AI giant OpenAI has confidentially filed for a US initial public offering. This move follows rival Anthropic’s similar filing. Investors are keenly watching these developments for exposure to the booming artificial intelligence sector. OpenAI aims for a significant valuation, potentially setting a new benchmark for tech IPOs. The company is navigating its transition from a nonprofit structure.
India back at no.6 in m-cap league after Korea stock rout
India has reclaimed its position as the sixth largest economy by market capitalization. This shift occurred as South Korea’s market cap saw a significant drop.