In Brief Posted: 10:24 AM PDT · May 20, 2026 Julie Bort OpenAI barrels toward IPO that may happen in September A day after Elon Musk lost his lawsuit that threatened OpenAI’s structure, leadership, and finances, the AI giant is ready to move forward with its initial public offering, sources told th… …
… Wall Street hasn’t liked the sound of that, with Meta’s stock trading down 5% this year. …
… In March, The Wall Street Journal reported that these plans represent a major strategy shift for the company after launching a variety of standalone products in 2025; OpenAI executives now say they’re abandoning “side quests ” like video generator Sora . …
In Brief Posted: 5:21 PM PDT · May 20, 2026 Lucas Ropek Anthropic says it’s about to have its first profitable quarter Anthropic has told its investors that it will more than double revenue to around $10.9 billion in its second quarter, and deliver an operating profit for the first time, the Wall S… …
… Led by former Twitter Chief Executive Officer Parag Agrawal, Parallel recently raised $100 million at a $2 billion valuation in a round led by venture firm Sequoia Capital, according to the Wall Street Journal. …
… Doubters have argued that Apple’s lack of a clear AI strategy have cost it its edge, and Wall Street analysts have worried that the gap could start hurting iPhone sales. …
… The Wall Street Journal, which first reported news of the partnership, reported the new venture was valued at $1.5 billion , which includes a $300 million commitment each from Anthropic, Blackstone, and Hellman & Friedman. …
… The company said its run rate revenue crossed $47 billion earlier this month, and The Wall Street Journal recently reported that the startup expects a 130% revenue surge to bring it to its first operating profit. “Claude’s latest advancements have driven large-scale adoption among the world’s most … …
Robinhood CEO Vlad Tenev is touting the success of the fintech’s new Ventures Fund I , which allows retail investors to invest in private tech companies like Stripe, Oura, Databricks, OpenAI, and others, through a publicly traded fund listed on the NYSE. “We had something like over 150,000 retail i… …
… For example, when the AI-driven IT helpdesk startup Serval announced a $75 million Series B at a $1 billion valuation led by Sequoia , the announcement didn’t tell the whole story , according to The Wall Street Journal. …