OpenAI Delays IPO to 2027 as Altman Holds Out for $1T
Sam Altman has rejected any sub-trillion IPO valuation as a nonstarter, pushing the listing to 2027 while SoftBank takes a 13% hit and SpaceX's stumbling debut makes the wait look smarter.
Articles Tagged "AI Industry"
Qualcomm Bets $14B to Shatter Nvidia's AI Lock-In
Qualcomm confirmed a $3.9B acquisition of AI software startup Modular and is in advanced talks to buy RISC-V chip designer Tenstorrent for up to $10B, betting that open hardware and a portable compiler can dislodge Nvidia from the data center.
Google Loses Four AI Stars to Rivals in Six Days
Noam Shazeer, John Jumper, and two more Gemini engineers left Google DeepMind for OpenAI and Anthropic in a single week, sending Alphabet stock tumbling nearly 10% from its May peak.
Agility Robotics Goes Public in $2.5B SPAC Deal
Agility Robotics merges with Churchill Capital XI at a $2.5B valuation, becoming the first publicly traded pure-play humanoid robot company with robots already earning commercial revenue.
AI Job Cuts in 2026 Already Beat All of Last Year
Challenger, Gray & Christmas data shows 87,714 US jobs have cited AI as a cut reason through May 2026 - already past all of 2025's total - while companies post record profits.
Google Bets $75M on A24 as Hollywood's AI Race Shifts
Google DeepMind's $75M investment in A24 aims to build AI tools shaped by filmmakers rather than imposed on them, as studios race to stake their AI positions across Hollywood.
AI Label Backlash - 60% of US Consumers Are Turned Off
Two major surveys from WordPress VIP and Gartner find a majority of US consumers are put off by AI labels in brand messaging, even as companies race to build AI visibility for search engines.
ChatGPT Falls Below 50% Market Share for First Time
Sensor Tower's State of AI 2026 report shows ChatGPT's True Audience share fell to 46.4% in May as Gemini and Claude eat into OpenAI's lead.
Facebook AI Mode Mines Public Posts With No Opt-Out
Meta launched AI Mode on Facebook, turning billions of public posts into AI-synthesized search answers with no opt-out for the 2 billion daily users whose content powers it.
Microsoft Drops Claude Code as AI Budgets Run Out
Microsoft's Experiences and Devices division is pulling Claude Code from thousands of engineers by June 30, a move driven by token costs that already burned through Uber's entire 2026 AI budget.
Meta's Applied AI Unit Called a Gulag by Its Staff
Meta's 6,500-person Applied AI team, created in March with a join-or-quit mandate, is in revolt: 1,600+ employees signed a petition against keystroke surveillance, bathroom-stall flyers appeared across US campuses, and UK workers began organizing with UTAW.
KPMG Pulls AI Report After Fake Case Studies Found
KPMG retracted its agentic AI report after GPTZero found that 40 of 45 citations were fabricated and case studies about UBS, the NHS, and Transport for London were invented.
