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OpenAI Is Adding Two Independent Board Members Ahead of IPO
The Wall Street Journal14d agoneutral
OpenAI Is Adding Two Independent Board Members Ahead of IPO

OpenAI is adding David Vélez, founder and global chief executive of Nubank, a Latin American digital services firm, and Robin Vince, the chief executive of Bank of New York Mellon to its board of directors, the company said. Vince will chair the audit committee, OpenAI said. The company has worked to improve its corporate governance after a previous set of directors abruptly fired Chief Executive Sam Altman three years ago for what they described as a lack of candor in his communications, throwing the company into disarray.

3 Stocks Poised to Make Billions from the Anthropic IPO
24/7 Wall St.62d agoneutral
3 Stocks Poised to Make Billions from the Anthropic IPO

Anthropic is joining in on the IPO fray to win tens of billions in capital and likely a valuation in the trillions. This IPO could significantly benefit Amazon (NASDAQ:AMZN), Salesforce (NYSE:CRM), and Alphabet (NASDAQ:GOOG). Before we look into how, let’s take a look at the IPO first. Anthropic’s decision for an IPO comes after SpaceX’s decision to ... 3 Stocks Poised to Make Billions from the Anthropic IPO

Investing.com64d agoneutral
Software stocks whipsaw amid AI fears, as Anthropic IPO looms

The software sector is currently caught in a tug-of-war between profound optimism and existential dread over the future of artificial intelligence. After a brief period of euphoria, reality—and algorithmic trading—bit back hard, sending major software stocks tumbling in a sudden reversal. The iShares Expanded Tech-Software Sector ETF fell 3%, wiping out half of the 6% gains it had recorded just a day prior. The bleeding was widespread across the industry’s biggest names: Atlassian plunged 8%, Hu

Instant View: Anthropic IPO filing ratifies Wall Street's AI obsession
Reuters64d agoneutral
Instant View: Anthropic IPO filing ratifies Wall Street's AI obsession

AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering, teeing up a watershed moment for Wall Street's AI frenzy. Tech stocks continue to lead the Nasdaq Composite and S&P 500 in a record-breaking market rally, while Elon ‌Musk's SpaceX is set to price its IPO this month and Anthropic rival OpenAI, led by Sam Altman, is waiting on deck. U.S. stocks were ‌mixed on Monday afternoon, with the Nasdaq up 0.3%, the S&P 500 up 0.1% and the Dow industrials off 0.3%.

Are mega-IPOs like SpaceX huge opportunities for options trades?
Yahoo Finance Video74d agoneutralVIDEO
Are mega-IPOs like SpaceX huge opportunities for options trades?

As part of the latest installment of Yahoo Finance's Options Playbook, BayCrest managing director David Boole explains the influence that mega-IPOs, the likes of SpaceX (SPAX.PVT), Anthropic (ANTH.PVT), and OpenAI (OPAI.PVT), are having on markets (^DJI, ^IXIC, ^GSPC), possible options trades, and proxy trades on other stocks like Elon Musk's Tesla (TSLA).