OpenAI slows frontier training after detecting emergent behaviors, Anthropic prepares for a potential $2T IPO, and Google ships Gemini 3.7 Flash just three weeks after the prior release. The AI price war intensifies as Chinese rivals undercut Western labs, while Stripe's $7.5B acquisition of OpenRouter signals consolidation in the model-routing layer.
The AI industry is in a paradox: revenue and valuations are soaring while consumer trust is eroding. Anthropic hits $65B annualized revenue and a potential $2T IPO valuation, yet surveys show ordinary users are growing warier of AI. Model competition intensified as Google shipped Gemini 3.7 Flash three weeks after 3.6, and ByteDance began training a 10-trillion-parameter model.
