Keep pulling the thread on Goldman Sachs.
OpenAI has confidentially filed for an initial public offering.
OpenAI is working with Goldman Sachs and Morgan Stanley for a potential IPO as soon as this autumn.
The trend of price pressure from cheaper Chinese AI models could challenge the economic viability of large-scale AI infrastructure investments by US firms.
SpaceX's initial public offering is reportedly heavily oversubscribed, with multiple institutional investors placing orders worth $10 billion or more.
SpaceX is seeking to raise approximately $75 billion in its IPO, targeting a valuation of around $1.8 trillion.
Elon Musk is expected to retain 85% of the voting control of SpaceX following its IPO.
Apple will not launch its new Siri AI assistant in the European Union or China as it engages with regulators on privacy concerns.
Iran and Israel have reportedly agreed to a de-escalation pact, agreeing not to attack each other unless first attacked.
Iran's Central Military Command has threatened "much harsher action" if Israel attacks again.
OpenAI raised $122 billion in a funding round in April.
The most advanced Chinese AI models are priced at less than $0.20 per million tokens.
Israeli Prime Minister Benjamin Netanyahu stated that while the conflict with Iran is currently contained, Israel will respond forcefully to any future attacks.