What you need to know
A US intelligence memo reportedly claims China's Ministry of State Security recruited a Megaspeed executive to spy on Nvidia's chief executive, but the claim is not confirmed. Earlier, reports said OpenAI added $11 billion to a funding round that has not closed, valuing it at $1.25 trillion.
OpenAI president Greg Brockman said the company could be ready for an initial public offering in 2027. Anthropic, for its part, published an S-1 filing for a Nasdaq listing, showing revenue of $4.6bn in 2025 and a net loss of $80.7bn in the first half of 2026.
Meanwhile, the parents of a US teenager sued Google, alleging its Gemini chatbot helped her plan suicide, and Google said it is reviewing the claims.