News & Updates
The latest news and updates from companies in the WLTH portfolio.
Microsoft's AI Chief Says Company Is 'Less Concerned' About Google, Meta And OpenAI As Anthropic Battle Heats Up -- 'We've Closed An Enormous Gap...'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Microsoft Corporation has unveiled a series of new AI models in a bid to compete with Anthropic. Mustafa Suleyman, Microsoft's AI chief, told The Financial Times that the company's superintelligence team is focusing more on enterprise use cases, developers, and coding, akin to Anthropic's approach, and is " "less concerned" about the consumer-centric strategies of Google, Meta Platforms, and OpenAI. At Microsoft's Build conference on Tuesday, Suleyman unveiled seven new AI models, including a reasoning-focused system that Microsoft says delivers coding performance comparable to Anthropic's Opus 4.6. However, the executive acknowledged that Anthropic remains ahead despite Microsoft's rapid progress over the past six months. He noted that the AI startup has already released two more advanced models since Opus 4.6, giving it a lead of several months in the race. "We've closed an enormous gap in six months," Suleyman said. Microsoft's AI lab also presented an "ultra-efficient" coding model fine-tuned for the group's GitHub developer platform. Suleyman is confident that the amalgamation of a coding and reasoning model will aid Microsoft in creating autonomous bots capable of performing tasks for users, thereby providing a substantial boost for business customers. The software giant expects its in-house AI models to reduce costs over time by decreasing its reliance on Anthropic, to which it currently gives up a significant portion of margins when offering AI products to customers. Trending: Avoid the #1 Investing Mistake: How Your 'Safe' Holdings Could Be Costing You Big Time Microsoft Sees AI Margin Pressure Microsoft shares fell 4.17% on Tuesday as investors took profits and rotated within big tech, while attention shifted to Anthropic after its confidential IPO filing sparked interest in new AI growth opportunities. Microsoft is pushing toward "true self-sufficiency" in AI following a restructuring deal with OpenAI, while retaining a 27% stake and access to its advanced models until 2032. The company is now reducing reliance on OpenAI by expanding partnerships, including a $35 billion cloud deal with Anthropic. Anthropic has also reportedly explored using Microsoft's AI chips, underscoring the software giant's push to establish its Maia 200 processors as a lower-cost alternative to NVIDIA for certain AI inference workloads. In April, the Dario Amodei-led company launched Claude for Word, challenging Microsoft's software dominance. The launch came as AI's role in legal work drew increasing scrutiny, with Chief Justice John Roberts warning the technology could automate routine document tasks. Suleyman said Microsoft's model development will lower costs over time by reducing its reliance on Anthropic, noting the company currently gives up "significant margin" when serving products and adding that it "translates into real dollars on the bottom line." Image via Shutterstock Building Wealth Across More Than Just the Market Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn't tied to the fortunes of just one company or industry. Arrived Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly. Vinovest Fine wine and rare whiskey have historically moved independently of the stock market, making them a compelling alternative asset. Vinovest manages authenticated, insured portfolios of investment-grade wine and whiskey starting at $5,000 -- sourcing, storage, and insurance all handled for you. FarmTogether Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000 -- fully managed, with no landlord headaches. EquityMultiple For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000, with only ~5% of opportunities passing their due diligence process. Bitcoin IRA For investors who want crypto exposure with tax advantages, Bitcoin IRA allows you to trade 60+ cryptocurrencies inside a self-directed IRA or roll over an existing 401(k), with 24/7 trading and institutional cold storage. Minimum $3,000 to start. Crypto investing involves substantial risk of loss and early withdrawal penalties apply.
Anthropic calls for pause of global AI development
Company warns advanced AI systems increasingly show signs of escaping human control Artificial intelligence company Anthropic suggested Thursday a global pause on building the most powerful AI systems as the latest models are beginning to show signs they could escape human control. The San Francisco-based company, which makes the Claude family of AI models, said in a report that a worldwide slowdown in cutting-edge AI development would "likely be a good thing" -- but warned that if only one company stopped, rivals would simply race ahead. "We believe it would be good for the world to have the option to slow or temporarily pause frontier AI development to enable societal structures and alignment research to keep up with the advance of the technology," it said. Getting a real pause to work would mean multiple major AI companies in multiple countries -- most notably the US and China -- all agreeing to stop at the same time, under rules everyone could actually verify, Anthropic said. "Without a global coordination mechanism, companies and governments will have to make difficult decisions about safety while under competitive and geopolitical pressures," it said. The company has faced pushback from others in the industry -- and officials in the White House -- who say its focus on worst-case scenarios overstates the risks and amounts to a strategy for slowing rivals under the cover of safety concerns. Still, the White House has acknowledged the power of the company's Mythos model -- which has not been made available to the general public due to its cybersecurity capabilities and is currently deployed only to a small number of vetted organizations. The proposal would face an uphill battle in Washington and Silicon Valley, where US officials and tech executives have repeatedly argued that any slowdown in AI development risks handing China a decisive strategic edge in what many see as the defining technology race of the century. US President Donald Trump, however, said he discussed the possibility of cooperating with China on AI safety issues during his recent visit to Beijing. Trump also signed an executive order this week that allows the government 30 days to conduct a preliminary review of the most powerful US AI models before their release. 'Human role narrowing' Anthropic compared the problem to nuclear arms control treaties -- but said it would be even harder to get a handle on, since AI training is far easier to hide than a missile silo, and the temptation to quietly keep going would be enormous. The company said it plans to bring together government officials, scientists, advocacy groups and competing AI firms in coming months to figure out how such a system could work. The call for coordination comes alongside internal data showing that AI is already dramatically speeding up the development of AI itself, Anthropic said. That acceleration creates a feedback loop that Anthropic warned could eventually lead to what researchers call "recursive self-improvement." That's the idea of an AI system that becomes capable of essentially teaching itself to get smarter, without much human help. "We are not there yet, and recursive self-improvement is not inevitable," the report said, while adding that it could arrive sooner than most governments and institutions are ready for. "The evidence suggests that the human role is narrowing at each step in the AI development process," the company said.
