UBS has suspended withdrawals from a €400mn European real estate fund for up to three years, in a dramatic move that underscores growing investor anxiety over global economic instability linked to escalating
Palantir Technologies Inc. has filed a lawsuit against two former senior artificial intelligence engineers, alleging that they misappropriated confidential documents and information to help launch a rival company, Percepta. The lawsuit, filed
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OpenAI is reportedly laying the groundwork for an initial public offering that could value the artificial intelligence pioneer at up to $1 trillion, according to sources familiar with the matter, in what
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Masayoshi Son’s bold bets on artificial intelligence have propelled him past Uniqlo billionaire Tadashi Yanai to become Japan’s richest person, Bloomberg reports. Son’s net worth surged 248% this year to $55.1 billion,
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Toyota Motor Corp. has no plans to increase its proposed ¥4.7 trillion ($31 billion) buyout of Toyota Industries Corp., CEO Koji Sato said, despite widespread criticism that the tender offer undervalues the
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Nvidia (NVDA.O) is poised to make history on Wednesday as the first company to reach a $5 trillion market valuation, extending a remarkable rally that has cemented its central role in the
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OpenAI CEO Sam Altman is setting his sights on a technological and financial revolution, Reuters reports, unveiling plans to dramatically scale the company’s AI infrastructure and pursue an initial public offering. Speaking
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Saudi Arabia is preparing to redirect its $925 billion sovereign wealth fund away from the large-scale real estate megaprojects that have dominated its development agenda for the past decade, Reuters reports. According
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ChatGPT said: The Trump family has turned cryptocurrency into a gold mine. According to a Reuters investigation, the family of U.S. President Donald J. Trump earned more than $800 million in the
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JPMorgan Chase has appointed long-time executive Jay Horine to lead its ambitious $1.5 trillion investment fund aimed at bolstering U.S. national security industries, according to an internal memo seen by Reuters. The
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India’s initial public offering market is experiencing an unprecedented surge, driven largely by domestic investors, according to data compiled by Bloomberg. LG Electronics India Ltd.’s $1.3 billion IPO on October 7 sold
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