OpenAI on Monday checked off a preliminary step in the IPO race that it and rival Anthropic have been competing in for the better part of a year: The company announced it has confidentially submitted a Form S-1 with the US Securities and Exchange Commission, following Anthropic's decision to do the same on June 1st. The confidential filing means that certain details normally available through the ...
OpenAI on Monday checked off a preliminary step in the IPO race that it and rival Anthropic have been competing in for the better part of a year: The company announced it has confidentially submitted a Form S-1 with the US Securities and Exchange Commission, following Anthropic's decision to do the same on June 1st. The confidential filing means that certain details normally available through the form - such as executive compensation figures, potential risks to a company's business, and more financials - aren't yet public. As of Anthropic's most recent fundraise, it's being called the world's most valuable startup, with a post-money valu … Read the full story at The Verge.
Chip Somodevilla/Getty Images News OpenAI ( OPENAI ) outlined a new goal where it hopes to deliver a personal AGI, or artificial general intelligence, to every human on the planet. It was one of three new goals the Microsoft-backed ( MSFT ) company revealed today in a blog post by OpenAI CEO Sam Altman and its chief scientist Jakub Pachocki. "Give everyone on Earth a personal AGI , empowering them...
Chip Somodevilla/Getty Images News OpenAI ( OPENAI ) outlined a new goal where it hopes to deliver a personal AGI, or artificial general intelligence, to every human on the planet. It was one of three new goals the Microsoft-backed ( MSFT ) company revealed today in a blog post by OpenAI CEO Sam Altman and its chief scientist Jakub Pachocki. "Give everyone on Earth a personal AGI , empowering them to benefit from one of humanity's most transformative technologies in whatever way they choose," they said. The other main goals include building an automated AI researcher and accelerating the economy. They also echoed a sentiment made clear in a blog post last week by rival Anthropic ( ANTHRO ). Anthropic plans to organize meetings with policymakers, researchers, and other AI companies to discuss how to prevent AI from becoming a possible threat to humanity. "We are optimistic about AI because we believe it can expand human capability and prosperity," wrote Altman and Pachocki. "But we are also clear-eyed about the risks. Powerful systems must remain safe, aligned with human intent, and subject to human control." They called for the creation of an international organization to help regulate AI. "As frontier AI development continues, we expect national and global coordination to become more important," they added. "We have long believed there should ultimately be an international organization that helps coordinate leading AI efforts to reduce catastrophic risk. Cooperation and shared safety standards are an important part of the path forward, especially because the incentives around commercial and national competition are hard to escape." More on OpenAI, Anthropic and Microsoft Microsoft: The $37 Billion AI Question Investors Can't Ignore Microsoft: Future Global Cognitive Utility Microsoft Stock Rejected A Key Resistance Level. What's Next US acquiring voluntary equity stakes in AI firms appears manageable: Wedbush Microsoft in focus as NHS rolls out Microsoft 365 Copilo...
monsitj/iStock via Getty Images Gold could test major support at $4,000/oz this week if inflation pressures heat up more than expected, Forex.com analyst Fawad Razaqzada said Monday in a note, after prices dropped below their 200-day moving average . "The technical picture has deteriorated noticeably following last week's selloff," Razaqzada wrote. "Gold's inability to sustain gains above the $4,5...
monsitj/iStock via Getty Images Gold could test major support at $4,000/oz this week if inflation pressures heat up more than expected, Forex.com analyst Fawad Razaqzada said Monday in a note, after prices dropped below their 200-day moving average . "The technical picture has deteriorated noticeably following last week's selloff," Razaqzada wrote. "Gold's inability to sustain gains above the $4,500 region ultimately left the market vulnerable to a deeper correction, with the break beneath the 200-day moving average accelerating downside momentum." The next major area of support is a longer-term ascending trend line near $4,230/oz, the analyst said, creating the potential for a more pronounced decline if sellers maintain control, and "given the current market structure, a move toward the psychologically important $4,000 level can no longer be ruled out." The bearish short-term outlook comes ahead of Wednesday's Consumer Price Index report, with core inflation expected to rise 2.9% over the last 12 months. "Another firm inflation reading would likely strengthen expectations that rates remain elevated for longer, potentially providing further support for the dollar while weighing on precious metals." according to Razaqzada. On Monday, gold futures swung between small gains and losses Monday after giving up nearly 5% last week, as Iran and Israel agreed to ease strikes against each other after a flare-up in violence that threatened to derail peace negotiations, although gains were limited by strong U.S. jobs data that hiked expectations of a Federal Reserve rate hike. While gold is traditionally sought as a safe haven during war, a peace deal would reduce energy-driven inflation risks and ease the pressure on central banks to keep interest rates high; higher interest rates tend to hurt non-yielding gold. Front-month Comex gold ( XAUUSD:CUR ) for June delivery fell $1.20/oz, less than 0.1%, to $4,335.90/oz, its lowest settlement value since January 2, and front-month...
