Getty Images Have investments in Artificial Intelligence crossed into bubble territory? No one can say for certain (even if they’re certainly confident), but we will gain insights when OpenAI ( OPENAI ) launches its IPO. The IPO filing is expected to land in the near future, possibly as soon as Friday . From there, the IPO will likely land in the second half of 2026. Even more so than Anthropic ( ...
Getty Images Have investments in Artificial Intelligence crossed into bubble territory? No one can say for certain (even if they’re certainly confident), but we will gain insights when OpenAI ( OPENAI ) launches its IPO. The IPO filing is expected to land in the near future, possibly as soon as Friday . From there, the IPO will likely land in the second half of 2026. Even more so than Anthropic ( ANTHRO ), which may also push for an autumn IPO, OpenAI will tell us more about the state of AI as an industry and the vibes investors are feeling. OpenAI is directly contending with many of the challenges that AI bears are worried about in the industry as a whole. Vast resources are being thrown at AI in general, and OpenAI is, in the eyes of some, one of the heaviest spenders. That said, OpenAI isn’t alone in massive spending. Will investors be able to stomach OpenAI’s spending? We’ll find out at the IPO. Alphabet ( GOOG ) has many legacy products and services that can be used to champion Gemini, giving them an instant “way in” with many people. OpenAI, while popular, will face more of an uphill battle for now. OpenAI is a pure play, making it a better barometer compared to highly diversified companies pursuing AI among many other things. The free ChatGPT chatbot may be “good enough” for too many people. Why should customers upgrade when the free version satisfies their needs? Many AI companies are offering free compute and interaction, so eliminating the free tier will be difficult. Open-source AI models may become a serious threat to pay-for-play companies. Anthropic's focus on coding (for now) and Alphabet’s already built-in user base may provide some insulation. OpenAI strikes me as more exposed. Investors' Moods Are Vital OpenAI has continued to attract investments from institutional investors and the like, even as its valuation soared. We know there are some bulls out there, but we don’t know how many. Once Main Street and Wall Street can invest, we’ll know how the ...
Harmonic Drive Systems Inc. press release ( HSYDF ): FY GAAP EPS of ¥16.99. Revenue of ¥59.55B (+7.0% Y/Y). More on Harmonic Drive Systems Inc. Historical earnings data for Harmonic Drive Systems Inc. Dividend scorecard for Harmonic Drive Systems Inc. Financial information for Harmonic Drive Systems Inc.
Harmonic Drive Systems Inc. press release ( HSYDF ): FY GAAP EPS of ¥16.99. Revenue of ¥59.55B (+7.0% Y/Y). More on Harmonic Drive Systems Inc. Historical earnings data for Harmonic Drive Systems Inc. Dividend scorecard for Harmonic Drive Systems Inc. Financial information for Harmonic Drive Systems Inc.
During a Y Combinator event on Tuesday night, Sam Altman had what YC partner Tyler Bosmeny called a “mic drop moment.” Altman offered $2 million worth of OpenAI tokens to every startup in the current class in exchange for equity in the startup. In other words, he promised that OpenAI would invest in the whole class, not with cash but with an allotment of AI tokens that startups can use to build th...
During a Y Combinator event on Tuesday night, Sam Altman had what YC partner Tyler Bosmeny called a “mic drop moment.” Altman offered $2 million worth of OpenAI tokens to every startup in the current class in exchange for equity in the startup. In other words, he promised that OpenAI would invest in the whole class, not with cash but with an allotment of AI tokens that startups can use to build their products. i am excited to see what will happen with tokenmaxxing startups, both for how they work internally and the products they can build. openai offered to invest $2M in tokens into every startup in the current yc batch. happy building! https://t.co/YSHYJoutuf — Sam Altman (@sama) May 20, 2026 Y Combinator has about 169 startups in this cohort, according to its directory. As for how much equity each startup can expect to give up, that can’t be determined at the time it signs the deal. It will depend on how much the startup is worth when it raises its first priced round — a funding round in which investors assign the company a formal valuation. Y Combinator Managing Director Jared Friedman tells TechCrunch that the deal will be offered as an “uncapped SAFE,” meaning, “it will convert in the next priced round, which is typically the Series A,” he said. A SAFE is YC’s standard agreement structure for its early-stage companies that raise money before their first “priced” rounds with valuations involved. An uncapped SAFE doesn’t set a ceiling on that valuation, which can benefit founders because the higher the valuation at conversion, the smaller the slice of the company the investor receives. We’ve seen some discussion on X that this deal could amount to OpenAI holding about 2% equity should a startup hit a $100M valuation, though without seeing the actual terms, we can’t verify that. For OpenAI, the deal works on two levels. Obviously, it gains equity in this crop of early-stage companies, meaning it profits if they succeed. But it also encourages them to build their b...
SpaceX unveiled its plans to list publicly on the US stock market Wednesday, disclosing its investor prospectus and revealing details about its financials for the first time. Elon Musk’s rocket and satellite operations company will go public next month at a valuation of around $1.75tn. The company, which is the world’s most prominent rocket maker and which has extensive contracts with the US gover...
