The Financial Times reported that OpenAI expects negative free cash flow of $278bn between 2026 and 2030, from a July presentation prepared for a computing deal. That figure is an improvement on the roughly $305bn the company projected in May, while th…
“In reality, we are currently planning a dual listing, on the London Stock Exchange and the Nasdaq,” Nik Storonsky told Les Echos. The Revolut founder was in Paris on Monday. Gabriel Nédélec and Ingrid Feuerstein interviewed him for the French paper, w…
SoftBank Group has added $450m to an existing credit line, lifting the facility to $6.5bn, people familiar with the matter told Bloomberg. Set against what the company is spending on OpenAI, the sum is a rounding error. Set against the week SoftBank ha…
“Right now would be an ill-advised moment to go public,” OpenAI chief executive Sam Altman told Fortune on 12 September. Now OpenAI is considering one more private funding round before its IPO, at a valuation of about $1.5tn. The New York Times reporte…
Revolut has received its licence to operate from Colombia’s financial regulator, the Superintendencia Financiera de Colombia (SFC). The company said the licence is the last regulatory step it needs before it launches in the country. Revolut announced t…
Anthropic has told shareholders it expects positive adjusted operating income for a second straight quarter, the Financial Times reported on Sunday, citing several people with knowledge of the matter. CNBC reported the same on Monday, citing two people…
SoftBank Group shares fell as much as 13% in Tokyo on Monday, their steepest drop since 17 July. AI-linked stocks sold off worldwide that day. Over the weekend, the heads of Anthropic and OpenAI had called on the industry to slow the development of mor…
The appeal of prop trading starts with a genuine problem around access to capital. 45% of people who don’t invest said they simply did not have enough money to do so. Talented traders lack enough capital to turn skill into returns. Proprietary firms ar…
OpenAI has launched a version of ChatGPT for banks and investment firms, with licensed market data built into the product. It is designed around the work financial analysts already do, including valuations, leveraged buyout models, buyer screening, ear…
Gamification has a bad name in finance, and rightfully so. Trading apps fired confetti when you bought options. Meme stocks turned rent money into casino chips. Say “gamified finance” today and people picture slot machines packaged as financial product…