🌎 Portfolio Performance Issues and News
IPO: OpenAI (ChatGPT)
OpenAI is laying the groundwork for an IPO in Oct 2026 ahead of Anthropic's IPO. [More]
OpenAI is expected to announce its IPO in Oct 2026 ahead of Anthropic's. OpenAI is holding informal talks with Wall Street banks about a potential IPO, people familiar with the matter said, and is growing its finance team. That includes the hire of a new chief accounting officer, Ajmere Dale, and a new corporate business finance officer, Cynthia Gaylor, who will oversee investor relations. [More]
By the end of 2023, OpenAI commanded 50% of the enterprise LLM market, but its early lead has eroded. Today, it captures just 25% of enterprise usage, half of what it held 2 years ago.
IPO: Anthropic (Claude)
Anthropic, the AI lab behind Claude, recently valued at record USD965 billion after a USD 65 billion funding round, is expected to IPO in Oct 2026. [ WSJ: 29 Jan 2026]
Anthropic is the new top player in enterprise AI markets with 32%, ahead of OpenAI and Google (20%), which has shown strong growth in recent months. Meta’s Llama holds 9%, while DeepSeek, despite its high-profile launch at the beginning of the year, accounts for just 1%.
Artificial Intelligence
"Code generation has become AI’s first breakout use case. Beyond pre-training, foundation models are now scaling along a second axis: reinforcement learning with verifiers. And while open-source continues to advance, the slowdown in frontier breakthroughs from Western labs has tempered what had previously been a rise in enterprise adoption. As a result, enterprise dollars are now consolidating around a few high performing, closed-source models, giving us a new market leader in Anthropic." [Menlo Ventures: 2025]
✅ Amazon is building an AI datacenter on 1,200 acres in Northern Indiana. It will support 500,000 AWS Trainium 3 chips. It is expected to be completed by the end of 2025 and will create 1,100 new jobs. The AWS Indiana data center under construction, is powered by Amazon's EC2 Nitro System which will support 500,000 AWS Trainium2 or ✅ NVIDIA Blackwell GPUs and is supported by a ✅ Constellation Energy power station.
✅ Amazon is planning to invest up to USD 50 billion in OpenAI [WSJ: 29 Jan 2026].
✅ Amazon is planning to raise USD 25 billion as Anthropic's valuation soars. Anthropic may go public through an IPO later in 2026 after a big capital raise. More Anthropic's floated valuation is expected to be USD 350 billion. [New York Times]
Chips
Samsung Electronics (005930.KS) has started shipping samples of its latest high-bandwidth memory (HBM) chip to customers globally. The 12-layer HBM4E chip can reach speeds of up to 16 Gigabits/second with improved energy efficiency and thermal performance. The HBM4E is more than 20% faster than its previous-generation HBM4 products. [CNBC 29 May 2026] [⏯️ Reuters]
USA has cleared sales of ✅ Nvidia's H200 chip to 10 China firms [Reuters 15 May 2026]
✅ Nvidia's position as the critical provider of compute equipment doesn’t appear to be changing anytime soon, DA Davidson analysts say in a research note. Nvidia’s solutions are far more flexible and established than those of its competitors, and the company is adapting to memory shortages and planning ahead to meet demand, the analysts add. They expect another strong quarter even without any sales to China, as Nvidia is scheduled to report Q1 results after the market closes on 20 May 2026. Davidson reiterates its buy rating and raises its price target to USD300 from USD250. [WSJ 16 May 2026].
Artificial Intelligence
Mythos, announced on 7 Apr 2026, is being deployed as part of Anthropic's "Project Glasswing," a controlled initiative under which select organizations, including major tech firms such as ✅ Amazon, Microsoft, ✅ Nvidia and ✅ Apple are permitted to use the unreleased Claude Mythos Preview model for defensive cybersecurity purposes. Mythos' capabilities to code at a high level have given it a potentially unprecedented ability to identify cybersecurity vulnerabilities and devise ways to exploit them, according to experts.
