Blackstone’s Retail Fund Posts Best Month on Anthropic Stake
A letter that went out to investors in Blackstone’s flagship retail fund this month carried a figure the firm had never printed for the vehicle before. Class I shares of…
Zuckerberg Tells Employees AI Agent Work Isn’t Moving Fast Enough
Mark Zuckerberg’s message to employees this week cut against the tone of Meta Platforms’ public AI push. In an internal meeting, the chief executive said the company’s AI agent development…
Seoul Weighs 5 Trillion Won Windfall to Fund Homegrown AI Models
South Korea’s finance ministry is tallying an unexpected windfall from the semiconductor boom, and a growing faction of officials wants to spend part of it on artificial intelligence. The government…
SoftBank Revives $10 Billion Loan Backed by OpenAI Stake
The loan talks fell apart this spring, and the reasons were familiar to anyone who has tried to borrow money against a private company. Banks could not agree on what…
Jensen Huang’s Leather Jacket Goes to Auction at Sotheby’s
The black leather jacket is not a piece of clothing so much as a corporate symbol, the one garment the most valuable chip company’s chief executive has worn through two…
Goldman Says Investors Are Shedding Big Tech for Semiconductors
The trade is showing up in options prices before it shows up in most portfolios. The cost of hedging a decline in the Invesco QQQ ETF, the exchange-traded fund that…
Samsung SDI Plots $10.4 Billion Battery Push Through 2040
Samsung SDI’s home town of Ulsan, on Korea’s southeastern coast, is where the company’s battery story began, and the company now wants it to be where the next generation is…
Korea Unveils 312 Trillion Won Plan to Keep Advanced Industry in the Southeast
The announcement came with a number that dwarfed every industrial plan Seoul has offered in years. South Korea’s deputy prime minister and minister of economy and finance, Koo Yoon-cheol, said…
Global Startup Funding Hits Record $510 Billion in First Half
The number is so large that it needs to be said twice to register: $510 billion, in six months. Global venture investment in startups reached a record $510 billion in…
Trump Says Musk May Donate SpaceX Stock to Children’s Investment Plan
The remark came in the middle of a discussion about a program that has not yet been created, and it immediately became the most watched part of the exchange. President…
