AI Daily Briefing · 24 May 2026 · 5 min

OpenAI's $1T IPO, Chinese Model Surge & the Safety Order That Died | Ep 1

OpenAI files a confidential S-1 targeting a $1 trillion valuation, Chinese models now claim 61% of developer API traffic, and a federal AI safety order dies in 48 hours. The week's biggest AI stories, fast.

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OpenAI's $1T IPO, Chinese Model Surge & the Safety Order That Died | Ep 1

Audio is available on Spreaker — see link below.

What's covered

Billionaires Kill AI Safety Order

In forty-eight hours, three tech billionaires killed a federal AI safety executive order. That's not spin.

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GOP Voters vs. Trump's Reversal

Here's where it gets structurally interesting. New polling shows seventy-nine percent of Republican voters support government testing of AI models before public release.

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Mythos Finds 10,000 Vulnerabilities

The irony is that the case for AI safety oversight just got considerably stronger. Anthropic's Project Glasswing report on its Mythos model shows the system found ten thousand critical vulnerabilities in open-source libraries within a single month.

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Chinese Models Dominate Developer APIs

The competitive pressure argument used to kill the executive order also deserves scrutiny on its own terms. Chinese AI models now account for sixty-one percent of token consumption on OpenRouter, the major developer API aggregator.

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OpenAI's $1 Trillion IPO Filing

OpenAI filed a confidential S-1 with the SEC on Friday. Goldman Sachs and Morgan Stanley are leading.

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$3.7 Trillion AI IPO Sprint

That filing is part of something larger. SpaceX is targeting a public listing in June at one point seven five trillion.

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Google Gemini 3.5 and What's Next

Google didn't sit still this week either. At Google I/O, the company announced Gemini three point five alongside a new Omni Flash video generation model, plus expanded Home APIs that push toward autonomous agents running across smart home ecosystems.

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