Sam Altman says he’d only consider an IPO to prove short sellers wrong about OpenAI’s finances. The CEO also hinted the company could reach $100 billion in revenue by 2027, far faster than expected.
Novo Nordisk has made a superior bid of up to $10 billion for obesity biotech Metsera, topping Pfizer’s revised $8.1 billion offer. Pfizer is fighting back with multiple lawsuits, calling the Danish drugmaker’s unsolicited bid anticompetitive in a rare industry showdown.
AMD delivered strong third-quarter results that beat analyst expectations, but the stock fell more than 5% in premarket trading. The decline reflects investor concerns about gross margins and slowing AI business growth despite solid revenue performance.
Michael Burry’s hedge fund has taken a $1.1 billion short position against Nvidia and Palantir. The move comes as global markets show extreme concentration in just a handful of tech stocks. Palantir CEO Alex Karp called the bet “batshit crazy” in response.
Ripple just raised $500 million from traditional finance giants including Citadel Securities and Fortress Investment Group. The funding values the stablecoin company at a massive $40 billion, putting it ahead of rival Circle. This signals Wall Street’s growing appetite for crypto infrastructure.
Dollar Shave Club is attempting a major comeback after losing its edge under Unilever ownership. The company is returning to its irreverent humor and DTC roots with customer-co-created campaigns. New CEO Larry Bodner promises to revive the brand that once disrupted the razor industry.
Nintendo’s latest earnings report reveals the Switch 2 has officially sold 10.36 million units as of September 30th. The console’s rapid start puts it within striking distance of the Wii U’s lifetime sales in just four months.
Michael Burry’s Scion Asset Management purchased bearish put options on 1 million Nvidia shares and 5 million Palantir shares. The investor sees dangerous parallels between the current AI boom and previous market bubbles.
A Forrester report reveals that over half of companies that conducted AI-related layoffs now regret their decision. The research suggests many executives made cuts based on AI’s “future promise” rather than actual capability to replace human workers.
Amazon has slashed the price of Lenovo’s ThinkPad E16 G2 from $1,299 to just $899. This isn’t a refurbished unit – you’re getting a brand-new laptop with premium specs including a Ryzen 7 processor, 32GB DDR5 RAM, and 1TB SSD. At this price, it’s competing with mid-range consumer laptops while offer
