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ChatGPT-maker OpenAI has filed confidentially for an initial public offering, the company said Monday in ablog post.The filing comes a little more than a week after its main rival, Anthropic,also filed to go public, ramping up the race between the two AI firms. OpenAI, which was last valued at$852 billion post-money, submitted a draft registration statement to the U.S. Securities and Exchange Commission for a proposed IPO. The company didn’t list the number of shares or set a price. The filing is the latest signal that 2026 will be a blockbuster year for the public markets, withElon Musk’s SpaceXalso poised to make its debut at a $1.75 trillion valuation. OpenAI is racing to IPO even as it recently missed its own targets for new users and revenue,per The Wall Street Journal. Chief Financial Officer Sarah Friar reportedly expressed concern that OpenAI wouldn’t be able to support its massive spending on data centers. And the burn does appear to be massive. In late March, OpenAI secured $122 billion in the largest funding round in Silicon Valley history — $3B of which came directly from retail investors via bank channels. But the firm is poised to spend the size of that round on computing power for AI research in 2028, and expects to burn $85 billion that year even after doubling sales from the year prior,per The Wall Street Journal.The company does not expect positive cash flow until 2030. SpaceX’s AI spend, while not as large, provides another example of how the cost to train large language models can exceed the revenue companies bring in from those models. Anthropic, on the other hand, has provided investors with a much rosier picture of its financials, saying that it is close toachieving its first quarterly profit.That said, with a recent$65 billion funding roundand another$36 billion in chip-allocated debtpotentially on its way, Anthropic’s burn rate isn’t exactly modest. The confidential IPO filing allows OpenAI to start its preparation for a public offering without publicly disclosing detailed financial information or business risks, which is why the company hasn’t shared stock pricing or how much it hopes to raise yet. That said, the secondary markets provide a glimpse into what investors are willing to pay. Anthropicrecently surged to a $1 trillionvaluation on Forge Global, a retail secondary market platform, surpassing OpenAI, which was recorded at around $880 billion in April. David Shapiro, founder and CEO of OpenVC, oversees the NYSE OpenVC 500 Index, which tracks the largest public and private companies in the U.S. He said Anthropic’s rate of appreciation far exceeds OpenAI this year — 123% year-to-date versus OpenAI’s 11.3%. That said, despite Anthropic’s clear boost, OpenAI isn’t seeing a lack of secondary interest. “From a secondary investor standpoint, OpenAI had already grown into a significant portion of its valuation,” David Shapiro, founder and CEO of OpenVC, who oversees the NYSE OpenVC 500 Index which tracks the largest public and private companies in the U.S., told TechCrunch. “We haven’t seen OpenAI crater or anything close, and valuation is still enormously successful, according to the index.” He added that OpenAI’s stock in the secondary market “experienced a slight pop over the last few days, indicating investors may be pricing both as the ‘dual winners’ of the broader LLM race.” But the race to get to the public markets first is a real concern.Experts saywhoever makes their debut first will likely nab more of what is becoming increasingly scarce capital for AI companies, much of which will have already gone to SpaceX which is expected to IPO first among the three. Additionally, Anthropic’s filing disclosures will set a valuation comp that constrains how OpenAI can price its own offering when it files, according to a recent PitchBook report that viewed OpenAI as overvalued relative to its fundamentals. OpenAI, which was founded in 2015 as a nonprofit research lab, disrupted the world of AI when it released ChatGPT in 2022, sparking a wave of large language model advancements across the industry. While OpenAI has expanded its products to accommodate enterprise and government customers, the firm has a strong reputation of being more consumer-focused than rival Anthropic. The company has built real scale, with around900 million weekly active users. The IPO comes after significant internal struggles within the company. In 2022, OpenAI’s boardousted Altmandue to a lack of transparency from and trust in the CEO to stick to the firm’s mission of benefitting all humanity. Altman was quickly reinstated, and those who were involved in the coup, including co-founder Ilya Sutskever, departed shortly after. More recently, OpenAI has been involved in several lawsuits, including a recent one from thestate of Floridaaccusing the company and Altman of harming children by providing information to school shooters, offering guidance on self-harm, and addicting young users. Florida’s complaint adds to thelitany of lawsuitsagainst OpenAI and other chatbot makers following user delusions, self-harm, suicide, and mass casualty events. Last month, OpenAI went to trial after Elon Musk, one of its co-founders and competitors, sued the company and Altman alleging they violated a promise to keep the company a nonprofit. The case wasultimately tossed outafter a jury and judge found Musk was beyond the statute of limitations when he filed the case in 2024. OpenAI has also faced criticism after its president Greg Brockman and his wife each donated $12.5 million toLeading the Future, a pro-AI PAC dedicated to thwarting local politicians advocating for AI regulation. They made similar contributions to MAGA Inc., the pro-Trump super PAC. OpenAI has tried todistance itselffrom its president’s “personal” donations, claiming that none of the funds were provided on behalf of the company.
