OpenAI files for IPO, Pentagon lists Chinese firms, Ukraine advances reforms

OpenAI has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission, reportedly valued at $852 billion. Meanwhile, the Pentagon has named several prominent Chinese firms, such as Alibaba, Baidu, BYD, and Unitree, as entities supporting the Chinese military. In Ukraine, the Verkhovna Rada passed legislation to tax digital platforms with 241 votes, meeting a key structural requirement for its International Monetary Fund program. Furthermore, Ukrainian Commander-in-Chief Oleksandr Syrskyi approved a strategic plan for missile forces and artillery development through 2030, targeting capabilities to strike up to 2000 km. The nation's Energy Support Fund also concluded contracts worth over €25.7 million in May for vital energy equipment. Sources: Forbes Ukraine