AI, billions and the race to go public

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Artificial intelligence companies including OpenAI, Anthropic and SpaceX are preparing for potential stock market listings in 2026, as investor interest in the sector pushes combined company valuations towards the trillion-dollar mark. President Trump has also decided against signing a planned executive order on AI regulation today, a move being closely watched by technology companies and investors. And Universal Music Group and Spotify have signed a new agreement around AI-generated music — including covers and remixes that imitate artists’ voices and styles — raising fresh questions about ownership, consent and how musicians should be compensated in the age of AI. (Picture: REUTERS/Kent Nishimura)