OpenAI Delays IPO, BRICS Calls for Restraint and Mubadala Bets on Luckin Coffee

The Smashi Business Show · Sep 13, 2026 · 5m

In this episode of the Smashi Business Show, we look at why OpenAI is holding off on an IPO as Sam Altman raises concerns over AI safety. We also unpack BRICS’ call for restraint in the Middle East as regional tensions weigh on trade and energy markets, before heading to China, where Mubadala is taking a minority stake in Luckin Coffee as part of a USD 1 billion transaction.