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MICHAEL ASHLEY SCHULMAN
OpenAI joins rival Anthropic in race to Wall StreetOpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. "It may be a while because ther...- OpenAI files for US IPO after Anthropic as AI giants head to public marketsAI giant OpenAI has confidentially filed for a US initial public offering. This move follows rival Anthropic's similar filing. Investors ar...
- OpenAI IPO: ChatGPT maker files for US Stock Market initial public offering after Anthropic, SpaceXOpenAI would set the stage for a trio of trillion-dollar-valuation companies debuting rapidly, which together are seen as the most conseque...
- Why SpaceX's mega IPO may not signal a broader rebound in listingsSpaceX's huge IPO is set to capture global attention. However, experts believe this event may not reflect the true health of the broader IP...
- Arm forecasts higher-than-expected revenue on surging AI data center demandArm Holdings anticipates higher first-quarter revenue, boosted by strong demand for its AI chip technology. However, the company has not ye...
- IBM to buy Confluent in $11 billion deal in cloud-computing driveIBM said on Monday it will buy data infrastructure company Confluent in a deal valued at $11 billion, ramping up its cloud-computing offeri...
- Coty explores sale of CoverGirl, Rimmel in pivot to fragrancesCoty announced a strategic review of its consumer beauty business, including brands like CoverGirl, for potential sale. The company plans t...
- Figma sheds $11 billion in market value days after blockbuster IPOSan Francisco, California-based Figma shares had scored a massive 250% gain during their market debut on Thursday when they were priced at ...
- AI finance app Ramp raises $500 million in a new funding round: ReportRamp's valuation has climbed from $13 billion in March to $16 billion in June and to $22.5 billion now, indicating renewed investor interes...
- Oracle shares soar as AI cloud demand propels revenue forecastOracle shares jumped nearly 8% after raising its annual revenue forecast, driven by strong demand for AI-powered cloud services. With fisca...
- AI company Glean hits $7.2 billion in valuation in latest funding roundWorkplace AI company Glean secured $150 million in its latest funding round, boosting its valuation to an impressive $7.2 billion. Glean de...
- Dream job no more? AI is coming for Wall Street’s entry-level Junior Analyst roles, and experts say it’s just the startAI is starting to take over entry-level jobs on Wall Street, like junior analyst roles. Big banks may hire fewer people as AI handles more ...
- Micron forecasts upbeat quarterly revenue on strong AI memory chip demandAI demand has significantly boosted the need for Micron's HBM chips, a type of dynamic random access memory or DRAM standard essential for ...
- Cisco raises annual revenue forecast as AI boom boosts networking gear demandEarlier this week, Cisco partnered with French AI firm Mistral to jointly launch an AI agent for automating tasks and streamlining workflow...
- Cisco sees recovery in equipment demand, cuts 7% jobs globallyCisco has been working to reduce its reliance on its massive networking equipment business, which has struggled due to supply-chain disrupt...
- BlackRock launches stock ETF with 100% downside hedgeSo-called buffer or risk-managed ETFs help maximize returns from an asset for investors and simultaneously provide downside protection over...
- Chinese ecommerce platform Temu drawing shoppers from US dollar storesAs of last month, Temu accounted for nearly 17% of the market share in the United States within the discount stores categories, according t...
- SoftBank's chip designer Arm extends gains after $65 bln Nasdaq debut"The huge enthusiasm around trading suggests there is very much still appetite for high-growth names, and there's growing hope that the IPO...
- EBay forecasts upbeat revenue as sneakers, refurbished items drive growthA selective push from the ecommerce firm also on items like collectibles and refurbished products is helping it drive sales at a time when ...
- PayPal's "prudent" revenue growth forecast cut sinks sharesPayPal posted a lower adjusted profit of $1.08 per share for July-September. Analysts had expected a profit of 96 cents a share. The compan...
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