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Each item is one event, written from several sources, with a footnote for every fact.

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Acquisition

Meta acquires AI coding startup Conductor

In early November 2026 Meta acquired Conductor, a startup whose platform runs multiple AI coding agents in parallel workspaces. Conductor's cloud service was set to shut down on 20 November 2026.

Release

iFlytek releases Spark X2.5

On 7 September 2026 iFlytek released Spark X2.5, a 293B-A30B mixture-of-experts model trained and served on domestic compute, focused on code and agent tasks, with open-source on-device models supporting up to 1 million tokens of context.

Release

StepFun releases Step 5 Preview

In September 2026 StepFun released Step 5 Preview as its new flagship foundation model. It is a sparse MoE with 600 billion total parameters, supports up to 1 million tokens of context, and is offered through the StepFun Open Platform API.

Milestone

OpenAI confidentially files for an IPO

On 8 June 2026 OpenAI confirmed it had filed confidentially for an IPO with the US SEC, against a 2025 operating loss of $20.92 billion and annualised revenue above $20 billion. The listing was later pushed to 2027.