OpenAI Delays IPO to 2027 as Altman Holds Out for $1T
Sam Altman has rejected any sub-trillion IPO valuation as a nonstarter, pushing the listing to 2027 while SoftBank takes a 13% hit and SpaceX's stumbling debut makes the wait look smarter.
Articles Tagged "SoftBank"
Agility Robotics Goes Public in $2.5B SPAC Deal
Agility Robotics merges with Churchill Capital XI at a $2.5B valuation, becoming the first publicly traded pure-play humanoid robot company with robots already earning commercial revenue.
SoftBank Commits €75B to French AI Data Centers
SoftBank will build 5 GW of AI data center capacity in France for up to €75 billion, a phased commitment that would create the largest AI compute cluster in Europe.
Japan Forms $6B AI Alliance to Rival US and China
SoftBank, Sony, Honda, and NEC have formed Japan AI Foundation Model Development, backed by a $6.3 billion government commitment to build a trillion-parameter physical AI model on Japanese soil.
OpenAI's $122B Round Adds Retail Access Before IPO
OpenAI closed its funding round at $122 billion and $852 billion valuation on March 31, with $3 billion going to retail investors via banks for the first time.
Microsoft Picks Up 900 MW Texas Campus OpenAI Dropped
Microsoft signs a deal with Crusoe for a new 900 MW AI factory campus in Abilene, Texas, adjacent to the Stargate site Oracle and OpenAI walked away from three weeks ago.
OpenAI Seeks 50 GW Fusion Deal - Altman Steps Aside
OpenAI is in advanced talks to buy up to 50 gigawatts of fusion energy from Helion, the startup where Sam Altman holds a personal stake worth an estimated $375 million.
OpenAI Aims for AI Research Intern by September 2026
OpenAI's chief scientist Jakub Pachocki has laid out a two-stage plan to deploy an autonomous AI research intern by September 2026 and a full AI researcher by March 2028, backed by $1.4 trillion in planned compute spending.
Altman Pitches AI as Metered Utility Like Electricity
At BlackRock's Infrastructure Summit, Sam Altman laid out OpenAI's vision of selling AI compute by the token like a metered utility, backed by a $110 billion war chest and the Stargate buildout.
Oracle and OpenAI Scrap Texas Stargate Data Center Expansion
Oracle and OpenAI abandoned plans to expand their flagship Abilene data center from 1.2 GW to 2 GW after financing talks collapsed and a winter cooling outage strained relations with operator Crusoe.
Nvidia Rules Out $100B OpenAI Bet as IPO Nears
Jensen Huang confirmed Nvidia's $30B OpenAI investment will likely be its last direct equity stake, killing the $100B pledge as OpenAI races toward a public listing at a $730B valuation.
OpenAI Closes $110 Billion Round at $730 Billion - The Largest Private Deal in History
OpenAI has finalized a $110 billion funding round backed by Amazon, NVIDIA, and SoftBank, valuing the company at $730 billion pre-money. But $35 billion of Amazon's commitment hinges on an IPO or AGI milestone.
