Jio Platforms targets record $4B IPO in India

Amazon has withdrawn from distributing the Sam Altman biopic “Artificial” as OpenAI moves closer to a potential public listing. According to a report from Puck, Amazon has stepped away from the high-profile film project despite continuing discussions with the filmmakers…

Jio Platforms filed for India's largest IPO, targeting $3.8 billion with backing from Meta, Alphabet, and KKR. Post-IPO valuation could reach $130-180 The post Jio Platforms prepares for India’s largest IPO with backing from Meta, Alphabet, and KKR appeared first on Crypto Briefing.

With the market capitalization of AI companies soaring, US Senator Bernie Sanders is looking to give the American people a piece of the action. The veteran senator for Vermont has introduced the American AI Sovereign Wealth Fund Bill, aiming to give the public a 50 percent ownership in the largest AI companies in the US. It’s a timely move with both OpenAI and Anthropic preparing for the imminent IPOs. Sanders is not the only one pondering such a move. As the bill notes, OpenAI has proposed the creation of a “Public Wealth Fund” giving citizens a stake in “AI-driven economic growth,” while Anthropic has proposed a sovereign wealth fund to “shape the sector’s behavior.” President Trump’s advisors are also contemplating the possibility of the government grabbing a stake in major AI corporations, according to media reports. Sovereign wealth funds are not a new idea: Many administrations across the world have implemented them, notably Norway which has about $2 trillion in its wealth fund.

OpenAI has recruited two high-profile figures as it prepares for its public market debut: Noam Shazeer, one of the foundational architects of modern generative AI, and Dean Ball, a former Trump White House AI policy official. Shazeer announced his departure from Google DeepMind on Wednesday after more than two decades at the company, interrupted only […]

The NSE IPO highlights liquidity for existing investors, raising questions about future growth prospects and competitive market dynamics. The post National Stock Exchange of India files for IPO, boosting billionaire investors appeared first on Crypto Briefing.

Rising oil prices and inflation concerns may prompt tighter monetary policy, impacting economic growth and financial market stability. The post Oil price spike fuels bets on Fed rate hike by September appeared first on Crypto Briefing.

Databricks' choice to remain private highlights a strategic shift in tech firms prioritizing long-term growth over immediate public market pressures. The post Databricks opts for private funding over IPO amid market lull appeared first on Crypto Briefing.

The prediction market platform is reportedly exploring a public listing after surpassing $2 billion in annualized revenue as sports contracts face mounting legal scrutiny.