Good morning, you're tuned in to Markets Desk.
The biggest story in tech today is the one that isn't happening. OpenAI CEO Sam Altman has confirmed the company will not pursue an IPO in two thousand twenty six, citing mounting AI safety concerns. Altman argued that going public now would force shareholder pressure to compete directly with safety priorities — a trade-off he says he's unwilling to make. Wall Street had been positioning for a possible September listing.
Shifting to payments infrastructure, Toast is giving investors something to chew on. The restaurant technology platform posted a record quarter, adding nine thousand five hundred new locations and bringing its total footprint to one hundred eighty thousand restaurants. The company continues to demonstrate that its vertical software model is gaining durable traction in a notoriously difficult industry for tech penetration.
And rounding out the hour, President Trump made waves during his visit to Ireland, calling a united Ireland quote inevitable and, in his words, a very cool thing. The remarks broke sharply from decades of American foreign policy neutrality on the issue, drawing immediate pushback from pro-UK parties and putting Washington at fresh diplomatic odds with London.
That's the tape. Markets Desk, signing off the floor.
