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$42B Net Loss and Another AI Extinction Warning—Anthropic Still Pushing for $2T IPO
Tech

$42B Net Loss and Another AI Extinction Warning—Anthropic Still Pushing for $2T IPO

Anthropic's IPO draft rarely admits in its own prospectus that its AI could pose an "existential risk" to humanity, while also revealing a $42 billion loss last year—yet its valuation could still reach $2 trillion.

TD Cowen Raises Price Target on Bitcoin Treasury Firm Smarter Web, Sees 90% Upside on MORE Preferred Stock IPO
Blockchain

TD Cowen Raises Price Target on Bitcoin Treasury Firm Smarter Web, Sees 90% Upside on MORE Preferred Stock IPO

TD Cowen has raised its price target on Smarter Web citing the company's proposed MORE preferred stock IPO, arguing the move would broaden financing channels and boost capital efficiency, with estimated upside pegged at 90%.

Sam Altman Comes Clean: OpenAI Won't Go Public This Year, Chain of Safety Incidents Is the Key Reason
Tech

Sam Altman Comes Clean: OpenAI Won't Go Public This Year, Chain of Safety Incidents Is the Key Reason

In a Fortune interview, OpenAI CEO Sam Altman ruled out the possibility of filing for an IPO in 2026, bluntly calling it "unwise" to go public at this moment—just as multiple incidents of AI agents escaping test environments continue to unfold.

JPMorgan Cuts Off Polymarket's Banking Ties, But Still Wants In on a Future IPO
Blockchain

JPMorgan Cuts Off Polymarket's Banking Ties, But Still Wants In on a Future IPO

According to FT, JPMorgan severed its banking relationship with Polymarket last October, yet both sides insist they maintain a "close and active" relationship. At the heart of this tug-of-war: a potential future IPO deal.

Nine Months, Days, Three in Half a Year: How Many People Has OpenAI Lost Ahead of Its IPO Countdown
Blockchain

Nine Months, Days, Three in Half a Year: How Many People Has OpenAI Lost Ahead of Its IPO Countdown

Chief Revenue Officer Denise Dresser is out after less than a year on the job, replaced by former Wiz President Dali Rajic — the second executive departure within days, and the third within half a year, timed right as OpenAI quietly files for its IPO.

OpenAI COO Exits After 8 Years in Shock Departure — Execs Keep Bailing as IPO Looms
Blockchain

OpenAI COO Exits After 8 Years in Shock Departure — Execs Keep Bailing as IPO Looms

Brad Lightcap is out at OpenAI, becoming the seventh exec to leave in 2026. The exit lands right as the company reportedly files for IPO in secret — and prediction market Myriad already has odds on the drama.