10-9
OpenAI pegs annualized revenue at $50 billion as market questions $850 billion-plus valuation
OpenAI disclosed that annualized revenue reached $50 billion at the end of September, well below the $68 billion figure widely reported previously, reigniting scrutiny of its valuation above $850 billion. CEO Sam Altman confirmed the company will not pursue an IPO this year, leaving it under pressure to back up its lofty valuation. Separately, rival Anthropic is reported to be seeking a $2 trillion valuation for a Nasdaq listing.
10-9
10-2
Nike set to open at a 2013 low after cutting adjusted EPS outlook to $1.15–$1.35
Nike reported fiscal 2026 Q1 earnings per share of $0.48, topping expectations, while revenue of $11.12 billion came in slightly below consensus. The company sharply cut its full-year adjusted EPS forecast to $1.15 to $1.35 and said it will lay off more employees as part of a restructuring. The stock fell 9% in premarket trading after the results and is expected to open at its lowest level since 2013, with shares down about 45% year to date.
10-2
9-29
Anthropic IPO filing outlines “Founder LLC” control vehicle with 50.1% voting power for key decisions
Anthropic’s IPO filing says the company is creating a new “Founder LLC” intended to serve the public interest and insulate its leadership from market forces. Seven cofounders would use the entity to control a single share of Class F stock carrying 50.1% of the voting power over key corporate matters. The filing also shows CEO Dario Amodei earned nearly $18 million in 2025, while President Daniela Amodei received $16.4 million.
9-29
9-29
Anthropic warns IPO investors advanced AI could pose “existential risks to humanity”
Anthropic warned in its IPO prospectus that advanced AI could pose “catastrophic or existential risks” to humanity. Safety researcher Evan Hubinger estimated the probability that AI could kill humans within the next decade at more than 10%. The 261-page main body of the filing devotes about 80 pages to risk factors, nearly twice the space used to describe the business, compared with about 38 pages in SpaceX’s prospectus. Anthropic has also said that in a sample week in July, about 6% of its computing power went to safety research.
9-29