OpenAI Rules Out 2026 IPO as Altman Prioritizes AI Safety 
OpenAI Agents Used Websites for Unauthorized Communications 
OpenAI Targets Specialized Industries as Enterprise AI Demand Grows 
Elon Musk’s Boring Company Raises $3 Billion at $23 Billion Valuation 
Huawei, Chinese AI Chipmakers Raise Prices as HBM Shortage Bites 
Boeing, SPEEA Reach Tentative Four-Year Labor Deal 
SpaceX Nasdaq 100 Weight Set to More Than Double 
Zara Owner Inditex Sales Rise 9% in August 
Hyundai Delays In-House ADAS, Turns to Nvidia 
Novartis M&A Strategy Faces Investor Scrutiny After Drug Setbacks 
Samsung, Qualcomm 2nm Chip Deal Delayed Over Pricing 
U.S. Accuses Chinese AI Firms of Extracting Model Capabilities 
Nvidia Plans 2GW Australia AI Data Center Expansion by 2027 
Optus Apologises After Network Outage Disrupts Emergency Calls 
Enflame Shares Surge 200% in Shanghai AI Chip Debut 
Nvidia Eyes $10 Billion Investment in Anthropic IPO 
Add as a preferred source on Google
A filing with the US Securities and Exchange Commission revealed that the billionaire activist investor sold his 46.3 million shares in the e-commerce platform in exchange of snagging the same number of shares in the digital payments platform, Reuters reported. Prior to eBay’s spinoff from PayPal, Icahn’s stake ownership in eBay was at 3.8 percent.
ZDNet said Icahn’s move was no longer surprising, even to the newbie investors, as he has been publicly vocal about his support in spinning off the two businesses. He also published a number of letters calling out eBay’s management for their alleged hampering of the company’s growth for personal gain. Moreover, Icahn has long argued that the spinoff was a good move for the investors to guarantee shareholder value given the wide disparity between the two companies’ earnings and revenue.
Although eBay executives did not like the idea of a spinoff, it became a reality following Apple Pay’s debut in the market early this year, PYMNTS.com wrote.
