OpenAI files for IPO at $850B valuation

CNBC

Microsoft is in talks to supply its Maia AI chips to Anthropic after investing $5 billion in the company. The deal would help Microsoft compete with Amazon and Google in custom AI silicon as Anthropic struggles to meet surging compute demands from its popular Claude products.

CNBC

OpenAI is preparing to confidentially file for an IPO potentially in Q4 2024, valued at over $850 billion, as competition intensifies with Anthropic raising funds at a $900 billion valuation and pressure mounts to prove its business model amid historic cash burn rates.

OpenAI

OpenAI's new reasoning model reportedly disproved an 80-year-old mathematical conjecture by Paul Erdős, marking what the company claims is the first time AI has autonomously solved a prominent open problem in mathematics. This follows a previous false claim about GPT-5 solving Erdős problems, but this time OpenAI has secured validation from leading mathematicians.

Wall Street Journal

Anthropic's revenue is projected to more than double to $10.9 billion in Q2, approaching profitability with growth rates exceeding Google and Facebook's pre-IPO trajectories, though future profitability depends on managing escalating compute costs.

Ars Technica

Figure AI's week-long livestream of humanoid robots autonomously sorting packages went viral, though the promotional demo offers limited insight into real-world capabilities. The Figure 03 robots use neural networks trained on extensive human motion data to perform warehouse tasks.