OpenAI Calls for Robot Tax and a Public Wealth Fund
OpenAI published a 13-page policy blueprint proposing robot taxes, a public wealth fund for every American, and government-run 4-day workweek pilots as AI reshapes the economy.
Articles Tagged "IPO"
Cerebras Launches $2B IPO Roadshow on Nasdaq
Cerebras Systems has kicked off a $2 billion IPO roadshow targeting a Nasdaq listing under ticker CBRS, anchored by a $10 billion compute contract with OpenAI.
OpenAI Cracks at the Top as $852B IPO Looms
Three OpenAI executives shift roles simultaneously days after closing a $122 billion round, raising questions about leadership continuity before an expected 2026 IPO.
OpenAI Buys TBPN in Its First Media Acquisition
OpenAI pays low hundreds of millions for TBPN, an 11-person tech talk show with 70,000 daily viewers - placing it under the company's chief political operative ahead of its IPO.
Project Apex: SpaceX Files for Record $1.75T IPO
SpaceX filed a confidential S-1 targeting a $1.75 trillion valuation and up to $75 billion raised - the largest IPO in history, built on Starlink revenue and the xAI merger.
OpenAI's $122B Round Adds Retail Access Before IPO
OpenAI closed its funding round at $122 billion and $852 billion valuation on March 31, with $3 billion going to retail investors via banks for the first time.
South Korea Bets $400M on Rebellions to Rival Nvidia
South Korean AI chip startup Rebellions has closed a $400M pre-IPO round at a $2.34B valuation, with the government's Korea National Growth Fund leading Seoul's first direct bet under its K-Nvidia initiative.
OpenAI Drops Sora to Chase Enterprise Revenue
OpenAI is shutting down its Sora video app and killing a $1B Disney deal as it pivots aggressively toward enterprise clients ahead of a public listing.
Meta Stock Surges as It Plans to Cut 16,000 Jobs for AI
Meta is reportedly planning to lay off 20% of its 79,000 workforce to offset $135 billion in AI spending - and the stock went up 3% on the news.
Nvidia Rules Out $100B OpenAI Bet as IPO Nears
Jensen Huang confirmed Nvidia's $30B OpenAI investment will likely be its last direct equity stake, killing the $100B pledge as OpenAI races toward a public listing at a $730B valuation.
CoreWeave Crashes 19% After Earnings Reveal a $35 Billion Spending Gamble
CoreWeave stock plunged nearly 19% after Q4 earnings revealed widening losses, an 894% debt-to-equity ratio, and plans to spend up to $35 billion on data center expansion in 2026.
Jack Dorsey Fires Half of Block's Workforce, Says Every Company Will Do the Same Within a Year
Block CEO Jack Dorsey cut 4,000 employees - nearly half the company - citing AI tools as the reason, then predicted the majority of companies will make similar structural changes within 12 months. Wall Street rewarded him with a 25% stock surge. The evidence says he is wrong.
