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OpenAI leadership shake-up intensifies as Altman reshuffles executives ahead of $1T IPO
OpenAI has undergone multiple organizational restructurings this year, with continued leadership turnover fueling internal tensions. Some employees say they are growing fatigued by the frequent changes. This week, former Slack CEO and chief revenue officer Denise Dresser said she will resign. The upheaval comes as the company moves toward a $1T IPO, raising market concerns that governance risks could complicate the listing.
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Morgan Stanley raised its iShares Bitcoin Trust ETF stake 23% to 16.5M shares in Q2 2026 and lifted its iShares Ethereum Trust ETF position about 202% to 4.6M shares
Morgan Stanley significantly increased its holdings of crypto-asset ETFs in Q2 2026. Its position in the iShares Bitcoin Trust ETF rose 23% to 16.5M shares. Its iShares Ethereum Trust ETF stake climbed about 202% to 4.6M shares. The move underscores a marked ramp-up in major financial institutions’ allocations to leading crypto assets.
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Anthropic pegs 2028 revenue at $190 billion to $200 billion as $2 trillion IPO valuation comes into view
Anthropic forecasts 2028 revenue of roughly $190 billion to $200 billion, far above the $47 billion revenue run rate it disclosed in May. The company said its revenue run rate was about $9 billion at the end of 2025 and had climbed to more than $47 billion by May. Anthropic also projects at least $10.9 billion in revenue for the second quarter of 2026, more than double the prior quarter, and is on track for its first quarterly operating profit of $559 million. The figures underscore rapid growth that would underpin a potential $2 trillion IPO valuation.
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