From Mag7 to MANGOS
Source: Evan
OpenAI just pulled the trigger on what could become the biggest IPO in tech history.
The ChatGPT maker confidentially filed to go public. Potential valuation? 👉 Over $1 TRILLION. And the timing is wild. Within days: • SpaceX is preparing a massive IPO at a $1.78T valuation • Anthropic has already filed • Wall Street’s AI race just went fully public This isn’t just another tech listing. It’s the moment AI officially becomes the center of global capital markets. But here’s the fascinating part: OpenAI is still losing enormous amounts of money. Despite: • 900M+ ChatGPT users • Explosive revenue growth • Record-breaking fundraising • Massive investor hype The company continues burning billions on: • AI research • Data centers • Compute infrastructure • Talent wars And investors still can’t get enough. That tells you everything about where markets believe the future is heading. OpenAI says it “hasn’t decided on timing yet.” Translation: They want optionality. Stay private long enough to move fast… But be ready to tap public markets the second conditions are perfect. Meanwhile: • Elon Musk’s lawsuit against OpenAI was thrown out last month • Discussions with the US government are reportedly happening • Employees may soon get liquidity through a secondary sale This is no longer just a startup story. Source: FT
Who will be the world's first trillionaire?
Source: GURGAVIN
In case you missed it. Anthropic will reportedly release its new AI model “Mythos” tomorrow.
Source: Polymarkets money on X
ELON MUSK WILL VIRTUALLY ATTEND A CLOSED-DOOR ASML EMPLOYEE CONFERENCE TO DISCUSS TERAFAB
Here's what Terafab actually is: A SpaceX-Tesla joint venture to build cutting-edge chips for robotics, AI, and space data centers. Announced in March. A $55 billion chip factory planned in the US. Target: 2 nanometer chips at the cutting edge of current technology. The end goal: support a terawatt of computing power per year. Per Bloomberg, ASML considers Terafab a "serious endeavor" and its leadership has already held direct discussions with Musk on the project. Source: Evan
Highest Paid Fund Managers 2025
Source: SensaMarket
How to Actually Build an AI Agent (That Works in Production)
Source: Bekalu Tamene
Uber is limiting its employees to $1,500 in monthly token spending per artificial intelligence coding tool, Bloomberg reported Tuesday (June 2).
The limits apply only to agentic coding software, and they apply to each tool, so employees can spend $1,500 on each different tool, according to the report, which cited an Uber spokesperson. Uber provides employees with a dashboard on which they can track their usage of different tools, and it allows individuals to seek permission to exceed the limits, per the report. “We think this is all a pretty straightforward way to responsibly encourage agentic AI adoption and experimentation at scale across the company,” the Uber spokesperson said in the report. The limits were implemented in recent months after Uber used up its AI budget for the full year by April, the report said, noting that The Information reported that fact in April. In The Information’s report, Uber Chief Technology Officer Praveen Neppalli Naga, who shared the news about the AI budget, said the company was “back to the drawing board. Source: Pymnts
