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Musk Loses, Apple Lags, Quantum Lies, AI Shifts, Pichai Stressed

OpenAI IPO Faces Uncertainty Amidst Shifting AI Landscape, Analyst Predicts

OpenAI's anticipated initial public offering (IPO) is facing potential headwinds, with NYU Stern marketing professor and tech analyst Scott Galloway suggesting the company might withdraw its listing plans. Galloway cited eroding competitive advantages and a "toxic shift" in brand perception as contributing factors, according to Fortune.

Galloway, speaking on Prof G Markets, assigned a "nonzero probability" to OpenAI pulling its IPO, despite industry forecasts for a resurgence in IPOs, potentially led by SpaceX and OpenAI. The Wall Street Journal had previously reported on the expected public listing.

Meanwhile, in other tech news, Alphabet is planning a significant increase in capital expenditure (capex), potentially doubling its spending to between $175 billion and $185 billion in 2026, according to Fortune. CEO Sundar Pichai and CFO Anat Ashkenazi revealed the plans during the company's fourth-quarter earnings call. This figure represents a substantial increase from the $91.4 billion spent in 2025 and the $52.5 billion in 2024. These capital expenditures are intended to fund data centers, servers, and power infrastructure to support the ongoing AI race.

IonQ, a publicly traded quantum computing company, is also under scrutiny following a report by short-seller Wolfpack Research, Fortune reported. Wolfpack, which is short IonQ's stock, alleges that the company misled investors about the organic demand for its quantum computing technology. The report claims IonQ did not disclose its dependence on "backdoor earmarks" inserted into the Pentagon budget by friendly lawmakers, which were subsequently canceled after Republicans gained control of Congress in 2025.

In other news, a US district judge has indicated that Donald Trump has not intervened in the Securities and Exchange Commission (SEC) lawsuit against Elon Musk, Ars Technica reported. The SEC lawsuit, filed in the final days of the Biden administration, seeks $150 million in disgorgement, plus interest, civil penalties, and an injunction blocking Musk from future wrongdoing. The complaint alleges that Musk quietly acquired a 9 percent stake in Twitter without making timely disclosures, allowing him to acquire over 70 million shares at an artificially low price.

Finally, the rise of open-source AI frameworks is impacting the tech landscape, according to Hacker News. The open-source framework OpenClaw, which allows users to run models like Claude and GPT-4 to control their computers, has become a popular application for Mac hardware. Users are reportedly buying Mac Minis specifically to run AI agents that automate workflows, suggesting a shift in how people are utilizing AI technology.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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DEVELOPING: Ringgit Plunges! Malaysia's Economy at Risk?
Business17m ago

DEVELOPING: Ringgit Plunges! Malaysia's Economy at Risk?

Despite recent declines, Malaysia's Finance Minister II, Amir Hamzah Azizan, maintains a positive outlook on the ringgit's potential amid ongoing economic growth, as reported from the Malaysia Economic Forum. This comes as the Novo CEO expresses confidence following a 20% stock plunge, highlighting market volatility. Broader market trends include sliding software stocks and UBS noting stock rotation as a sign of market broadening.

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Trump, Tech, and AI: Is This the End of the World As We Know It?
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Trump, Tech, and AI: Is This the End of the World As We Know It?

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Trump's Global Turmoil: Military Deploys Amid Probes & Border Chaos
World39m ago

Trump's Global Turmoil: Military Deploys Amid Probes & Border Chaos

Drawing from multiple news sources, recent events include privacy violations at Pinterest, criticism of Governor Newsom by Halle Berry, investigations involving Savannah Guthrie's mother and Peter Mandelson, backlash against Ms. Rachel, and concerns about AI's impact on jobs. Meanwhile, Russia's intensified attacks on Ukraine's energy grid have created a humanitarian crisis, and newly released documents from the Jeffrey Epstein case allege Prince Andrew's involvement in pressuring an exotic dancer, while a deadly attack in Nigeria, possibly linked to extremist groups, has prompted a US military response.

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Tech Triumphs & Turmoil: AI Stems Cells, Musk Stumbles, Mammoth DNA!
AI Insights41m ago

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Stocks Tank, Disney Shifts, and Olympic Dreams Begin
Business42m ago

Stocks Tank, Disney Shifts, and Olympic Dreams Begin

Multiple news sources report that a Nevada legislative committee, chaired by Assemblymember Howard Watts, will investigate the alteration of a key public record related to a Nevada OSHA inspection of Elon Musk's Boring Company, following concerns raised about the agency's handling of safety citations and a subsequent federal OSHA investigation. Watts aims for a third-party forensic audit to ensure transparency and accountability, particularly after a senior safety official admitted the document was altered but the agency couldn't identify the responsible party.

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Snap Struggles, Google's Gemini Soars, and Deep Tech Funds Boom
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Multiple news sources report that Pinterest fired two engineers for violating company policy by writing a script to identify and share the names of employees affected by recent layoffs, which impacted roughly 700 roles as part of the company's shift towards an AI-focused approach. The engineers' script improperly accessed confidential information to track employee removals from internal communication tools, raising privacy concerns and leading to their termination.

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World Reels: Hacking, Fallout Shocks, Kyiv Dark, and Protests Explode!
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Multiple news sources report that the CIA is ending its 60-year publication of the World Factbook, a popular reference manual providing detailed information on foreign nations' economies, militaries, and societies, due to a directive to focus on core agency missions and potential White House staffing cuts. Originally a classified document, the Factbook became a widely used public resource online, but the CIA has not commented on the decision to discontinue it.

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Super Bowl Ads, AI Brownies, and Streaming Wars Heat Up!
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Super Bowl Ads, AI Brownies, and Streaming Wars Heat Up!

Following Anthropic's Super Bowl ad campaign contrasting its ad-free approach with OpenAI's planned ad testing, OpenAI CEO Sam Altman criticized Anthropic's portrayal of OpenAI's advertising strategy as dishonest, asserting that OpenAI would never run ads in the manner depicted and that its ads will be clearly labeled and separate from user-generated responses. Altman acknowledged the humor in Anthropic's ads but questioned the company's decision to employ what he considers a misleading representation of OpenAI's advertising practices.

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