Alibaba and Tencent have chosen to back Kling AI rather than compete against it, according to the article. Jersey Mike's Subs filed for a roughly $1 billion initial public offering on the New York Stock Exchange, and its S-1 filing mentions "artificial intelligence" and "AI" 22 times, more than weather (five mentions) and lightning (zero mentions) combined. The company filed with the SEC on July 2, seeking to list under the ticker JMKE. Blackstone bought a majority stake in the chain in 2024 in a deal that valued it at roughly $8 billion, and the company is reportedly hoping to raise more than $1 billion at a valuation north of $12 billion. It has grown to about 3,300 locations and booked $714 million in revenue for the twelve months ended March 31, 2026. Charlie Morrison is the CEO, and Danny DeVito fronts its ad campaigns. Most of the 22 AI mentions are defensive boilerplate risk-factor language. A real AI product involves a voice system for phone-in takeout orders at roughly 50 locations, and digital orders account for about 42% of total occasions. Bloomberg Law has reported a roughly 700% increase in AI related disclosures across SEC filings.