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Judge awards Anthropic a $1.5 billion settlement for the largest copyright infringement in history, utilized to train the Claude chatbot.
UK’s Metro Bank is considering a merger with rival Aldermore in a $2.7 billion deal.
Google is to introduce a new server chip to run Gemini models more effectively.
Nigeria’s Dangote Refinery raises $2.5 billion in a private placement ahead of a planned IPO.
Meta to diversify beyond advertising with a $10 billion Anthropic compute lease deal.
Apple overtakes Nvidia to become the world’s most valuable company as investors reassess AI’s impact.
JPMorgan, led by Dimon, is poised to become the first bank globally to surpass $1 trillion in assets.
BlackRock’s assets reached a record $15 trillion thanks to ETF inflows and strong markets.
Stripe, Advent bid to acquire PayPal for over $53 billion.
Hungary’s Magyar Fejlesztési Bank gets a €2 billion capital injection with the EU’s approval.
In a report released on Monday, the U.N. cautioned that if global progress continues at the current rate, 575 million people will still be living
Customers are entitled to more than $100 million in compensation from Bank of America for double-dipping on some fees, withholding bonus points, and creating accounts
In a setback to Prime Minister Narendra Modi’s intentions for Indian chip manufacturing, Taiwan’s Foxconn has pulled out of a $19.5 billion semiconductor joint venture
As the most populous Arab nation struggles with price increases and a weakening currency, Egypt’s annual inflation rate reached a record high in June, according
The Swiss regulator FINMA forbade Saudi National Bank from increasing its ownership in Credit Suisse from 9.88% to around 40%, according to a story in
To better protect investors and foster innovation, China announced regulations for the $2.9 trillion private investment fund industry on Sunday. According to a statement from
In its next phase of post-Brexit reforms, Britain will attempt to persuade pension plans to spend billions of pounds on infrastructure and start-ups, despite the
In an effort to start a conversation on the future of artificial intelligence, a United Nations technology agency gathered a group of robots that physically
China’s securities regulator announced Friday that Chinese fintech company Ant Group has been fined nearly $1 billion for “illegal acts.” The China Securities Regulatory Commission
Tens of millions of people have downloaded Meta’s new text-based program, Threads since it launched last week as a competitor to Elon Musk’s social networking
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