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OTEX News30 articles
Cohere's $20B Valuation Ambition Faces Private Market Scrutiny
Cohere confirms investor interest in its Series E round, reportedly targeting a $20B valuation. The gap between private and public market metrics raises questions.
Alphabet Opens Googlebook Preorders, Testing Gemini in Premium Laptops
Alphabet began preorders for five Googlebook laptops starting at $899, a five-partner hardware push that brings Gemini and Android into premium PCs.
Robinhood Surges 9% as SEC Opens Path for Tokenized Shares
Robinhood (HOOD) closed up 9.12% at $119.82 after the SEC opened a five-year exemption for tokenized U.S. shares, sparking optimism for a domestic launch.
Kang's London City Lionesses: Training Hub Set to Open Within a Year
Owner Michele Kang expects the new training center to open within a year, but the club's latest accounts show a £10.6M loss, highlighting the challenge of building a self-sustaining business.
US Beef Import Quota Opens 300K Tons; JBS Not Sole Beneficiary
The US opens a 300,000-ton lean beef import quota, not exclusive to JBS. Ground beef prices hit $6.923/lb, up 9.6% YoY. Tyson cuts beef outlook.
OpenAI Reveals Six AI Misalignment Cases, Debuts API Safety Monitor
OpenAI disclosed six AI model misalignment cases and launched a new API monitoring system that can block conversations exhibiting similar risky behavior.
ASX 200 Set to Slide 0.8% at Open After Fed Hikes Rates
Australian shares are poised to open lower after the Fed's rate hike rattled markets. Futures signal a 0.8% drop, erasing Wednesday's gains.
American Airlines Opens New DFW Terminal C Pier Ahead of $4B Terminal F Build
American Airlines (AAL) opened nine new gates at DFW, the first piece of its $4.02 billion Terminal F expansion. The carrier is betting on hub efficiency to justify the long-term investment.
SoftBank Tumbles 11% as OpenAI IPO Delay Strains AI Bets
SoftBank Group shares dropped 11.4% after OpenAI confirmed it won't list in 2026, raising questions about the $10 billion payment due in October and the valuation of its AI bet.
OpenAI Delays IPO to 2026 as AI Safety Concerns Mount
OpenAI will not go public in 2026, CEO Sam Altman confirmed, as he joined Anthropic's CEO in advocating for a more cautious approach to AI development.
U.S. Open Boosts Player Pay to Record $108M; Zverev, Rybakina Take Home $5.5M Each
The USTA unveiled a record $108 million player compensation package for the 2026 U.S. Open, with singles champions Alexander Zverev and Elena Rybakina each earning $5.5 million. The payout is up 20% from 2025.
Opendoor Shares Slide 6% as CEO Pushes Out Profitability Target
Opendoor (OPEN) shares dropped 6.2% to $2.815 after CEO Kaz Nejatian said a late-August housing slowdown pushed its adjusted-EBITDA profitability target back by six to eight weeks.
Samsung AI Push Gains Momentum with OpenAI and Mistral Partnerships
Samsung's AI chip efforts expand via OpenAI and Mistral, yet revenue impact remains unclear. Shares rose slightly.
OpenAI's Navier-Stokes Claim: A Milestone or a Mirage?
OpenAI's bold Navier-Stokes proof could transform its valuation, but mathematical and business hurdles remain. Investors watch for independent validation and product viability.
Firmus Secures OpenAI as Anchor, Portfolio Tops 900MW
Firmus signs OpenAI as anchor for Malaysia AI factories, pushing contracted portfolio above 900MW, but only two of seven sites are live.
Nokia ADR Set to Open 6.4% Higher After Helsinki Surge
Nokia's U.S. ADR is expected to open 6.4% higher after Helsinki shares surged on EURO STOXX 50 inclusion, but the gap may close as markets align.
Binance Opens Trading to AI Agents, BNB Rises 5.2%
Binance has introduced Agent OS, allowing AI agents to access market data and execute trades. BNB rose 5.2% in line with the broader crypto market.
DOJ Backs OpenAI's Fair Use Defense in Copyright Battle
The DOJ filed a brief supporting OpenAI's fair use defense in a copyright case, citing public benefits. Microsoft (MSFT) remains the key exposure as OpenAI's valuation hits $852B.
Opendoor Gains 1.6% as Inventory Swells to $1.85B Amid Rate Uncertainty
Opendoor (NASDAQ:OPEN) gained 1.6% to $3.09 as its $1.85 billion inventory underscores interest-rate exposure. Q2 purchases surged 149% while sales fell 46%.
DraftKings Posts $67.6M Loss Despite Record U.S. Open Handle
DraftKings swung to a $67.6M loss in Q2 despite a record $13.1B handle, as revenue fell 5% and ARPU dropped 13%. The U.S. Open highlights the volume-profit gap.
Oil Prices Slide as Hormuz Reopening Hopes Diminish Risk Premium
WTI crude dropped 4.5% this week as traders bet on Hormuz reopening, reducing geopolitical risk premium. USO fell, XLE rose.
ASX Opens Flat as Miners Offset Banking Weakness
The ASX 200 opened flat as mining strength offset banking weakness. Strong results from PLS and Ampol were countered by ex-dividend drags and mixed bank earnings.
Nvidia's $105B OpenAI Guarantee Sparks Scrutiny as Shares Barely Budge
Nvidia's $105B guarantee for OpenAI's Ohio project equals two quarters of operating cash flow. Shares closed flat at $225.01 as investors weigh credit risk.
Meta Faces $1.4 Trillion Legal Claim as Youth-Safety Trial Opens
Meta Platforms (META) begins a landmark youth-safety trial with states seeking up to $1.4 trillion in damages, a sum 15.5 times its cash reserves. Legal costs already hit Q2 profits.
Drone Escalation Strains Russian Fuel Market as Novorossiysk Port Reopens
Drone attacks are squeezing Russia's fuel market even as Novorossiysk resumes crude exports. Refining capacity has fallen to near two-decade lows, boosting diesel margins and refiner stocks.
Opendoor's $440M Capital Boost Sets High Dilution Hurdle at $10.38
Opendoor (OPEN) secured $440M in growth capital with a convertible note sale, setting a key dilution threshold at $10.38, 185% above Friday's close. The market remains cautious.
Opendoor's $650M Convertible Deal Lifts Shares 4.6%
Opendoor (OPEN) shares climbed 4.6% after unveiling a $650M zero-coupon convertible note deal, a $158M buyback, and capped calls, aiming to add growth capital while capping dilution.
Axon Sees Strategic Opening as Flock Privacy Shift Reshapes Plate-Reader Market
Flock Safety's privacy overhaul opens a competitive window for Axon in license-plate cameras, but the near-term revenue impact is modest. The real prize lies in software attachment.
Opendoor's Inventory Surge Overshadows Cost Gains, Shares Drop
Opendoor stock dropped 8.7% as its $1.85B inventory surge outweighed improved cost per acquisition. Analysts warn on resale speed.
Opendoor Shares Slide 5% as Q2 Report Reveals Soaring Stock Compensation
Opendoor (OPEN) shares dropped 5.1% to $3.91 after Q2 results showed stock-based compensation of $119 million, overshadowing a 59% sequential jump in contribution profit.