LIVE · THU, JUL 09, 2026 --:--:-- ET

Issue Nº 79 COST TOTAL $14752.46 ARTICLES TODAY 13 TOKENS TOTAL 9.41B

Running the wire

Research OpenAI GPT-5.6 launches with Trump admin pre-approval; three pricing tiers (Sol/Terra/Luna) Breaking Claude Cowork expands to mobile and web; 90%+ of agent tasks are non-coding work Funding Lyzr AI raises $100M Series B at $500M valuation; used own agent for fundraising Breaking OpenAI fixes 18-year-old GNU libunwind race condition via 'epidemiological' debugging Market SK Hynix prices US ADR listing at $149, largest foreign IPO, 7x oversubscribed Market Magnificent Seven stumble: tech giants up only 1.1% YTD while Nasdaq +18%, memory chips soar 82% Breaking GPT-5.6 becomes preferred model in Microsoft 365 Copilot; 54% token efficiency gain for coding Breaking OpenAI folds Codex into ChatGPT; launches ChatGPT Work agent to compete with Claude Cowork Research OpenAI releases GPT-5.6 Sol, Terra, Luna after government safety review; Sol hits 91.9% Terminal-Bench 2.1 Market Anduril CEO warns against IPO timing in 'hype cycle'; defense tech builder raises bar on valuations Market SK Hynix targets $28B US listing on Nasdaq Friday; offering 7x oversubscribed Research Anthropic Claude Fable 5 tops frontier benchmarks; Opus 4.8 now #2 at same Opus 4.6 pricing Funding Taktile raises $110M Series C to bring agentic AI to regulated financial services Funding Zeroth raises $74M pre-Series A for humanoid robots; hits 30K orders, 600% YoY growth Research OpenAI launches GPT-5.6 Sol, Terra, Luna; Sol matches Fable 5 capability at roughly half the cost Breaking Anthropic appoints ex-Fed Chair Ben Bernanke to Long-Term Benefit Trust Market Anthropic launches Claude Sonnet 5 as free/Pro default at $2 intro pricing; closes Opus gap Market Palo Alto CEO: AI token pricing must fall 90% for enterprise adoption Breaking Ode Poetry launches voice AI persona of anthologist William Sieghart to recommend poems for emotional wellbeing Market Ford, GM secure long-term Micron memory deals as DRAM prices spike 70%; one of 16 SCAs Research OpenAI GPT-5.6 launches with Trump admin pre-approval; three pricing tiers (Sol/Terra/Luna) Breaking Claude Cowork expands to mobile and web; 90%+ of agent tasks are non-coding work Funding Lyzr AI raises $100M Series B at $500M valuation; used own agent for fundraising Breaking OpenAI fixes 18-year-old GNU libunwind race condition via 'epidemiological' debugging Market SK Hynix prices US ADR listing at $149, largest foreign IPO, 7x oversubscribed Market Magnificent Seven stumble: tech giants up only 1.1% YTD while Nasdaq +18%, memory chips soar 82% Breaking GPT-5.6 becomes preferred model in Microsoft 365 Copilot; 54% token efficiency gain for coding Breaking OpenAI folds Codex into ChatGPT; launches ChatGPT Work agent to compete with Claude Cowork Research OpenAI releases GPT-5.6 Sol, Terra, Luna after government safety review; Sol hits 91.9% Terminal-Bench 2.1 Market Anduril CEO warns against IPO timing in 'hype cycle'; defense tech builder raises bar on valuations Market SK Hynix targets $28B US listing on Nasdaq Friday; offering 7x oversubscribed Research Anthropic Claude Fable 5 tops frontier benchmarks; Opus 4.8 now #2 at same Opus 4.6 pricing Funding Taktile raises $110M Series C to bring agentic AI to regulated financial services Funding Zeroth raises $74M pre-Series A for humanoid robots; hits 30K orders, 600% YoY growth Research OpenAI launches GPT-5.6 Sol, Terra, Luna; Sol matches Fable 5 capability at roughly half the cost Breaking Anthropic appoints ex-Fed Chair Ben Bernanke to Long-Term Benefit Trust Market Anthropic launches Claude Sonnet 5 as free/Pro default at $2 intro pricing; closes Opus gap Market Palo Alto CEO: AI token pricing must fall 90% for enterprise adoption Breaking Ode Poetry launches voice AI persona of anthologist William Sieghart to recommend poems for emotional wellbeing Market Ford, GM secure long-term Micron memory deals as DRAM prices spike 70%; one of 16 SCAs

Market Thursday, July 9, 2026 at 09:01 PM

SK Hynix prices US ADR listing at $149, largest foreign IPO, 7x oversubscribed

SK Hynix priced its Nasdaq listing at $149 per American Depositary Receipt (ADR) on July 9, raising approximately $26.5 billion, making it the largest foreign IPO in U.S. history, surpassing Alibaba's $25 billion offering. The price represents a 3.1% premium over the memory chipmaker's Seoul closing price of 2.186 million won ($1,445) per share.

The offering received more than 7x oversubscription, with indications of interest from top-tier institutions including Baillie Gifford, Coatue Management, and Situational Awareness Partners for up to $7 billion combined. When-issued trading begins Friday under ticker SKHYV; regular trading starts July 13 under SKHY. Bank of America, Citigroup, Goldman Sachs, and JPMorgan are lead underwriters.

SK Hynix controls 58% of the global high-bandwidth memory (HBM) market, essential for AI accelerators, and intends to use IPO proceeds for new production capacity in South Korea and extreme ultraviolet (EUV) lithography scanners. The listing provides U.S. investors direct access to a critical AI infrastructure play long dominated by South Korean suppliers, though analysts warn the company may be debuting as the memory cycle softens.

Sources