Private market news feed.

OpenAI has announced a significant breakthrough on a longstanding mathematical problem that has remained unsolved for approximately 80 years, demonstrating the advanced reasoning capabilities of its AI models.

Source: The Guardian

SpaceX is planning to build a massive 10-gigawatt solar manufacturing facility near Austin, Texas, as part of Elon Musk's ambition to power AI data centers in space.

Source: bloomberg-tech

OpenAI generated nearly $6 billion in revenue in the first quarter, with growth partly attributed to strong adoption of its Codex coding tool. The figures highlight accelerating commercial momentum ahead of the company's anticipated IPO filing.

Source: The Information

OpenAI is preparing to confidentially file for an IPO as soon as Friday, following a judge's dismissal of Elon Musk's lawsuit against the company. The filing removes a key legal obstacle to OpenAI's public offering plans, though uncertainties around governance and Sam Altman's role remain.

Source: bloomberg-tech

Oura, the smart ring maker, has confidentially filed for an IPO following an $11 billion valuation, joining a surging 2026 IPO pipeline that includes SpaceX and OpenAI.

Source: bloomberg.com

Bolt Financial's CEO dismissed the company's entire HR department, stating they were 'creating problems that didn't exist.' The move signals a significant internal restructuring at the fintech firm.

Source: Mezha

OpenAI generated about $5.7 billion in revenue in the first quarter, nearly $1 billion more than archrival Anthropic generated in the same period. Anthropic’s annualized revenue, or the past month’s revenue multiplied by 12, recently neared $45 billion, according to a person with knowledge of the figures. OpenAI, in contrast, recently topped $30 billion in annualized revenue. Anthropic has also projected its revenue will more than double to nearly $11 billion of revenue in the second quarter alone, plus a nearly $600 million surprise operating profit.

Source: TheInformation

The Pentagon has selected Shield AI to integrate its Hivemind autonomous software onto the LUCAS kamikaze drone program, bringing AI-powered swarming capabilities to a low-cost drone initiative amid rising demand driven by the Iran conflict.

Source: CNBC

SpaceX is investing $2.8 billion to purchase gas turbines to power its AI data center operations, underscoring the company's significant push into AI infrastructure.

Source: WIRED

President Trump has signed an executive order to review fintech regulations, a move welcomed by crypto exchanges including Kraken and Ripple as a positive regulatory development.

Source: Benzinga

Colossal's CEO stated that the company's artificial womb technology for growing mammals is at the 'one-yard line,' signaling a major near-term milestone in its de-extinction and reproductive technology efforts.

Source: Decrypt

Anthropic expects to generate $559 million in operating profit at the end of the June quarter, becoming profitable on an operating basis for the first time. A spike in revenue will drive the profit swing, which will take place about two years earlier than it had forecast. Anthropic expects to generate $10.9 billion in revenue for the June quarter, up from $4.8 billion in the March quarter. The company generated about $4.5 billion in revenue last year.

Source: TheInformation