OpenAI has confidentially filed for an IPO with the SEC, setting the stage for closer scrutiny of the company's spending practices and potential conflicts of interest involving CEO Sam Altman. Prior coverage has drawn attention to a reported range of approximately US$665bn in spending exposure.
Regulators and future investors will examine whether these holdings create divided loyalties in OpenAI's decision-making.
The IPO filing marks a pivotal shift for the AI leader from private funding rounds to public-market accountability.
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Kalshi is in advanced talks with Sequoia Capital and Wellington Management to raise at least $750 million at a $40 billion valuation. The round would nearly double its May valuation while the company reports $4 billion in annualized revenue and eyes a 2027 IPO.
Goldman Sachs agreed to acquire NEOS Investments for up to $2.25 billion, adding three crypto-income ETFs that use derivatives rather than direct holdings. The deal expands Goldman's active ETF business to roughly $80 billion and is expected to close in Q1 2027 pending regulatory approval.
Riot Platforms shares rose more than 20% in pre-market trading after the bitcoin miner entered a $9.1 billion, 20-year agreement to supply Anthropic with 191 megawatts of AI computing capacity at its Texas site. The transaction underscores the sector’s transition toward stable revenue streams from AI infrastructure.
