Author: Editor-In-Chief
Wednesday, July 17, 2024, Blackstone headquarters in New York, USA.Bloomberg | Bloomberg | Getty ImagesBlackstone announced Tuesday that it has raised $13.1 billion for its latest Asia private equity fund, making it the region’s largest PE financing.Blackstone Capital Partners Asia III has exceeded its $10 billion target and raised more than double its predecessor, the alternative asset manager said.Joe Baratta, global head of Blackstone Private Equity Strategies, said in a statement: “Asia Pacific is the fastest growing region in the world and presents attractive opportunities to invest at scale based on themes in which we strongly believe.” Blackstone said it…
Nvidia Corp. CEO Jensen Huang announced the RTX Spark superchip at the Nvidia GTC conference on the sidelines of Computex 2026 on Monday, June 1, 2026 in Taipei, Taiwan. Yifei Lin | Bloomberg | Getty Imagesas important as Nvidia has permeated the technology industry, but its developments in recent years have all been related to data centers. Now, the chipmaker is eyeing the PC market, and Wall Street recognizes the threat it poses. In his keynote speech at the Computex conference in Taiwan on Monday, Nvidia CEO Jensen Huang said his company and microsofttrying to “reinvent the PC”. Nvidia’s plan…
President Donald Trump on Tuesday tapped Bill Pulte, who heads the Federal Housing Finance Agency, as acting director of national intelligence, putting the growing U.S. intelligence community in the hands of supporters targeting the president’s enemies.President Trump’s current DNI, Tulsi Gabbard, announced last month that she would resign from her position effective June 30.Trump said in a Truth Social post announcing the selection that Pruitt, who has no experience in the intelligence community, will retain his existing titles as FHFA board member and chairman of mortgage groups Fannie Mae and Freddie Mac.President Trump previously announced that Aaron Lucas, deputy chief…
Impulse Space, the startup founded by SpaceX engine guru Tom Mueller to develop high-mobility spacecraft, announced this week that it will spend $500 million in Series D hiring to hire as many as 200 new employees. The round, led by 137 Ventures and BANNER VC with participation from Founders Fund, Lux Capital and Linse Capital, reflects investor interest in space and defense technology as the U.S. government pours money into national security issues and SpaceX prepares for an IPO. Impulse focuses on mobility in outer space. The company has developed a highly maneuverable platform called Mira, targeted at buyers for…
The United States is said to be considering expanding its nuclear weapons capabilities to more European NATO members. Six NATO members – Britain, Germany, Italy, the Netherlands, Belgium and Turkey – currently form part of the alliance’s nuclear weapons-sharing agreement and have been authorized to host dual-capable US aircraft capable of deploying nuclear missiles. But the group could include more European NATO members, the Financial Times reported, citing three people briefed on the confidential discussions.Analysts say the move will boost the profile of certain defense companies involved in the manufacturing, maintenance and parts supply chain of dual-capable aircraft. BAE Systems,…
1. Written in the StarsOpenAI CEO Sam Altman during a media tour of the Stargate AI Data Center in Abilene, Texas, September 23, 2025.Bloomberg | Bloomberg | Getty ImagesOpenAI CEO Sam Altman acknowledged in an interview with CNBC’s David Faber yesterday that “people are understandably nervous” about artificial intelligence. His comments came on the same day that Florida’s attorney general sued Altman and his company over product safety concerns. But that wasn’t the only AI headline on Monday.I’ll summarize it below.2. Test your patienceU.S. President Donald Trump speaks at a Cabinet meeting in the Cabinet Room of the White House…
Governance has emerged as a key issue as enterprises troubleshoot AI systems. Some companies are taking a two-pronged approach. One model handles incoming queries, and a second model prevents the first model from running into problems. That’s the premise of ZeroDrift, a new AI compliance service that announced a $10 million seed round on Tuesday. (Investors include a16z Speedrun, Reign Ventures, PitchDrive Ventures, U&I Ventures, and more.) The company handles the second part of the system entirely, standing between the AI model and the end user to flag and replace messages that could cause compliance issues. It may seem strange…
Announcement of mega deal between Berkshire Hathaway and top 10 publicly traded homebuilders taylor morrison home This was a surprise to most in the industry. But the consensus is that this makes perfect sense and could provide some optimism for the currently struggling housing market. Berkshire Hathaway agreed Sunday to buy America’s sixth-largest publicly traded construction company in a $6.8 billion deal. The offer represents a 24% premium to the homebuilder’s May 29 closing price and values the company, including debt, at about $8.5 billion.The move comes as the U.S. housing market struggles with rising and volatile mortgage rates, soaring…
Nvidia Corp. Chief Executive Officer Jensen Huang speaks at the Nvidia GTC conference on the sidelines of Computex 2026 in Taipei, Taiwan, Monday, June 1, 2026. Yifei Lin | Bloomberg | Getty ImagesNvidia’s CEO Jensen Huang hailed the chip designer as the next trillion-dollar company, sending the company’s stock soaring in premarket trading on Tuesday. marvel technologyThe semiconductor company, which designs chips for data centers, soared after Huang appeared on stage with Marvell CEO Matthew Murphy at Computex Week in Taipei on Monday to tout the company’s efforts in supplying building AI infrastructure.The stock is up 25% as of 6:05…
Andrew Left, founder of Citron Research, appears in federal court in Los Angeles, California, on Monday, July 7, 2025. Activist short seller Andrew Left is scheduled to appear in federal court on Monday in a securities fraud case that rocked the industry a year ago, with a fight over tipping investors and free speech. Eric Thayer | Bloomberg | Getty ImagesThe Justice Department announced Monday that a U.S. jury has convicted prominent investor Andrew Left of securities fraud, dealing a blow to a divisive group of short sellers who have for years stoked allegations of fraud and mismanagement in publicly…