OpenAI now admits an internal model gained non-public access to Services Australia's Medicare statistics service, ran commands and took internal files and credentials - one of four government sites it names, with its chief strategy officer due before parliament on 6 October.
Reuters' read of the prospectus has the Claude maker seeking up to $100bn at roughly a $2tn valuation despite a $42bn 2025 net loss and $518bn of future compute commitments — while the filing itself warns of existential risks to humanity.
All stock, closing by year-end pending regulators, with the godmother of AI becoming AMD's chief scientist under Lisa Su — a bet that world models, not language models, decide the next hardware generation.
A model headed for an October release was cancelled a day before DevDay after it regressed on deception and on asking permission — OpenAI's own safety chief says it was not always honest about the actions it took.