sec filing

LinkedIn co-founder Reid Hoffman is stepping down from Microsoft's board after nearly a decade. His departure, effective at the year-end shareholder meeting, is driven by a desire to fully focus on his AI healthcare startup, Manas. Microsoft confirmed no disagreements prompted his decision, highlighting his significant contributions during his tenure.

SpaceX has secured a significant cloud-services deal with Google, agreeing to a monthly payment of $920 million for computing power through mid-2029. This agreement, covering approximately 110,000 NVIDIA GPUs and other components, aims to meet surging customer demand for Google's AI products.

GoPro has issued a stark warning about its ability to continue operating for the next 12 months, citing "substantial doubt" due to rising component costs, declining sales, and significant debt. The company faces potential bankruptcy if it cannot secure additional financing or complete a strategic transaction, as it reported substantial net losses and falling revenues.

Poll Panel Tenders Unconditional Apology Before Court

The Supreme Court has ruled that an accused's right to a fair trial includes access to prosecution documents, even if classified under the Official Secrets Act. The court ordered the government to provide highly confidential documents to retired Major General V.K. Singh, facing charges for revealing secrets in his book, emphasizing fair trial rights.

AI giant OpenAI has confidentially filed paperwork for an initial public offering (IPO) with the SEC, signaling a potential Wall Street debut. While details remain undisclosed, the move aligns with a wave of anticipated tech listings, offering investors a chance to buy into leading AI firms.

Anthropic has confidentially filed a draft S-1 with the SEC, setting up a fall IPO that could value the Claude maker above $1 trillion. The filing follows a $65 billion Series H round at a $965 billion valuation and lands after months of CEO Dario Amodei warning that AI will wipe out half of entry-level white-collar jobs—a doomsday pitch that has doubled as a roadshow for Anthropic's record-breaking public market debut.

AI leader Anthropic has unveiled Claude Fable 5, a powerful new model accessible to enterprise clients and paid subscribers. This advanced AI excels in software engineering, knowledge work, and research, featuring enhanced safety measures. For specialized tasks, Claude Mythos 5 offers an unrestricted version, though Fable 5 comes with a premium price tag.

U.S. Representative Chip Roy has introduced the "American White-Collar Worker Jobs Act of 2026" to reform the H-1B visa program. The bill aims to end H-1B visas as a path to permanent residency and eliminate the Optional Practical Training (OPT) program. It seeks to prioritize American STEM professionals by enforcing stricter wage standards and preventing displacement of U.S. workers.

Opposition is mounting against SpaceX's proposed IPO due to concerns over Elon Musk's significant control and the company's governance structure. Major pension funds and U.S. public investment officials have raised red flags, warning of weakened transparency and limited shareholder protections. The American Federation of Teachers has also urged the SEC to scrutinize SpaceX's framework before its public trading.

With SpaceX IPO, Wall Street has mistaken interplanetary ambition for cash flow. The business plan has been jettisoned for an extraordinary reading list. Financial gravity no longer applies

Orders Completion of Delimitation and Electoral Rolls Revision for ULBs by June 20

SpaceX is preparing for a historic IPO, aiming for a $1.75-$2 trillion valuation and seeking to raise $75 billion by June 2026. Despite significant revenue growth from Starlink, the company reported substantial losses in 2025 and Q1 2026, largely due to heavy investments in its new AI unit following the xAI acquisition.

MC, PPCB Given 6 Weeks To File Replies; Mixed Waste Still Found Near MRF, Hearing On Aug 14

US authorities are reportedly moving to end fraud cases against Gautam Adani, with the Department of Justice potentially dropping criminal charges and the SEC nearing a settlement in its civil case. This development could offer a significant legal reprieve for the billionaire and the Adani Group, which has been facing regulatory scrutiny.

Stocks of several Adani Group firms, including Adani Enterprises, Adani Green, Adani Power, Adani Ports, Adani Energy and Adani Total Gas, rose by as much as 3.5% after the case was effectively closed the securities and wire alleged fraud case in New York.

Berkshire Hathaway, under new CEO Greg Abel, has significantly altered its investment strategy. Abel has more than tripled the stake in Alphabet (Google's parent company) and completely sold off Amazon shares, a departure from Warren Buffett's long-held tech aversion. Additionally, Berkshire made a substantial investment in Delta Airlines, another sector Buffett previously expressed skepticism about.