GPT-5.6 Reactions, Phoebe Gates' Phia Backlash, Hollywood Chases Internet Horror | Diet TBPN

SK Hynix pulled off the largest US IPO by a foreign company ever, raising $26.5 billion in its NASDAQ debut. The South Korean memory chip giant's shares opened at $170, a 14% pop above the $149 issue price. Demand reportedly exceeded available shares by more than sevenfold. The company's American depositary receipts trade under a temporary ticker, SKHY V, before reverting to SKHY on Monday—the "V" indicates when-issued trading, a tool used when a transaction has been announced but the actual delivery of shares hasn't finished. The blockbuster listing caps an extraordinary run for memory manufacturers, fueled by surging demand from AI systems, particularly for high-bandwidth memory used alongside advanced AI accelerators. SK Hynix, Samsung, and US-based Micron dominate the global memory market, and SK Hynix's Korean-listed shares are up over 600% in the past year. The IPO gives US investors direct exposure to one of the AI boom's most critical bottlenecks without having to trade on the Kosdaq, South Korea's secondary index. Baillie Gifford and other early investors who participated in the $26.5 billion raise are sitting on a 14% gain on day one.

GPT-5.6 Launches with Demos, Controversy, and a Desktop App Shake-Up