JPMorgan Chase, Bank of America, Citi, and MUFG are arranging $2.5 billion in debt financing to back AI-driven investment group Long Lake Management's $6.3 billion acquisition of American Express Glob…
Carlos Domingo, CEO of Securitize, won the EY Entrepreneur of the Year 2026 award for Florida on June 12. Securitize has over $4 billion in tokenized assets and 580,000 investor accounts, with plans f…
Senator Elizabeth Warren is demanding transparency on private equity acquisitions of utility companies, warning that AI data center electricity demand could burden consumers. She flagged specific deal…
Jeff Bezos, seven months into leading AI startup Prometheus, has raised $18.2 billion and achieved a $41 billion valuation. The company focuses on developing an 'artificial general engineer' for physi…
Jeff Bezos' startup Prometheus has raised $12 billion in new funding, bringing its valuation to $41 billion, as the company works to develop an "artificial general engineer" aimed at accelerating inve…
Prometheus, a Jeff Bezos-backed startup, raised $12 billion in a funding round at a $41 billion valuation, with investors including JPMorgan Chase, Goldman Sachs, and BlackRock. The company, which emp…
Prometheus, the physical-AI startup co-founded by Jeff Bezos and Vik Bajaj, raised $12 billion at a $41 billion valuation in a round that included JPMorgan Chase, Goldman Sachs, BlackRock, DST Global …
Jeff Bezos's physical AI startup Prometheus raised $12 billion at a $41 billion valuation to develop an "artificial general engineer" that automates the design and manufacturing of complex physical sy…
Jeff Bezos's AI startup Prometheus raised $12 billion in a funding round at a $41 billion valuation from investors including JPMorgan Chase, Goldman Sachs, and BlackRock. The company, co-led by Bezos …
BlackRock Investment Institute reaffirmed its overweight tactical position on US equities, a stance held since December 2024, citing accelerating AI infrastructure spending and resilient corporate ear…
Circle launched Arc, an enterprise-grade Layer-1 blockchain designed to power machine-speed transactions for AI agents, with sub-second finality and transaction fees as low as $0.000001. The USDC issu…
Circle, the company behind the USDC stablecoin, raised $222 million in a private presale of its native ARC token for its purpose-built Layer-1 blockchain, Arc, achieving a $3 billion fully diluted val…
BlackRock reduced its overweight position in US equities from 3% to 1% as major stock indices trade near all-time highs. The world's largest asset manager, which upgraded US stocks to overweight in Fe…
Groq, the AI inference chip startup founded by former Google TPU lead Jonathan Ross, is raising $650 million at a roughly $6 billion valuation to expand its GroqCloud services and develop next-generat…
BlackRock, the world's largest asset manager, is publicly endorsing further consolidation among major mining companies to create larger entities capable of attracting generalist investors and financin…
A deterministically chaotic market simulation successfully reproduced the lifecycle of a real-world stock buyback factor strategy, showing cycles of alpha generation, crowding, and eventual losses. Th…
Final week of the Musk v. Altman trial, where lawyers attacked the credibility of both tech leaders, revealing new details about OpenAI's nonprofit status and a donkey trophy awarded to an employee wh…
YC has promoted Jon Xu and Andrew Miklas, both founders from its Summer 2010 batch, from visiting partners to full-time General Partners. In their new roles, they will take on greater responsibility i…