SpaceX unveiled its plans to list publicly on the US stock market Wednesday, disclosing its investor prospectus and revealing details about its financials for the first time. Elon Musk’s rocket and satellite operations company will go public next month at a valuation of around $1.75tn. The company, which is the world’s most prominent rocket maker and which has extensive contracts with the US government, confidentially filed for an IPO last month. The filing allowed for a period of regulatory review before the details became public. “Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars,” SpaceX declared in its filing. More details soon …
CEMATRIX ( CEMX:CA ) said on Wednesday that it has won $4.1 million in new contract awards. Some of the larger awards include an abandonment application for a public utility project and a load-reducing fill application for a city infrastructure project. The remaining awards are for small- to mid-sized projects for lightweight fill applications in Canada and the US. The majority of the work related...
CEMATRIX ( CEMX:CA ) said on Wednesday that it has won $4.1 million in new contract awards. Some of the larger awards include an abandonment application for a public utility project and a load-reducing fill application for a city infrastructure project. The remaining awards are for small- to mid-sized projects for lightweight fill applications in Canada and the US. The majority of the work related to these awards is expected to be completed in 2026. With this, the firm has received $21.1M worth of new contract awards YTD. Source: Press Release More on CEMATRIX CEMATRIX renews share buyback program CEMATRIX secures $4.7M in new project awards
私隱公署接24宗投訴 遭騙徒扮「BUILT-IN PRO」職員來電騙財 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】個人資料私隱專員公署接獲24宗投訴及7宗查詢，涉及騙徒冒充電器零售商職員致電客戶。 公署表示，...
私隱公署接24宗投訴 遭騙徒扮「BUILT-IN PRO」職員來電騙財 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】個人資料私隱專員公署接獲24宗投訴及7宗查詢，涉及騙徒冒充電器零售商職員致電客戶。 公署表示，24宗投訴中，投訴人都曾於「BUILT-IN PRO」購買電器，其後投訴人接獲自稱該零售商職員來電，聲稱早前購買的電器出問題，表示可安排賠償及更換產品，但要求投訴人先行付款。部分投訴人因騙徒掌握其購買電器時提供的個人資料及購買詳情，誤信對方並按指示付款，最終蒙受損失，涉及金額由6,000多元至17,000多元不等。
Loading the player… Slapping “AI” on your startup’s pitch deck is basically table stakes right now. When a founder raised $20 million from Cathie Wood’s ARK Invest for an eSports gamification loyalty startup without those two letters in the spotlight, it got us wondering how the conversation even started — especially when ARK had already been burned by a company operating in the same space. On thi...
Loading the player… Slapping “AI” on your startup’s pitch deck is basically table stakes right now. When a founder raised $20 million from Cathie Wood’s ARK Invest for an eSports gamification loyalty startup without those two letters in the spotlight, it got us wondering how the conversation even started — especially when ARK had already been burned by a company operating in the same space. On this episode of TechCrunch’s Equity podcast, Julie Bort sits down with Dylan Robbins, founder and CEO of Lucra, the white-label platform turning friendly competitions into loyalty programs for brands like golf courses, arcades, and pickleball clubs. Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.
hapabapa/iStock Editorial via Getty Images One of the most noticeable things about the stock market in 2026 is the fact that leadership at the top of the stock market has changed dramatically. Semiconductor stocks that were long treated as commodity sellers have vaulted to record market values, while the software and internet stocks that drove much of the S&P 500’s value have taken a huge back sea...
hapabapa/iStock Editorial via Getty Images One of the most noticeable things about the stock market in 2026 is the fact that leadership at the top of the stock market has changed dramatically. Semiconductor stocks that were long treated as commodity sellers have vaulted to record market values, while the software and internet stocks that drove much of the S&P 500’s value have taken a huge back seat. The rotation this year is a clear reminder that investors need to be deploying active portfolio management. Several large decliners this year are in ripe buying territory, and I consider Reddit ( RDDT ) to be one of these stocks. Down more than 30% since the start of the year, the company has actually delivered tremendous fundamental performance that has been actively ignored by its selloff. Data by YCharts I last wrote a "Buy" article on Reddit in February, when the stock was trading at $150 per share. Since then, the stock has traded about flat and missed out on much of the S&P 500’s rebound rally. Amid sharply rising user counts and fierce success in growing ad revenue, I’m reiterating my "B uy" rating on this stock. As a reminder for investors who are newer to Reddit, here are what I consider to be the core tenets of the bull case for this company: Entirely differentiated from other social media platforms. While Meta, Snap, and TikTok all compete for personal-profile social media users, Reddit is based on active discussion on topics of interest. This attractive user base, which tends to have high commercial intent, is also high-value to advertisers. Fierce user growth. The company is growing DAUs across all markets, in contrast to rivals that are more flat on a sequential and y/y basis. In particular, the company's use of machine translation to expand content to languages beyond English is opening up vast international markets. Sky-high gross margins. Reddit boasts 90%+ pro forma gross margins, which enables incredible economies of scale as the company continues to n...