OpenAI in Discussions to Restore Sam Altman as CEO
The board of OpenAI is engaged in discussions with former CEO Sam Altman to return to the company in his previous role. This comes after he was promptly dismissed from his role on Friday without any prior notice.
In response to Altman's dismissal, several OpenAI...
Microsoft Stocks Rise Following Q3 Earnings
Microsoft shares rose by 3.6% during premarket trading on Wednesday after the company beat estimates on revenue and earnings per share. The company's third-quarter revenue of $56.5 billion beat estimates of $54.5 billion. Adjusted earnings per share of $2.99 beat expectations of $2.66 per share...
SoftBank Looking for More AI Deals Following Arm IPO
SoftBank is looking to engage in more artificial intelligence deals after the mammoth initial public offering (IPO) of its Arm unit. Arm's secured a $54.5 billion valuation in its IPO on Wednesday.
Masayoshi Son, founder and chief executive, is reportedly ready to invest tens...
Arm Stock Surges After Nasdaq Debut
Shares in British chipmaker Arm Inc. surged after it made its stock market debut on Thursday afternoon with shares priced at $56.10. Arm's stocks jumped by 10% as trading commenced and were 20% higher at over $61 after 30 minutes of trading. The stock...
Klaviyo Looks to Hit $6.8 Billion Valuation in IPO
Data and marketing automation company Klaviyo is looking to raise as much as $6.8 billion in its initial public offering, the company confirmed on Monday. This decision to go public follows that of chip designer Arm Holdings Ltd and grocery delivery service Instacart.
Klaviyo is...
Instacart Sets $616 Billion Target for IPO
Online grocery delivery company Instacart is looking to raise $616 billion when it goes public, making it one of the largest initial public offerings of the year. The company revealed in a filing on Monday that it plans to offer 14.1 million shares, priced...