According to the Financial Times, Google invested another $1 billion in OpenAI competitor Anthropic.
According to the Financial Times, the outgoing chairperson of the US Federal Deposit Insurance Corporation (FDIC) has warned that the US financial system could pay a "high price" if the Trump administration cuts regulation of banks too aggressively. Martin Gruenberg said: "In the financial sector...
According to the Financial Times, the US Commodity Futures Trading Commission (CFTC) has warned of a regulatory "void" for cryptocurrencies and called for greater scrutiny of the political betting market. CFTC Chairperson Rostin Behnam said he will step down on January 20, the day of Trump's inauguration. Behn...
According to the Financial Times, Rostin Behnam, chairperson of the US Commodity Futures Trading Commission (CFTC), will step down on January 20.
According to the Financial Times, South Korean retail investors are flocking to the U.S. stock market, betting that the U.S. stock market will continue to rise during Trump's second term as president, while frustrated by the poor performance of the Korean stock market for years. According to the Korea Securities Depository, Korean investors held a record $112.10 billion in U.S. stocks by the end of 2024,...
On January 1st, according to the Financial Times, although half of the banned ads remain online after regulators asked to remove illegal cryptocurrency ads, the UK's financial watchdog has yet to penalize any companies that fail to remove illegal cryptocurrency ads. According to data obtained through freedom of information requests, only 54% of the 1,702 alerts issued by the UK's Financial Conduct Authority between October 2023 and October 2024 resulted in illegal cryptocurrency ads, apps or web...
According to the Financial Times, NVIDIA (NVDA. O) will launch the latest generation of compact computers for humanoid robots in the first half of 2025.
According to the Financial Times, a group of crypto-focused hedge funds have made a killing in recent weeks as Trump's victory in the presidential election has propelled bitcoin through a strong rally and above the $100,000 mark. Funds employing crypto strategies posted a 46% gain in November, bringing their year-to-date return to 76%, according to Hedge Fund Research. HFR said hedge funds have outperformed the industry, with the average hedge fund returning 10% in the first 11 months of the yea...
According to the Financial Times, Syria's largest oil refinery has ceased operations as Iranian oil supplies have ceased.
According to the Financial Times, OpenAI is negotiating with Microsoft to waive the AGI clause. It is said that the previous contract between the two companies included a clause stipulating that if OpenAI develops general artificial intelligence (AGI): that is, the current important goal in the field of artificial intelligence, machine intelligence with similar capabilities to the human brain, Microsoft will lose the right to use OpenAI technology.
According to market sources, the Financial Times has revealed that a16z founder Marc Andreessen will assist in recruiting staff for Musk's Department of Government Efficiency (DOGE). (Jin Ten)
According to the Financial Times, Trump's social media company is in advanced talks to acquire Bakkt, a cryptocurrency trading platform owned by Intercontinental Exchange.
Trump's social media company is in advanced talks to buy Bakkt, the cryptocurrency trading platform owned by Intercontinental Exchange, as it tries to expand beyond online conversations, according to the Financial Times. Trump Media and Technology Group is close to buying Bakkt for an all-share stake, according to two people briefed on the talks. The valuation under discussion is unclear, but on Monday Bakkt was valued at just over $150 million.
According to the Financial Times, Trump's advisers have sought assurances from leading candidates for Treasury secretary that they are committed to Trump's comprehensive tariff plan, according to people familiar with the matter.
According to the Financial Times, two of Musk's private companies are set to achieve a multibillion-dollar valuation leap through a new deal, as investors race to support the world's richest man's vast business interests. SpaceX, the largest private company in the United States, is preparing to launch a takeover offer in December that will sell its existing stake at about $135 per share, according to people familiar with the matter. This would value the rocket maker at more than $250 billion, hi...