Tech & AI Roundup: June 1–13, 2026 — The Trillion-Dollar IPO Race, Anthropic's Fable 5 & India's AI Law Reckoning
We're a little late with this one — and a lot happened while we were away. In the first two weeks of June, OpenAI and Anthropic both filed to go public, SpaceX hit the Nasdaq, Anthropic opened its most powerful model to everyone, and India's IT minister said the country may need a brand-new AI law. Here's your catch-up.
Compiled from live news data by NewzAI · June 13, 2026
First, A Quick Apology
Our last digest landed on May 28, and we promised to keep the thread going. We slipped. The good news is that the two weeks we missed turned out to be one of the busiest stretches of the year for AI and tech — so think of this less as a weekly recap and more as a fortnightly download. If you read our May 22–28 digest on recursive self-improvement and Anthropic's Mythos models, the storylines below pick up exactly where that left off.
The Trillion-Dollar IPO Race Goes Public
The headline of the fortnight: the AI industry's biggest names are all rushing to Wall Street at once. Anthropic, the company behind the Claude Code assistant, said on June 1 that it had confidentially filed for a U.S. IPO — just weeks after raising $65 billion at a post-money valuation of $965 billion.
OpenAI followed on June 9, filing confidentially for an IPO that, according to Reuters reporting, could value the ChatGPT maker around $1 trillion, working with Goldman Sachs and Morgan Stanley. OpenAI told investors it generates over $2 billion in monthly revenue and has more than 900 million weekly ChatGPT users — yet does not expect to be profitable until 2030. Read on NewzAI →
Image credit: The Indian Express
Completing the trio, SpaceX — which we covered in depth in our SpaceX IPO explainer — made its market debut on Friday, June 12, pursuing a record $75 billion offering at a $1.75 trillion valuation. Bankers warn the three giant listings could soak up public-market capital that might otherwise flow to smaller deals. As D.A. Davidson's Gil Luria put it, "What OpenAI does not want is for the public market capital to exhaust itself."
Anthropic v. OpenAI: An "All-Out War"
The race to the public markets has turned a long-running rivalry into open conflict. Anthropic CEO Dario Amodei — a former OpenAI research VP who left in late 2020 to build a safety-first lab — and OpenAI's Sam Altman are now clashing on everything from release timing to accounting. "It's all-out war between these guys," Arena CEO Anastasios Angelopoulos told reporters. Read on NewzAI →
One flashpoint is how each tells its financial story. OpenAI has told investors that Anthropic's accounting overstates revenue by billions, because Anthropic books the full amount customers pay as revenue while OpenAI reports only net revenue after paying Microsoft. Anthropic says it follows established practice, recognizing gross revenue because it is the "principal" in the transaction. The bad blood is personal, too: at an AI summit in India in February, Prime Minister Narendra Modi urged the executives on stage to join hands — and, in a moment that went viral, Altman and Amodei, standing side by side, refused.
Image credit: The Indian Express
Anthropic Opens Fable 5 — A Restricted Mythos
Picking up directly from our May 28 thread on Anthropic's Mythos class, the company on June 10 made Fable 5 — a restricted version of Claude Mythos 5 — available to the general public. Anthropic says it is exceptionally good at writing and debugging code, answering complex research questions, and analysing images. Read on NewzAI →
The unrestricted Claude Mythos 5 stays gated behind the company's Project Glasswing programme, which expanded in early June to roughly 200 organizations across more than 15 countries. Anthropic restricts the full model on cybersecurity grounds, citing its ability to rapidly find vulnerabilities in critical infrastructure like banking platforms and power grids; cybersecurity and bio/chem queries get routed to the lower-tier Opus 4.8 instead. Fable 5 carries a steep price tag — $10 per million input tokens and $50 per million output tokens, double the cost of Opus 4.8. Notably, the security standoff has had real fallout: the Pentagon severed its contracts with Anthropic, whose tools had been the only AI to hold defense security clearance.
Image credit: The Hindu / Reuters
The Compute Land-Grab
Powering all these models is an arms race for data centres. The Information reported on June 12 that Anthropic has signed more than a dozen preliminary agreements to lease U.S. data centres with a combined capacity of over 1 GW, and is in talks for backer Google — which co-designs some of the server chips — to provide a financial guarantee for its lease payments. Alphabet planned to invest up to $40 billion in Anthropic, the startup said in April. Read on NewzAI →
The bills are eye-watering. Anthropic recently began leasing a data center from Elon Musk's xAI — part of SpaceX — for $1.25 billion per month. Despite exponential revenue growth, the company remains far from profitability and is paying a premium for computing power.
Safety Warnings — and Real-World Job Losses
Even as they race to ship, both labs sharpened their warnings about AI risk. On June 11, OpenAI predicted that recursive self-improvement — where AI designs and trains the next generation with little human involvement — could arrive by March 2028, while Anthropic called the scenario "plausible but uncertain" and warned of a possible "loss of control." Critics, including former Trump AI adviser David Sacks, dismissed it as "fear-mongering" and "pre-IPO marketing." Signal's Meredith Whittaker argued the real danger is "in the present" — job losses, surveillance and concentration of power. Read on NewzAI →
Whittaker's point isn't abstract. According to an NDTV report, AI has already driven more job cuts in 2026 than in the previous two years combined, with AI-linked layoffs accounting for roughly 40% of all cuts announced in May — up from just 7% in January. Read on NewzAI →
India Signals a New AI Law
Closer to home, Union IT Minister Ashwini Vaishnaw said on June 9 that India may need a dedicated AI law, because the world of AI is "very different from the world when the IT Act was enacted in 2000." Speaking to PTI, he said the government is consulting industry stakeholders and aims to "balance innovation and regulation in a manner that innovation keeps happening, while our citizens remain safe." Read on NewzAI →
Gadget Corner: Launches You Missed
It wasn't all boardroom drama. India's gadget calendar stayed busy through the fortnight (per Indian Express's June 12 roundup):
- TECNO POVA 8 — a cyberpunk-styled phone with a 6.76-inch FHD+ display, 8000mAh battery, 50MP Sony LYTIA 600 camera and three months of Google AI Pro, starting at ₹29,999 from June 18.
- ASUS Chromebook range — the CM32 Detachable (₹37,990), CM14 and CM15 (from ₹26,990), with ChromeOS and Google AI, landing June 19.
- Xiaomi TV FX Mini LED Series — QD Mini-LED 4K panels with Fire TV built in, from ₹29,999 for the 43-inch.
- Samsung Vision AI Big TVs — 75-inch-plus sets with an "AI Soccer Mode" timed to the FIFA World Cup 2026, plus an AI Companion bundling Bixby, Perplexity and Microsoft Copilot.
What to Watch
With SpaceX now public and both OpenAI and Anthropic in the IPO pipeline, the next test is investor appetite — whether the "trillion-dollar trio" can list without exhausting public-market capital. Watch for the size and terms of Anthropic's and OpenAI's offerings to become public, the rollout of unrestricted Mythos 5 under Project Glasswing, and the shape of India's proposed AI law. We'll be back on schedule for the next digest.
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OpenAI files for US IPO after Anthropic as AI giants head to public markets →
Anthropic opens Fable 5, restricted version of Claude Mythos 5, to public →
Anthropic v. OpenAI: Behind the bitter battle for the future of AI →