Both FTX and OpenAI faced high-risk market volatility on August 2, 2026.

The entities involved

• FTX →

  Bahamian digital asset exchange company

  • Sam Bankman-Fried, founder of the crypto exchange FTX, faces charges in a New York court case and is seeking a pardon from President Trump.Fri 03:03
• OpenAI →

  American artificial intelligence research organization

  • Meta's terms are affecting Canadian news outlets, while both Meta and OpenAI utilize AI and content scraping.03:49
  • AI advancements are driving job cuts at Barclays, while DeepMind partners with the AI Security Institute and OpenAI provides model credits.03:11

Related events

• Anthropic and OpenAI are preparing for IPOs amid reports of OpenAI's lower revenue and stock decline.Oct 9
• The market is under pressure due to the OpenAI debut delay, renewed selling pressure on chipmakers like Micron and Nvidia, and the influence of the Middle East conflict on global inflation.Jun 26
• OpenAI's reported revenue weakness is causing market selling, as covered by CNBC.Oct 8
• A secondary stock offering is funding AI buildout while a political takeover threatens to throttle deals involving OpenAI and Meta.Fri 13:39