Entertainment
OpenAI, valued at $850 billion, prepares for confidential IPO filing this week
OpenAI is preparing to confidentially file a draft of its initial public offering (IPO) prospectus as soon as Friday, May 22. This marks one of the largest public market debuts in history.
The company behind ChatGPT, which is now valued at over $850 billion by private investors, is working with Goldman Sachs and Morgan Stanley to file this registration, which might happen over the next few days or weeks, CNBC reported on Wednesday, May 20.
An OpenAI representative said in a statement: “As part of normal governance, we regularly evaluate a range of strategic options. Our focus remains on execution.”
The AI firm has already been planning to hit the markets by this year’s end, possibly even making a splash in September, Reuters reported.
This move comes less than two days after OpenAI successfully defended itself against a lawsuit initiated by Elon Musk, claiming that the company violated its nonprofit status.
This came after an advisory jury concluded that Musk filed the suit late. OpenAI’s planned IPO could be upstaged by another rival firm, SpaceX, owned by Elon Musk, planning to file its own prospectus confidentially as early as Wednesday.
SpaceX is currently valued at $1.25 trillion, and it is working with Goldman Sachs as the lead left bank.
Entertainment
Timothee Chalamet takes bold step days after double date with Kylie Jenner
Timothee Chalamet had fans do a double take as his new paparazzi shots came in with a new look, only days after his double date outing with girlfriend Kylie Jenner, her sister Kendall Jenner, and Jacob Elordi.
The 30-year-old actor was spotted with a completely shaved mustache during the recent outing at Madison Square Garden on Tuesday, May 19, where he went to watch the Eastern Conference Finals Knicks versus Cavaliers game.
The Dune star was casually dressed in a t-shirt and hung out with fellow celebrities like Ben Stiller and Tracy Morgan, as Jenner did not join him for this game.
Fans had a mixed reaction to Chalamet’s new look as one wrote on X, “Idk how to feel about this look tbh I think his face needs to lose some weight we need the old Timmy back,” while another added, “He’s getting ready for the Malcom in the Middle Movie…”
A third chimed in to say, “dude needs a new stylist,” and “Finally no mustache I’ve been praying for times like these.”
Another noted, “He literally looks like Kylie Jenner now in a very strange way.”
Entertainment
Gracie Abrams earns high praise for ‘Daughter from Hell’ before release
Gracie Abrams is about to release her third studio album, Daughter from Hell, and it is already believed to be her best one yet.
The 27-year-old pop superstar have gave fans a glimpse into her new record with the first single, Hit the Wall, and they are excitedly waiting for the complete body of work.
The That’s So True hitmaker has taken a different approach to songwriting with this album, and has spoken in interviews about how it is a reflective documentation of her existential feelings as a 20-something person navigating life.
Abrams’ album has also been approved by NPR host Robin Hilton, who called it “the best thing she’s ever done.”
Following the high critical praise, fans flocked to the comments and wrote, “‘The best thing she’s ever done’ is the kind of sentence that raises expectations dangerously high.”
Another added, “Early reactions are always interesting… let’s see how it lands publicly,” and “we already knew she’s gonna take her career to the next level with this one the album is gonna be tea.”
More chimed in, “we already knew that when we heard hit the wall,” and “Soooo excited for her album!!!!!!”
Abrams’ album will be released on July 17.
Entertainment
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