Wall Street giants tout SpaceX as Musk speaks at pre-IPO investor event
NEW YORK, June 4 (Reuters) - Wall Street's investment banking giants are feting hopeful buyers of Elon Musk's SpaceX at splashy events that kicked off on Thursday, offering something most banks can't: access to the rocketmaker's top executives ahead of its blockbuster IPO next week. Musk himself showed up at a lead event - virtually. His futuristic IPO, which bases its lofty valuation on sci-fi concepts like colonizing Mars and data centers in space, has captured the imagination - and wallets - of Wall Street and investors clamoring for a piece of the action. Bank of America, JPMorgan and Morgan Stanley are all hosting events over the next few days. With plans to raise a record $75 billion, it would be the largest of all time. At an expected $1.75 trillion market capitalization, the company will immediately become one of the most valuable listed names worldwide. Musk spoke to JPMorgan clients by video link at an event hosted by CEO Jamie Dimon on Thursday, in what a source familiar with the matter said was a last-minute addition to the event. Asked by Dimon what prompted him to take SpaceX public now, Musk said: "We're embarking on a massive new growth phase, and we need capital for that." Musk also said he felt "pretty good" about the company's revenue projections and that revenue had become "much more predictable" than earlier. SpaceX President and Chief Operating Officer Gwynne Shotwell and CFO Bret Johnsen attended JPMorgan's recently opened headquarters in person. Even Musk's mother, Maye, was in the room. In the first such event for the bank at this scale, with around 3,500 clients tuned in, Dimon said JPMorgan was looking to treat "individual investors the same way institutions are treated." JPMorgan also played a video of a SpaceX rocket launch on Thursday on repeat across wide screens at its headquarters along with the words "Go for Launch" projected several feet high across the lobby. Bank of America, which is leading the retail distribution effort in the U.S., decked out the lobby at its midtown Manhattan headquarters with SpaceX rockets and other images for an event Thursday for wealth management clients, a person familiar with the matter said. The event will be headed by Co-President Jim DeMare, who will interview SpaceX's Shotwell and Johnsen about the company's public trading debut, according to a person with knowledge of the matter. It was not clear if Musk would participate in the Bank of America event. The bank also plans to light the building's spire Thursday night to resemble a rocket ship taking off. Bank of America's private bank and Merrill Lynch have invited more than 5,000 clients to market launch parties being hosted by the bank and streamed to offices across the U.S. as part of the Merrill presence. On Monday, Morgan Stanley is hosting an event for its wealth management clients featuring SpaceX executives along with Kate Claassen, the lead banker in the IPO, and wealth management head Jed Finn. It was not clear if Goldman Sachs was organizing an event similar to its well-heeled rivals for its wealth management clients. The bank is also showcasing SpaceX model rockets in two lobbies in its downtown Manhattan headquarters to mark the stock debut. Typically, Goldman Sachs does offer large deals to its private wealth clients, according to people familiar with the matter. Separately, Musk faced a setback on Thursday when S&P Global said it was not changing the requirements for entry into its major indices, effectively ruling out a swift entry for SpaceX into the benchmark S&P 500 index. (Reporting by Tatiana Bautzer, Nupur Anand, Chris Thomas; Additional reporting by Saeed Azhar, Akash Sriram; Editing by Megan Davies, Dawn Kopecki, Andrea Ricci and David Gaffen) By Tatiana Bautzer and Nupur Anand
SpaceX IPO: rockets, AI losses and Musk in control
SpaceX is inviting investors to bet on Elon Musk's vision of AI data centers in space and humans on Mars. The sky-high valuation for SpaceX -- nearly $1.8 trillion -- is based on the idea that his legendary run will continue and that Musk can achieve his goal of data centers in space and putting people on Mars. SpaceX is inviting investors to bet on Elon Musk's vision of AI data centers in space and humans on Mars. It's gamble that comes with limited voting rights, restricted ability to sue, and a business that is currently losing billions of dollars a year. Magic touch Musk's celebrity and his track record turning Tesla and SpaceX into global giants have earned him a reputation as the man who sees where technology is heading -- and builds a world-class business from it. The sky-high valuation for SpaceX -- nearly $1.8 trillion -- is based on the idea that his legendary run will continue and that Musk can achieve his goal of data centers in space and putting people on Mars. But nothing at the core of the business as it stands today lines up with that valuation, with the company growing fast but losing money. Revenue hit $18.7 billion in 2025 -- up 33 percent from the year before -- but costs grew even faster, producing a net loss of $4.9 billion. In the first quarter of 2026, it lost another $4.3 billion. Yet SpaceX's IPO filing claims it could pull in over $28.5 trillion in revenue. The real money, in SpaceX's telling, is in internet connectivity through its Starlink satellite service and above all artificial intelligence, provided by data centers rocketed into space. Yet xAI -- the AI unit of SpaceX -- has struggled to keep pace with rivals. Its standalone AI revenue stands at around $500 million, a fraction of OpenAI's and Anthropic's revenue. Musk in control Musk will keep an iron grip on the rocket and AI giant even after it brings in a legion of new investors. Ordinary investors who buy SpaceX stock will get what are called Class A shares, which give them one vote each on company decisions. Musk, meanwhile, holds a different kind of share -- Class B -- that carries 10 votes apiece. His votes will simply swamp everyone else's with about 82 percent of the total voting power in the company. Known as a dual-class structure, tech giants like Google, Meta and Snap have used the same playbook to keep their founders in charge after going public. Don't sue me Frustrated by years of shareholder lawsuits against publicly traded Tesla, Musk has ensured that SpaceX is built inside a legal fortress. SpaceX requires shareholder lawsuits to be filed in a specialized Texas business court. If a judge refuses, disputes go to private arbitration with no jury and no class actions -- stripping investors of the main legal tool used to take on large corporations. The filing acknowledges there is "risk" a court could reject these provisions if challenged, but until one does, that is the rule. Regular investor Tapping into his legion of fans, SpaceX will set aside 30 percent of the IPO shares for everyday investors, not just big Wall Street firms. In a normal IPO, institutions usually get most of the shares, so this is a bigger-than-usual chance for regular people to buy in. Why does that matter? Because it changes who gets to own the stock on day one. If more shares go to individual investors, the company is trying to spread ownership beyond hedge funds and mutual funds, some of whom may balk at the company's financials. It can also make the stock more volatile at first. If a lot of excited people rush to buy, the price can jump quickly. No choice but to buy More than 60 percent of US stocks are owned by passive funds that copy a market index like the Nasdaq 100. Nasdaq changed its rules in May to allow SpaceX to join the index within 15 trading days -- down from the previous three months. The index funds, whose investors include US retirement plans, will have to find room for the new entrant, creating a big wave of buying for SpaceX and selling of other stocks. Moreover, only 4 percent of the $1.77 trillion company will be made available for purchase -- an exceptionally thin offering. It means all those funds -- and Musk fans -- buying SpaceX will be chasing a very small pool of available stock, which could push the price up sharply.
