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IPO
Kling AI raises $2B as Kuaishou eyes Hong Kong IPO
Kuaishou Technology's spun-off AI video unit Kling AI has secured an initial $2 billion in venture capital funding, valuing the company at approximately $18 billion post-money, as the Chinese startup positions itself for a Hong Kong initial public offering within…
Bending Spoons surges in Nasdaq debut, topping $25B valuation
Italian technology company Bending Spoons closed its first day of trading on the Nasdaq nearly 40% above its IPO price on Wednesday, capping one of the year's most notable public offerings. Shares opened at $31 and ended the session at…
OpenAI leans toward delaying IPO until 2027, NYT reports
OpenAI is leaning toward postponing its initial public offering until 2027, the New York Times reported on Thursday, citing three people involved in the company's internal deliberations. The delay marks a reversal for the artificial intelligence company, which had positioned…
Hyundai to fully acquire Boston Dynamics in $325M deal
Hyundai Motor Group is set to acquire SoftBank Group's remaining 9.65% stake in Boston Dynamics for $325 million, a deal that would give the South Korean automaker full ownership of the robotics company behind the humanoid robot Atlas.
OpenAI burned $3.7B in Q1 2026, over half its revenue
OpenAI spent $3.7 billion during the first three months of 2026, more than half of its $5.7 billion in revenue for the period, according to documents the company shared with shareholders, The Information reported on Tuesday.
ChatGPT’s market share falls below 50% for first time
OpenAI's ChatGPT has lost its majority hold on the AI assistant market for the first time, with its "True Audience" share dropping below 50% in March 2026, according to Sensor Tower's State of AI 2026 report released on Monday. The…
OpenAI’s leaked financials show $39B loss ahead of IPO
OpenAI lost roughly $39 billion in 2025 while spending $34 billion to maintain its lead in the artificial intelligence race, according to audited financial figures reported by the Financial Times on Monday, just over a week after the company confidentially…
Anthropic confidentially files for IPO after $965B valuation
Anthropic announced Monday that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission, taking its first formal step toward a potential initial public offering of its common stock. The filing positions…
SpaceX launches first Starship V3 but loses booster over Gulf of Mexico
SpaceX launched its upgraded Starship V3 megarocket on Friday evening from Starbase, Texas, marking the debut of the company's most powerful rocket design yet. While the upper stage successfully deployed 22 dummy Starlink satellites and completed a controlled splashdown in…