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Jun 02, 2026
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Supported by
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Happy Tuesday! Anthropic makes a confidential IPO filing. Florida sues OpenAI and Sam Altman over safety concerns. Google plans to raise $80 billion to spend on AI infrastructure and compute.
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Anthropic on Monday said it filed a draft S-1 form to the U.S. Securities and Exchange Commission, a key step toward an initial public offering that Anthropic executives have discussed targeting for the fourth quarter. The company’s eventual IPO timing will depend on market conditions and other considerations. The filing follows Anthropic’s close last week of a $65 billion fundraise at a $900 billion valuation, the first time the company has overtaken rival OpenAI’s valuation. Anthropic recently crossed $47 billion in annualized revenue, up from $9 billion at the end of the year. OpenAI has also been expected to make its own confidential filing soon, if it hasn’t already. The company’s executives have discussed going public as soon as the fourth quarter.
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Florida Attorney General James Uthmeier on Monday sued OpenAI and its chief executive Sam Altman, alleging 10 counts of negligence, liability, and other state law violations related to safety concerns over OpenAI’s consumer-facing tool ChatGPT. With the lawsuit, Florida became the first state to sue the AI company. The 83-page complaint alleges that ChatGPT has “aided and abetted” mass shooters, encouraged “vulnerable people” to commit suicide, and addicted minors by feigning “human compassion.” The lawsuit, which seeks both monetary damages and to stop certain business practices from OpenAI, also seeks to hold Altman personally liable for what the complaint describes as “reckless and willful misconduct.” “This litany of harms is driven by Defendants’ insatiable quest to win the AI arms race and amass large fortunes,” reads the complaint. A spokesperson for OpenAI did not immediately respond to a request for comment. Uthmeier had previously announced a criminal investigation into OpenAI in April over the role of ChatGPT in a mass shooting at Florida State University in 2025, coming after an initial review by prosecutors of the chat logs between ChatGPT and the gunman. While Florida’s politicians have positioned the state as a tech hub to attract startups and venture investors, Uthmeier and Governor Ron DeSantis have emerged as stark critics of AI companies. “People are getting hurt, parents are getting deceived, and they need to pay for it,” said Uthmeier during a press conference on Monday.
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Google parent company Alphabet announced plans to sell new stock for the first time since 2005, aiming to raise $80 billion in equity to spend on AI infrastructure and compute. As part of the plans, announced Monday, Berkshire Hathaway has agreed to purchase $10 billion in stock at a discount to the current market price. Additionally, Google will raise $30 billion in underwritten public offerings—purchased by investment banks to resell to the public—and $40 billion in “at the market” offerings starting in the third quarter. The “at the market” offerings, which are sold over time, will primarily fund taxes on employee equity grants, Alphabet said. Google’s shares dropped 2% in after hours trading, signaling the market’s wariness of the financial impact of the massive AI investing plans. During its first quarter earnings call, Google said it expected to spend $180 billion to $190 billion in capital expenditures in 2026, and even more in 2027.
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Brian Landsman, a 14-year Salesforce executive vice president who leads its global partnerships and app store business, has joined OpenAI as vice president of global partnerships, he announced on LinkedIn. This is an important appointment for OpenAI, which has previously hired Chief Revenue Officer Denise Dresser and several other senior Salesforce executives as part of its push to court large corporate customers. Landsman could help OpenAI get more third-party software firms to connect their applications to ChatGPT, following its launch last year of a directory established for this purpose. Landsman, who previously worked with Salesforce CEO Marc Benioff on global business development strategy, had taken on a higher profile at the company in recent years. He helped lead Salesforce’s push to step up enforcement of a rule that requires third-party software firms to connect to its apps through a formal “partner program” that involves a security review.
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Salesforce is acquiring Contentful, a provider of content management software for businesses, in the latest sign of its efforts to make its customer data more easily accessible to AI agents. Terms of the deal weren’t disclosed, but Salesforce paid between $1 billion and $1.5 billion for Contentful, which was founded in 2013, according to a person with direct knowledge of the figure. That’s a steep discount from the $3 billion valuation that Contentful revealed after its last funding in 2021. A Salesforce spokesperson declined to comment. Contentful fits with Salesforce’s recently unveiled effort to make it easier for third-party agents to access its applications and customer data, which the company has dubbed Headless 360. Contentful is also a logical fit for Salesforce from a marketing perspective, as it has been using the term “headless” to describe its product for the past couple of years. Salesforce said it plans to integrate Contentful across its applications, which means customers can ensure that the agents they build on Salesforce are accessing the same data as they use on their websites and in email marketing campaigns.
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