By Ben Graham
Publication Date: 2026-06-09 00:12:00
The global economy has been rocked by another AI industry bombshell that could have a negative impact on Australian super holders.
The AI frenzy is now generating so much interest in Australia that the Commonwealth Bank’s CommSec trading platform has struggled to keep up with demand, despite being open to take calls on the King’s Birthday holiday – a highly unusual move. Those hoping to attend Space X’s IPO on Friday had to wait up to an hour to speak to someone.
Now the excitement seems to be getting even crazier as ChatGPT maker OpenAI took its first step toward an IPO this morning, a week after arch-rival Anthropic announced its own filing, as both companies look to raise the massive amounts of money needed for expansion.
In a social media post, the Sam Altman-led company said it had confidentially filed an S-1 registration statement with U.S. securities regulators but had “not yet decided on the timing” of a possible debut.
OpenAI’s move follows a confidential…
