initial public offering

Baidu’s Kunlunxin targets $50B valuation in Hong Kong IPO

Baidu's artificial intelligence chip unit Kunlunxin is seeking a $50 billion valuation for its Hong Kong initial public offering, a dramatic leap from the roughly $3 billion the company was valued at in its last private fundraising round, according to…

SpaceX bond losses mount, stoking bubble warnings

SpaceX has endured a bruising start to life as a publicly traded company. Shares of the Elon Musk-led aerospace and AI conglomerate closed at $153 on Thursday, June 25 — more than 24% below their record close of $201.80 and…

SoftBank shares fall as OpenAI weighs delaying IPO to 2027

SoftBank Group's stock fell sharply in Tokyo trading on Thursday after The New York Times reported that OpenAI is leaning toward postponing its initial public offering until 2027, rattling investors who had driven the Japanese conglomerate to record highs on…

OpenAI hires Google’s Shazeer and ex-White House AI adviser ahead of IPO

OpenAI is making high-profile additions to its leadership as it moves toward a public offering, hiring Google Alphabet Inc. DeepMind veteran Noam Shazeer and former Trump White House AI policy adviser Dean Ball in a pair of announcements this week.

Anthropic CEO joins rival AI leaders at G7 summit

Anthropic has vaulted past OpenAI to become the world's most valuable AI startup after closing a $65 billion Series H funding round that pushed its post-money valuation to $965 billion, surpassing OpenAI's roughly $852 billion valuation for the first time.…

Elon Musk becomes the world’s first trillionaire after SpaceX IPO

Elon Musk crossed the trillion-dollar threshold on Friday as SpaceX began trading on the Nasdaq in the largest initial public offering in history, a milestone that cements the entrepreneur's position atop the global wealth rankings by an extraordinary margin.

OpenAI considers drastic token price cuts to fend off Anthropic

OpenAI is considering sharp reductions in the prices it charges for AI tokens as it seeks to win customers from rival Anthropic, The Wall Street Journal News Corp reported on Wednesday, citing people familiar with the matter.

Anthropic CEO Dario Amodei manages just one person

Dario Amodei, co-founder and chief executive of Anthropic, directly manages just one person at the artificial intelligence company — his chief of staff, Avital Balwit. The unconventional arrangement places Anthropic at the opposite end of the spectrum from peers like…

OpenAI and Anthropic both call for global AI watchdog

OpenAI CEO Sam Altman and chief scientist Jakub Pachocki published a blog post on Monday calling for the formation of an international organization to oversee frontier AI development, including the ability to slow progress "when needed" so that safety and…