Finance

Willis Towers Watson filed a lawsuit in Boston after 18 employees resigned within 44 minutes and joined rival Lockton. The team focused on insurance and risk management for the construction industry and generated more than $5 million in annual revenue. Willis Towers Watson generates roughly $10 billion in annual revenue, while Lockton is the largest privately held independent insurance broker in the U.S. with global revenue of approximately $4.5 billion.

OpenAI is unlikely to go public in 2025 as it focuses on addressing safety concerns around artificial intelligence, CEO Sam Altman said. He called 2025 an “ill-advised moment” for an IPO and suggested a listing is more likely in 2026, according to Fortune. Separately, OpenAI and rival Anthropic have been preparing for potential stock market debuts, though neither has listed shares yet. Anthropic is aiming for a valuation of as much as $1 trillion in an IPO, Reuters reported.

OpenAI has ruled out a 2026 initial public offering, with chief executive Sam Altman saying AI safety challenges make it a poor time to list. The company had previously discussed a potentially trilliondollar IPO with 2026 as an initial target. It has now pushed the likely timetable to 2027. Altman said the team faces significant responsibility regardless of timing.

OpenAI CEO Sam Altman said the company is pausing its planned 2026 IPO, citing concerns about potential AI safety risks, including the possibility of human extinction. Altman said AI development should proceed cautiously as calls for regulation continue to grow. Rival Anthropic, meanwhile, plans to keep moving ahead with its own IPO.

OpenAI CEO Sam Altman said the company will not go public in 2026, pointing to concerns about artificial intelligence safety in an interview with Fortune. He said the current moment would be “illadvised” for an IPO and that OpenAI does not feel pressured to list. Separately, SpaceX IPO shares fell sharply after a rally that lifted the company’s valuation to $1.8 trillion.

OpenAI CEO Sam Altman said the company’s IPO plans are likely to be delayed until after 2026. He also backed a proposal from Anthropic CEO Dario Amodei to slow frontier AI development while expanding safety evaluations and international coordination. Altman said the industry still has significant work to do to address safety concerns and fears of losing control of advanced AI systems.

OpenAI CEO Sam Altman said the company’s long-anticipated IPO is likely to be pushed back beyond 2026, while endorsing calls to slow the pace of AI development amid safety concerns. Anthropic CEO Dario Amodei has outlined a three-step safety plan that includes embedded third-party evaluators, shared safety standards and limits on unchecked AI progress. Both executives said the industry and governments need to work together to address risks around control of advanced AI systems and alignment with human values.

Anthropic CEO Dario Amodei has publicly called for slowing the pace of frontier AI capability gains ahead of the company’s IPO, arguing that risk prevention should take priority over unchecked progress. He said he believes the chance of a catastrophic AI event within the next decade is greater than 10%, and warned that swarms of AI agents could take control of the internet within the next 6 to 12 months. Anthropic is expected to go public next month, targeting a valuation of up to $2 trillion.

Robinhood cofounder and CEO Vlad Tenev argues that a listed company cannot prevent a third party from issuing a token linked to its publicly traded shares, provided the token does not change shareholder rights or create new obligations for the issuer. Market data he highlighted show tokenized-stock DEX volume reached $4.3 billion last week, with Robinhood holding a 66.3% share. Analysts tracking a $165 HOOD price target cite the Stock Token catalog as the key growth driver. Robinhood chief legal officer Dan Gallagher said the firm will take its dispute involving AMC to the SEC for a decision, while transfer agent groups have asked the regulator to limit any relief to issuer-sponsored tokens.

AI startup Anthropic is in talks with Nvidia about bringing the chipmaker in as an anchor investor for a potential initial public offering that could raise as much as $100 billion and value the company at around $2 trillion. Nvidia is considering investing up to $10 billion in the offering, Reuters reported, citing two people familiar with the matter. The discussions are ongoing and the plans could change.