OpenAI Acquires AI Personal Finance Startup Hiro — 15th Acquisition in Past Year
OpenAI acquires AI personal finance startup Hiro — its 15th acquisition in past year. Expands into consumer fintech and assistant use cases. Acquisition marks OpenAI's most direct move into consumer financial services.
Family Offices Bypass VCs To Invest Directly In AI Startups —83% Consider AI Top Priority
Family offices increasingly invest directly in AI startups, bypassing traditional VC middlemen. BNY Wealth: 83% of family offices consider AI a top strategic priority over next 5 years. More than half have AI exposure through investments.
Dow Jumps 1,300 Points On Iran Ceasefire —Largest Gain Since Last April
Dow surges 1,300 points —largest single-day gain since last April —on US-Iran ceasefire agreement. Rally reflects removal of geopolitical risk premium. Broad-based advance across technology, financial, and consumer sectors.
SpaceX Lines Up 21 Banks for Mega IPO Codenamed Project Apex —$50B+ Raise Targeting $2T+ Valuation
SpaceX working with 21 banks on blockbuster IPO codenamed Project Apex; Morgan Stanley, Goldman Sachs, JPMorgan, BofA, Citigroup leading syndicate; targeting $50B+ raise at $2T+ valuation, potentially largest ever market debut; Elon Musk requiring banks to buy Grok AI subscriptions to participate.
OpenAI Shares 'Almost Impossible to Unload' as Investors Race to Anthropic —$600B Valuation Gap Opens
OpenAI shares have fallen out of favor on secondary markets —in some cases 'almost impossible to unload.' Anthropic seeing record demand with valuations reaching ~$600 billion on secondary markets. Despite OpenAI's $122B funding round, investors pivot rapidly to Anthropic as stronger financial bet.