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Sam Altman's OpenAI eyes $30B fundraising round ahead of IPO: report

Sam Altman’s OpenAI is reportedly wrapping up a fundraising round that would value the company well above $1 trillion as it mulls when to go public.

AI Reset: Meta Sheds About $124 Billion as Spending Concerns Mount

Meta shed about $124 billion in market value. Investors are worried the company is spending too much on AI.

The Economic Times

Explained: Why is Meta creating a new class of non

Meta plans to create a new class of publicly traded non-voting stock, known as Class C shares, and distribute one Class C share for each existing Class A and Class B share - effectively splitting its stock two-for-one. The new shares are expected to begin trading in January 2027.

Jio Platforms IPO oversubscribed more than 10 times

Investors submitted bids worth more than US$24 billion for the Jio Platforms offering. The company is controlled by the billionaire Ambani. Its mobile network serves more than 500 million users.

Anthropic Prepares for Major IPO Amid AI Competition and Regulatory Uncertainty

Anthropic prepares for a possible November IPO as investors assess AI competition, computing costs, regulatory risks and its new Hg venture.

First Hawaiian: Q3 Earnings Snapshot

HONOLULU (AP) — HONOLULU (AP) — First Hawaiian Inc. (FHB) on Friday reported third-quarter net income of $63.7 million. The Honolulu-based bank said it had earn

SLB: Q3 Earnings Snapshot

THE HAGUE, Netherlands (AP) — SLB LTD (SLB) on Friday reported third-quarter earnings of $735 million. The The Hague, Netherlands-

STL Achieves Record Q2 FY'27, With Highest

EBITDA reached INR 84.6 billion, up about 500% year on year. The order book stood at INR 3.5 trillion.

Zuckerberg planned to sell his home, so Meta built him a wealth tax deal

Meta is creating shares Zuckerberg can sell to pay a California wealth tax, after he planned to list his home. He must stay eight years.

ANI (Asian News International)

STL Achieves Record Q2 FY'27, With HighestEver Revenue, EBITDA and Open Order Book

Mumbai (Maharashtra) [India], October 23: STL [NSE: STLTECH], a leading connectivity solutions provider for AI-ready digital infrastructure, today announced its financial results for the quarter ended 30 September 2026. For Q2 FY’27, the Company reported the highest-ever revenue of INR 2,529 Cr and EBITDA of INR 846 Cr, a YoY growth of ~145% and ~500%, respectively. The open order book stands at INR 35,274 Cr at the end of the quarter.

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