Australia now has access to Anthropic's Claude Mythos. It may improve cyber safety - but not for everyone
Add Yahoo as a preferred source to see more of our stories on Google. Artificial intelligence (AI) giant Anthropic has expanded access to a highly advanced model deemed too dangerous for public release, including Australia in the select handful of users. The large language model, known as Claude Mythos, is now being rolled out to an additional 150 organisations across 15 countries, including the Australian government and several local businesses, as part of Project Glasswing. In an era where large-scale AI launches are happening on a day-by-day basis, this limited, gradual release may seem particularly surprising. But Mythos is not like most other AI systems. Instead it's an automated tool for assessing software to find critical bugs and vulnerabilities. This managed release is deliberate, as the discovery of vulnerabilities in computer systems is useful for those who want to defend them and those who want to hack them. However, the real nature of the impact of AI systems on cybersecurity is significantly more complex. Finding hundreds of severe vulnerabilities Under initial testing, Mythos has been able to identify multiple new high-risk vulnerabilities. Left unfixed, such flaws allow attackers to easily steal data or induce system crashes. While these reports are promising, the raw data needs context. Of the 23,000 vulnerabilities flagged by Mythos, only 6,200 were estimated as high-risk by Mythos. However AI isn't perfect, as human experts could only validate two in every three of these vulnerabilities as high-risk. Even still, the nature and severity of identified vulnerabilities has led developers to say that with Mythos "defenders finally have a chance to win, decisively". And winning this battle is extremely valuable. Over the last few years, Australians have repeatedly been the victims of costly cybersecurity incidents, including Optus, Medibank Private, the Melbourne International Film Festival, and Canvas. This barrage of attacks likely explain why the Australian Signals Directorate welcomed Australia's inclusion in Anthropic's Project Glasswing. While this AI-driven security offers huge potential benefits, the government so far has been tight-lipped on the specifics of how Mythos will actually be used. Dangerous in the wrong hands While discovering vulnerabilities is useful, defenders need to be able to respond to them. This is problematic when tools like Mythos produce large numbers of false reports, which have the potential to overwhelm unprepared cybersecurity teams. More concerningly, while access to Mythos is currently tightly controlled, it will not be long until similar tools are available to help support hackers. And it's not just the vulnerabilities that AI can discover that pose risks. AI systems more broadly are incredibly vulnerable to being tricked or exploited, with highly damaging consequences. Just this week, hackers used Meta's AI powered chatbot to gain access to high-profile Instagram accounts, including Barack Obama's. They did so by tricking AI chatbots into changing account details. And, even after Instagram announced it fixed the issue, within hours there were reports of further accounts being compromised. A similar attack known as Echoleak last year revealed how tying Microsoft Copilot to email accounts could introduce significant risks. This was made possible by sending emails to accounts monitored by Copilot's AI. These emails tricked the AI into leaking large amounts of private and confidential information, without the email ever needing to be opened by a human. No longer do we live in a world where hackers need to convince users to click a malicious link, if they can instead convince the AI that reads emails to act dangerously. Both Echoleak and the Instagram hacks underscore the risks we face as more and more organisations tie their critical functions to AI systems that are difficult to audit, and easy to exploit - even by just being persuasive. A new balance point All of this suggests the current cybersecurity landscape might be shifting to a new balance point, where defenders and hackers race to develop and exploit powerful AI tools. Tools like Mythos aren't a silver bullet. While they provide defenders with an additional set of eyes on where to look, it still will require expertise to work out what is real, and what isn't. But the advent of the AI era has already fundamentally changed the risks associated with poor cybersecurity practices. Every day a user or service provider delays a software update on one of their devices is a day where a vulnerability can be exploited. For cybersecurity teams, ensuring compliance is already a difficult enough process that will only get worse when the speed of vulnerability discovery increases. While they are high value targets for hackers, large organisations will likely remain safe, as they will have the resources to access and deploy tools like Mythos. But smaller, less resourced companies will likely not have the capacity to access these tools - or to react to the upcoming tsunami of cybersecurity updates. And if they fall behind on these updates, these smaller companies will likely find themselves at far more risk than they ever have been before. The cybersecurity divide between those with and without resources will only grow. Bridging this gap is not just an IT challenge - it's a public safety concern that will affect us all. This article is republished from The Conversation. It was written by: Andrew Cullen, The University of Melbourne Andrew Cullen does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Goldman Sachs sees 100-fold jump in SpaceX AI revenue to $322 billion by 2030: Report
People walk past a SpaceX Falcon 9 rocket displayed at a SpaceX facility in Hawthorne, California. (File/AFP) Elon Musk-led SpaceX could see its artificial intelligence business expand at an extraordinary pace over the next decade, with Goldman Sachs projecting a 100-fold surge in revenue to $322 billion by 2030, the Financial Times reported. The forecast, the report said, is based on projections shared by the Wall Street bank with a potential investor and underscores the scale of expectations surrounding one of the most closely watched listings in recent years. According to the report, SpaceX's AI division is expected to generate just $3.2 billion in 2025 before rising sharply to $322 billion by 2030 -- marking a dramatic transformation of what is currently a relatively nascent revenue stream. Overall, Goldman Sachs estimates SpaceX's total revenue could climb to $474 billion by 2030, up from $18.7 billion last year, suggesting that AI could become one of the company's most significant future growth engines alongside its core aerospace and satellite businesses. AI segment seen as key growth driver The bank has also projected a steep near-term acceleration in SpaceX's AI-linked operations. Revenue from the segment is expected to rise 388 per cent year-on-year to $15.6 billion in 2026, before reaching $34.5 billion in 2027, according to the report, which cited a person familiar with the matter. The AI business reportedly includes Elon Musk's broader technology ecosystem, spanning xAI and the social media platform X. However, the structure of revenue attribution and integration between these units remains unclear. Mega IPO plans and underwriting push The forecasts come as SpaceX prepares for what could become one of the largest initial public offerings in history. The company is reportedly aiming to raise around $75 billion at a valuation of about $1.75 trillion, placing it among the most valuable US-listed firms at listing. Major global investment banks, including Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase, are among the underwriters supporting the offering, alongside Goldman Sachs. The company has set an IPO share price of $135 and has begun its investor roadshow, with pricing expected on June 11 and trading on the Nasdaq scheduled to begin the following day. Despite the ambitious targets, investor interest is expected to remain strong, driven by Elon Musk's track record across companies including electric vehicles, rockets and artificial intelligence ventures. Valuation gap and investor caution However, analysts remain divided on the company's aggressive projections. Research firm Morningstar has reportedly valued SpaceX at around $780 billion -- less than half of its targeted IPO valuation. Morningstar has also flagged uncertainty around the long-term economics of SpaceX's AI ambitions, citing unclear monetisation pathways and intensifying competition from established players such as OpenAI and Anthropic. Questions also remain over how effectively SpaceX can integrate and scale AI-driven businesses alongside its core space and satellite operations, especially at the magnitude implied by Goldman Sachs' forecasts.
