IPO Fever Hits AI Markets

OpenAI is making its most dramatic strategic pivot yet — killing Sora, renaming its product team to "AGI Deployment," and narrowing Sam Altman's role — all to double down on coding and knowledge work. The message from every major lab is clear: forget the abstract AGI debate, the only AGI worth chasing is the one that reinvents how work gets done. In the headlines: IPO fever takes hold as SpaceX eyes a record-breaking offering, a pre-IPO AI ETF completely detaches from reality, and a federal judge takes the Pentagon to task over its fight with Anthropic.

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