Meta to diversify beyond advertising with a $10 billion Anthropic compute lease deal.
Meta Platforms is in negotiations to lease processing power to Anthropic in a possible transaction worth up to $10 billion over two years. In the
AfDB approves a $114 million loan for Africa’s first EV battery gigafactory in Morocco.
On Friday, the African Development Bank (AfDB) announced that it had authorized a €100 million ($114 million) loan to support the construction of Africa's first
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
Apple overtakes Nvidia to become the world’s most valuable company as investors reassess AI’s impact.
As investors reevaluate the prospects for artificial intelligence, Apple overtook Nvidia on Friday to become the most valuable business in the world, shifting the top
JPMorgan, led by Dimon, is poised to become the first bank globally to surpass $1 trillion in assets.
Jamie Dimon’s two decades at JPMorgan Chase have changed industry records, and the Wall Street giant is now on the verge of reaching yet another
BlackRock’s assets reached a record $15 trillion thanks to ETF inflows and strong markets.
As investors poured money into its exchange-traded funds and a stock market boom increased the value of client assets, BlackRock topped Wall Street projections for
Stripe, Advent bid to acquire PayPal for over $53 billion.
Stripe, a payments company, and Advent International, a private equity firm, have jointly offered to buy PayPal Holdings Inc. for $60.50 per share. This purchase
Hungary’s Magyar Fejlesztési Bank gets a €2 billion capital injection with the EU’s approval.
A €2 billion ($2.3 billion) capital infusion into Hungary’s Magyar Fejlesztesi Bank was approved by the European Commission on Monday. This comes as Hungary pledges
SoftBank, PayPay to rescue Seven & I with $2 billion investment.
SoftBank Corp. and mobile payments operator PayPay are in talks to invest in retail giant Seven & i Holdings. The investment is expected to reach
UK to regulate BigTech firms to safeguard financial stability.
Cloud service providers Microsoft, Google, Amazon, and Oracle have been classified by Britain as critical third-party suppliers to the financial sector, subject to direct regulatory
Swift launches a blockchain ledger with an initial 16 banks to move “tokenized” funds 24 hours a day.
Global financial messaging network SWIFT, in an effort to enable 24-hour payments and compete with the developing stablecoin market, unveiled a blockchain-based shared ledger on
Bank of England says AI poses a growing threat to financial stability.
The Bank of England stated on Tuesday that investors’ large bets on artificial intelligence’s success and the technology’s increased susceptibility to hackers make it an
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