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OpenAI Co-Founder Greg Brockman Defends Company's For-Profit Pivot... And His Own $30 Billion Payday
OpenAI Co-Founder Greg Brockman Defends Company's For-Profit Pivot... And His Own $30 Billion Payday
Authored by Beige Luciano-Adams via The Epoch Times,
In the second week of a high-profile jury trial that could have profound impact on the race for artificial intelligence, OpenAI president Greg Brockman rejected allegations that he and other co-founders betrayed the company’s philanthropic mission and illegally enriched themselves by flipping the non-profit lab into a for-profit corporation.
Tesla CEO Elon Musk in 2024 sued Brockman and CEO Sam Altman, alleging they bilked him of $38 million in donations...
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Jul 15, 2026 / Tyler Durden
PayPal Soars On Reported $53 Billion Buyout Bid From Stripe And Advent
PayPal Soars On Reported $53 Billion Buyout Bid From Stripe And Advent
PayPal shares surged the most on record in premarket trading in New York after Reuters reported that payment company Stripe and private equity firm Advent International have offered more than $53 billion to acquire the struggling payments platform.
PYPL shares are up 20% premarket...
It's biggest single-day jump since at least 2015 (which is near the lows where it is currently trading)...
The proposed $60.50-a-share bid represents a roughly 28% premium to PayPal's Tuesday close, though it remains 80% below...
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Apr 8, 2026 / Tyler Durden
A Pause To Negotiate A Deal? Some Caveats...
A Pause To Negotiate A Deal? Some Caveats...
Authored by Peter Tchir via Academy Securities,
Basically we wound up at the better end of our “base case” in yesterday’s Spaghetti Western, and you could argue we made it all the way into our best case of “ceasefire” (I’m reluctant to label it that, as you will see, but it is touching on that end).
I do think we are far from a “real deal”.
In any case, markets are responding according as both sides send people to Pakistan to negotiate a deal.
Stocks are...
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May 18, 2026 / Tyler Durden
Behind Turkey's Gold Sales: The Biggest Ever Plunge In Foreign Reserves
Behind Turkey's Gold Sales: The Biggest Ever Plunge In Foreign Reserves
Shortly after the Iran war started, with gold unexpectedly tumbling, we showed that the reason behind gold's paradoxical move - after all, the precious metal has traditionally been a store of value in times of geopolitical stress - was the furious liquidation of gold by emerging markets, in this case Turkey, scrambling to obtain reserve dry powder so Ankara could cover soaring costs of energy imports.
And indeed, the latest central bank data showed that Turkey’s foreign reserves had their biggest...
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