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The Latest Breaking News from OpenAI

Anthropic has agreed terms for $30 billion funding deal at $900 billion valuation: FT

AI firm Anthropic is reportedly nearing a $30 billion fundraising round, valuing the company at $900 billion. This significant valuation surge, driven by rapid revenue growth and strong investor interest, positions Anthropic to potentially surpass rival OpenAI. The company is also expanding infrastructure partnerships and seeing increased customer adoption.

The Economic Times

Cerebras shares skyrocket in debut as AI mania grips markets

Cerebras Systems, a chip designer, saw its shares surge 89% on its Nasdaq debut, raising $5.55 billion. The company's innovative wafer-scale engine, designed for AI processing, attracted significant investor interest, with major clients like Amazon and OpenAI. This IPO highlights the booming market for AI-focused technology.

The Economic Times

New figures claim ChatGPT usage at 'all-time low' as "QuitGPT" movement dents popularity — with Gemini, Perplexity, and Copilot all stealing market share

ChatGPT’s referral dominance declined further while Gemini, Claude, Perplexity, and Copilot steadily gained traction across competing AI platforms.

TechRadar

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Claude is telling users to go to sleep mid-session and nobody, including Anthropic, seems to fully understand why it keeps doing it

A staff member at Anthropic called the behavior, a “bit of a character tic.”

Fortune

‘You are not excused’: Elon Musk flew to China with Trump without telling the federal judge who is waiting to recall him to the witness stand

Didn’t ask for permission.

We Got This Covered

OpenAI explores legal options against Apple: Report

OpenAI's partnership with Apple is facing difficulties. The AI firm reportedly feels it has not received expected benefits from the deal. OpenAI is now exploring legal options, including a breach of contract notice. This comes as Apple plans to integrate other AI models, potentially reducing OpenAI's exclusive role. Apple's upcoming…

The Economic Times

Musk lawyers accuse OpenAI of deception in close of mega-trial

The OpenAI megatrial is wrapping up.

Axios

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Microsoft made $30 billion from OpenAI in 2 years — but somehow burned through $100 billion in costs to get there

Microsoft has reportedly spent more than $100 billion on its partnership with OpenAI, largely on infrastructure and hosting costs.

Windows Central

High-stakes courtroom drama of Musk v OpenAI hears closing arguments

Nine-person jury to consider whether AI firm bilked world’s richest person and unjustly enriched themselves

The Guardian - US

Musk, OpenAI lawyers begin closing arguments in landmark trial that could shape AI's future

Lawyers for Elon Musk and OpenAI began closing arguments Thursday in the landmark trial whose outcome could shape the future of artificial intelligence

The Independent UK

Microsoft Stock Is a Buy as Its AI Business’ Annual Revenue Run Rate Swells

Wedbush says a silver lining of the new Microsoft-OpenAI deal terms is that Microsoft will get paid sooner.

Barchart

Cerebras’ blockbuster debut shows the AI infrastructure boom is far from over

The offering is one of the largest U.S. tech IPOs in years and is seen as a wider stress test for a wave of AI listings Wall Street is bracing for later in the year.

Fortune

OpenAI Hit With Class Action Lawsuit Over Claims ChatGPT Secretly Shares Sensitive User IDs And Data With Meta and Google

OpenAI faces another California lawsuit alleging ChatGPT user data was shared with Meta and Google, days after a separate suit linked ChatGPT to the FSU shooter.

International Business Times UK

Elon Musk Becomes Viral Sensation In China After He’s Spotted Making Goofy Move While On State Trip

“I love how Elon Musk is not like those bureaucrats in suits.”

Bored Panda

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PC Gamer

University graduate speaker met with boos for saying AI 'is the next industrial revolution, then cheers for saying 'only a few years ago, AI was not a factor in our lives'

You're saying boo-urns, right?

International Business Times

OpenAI Floats Global Body Focused On AI Safety Including U.S., China

Chris Lehane, OpenAI's vice president of global affairs, said the company supports the creation of a global body focused on AI safety.

Barchart

Cerebras Stock Just Hit the Markets in the Largest IPO of 2026. Nvidia Investors, Be Warned.

The success of the Cerebras IPO, and particularly in the last-minute attempt by Arm to acquire the company prior to its debut, highlights just how strategic it is.

The Economic Times

Elon Musk's court battle against OpenAI enters homestretch

A crucial trial involving Elon Musk and OpenAI is concluding. Musk accuses OpenAI leaders of betraying its founding mission for personal gain. Lawyers are presenting closing arguments. The jury's decision could significantly impact OpenAI's future. The case highlights public concerns about AI's growing influence and potential risks.

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The Independent UK

Elon Musk joined Trump’s China trip amid OpenAI trial closing arguments

IN FULL

The Independent UK

Musk flew to China with Trump despite OpenAI trial judge’s recall warning

‘A typical witness would not leave the country if they were subject to recall,’ a legal expert said

TechRadar

OpenAI replaced GPT-4o, but some users still refuse to let it die — now they’re celebrating its ‘birthday’ in Times Square with a video billboard

Fans of retired OpenAI model GPT-4o organized a birthday tribute for the chatbot in Times Square, and they still want it back.

The Economic Times

Anthropic overtakes OpenAI in enterprise artificial intelligence race

New data reveals Anthropic has surpassed OpenAI in enterprise AI spending, with 34.4% of surveyed companies paying for its products in April. This shift is largely driven by demand for Anthropic's AI coding assistant, Claude Code, marking a significant disruption in the market.

The Economic Times

US chip start-up Cerebras to raise $5.5 billion in IPO

Cerebras Systems is set to launch its IPO on Wall Street at $185 per share, aiming to raise approximately $5.5 billion and valuing the company at over $55 billion. This marks the largest US IPO this year, with the chip startup specializing in wafer-scale processors crucial for AI development.

The Economic Times

Microsoft eyeing startup deals for life after OpenAI

Microsoft is actively seeking AI startups for potential acquisitions. This move aims to bolster its AI talent and develop a cutting-edge AI model independently. The company is reportedly in discussions with Inception, a startup focused on novel large language model development.

The Economic Times

Ex-Peak XV trio raises Mettle; Fintechs go licence hunting

Happy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and more in today's ETtech Morning Dispatch.

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