)
Anthropic says AI labs need coordinated plan to halt development if risks rise
AI that can build itself would be a major development in the history of technology, but "full recursive self-improvement also might increase the risks of humans losing control over AI systems," the AI startup said. Anthropic said on Thursday frontier AI developers should establish a coordinated, verifiable way to slow down or temporarily pause development if advanced systems begin improving themselves faster than society can manage the risks. AI that can build itself would be a major development in the history of technology, but "full recursive self-improvement also might increase the risks of humans losing control over AI systems," the AI startup said. "If systems are capable of fully building their own successors, the ways we secure them, monitor them, and shape their behavior all grow much more important." As an example, Anthropic said that as of May, more than 80% of the code merged into its codebase was authored by Claude. It would be "good for the world to have the option to slow or temporarily pause frontier AI development to enable societal structures and alignment research to keep up with the advance of the technology," the company said. However, it cautioned that unilateral or poorly coordinated slowdowns could backfire if less cautious actors continue advancing, potentially reducing overall safety. It highlighted that a meaningful pause would require agreement among "multiple well-resourced labs" operating at the technological frontier, as well as rules on what conditions would trigger or lift such a pause and who would oversee it. A unilateral pause by a single company would be easier to implement, Anthropic added, but would have limited impact, primarily shifting leadership rather than fostering broader global deliberation. Its research arm, Anthropic Institute, plans to study and help build systems that would be necessary to support a slowdown. In the coming months, Anthropic plans to convene discussions involving policymakers, researchers, civil society groups and other AI firms to examine key questions. These questions include how to manage AI-related risks such as recursive self-improvement and how to improve mechanisms for coordination. Last month, Anthropic concluded a fundraising round that valued the company at $965 billion and confidentially filed for a U.S. initial public offering on Monday.
Is SpaceX IPO Over Priced?
ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION MARK LEIBOVIT is Chief Market Strategist for VRTrader.Com. In the January 2, 2020 edition of TIMER DIGEST, Mark Leibovit was ranked the #1 U.S. Stock Market Timer and was previously ranked #1 Intermediate U.S. Market Timer for the ten year period December, 1997 to 2007. Mark's extensive media television profile includes seven years as a consultant 'Elf' on "Louis Rukeyser's Wall Street Week" television program, and over thirty years as a Market Monitor guest for PBS "The Nightly Business Report". His comprehensive study on Volume Analysis, The Trader's Book of Volume published by McGraw-Hill is a definitive guide to volume trading. It is now also published in Chinese.
Dow Jones Top Company Headlines at 9 PM ET: Apple's Plan for AI Dominance Rests on Fixing Its Much-Maligned Chatbot | Anthropic ...
