A new Verasight survey finds 69% of Americans support forcing AI giants to hand over 50% of their stock to a public wealth fund, as Senator Bernie Sanders pushes the American AI Sovereign Wealth Fund Act amid warnings that AI could displace over 15 million U.S. workers.
Chinese AI startup MiniMax Group is raising up to $2 billion through share sales and convertible bonds in Hong Kong, as the company sells 35.6 million shares at a 9.9% discount, sending its stock down nearly 9.8%, while simultaneously offering HK$6.5 billion in zero-coupon convertible bonds due 2027.
OpenAI launches ChatGPT Work, a GPT-5.6-powered autonomous AI agent that executes complex multi-step tasks across email, Slack, GitHub, and calendars for all paid subscribers starting at $20 per month, intensifying a fierce enterprise AI race against Anthropic and Microsoft as OpenAI eyes an IPO valuation of up to $852 billion.
AI training startup Mercor is in talks to raise funding at a $20 billion valuation after doubling revenue to a $2 billion annualized run rate in just four months, while acquiring AI agent training company Deeptune — signaling a strong rebound after a turbulent early 2026 marked by a data …
Elon Musk publicly praises Anthropic as 'currently the leader in AI' while SpaceX locks the rival company into a massive $40 billion infrastructure deal, raising eyebrows over potential conflicts of interest and whether hosting a competitor's operations gives Musk's company unusual visibility into Anthropic's AI development.
OpenAI launches GPT-5.6 Sol, Terra, and Luna — boasting a 54% efficiency boost on coding tasks — as the $852 billion company battles rising competition from Meta and SpaceX while quietly filing confidential IPO paperwork with regulators.
AI chip startup SambaNova surges to an $11 billion valuation after raising $1 billion led by General Atlantic, with JPMorgan Chase deploying its systems and a U.S. IPO targeted for 2027 as it challenges Nvidia's dominance in the AI chip market.
OpenAI acquires Northslope, a Palantir-backed applied-AI firm, deploying hundreds of engineers directly inside client businesses to dominate enterprise AI implementation as competition shifts from model performance to real-world adoption.
OpenAI acquires applied AI firm Northslope to expand its team of engineers who embed directly with enterprise clients, signaling a major industry shift where AI companies are now competing head-to-head with traditional consulting firms to help businesses adopt and scale AI.
AI law startup Norm reaches unicorn status after raising $120 million in a Series C round led by Khosla Ventures, pushing its valuation to $1.2 billion as it disrupts traditional legal billing with AI agents supervised by human attorneys serving enterprise clients.