BlackRock’s $205 Billion Quarter, With a Warning About Building
Larry Fink had a message Wednesday for the local officials and candidates campaigning against data centers in their towns, and he delivered it to a television audience rather than to…
OpenAI Courts Gulf Money at a Price It Set Itself
The first thing to notice about OpenAI’s latest funding talks is what is missing: a lead investor. In a normal round, a firm steps forward, negotiates a price, and everyone…
Bain Capital Circles Koch’s Data-Center Firm in a $15 Billion Bet
Bain Capital sat out the AI infrastructure boom on purpose. Its managing partner, David Gross, called the flood of money into data centers a “massive arms race,” the kind of…
Quantum Computing Draws More Than $4 Billion in Venture Money This Year
The largest single check ever written to a quantum computing company was not from a specialist fund. It came from a group of mainstream investors that included names better known…
BlackRock and IFM Close In on a $25 Billion Data-Centre Deal
Stack Infrastructure’s Asia-Pacific data centres have drawn bidders all summer. Now a consortium backed by BlackRock and IFM Investors has moved to the front of the line. The group has…
Anthropic Brings Claude to Wealth Managers, With Schwab Handling the Accounts
When the wealth manager opened the tool for the first time, the client’s assets were already there. Balances, holdings, and transaction history, pulled straight from Charles Schwab, sat on the…
Nasdaq Takes $100 Million Stake in Kraken’s Parent
The stock exchange and the crypto exchange are no longer just neighbors in the same sentence. Nasdaq said on Thursday that its venture arm will invest $100 million in Payward,…
Amex GBT Agrees to $6.3 Billion Take-Private by Long Lake
Four years after riding a blank-check boom onto the New York Stock Exchange, the world’s largest corporate travel company is heading back into private hands. Long Lake Management agreed to…
Nvidia and Six Financial Giants Create $500 Billion AI-Compute Financing Platform
Nvidia on Tuesday said it has teamed up with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to create an independent platform that aims to raise more than $500 billion…
BlackRock Takes Majority Stake in Meta’s El Paso Data Center
EL PASO, Texas–The data center rising in the desert outside El Paso has the scale of a small city: rows of buildings that will house tens of thousands of servers,…
