Markets

OpenAI files confidential S-1 with SEC in step toward potential IPO

OpenAI said Monday it has taken a formal step toward a potential stock market debut, signaling that the artificial intelligence company is preparing for the possibility of becoming a publicly traded firm. The move gives OpenAI flexibility to pursue an initial public offering in the future, though the company indicated…

Apple finally gives Siri an AI glow-up after rare delay

Siri’s full-fledged AI moment is finally here.On Monday, Apple unveiled its long-awaited, much-delayed overhaul of Siri as it looks to catch up in the AI race.”Today, we are introducing an entirely new version of Siri, Siri unlocked by Apple Intelligence,” said Mike Rockwell, VP of engineering, said during the company’s…

FTX founder Sam Bankman-Fried insists he is innocent, wants Trump pardon

Sam Bankman-Fried, the former cryptocurrency billionaire serving a 25-year sentence for fraud tied to the 2022 collapse of his FTX exchange, says he would welcome a pardon from President Donald Trump — but insists he has not lobbied the White House for one. “It would be obviously, you know, ultimately…

Hibbett Sports closing 175 locations as parent JD Sports cuts costs

Hibbett Sports will close 175 stores around the U.S. over the next three years as its parent company, JD Sports, looks to reorganize its footprint. JD Sports acquired Hibbett in 2024 in a deal valued at around $1.1 billion, with the acquisition viewed as enhancing JD’s presence in the North…