Business News and Updates

Palantir’s Alex Karp says OpenAI will never go public – and AI labs’ only way out is to beg Washington: “Nationalize us, please”

Ross Nicholson Sep 23 2026

Alex Karp shaking hands with Ecuador’s President Daniel Noboa at Davos

Palantir CEO Alex Karp doesn’t think OpenAI will ever go public. His reason: the legal liability hanging over frontier AI companies is so enormous that no stock market could absorb it, and the only real exit is for the government to take them over. His comments, from a CNBC interview on September 17, have been doing the rounds all week, and TechRadar picked them up today.

AMD just became a $1 trillion company – its stock has nearly tripled this year on the AI boom

Ross Nicholson Sep 21 2026

AMD’s glass headquarters building in Santa Clara, California

AMD crossed a $1 trillion market value for the first time on Monday, joining a tiny club of chipmakers as investors pile into bets on its growing role in AI, Reuters reports. Shares jumped 9.6% to $613.31, a record high, making AMD only the fourth U.S. chipmaker ever to reach the milestone, after Nvidia, Broadcom and Micron.

A month-old AI start-up with no product is about to be worth $3.7 billion – and it’s run by the people who built Google’s Genie

Ross Nicholson Sep 17 2026

The glass entrance of Google’s building at 6 Pancras Square in London, with a large illuminated Google sign

Emulate was only incorporated in August. It has no public product and, until now, had no public profile. And according to the Financial Times, it’s in advanced talks to raise up to $700 million at a valuation of $3.7 billion, including the new money. The reason investors are lining up: its founders are the Google DeepMind researchers behind Genie.