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AI & Enterprise

Prediction markets price 77 percent chance OpenAI will unveil GPT-6 by Sept. 30

Prediction markets are increasingly pricing in a high chance that OpenAI will unveil its next AI model, GPT-6, by the end of September. Crypto-based platforms Polymarket and Myriad put the probability of a release by Sept. 30 at about 77 to 78 percent, reflecting bettors’ expectations rather than an official schedule. OpenAI has not announced a GPT-6 timeline or specifications, and the company has made no separate statement on development or launch timing.

Industry

SpaceX IPO may benefit Elon Musk but hurt retail investors

SpaceX is pursuing an initial public offering at a valuation of more than $1 trillion, with losses in its AI business, uncertainty over Starship development and about $30 billion in debt emerging as key risks. A filing cited in a report also highlighted financial burdens, related-party transactions and concentrated voting power. The company put its total addressable market at $28.5 trillion, largely tied to AI, while Starlink generated more than $11 billion in revenue last year.

Industry

Homeplus to suspend operations at 37 stores from May 10 as survival hinges on restructuring plan approval

Homeplus, which is undergoing corporate rehabilitation proceedings, is launching a second round of restructuring by temporarily suspending operations at 37 low-contribution hypermarket stores from May 10 to July 3. It signed a sale contract for its Homeplus Express business with NS Shopping, but said the sale alone is insufficient to secure operating funds and normalise remaining units. Homeplus urged its largest creditor, Meritz Financial Group, to provide bridge and DIP loans.