Situational Awareness, the hedge fund whose aggressive AI bets soured badly in July, is backed by a formidable lineup of Silicon Valley and Wall Street investors who put their faith in a 20-something founder with
Inside Morgan Stanley’s MS -1.39%decrease; down pointing triangle private bank for the ultrawealthy over the past year, an employee in the mortgage-lending department tried to question how a client kept applying for new
Nvidia NVDA -0.92%decrease; down pointing triangle is in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data center project, one of the most ambitious financial transactions yet in
The Depository Trust & Clearing Corp., a leading trade processor, plans to convert a batch of shares and Treasurys into digital tokens, the clearinghouse’s latest step toward a fully digital Wall Street. Almost 40 financial firms
Truelink Capital said Monday it had acquired Lyons Magnus, a company that specializes in making flavored ingredients and beverages. The deal value wasn’t disclosed. The Wall Street Journal earlier reported that it would be
Etched, a startup developing AI chips in competition with Nvidia NVDA -2.21%decrease; down pointing triangle, is set to quadruple its valuation to about $20 billion in a new funding round led by an existing investor,
America’s data-center developers are ready to cash in on the AI boom. Data-center builders and operators across the U.S. are working with bankers to sell majority equity stakes worth tens of billions of
The Trump administration is continuing its push to limit undocumented immigrants’ access to the U.S. banking system, urging banks to consider loans to them as potentially risky. Earlier this year, officials began discussing ways
