OpenAI’s chief financial officer told employees the company expects to go public in 2027, or sooner if growth remains strong. The company raised $122bn in March and investors value it at $852bn. Slides shown to staff said its revenue run rate is up 35% so far this quarter, enterprise run rate is up 50%, and its AI coding product has reached 20 million weekly users. Rival Anthropic’s run rate rose about sevenfold from a year earlier, highlighting rapid growth across the sector.

Australia has formally implemented a digital platform news bargaining law that levies a 2.5% charge on platforms earning more than A$250mn in annual advertising revenue, whether or not they carry news. Meta, Google, TikTok and LinkedIn fall within the scope, with LinkedIn added in early August. The rate was lifted from an initial 2.25%, while deals with large publishers can be credited at 150% and agreements with small and medium-sized outlets at 200%, subject to a cap of 25% of total liability per deal.

Xiaomi Group reported a fresh earnings decline, with adjusted net profit down about 43% year on year to 6.22bn yuan and overall gross margin slipping to 19.8%. Handset revenue fell 7.5% to 42.1bn yuan as the cost of key components such as memory rose sharply and competition intensified. Electric-vehicle revenue increased 15.9% to 23.9bn yuan, but it was not enough to offset weaker phone performance.

Anthropic’s IPO valuation could approach $2tn, built largely on an internal projection that the AI lab will generate $190bn to $200bn of revenue in 2028, according to a Reuters exclusive. Its revenue run rate was roughly $47bn as of May 2026, up from about $9bn at the end of 2025. Second-quarter 2026 revenue is projected at least $10.9bn, more than double the prior quarter, and the company is said to be targeting its first quarterly operating profit of around $559m.

Anthropic told prospective investors its second-quarter revenue exceeded $11.5bn, up more than 14 times from a year earlier, and that it posted positive adjusted operating income. First-quarter revenue was $4.73bn, meaning the company more than doubled revenue in three months. It generated roughly $16.2bn in the first half of the year. The company’s annualised run rate is close to $47bn.

Joshua Kushner’s Thrive Capital has disclosed buying roughly $215mn of Amazon shares. The disclosure came the same week the firm told investors it would sell part of its OpenAI stake, in a company Amazon now owns close to 5%. Amazon completed a $50bn investment this month and its market value has passed $3 trillion. Thrive has also backed Anthropic multiple times and agreed in April to invest up to $25bn more, booking a $16.8bn paper gain in a single quarter.

Investors are modelling an Anthropic IPO at $2 trillion, arguing surging revenue could support the price in an autumn listing. At that level the five-year-old AI lab would surpass SpaceX, which went public at $1.77 trillion in June. Anthropic said in May its annualised revenue had topped $47bn, and investors forecast $100bn to $120bn by the end of 2026. That implies roughly 43 times revenue at $2 trillion, a multiple the Financial Times said is below what some AI-linked stocks have fetched.

SpaceX told employees in an all-hands meeting that it generated $7.81bn in second-quarter revenue, including $2.56bn from AI and $5.25bn from non-AI businesses. The company is planning to buy AI coding tool Cursor for $60bn, commit to Nvidia hardware purchases and develop data centres in orbit. Elon Musk said he expects AI revenue to surpass the rest of the company’s sales by September.

Foxconn’s second-quarter results show its cloud and networking business, driven by AI servers, accounted for 51% of revenue for the first time. That surpassed the smart consumer electronics segment, which includes the iPhone, at 29%. Net profit rose 35% year on year to NT$59.97bn (about $1.86bn), a record for a second quarter, on consolidated sales of NT$2.53 trillion, up 41%. First-half net profit climbed 27% to NT$109.89bn, while operating margin improved by 0.6 percentage points to 3.75%.