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

Top stories today:
- Anthropic’s Mythos said to get public version on Tue.
- OpenAI files confidentially for IPO but keeps timing open
- Apple unveils AI-powered Siri, overhauls Apple Intelligence
- Databricks seeks funding at up to $165B+ valuation
- Perplexity eyes 2028 IPO regardless of OpenAI, Anthropic
- 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.
Markets price a 70% chance of the new model being released today:
Expected to come with substantial guardrails and is deliberately different from the version available through Project Glasswing.
Won’t include the same level of cybersecurity capabilities available to Glasswing participants.
Claude Fable 5 could be the name of the new model.
Separately, Mythos Preview can exploit known vulnerabilities in hours rather than weeks, Anthropic researchers said.
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3. OpenAI files confidentially for IPO but keeps timing open
OpenAI also plans a tender offer to let employees sell shares at its current private valuation and ease liquidity pressure.
Goldman Sachs and Morgan Stanley are among the banks working with OpenAI on the IPO.
OpenAI is entering a “third phase” focused on AI research automation and personal AGI, Sam Altman and Jakub Pachocki wrote.
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When the meeting ends, Granola uses your notes to generate clearer summaries, action items, and next steps, all from your point of view.
Then comes the powerful part: you can chat with your notes. Use Recipes (pre-made prompts) to write follow-up emails, pull out decisions, prep for your next meeting, or turn conversations into real work in seconds.
Think of it as a super-smart notes app that actually understands your meetings.
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5. Apple unveils AI-powered Siri, overhauls Apple Intelligence with new architecture
Apple stock closed -2% Mon. on the announcements:
A new Siri app provides access to conversational history across devices.
Visual Intelligence adds a Siri mode to the Camera app.
Google and NVIDIA are helping power Apple Foundation Model Cloud Pro.
12GB+ RAM is required to access Apple’s most powerful on-device AI features.
The new Siri comes with on-screen awareness and personal context understanding
A Dynamic Island-based interface comes with the new Siri experience.
Siri AI will be delayed in the EU for iOS 27 and iPadOS 27 and won’t be available in China at launch.
Separately, Apple announced new parental controls, including website and contact approvals for kids.
The first iOS 27 beta hints at Apple’s foldable iPhone, with references to folding hardware and flexible displays.
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

75% of ARR comes from enterprise customers.
Enterprise ARR grew 3x QoQ in Q1.
Anthropic and OpenAI are putting increasing pressure on Cursor.
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
Amazon signs multibillion-dollar fiber deal with Corning.
Alibaba, Baidu added to Pentagon’s China military list.
Alibaba, CXMT launch $577M hard tech fund.
Bending Spoons files for IPO, reports $27.5M profit.
Tech & Law
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
U.S. politics
Becerra, Hilton advance in California governor race.
H-1B $100K visa fee order struck down by judge.
World
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