October.
OpenAI is in early talks with investors for a private funding round targeting a $120 billion valuation, up from the $85.2 billion reached in March. This push follows strong revenue growth to over $40 billion annually driven by new models like GPT-5.6 and Astra, despite $34 billion in annual spending. CEO Sam Altman confirmed the IPO is in preparation but delayed beyond this year due to macro risks. The potential deal would reassert OpenAI's lead over rival Anthropic, which aims for a $200 billion IPO by October.
US Commerce Department lifted export restrictions on Anthropic's Claude Fable5 and Mythos5 models, restoring global access from July 1 after nearly three weeks offline. The emergency ban on June 12 stemmed from a security vulnerability. Anthropic reached a pre-emptive security agreement with the government to avoid license application.
US Commerce Department lifted export restrictions on Anthropic's Claude Fable5 and Mythos5 models, restoring global access from July 1 after nearly three weeks offline. The emergency ban on June 12 stemmed from a security vulnerability. Anthropic reached a pre-emptive security agreement with the government to avoid license application.
Apple removed the Cal AI app from the App Store for policy violations, including bypassing in-app purchase rules via Stripe and employing deceptive billing designs. The app, with $50M annual revenue, was reinstated after fixes. Apple's action signals strict enforcement of its ecosystem rules despite legal changes allowing external payment links.
Apple removed the Cal AI app from the App Store for policy violations, including bypassing in-app purchase rules via Stripe and employing deceptive billing designs. The app, with $50M annual revenue, was reinstated after fixes. Apple's action signals strict enforcement of its ecosystem rules despite legal changes allowing external payment links.
Anthropic launched Claude for Word beta, deeply integrating AI into Microsoft Word for legal and financial pros. It offers precise citations, intelligent editing with style retention, and context-aware rewriting. The tool can summarize terms, flag risks, and modify clauses. Available for Team and Enterprise users.
Anthropic launched Claude for Word beta, deeply integrating AI into Microsoft Word for legal and financial pros. It offers precise citations, intelligent editing with style retention, and context-aware rewriting. The tool can summarize terms, flag risks, and modify clauses. Available for Team and Enterprise users.
Chinese AI models dominated global token usage for the fifth consecutive week, reaching 12.96 trillion tokens, a 31.48% weekly increase. All top six models globally were Chinese, led by Alibaba's Qwen3.6 Plus with 4.6 trillion tokens. This surge highlights China's growing AI market share and technological shift from follower to leader.
Chinese AI models dominated global token usage for the fifth consecutive week, reaching 12.96 trillion tokens, a 31.48% weekly increase. All top six models globally were Chinese, led by Alibaba's Qwen3.6 Plus with 4.6 trillion tokens. This surge highlights China's growing AI market share and technological shift from follower to leader.
NVIDIA CEO Jensen Huang at GTC 2026 warned against alarmist AI risk discourse, stating it hinders competitiveness. He called AI sophisticated software, not a conscious being. This follows Anthropic's contract dispute with the U.S. government over ethical clauses. Huang remains optimistic on AI, predicting Anthropic could surpass $1 trillion revenue by 2030, and emphasized diversifying AI chip supply chains to Korea, Japan, and the U.S. for resilience.
NVIDIA CEO Jensen Huang at GTC 2026 warned against alarmist AI risk discourse, stating it hinders competitiveness. He called AI sophisticated software, not a conscious being. This follows Anthropic's contract dispute with the U.S. government over ethical clauses. Huang remains optimistic on AI, predicting Anthropic could surpass $1 trillion revenue by 2030, and emphasized diversifying AI chip supply chains to Korea, Japan, and the U.S. for resilience.
Alphabet's Waymo secured $16 billion in funding, raising its valuation to $126 billion. The autonomous vehicle pioneer, operating in multiple U.S. cities, reports a 90% lower serious injury rate versus human drivers over 127 million miles. It plans to expand to over a dozen U.S. cities and enter London and Tokyo by 2026.
Alphabet's Waymo secured $16 billion in funding, raising its valuation to $126 billion. The autonomous vehicle pioneer, operating in multiple U.S. cities, reports a 90% lower serious injury rate versus human drivers over 127 million miles. It plans to expand to over a dozen U.S. cities and enter London and Tokyo by 2026.
Harness, the AI DevOps platform founded by Jyoti Bansal, raised a $240M Series E funding round led by Goldman Sachs, achieving a $5.5B post-money valuation. The funding will fuel R&D expansion, hiring, and international market growth. Harness, which automates testing, security, and deployment, is projected to surpass $250M in annual recurring revenue by 2025 and counts over 1,000 enterprise customers.
Harness, the AI DevOps platform founded by Jyoti Bansal, raised a $240M Series E funding round led by Goldman Sachs, achieving a $5.5B post-money valuation. The funding will fuel R&D expansion, hiring, and international market growth. Harness, which automates testing, security, and deployment, is projected to surpass $250M in annual recurring revenue by 2025 and counts over 1,000 enterprise customers.
Former DreamWorks Animation head Jeffrey Katzenbergs venture firm WndrCo now leads an enterprise AI investing practice With 28B in AUM the firm invests in and incubates companies like Writer and Databricks Katzenberg sees enterprise AI value accruing 100 at the application layer and emphasizes storytelling as key for founders to attract partners and customers
Former DreamWorks Animation head Jeffrey Katzenbergs venture firm WndrCo now leads an enterprise AI investing practice With 28B in AUM the firm invests in and incubates companies like Writer and Databricks Katzenberg sees enterprise AI value accruing 100 at the application layer and emphasizes storytelling as key for founders to attract partners and customers
OpenAI signs a 7-year 38 billion dollar cloud deal with Amazon Web Services to scale AI agent workloads The move follows a restructuring that freed OpenAI from requiring Microsofts approval for such purchases and is part of a broader strategy to invest heavily in global computing capacity
OpenAI signs a 7-year 38 billion dollar cloud deal with Amazon Web Services to scale AI agent workloads The move follows a restructuring that freed OpenAI from requiring Microsofts approval for such purchases and is part of a broader strategy to invest heavily in global computing capacity
