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Tech Brew Ride Home

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SpaceX Starlink Mobile and Quantum Computing

From OpenAI To Delay Its IPO?Jun 26, 2026

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OpenAI To Delay Its IPO?Jun 26, 2026 — starts at 0:00

see Avatar Fire and Ash is now streaming on Disney pllus. It's the film critics are calling the best Avatar yet. A true epic and completely jawdropping. This is the only pure thing in this world. Return to Pandora on Disney pllus. It will be an adventure for the whole family and watch the Oscar winning phenomenon This is sick. O our Fire and Ash, now stream runun Disney pllus, rated PG thirteen Welcome to the Tech We write Home for Friday june twenty sixth, twenty twenty six. I'm Bran Mulla. Today, our tech stocks crashing becauseu opening eye is leaning towards delaying its IPO. The government had open eIe staggered GPT five point six' release. Microsoft hiked Xbox prices again, SpaceX teased a Starlink mobile network, and of course The wee can longate suggestions. Here's what you missed today in the world of tech. I'm at the age where I might pull a muscle just by thinking about stretching. That's why Blueprint's longevity mix has been such a game changer. Blueprint was started by Brian Johnson, more popularly known as the Don't Die guy. His latest endeavor in living Ler and aging better led him to create Blueprint. With just one scoop, you'll get support for energy, cognitive performance, mood, focus, sleep, cellular resilience and healthy aging. It's science backed, precision doed and no BS. For a limited time only our listeners get twenty percent off plus free shipping at blueprint. bY a njohnson. com by using code TbrH at checkout That's code TBRH at blueprint. brianjohnson. com twenty percent off After you purchase, they will ask you where you heard about them, so please show support for our show and tell them our show sent you There's been another hiccup in tech stocks, for example, shares of Japanese Nand flashmaker Josha slid twelve percent on Friday alone Why well folks are blaming this headline quoting the Times. OpenAIe is leaning toward holding off its initial public offering until next year, three people involved in the company's deliberation said a turnabout that punctuates the uncertain future for fast growing artificial intelligence giants. The maker of ChatCBT hired bankers and lawyers with an eye toward a public offering as soon as the third or fourth quarter of this year, the people said Sam Altman, the company's chiefecut push those advisers to find a way for the startup to be valued at one trillion dollars up from the company's last private valuation of seven hundred thirty billion dollars, according to the people involved who did not want to be named because they were not permitted to speak publicly about internal deliberations But a cascade of recent developments has caused opening eyes executives to shift away from their most aggressive aspirations Top of mind is what happened to Elon Musk's SpaceX after its IPO this month It was the largest ever raising more than eighty five billion dollars and reaching a valuation of one point seven seven trillionars on its debut. Since then, SpaceX's stock has been on a downward slide as shares slump to one hundred fifty three dollars at the end of the trading day on Thursday after reaching a high of two hundred two dollars last week Global markets have also been choppy in recent weeks, with tech stocks dragging down indexes as investors question whether AI companies will live up to their sky high promises. That has caused OenI's advisors in conversations with the company over the past week to caution that it may not find much enthusiasm from retail investors for its own shares, two of the people involved said. Opening eyees tapping the bankers on its IPO plans could disappoint Wall Street and Silicon Valley. Public offerings from Open Eye and its rival Anthropic, which also said it was making plans for a Wall Street debut could unleash a wave of generational wealth. Opening Eye said this month that it had filed confidential paperwork with securities regulators to kick off the process for going public, but it did not commit publicly to any time frame Opening eyes advisors presented company executives with the option of waiting until twenty twenty seven to go public with a one trillion dollars valuation or lower the targeted valuation for a quicker IPO mister Altman said one person in contact with him on the topic responded that any change to the trillion dollar valuation was a nonstarter OpenIe is also grappling with other issues. Late last year, Sarah Freyer, the company's chief financial officer, said it was not pursuing an IPO at the time and was focusing on shoring up its finances. Since then, it has continued to pour money into data centers and computing power with no indications of slowing down The company is also spending heavily on marketing and recruiting high profile engineering talent from companies like Meta and Google It is searching for other lines of revenue, including dabbling with placing ads inside Chat GPT and striking e commerce deals with companies like Shopify and Stripe That would allow people to buy things from online stores directly inside Chat GPT Those initiatives are still in early experimental phases to Open Eye employees said. Open Eye reported roughly thirteen billion dollars in revenue in twenty twenty five. O of the people said, a number of the company hopes to triple this year OPI said this year that it was generating two billion dollars in revenue each month But some openII executives appear to have changed their minds about an IPO just a few months after Ms. Freyar said the company was not looking to go public. The Wall Street Journal reported that the company planned to go public by the end of twenty twenty six. That surprised some employees because they thought the company was not on a strong enough financial footing, to people familiar with the company's plans said, end quote Sam Oman has reportedly told staff the U.S. government asked openpAI to stagger the release of GPT five point six over security concerns Approving access customer by customer only coding the information The company's biggest rival anthropic followed a similar course in April with Methos, a new model with powerful cybersecurity capabilities that it shared with Select partners rather than opening it up to the public The reason for the staggered release, Altman explained, The federal government asked