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Friday, January 16, 2026

Tag: Wall Street Journal

OpenAI Faces $74B Loss by 2028 as Anthropic Nears Profitability

Internal projections reveal OpenAI's massive $74 billion loss forecast for 2028, while rival Anthropic achieves profitability with smarter business strategy.

BlackRock Accuses Indian-Origin CEO in $500 Million Fraud Scheme

BlackRock's HPS investment arm alleges Bankim Brahmbhatt orchestrated elaborate fraud using fake invoices and diverted $500 million in collateral to offshore accounts.

Indian-Origin Businessman at Center of $500 Million Loan Fraud Case

BlackRock and BNP Paribas fight to recover over $500 million in alleged fraud involving telecom companies owned by Bankim Brahmbhatt.