Leading AI firms such as OpenAI, Anthropic, and SpaceX are moving towards public IPOs, marking a shift from private to public market valuation. These companies have raised unprecedented private funding, with valuations in the hundreds of billions to over a trillion dollars. The upcoming IPOs will reveal their true financial health, including revenue quality, profitability, and debt obligations, which have so far been obscured in private markets. Public investors will scrutinize whether these AI companies can sustain growth and justify their massive valuations amid heavy infrastructure costs and ongoing losses. The IPO outcomes will set the tone for how AI firms are valued in public markets going forward.
Meta Platforms faces a lawsuit from 26 employees alleging the company used AI tools and automated metrics to select workers for layoffs, disproportionately affecting those on medical, parental, or family leave. The lawsuit claims Meta's AI-driven per...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
A group of current and former Meta employees filed a lawsuit claiming the company used artificial intelligence in its recent layoffs in a discriminatory way. The lawsuit alleges Meta's AI systems ignored approved absences like medical or family leave...
Meta faces a lawsuit from 26 employees accusing the company of using AI tools that unfairly targeted workers with disabilities and those on medical leave during recent layoffs. The suit claims Meta's AI system, including an internal bot and activity ...
Meta Platforms announced it will release its second quarter 2026 financial results after market close on July 29, 2026. The company will hold a conference call at 1:30 p.m. PT to discuss the results, which will be available live via webcast on its in...
