BigGo Finance
Facts
- HQ
- September 25
- Sectors
- Finance, Online platform
OpenAI Projects $2.5B Ad Revenue in 2026, Targets $100B by 2030, Debuting at Cannes Lions with ChatGPT Advertising
OpenAI announced its entry into the advertising industry at Cannes Lions, projecting $2.5 billion in ad revenue for 2026 and $100 billion by 2030, positioning ChatGPT as a competitor to Google and Meta. The company highlights a shift from the traditional attention economy to an intelligence economy, emphasizing targeted, decision-driven user queries.
Bipartisan Nonprofit RAISE US Launches with $500M to Retrain Workers for AI-Driven Economy in Four States
RAISE US, a new bipartisan nonprofit founded by Gina Raimondo and Eric Holcomb, has launched with over $500 million to fund education and training programs in Arkansas, Maryland, Utah, and Connecticut, aiming to help American workers adapt to AI-driven job changes. Partnering with major companies like Amazon and Microsoft, the group seeks to create new career pathways and policy incentives to prevent unemployment growth from destabilizing the economy and democracy.
General Intuition Raises $320M at $2.3B Valuation to Train Robotics AI with Video Game Data, Backed by Khosla, Bezos, Schmidt, and DeepMind
General Intuition raised $320 million at a $2.3 billion valuation, led by Khosla Ventures and backed by Jeff Bezos, Eric Schmidt, and Google DeepMind researchers, betting that video game footage with controller inputs can effectively train AI for robotics. Founder Pim de Witte declined a $500 million acquisition offer from OpenAI to focus on scaling the company using its unique dataset from gaming clips.
Eightco Holdings Reports $436 Million Treasury Including $90M OpenAI Equity and 283 Million Worldcoin Tokens as of June 2026
Eightco Holdings reported total treasury holdings valued at approximately $436 million as of June 24, 2026, including $90 million in OpenAI equity, $18 million in Beast Industries equity, over 16,000 ETH, 283 million Worldcoin (WLD) tokens, and $149 million in cash and equivalents. The company provides indirect exposure to key innovation sectors such as artificial intelligence, digital identity, and the creator economy.
EvilTokens PhaaS Sparks 1,380% Surge in AI-Driven Phishing Attacks with MFA Bypass for $600
Cybercriminal phishing-as-a-service platform EvilTokens caused a 1,380% rise in AI-powered device code attacks in early 2026, offering personalized, MFA-bypassing phishing tools starting at $600. Reports from Microsoft, Huntress, and Sekoia reveal these groups operate with startup-like discipline, scaling credential theft into a business requiring enterprises to rapidly adapt.
OpenAI, Anthropic, and SpaceX IPOs Expected to Generate $3.6 Trillion and Fuel Silicon Valley Startup Boom
OpenAI, Anthropic, and SpaceX IPOs could generate $3.6 trillion, sparking a surge in Silicon Valley startup investments and creating new billionaires among early investors and employees. This influx of wealth is expected to energize the tech ecosystem similarly to the dotcom boom, driving more venture capital and entrepreneurial activity.
Nasdaq Drops 4.6% Amid Tech Sell-Off and AI Infrastructure Concerns; Qualcomm Acquires Modular for $3.9B, Meta Invests $900M in Cred
The Nasdaq lost 4.6% over the week amid tech stock selling pressured by AI infrastructure costs and Fed concerns, with notable performances by DoorDash, Axon, and GE HealthCare. Key developments include Qualcomm's $3.9B Modular acquisition, Meta's $900M investment in Cred, and Micron's strong earnings beating expectations.
Cerebras Systems Posts $193.4M Q1 Revenue and $20B OpenAI Deal but Shares Drop 10% on Margin Outlook
Cerebras Systems reported a strong Q1 2026 revenue of $193.4 million, up 92% year-over-year, and secured a $20 billion deal with OpenAI, but its stock fell 10% after guidance indicated gross margin compression. Investors are concerned whether the margin squeeze is a temporary scaling cost or a long-term challenge for AI chip profitability outside Nvidia.
SpaceX Shares Fall Back to $160, Erasing 40% Post-IPO Gains
SpaceX shares have returned to their IPO closing price of approximately $160 after previously rising 40% post-IPO.
China’s Anhui Province Accelerates Tech Self-Reliance via Hefei Model Amid US Sanctions
US sanctions have accelerated China's push for technological self-reliance, with Anhui province emerging as a leading tech hub through the government-backed 'Hefei Model' investment strategy. Hefei focuses on AI, electric vehicles, batteries, and renewable energy, nurturing national champions and integrated industrial ecosystems to reduce dependence on US technology.
OpenAI Showcases ChatGPT Ads at Cannes Lions Amid Confidential U.S. IPO Filing
OpenAI promoted its advertising business for ChatGPT at Cannes Lions, aiming to expand revenue and compete with Google and Meta, while also showcasing its AI coding tool Codex. The company confidentially filed for a U.S. IPO and is currently showing ads to free and Go subscription users in seven markets.
