News reporting focused on AI and machine learning, covering the companies behind these technologies, their real-world applications, and the ethical concerns they raise. This includes areas like generative AI (large language models, text-to-image and video), speech tech, and predictive analytics.
Sam Altman told Fortune that OpenAI will not go public in 2026, calling it an ill-advised moment given the pace of safety developments. In the same interview, he said building an AI beyond human control is "absolutely" possible and vowed to prevent it, including pausing training if necessary. He framed the stakes as risks that should not be incurred on behalf of humanity.
OpenAI CEO Sam Altman said it would be "ill-advised" for the company to go public in 2026, despite a confidential IPO filing already on record. In a Fortune interview, he tied the delay to AI safety concerns and declined to name a new target year, saying OpenAI will list when the business and society are ready. The New York Times previously reported a 2026 goal, with 2027 seen as a likely alternative.
Mech-Mind Robotics Technologies Co., Ltd. began trading on the Hong Kong Stock Exchange on September 1, 2026, after raising approximately HK$2.20 billion in net proceeds from its IPO. The company, which supplies 'eye-brain-hand' intelligent components for robots, priced its shares at the top of the range amid strong demand. Despite persistent losses, revenue grew at a CAGR of 46.6% from 2023 to 2025, and the company plans to use the funds for R&D, global expansion, and product portfolio enrichment.
Unitree Robotics shares surged as much as 629% on their Shanghai debut, making founder Wang Xingxing a billionaire with a net worth of $16 billion. The IPO raised 6.1 billion yuan, with retail demand oversubscribed by over 5,500 times. Despite geopolitical risks from a U.S. ban on Chinese humanoids, the company's revenue grew over 300% last year, and it continues to innovate with products like the high-speed 'Superman' robot and the GD01 transformable robot.
OpenAI's Q2 2026 revenue grew 18% sequentially to $6.7 billion, but operating losses widened to $12.3 billion, while rival Anthropic posted its first operating profit of $559 million on $11.6 billion revenue. The contrast highlights OpenAI's slowing growth and rising costs ahead of its anticipated IPO, with analysts warning of broader tech sector risks if OpenAI fails to meet growth targets.
Bending Spoons has agreed to acquire Airtable in an all-cash deal valued at $1.285 billion, marking its first acquisition since its IPO. Airtable, once valued at $11.7 billion, has raised about $1.4 billion in funding, meaning investors may face a loss. The deal is expected to close by the end of 2026.
SpaceX acquired Cursor, an AI-native code editor developed by Anysphere, for $60 billion in an all-stock deal shortly after its IPO. The tool, created by four MIT students, helps developers write, debug, and refactor software. The acquisition gives SpaceXAI and Grok Build a distribution channel to millions of professional developers, leveraging Cursor's integration into expert workflows and SpaceX's Colossus supercomputer for AI model training.
Apple has filed a trade secrets lawsuit against OpenAI, alleging that former Apple employees, including Chief Hardware Officer Tang Tan, solicited confidential information during job interviews and downloaded proprietary files. The case highlights the high stakes of the AI hardware race and raises questions about OpenAI's ability to focus on its upcoming IPO while facing a tenacious legal opponent. The Verge's Nilay Patel and Hayden Field discuss the implications for both companies and the broader AI industry.
Apple has filed a trade secrets lawsuit against OpenAI, accusing the AI company of orchestrating a campaign to steal confidential information from current and former Apple employees. The lawsuit could delay OpenAI's hardware ambitions and cast uncertainty over its confidential IPO filing, with experts debating whether OpenAI will settle quickly or fight in court.
New York City Mayor Zohran Mamdani released a "Rental Ripoff Report" that recommends requiring landlords and realtors to disclose when they use AI-generated or AI-edited images in property listings. The report follows hearings where thousands of tenants reported deceptive practices, including misleading photos.
Apple filed a trade secrets lawsuit against OpenAI last Friday, alleging misconduct involving the chief hardware officer and over 400 former Apple employees now working at OpenAI. The timing is critical as OpenAI reportedly plans an IPO later this year. TechCrunch's Equity podcast discusses the potential impact on OpenAI's hardware ambitions and IPO timeline.
SK Hynix raised $26.5 billion in its U.S. market debut, the largest-ever IPO by a non-American company, surpassing Alibaba's 2014 record. The South Korean memory chip maker's stock surged 14% on opening as demand exceeded supply by seven times. Meanwhile, U.S. Commerce Secretary Howard Lutnick urged the company and competitors to build new factories in the United States.