Critics warn that AI safety is being overlooked in the sprint to the public

Critics warn that AI safety is being overlooked in the sprint to the public

By Paul Smith
Publication Date: 2026-06-10 06:00:00

Australian fund managers and pension funds are rushing for windfalls as artificial intelligence giants Anthropic and OpenAI join SpaceX in the IPO race. But critics warn that the fight for funding is ignoring the security risks of the new technology.

Elon Musk’s blockbuster SpaceX float this week is the AI ​​frontier model maker’s first float since he merged xAI, the company behind his Grok platform, into the company in February. OpenAI filed on Tuesday alongside its main rival Anthropic for a trillion-dollar initial public offering this year.

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