Author: IBL News

IBL News | New York

OpenAI, the San-Francisco lab that sparked the AI boom but later fell behind rival Anthropic, is fighting for a comeback.

“We did not have our best 12 months ever, which is mostly my fault, but we are about to have our best 12 months to date,” CEO Sam Altman admitted in a post on X earlier this month. “The team is doing amazing work, and I think you’ll be very happy with what they’ve got cooking for you.”

Growth of its flagship consumer product, ChatGPT, has slowed, and sales staff are locked in a costly battle to win over lucrative business customers by offering volume discounts and other sweeteners, The Wall Street Journal reported.

Powered by the success of its coding tool Claude Code, Anthropic’s revenue growth recently surpassed OpenAI’s, as did its valuation—now nearing $1 trillion.

In addition, Anthropic is accelerating plans for an IPO during the fall, emphasizing its lead over OpenAI, which might now wait until next year to go public.

Altman initially staked the business’s growth on ChatGPT, betting that more people would subscribe to the chatbot. Instead, the overnight success of a hit coding tool, Claude Code, made clear that the bigger prize came from selling tools to enterprise and software developers— for “real-world tasks” that reflected how businesses actually used AI, as it framed them.

As it chases its competitor, OpenAI is now scrambling to enter the enterprise market with its Codex programming tool and other professional models.

However, to date, Codex has underperformed expectations, and software engineers prefer Claude Code.

OpenAI also struck a deal with Amazon to sell AI tools to the cloud giant’s customers and hired former Slack CEO Denise Dresser to become its first chief revenue officer.

The company recently released a “super app” that integrates Codex with ChatGPT and a web browser,

This month, it released a new model, called GPT 5.6 Sol, that became an instant hit with developers—and led Anthropic to extend access to its own powerful Fable model to compete.

It is also benefiting from a broader industry backlash against Anthropic, which has been accused of trying to keep cheaper, Chinese models out of the U.S.

IBL News | New York

French AI startup Mistral announced this week that its platform will support third-party open models, starting with Chinese Z.ai’s GLM-5.2. These open models will run on the same infrastructure, regional controls, and service commitments as Mistral.

The company highlighted its commitment to sovereign AI: “We believe every enterprise and country must be in control of the models it uses, choose where the intelligence runs, control the compute capacity to scale it, and retain its compounding value.”

With this move, Mistral seeks to ensure European AI sovereignty by attracting businesses and institutions through long-term commitments.

Mistral’s new Priority Tier, now in public preview, provides committed service levels for mission-critical workloads, including custom rate limits, and is backed by an uptime SLA.

The Paris-based organizations stated that “it is the only European AI lab to offer both: choice of processing region and a committed, SLA-backed service level.” At the same time, it participates in the Open Secure AI Alliance and NVIDIA Nemotron Coalition.

IBL News | New York

Elon Musk’s SpaceX introduced Grok 4.6 yesterday, ensuring that its AI model matched GPT-5.6 Sol on the Artificial Analysis Intelligence Index, a composite score of nine benchmarks, but performing at a significantly lower price.

This agent model, according to the company, has a particular focus on long-running agents: “It stays with complex tasks across many steps, whether researching a topic, analyzing information, working across a codebase, or turning an idea into a polished application or work artifact.”

Grok 4.6 was available yesterday in Cursor — recently acquired by SpaceX — and Grok Build. In addition, it’s available via the SpaceX AI API.

Its base API price remains $2 per million input tokens and $6 per million output tokens, the same rates SpaceXAI set for Grok 4.5.

The model documentation lists a 500,000-token context window, text and image inputs, structured outputs, reasoning, and function calling.

SpaceX acquired Cursor’s parent, Anysphere, for approximately $60 billion in stock.

Grok 4.7 is significantly better than 4.6 and should be ready in 3 to 4 weeks.

Initial training is complete and now we’re adding a massive amount of SpaceX company data in supplemental training. This will be something special.

— Elon Musk (@elonmusk) August 12, 2026

great model.

can you drop a usage reset as well? 🙏

spent all usage before grok 4.6 dropped on making a movie scene in grok imagine 2.0https://t.co/9vbKllAdLp

— Marko Njegomir (@njmarko) August 12, 2026