Tags: initial public offering

Florida Attorney General James Uthmeier has opened a formal investigation into OpenAI and its ChatGPT chatbot, citing concerns about national security, data handling and potential real‑world harms. The probe, which may include subpoenas, comes as the AI firm prepares for a possible initial public offering and faces heightened scrutiny from regulators and investors. Read more

Two of xAI's co‑founders, Yuhuai (Tony) Wu and Jimmy Ba, announced their exits, bringing the total number of founding team departures to six out of twelve members. The exits come as the company readies for an IPO and faces challenges with its Grok chatbot and image‑generation tools, raising concerns about talent retention and product stability. Read more