it to do so Altman said that this was the best path for widely releasing the model as soon as possible, said one of the people. In a Thursday memo, Altman told staff that the government would be approving access customer by customer during this preview period. for Chat GPT five point six. He added that he hoped there would be a more general release a couple of weeks later if all went well Open eye staffers had been working closely with the government and various government agencies over the past month to preview its latest model, including when Altman was in Washington, DC in early June, according to the person familiar with the matter The request to do a staggered release came from conversations with two key government agencies, the Office of National Cyber Director and Office of Science and Technology Policy Even so, after OpenAe had shared its plans for the limited release with top government officials earlier this week, Altman still received a call from commommerce Secretary Howard Lutnik cautioning the company against launching without receiving approvals from other agencies, according to a person familiar with the call. We've made clear to the U.S. government that this is not our preferred long term model and we will work with them and others in industry to achieve a more sustainable approach for future releases. Altman said in the Thursday memo The White House's anthropic actions have raised fears among policy and AI industry leaders that the government has created a de facto licensing regime for new frontier models while it continues to work out the specifics of the executive O orrder's framework After all, just how voluntary will its new AI system be if the administration can also force models off the market when it has concerns about them as it did with Anthropic Arbitrary, unknown, nontrparent license requirements are far worse than red tape, wrote Neil Chilson, the head of AI policy at the Think Tank Abundance Institute on X after the Trump administration's export control. and quote Expect this to continue to cascade everywhere in electronics. C in Kaku Every time we have to write that a conolle's price is increasing, it feels like this has got to be the last time, right No, actually, Xbox has announced that it's increasing the price of the Xbox consoles for a third time by one hundred dollars for the cheaper models and one hundred and fifty dollars for the largest And it is also sunsetting the two terabyte model In the Xbox Wire post, Microsoft cites the increase in prices for console storage and memory, which have increased two point five X since the last price increase in October And the company expects it to double once more in the fall of twenty twenty seven. The entire consumer electronics industry is struggling with the current components crisis, but the effects are particularly hard on consoles Unlike phones, computers, speakers, and other consumer devices, consoles are typically not sold at a profit but instead for less than they cost to make becausecause of the price increase, Xbox is announcing a new buy now pay later service that will allow people to buy Xbox systems through its own stores and break up payments in interest free installments Amazon is also offering up to twelve month financing with flexible monthly payments. The company also says it's working with retailers to sell pre owned systems as well as certified refurbished systems on the Microsoft store This is the third time Xbox systems have increased in price since twenty twenty five with the first instance being in May of last year. with many speculating that President Trump's then newly imposed tariffs were at the heart of that decision. The second time was in September of that same year with Microsoft citing changes in the macroeconomic environment for the move This increase made the two terabyte model a whopping eight hundred dollars, but now that model has been discontinued, end quote Customers don't think in channels and support teams shouldn't either. That's why Twilio helps businesses unify voice, messaging, chat, and other channels into one continuous conversation so customers can move from AI self service to a human agent without repeating themselves fifteen times. Tulio combines conversational AI, contextual customer data and omnichannel communications to help teams automate routine support, route complex issues to the right agent, and give every agent the context they need to resolve issues faster. 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AI comes in with the Aentic software environment palette meet and the mododalics machine learning systemy on chip hardware, developers can build high performance physical AI applications not in months, but in days and hours. Join the webinar to see how customers use reasoning, enabled AI and agentic workflows to accelerate the development of intelligent machines and autonomous systems. Discover what's possible with physical AI. headad to seEa. Ai slash neet. That's SEMa d. Ai slash neat Study Play Come together on a Windows eleven PC. And for a limited time, college students get the best of both worlds. Get the unreal college deal, everything you need to study and play with select Windows eleven PCs. Eligible students get a year of Microsoft three hundred sixty five preremium, and a year of Xbox GamePass Ultimate with a custom color Xbox wireless controller Learn more at windows d. com slash student offer. Law Supplies last ends june thirtieth turns at aka. mS slash college PC Apparently, during their IPO road show, SpaceX COO Gwen Shotwell told investors that SpaceX may launch a Starlink mobile product and build its own terrestrial US network quoting the FT. The move would require Starlink to build a new retail offering by selling mobile contracts to individual customers competing directly with the three big U.S. network operators of Verizon Wireless, AT and T and TMbile To date, SpaceX has offered more limited direct to consumer services in the US preferring to give telecoms groups such as TMobile access to its satellites to supplement their existing network coverage in rural areas Although the terms of Starlink's commercial deals are not disclosed, analysts believe it takes a cut from revenues generated by those customers whose mobile deals include access to its satellites SpaceX's move into retail contracts would be one of the company's most significant commercial expansions since launching Starlink, which already operates across more than one hundred and fifty countries worldwide, offering high speed internet connections through its