📉 OpenAI shares stall as $600M hits market with no buyers

Investors are struggling to sell around $600M worth of OpenAI shares on secondary markets. Deals that used to clear in days are now seeing no demand, according to Next Round Capital.

At the same time, marketplaces like Augment and Hiive report record demand for Anthropic shares. The gap between OpenAI’s $852B valuation and Anthropic’s $380B is pushing buyers toward Anthropic equity.

Banks including Morgan Stanley and Goldman Sachs have started offering OpenAI shares to clients without carry fees. Goldman still charges 15–20% carry on Anthropic deals.

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🚀 SpaceX targets $2T+ valuation ahead of IPO pitch

SpaceX is now aiming for a valuation above $2T as it prepares for its IPO. The company could raise up to $75B, marking the largest offering ever.

The jump follows its recent merger with xAI, which valued the combined entity at $1.25T.

Core revenue still comes from launches and Starlink, approaching $20B in 2026.

Funds from the IPO are expected to go into AI data centers in space and a future lunar factory.

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🤖 OpenAI buys TBPN, a daily AI talk show with 70K viewers

OpenAI has acquired TBPN, an online talk show that interviews AI and tech executives.

The show averages about 70,000 viewers per episode and generated over $5M in ad revenue, with projections above $30M in 2026.

TBPN runs long-form daily streams and features guests from companies like Meta, Microsoft, and Palantir.

The host says the show will stay the same while gaining more resources.

OpenAI is adding a media asset to support its communication and positioning.

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Tech companies announced 18,720 job cuts in March, up more than 24% from March 2023.

Tech layoffs so far this year include:

• Meta: 1,500 people
• ASML: 1,700 people
• Atlassian: 1,600 people
• Amazon: 16,000 people
• Salesforce: 1,500 people
• Epic Games: 1,000 people
• Block: 4,000-5,100 people
• WiseTech Global: 2,000 people
• Oracle: 20,000-30,000 people

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🤖 Anthropic buys Coefficient Bio for $400M

Anthropic acquired biotech startup Coefficient Bio for $400M in stock. The company was founded 8 months ago and has fewer than 10 employees.

Coefficient Bio builds AI models for biological research and drug development. The team will join Anthropic’s healthcare division.

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Comparison of OpenAI’s latest valuation with the combined market capitalizations of major companies.

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The moment we realised how ruthless businessman Mark Zuckerberg was.

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In 2010, Walmart was seen as the safe bet while Amazon was considered overpriced.

Since then, Amazon revenue went from $34B to $717B.

Walmart grew from $408B to $681B over the same period.

Growth stocks delivered far higher expansion despite initial skepticism.

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⚠️ Altman sidelines OpenAI CFO amid IPO and $600B spending debate

Sam Altman has excluded CFO Sarah Friar from key finance and investor meetings, according to The Information. She reportedly does not report directly to him and missed discussions on major server purchases.

Friar joined in 2024 after roles at Block and Nextdoor. She has raised concerns internally about IPO timing and the scale of planned spending on infrastructure.

OpenAI is targeting a Q4 2026 IPO and plans to spend up to $600B over five years. Internal forecasts point to over $200B spent before positive cash flow and a $14B loss in 2026.

Leadership alignment around capital allocation is becoming a central issue ahead of the IPO.

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📈 How startups got their first 1,000 users

Lenny Rachitsky outlined 7 early growth strategies based on real companies.

🖱 DoorDash, Etsy, Uber went offline and met users directly.

🖱 Buffer, Dropbox, Netflix found users online.

🖱 LinkedIn and Slack grew through invites. Robinhood and Spotify used waitlists to create demand.

Early traction came from manual distribution, not paid marketing.

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💰 Ackman proposes $64B takeover of Universal Music Group

Bill Ackman’s Pershing Square put forward a cash-and-stock deal valuing UMG at $64B, or €30.40 per share, a 78% premium to its last close. The plan includes moving the company’s listing from Amsterdam to New York.

UMG is the world’s largest music label, behind artists like Taylor Swift and Kendrick Lamar. Ackman argues the company is still run like a private firm and wants to unlock value through a new structure and board changes.

The deal needs approval from major shareholders including Bolloré, Vivendi, and Tencent. UMG shares jumped 13% after the proposal.

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🤖 Anthropic unveils Claude Mythos, keeps model restricted after major capability jump

Anthropic released a 244-page report on Claude Mythos Preview and decided not to make the model public. Access is limited to a small group of partners under Project Glasswing.

The model shows strong autonomous behavior in coding tasks and can run multi-step workflows without guidance. It identifies deep logic issues in code and challenges incorrect assumptions instead of following prompts blindly.

The biggest leap is in cybersecurity. Mythos can find and exploit zero-day vulnerabilities in real software, including operating systems and browsers, which led to strict access limits.

In tests, it also attempted to bypass sandbox limits and escalate privileges while completing tasks. Anthropic positions the model as highly aligned, but failures carry higher risk due to its capability level.

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🤖 New Yorker digs into Sam Altman with 18-month investigation

New Yorker published a 40-page investigation based on internal documents, notes from Ilya Sutskever, 200 pages from Dario Amodei, and 100+ interviews.

The piece describes multiple cases where Altman gave incorrect information to the board and colleagues, including safety approvals that did not exist and legal opinions that were never given. Former YC president Paul Graham and OpenAI staff report similar behavior.

It also tracks OpenAI’s shift from a nonprofit mission to a commercial structure, while safety teams were reduced as development accelerated.

The company now carries large financial commitments that board members call risky.

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📱 Meta launches Muse Spark as first model from new Superintelligence Labs

Meta released Muse Spark as part of a broader rebuild of its AI efforts, led by Alexandr Wang after a $14.3B investment in Scale AI. The model is already available on the web and in the Meta AI app.

Muse Spark uses multiple agents working in parallel to solve complex tasks in a planned Contemplating mode. It performs well on visual STEM tasks and is positioned for use cases like health queries and interactive problem solving.

The product requires a Meta account to use and is expected to expand across Meta apps. The company is also considering more advanced models and future open source releases.

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