Morning brief

Tuesday, June 9

2 people · 0 companies · 3 topics

TL;DR OpenAI’s confidential S-1 reveals a projected $14B non-GAAP loss in 2026 and no profitability until 2029, alongside Altman and Pachocki’s “third phase” manifesto. WWDC day two delivered Xcode 27 Agent Mode with MCP, GitHub/Figma integrations, and Apple-Silicon-only status; ChatGPT rolled out a “Dreaming” memory upgrade to Plus/Pro users.

Models & research

  • model-releases OpenAI rolled out the ChatGPT “Dreaming” memory upgrade to Plus and Pro users in the US today: the model continuously extracts and updates facts from your full chat history in the background, doubling memory capacity; internal evals show factual recall up from 67.9% to 82.8%. Neowin · OpenAI release notes

People

  • sama Altman and chief scientist Jakub Pachocki published “Built to benefit everyone: our plan” alongside the S-1 filing, framing OpenAI’s next phase as building an automated AI researcher while explicitly rejecting full automation as “unfulfilling and dangerous.” OpenAI · The Decoder
  • emollick pushed back on a paper arguing prior ML systems’ lack of productivity savings predicts lower AI investment, calling it “super weird” and noting it cites a “mostly fake MIT study.” X

Tools & dev

  • dev-tools WWDC26 session 241 (June 9): Apple shipped a LanguageModel Swift protocol letting apps swap between on-device Foundation Models, Anthropic Claude, and Google Gemini via a single SPM dependency change with no session-code rewrites; both Anthropic and Google published launch-day packages. TechTimes · WWDC26 session 241
  • agentic-ai Xcode 27 ships Agent Mode at WWDC26: dual-engine setup with local Neural Engine for real-time Swift suggestions and cloud routing to Claude, Gemini, or OpenAI for heavy tasks; MCP wires in 20+ tools; GitHub and Figma are day-one integrations; app is now Apple Silicon-only and 30% smaller. WWDC26 session 258 · FoneArena

Other

  • OpenAI confidentially filed its S-1 June 8-9: $852B valuation, $20B+ ARR, targeting a September debut with Goldman Sachs/Morgan Stanley/JPMorgan underwriting; internal documents project a $14B non-GAAP loss in 2026 with profitability not expected until 2029. Fortune · Yahoo Finance on losses
  • OpenAI launched the Economic Research Exchange June 8: a structured grant program funding external researchers studying how AI affects workers, firms, and the economy; applications close July 5. OpenAI