election

According to CNBC, OpenAI's Chief Financial Officer Sarah Friar stated in an interview on the 6th local time that although the 2026 U.S. midterm elections changed the political landscape in Congress, the company's IPO plans have not been affected. Friar said that the team's job is to respond to various situations and does not believe anything has had a significant impact on the company.Friar reiterated OpenAI's goal to go public next year. She revealed that OpenAI will not stop investing in large data centers and is trying to redefine these facilities as "computing power parks" to meet customer needs and continue financing. Friar also stated that OpenAI is currently performing well, with a 70% increase in revenue in the third quarter and a doubling of enterprise sales. She looks forward to OpenAI's IPO, believing that going public aligns with the mission of making artificial intelligence accessible to everyone, and asked, "Why should only institutions benefit from these gains?"

The prediction market platform Kalshi officially disclosed that the total trading volume related to the 2026 U.S. midterm elections exceeded $2.5 billion, nearly double the $1.3 billion for the entire 2024 election cycle. On the day before and after the election, Kalshi's total nominal trading volume reached $4.15 billion (including non-election contracts). Paradigm co-founder Matt Huang revealed that on November 3, the trading volume for Kalshi's election contracts was $729 million, higher than the $244 million on the day of the 2024 U.S. presidential election. The single market for "Who Will Control the U.S. House of Representatives" had a cumulative trading volume exceeding $400 million.Before the election, institutions such as The Washington Post reported that the combined trading volume of Kalshi and Polymarket was close to $1.9 billion, with Kalshi accounting for about $1.3 billion and Polymarket about $600 million. Polymarket's onshore and offshore combined trading volume was approximately $600 million to $700 million. Kalshi stated that among the 487 races where results were announced before 6:26 AM EST on November 4, the most popular candidates won 479 races, with an accuracy rate of about 98%. Their research team noted that the overall race accuracy rate increased from 93.8% three months ago to 98.2% by the end of voting.Polymarket disclosed that the most popular candidates the day before the election won 419 out of 426 settled races, with an accuracy rate of 98.4%, and there were 78 races pending settlement; the accuracy rates for settled Senate, gubernatorial, and House races were approximately 97%, 97.1%, and 98.6%, respectively. Both platforms set the probability of the Democratic Party winning the House at about 94% and the Senate at about 75% before the votes were counted, and the final outcomes for both chambers were consistent with the results. Third parties pointed out that the market implied about 192 Republican House seats at the time of counting, which NBC later estimated to be 176 seats. Kalshi stated that the key Senate race pushed the winning side to over 99% on average about 115 minutes earlier than CNN's official announcement.

OpenAI Chief Financial Officer Sarah Friar stated in an interview with CNBC on Friday that the company will not change its AI infrastructure investment plans due to the results of the U.S. midterm elections. It will continue to collaborate with major hyperscale cloud service providers and meet AI customer demands through financing. She believes that the election results will not significantly change the company's business, but with increased attention on data centers, OpenAI will continue to strengthen communication and build trust with local communities.In this midterm election, out of 41 local data center-related votes in 10 states, only one did not support measures to limit construction or oppose support for development. Voters are mainly concerned that data centers will drive up electricity costs, harm the environment, and impact employment. Friar stated that OpenAI secretly submitted its listing application to the U.S. Securities and Exchange Commission in June and is considering going public in 2027, while negotiating a new round of financing with a pre-investment valuation of $1.25 trillion. She emphasized that the demand for AI is real and continues to grow.

According to AXIOS, Trump has informed his advisors that he plans to continue fundraising for his political action in order to regain his political influence following the Republican midterm election defeat. Maintaining a political organization, whether it is the existing MAGA Inc. super PAC or a newly established group, will provide Trump with a platform to influence the elections in 2028 and beyond, including the next presidential election.This will also enable Trump to pressure Republican lawmakers who are considering breaking away from him. During the 2026 Republican primaries, Trump's MAGA Inc. helped maintain party discipline by defeating Kentucky Republican Congressman Thomas Massie, who openly criticized Trump. However, with the Democrats controlling Congress and major donors beginning to shift their focus to the 2028 election, fundraising for Trump may become more challenging.

Nature Select completed its A+ round of financing, raising over 100 million dollars in total. The new round was jointly invested by Five Sources Capital, Qiming Venture Partners, Matrix Partners, and Huaye Tiancheng.Currently, the company's AI-native social application Elys is still in invitation-only beta testing, with the official version expected to be released in November.

On November 6, U.S. President Trump posted that the stock market decline was blamed on the Democrats. He stated that the stock market experienced one of the worst trading days in history due to the election results, causing a retreat from levels that had been hard-earned, and mentioned that the related fluctuations led to a shrinkage of 401(k) retirement accounts.In his post, Trump claimed that this situation was not caused by Republicans but by the Democrats, using the term "Dumocrats." He also stated not to be afraid, claiming that soon things would become stronger than ever before in some way, and reiterated to make America great again.

U.S. Republican Congressman French Hill won re-election in Arkansas's 2nd Congressional District, defeating Democratic challenger Chris Jones, a result confirmed by the Associated Press on Thursday. Hill currently serves as the Chairman of the U.S. House Financial Services Committee and is an important ally for the cryptocurrency industry in Congress.Hill initiated the CLARITY Act and voted in favor of the GENIUS Act, receiving an A rating from the cryptocurrency advocacy organization Stand With Crypto, classified as a strong supporter of cryptocurrency. The cryptocurrency industry-supported super PAC Fairshake pledged $1 million in October to support his re-election campaign, aiming to keep crypto-friendly lawmakers in Congress.With the Democrats winning control of the House of Representatives in Tuesday's U.S. midterm elections, Hill is expected to lose his position as Chairman of the Financial Services Committee in January. According to Reuters, the current senior Democratic member of the committee, Maxine Waters, is the leading candidate to succeed him. The Democrats also gained control of both the House and Senate, creating uncertainty for U.S. cryptocurrency legislation, with the industry potentially facing stricter scrutiny. The cryptocurrency industry-supported super PAC spent over $176 million in this election cycle.