Hedge fund billionaire Daniel Loeb added several mega-cap and technology companies to his Third Point LLC portfolio in the first quarter of FY26. The investor placed his bets on Meta Platforms, Inc. and Alphabet Inc., acquiring 90,000 and 175,000 shares,...
Hedge fund billionaire Daniel Loeb added several mega-cap and technology companies to his Third Point LLC portfolio in the first quarter of FY26. The investor placed his bets on Meta Platforms, Inc. and Alphabet Inc., acquiring 90,000 and 175,000 shares,...
Good morning . Iran and Israel conditionally agree to ease strikes after Trump’s plea. A Chinese startup wants to lead Beijing to brain-tech dominance. And a Japanese conveyor-belt sushi chain is on a roll in China. Listen to the day’s top stories . Market Snapshot WTI Crude Futures $91.30 +0.8% Alibaba $120.07 -0.8% Apple $301.54 -1.9% Market data as of 05:03 PM ET. Data is subject to provider de...
Good morning . Iran and Israel conditionally agree to ease strikes after Trump’s plea. A Chinese startup wants to lead Beijing to brain-tech dominance. And a Japanese conveyor-belt sushi chain is on a roll in China. Listen to the day’s top stories . Market Snapshot WTI Crude Futures $91.30 +0.8% Alibaba $120.07 -0.8% Apple $301.54 -1.9% Market data as of 05:03 PM ET. Data is subject to provider delays. Iran and Israel agreed to halt attacks against each other after a flare-up of violence threatened to derail peace negotiations and spurred Donald Trump to appeal for de-escalation. Earlier, Israeli TV station N12 reported that strikes in southern Lebanon will continue at full force, while Tehran warned of “much harsher and more crushing actions” if Israel continues bombings. Xi Jinping pledged “unwavering support” for Kim Jong Un, saying China will deepen trade, agriculture and technology ties with North Korea . But Xi avoided any public mention of North Korea’s nuclear program during the Pyongyang meeting, focusing instead on strengthening commerce, diplomacy and promoting tourism. The Pentagon accused Alibaba Group, Baidu and BYD of supporting the Chinese military — a move that risks provoking new friction with Beijing. Additionally, the US urged NATO allies to use defense funds to replace gear from Huawei Technologies in their networks and critical infrastructure, according to people familiar with the matter. Powerful Philippine Quake Kills 35, Displaces Thousands Read more SpaceX’s blockbuster initial public offering is heavily oversubscribed, with banks expected to stop taking institutional orders Wednesday after the New York market closes, people familiar with the matter said. OpenAI filed confidentially for its IPO. In India, rapid-commerce firm Zepto has filed for a listing of roughly $1 billion. More tech: Apple’s new Siri AI platform was met with a lukewarm reaction from investors. The AI features will be unavailable in China while the company addresses regu...
England defender getting used to protective brace and hopeful of contributing to Tuchel’s tournament effort In the disorientation of the moment, as Djed Spence lay on the turf, the pain radiating from the left side of his jaw, it was tempting to wonder what flashed through his mind. The Tottenham full-back had been cleaned out by the elbow of Chelsea’s Liam Delap in the closing stages of the penul...
England defender getting used to protective brace and hopeful of contributing to Tuchel’s tournament effort In the disorientation of the moment, as Djed Spence lay on the turf, the pain radiating from the left side of his jaw, it was tempting to wonder what flashed through his mind. The Tottenham full-back had been cleaned out by the elbow of Chelsea’s Liam Delap in the closing stages of the penultimate game of the Premier League season. Spence had eyes only for the high ball while Delap looked directly at his opponent before spinning and throwing out his left arm. For starters, there had to be surprise that Delap was not sent off. “Yeah, it was a crazy challenge,” Spence says. What about his involvement in Spurs’ final match of their relegation battle at home against Everton ? And beyond that, the World Cup? Did he fear it might be all over for him? Continue reading...
Alex Lasry, Chief Executive Officer of the NYNJ Host Committee for the FIFA World Cup 2026, says the region is ready for the tournament and contingency plans are in place for any transportation issues that arise. (Source: Bloomberg)
Alex Lasry, Chief Executive Officer of the NYNJ Host Committee for the FIFA World Cup 2026, says the region is ready for the tournament and contingency plans are in place for any transportation issues that arise. (Source: Bloomberg)
Hong Kong has taken a monumental step forward in expanding its global economic footprint. Last week, Chief Executive John Lee Ka-chiu, leading a high-level business delegation, wrapped up a successful five-day mission to Kazakhstan and Uzbekistan. This historic visit – marking the first time the chief executive has led a mission to Central Asia – yielded 96 cooperation agreements and memorandums o...
Hong Kong has taken a monumental step forward in expanding its global economic footprint. Last week, Chief Executive John Lee Ka-chiu, leading a high-level business delegation, wrapped up a successful five-day mission to Kazakhstan and Uzbekistan. This historic visit – marking the first time the chief executive has led a mission to Central Asia – yielded 96 cooperation agreements and memorandums of understanding valued at more than US$1.65 billion. The exceptional results signal a major pivot...