Inside the Invitation-Only Stock Market for the Wealthy - WSJ

kept by eddie dec 15, 25

The shrinking number of U.S. public companies creates a two-tier market where the wealthy access private shares of high-growth firms while most investors are left with older, slower-growing stocks.

S.E.C. Investigating Near-Implosion of A.I. Hedge Fund
Regulators have subpoenaed major Wall Street banks for details on the trading activities of the AI hedge fund Situational Awareness amid concerns of its near collapse.
also on SEC, #finance, #regulation
US SEC preparing to scrap quarterly reporting requirement
The SEC is preparing to propose replacing mandatory quarterly earnings reports with semiannual reporting to reduce short-term corporate focus and costs.
also on SEC, #regulation
The Billionaire Coding Genius Making the Tough Decisions at OpenAI - WSJ
OpenAI president Greg Brockman, worth ~$30B, now leads product over 1,500 staff, merging ChatGPT, Codex, and API into a super app.
also on Sam Altman, #regulation, OpenAI
"All Lawful Use": Much More Than You Wanted To Know
Anthropic refused DoW surveillance and weapons use, so OpenAI stepped in, but the deal's "all lawful use" clause leaves dangerous loopholes.
also on Sam Altman, #regulation, OpenAI
The haves and have nots of the AI gold rush
A Menlo Ventures partner says the AI boom has created a stark divide where roughly 10,000 people have achieved retirement wealth while many software engineers face layoffs and career uncertainty.
also on #inequality, #economy, OpenAI