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OpenAI files to go public as IPO race heats up

OpenAI has confidentially filed paperwork to go public, the company announced Monday. It is one of three leading AI companies preparing for an initial public offering (IPO), alongside SpaceX and Anthropic, which have both filed with the Securities and Exchange Commission (SEC) in recent months. The company said in a post on X it “recently...

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SpaceX launches IPO, making Musk the world’s first trillionaire

{beacon} Technology Technology   The Big Story SpaceX launches IPO, making Musk the world’s first trillionaire Elon Musk’s SpaceX made its highly anticipated stock market debut Friday morning, establishing him as the first person to ever be worth $1 trillion. © Matt Rourke, Associated Press The spacecraft and satellite communications company began trading on the...

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AI will consume as much water in 2030 as 1.3 billion people

By 2030, water consumption linked to the use of artificial intelligence will be equivalent to that of 1.3 billion people in sub-Saharan Africa, while it will require nearly three times the annual energy consumption of Pakistan, Bangladesh and Nigeria — countries with a combined population of 650 million. In terms of carbon emissions, these could reach 400 million tonnes of CO₂ equivalent, comparable to the United Kingdom’s total emissions. The operation of AI will require 14,500 square kilometres of land, including infrastructure and supply chains — twice the size of the Jakarta metropolitan area, a megacity with more than 32 million inhabitants, or 10 times that of Mexico City (21 million).

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One of the aisles of servers at Google's data centre in Douglas, Georgia.
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Altman, OpenAI get bogged down in political spending fight

OpenAI, the artificial intelligence firm that birthed ChatGPT, is struggling to distance itself from pro-AI super PAC Leading the Future and its Silicon Valley backers as the industry faces backlash over its midterm election donations. OpenAI CEO Sam Altman is facing new questions over the company’s affiliation with Leading the Future, which is backed by...

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SpaceX makes history with stock market debut and is poised for sharp gains

SpaceX, the company founded in 2002 by Elon Musk with the utopian dream of sending humans to Mars, became one of the world’s leading tech giants on Friday. The company, which specializes in launching rockets into space, communications satellites, and artificial intelligence, has made the biggest stock market debut in history. In the absence of an official listing, trading on the Nasdaq suggests a price of between $170 and $175 per share, up to 30% above the $135 at which the shares were sold. This valuation places the company at approximately $2.25 trillion, making it the sixth-largest company in the world by market capitalization. It was the largest initial public offering in history, ahead of Saudi oil giant Aramco’s 2019 debut, which raised about $29 billion.

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© SARAH YENESEL (EFE)

SpaceX begins trading following the biggest initial public offering ever.
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The contradiction of AI in cinema: Creators fear it, but the market and the industry embrace it

On the first day of Cannes, artificial intelligence already sparked a debate between two jury members, Demi Moore and Paul Laverty. From that moment, the festival and the market running alongside it diverged in their reactions to the digital tool: while Cannes imposes limits on its use (even though one of its sponsors, which joined in 2026, is Meta, owner of Meta AI) and artists warn of its dangers, the market saw a rush of Chinese films made with AI and a handful of Western projects embracing its use. Filmmakers will be wary, but the industry has rushed to exploit AI.

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An AI-generated still from the Chinese film ‘Legends of the South.’
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AI firms craft state rules as White House, Congress stall

Major artificial intelligence labs are done waiting on Washington to pass a national standard for AI, turning to state bills to carve out their own policy lines while Congress tries to catch up. Most AI labs support a national safety framework for AI that would eliminate the patchwork of state regulations, but they are also...

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What’s the best way to talk about health with chatbots?

In 2021, Miriam González, a 35-year-old from Murcia, Spain, went to the doctor because she was bleeding from her breast. She was told to relax: everything was normal. But in 2024, she was diagnosed with breast cancer. And, shortly afterward, she discovered it was metastatic, at stage four.

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Miriam González, an engineer who has used AI for medical consultations, in an image provided by her.
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OpenAI plans biggest ChatGPT overhaul yet as it eyes ‘superapp’ ahead of potential IPO

Malay Mail

KUALA LUMPUR, June 7 — OpenAI is preparing a major redesign of ChatGPT aimed at turning the platform into a “superapp” with stronger coding features, AI agents and partner services, according to the Financial Times.

Reuters, citing the FT report, said the planned overhaul comes as OpenAI reorganises its business to focus more heavily on enterprise customers and compete more directly with rival Anthropic.

Reuters said it could not immediately verify the FT report, while OpenAI did not immediately respond to its request for comment.

The FT reported that OpenAI’s coding product Codex is expected to receive greater prominence and resources, with changes due to be introduced in the coming weeks through updates to ChatGPT’s website and mobile apps.

The report said ChatGPT’s interface is being redesigned with new prompts and features to direct users towards coding tools, image generation and partner services such as Canva and Booking.com.

The FT also reported that most Codex users are paying customers, while two million businesses currently account for about 40 per cent of OpenAI’s revenue, with the company expecting that share to rise to 50 per cent by the end of the year.

OpenAI said earlier this year that ChatGPT had more than 900 million weekly active users and had crossed 50 million consumer subscribers, according to Reuters.

Reuters reported in May that OpenAI was preparing a confidential US initial public offering filing in the coming weeks, although chief executive Sam Altman has said the company is not focused on timing and will go public when it makes sense.

Facts to check before publication: Whether OpenAI has since issued a response; whether the FT report has further details on rollout timing; and whether the user and subscriber figures remain the latest available. — Reuters

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AI fever sparks an IPO race that threatens to change the balance of financial markets

Artificial intelligence (AI) is addicted to money. The major labs developing AI models are intoxicated with the dollars that will finance the technology’s evolution. The three leading companies in the sector, Anthropic, OpenAI and SpaceX, have announced in recent days plans to go public to raise more funds in an endless race. Other long-established tech multinationals such as Google, Microsoft, Meta and Amazon have also launched financial operations in what is shaping up to be the biggest capital raising effort in the sector’s history.

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© OLGA FEDOROVA (EFE)

Protests at Nasdaq headquarters against Elon Musk and SpaceX’s IPO.
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Catastrophists versus accelerationists: Will AI destroy the world or save it?

Eliezer Yudkowsky, 46, and Nate Soares, 37, are convinced that if artificial intelligence (AI) systems continue to improve, they will eventually surpass human capabilities. And when that happens, humanity will go extinct. They argue this could occur in a matter of months or within a decade. The title of their latest book is blunt: If Anyone Builds It, Everyone Dies: Why Superhuman AI Would Kill Us All (Little, Brown & Co).

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BigDog, a quadrupedal walking robot designed for military use by Boston Dynamics and Foster-Miller.
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