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Anthropic’s Mythos said to get public version on Tue.

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Top stories today:

  1. Anthropic’s Mythos said to get public version on Tue.
  2. OpenAI files confidentially for IPO but keeps timing open
  3. Apple unveils AI-powered Siri, overhauls Apple Intelligence
  4. Databricks seeks funding at up to $165B+ valuation
  5. Perplexity eyes 2028 IPO regardless of OpenAI, Anthropic
  6. Cursor hits $4B ARR ahead of expected SpaceX acquisition

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. Anthropic’s Mythos said to get public version on Tue.

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3. OpenAI files confidentially for IPO but keeps timing open

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5. Apple unveils AI-powered Siri, overhauls Apple Intelligence with new architecture

Apple stock closed -2% Mon. on the announcements:

The new Siri comes with on-screen awareness and personal context understanding

Apple has cumulatively shipped more than 450M Apple Intelligence-capable iPhones through Q1

6. Databricks said to seek funding at up to $165B+ valuation, with IPO seen in 2027

  • $165B-$175B valuation could be achieved through the Series M funding round.

  • Final terms have not been set.

  • CEO Ali Ghodsi has reportedly indicated a potential 2027 IPO to investors after years of delaying a public listing.

7. Perplexity eyes 2028 IPO regardless of OpenAI, Anthropic

  • Perplexity CEO Aravind Srinivas revealed the company’s IPO plans.

  • “There will certainly be ripple effects if they don’t go well,” Srinivas said, referring to the upcoming OpenAI and Anthropic IPOs.

  • Both companies deserve their high valuations because “they are on the frontier,” he said.

8. Cursor said to hit $4B ARR ahead of expected SpaceX acquisition

9. China said to plan $295B AI data center investment over 5 years

  • Interconnected computing hubs are being planned under a new government blueprint.

  • 80%+ of tech would reportedly come from local suppliers such as Huawei.

  • A unified computing network would pool regional resources and expand access to high-performance computing.

  • The initiative is part of the “Six Networks” program announced earlier this year.

  • The proposed investment excludes spending by private firms such as Alibaba and Tencent.

10. Interesting videos, posts, and memes

11. Other headlines

AI

  • Google cuts AI Plus price to $4.99, doubles storage.

  • NotebookLM upgraded with Gemini 3.5, agentic AI.

  • State AI laws targeted in revived Trump admin effort.

  • Applied Digital signs $5.2B AI data center lease with U.S. hyper scaler.

  • Xiaomi unveils 1T AI model with 1K tokens/sec speed.

  • AI boom fuels Wall Street funding frenzy.

  • Athyna: Finance Experts for AI Training.*

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Tech

Tech & Law

  • Meta seeks contempt order against NSO.

  • Huawei faces replacement push across NATO networks: report.

  • Meta AI cleared in Italy antitrust probe.

  • Amazon gets FCC waiver on Leo deployment deadline.

Biotech

  • GSK expands oncology push with $10.6B Nuvalent acquisition.

  • J&J to buy cancer drug tech developer Firefly Bio for $1B.

  • Dementia’s other health crisis is caregiver burnout.

  • Osteoarthritis study challenges subtype theory.

  • Longevitix launches AI platform to tackle longevity data overload.

Business

  • Blue Owl fund raises $500M amid redemption pressure.

Crypto

  • FTX’s Sam Bankman-Fried applies for presidential pardon.

  • Strategy adds 1,550 Bitcoin after rare sale.

U.S. politics

World

  • Iran peace talks continue after Israel clashes subside: Trump.

  • Israel seeks influence over Iran peace talks.

  • Lebanon faces risk of renewed civil war.

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