Apple's Plan for AI Dominance Rests on Fixing Its Much-Maligned Chatbot The iPhone-maker has clear advantages to lead in consumer AI, but only if it can finally modernize Siri. ---- Anthropic Urges Global Pause in AI Development, Flags 'Self-Improvement' Risk The $1 trillion startup warns that artificial-intelligence models are nearing the capability to improve without human intervention. ---- JPMorgan, Citi and Big Banks Plan New Tokenized Deposit System to Answer Crypto The new network could help banks contend with a wave of new competition from stablecoins and crypto firms. ---- Now You Can Get a Subway Sandwich With Your Walmart Delivery Walmart is using its driver network to go toe-to-toe with food-delivery companies such as Uber Technologies and DoorDash. ---- Lululemon Cuts Outlook as Headwinds Mount The athleisure company has coped with negative commentary and disappointing product launches. ---- Nick Bilton Tries to Steady '60 Minutes' After Chaotic Week In a staff letter, the program's new executive producer acknowledged a "difficult" few days. ---- Docusign Nudges Revenue Outlook Higher After First-Quarter Profit Rises The company lifted its previous target by $6 million as demand grows for its AI-native Intelligent Agreement Management platform. ---- Texas AG Paxton to Probe Whether Celsius Marketed Energy Drinks to Children The investigation will focus on the Alani Nu line of energy drinks, sold by a Celsius subsidiary. ---- Blackstone Investors Ask to Pull $4.4 Billion From Private-Credit Fund The fund capped client redemptions at 5%, an about-face from Blackstone's decision to pay out all requests earlier this year. ---- The IPO Market Is So Hot a 140-Year-Old Silver Mine Just Went Public Billionaire Thomas Kaplan bought the bankrupt Idaho mine in 2010 and plans to restart production in 2028. ---- HSBC, StanChart Shares Slide as New Rules Could Restrict Chinese Funds in Hong Kong Accounts Shares in London-listed financial groups with a large presence in Asia fell on fears that new rules would curtail mainland Chinese investors' use of Hong Kong bank accounts. ---- Brown-Forman Guides for Flat Sales Amid Struggling Spirits Market Brown-Forman posted higher revenue in the fiscal fourth quarter, but said pressures to the broader spirits market are expected to keep sales flat in the new fiscal year. ---- Universal Music Shares Fall After Ackman Fund Offloads $1.5 Billion Stake Universal Music Group shares deepened their year-to-date loss after Pershing Square exited the world's biggest music company five years after its initial investment. ---- Comcast to Invest More Than $8 Billion on Universal Theme Park in U.K. The U.K. government said the investment would be followed by an additional capital injection over the first decade of operation, after an estimated five-year construction period. ---- Foxconn, Intel Team Up on AI Foxconn Technology Group and Intel are partnering to develop artificial-intelligence infrastructure, aiming to address critical bottlenecks in modern data centers. ---- Quantinuum Stock Fizzles in Highly Anticipated Quantum IPO Debut. What Went Wrong? Quantinuum stock popped in its trading debut. That momentum quickly faded. (END) Dow Jones Newswires June 04, 2026 21:15 ET (01:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
Anthropic says AI labs need coordinated plan to halt development if risks rise
June 4 (Reuters) - Anthropic said on Thursday frontier AI developers should establish a coordinated, verifiable way to slow down or temporarily pause development if advanced systems begin improving themselves faster than society can manage the risks. AI that can build itself would be a major development in the history of technology, but "full recursive self-improvement also might increase the risks of humans losing control over AI systems," the AI startup said. "If systems are capable of fully building their own successors, the ways we secure them, monitor them, and shape their behavior all grow much more important." As an example, Anthropic said that as of May, more than 80% of the code merged into its codebase was authored by Claude. It would be "good for the world to have the option to slow or temporarily pause frontier AI development to enable societal structures and alignment research to keep up with the advance of the technology," the company said. However, it cautioned that unilateral or poorly coordinated slowdowns could backfire if less cautious actors continue advancing, potentially reducing overall safety. It highlighted that a meaningful pause would require agreement among "multiple well-resourced labs" operating at the technological frontier, as well as rules on what conditions would trigger or lift such a pause and who would oversee it. A unilateral pause by a single company would be easier to implement, Anthropic added, but would have limited impact, primarily shifting leadership rather than fostering broader global deliberation. Its research arm, Anthropic Institute, plans to study and help build systems that would be necessary to support a slowdown. In the coming months, Anthropic plans to convene discussions involving policymakers, researchers, civil society groups and other AI firms to examine key questions. These questions include how to manage AI-related risks such as recursive self-improvement and how to improve mechanisms for coordination. Last month, Anthropic concluded a fundraising round that valued the company at $965 billion and confidentially filed for a U.S. initial public offering on Monday. (Reporting by Juby Babu in Mexico City; Editing by Shreya Biswas)
SpaceX IPO is valued at up to $1.75tn, Morningstar flags overvaluation
SpaceX is set to list on Nasdaq with a target around $1.5-1.8 trillion valuation. Morningstar and CNBC reports have raised questions about profitability, potential dilution, and governance given Elon Musk's control. Analysts warn the IPO could be overvalued and advise investors to consider later entry points after more shares enter the market. What's behind the headline? Market valuation and governance * SpaceX faces a high valuation based on future opportunities, including AI infrastructure and space-based data centers, which Morningstar and Morningstar UK have cast as uncertain and potentially overoptimistic. * The dominance of Elon Musk, who controls a large voting stake, raises governance concerns that analysts say could affect long-term value. * Analysts expect a near-term price pop but caution that ins and outs of insiders' selling may pressure the stock after the IPO. What to watch next * Market participation in IPOs of megacaps like SpaceX is shifting as indices and funds adjust rules for entry and liquidity. * The trajectory of SpaceX's AI products and Starlink profitability will be key catalysts for post-IPO performance. * Any mergers, dilution events, or regulatory moves will shape the stock's medium-term risk/reward profile. How we got here SpaceX is pursuing a historic IPO, aiming to raise about $75 billion and reach a multi-trillion-dollar valuation. The company's filings show ongoing losses but substantial revenue, with bets on Starlink, Grok, and future space-to-ai ventures. Analysts caution that profitability and governance risks loom, and market enthusiasm may outpace fundamentals. Our analysis CNBC reports on S&P Dow Jones rules and SpaceX's profitability thresholds; The Independent surveys Morningstar's valuation assumptions and governance concerns; Business Insider UK covers Morningstar's fair value assessment; TechCrunch highlights potential equity dilution in future transactions. Go deeper * Will SpaceX's IPO actually deliver the $75B+ fundraise? * How will Musk's voting power affect future corporate actions? * What does Morningstar's valuation imply for retail investors at the IPO?
