GoKawiil
Tech News
OpenAI CEO Sam Altman told Fortune that taking the company public in 2026 would be premature, effectively ruling out an IPO for that year. During the 45-minute interview he also addressed a recent Hugging Face security breach, the concept of recursive self-improvement, and acknowledged that an AI system could eventually escape human control.
Dario Amodei published an essay calling on AI companies to deliberately pace the advancement of model capabilities rather than halt progress altogether. His plan includes granting third-party evaluators employee-level access to verify safety practices, coordinating safety standards among AI firms in democratic nations, and eventually extending that coordination to include authoritarian governments. Anthropic says it has already unilaterally adopted the first step.
Nscale, a UK-based AI data center company, has named Fidji Simo, who recently departed OpenAI's No. 2 role, to its board of directors. She joins other prominent tech figures including Sheryl Sandberg, Susan Decker and Nick Clegg as the company prepares for a possible public listing this fall.
Fidji Simo, a former OpenAI executive, has taken a seat on the board of Nscale, a startup that builds data centers for AI workloads and has raised billions in funding. The move comes as Nscale reportedly prepares for an eventual public listing.
Smart-ring maker Oura revealed financial details as part of its move toward going public, showing it has become profitable. The company reported 74% revenue growth for the nine months ending in June compared with the prior year.
Moonshot AI, a Chinese artificial intelligence startup, has confidentially submitted an IPO application to the Hong Kong stock exchange, according to people familiar with the matter. Details on the size of the offering or timing were not disclosed.
Shein Global Holdings finally went public via a Hong Kong listing after previous attempts to list in New York and London fell through. Shares dropped as much as 9% in early trading before clawing back to roughly their IPO price by the end of the session.
DeepSeek, the AI lab founded by Liang Wenfeng, has relied on his hedge fund High-Flyer Quant for early funding and computing power, but is now courting outside investors as its needs expand. Meanwhile, High-Flyer's affiliates have taken sizable pre-IPO stakes in Chinese hard-tech firms like memory chipmaker CXMT and robotics company Unitree, even as volatility in AI and chip stocks has hit the fund's returns.
Chris Malone, who led OpenAI's data center operations, has exited the company. His departure adds to a growing list of senior executives leaving OpenAI as it accelerates infrastructure spending and moves toward a possible IPO.
Smart ring maker Oura is said to be planning a U.S. IPO as soon as next month, aiming to raise up to $3 billion at a valuation exceeding $16 billion, according to Bloomberg. That figure would nearly double the $10.9 billion valuation the company received in its September Series E round, with existing investors expected to sell a significant portion of shares in the offering.
A financial disclosure shows President Trump bought as much as $50,000 in SpaceX shares on June 23, two weeks after the company's IPO. The purchase came after shares had already dropped from highs above $200 to the mid-$150s, and by Monday's close the stock had fallen further to its $135 IPO price, potentially leaving Trump's stake at a loss.
Shein Global Holdings, the fast-fashion company founded in China and now headquartered in Singapore, is preparing to go public on the Hong Kong stock exchange next month. The IPO comes after the company shifted away from earlier plans for a US or London listing, and it is expected to price well below the valuation once floated for those attempts.