Sam Altman

Money Moves

Preparing OpenAI for its own IPO, targeted for late 2026

Anthropic offered employees up to $6 billion in liquidity through a tender offer at a $350 billion valuation — the same price as its February fundraising round. Employees mostly said no. The sale completed in early April well below its target because staff chose to hold their shares, betting that the company's planned initial public offering (IPO) later in 2026 will deliver a higher price.

Updated 4 days ago

Rule Changes

Named personally in multiple wrongful death lawsuits

Florida's attorney general announced a formal investigation into OpenAI on April 9, 2026, alleging that ChatGPT played a role in the April 2025 mass shooting at Florida State University that killed two people and injured five. Court records show the accused shooter entered more than 270 prompts into ChatGPT in the hours before the attack, including questions about how the country would react to a campus shooting, what time the student union is busiest, and how to operate his firearms. The investigation marks the first time a state attorney general has targeted an artificial intelligence company over an alleged connection to a violent crime.

Updated 5 days ago

Money Moves

Closed record $122 billion funding round at $852B post-money valuation; preparing Q3/Q4 2026 IPO filing

In October 2024, OpenAI raised $6.6 billion at a $157 billion valuation. Seventeen months later, on February 27, 2026, the maker of ChatGPT closed a record $110 billion funding round at a $730 billion pre-money valuation ($840 billion post-money)—the largest private capital raise in history. Amazon led with a $50 billion commitment ($15 billion upfront, $35 billion contingent on OpenAI achieving artificial general intelligence or completing an initial public offering by year-end), while Nvidia and SoftBank each committed $30 billion. On April 1, 2026, SoftBank delivered a second $10 billion tranche, expanding the total round to $122 billion at an $852 billion post-money valuation with participation from Andreessen Horowitz and D.E. Shaw Ventures. The deal includes expanded infrastructure partnerships: Amazon will provide $100 billion in additional Amazon Web Services compute services over eight years (on top of the existing $38 billion commitment), while Nvidia will supply 3 gigawatts of dedicated inference capacity and 2 gigawatts of training capacity using its Vera Rubin systems.

Updated Apr 1

Money Moves

Leading IPO preparations while managing infrastructure pivot

Four months ago, Sam Altman told the world OpenAI had $1.4 trillion in data center commitments. Now the company is telling investors the real number is $600 billion — and that it would rather rent computing power than build its own facilities. The retreat, disclosed to investors in February 2026 and detailed publicly on March 22, marks the sharpest pivot in the short history of the artificial intelligence spending boom.

Updated Mar 22

New Capabilities

Leading OpenAI's expansion into security and enterprise markets

For decades, finding security flaws in software has required either expensive human experts or pattern-matching tools that miss complex bugs. In the span of five months, all three frontier artificial intelligence labs — OpenAI, Anthropic, and Google — have released autonomous agents that read code like a human researcher, discover vulnerabilities traditional scanners miss, and generate patches. On March 6, 2026, OpenAI launched Codex Security in research preview, an agent that scanned 1.2 million code commits in its first month of beta testing and discovered 14 previously unknown vulnerabilities serious enough to receive formal identifiers in projects including OpenSSH, Chromium, and PHP.

Updated Mar 6

Rule Changes

Managing fallout from Pentagon deal backlash

For decades, the United States military chose its weapons contractors and the contractors complied. Artificial intelligence changed that equation. On March 3, OpenAI and the Department of Defense amended a freshly signed AI contract to explicitly ban the use of the technology for domestic surveillance of American citizens—a concession the Pentagon had refused to grant Anthropic just days earlier, triggering that company's blacklisting from all federal agencies.

Updated Mar 3

Money Moves

Leading OpenAI through expansion amid mounting losses

Three years ago, Anthropic had not yet earned a dollar in revenue. This week, it closed a $30 billion funding round—the second-largest private tech raise in history—at a $380 billion valuation. The company now generates $14 billion in annualized revenue, having grown tenfold in each of the past three years.

Updated Feb 13

New Capabilities

Leading Stargate infrastructure buildout

The White House mobilized America's 17 national laboratories and tech's biggest players—OpenAI, Anthropic, Google, Microsoft, NVIDIA—for what officials call the AI equivalent of the Manhattan Project. The Genesis Mission aims to double US research productivity in a decade by connecting supercomputers, quantum systems, and AI into one discovery platform. Energy Secretary Chris Wright announced 24 corporate partners at a January 11 summit, each signing up to cement American technological dominance. Days later, OpenAI and SoftBank committed $1 billion to a 1.2-gigawatt Texas data center, while NVIDIA's Jensen Huang unveiled hardware promising AI tokens at one-tenth the cost.

Updated Jan 13

New Capabilities

Leading OpenAI through intense competition and infrastructure challenges

OpenAI's GPT-5 dropped on August 7, 2025, completing AI's transformation from chatbots that string words together to systems that actually think through problems step-by-step. Google DeepMind's reasoning models won gold at the International Math Olympiad, solving problems only five human contestants cracked. Anthropic's Claude, Meta's Llama, and every major AI lab sprinted to build models that pause, plan, and reason rather than just predict the next word.

Updated Jan 8

New Capabilities

Competing directly as Google pushes Gemini into Search and developer defaults.

The rollout didn’t stop at “Flash is the default.” In the days after launch, Google filled in the missing contract with developers: Gemini 3 Flash Preview is now explicitly priced in the Gemini API, with context caching rates, batch pricing, and a clear note that Gemini 3-era Search grounding will begin billing on January 5, 2026.

Updated Dec 20, 2025

Money Moves

Driving OpenAI to lock in premium IP and consumer use cases as Sora scales.

Mickey Mouse just shook hands with the algorithm Hollywood spent two years trying to tame. Disney is investing $1 billion in OpenAI and letting Sora and ChatGPT Images legally pump out short videos and images starring more than 200 Disney, Pixar, Marvel, and Star Wars characters — but not the actors who play them.

Updated Dec 11, 2025