Wall Street giants tout SpaceX in glitzy pre-IPO investor events - AOL
(Corrects ticker symbol for SpaceX in paragraph 1) By Tatiana Bautzer and Nupur Anand NEW YORK, June 4 (Reuters) - Wall Street's investment banking giants are feting investors at splashy investor events that kicked off on Thursday, giving hopeful SpaceX buyers something most banks can't: access to the rocketmaker's top executives ahead of its blockbuster IPO next week. Elon Musk's futuristic IPO, which bases its lofty valuation on sci-fi concepts like colonizing Mars and data centers in space, has captured the imagination - and wallets - of Wall Street and investors clamoring for a piece of the action. Bank of America, JPMorgan and Morgan Stanley are all hosting events over the next few days. With plans to raise a record $75 billion, it would be the largest of all time. At an expected $1.75 trillion market capitalization, the company will immediately become one of the most valuable listed names worldwide. Bank of America, which is leading the retail distribution effort in the U.S., decked out the lobby at its midtown Manhattan headquarters with SpaceX rockets and other images for an event Thursday for wealth management clients, a person familiar with the matter said. The event will be headed by Co-President Jim DeMare, who will interview SpaceX President and Chief Operating Officer Gwynne Shotwell and CFO Bret Johnsen about the company's public trading debut, according to a person with knowledge of the matter. It was not clear if Musk would participate in any way. The bank also plans to light the building's spire Thursday night to resemble a rocket ship taking off. MAKING THE ROUNDS Shotwell and Johnsen are also making the rounds at JPMorgan's recently opened, bronze-toned headquarters just a 15-minute walk away, where CEO Jamie Dimon is headlining a similar event, also on Thursday. More than 2,500 clients are expected to attend in what will be the first such event for the bank at this scale. JPMorgan also played a video of a SpaceX rocket launch on Thursday on repeat across wide screens at its headquarters along with the words "Go for Launch" projected several feet high across the lobby. Bank of America's private bank and Merrill Lynch have invited more than 5,000 clients to market launch parties being hosted by the bank and streamed to offices across the U.S. as part of the Merrill presence. On Monday, Morgan Stanley is hosting an event for its wealth management clients featuring SpaceX executives along with Kate Claassen, the lead banker in the IPO, and wealth management head Jed Finn. It was not clear if Goldman Sachs was organizing an event similar to its well-heeled rivals for its wealth management clients. The bank is also showcasing SpaceX model rockets in two lobbies in its downtown Manhattan headquarters to mark the stock debut. Typically, Goldman Sachs does offer large deals to its private wealth clients, according to people familiar with the matter. (Reporting by Tatiana Bautzer and Nupur Anand, Additional reporting by Saeed Azhar and Akash Sriram; Editing by Megan Davies, Dawn Kopecki, Andrea Ricci and David Gaffen)
Anthropic calls for pause of global AI development
New York - Artificial intelligence company Anthropic suggested Thursday a global pause on building the most powerful AI systems as the latest models are beginning to show signs they could escape human control. The San Francisco-based company, which makes the Claude family of AI models, said in a report that a worldwide slowdown in cutting-edge AI development would "likely be a good thing" -- but warned that if only one company stopped, rivals would simply race ahead. "We believe it would be good for the world to have the option to slow or temporarily pause frontier AI development to enable societal structures and alignment research to keep up with the advance of the technology," it said. Getting a real pause to work would mean multiple major AI companies in multiple countries -- most notably the US and China -- all agreeing to stop at the same time, under rules everyone could actually verify, Anthropic said. "Without a global coordination mechanism, companies and governments will have to make difficult decisions about safety while under competitive and geopolitical pressures," it said. The company has faced pushback from others in the industry -- and officials in the White House -- who say its focus on worst-case scenarios overstates the risks and amounts to a strategy for slowing rivals under the cover of safety concerns. Still, the White House has acknowledged the power of the company's Mythos model -- which has not been made available to the general public due to its cybersecurity capabilities and is currently deployed only to a small number of vetted organizations. The proposal would face an uphill battle in Washington and Silicon Valley, where US officials and tech executives have repeatedly argued that any slowdown in AI development risks handing China a decisive strategic edge in what many see as the defining technology race of the century. US President Donald Trump, however, said he discussed the possibility of cooperating with China on AI safety issues during his recent visit to Beijing. Trump also signed an executive order this week that allows the government 30 days to conduct a preliminary review of the most powerful US AI models before their release. - 'Human role narrowing' - Anthropic compared the problem to nuclear arms control treaties -- but said it would be even harder to get a handle on, since AI training is far easier to hide than a missile silo, and the temptation to quietly keep going would be enormous. The company said it plans to bring together government officials, scientists, advocacy groups and competing AI firms in coming months to figure out how such a system could work. The call for coordination comes alongside internal data showing that AI is already dramatically speeding up the development of AI itself, Anthropic said. That acceleration creates a feedback loop that Anthropic warned could eventually lead to what researchers call "recursive self-improvement." That's the idea of an AI system that becomes capable of essentially teaching itself to get smarter, without much human help. "We are not there yet, and recursive self-improvement is not inevitable," the report said, while adding that it could arrive sooner than most governments and institutions are ready for. "The evidence suggests that the human role is narrowing at each step in the AI development process," the company said.
SpaceX IPO: rockets, AI losses and Musk in control
Washington - SpaceX is inviting investors to bet on Elon Musk's vision of AI data centers in space and humans on Mars. It's gamble that comes with limited voting rights, restricted ability to sue, and a business that is currently losing billions of dollars a year. - Magic touch - Musk's celebrity and his track record turning Tesla and SpaceX into global giants have earned him a reputation as the man who sees where technology is heading -- and builds a world-class business from it. The sky-high valuation for SpaceX -- nearly $1.8 trillion -- is based on the idea that his legendary run will continue and that Musk can achieve his goal of data centers in space and putting people on Mars. But nothing at the core of the business as it stands today lines up with that valuation, with the company growing fast but losing money. Revenue hit $18.7 billion in 2025 -- up 33 percent from the year before -- but costs grew even faster, producing a net loss of $4.9 billion. In the first quarter of 2026, it lost another $4.3 billion. Yet SpaceX's IPO filing claims it could pull in over $28.5 trillion in revenue. The real money, in SpaceX's telling, is in internet connectivity through its Starlink satellite service and above all artificial intelligence, provided by data centers rocketed into space. Yet xAI -- the AI unit of SpaceX -- has struggled to keep pace with rivals. Its standalone AI revenue stands at around $500 million, a fraction of OpenAI's and Anthropic's revenue. - Musk in control - Musk will keep an iron grip on the rocket and AI giant even after it brings in a legion of new investors. Ordinary investors who buy SpaceX stock will get what are called Class A shares, which give them one vote each on company decisions. Musk, meanwhile, holds a different kind of share -- Class B -- that carries 10 votes apiece. His votes will simply swamp everyone else's with about 82 percent of the total voting power in the company. Known as a dual-class structure, tech giants like Google, Meta and Snap have used the same playbook to keep their founders in charge after going public. - Don't sue me - Frustrated by years of shareholder lawsuits against publicly traded Tesla, Musk has ensured that SpaceX is built inside a legal fortress. SpaceX requires shareholder lawsuits to be filed in a specialized Texas business court. If a judge refuses, disputes go to private arbitration with no jury and no class actions -- stripping investors of the main legal tool used to take on large corporations. The filing acknowledges there is "risk" a court could reject these provisions if challenged, but until one does, that is the rule. - Regular investor - Tapping into his legion of fans, SpaceX will set aside 30 percent of the IPO shares for everyday investors, not just big Wall Street firms. In a normal IPO, institutions usually get most of the shares, so this is a bigger-than-usual chance for regular people to buy in. Why does that matter? Because it changes who gets to own the stock on day one. If more shares go to individual investors, the company is trying to spread ownership beyond hedge funds and mutual funds, some of whom may balk at the company's financials. It can also make the stock more volatile at first. If a lot of excited people rush to buy, the price can jump quickly. - No choice but to buy - More than 60 percent of US stocks are owned by passive funds that copy a market index like the Nasdaq 100. Nasdaq changed its rules in May to allow SpaceX to join the index within 15 trading days -- down from the previous three months. The index funds, whose investors include US retirement plans, will have to find room for the new entrant, creating a big wave of buying for SpaceX and selling of other stocks. Moreover, only 4 percent of the $1.77 trillion company will be made available for purchase -- an exceptionally thin offering. It means all those funds -- and Musk fans -- buying SpaceX will be chasing a very small pool of available stock, which could push the price up sharply.
