OpenAI is worth 730 billion and doesn't earn a dollar. Money circulates among giants paying each other. Revolution or bubble? The data, without smoke, and the question that really matters.
OpenAI launched GPT-5.6 on July 9 in three tiers: Sol, Terra and Luna. Little changes for free users so far; paid plans get a new reasoning engine, and the launch debuted something else: prior government review. What each name means and what to check on your plan.
The Times and other major publishers seek sanctions against OpenAI: they allege it told the court it couldn't search its data while doing so internally (Project Giraffe), deleted logs, and produced an unusable sample. What spoliation means, what exactly they ask for, and OpenAI's answer.
After Friday's headlines, the docket in case 5:26-cv-07078 spent its first weekend unchanged: the twelve entries are still the ones from day one. We go through them entry by entry — fees, summonses, an eight-lawyer team — and lay out the four procedural milestones that may land this week: the scheduling order, the first proofs of service, the injunction motion Apple has announced, and the July 24 decision on who judges the case.
Apple accuses OpenAI, its hardware chief Tang Tan, engineer Chang Liu and io Products of misappropriating iPhone trade secrets to accelerate its first consumer device. The federal lawsuit, filed in San Jose, brings six claims and seeks injunctions and damages; OpenAI replies that it has "no interest in other companies' trade secrets." The case will test where the line sits between hiring talent and taking confidential know-how in the middle of the AI hardware race.
The docket in Apple Inc. v. Liu clarifies what injunctive relief Apple seeks against OpenAI and io Products: stop using its secrets, preserve evidence and return materials. The formal motion is not on file yet — the complaint announces it "promptly" — and the first milestone has a date: July 24.
OpenAI opens GPT-5.6 to the public after two weeks restricted to government-approved organizations, pairing the launch with ChatGPT Work, an agent that merges ChatGPT and Codex for non-technical users.
Johannes Heidecke, OpenAI's head of safety systems, is leaving the company following a restructuring that merges its research and safety teams. He's not the only one heading for the exit this week.
OpenAI is negotiating to raise up to $100 billion at a valuation of up to $830 billion. The deal would take the funding needed to compete in models, data centers and everyday AI use to an unprecedented scale.
Disney will invest $1 billion in OpenAI and license more than 200 characters from Disney, Marvel, Pixar and Star Wars for Sora. The deal brings together money, rights and technology in a formula with major implications for Hollywood.
An internal memo from Altman freezes advertising, shopping and Pulse in ChatGPT to concentrate resources as Gemini surges — a model Google says now reaches nearly 650 million monthly users.
OpenAI is turning its commercial arm into a foundation-controlled public benefit corporation. Microsoft gets 27%, retains technology access through 2032 and commits to $250 billion in Azure.
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