Sep 29, 2026
AI company Anthropic has informed its backers it will be profitable this quarter, marking its second consecutive profitable quarter as it prepares for a blockbuster IPO and moves to address investor concerns about cash burn at frontier AI companies.
Japanese AI startup Preferred Networks is planning to go public to raise funds for mass-producing its own chips, reflecting the rising costs and scale needed to remain competitive in the global AI chip race, according to CEO Daisuke Okanohara.
OpenAI has completed a $122 billion funding round—the largest in Silicon Valley history—valuing the company at $852 billion. The round includes $3 billion from retail investors and comes as the company prepares for an anticipated IPO later this year.