Story perspectives

OpenAI Targets $1 T IPO as Google Launches Conversational Gemini Search

5/26/2026

Summary

Story summary

OpenAI is preparing a U.S. IPO targeting a $1 trillion valuation and $60 billion, Reuters reported.
OpenAI CEO Sam Altman told Comyn on Tuesday, May 26, 2026 that AI has not caused a jobs apocalypse.
Dr. Michael Gofman warned at Hebrew University that AI will transform the economy and urged public sector cooperation.
Google announced search engine will run on the Gemini 3.5 Flash model starting Tuesday, May 26, 2026, making search box conversational.

History

Historical Context

In 1998 Google secured $100,000 seed money and a $25 million venture round in 1999, then hired Eric Schmidt as CEO in 2001. Its August 19 2004 IPO offered 19.6 million shares at $85, raising $1.67 billion and valuing the firm above $23 billion, sparking a tech-stock boom. That precedent underpins OpenAI’s planned 2026 U.S. IPO, which aims to echo Google’s capital-raising impact.

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Story summary

OpenAI is preparing a U.S. IPO targeting a $1 trillion valuation and $60 billion, Reuters reported.
OpenAI CEO Sam Altman told Comyn on Tuesday, May 26, 2026 that AI has not caused a jobs apocalypse.
Dr. Michael Gofman warned at Hebrew University that AI will transform the economy and urged public sector cooperation.
Google announced search engine will run on the Gemini 3.5 Flash model starting Tuesday, May 26, 2026, making search box conversational.

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