OpenAI closed a funding round that set its pre-IPO valuation at $852 billion, marking it one of the most valuable private technology companies. Despite this landmark valuation, the company remains unprofitable and faces scrutiny over its path to sustainable revenue generation before a planned 2026 public offering.

OpenAI’s strategy chief sent formal letters to the attorneys general of California and Delaware requesting investigations into Elon Musk’s alleged anti-competitive behavior. The complaints allege coordinated efforts by Musk and his associates to undermine OpenAI through public attacks and collaboration with rival executives.

Questions around CEO Sam Altman’s leadership have increased after detailed profiles highlighted past controversies and mixed trust levels among early employees and board members. Investors and potential IPO underwriters are watching these governance dynamics closely as they evaluate OpenAI’s public market readiness.

Alongside legal and financial maneuvers, OpenAI has released comprehensive policy recommendations—ranging from public wealth funds and robot taxes to a four-day work week—to shape the economic impact of advanced AI. The company’s global affairs team is also working with governments to boost AI literacy across workforces and education systems.