SpaceX’s planned Nasdaq listing under the ticker “SPCX” could become the biggest IPO ever, with reported valuations around $1.75 trillion to $1.77 trillion. Retail investors may receive an unusually large allocation, though analysts warn the shares could be volatile and overvalued.
Posts tagged as “Artificial Intelligence”
OpenAI said it has submitted a confidential S-1 filing, giving the ChatGPT maker the option to pursue an IPO. The move follows similar filings by Anthropic and SpaceX as major AI companies seek more capital for computing power and model development.
Apple announced Siri AI, a major update to its digital assistant that will use device data, cloud computing and the web to complete tasks and answer questions. The service will launch later this year in English but not initially in the European Union or China.
Nigeria’s military says it freed 360 people abducted by Boko Haram in Borno State, while local mediators say they secured the unconditional release of 416. Authorities said two infants died from exhaustion and harsh conditions during captivity.
Japanese police, volunteers, dogs and helicopters are searching for James “Weston” Higginbotham, a 20-year-old Auburn University student who disappeared near Kyoto while on vacation with his family. Severe weather and deep mud have hampered the search, but his family says there is still hope.
President Donald Trump signed an executive order creating a voluntary process for federal review of powerful AI models before release. The order focuses on cybersecurity and national security while avoiding mandatory licensing requirements for AI companies.
Anthropic has confidentially filed for a U.S. IPO, setting up a potential public-market debut near a $1 trillion valuation. The Claude maker is moving as OpenAI and SpaceX also prepare major listings.
Florida has become the first state to sue OpenAI and CEO Sam Altman over ChatGPT’s design and safety, alleging the company put profit ahead of user protection. OpenAI says it has built protections for minors into its products and is committed to improving safety.