June 2026

SpaceX's initial public offering raised a record sum and saw shares rise 11 percent on their debut, paving the way for a wave of enormous offerings from OpenAI and Anthropic. The blockbuster stock market debut of Elon Musk's rocket company marks the largest IPO ever. Source Anthropic said it is taking its Claude Fable 5 […]

Jeff Bezos's Prometheus, a physical AI startup, has raised $12 billion in a new funding round that values the company at $41 billion. Prometheus aims to automate heavy engineering and drug design through what it describes as an "artificial general engineer" for the physical world. Source Theker has raised $85 million to manufacture reconfigurable factory

A former engineer at xAI is suing the company and SpaceX, alleging he was fired for raising safety concerns about Grok days before SpaceX's historic initial public offering. The lawsuit claims the engineer was terminated in retaliation for flagging AI safety issues with the chatbot shortly before the company went public. Source Amazon borrowed $17.5

Anthropic released Claude Fable 5, its first Mythos-class model available to the general public. The model comes with guardrails that block responses in high-risk areas including cybersecurity and biology. Fable 5 shows exceptional performance in software engineering, knowledge work, and vision tasks, according to the company, with its advantage over competing models growing as tasks

Tools for Humanity, Sam Altman's identity verification company, is conducting layoffs as it struggles to generate revenue, according to reports. The move comes as OpenAI, Altman's flagship company, moves toward an initial public offering. Source Apple is waiving cloud API costs for developers with fewer than 2 million first-time App Store downloads, betting that cheaper