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OpenAI Joins Race for Public Market Cash

OpenAI has joined AI rivals with plans for a public listing later this year after the ChatGPT maker confidentially filed its S-1. This comes as the AI IPO pipeline has now reached some $3.6 trillion. However, according to PitchBook research, OpenAI may end up being the most expensive bet. Harrison Rolfes, senior analyst for PitchBook's private company coverage, joins Caroline Hyde on "Bloomberg Tech."

Read more: OpenAI Joins Race for Public Market Cash
Bloomberg

SpaceX IPO 'Watershed' Moment for Markets, Says Ives

Dan Ives, Global Head of Technology Research at Wedbush Securities, says that the SpaceX IPO expected later this week will be a "watershed" moment for markets. SpaceX, which is officially known as Space Exploration Technologies Corp., is preparing for an IPO that would value the company at about $1.8 trillion. Anthropic raised funds at a $965 billion valuation last month.

Read more: SpaceX IPO 'Watershed' Moment for Markets, Says Ives
Bloomberg

Apollo, Blackstone Fund AI Boom

Apollo and Blackstone are teaming up on a massive $35 billion AI financing deal that could reshape how artificial intelligence infrastructure gets funded. Bloomberg's Emily Graffeo joins Bloomberg Open Interest to explain why Wall Street is creating new financing models for expensive AI chips, how Anthropic and Broadcom fit into the deal, and why this could be the beginning of an entirely new AI investment category.

Read more: Apollo, Blackstone Fund AI Boom