Perplexity plans IPO in 2028 regardless of what happens to Anthropic or OpenAI, CEO tells CNBC
Perplexity CEO Aravind Srinivas’ comments come after AI giant Anthropic confidentially filed to go public.
CNBC’s The China Connection newsletter: Humanoid robots are great, but they need buyers too
Chinese companies ramp up humanoid robot development and production, often with global aims.
Stock futures rise as chip rebound lifts S&P 500 to winning day; South Korea stocks jump 7%: Live updates
A rally in chip stocks boosted the S&P 500 and Nasdaq Composite on Monday.
OpenAI confidentially files for IPO, prepping Wall Street for mega AI debut
OpenAI’s confidential filing lands days before SpaceX is set to go public and a week after Anthropic announced its confidential disclosure with the SEC.
Tom Lee’s clients are worried SpaceX IPO will mark a market top. He’s not
The Fundstrat managing partner and head of research said that there’s enough cash on the sidelines that public markets can absorb the Elon Musk company’s debut.
Kalshi traders say Strait of Hormuz traffic won’t return to normal before January
Two weeks ago traders on Kalshi saw a 60% chance that the Strait of Hormuz would open before August. Now traders see a higher chance it won’t open before 2027.
Silicon Valley’s new buyout playbook is hitting Wall Street
Instead of selling AI tools to companies, venture firms are buying legacy companies outright and rebuilding them around AI from the inside.
Convicted FTX founder Sam Bankman-Fried files formal request for Trump pardon
The co-founder of the now defunct FTX crypto exchange is currently serving a 25-year federal prison sentence.
Convicted FTX founder Sam Bankman-Fried files formal request for Trump pardon
The co-founder of the now defunct FTX crypto exchange is currently serving a 25-year federal prison sentence.
Airlines find the grass isn’t always greener with new engines
Airline CEOs complained that engine makers aren’t making enough of their engines or that they’re reliable enough.
