50m ago
Altman says OpenAI will not go public in 2026, calling an IPO now an “ill-advised moment”
OpenAI CEO Sam Altman said the company will not go public in 2026, arguing that an IPO would be poorly timed and that safety and compliance work must take priority. Markets had previously speculated that OpenAI could be valued at $1 trillion in a listing. He made the comments as global markets remain volatile, after the SpaceX IPO’s sharp post-listing swings and as renewed fighting involving Iran has pushed oil prices higher and lifted inflation forecasts.
50m ago
2h ago
Anthropic CEO Dario Amodei urges slower frontier AI progress ahead of IPO, cites >10% doomsday risk over next decade
Anthropic CEO Dario Amodei has publicly called for slowing the pace of frontier AI capability gains ahead of the company’s IPO, arguing that risk prevention should take priority over unchecked progress. He said he believes the chance of a catastrophic AI event within the next decade is greater than 10%, and warned that swarms of AI agents could take control of the internet within the next 6 to 12 months. Anthropic is expected to go public next month, targeting a valuation of up to $2 trillion.
2h ago
6h ago
Dynagas LNG Partners posts $16 million Q2 2026 profit and $730 million revenue backlog
Dynagas LNG Partners reported second-quarter 2026 net income of $16 million, up 16.8% year on year, and adjusted EBITDA of $27.6 million. Voyage revenue rose 6.7% to $41.2 million, supported by higher rates and the start of the Clean Energy vessel’s new time charter. Average daily hire increased to about $71,810 per vessel, while fleet utilization was 96.2%. The partnership also said it had an estimated contracted revenue backlog of approximately $730 million.
6h ago
6h ago
Wall Street lifts 12-month Dell price targets to $500–$735 after guidance hike
Dell Technologies reported results for the quarter ended July 31, 2026, with revenue of $47 billion, up 58% year over year, and non-GAAP EPS of $7.04, up 203%. Infrastructure Solutions Group revenue totaled $31.8 billion, including $16.4 billion from AI-optimized servers, while quarterly AI server orders reached a record $60.9 billion, taking total AI backlog to $95 billion. Management raised its fiscal 2027 revenue outlook to about $192 billion. Wall Street analysts subsequently set fresh 12-month price targets in a range of $500 to $735.
6h ago
7h ago
Meta’s dual-class structure gives Zuckerberg 10 votes per share and concentrates 61% of voting power with 13% ownership
Meta’s dual-class share structure has repeatedly blocked resolutions backed by independent shareholders, as gaps in content governance fuel large-scale child-safety lawsuits. Plaintiffs’ models estimate potential damages in the trillions of dollars, and the settlement would cover only a small fraction. If other platforms do not join, Meta’s obligation would drop to about $12 billion and teen safeguards would not take effect.
7h ago
10h ago
Gold posts nearly 2% weekly drop as oil surge and sticky U.S. inflation lift rate-hike bets
Gold prices fell nearly 2% this week as a jump in crude oil and stubborn U.S. inflation strengthened expectations of further Federal Reserve rate hikes, weighing on demand for precious metals. WTI crude rose above $104 a barrel and is up nearly 16% over the past month. U.S. August CPI rose 3.4% year on year and PPI increased 5.4% annually, both slightly above expectations, pushing Treasury yields higher and pressuring gold.
10h ago
12h ago
Robinhood CEO says issuers can’t block third-party stock tokens that preserve shareholder rights
Robinhood cofounder and CEO Vlad Tenev argues that a listed company cannot prevent a third party from issuing a token linked to its publicly traded shares, provided the token does not change shareholder rights or create new obligations for the issuer. Market data he highlighted show tokenized-stock DEX volume reached $4.3 billion last week, with Robinhood holding a 66.3% share. Analysts tracking a $165 HOOD price target cite the Stock Token catalog as the key growth driver. Robinhood chief legal officer Dan Gallagher said the firm will take its dispute involving AMC to the SEC for a decision, while transfer agent groups have asked the regulator to limit any relief to issuer-sponsored tokens.
12h ago