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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In forty-eight hours, three tech billionaires killed a federal AI safety executive order. That's not spin.
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.
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.
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.
OpenAI filed a confidential S-1 with the SEC on Friday. Goldman Sachs and Morgan Stanley are leading.
That filing is part of something larger. SpaceX is targeting a public listing in June at one point seven five trillion.
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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