☕️ Altman delays OpenAI IPO

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In today's Techpresso:

💰 Altman won't go public for less than $1 trillion

📡 SpaceX reportedly plans a Starlink mobile service

🏛️ White House asks OpenAI to delay GPT-5.6

💻 Apple's most powerful Macs may wait until 2027

⚖️ New US bill would force AI risk reporting

💥 Samsung plans $648 billion South Korea bet

🎁 + 13 other news you might like

🧰 + 5 trending tools

📚 + 3 trending papers

💰 Altman won't go public for less than $1 trillion LINK

OpenAI is leaning toward pushing its IPO to 2027 because CEO Sam Altman insists on a $1 trillion valuation, up from the company's last private figure of $730 billion, which advisors say is the main reason for the delay.

Advisors gave Altman two choices: go public in 2027 at the trillion-dollar price, or move faster at a lower valuation, but he rejected anything below a trillion as a "nonstarter," even as choppy tech markets worry investors.

The delay hit SoftBank hard, sending its stock down 13 percent, its steepest drop since August 2024, since the Japanese investor's stake in OpenAI is set to reach about $65 billion by October.

📡 SpaceX reportedly plans a Starlink mobile service LINK

SpaceX is reportedly planning a Starlink-branded retail mobile service for US consumers, a move that would put the company in direct competition with AT&T, Verizon, and T-Mobile.

SpaceX President Gwynne Shotwell told investors during an IPO roadshow that the company is considering the service, and could even build its own wireless network on the ground to support it.

The plan follows the FCC's approval last month of SpaceX's $17 billion purchase of 65 MHz of wireless spectrum from EchoStar, plus earlier trademark filings for "Starlink Mobile" and "Powered by Starlink."

🏛️ White House asks OpenAI to delay GPT-5.6 LINK

OpenAI plans to release its new model, GPT 5.6, only to a small group of close partners rather than the public, after the Trump administration told the company to limit access, according to The Information.

CEO Sam Altman reportedly told staff the government would be "approving access customer by customer" during a preview period, and OpenAI hopes to follow with a broader release a "couple of weeks later" if it goes well.

The Office of the National Cyber Director and the Office of Science and Technology Policy reportedly asked for the limited release, and OpenAI staffers worked closely with the government on the upcoming launch.

💻 Apple's most powerful Macs may wait until 2027 LINK

Apple's most powerful Macs could be delayed until 2027, as the company reportedly plans to skip the M6 Pro and Max chips and move straight to the M7 chip, according to Bloomberg's Mark Gurman.

The M7 chips are expected to launch in the first half of 2027 with a focus on on-device AI processing, marking the first time Apple offers only a base version without Pro or Max variations.

Apple may release the M7 Max and Pro chips by the end of 2027, while an M7 Ultra chip could arrive in 2028, since the company has not put out an Ultra model since the M3 generation.

⚖️ New US bill would force AI risk reporting LINK

A new US bill called the AI Incident Reporting Act would require developers of high-risk "covered models" to report major safety and security incidents to the Commerce Department, creating a federal oversight system for advanced AI.

Developers would have to file an initial report within seven days of learning of an incident, and for imminent threats, the Commerce Department must alert congressional leaders within 48 hours of getting it.

Reportable incidents include models that evade human oversight, resist shutdown, or enable cyberattacks and chemical weapons, while violators face civil penalties of up to $2 million, with each day counted as a separate violation.

💥 Samsung plans $648 billion South Korea bet LINK

Samsung is expected to announce on June 29 a plan to invest 1,000 trillion won, about $647.5bn, across South Korea over the next 10 years, one of the country's largest corporate investment commitments.

Of the total, a reported 300 trillion won would build chip factories in the country's southwest, a region left out of the semiconductor boom, while the rest covers AI data centres, batteries, and displays.

The pledge comes from local media reports, not a formal Samsung statement, and rival SK Hynix is expected to unveil its own investment plans at the same meeting with President Lee Jae Myung.

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• DeepSeek to ‘double size of all departments’ as it competes with AI rivalsLINK

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🧰 Trending tools

Agent Arena: a platform where autonomous AI agents compete in real-world challenges, earn rewards, and build reputation across an open competition network.LINK

Gemini Spark: an autonomous AI agent that handles tasks in the background 24/7, even when your devices are completely powered off.LINK

ModuleX: an AI workspace connecting 200+ integrations, letting teams build, approve, and run automated workflows using their own data without manual API setup.LINK

Sleek Analytics: lightweight website analytics that tracks real-time visitor behavior with a single code snippet, no cookies or complex configuration needed.LINK

Group Subscriptions by beehiiv: lets organizations bulk-purchase newsletter subscriptions, making it easy to distribute paid content access across multiple team members.LINK

📚 Trending papers & reports

Calling AI "thinking" is more than a harmless label, researchers argue, because it misleads users and developers about what these models actually do, producing flawed research and poor decisions.LINK

Turning research papers into patents works better by mapping out concepts as a structured diagram first, and a new framework using this approach beats larger, costlier models at producing legally valid patent descriptions.LINK

Self-reference in math and code turns out to share one universal root, a theorem showing that fixed points, recursive loops, and paradoxes all follow the same underlying pattern.LINK

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