OpenAI has selected elite law firms Cooley and Wachtell, Lipton, Rosen & Katz to lead its preparations for a 2026 initial public offering, signaling a concrete step toward a public listing that could value the company at up to $1 trillion.
The US Commerce Department has confirmed a new, stricter framework for AI accelerator export controls, formally replacing the Biden-era AI diffusion rule and requiring government licensing for strategic AI chip shipments to most countries.
OpenAI has surpassed $25 billion in annualized revenue, driven by surging enterprise adoption and API usage, as corporate AI spending continues to accelerate across industries worldwide.