SpaceX must wait a year to be part of S&P 500. The rules won't change for megacap companies. | Mint
Summary Many investors expected that S&P Dow Jones Indices would make the eligibility changes to ease the entry of SpaceX and other big coming IPOs into the S&P 500 index. S&P Dow Jones Indices said it plans to make no changes to eligibility criteria for the S&P 500 index, which means that SpaceX and other big IPOs won't be fast-tracked into the index. This means that newly public companies will have to wait at least 12 months before being considered for addition to an index. The action, announced in a press release late Thursday, affects the S&P 500 index and the S&P mid-cap and small-cap indexes. Earlier this year, S&P had considered allowing megacap companies into the index six months after their IPO dates. It also considered exempting megacap companies from financial viability criteria requiring them to be profitable before being included in S&P indexes. The firm said that it acted as "a result of the S&P Dow Jones Indices consultation on the treatment of Megacap companies." The action is a surprise because many investors expected that S&P Dow Jones Indices would make the eligibility changes to ease the entry of SpaceX and other big coming IPOs into the S&P 500 index. Nasdaq said in April that it was changing its rules to allow large companies to join the Nasdaq 100 just 15 days after their IPOs. The change was set to go into effect Friday. S&P Dow Jones said that "no changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF," a reference to investible weight factor. S&P will continue to require companies to be profitable on a GAAP basis in the most recent quarter and have positive GAAP profits over the prior 12 months to be eligible for inclusion in the S&P 500 index. S&P's move to consider loosening requirements for admission into the index generated controversy in the investment community, with critics saying that proposed changes were too lenient on large, newly public companies and were designed to fast-track SpaceX as well as companies like Anthropic and OpenAI into the S&P 500. In a statement, the firm said "S&P DJI determined that exceptions to these requirements should not be granted solely based on market capitalization." SpaceX wasn't profitable in 2025 on a GAAP basis.
TrendAI™ Joins Anthropic's Project Glasswing
Collaboration will support efforts to identify and remediate software vulnerabilities using advanced AI capabilities HONG KONG SAR - TrendAI™, the enterprise AI security leader from Trend Micro Incorporated (TYO: 4704; TSE: 4704), today announced its participation in Project Glasswing, an initiative focused on helping organizations identify and address vulnerabilities in critical software systems. As part of the program, TrendAI™ will use Anthropic's Claude Mythos Preview to support the review and analysis of software code, helping threat intelligence researchers turn accelerated vulnerability discovery into coordinated disclosure, prioritized remediation, and measurable risk reduction through vulnerability shielding and virtual patching. AI is dramatically accelerating vulnerability discovery. TrendAI™ views this as a positive signal for the industry - it is part of the broader, collaborative ecosystem TrendAI™ has been actively contributing to for decades alongside organizations like Anthropic. Rachel Jin, Chief Platform and Business Officer, Head of TrendAI™: "We're aligned with Anthropic's goals of using AI to make all software more secure. Organizations increasingly depend on software that operates at tremendous scale and supports critical business functions. Project Glasswing represents an important opportunity to explore how advanced AI can help software providers identify vulnerabilities earlier and improve the security and resilience of the systems customers depend on every day." TrendAI™ joins a growing community of organizations participating in Project Glasswing to better understand how frontier and advanced AI models can support defensive security efforts and improve the security of critical software infrastructure. Insights gained through the program will contribute to informing the broader industry efforts to strengthen the security of the digital ecosystem. Hashtag: #trendai #trendmicro #trendvisionone #visionone #trendaivisionone https://www.trendaisecurity.com https://www.linkedin.com/company/trendai-security https://x.com/trendaisecurity https://www.facebook.com/trendaisecurity/ The issuer is solely responsible for the content of this announcement. About Anthropic Anthropic is an AI safety and research company dedicated to building reliable, interpretable, and steerable AI systems. Its Claude family of models enables advanced capabilities across a wide range of applications, including code understanding and security analysis. About TrendAI™ TrendAI™, the global AI security leader and enterprise business unit of Trend Micro, empowers organizations with full AI visibility and consolidated security that inspires confidence, drives innovation, and eliminates risk. Trusted by the largest enterprises and governments across 185 countries, TrendAI™ secures the entire organization, from identities to infrastructure to data. Global Fortune 500 companies rely on TrendAI™ to cut risk and stop threats up to three months earlier, powered by world-leading threat and attack intelligence. Through deep ecosystem partnerships with market leaders like NVIDIA, Anthropic, AWS, Google, and Microsoft, TrendAI™ empowers your organization to securely drive forward at the speed of AI. AI Fearlessly. Learn more at trendaisecurity.com.