Some observers of the Federal Reserve believe that Trump's strong opposition from voters in the midterm elections may alleviate the political pressure faced by Federal Reserve Chair Waller, allowing him to reduce political interference and focus on controlling inflation. Voters have listed the cost of living as one of their top concerns, fundamentally changing the political landscape surrounding the Federal Reserve.Since Trump's re-election in 2024, he has been exerting pressure on the Federal Reserve and its interest rate decisions, repeatedly calling for rate cuts, supporting an unprecedented criminal investigation into the renovation of the Federal Reserve's office building, and attempting to remove a sitting Federal Reserve governor. Against this backdrop, Trump chose Waller to lead the Federal Reserve in May of this year, after Waller had unusually shifted to support rate cuts. This has raised concerns among Democrats, who fear that the new chair may have agreed to adjust monetary policy according to the president's wishes.Claudia Sahm, Chief Economist at New Century Advisors, stated that in fact, if the election results prompt Trump to end the conflict with Iran and abandon further tariff increases, the Federal Reserve may not need to raise interest rates again at all.

The dust has settled on the U.S. midterm elections, with the Democratic Party winning control of both chambers of Congress, and Trump has stated that he accepts the election results. After the uncertainty dissipated, the market rebounded significantly, with the S&P 500 index rising nearly 2% in a single day, the Dow Jones index increasing by over 3%, and the VIX experiencing its largest single-day drop since April 2025. Institutions such as JPMorgan, Nomura, HSBC, and Citadel Securities have successively released bullish reports.The core logic is that institutions had significantly deleveraged before the election, and short positions in the stock market were close to a five-year high. Citadel Securities stated that the net position of CTAs in U.S. stocks is approximately negative 3.3 standard deviations, placing it in the 10th percentile since 2018. Retail investors have net bought nearly $33 billion over 22 consecutive trading days since October 5, and the corporate buyback authorization window has also quickly reopened, with new authorizations reaching $1.5 trillion this year.Tech stock valuations are compressing simultaneously. The price-to-earnings ratio of the Nasdaq 100 has dropped to 19.1 times, the lowest since October 2022; the price-to-earnings ratio of semiconductor components has fallen to 13.8 times. HSBC views the Anthropic IPO as a key turning point for a comprehensive bullish trend in tech stocks. Historical data shows that since 1938, the S&P 500 has risen in 95% of the years in the 12 months following midterm elections, with an average increase of about 14%.

The U.S. midterm elections have just concluded, and both parties have begun strategizing for the 2028 presidential election. On the Republican side, Vice President Vance has publicly linked the midterm election losses to the war in Iran, proposing four tasks: ending the war, addressing the cost of living and inflation, adhering to "America First," and adjusting U.S.-Israel relations, in an attempt to respond to voters' dissatisfaction with the Trump administration's foreign policy. However, Vance has not yet announced his candidacy and has not publicly broken with Trump. Rubio, DeSantis, and others are also listed as potential Republican candidates.On the Democratic side, the victory in the midterm elections has enhanced the political influence of several party figures. Pennsylvania Governor Shapiro, Illinois Governor Pritzker, Maryland Governor Wes Moore, and California Governor Newsom have all garnered attention. Georgia Senator Ossoff, after winning re-election, has also entered discussions as a potential candidate for 2028, although he has previously stated that he has no plans to run. Currently, neither party has officially initiated the presidential candidate nomination process. The cost of living, inflation, the war in Iran, immigration, and U.S. foreign policy are becoming core issues for potential candidates to garner party support and voter attention.

Goldman Sachs stated that the results of the U.S. midterm elections represent a "blue tsunami," which may have a significant impact on the regulation of artificial intelligence and data centers.In the report, it wrote: "Given that the Democratic Party won a majority of seats in the House and Senate far exceeding expectations, we anticipate that the Democrats will seek policy concessions in light of the upcoming fiscal deadline, particularly regarding limiting the war with Iran, rolling back certain tariffs, and overturning recently implemented spending cuts."

According to Gate market data, in the Asian early session, spot gold and silver prices rose, driven by the results of the U.S. midterm elections, which pushed U.S. Treasury yields down, enhancing the appeal of precious metals. Spot gold rose more than 1.7% during the day, reaching $4,130 per ounce.

According to Fortune, Elon Musk donated at least $474 million to Republican candidates for the 2026 midterm elections, nearly double the amount donated before the 2024 presidential election, with about $200 million directed towards Texas. The election results showed that Texas Republican Senate candidate Ken Paxton and Governor Greg Abbott both lost to their Democratic opponents.Musk also donated $30 million to the Congressional Leadership Fund and $44 million to other Republican groups and candidates. After the election results were announced, the stock prices of SpaceX and Tesla, both headquartered in Texas, fell on Wednesday.

According to WIRED, the AI-friendly super PAC network Leading the Future, backed by Silicon Valley billionaires, performed mediocrely in this round of midterm elections. The organization previously held about $100 million in funds and took a strong opposition stance on AI regulation.After the elections, it still has just over $20 million left in its account. Dozens of bipartisan congressional candidates supported by the organization have been elected.