AI Companies Plan IPOs to Raise Billions, Prompting Questions About Capital Flow and AI Bubble Risks
AI companies are preparing to launch IPOs to raise billions of dollars, raising questions about the sources and destinations of this capital amid concerns of an AI bubble.
SpaceX Loses $620 Billion in Market Value Days After June 12 $135 IPO Amid $60B Cursor Acquisition and $20B Bond Offering
SpaceX's stock price surged after its June 12 Nasdaq IPO but declined sharply following announcements of a $60 billion acquisition of AI firm Cursor and a $20 billion bond sale. Investors reacted negatively to the rapid combination of a large software acquisition and major debt issuance soon after the IPO.
Smart Bricks Raises $5M Pre-Seed Led by Andreessen Horowitz to Expand AI Real Estate Platform
Smart Bricks, an AI-powered real estate investment platform with dual headquarters in London and San Francisco, raised $5 million in a pre-seed round led by Andreessen Horowitz. The funds will be used to expand its technology and enter new markets.
Google Invests $75 Million in Film Studio A24, Aligning with Previous Investor Contributions
Google has invested approximately $75 million in film studio A24, matching previous investment amounts from other backers. This funding aligns with the ongoing financial support A24 receives from its investors.
Trump Administration Launches Targeted Regulatory Crackdown on Anthropic, Reshaping AI Industry Competition
The Trump administration has launched a targeted regulatory crackdown against Anthropic, a leading AI company known for its focus on AI safety, which may shift the competitive dynamics among major players like OpenAI, Google, and Microsoft. This enforcement action raises questions about government motives and which companies stand to benefit from increased pressure on Anthropic.
Fed Chair Kevin Warsh Keeps Rates Steady and Removes Forward Guidance, Impacting 2026 Startup Fundraising
Kevin Warsh's first Federal Reserve meeting in June 2026 left interest rates unchanged and removed forward guidance, signaling no imminent rate cuts for startups. While venture capital, especially for AI companies, remains robust for strong businesses, weaker startups should not expect cheap funding as the Fed shifts to a more unpredictable stance.
Hawkish Fed and US-Iran Deal Drive Tech Selloff and Rebound; Qualcomm Eyes $8-10B AI Chip Buyout
This week, tech stocks experienced volatility driven by a hawkish Federal Reserve tone, a tentative US-Iran peace deal reopening the Strait of Hormuz, and notable corporate moves including Qualcomm's AI chip acquisition talks and NVIDIA's $25 billion debt raise. Key tech ETFs rose sharply, and investors are awaiting earnings from Micron and BlackBerry amid ongoing geopolitical uncertainties.
General Intuition Seeks $300M at $2B Valuation to Use Medal Gaming Clips for Advanced AI Training
General Intuition aims to leverage Medal's vast gaming clip data to train AI models that better understand spatial-temporal decision-making, differentiating itself from traditional text-based AI. The company is in talks to raise $300 million at a $2 billion valuation, signaling strong investor confidence in gaming data as a unique AI asset.
Seattle-Based AI Startup Yoodli Doubles Workforce Amid $120M Fundraising by AI House Incubator
Seattle is attracting AI startups like Yoodli, which develops AI speech-coaching software and recently doubled its staff to about 100 employees. Yoodli originated from the AI2 Incubator (now AI House) on Seattle's waterfront, which has raised around $120 million since 2020 to fund emerging startups.
ElevenLabs Invests $11 Million in Warsaw R&D Hub Amid $500 Million ARR Milestone and $11 Billion Valuation
ElevenLabs, a Polish AI voice company valued at $11 billion, invested $11 million in a Warsaw R&D hub while surpassing $500 million ARR. The company emphasizes maintaining engineering work in Europe despite global expansion.
SpaceX Acquires AI Coding Startup Cursor for $60 Billion Days After IPO, Surpassing Amazon in Market Value
SpaceX has agreed to acquire AI coding startup Cursor in a $60 billion all-stock deal shortly after its IPO, aiming to strengthen its Grok AI ecosystem. The acquisition boosted SpaceX's market value beyond Amazon, making it the fifth-most valuable public company globally.
SpaceX to Buy Cursor for $60 Billion; Four 20-Something Cofounders to Each Be Worth $2.7 Billion
SpaceX is acquiring Cursor for $60 billion, a deal that will make Cursor’s four young cofounders each worth an estimated $2.7 billion, per Forbes.
SpaceX Acquires AI Coding Startup Anysphere for $60 Billion in All-Stock Deal
SpaceX announced a $60 billion all-stock acquisition of Cursor's developer Anysphere, marking a significant bet on AI coding tools as essential engineering infrastructure. The purchase reflects Cursor's rapid growth from a $9 billion valuation in 2025 to a strategic asset underpinning modern software development.
OpenAI Seeks Public Funding Despite Losing $3 for Every $1 Earned on $13B Revenue in 2025
OpenAI is preparing for an IPO while showing $34 billion in spending against $13 billion in 2025 revenue, implying significant losses despite rapid growth. The company's valuation could reach $1 trillion, but investors must back continued aggressive growth and hope for future profitability.
People
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Kevin Weil Executive, Former Vice President of OpenAI for Science, Vice President
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Vijaye Raji Executive, CTO of Applications
