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SHENZHEN COMPONENT INDEX UP OVER 1%

OpenAI is gearing up for a potential IPO by the end of 2026, emphasizing its enterprise business and high-productivity use cases, CNBC reports. CEO of Applications Fidji Simo told employees the company aims to turn ChatGPT’s 900 million weekly users into high-compute users by making it a productivity tool. CFO Sarah Friar is expanding the finance team, while OpenAI has scaled back other investments and revised its 2030 compute spending target to $600 billion, projecting $280 billion in revenue split between consumer and enterprise segments.