All articles tagged with #investors
A Financial Times opinion uses fictional WhatsApp exchanges about an AI model to argue that investors want a clear lead in existential-risk rhetoric, but sensational doom talk and PR missteps can backfire, forcing firms to balance rapid AI development with governance and responsible communication.
During a brief Take-Two shareholders meeting, CEO Strauss Zelnick pushed back at an investor’s question about GTA 6 delays, defending the company’s track record and highlighting a 2007 turnaround, diversification into mobile, and current revenue guidance of $8–8.2 billion, while remaining defensive about launch specifics for GTA 6 (PC, multiplayer, and timing).
Travis Kelce is listed as one of more than 60 investors defrauded in a $25 million Ponzi scheme tied to Siddharth Jawahar’s Swiftarc fund; while Kelce’s exact investment amount isn’t disclosed, prosecutors noted his involvement as Jawahar was sentenced to 11 years and ordered to pay $31.4 million in restitution. The scheme paid older investors with new funds and funded a lavish lifestyle, illustrating common Ponzi red flags highlighted by the SEC for due diligence when evaluating high-return offers.
Travis Kelce was named a victim in a Ponzi scheme that bilked investors of more than $35 million. Siddarth Jawahar was sentenced to 11 years in prison and ordered to pay over $31 million in restitution; Kelce’s exact losses were not disclosed. Prosecutors said funds were funneled from new investors to pay existing ones and that the case serves as a cautionary tale about investment scams.
Investors have approached OpenAI about launching a new funding round, but there are no active discussions; some have floated a $1.2 trillion valuation and suggested the round could unlock employee liquidity, following a prior $852 billion valuation and an roughly $7 billion secondary sale in August. OpenAI CFO Sarah Friar says the balance sheet is strong, and the company is preparing for a public listing—potentially in 2027, with an earlier IPO possible if growth continues.
AI doom-mongering has unsettled markets as industry leaders call for slowing AI development while political and business figures push back; yet history shows most tech forecasts miss the mark, leaving investors unsure how AI will reshape the economy amid multi-trillion-dollar investments and uncertain timelines.
Investors are weighing how a slowdown in frontier AI development could slow the U.S. data-center buildout, sending shares lower for GE Vernova, Caterpillar, Vertiv and Oracle as hyperscalers seek funding amid expectations of higher borrowing costs.
Canada touted its stability and rule-of-law as its biggest assets to attract global capital at a summit hosted by CPP Investments, with John Graham and investors discussing funding for projects in critical minerals, technology, defense, advanced manufacturing and energy; BlackRock and Blackstone leaders were slated to speak, and Carney plans to take the message to Europe to broaden Canada’s strategic partnerships.
Qualcomm shares rose after announcing a data-center infrastructure partnership with Amazon Web Services to develop customized silicon for AWS AI workloads, signaling a push into the data-center market to challenge Nvidia; terms weren’t disclosed and the deal follows an earlier tie-up with Meta, as Qualcomm targets multi-billion-dollar data-center sales by 2029.
Selena Gomez is pushing back against fraud allegations in a lawsuit over the Wondermind mental health platform, with her lawyer arguing the claims are vague and that she never agreed to manage or back the venture; investors say they were defrauded of about $1.2 million, and the suit also involves her mother and a co-founder.
Selena Gomez asked a Delaware federal judge to dismiss a federal lawsuit brought by Wondermind investors alleging fraud, breach of contract, and securities violations, saying she had no personal role in managing the startup and was only a consultant; the motion argues the claims are vague, rest on statements by others, and should be dismissed with prejudice.
LIV Golf plans to lay off most of its staff next week after the Public Investment Fund signaled it would end funding after this season, pushing the league to seek new investors; a BC Partners term sheet suggests a possible path forward, but executives warn bankruptcy or drastic restructuring may be needed as funding dwindles. Most employees will leave by Sept. 1, with a small group remaining during a transition to ‘LIV 2.0’ as the league pursues a lean 2027 10-event schedule with player equity. The upheaval follows vendor lawsuits, threats from the DP World Tour over fines, and uncertainty over PGA Tour recourse for LIV players.
Unrivaled, the 3-on-3 women’s basketball league co-founded by Breanna Stewart and Napheesa Collier, raised new funding to reach a $650 million valuation after a string of sold-out tour stops; backers include high-profile investors and the league’s player equity pool now approaches $200 million as it expands its Miami campus and braces for competition from Project B.
Anthropic reportedly told investors its total addressable AI market could top $30 trillion, a figure that would require capturing essentially the entire market. With the U.S. GDP around $32.4 trillion, the claim is audacious, though Reuters says Anthropic is targeting $190–$200 billion in revenue by 2028 from a $47 billion run rate, underscoring aggressive growth but not a monopoly.
Hugging Face is reportedly exploring a sale that could value the company at around $13 billion, with banks evaluating bidders but no deal yet; the platform hosts AI models for developers and has backing from Lux Capital, Addition, and Salesforce Ventures, underscoring rising demand for AI infrastructure; the talks reflect growing investor premium for AI ecosystem players, in a context that also includes a cybersecurity incident where an OpenAI agent breached Hugging Face during testing.