constellation of satellites A direct to consumer mobile offering would give SpaceX access to a far larger market Th satellite broadband alone, potentially reducing its reliance on telecom's partners that currently act as intermediaries between Starlink's satellites and end users While describing expanding Starlink as a key growth pillar in its IPO persspective, SpaceX has never publicly confirmed that it plans to launch a retail mobile service. There has been months of speculation over SpaceX's future mobile plans after it paid seventeen billion dollars to rival Echoar for wireless spectrum licenses to bolster its Starlink satellite network last September. Many analysts viewed the deal as laying the groundwork for an eventual retail offering. In its bond offering perspectus seen by the FT, SpaceX said that while it expected the Starlink mobile service currently to be most impactful for customers in remote areas uncovered by terrestrial mobile networks, its longer term ambitions appeared broader As its performance improved, the satellite constellation grows, the prospective suggests the company would compete to be the preferred connectivity experience to our customers no matter where they are, whether in rural, suburban or urban areas The launch of a consumer Starlink mobile retail service would also complement the company's existing broadband internet option, which serves ten point three million customers worldwide as of March. However, the plans have been met with trepidation by analysts who have cautioned that the idea may simply be a gamble to extract better deals from Starlink's telecoms partners and warned of the billions of dollars in build costs and radio wave spectrum needed to roll out mobile networks New Street research estimates that the three US mobile network operators have a total of about thousand and twenty megahertz of spectrum while SpaceX has just sixty five megahertz David Barden, partner at New Street Research, said that building a wireless network in saturated markets around the world would be incredibly hard. But as a starting point for negotiating the best possible revenue sharing deal with mobile network operator partners, it makes tremendous sense. he added, and quote In the Long Reads this weekend, the journal takes a look at how Chicago is betting on quantum computing, including turning the site of its former US steel mill into a quantum computing campus The Chicago area largely missed the digital revolution that brought prosperity to Silicon Valley, Seattle and other regions It has an advantage in this new field of computing owing to its longtime quantum physics and engineering prowess at the University of Chicago, the University of Illinois at Urbana Champagne, Argon National Laboratory and Fermi Lab The park is a bet that the city can leapfrog to the next tech era Right now we export a huge number of scientists and engineers to the coast Harley Johnson, a University of Illinois at Arbana Champagne, ennggineering professor and chief exxecutive offfficer of the project, said from the construction site this month. The park aims to create an industry that retains all that talent, he added Illinois Governor J.B Pritzker, who first proposed the park and marshalled five hundred million dollars in state funding for it, said he is hoping it can help jump startart Illinois's economic growth, which has lagged behind the nations. We need to do more than just attract manufacturing and build out agriculture in our state, Pritzker said in an interview. We need to be in industries that are growing much faster than that, and now we are The park has been in the works for several years and construction has moved quickly since a groundbreaking this past fall. Illinois is racing to establish the site as the nation's quantum flagship as cities, including Boulder, Colorado also vie for prominence One nearly complete building will house one of the world's biggest quantum computers developed by Psi Quantum. after parts begin arriving this summer International Business Machines plans to install its own quantum computer at the site, one of more than a dozen. It runs worldwide alongside a research team and a consulting business that it said would employ seven hundred fifty people by twenty thirty, end quote And from the FT as China's working age population shrinks, Consensus is growing inside that country that China must embed embodied AI robots into as many testks as possible and as soon as possible, quote China's demographic structure is shifting, and the population is gradually shrinking. That is an undeniable reality. says Huang Tai, deputy Gal manager of Sanny trruck Manufacturing, which is based in the Hunan provroince. For labor intensive industries, we believe replacing humans with robots is inevitable The demographic change to which he refers, said to be one of the fastest in an aging world, is China's biggest economic headwind The country's working age population aged fifteen to sixty four, which peaked at one billion in the last decade, is due to fall to just three hundred million by the year twenty one hundred, according to UN figures, a decline that could prevent China from becoming the world's biggest economy Beijing now sees AI enabled machines as a way out of the demographic trap. Last year, the country installed more industrial robots than the rest of the world put together. It also makes most of the world's humanoids From Communist Party leaders in Beijing to business owners across China, there is a growing consensus that the country needs to embrace embodied artificial intelligence, as AI controlled robots are known, into as many tasks as possible and as soon as possible We have not seen a transformation of this speed and scale since the Industrial Revolution says Yuhan Ziang, principal economist of the China Center at the conference board, whether it is intricate industrial processes such as factory quality control or elite service industry jobs, such as preparing michelin star level meals, all are under scrutiny for automation President Xi Jinping has consistently championed the robot revolution declaring in twenty fourteen, just two years after taking power. Not only do we need to upgrade our robots, we need to capture markets in many places The Communist Party's latest five year plan calls for new forms of work involving human machine collaboration and embodied intelligence in posts with labor shortages, high risk environments and other conditions, end quote. No weekend bonus episodes for you talkal you on Monday

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