A D.C. councilmember says he's in touch with a producer for the ABC TV drama "Scandal" who'd like to bring the show to the city to shoot scenes in August.
Councilman Vincent Orange says the "Scandal" shoot would be dependent on continued funding of the city's film incentive program. "Scandal" is set in Washington but shoots in Los Angeles.
Washington's incentive fund has $4.5 million this fiscal year. Mayor Vincent Gray's office has proposed moving the money elsewhere and committing just $1 million to incentives next year.
Orange says the city needs incentives so shows set in the capital actually shoot scenes there. He's also met with producers for the Netflix drama "House of Cards," shot primarily in Maryland.
Others say the incentive money could be better spent elsewhere.
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Sam Altman arrives at the U.S. District Court in Oakland, Calif., April 30, 2026. (AP Photo/Godofredo A. Vásquez, file)
ChatGPT maker OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, the third in a powerhouse trio of artificial intelligence companies racing to Wall Street debuts.
The San Francisco-based company said Monday it has filed confidential paperwork with the U.S. Securities and Exchange Commission.
"We expect it to leak so we're just announcing it," the company said in a statement. "We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it's a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best."
OpenAI's move follows its rival Anthropic's June 1 disclosure that it is also moving toward an initial public offering of shares. Both are now following Elon Musk's rocket company SpaceX, which has started an IPO roadshow pitching itself as an AI-focused space company.
OpenAI CEO Sam Altman first publicly floated the possibility of an IPO last fall, describing it as the "most likely path" for the company given its size and the need for vast amounts of capital to advance its technology.
OpenAI began in 2015 as a nonprofit dedicated to developing AI for the common good and is now a company valued at $852 billion.
The filing comes at a "precarious moment" for OpenAI as it appears to be losing ChatGPT's strong early leads with consumers and businesses to Google and Anthropic, said Emarketer analyst Nate Elliott.
"But OpenAI doesn't have a lot of other places to look for the enormous capital required to support its costs," Elliott said.
Paving the way for going public was OpenAI's decision last year to reorganize its business structure and... Read More
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