Should You Buy RocketLab Stock Instead of SpaceX at IPO?
RocketLab (NASDAQ: RKLB) stock is soaring on the back of increasing enthusiasm to invest in space stocks. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue " *Stock prices used were the afternoon prices of June 2, 2026. The video was published on June 4, 2026. Should you buy stock in Rocket Lab right now? Before you buy stock in Rocket Lab, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Rocket Lab wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $439,632!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,316,532!* Now, it's worth noting Stock Advisor's total average return is 959% -- a market-crushing outperformance compared to 210% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks " *Stock Advisor returns as of June 4, 2026. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Rocket Lab. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
17 Unconventional Hors D'oeuvres Recipes To Surprise Your Dinner Guests
Hors d'oeuvres, a French culinary tradition, are one or two-bite morsels. They're typically served at dinner parties and organized gatherings and are seasoned to pair well with specific beverages. Originating from the term "apart from the main work," hors d'oeuvres set the stage for the main meal, providing a glimpse into the upcoming meal awaiting guests. Designed to be consumed standing, these petite delicacies don't require any utensils, making them perfect for informal mingling. The art of hors d'oeuvres lies in the balance. An appropriate blend of meat, vegetables, and fish not only caters to diverse palettes but can also make the hors d'oeuvres feel like a mini meal. If you're planning on serving a selection of hors d'oeuvres, it's essential to acknowledge and cater to the varied dietary preferences of your guests so everyone has something to enjoy. There are plenty of options, from zesty fruit and vegetable creations to hearty bread-based snacks. Add some dishes with proteins -- be it meat or seafood -- and you have a nicely varied spread. If you want to impress your guests and avoid sharing the classics (as much as we love them), such as stuffed mushrooms, mini quiches, and bruschetta, here are adventurous hors d'oeuvres to gain some chef brownie points.
Anthropic suggests pause of global AI development, warning that 'human role narrowing'
Anthropic faces pushback from others in the industry and US officials, who say the focus on worst-case scenarios overstates the risks. Artificial intelligence company Anthropic has suggested a global pause on building the most powerful AI systems as the latest models are beginning to show signs they could escape human control. The San Francisco-based company, which makes the Claude family of AI models, said in a report on Thursday that a worldwide slowdown in cutting-edge AI development would "likely be a good thing" -- but warned that if only one company stopped, rivals would simply race ahead. "We believe it would be good for the world to have the option to slow or temporarily pause frontier AI development to enable societal structures and alignment research to keep up with the advance of the technology," it said. Getting a real pause to work would mean multiple major AI companies in multiple countries -- most notably the US and China -- all agreeing to stop at the same time, under rules everyone could actually verify, Anthropic said. "Without a global coordination mechanism, companies and governments will have to make difficult decisions about safety while under competitive and geopolitical pressures," it said. The company has faced pushback from others in the industry -- and officials in the White House -- who say its focus on worst-case scenarios overstates the risks and amounts to a strategy for slowing rivals under the cover of safety concerns. Still, the White House has acknowledged the power of the company's Mythos model -- which has not been made available to the general public due to its cybersecurity capabilities and is currently deployed only to a small number of vetted organisations. The proposal would face an uphill battle in Washington and Silicon Valley, where US officials and tech executives have repeatedly argued that any slowdown in AI development risks handing China a decisive strategic edge in what many see as the defining technology race of the century. US President Donald Trump, however, said he discussed the possibility of cooperating with China on AI safety issues during his recent visit to Beijing. Trump also signed an executive order this week that allows the government 30 days to conduct a preliminary review of the most powerful US AI models before their release.
When Will SpaceX, Anthropic, and OpenAI Join the S&P 500 Index?
Three massive initial public offerings (IPOs) of artificial intelligence (AI) companies are expected before the end of the year, and they could be the largest public stock offerings in history. Anthropic, which developed the chatbot Claude, filed with the Securities and Exchange Commission on Monday for an IPO. SpaceX, the rocket and AI company started by Elon Musk, is expected to go public on June 12. And OpenAI, which is behind the ChatGPT chatbot, will soon do the same. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue " They are all expected to be valued at between $1 trillion and $2 trillion at their debuts -- valuations that would place them among the world's 12 or 13 largest companies by market cap. Image source: Getty Images. The three companies are expected to cause some disruptions to the market when, and if, they are added to the S&P 500 index. That's because large mutual funds and passive funds that track the large-cap index will have to sell meaningful portions of their existing holdings to add these blockbuster companies and fulfill their mission of proportionally representing the market. That will be a massive rebalancing act for those funds. But normally, the process of preparing for those changes would take a year or more, giving fund managers time to adapt. According to longstanding S&P rules, a company must be public for a year and have four consecutive quarters of positive earnings before it can be added to the iconic S&P 500 index. This latter requirement is known as "financial viability." S&P 500 may change the rules to accommodate these companies That may change very soon, however. In an unprecedented move, S&P Dow Jones is considering altering its rules to fast-track the entry of these giant companies. On April 30, S&P Dow Jones announced it is consulting with stakeholders about allowing newly public companies to be added to the S&P 500 index after just six months of being publicly traded. In addition, it is considering waiving the financial viability requirement for megacap companies. That last change would be a critical one for these AI IPOs, as SpaceX and OpenAI are still unprofitable, and Anthropic is expected to post its first quarterly profit this (second) quarter. The three companies combined for losses of more than $25 billion last year as they scrambled to raise (and spend) funds to train next-generation models, scale current ones, and win the competition between Claude, ChatGPT, and SpaceX's Grok chatbot. S&P Dow Jones is not alone in its efforts to accommodate the three mega-IPOs. Nasdaq approved a fast-track change in March to grant newly public behemoths early admission to the Nasdaq-100 index. And London-based FTSE Russell, which runs a bunch of well-known market indexes, is in consultation to do so. So, investors who want to get portfolio exposure to these giant AI companies after they go public this year may not have to wait long. In fact, anyone who owns shares of passive S&P 500 or Nasdaq-100 index funds may not have a choice. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 959%* -- a market-crushing outperformance compared to 210% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks " *Stock Advisor returns as of June 4, 2026. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.