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As Apple WWDC 2026 approaches, the excitement is building around what Apple has in store for us this year. From Siri’s overhaul to new Apple Intelligence updates, there’s a lot to look forward to. The annual Worldwide Developers Conference kicks off today at 10 a.m. PT/1 p.m. ET. For those eager to tune in, the event will be streamed live via theApple Developer app,Apple’s website, and theAppleYouTube channel. The most anticipated announcement is a major AI upgrade to Siri, transforming it into a more conversational assistant capable of understanding context, handling multi-step tasks, and interacting more naturally across apps and services. The revamped Siri will leverageGoogle’s Gemini technologyto enhance its capabilities. Additionally, recent leaks from Bloomberg have unveiled astandalone Siri appthat aims to compete with advanced AI chatbots like ChatGPT, Claude, and Gemini. Apple may also introduce a feature reminiscent of messaging apps, enabling users to set timers forautomatically deleting conversationsafter 30 days, a year, or keeping them indefinitely. According toThe Information, Apple plans to introduce an AI agent integration with the app store. While details are scarce, agents allow users to delegate tasks such as booking reservations, managing everyday tasks, editing documents, or controlling smart home devices. A new “Visual Intelligence” section isanticipatedto be introduced within the Camera app, taking the place of the previous Visual Intelligence feature found in the Camera Control button. This upgrade will introduce a dedicated Siri mode that exists next to options like Photo, Video, Portrait, and Panorama. The Visual Intelligence feature leverages Google Image Search to accurately identify objects captured by the user. In addition, the Photos app is set to receive exciting enhancements powered by Apple Intelligence. These may include intelligent scene recommendations for optimizing photos, automatic object removal for cleaner images, and an innovative AI photo editing feature that allows users to request edits simply by using natural language, new productivity functionalities in visionOS. Apple is set to upgrade the Image Playground app, introducing higher-quality image generation, more artistic styles, better character consistency, and richer editing controls. The interface for creating new images will be simplified, offering fewer controls and a “describe a change” option for editing. Additionally, we might see a suggested Genmoji feature that proposes custom emojis based on users’ media and text interactions. Users may also be able to generate AI wallpapers that reflect various themes and moods. Notable updates are rumored to be coming to the Wallet app, particularly a new bill-splitting feature that will simplify sharing expenses among friends or family. Users will be able to photograph a receipt and generate payment requests to different parties effortlessly. Alongside this, the Wallet app will also include a “Create a Pass” option that enables users to generate digital passes from physical items such as movie tickets, concert passes, or gym membership cards. Apple is expected to enhance its AI-powered Siri experience across its devices, as well as likely incorporate more AI features and stability updates. Keep tabs on everything that Apple reveals via the embed above, and see just how many of the expected announcements end up becoming a reality, and whether the much-anticipated Siri update really does live up to the hype.
On Monday, Amazonintroduceda new feature that allows anyone to design merchandise using AI, posing an expanded challenge to online merch platforms like Redbubble, Bonfire, Spring, Fourthwall, and others. The company announced that people are now able to create new products using AI prompts via the Alexa feature in its Shopping app. In doing so, anyone can turn their idea into a design that can be featured on items from apparel to tumblers and more available through Amazon’s print-on-demand service, Merch on Demand. The service could be useful for printing one-off designs — like T-shirts for a family reunion, a personalized gift of some type, or to create products featuring a portrait of your dog, Amazon suggests. (Artists whose work has been used to train AI models may be less enthusiastic about this type of idea, of course.) After prompting to create the design, Amazon handles the production and delivery of the items through Prime shipping, the company says. The move puts AI-generated merchandise directly inside Amazon’s Shopping app, lowering the barrier for consumers who want to turn ideas into physical products but lack traditional design skills. While typically, print-on-demand businesses have catered to creators and various organizations, Amazon’s new feature could make AI-designed merchandise become just another shopping option. Currently, the option is only available in the U.S., Amazon notes. It is free to use the feature, as customers only pay for the products themselves. To use the feature, customers will tap the Alexa icon in the bottom right of the Amazon Shopping app or search “customize” in the search bar and click the drop-down option. This will take them into an experience where users can describe their idea to Alexa and see the design generated. Users can then edit the design by clicking on suggested actions or by typing in changes. Results can be shared with friends or family, allowing everyone to add the product to their own Amazon shopping carts. The full list of supported merchandise includes T-shirts, V-necks, long-sleeve shirts, polo shirts, quarter zips, jerseys, hoodies, sweatshirts, tank tops, raglans, tumblers, and water bottles.
