Stripe Announces Acquisition Deal with AI Firm OpenRouter
On August 19, local time, payment service provider Stripe announced it has reached an agreement to acquire OpenRouter. The terms of the deal were not disclosed.
OpenAI Reports ChatGPT.com Registration and Login Outage, Fixes Underway
As of August 20, OpenAI’s system status page shows that all registration and login functions on ChatGPT.com are currently unavailable. The company says it is actively working on mitigation measures to resolve the issue.
Nvidia Reportedly Considering Investment in Mercor at a $20 Billion Valuation
On August 19, local time, sources familiar with the matter said Nvidia has held discussions about investing in Mercor, a funding round that would value the AI startup at $20 billion. Reports indicate that existing investor General Catalyst is in talks to lead the round. The specific amount Nvidia plans to invest and the total size of the funding round have not yet been revealed.
MiniMax Launches MiniMax Design
On August 20, MiniMax unveiled MiniMax Design, a harness that turns multimodal model capabilities into practical, real-world productivity. When users submit a creative request, it understands the goal, breaks down the task, calls on the right models and Skills, and handles the entire workflow—from asset processing, generation, and editing to final delivery.
Anthropic’s Revenue Surpasses OpenAI, Gearing Up for a Record-Breaking IPO
Anthropic’s annualized revenue is on track to exceed $65 billion, while OpenAI’s figure is projected to top $40 billion.
AI Cloud Firm Nebius Expands Convertible Bond Issuance to $5 Billion for Data Center Buildout
AI cloud company Nebius announced on August 19, local time, that it is increasing its proposed convertible bond issuance from $4.5 billion to $5 billion. The raised funds will be used for corporate growth, including building data centers and advancing AI cloud services.
OpenAI Plans to Go Public in 2027
According to CCTV Finance, on August 19, local time, the Chief Financial Officer of OpenAI stated that the company plans to complete its initial public offering (IPO) by 2027—though the timeline could accelerate if business growth picks up. During the meeting, Friar revealed that OpenAI’s second-quarter revenue hit $6.7 billion, up 18% from the first quarter. In comparison, Anthropic’s preliminary second-quarter revenue stood at $11.5 billion, marking a sequential growth of over 140%.
