Story cards stay below the sticky dock while audio, chapters, date, and brief navigation remain accessible.
OpenAI is submitting a confidential S-1 to the SEC as early as today, tapping Goldman Sachs and Morgan Stanley as lead underwriters for a September 2026 listing. The expected valuation range is $852 billion to $1 trillion, which would make it one of the largest tech IPOs in history. Financial details will remain private until roughly 15 days before the roadshow.
Anthropic told investors it expects $10.9 billion in Q2 2026 revenue — more than doubling from $4.8 billion in Q1 — and an operating profit of $559 million, which would mark the company's first profitable quarter. Annualized revenue now exceeds OpenAI's, with Anthropic's run rate approaching $43–45 billion versus OpenAI's $24–25 billion.
Andrej Karpathy, founding member of OpenAI and former head of Tesla's Autopilot/FSD programs, started at Anthropic this week on the pre-training team under Nick Joseph. He'll lead a new group using Claude to accelerate pre-training research — a major coup in the AI talent wars.
Leaked audio from a Meta all-hands meeting reveals Mark Zuckerberg explaining that Meta monitored employee activity across Gmail, GChat, Metamate, and VSCode to train AI models — because "AI learns from watching really smart people do things." Roughly 7,800 workers were laid off and another 7,000 reassigned to AI divisions. Over 1,000 employees have signed a petition to halt the data tracking program.
SpaceX's IPO prospectus disclosed that Anthropic has committed to paying $1.25 billion per month through May 2029 for 220,000 GPUs at xAI's Colossus 1 data center near Memphis. The three-year contract could generate over $40 billion for SpaceX, though either side can exit with 90 days' notice.
President Trump pulled a planned executive order on Wednesday that would have established a voluntary 90-day pre-launch review for frontier AI models, with NSA involvement in classified testing. Trump told reporters "I didn't like certain aspects" and cited concerns about hindering the US lead over China. The order had already been postponed several times.
Google DeepMind hired more than 20 researchers from Contextual AI, including CEO and co-founder Douwe Kiela, in a licensing deal worth $80–100 million. The move echoes DeepMind's January Hume deal and is drawing antitrust scrutiny — the DOJ has flagged such acqui-hire structures as potential "red flags" for avoiding merger review.
Anthropic is negotiating with Microsoft to use its custom Maia 200 AI chips, which offer 30%+ better tokens-per-dollar than current silicon. This follows Anthropic's $100B+ Trainium deal with AWS and signals aggressive compute diversification. A deal would be a win for Microsoft's Azure AI ambitions.
Ramp's latest AI Index shows Anthropic now leads with 34.4% of paid business AI subscriptions in the US, edging past OpenAI at 32.3%. Anthropic has quadrupled business adoption over the past year while OpenAI's grew just 0.3%. The structural difference: OpenAI leans consumer, Anthropic leans API and enterprise.
At I/O on May 19, Google made Gemini 3.5 Flash the default model across its products — offering frontier-level performance at $1.50/$9 per 1M tokens with a 1M context window. Google also unveiled Gemini Omni for video generation, the "Remy" personal AI agent, and declared "the era of ten blue links is over" with AI Overviews now reaching 2.5 billion monthly users. The Gemini app's MAU surged from 400 million to over 900 million.
