OpenAI’s revenue growth is accelerating, with its annualized revenue run rate now on track to exceed $40 billion. ChatGPT has more than 1 billion monthly users, giving the company a large base to monetize via subscriptions and a growing advertising business. OpenAI’s run rate has roughly doubled from more than $20 billion at the end of 2025, Bloomberg reported, citing people familiar with its finances.

SoFi Technologies reported Q2’26 loan originations up 69% year over year, with risk-adjusted margins of 6.1%, well above industry averages. Its technology platform segment, however, posted a 23% revenue decline from a year earlier and continues to see low adoption, weighing on the company’s fintech narrative. The stock rose about 10% after earnings, but trading has been highly volatile as investors remain divided over appropriate valuation multiples.

OpenAI’s chief financial officer told investors that the company’s enterprise revenue has surpassed its consumer revenue. Sarah Friar said OpenAI began the year with a 60/40 split, but enterprise growth accelerated faster than expected and has since overtaken consumer, according to CNBC. She added that enterprise now makes up the majority of the company’s revenue.

Berkshire Hathaway increased its stake in Alphabet by 83% in the second quarter to 106 million shares valued at $37.9 billion, making it the conglomerate’s third-largest position behind Apple and American Express. The company also raised its Delta Air Lines holding by 44% to 57.3 million shares. Buffett first disclosed an Alphabet position in the third quarter of 2025, when the stake was initially valued at about $4.3 billion.

Wells Fargo, one of the largest U.S. banks, disclosed about $9.18M in exposure to the Bitwise XRP ETF in its latest filing. The exposure consists of two positions: $1.39M and $7.79M. The bank reported $2.1T in total assets and $2.5T in client assets, drawing market attention to its involvement with an XRP ETF.

U.S. retail sales fell 0.6% m/m in July, far below expectations for a 0.1% increase, while core retail sales excluding autos and gasoline slipped 0.2% m/m versus forecasts for a 0.3% gain, according to the U.S. Commerce Department. The weak consumer data added to concerns about a slowing U.S. economy and softer corporate earnings, pushing the S&P 500 down 0.17%, the Dow down 0.20%, and the Nasdaq 100 down 0.13% on Friday. Odds of a September Fed rate hike edged down to 32% from 35%, but inflation worries helped lift the 10-year Treasury yield by 5 bp, weighing on risk appetite.

PayPal has reopened buyout talks with Stripe and private-equity firm Advent after rejecting their July offer of $60.50 per share as too low. On the back of the report, PYPL shares closed about 2% higher on Friday. The company replaced CEO Alex Chriss in early 2026 with HP’s Enrique Lores to accelerate AI integration and cut costs amid a slow turnaround. Wall Street rates the stock a Hold, with an average price target of $58.36 that implies a 5.35% downside risk.

Edelman Financial, which manages $3260亿美元 in assets, disclosed in a regulatory filing that it holds $3400万美元 worth of spot Bitcoin ETFs. The position suggests large wealth managers are beginning to add Bitcoin to portfolios. It also reflects a meaningful increase in traditional finance’s interest in crypto allocations after spot ETFs were approved.