[Reuters: 18 May 2026]
20 Mar 2026: "✅ Palantir's Maven artificial intelligence system will become an official program of record, Deputy Secretary of Defense Steve Feinberg said in a letter to Pentagon leaders, a move that locks in long-term use of Palantir’s weapons-targeting technology across the U.S. military. In the 9 Mar 2026 letter to senior Pentagon leaders and U.S. military commanders, Feinberg said embedding Palantir’s Maven Smart System would provide warfighters “with the latest tools necessary to detect, deter, and dominate our adversaries in all domains”. [Reuters 20 Mar 2026]
✅ Palantir's Maven will be hosted out of ✅ Amazon Web Services (AWS)’s Stockholm region. Medium
16 Jan 2026: ✅ Anthropic (Claude AI) to open an office in 🇦🇺 Australia
13 Jan 2026: ✅ Meta cuts 10% of employees in its Reality Labs (VR Metaverse) division
13 Jan 2026: ✅ Meta unveils 'Meta Compute' initiative to build AI infrastructure
10 Jan 2026: ✅ Meta signs multi-gigawatt nuclear deals to power AI
12 Jan 2026: Bloomberg: ✅ Apple and ✅ Google confirm a multi-year deal for Gemini to run AI-powered Siri later in 2026.. Barron's reports that ✅ Google is now the top AI company as ✅ Alphabet stocks rise past USD 4 trillion.
14 Apr 2025: The NATO Communications and Information Agency (NCIA) and ✅ Palantir Technologies finalized the acquisition of the Palantir Maven Smart System NATO (MSS NATO) for employment within NATO’s Allied Command Operations (ACO), marking a significant advancement in the modernization of NATO’s warfighting capabilities." [NATO Supreme Headquarters Allied Powers Europe (SHAPE): 14 Apr 2025]
26 Jun 2025: AI’s Consumer Tipping Point Has Arrived: "More than half of American adults (61%) have used AI in the past six months, and nearly one in five rely on it every day. Scaled globally, that translates to 1.7–1.8 billion people who have used AI tools, with 500–600 million engaging daily. This is no longer experimentation; it’s habit formation at an unprecedented scale." [MenloVC]
23 Jul 2025: 🇺🇸 White House AI Action Plan
13 Jan 2026: ✅ Meta pivots from Metaverse to AI devices such as RayBan Meta AI glasses.
Quantum Computing
ChatGPT comment: "The strange part isn’t that quantum computing is hard. It’s that we ever expected it to be otherwise."
Recent technological breakthroughs have deepened investor interest in the potential of quantum computing to speed up tasks ranging from drug discovery to financial modelling and cryptography.
The US Department of Commerce said on 21 May 2026 that IBM would receive USD 1 billion to set up a company (Anderon) to manufacture quantum chips, while contract chipmaker GlobalFoundries [GFS.O] will get USD 375 million to build a US factory producing components for different types of quantum machines. Other comp[anies, including ✅ D-Wave, ✅ Rigetti and Infleqtion will each get around USD 100 million. The funding comes from the CHIPS and Science Act signed by former President Joe Biden. [Reuters: 21 May 2026]
World Quantum Day: 14 April each year. The date was chosen as a reference to "4.14", the rounded first 3 digits of the Planck constant: 4.1356 67696...×10−15 eV⋅Hz−1
22 Jan 2026: 🇦🇺 Australia – 🇯🇵 Japan Quantum Computing Partnership launches on international stage. The agreement focuses on integrating quantum computing with supercomputing to accelerate scientific breakthroughs at the annual supercomputing conference in the region. Australia’s CSIRO, on behalf of the Pawsey Supercomputing Research Centre, has signed a Letter of Intent with Japan’s National Institute of Advanced Industrial Science and Technology (AIST) to strengthen scientific cooperation in quantum computing.
In 2024 ✅ IBM and PsiQuantum were awarded DARPA
US2QC grants
to develop a fully fault-tolerant quantum computer
with logical qubits protected by quantum error correction (primarily surface-code-style schemes) for its Validation and Co-Design stage of the Underexplored Systems for Utility-Scale Quantum Computing (US2QC) program
, one of two programs that make up DARPA’s larger
Quantum Benchmarking Initiative (QBI).
The goal of the QBI is to see if an industrially useful quantum computer can be built by 2033.
