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OpenAI “on track” to unveil first device in H2 2026, exec says

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Top stories today:

  1. OpenAI “on track” to unveil first device in H2 2026, exec says
  2. Anthropic said to raise $25B+ as Sequoia joins GIC, Coatue-led round
  3. ElevenLabs said to seek new funding at $11B valuation
  4. OpenAI compute +9x to ~1.9 GW as annualized revenue +10x to $20B+
  5. Elon seeks $79B-$134B damages from OpenAI, Microsoft
  6. ChatGPT ads to match conversation topics

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.

1. OpenAI “on track” to unveil first device in H2 2026, exec says

  • OpenAI chief global affairs officer Chris Lehane shared the timeline on Mon.

  • Lehane said “devices” are a major focus for OpenAI in 2026.

  • OpenAI is prototyping small, screenless devices, recent reports suggested.

  • “I will say we’ve been working with them,” Qualcomm CEO Cristiano Amon said, referring to OpenAI.

2. Anthropic said to raise $25B+ as Sequoia joins GIC, Coatue-led round with $1.5B each

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4. ElevenLabs said to seek new funding at $11B valuation

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