IPO

In a two-hour span Wednesday, OpenAI announced its reasoning model autonomously solved an 80-year-old geometry problem while Anthropic reported it's on track for $10.9 billion in Q2 revenue with $559 million in operating profit—two years ahead of internal projections. The developments came alongside Nvidia's $81.6 billion quarter, Anthropic's $1.25 billion monthly SpaceX compute deal, and a White House AI executive order signing.