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Apple’s WWDC 2026 event kicked off this morning at 10 a.m. PT at Apple Park, starting a weekfull of expected announcements around Siri, iOS 27, Apple Intelligence and more, along with developer events and demos. This year’s event is particularly notable for a couple things. It marks CEO Tim Cook’s last with the company, afterannouncing he’s handing things off to Senior Vice President of Hardware Engineering John Ternus September 1. And it’s expected to play host toApple’s attempt to give Siri and its AI efforts overall a big boostafterhanding some work off to Googleanddelaying some releases. Are they succeeding? Keep tabs on this page, and the rest of our ongoing coverage, to find out! As expected, Apple made the case for an improved experience with its longstanding Siri assistant, which it admitted faces greater expectations from users in the age of AI. With Google Gemini under the hood, Apple claims that the new Siri updates will more it more capable, conversational, compatible with visual intelligence, and it will be housed in a standalone app in addition to working across existing apps. Before rolling out the enhancements and features, Apple was adamant about its privacy-centric approach to AI. “We believe privacy in AI is non-negotiable,” Apple Senior Vice President Craig Federighi said during the stream, going so far as to say that “data is only used to execute your request, and outside experts can continue o verify this promise at any time.” If you were among those who weren’t exactly keen on last year’s Liquid Glass design updates,you weren’t alone. And while Apple isn’t switching to a new aesthetic,you are going to be able to dial back some of its elements, or really highlight them if you’re vibing with it.And for the app icon critics out there fresh from Spotify’s disco ball update, Apple showed off a new, layered approach to Liquid Glass within its apps. Claiming that its upcoming update will be “available to more users than any iOS release ever,” Apple revealed that all devices from the iPhone 11 onward will be eligible for their upcoming software update. And that update comes with a flurry of performance improvements it’s touting across a number of its OS releases this year, with Apple claiming that new photos will appear 70 percent more swiftly, AirDrop transfers will be 80 percent faster and CPU schedulers will be improved to help multitasking. And for everything else that’s coming around the bend, you can stay tuned right on this page and watch the full event via the stream above oron Apple’s YouTube page right here.
Two years after promising but failing to launch a smarter Siri, Apple unveiled its overhauled AI-powered assistant at its Worldwide Developers Conference, WWDC 2026, on Monday. The idea behind the new “Siri AI,” as it’s called, is to turn Siri from a voice-controlled assistant into an AI companion that can do a lot more. The new assistant will launch alongside a dedicated Siri app. The new Siri can draw on current world knowledge to ground its answers to your questions. The updated assistant will also be able to access information on a user’s device and respond based on what’s displayed on their screen. The tech giant is transforming Siri into a full-fledged conversational AI chatbot to take on popular platforms like ChatGPT, Claude, and Gemini. The update marks a major change for Siri, which has until now been known as a voice assistant. When users ask for information, Siri will display text cards with results, like information from the web or details from text messages. The assistant has also been redesigned for modern iPhones, as it will live in the Dynamic Island. Currently, when you trigger Siri, your side of the phone’s screen glows. With the updated Siri, there’s a new animation in the Dynamic Island instead. The new “Write with Siri” option will let users get help writing text. When you write with Siri in Mail and Messages, the assistant can reflect how you usually communicate with a specific colleague or friend. For example, if you normally send your manager quick and direct bulletin, that’s what you’ll get when you draft an email with Siri. You can swipe down from the dynamic island to search or to start a conversation with Siri by typing, and say “Hey Siri, or use the side button to get an in-depth answer. Users will be able to ask Siri to perform more complex tasks, like writing messages, by giving it specific information and topics to cover. Siri will be able to pull in information from the web and previous emails, along with details from the user’s calendar, contacts, and more. The tech giant also says Siri has a brand-new voice experience, while also being able to speak at a customized pace and expressivity. Additionally, there’s an update to system-wide dictation with a boost in accuracy, as it’s more precise in capturing what you say, from spelling to punctuation and capitalization. With Siri AI, you can ask for an in-depth plan, go back and forth, create a brainstorming session, get feedback on a document, and more. Over on macOS, you can tap into Siri from anywhere, as the company is integrating the assistant into Spotlight, which can now find answers to questions as well. On watchOS, users can ask questions and take action right from their watch.
The company plans to expand its R&D team in India over the next 12 months to meet rising demand for investigative analytics.
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The facility, located in Santa Clara, will focus on building and deploying AI-driven workflows across agentic, kinetic and physical AI use cases.
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The AI Interview Prep system supports over 25,000 roles across companies.
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As enterprises race to build AI-native architectures, the debate is no longer whether to automate, but how much.
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The deal will see TCS modernise Canada Life's infrastructure operations across Europe using AI-led automation, data centre modernisation, and software lifecycle management services.
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LG Electronics will use NVIDIA Isaac Sim and Isaac Lab to simulate, train, and validate household robots before deployment.
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The leadership-led initiative aims to democratise AI capability, accelerate innovation culture, and prepare the workforce for the future of intelligent enterprises.
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