Companies selected for Stage B include:
- Atom Computing: Boulder, Colorado (scalable arrays of neutral atoms)
- Diraq: Sydney, Australia, with operations in Palo Alto, California, and Boston, Massachusetts (silicon CMOS spin qubits)
- IBM - Thomas J Watson Research Center: Yorktown Heights, New York (quantum computing with modular superconducting processors)
- Nord Quantique: Sherbrooke, Quebec, Canada (superconducting qubits with bosonic error correction)
- Photonic Inc: Vancouver, British Columbia, Canada (optically-linked silicon-spin qubits)
- Quantinuum: Broomfield, Colorado (trapped-ion quantum charged coupled device (QCCD) architecture)
- Quantum Motion: London, UK (metal-oxide) MOS-based silicon spin qubits)
- QuEra Computing: Boston, Massachusetts (neutral atom qubits)
- Silicon Quantum Computing Pty Ltd: Sydney, Australia (precision atom qubits in silicon)
- Xanadu: Toronto, Canada (photonic quantum computing)
Quantum News
✅ D-Wave has completed its previously announced acquisition of Quantum Circuits Inc. (“Quantum Circuits”), a leading developer of error-corrected superconducting gate-model quantum computing systems. D-Wave expects the acquisition to significantly accelerate the time to a scaled, error-corrected gate-model quantum computer alongside and complementary to its commercial annealing quantum computing systems. “The acquisition of Quantum Circuits marks a watershed moment that firmly establishes D-Wave as the world’s leading quantum computing company,” said Dr. Alan Baratz, CEO of D-Wave. “By uniquely delivering both best-in-class annealing and gate-model technologies, we are setting the pace for the entire industry. This dual-platform approach will significantly expand the addressable use cases for our customers, with the potential to deliver profound impact across businesses, the scientific community, and governments worldwide.” [D-Wave 20 Jan 2026]
✅ D-Wave earnings 2025/Q4
On 12 May 2026 D-Wave which produces annealing and gate-model quantum computers, announced its financial results for 2026/Q1 ended 31 Mar 2026. [D-Wave]
Rigetti Computing India PL, a wholly owned subsidiary of ✅ Rigetti Computing, announced on 20 Jan 2026 that it has received a USD 8.4 million purchase order to deliver a 108-qubit quantum computer to the Centre for Development of Advanced Computing (C-DAC), India’s premier R&D organization of the Ministry of Electronics and Information Technology. [News]
US Government National Institute of Science and Technology (NIST) Government Funding For 9 Quantum Companies
The Department of Commerce is proposing to provide incentives for two quantum foundries (GlobalFoundries and IBM) to help establish and accelerate foundational domestic manufacturing capacity for the quantum sector.
GlobalFoundries will receive USD 375 million in planned funding to establish a secure, domestic quantum foundry for leading architectures and multiple modalities (superconducting, trapped ion, photonic, topological, and silicon spin) used in large-scale quantum computers.
IBM will receive USD 1 billion in planned funding to establish a new quantum foundry subsidiary for quantum-grade superconducting wafers by building on its U.S. leadership in superconducting quantum wafer fabrication technology.
As at June 2026 the top quantum computer companies are: IBM, ✅ Google Quantum AI, Microsoft Corporation (Azure Quantum), ✅ D-Wave Systems, ✅ Amazon, Xanadu, ✅ Rigetti Computing, Strangeworks, Infleqtion and QuEra. They will share USD 2 billion investment funding from the US Department of Commerce. The Department of Commerce Announces Letters of Intent With 9 Companies for USD 2 Billion to Accelerate U.S. Leadership in Quantum Computing: [NIST: 21 May 2026].
"The companies listed below receiving CHIPS incentives will address multiple modalities including:
- neutral atom,
- silicon-spin,
- superconducting,
- photonic, and
- trapped ion
and accelerate R&D for the most consequential unresolved engineering problems including device reproducibility, optical complexity, error rates, cryogenic systems integration, control hardware, ultra-fast readout electronics, photonic loss, and interconnects."
"Atom Computing will receive USD 100 million in planned funding to address key technical and manufacturing challenges for neutral-atom quantum computing, including hardware development and systems integration needed to manipulate, control, and address tens of thousands of qubits, and validate their performance."
"Diraq will receive up to USD 38 million in planned funding to develop and scale quantum logic units and accelerate critical manufacturing and integration capabilities for silicon spin quantum computing technologies, including novel designs for large-scale and reliable qubit arrays."
"✅ D-Wave will receive USD 100 million in planned funding for critical advancements in annealing and gate-model superconducting quantum computing systems, including qubit counts, error rates, and coherence through advanced dielectric material optimization, interface control, and high-density advanced packaging."
"Infleqtion will receive USD 100 million in planned funding to develop the underlying engineering systems and integration requirements for large-scale neutral-atom-based quantum computers and architectures, including high-powered optical systems, novel readout and error correction systems."
"PsiQuantum will receive USD 100 million in planned funding to address key photonic quantum computing technical challenges for matured and high-performance electro-optic materials, high-temperature single-photon detectors, and ultra-low-loss photonic packaging."
"Quantinuum will receive USD100 million in planned funding to address critical technology and manufacturing bottlenecks for scaling of fault-tolerant trapped-ion-based quantum computers, such as low-loss integrated photonics, and reliable optical components at trapped-ion critical wavelengths."
"✅ Rigetti will receive up to USD 100 million in planned funding to address key technical challenges to develop and scale next generation superconducting quantum computing technologies and architectures, such as miniaturizing and integrating novel readout electronics and next generation cryostat architectures."