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Friday, May 22, 2026
OpenAI prepping IPO at $850B valuation
OpenAI is preparing a confidential IPO filing at an $850 billion valuation, expected within weeks. Cursor hit a $3 billion annual revenue run rate just before announcing a deal with SpaceX.
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Top Stories
CNBC
OpenAI is preparing to confidentially file for an IPO in the coming days or weeks at an $850 billion valuation, setting up one of the largest public offerings ever as it faces mounting pressure to prove profitability amid fierce competition from Anthropic.
The Information
Anthropic is reportedly negotiating to rent servers running Microsoft-designed AI chips, indicating potential infrastructure partnerships beyond traditional GPU suppliers.
Bloomberg
AI coding assistant Cursor reached $3B annualized revenue ahead of its expected acquisition by SpaceX, reflecting surging enterprise demand for AI development tools and validating the commercial viability of AI-assisted software engineering.
TechCrunch
Nvidia is expanding beyond GPUs into CPUs with its new Vera processor, designed specifically for agentic AI workloads and representing a potential $200B new market opportunity as the company faces intensifying competition from hyperscalers building proprietary chips.
OpenAI
OpenAI's Codex is now accessible via ChatGPT mobile apps, enabling users to manage AI agent workflows, approve tasks, and guide long-running coding work from their phones across multiple environments. The update includes Remote SSH support, programmatic access tokens, and HIPAA compliance for enterprise customers.
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Industry Voices
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