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Sam Altman: OpenAI won’t go public this year as IPO now would come at an ‘ill-advised moment’

Sam Altman: OpenAI won’t go public this year as IPO now would come at an ‘ill-advised moment’

Investors hoping for a piece of the artificial intelligence boom will have to keep waiting, as OpenAI CEO Sam Altman has confirmed that the company will not launch an initial public offering in 2026. In

Business
OpenAI’s Sam Altman says it would be ‘ill-advised’ to go public in 2026

OpenAI’s Sam Altman says it would be ‘ill-advised’ to go public in 2026

Sam Altman has put a damper on expectations that OpenAI would hit the stock market this year, stating that moving forward with an initial public offering in 2026 would be ill advised. Speaking with Fortune

Business
Stock Market Today: Dow Soars 500 Points Amid Rate-Hike Bets; Apple Advances

Stock Market Today: Dow Soars 500 Points Amid Rate-Hike Bets; Apple Advances

Wall Street managed to snap a four day losing streak on Friday, with major indices rallying despite an inflation report that came in hotter than many analysts had hoped. Leading the charge was the Dow

Business
Wall Street thought the Powell hike was over. Now Kevin Warsh has his ‘back against the wall’

Wall Street thought the Powell hike was over. Now Kevin Warsh has his ‘back against the wall’

Wall Street spent weeks convincing itself that the Federal Reserve was finally done raising interest rates, but a fresh wave of economic data has shattered that confidence. After a period of relative optimism, the hiking

Business
People are flooding X with joke resignation announcements imitating the viral AI extinction warning

People are flooding X with joke resignation announcements imitating the viral AI extinction warning

What began as a dire warning about the end of human civilization has quickly morphed into one of the internet's favorite new templates for corporate satire. After former Anthropic researcher Jacob Coxon took to X

Business
One resignation turned the embers of AI fear into a wildfire

One resignation turned the embers of AI fear into a wildfire

For years, warnings about the dangers of artificial intelligence existed as small, isolated fires. Enthusiasts and skeptics alike struck matches in niche communities, but their concerns usually smoldered and burned out, dampened by a general

Business
Insilico’s co-CEO hopes ‘we might have a chance to stop biological aging’

Insilico’s co-CEO hopes ‘we might have a chance to stop biological aging’

The dream of stopping biological aging may be moving closer to reality, according to leadership at the AI drug discovery startup Insilico Medicine. Speaking at the Fortune Leaders Forum in Macau, co-CEO and head of

Business
Major Market Top Sign: Insiders Are Cashing Out

Major Market Top Sign: Insiders Are Cashing Out

The current fever pitch surrounding artificial intelligence is starting to look less like a sustainable revolution and more like a repeat of history's most famous financial bubbles. Analysts are drawing unsettling parallels between today's AI

Business
Duffy puts Ford on notice over China ties, warns of security concerns

Duffy puts Ford on notice over China ties, warns of security concerns

Transportation Secretary Sean Duffy has issued a stern warning to Ford Motor Co., claiming the legendary American automaker has become dangerously dependent on Chinese enterprises. In a letter addressed to CEO Jim Farley, Duffy argued

Business
Trump administration expresses ‘profound concern’ over Ford’s ties to China

Trump administration expresses ‘profound concern’ over Ford’s ties to China

The Trump administration has voiced profound concern regarding Ford Motor Company's ongoing relationships with Chinese firms, suggesting these ties could jeopardize both the Detroit automaker and the broader American automotive sector. In a pointed letter