WS #14071
OpenAI and Anthropic slash prices as Chinese rivals gain; OpenAI revenue run-rate $40B; Apple developing China-specific AI model with Alibaba. Reddit to join S&P 500 on Aug 18, replacing AvalonBay; stock surges ~14.7% on announcement. SpaceX closes $60B acquisition of Cursor; stock erases gains, losing ~$27.8B in market cap today.
AI price war
OpenAI and Anthropic slash prices as Chinese rivals gain; OpenAI revenue run-rate $40B; Apple developing China-specific AI model with Alibaba.
Reddit to join S&P 500 on Aug 18, replacing AvalonBay; stock surges ~14.7% on announcement.
SpaceX closes $60B acquisition of Cursor; stock erases gains, losing ~$27.8B in market cap today.