OpenAI in talks to raise funding that would value AI startup at up to $340 billion

OpenAI in talks to raise funding that would value AI startup at up to 0 billion

Key Points

OpenAI is in talks to raise new capital at a valuation of up to $340 billion valuation, CNBC has confirmed
SoftBank would contribute $15 billion to $25 billion of the roughly $40 billion being invested.
OpenAI faces growing competition in the generative artificial intelligence market, including from China’s DeepSeek.

Source

Finance

Opendoor tanks after earnings as CEO thanks new investors for ‘increased visibility’

August 5, 2025

Key Points After a massive rally in July and early August, Opendoor hit a snag on Tuesday with a disappointing outlook. CEO Carrie Wheeler thanked new investors on the earnings call, and said “We appreciate your enthusiasm for what we’re building, and we’re listening intently to your feedback.” The company said it expects to face […]

Finance

Stocks making the biggest moves after hours: Snap, Rivian, AMD, Super Micro, Arista Networks and more

August 5, 2025

Check out the companies making headlines in extended trading. Snap — The social media platform plunged 14% after missing revenue expectations for the second quarter. Snap said it recorded $1.34 billion, slightly under the consensus forecast of $1.35 billion from analysts polled by LSEG. Rivian Automotive — The electric vehicle company dropped more than 3% […]

Finance

Op-Ed: The ‘Advisory Firm of 1’ — AI will change how your wealth is managed

August 5, 2025

Ilkercelik | Istock | Getty Images We’re about to witness a regime change in productivity. Prepare for the “RIA of 1”: A single financial advisor supported by a collection of autonomous and augmented AI agents and applications. This isn’t a whimsical notion; it’s the inevitable outcome of AI fundamentally transforming the advisory space, augmenting advisors […]