Peter Thiel-Backed AI Startup Cognition Raises Funds at $48 Billion Valuation
Artificial-intelligence coding startup Cognition raised $2 billion in a Series E funding round at a valuation of $48 billion.
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CVC Names TPG's Todd Sisitsky as Co-CEO
The buyout group named TPG executive Todd Sisitsky and company insider Peter Rutland as co-chiefs as it outlined its leadership succession plan.
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Financial Services Roundup: Market Talk
Find insight on Bank of Japan, Public Bank and more in the latest Market Talks covering Financial Services.
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Blackstone's Head of Real Estate Is Leaving the Firm
Nadeem Meghji's departure adds to the list of real-estate executives departing Blackstone over the past three years.
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This NFL Season Is 'Do or Die' for Prediction Markets
As the NFL season opens Wednesday, there's a new game in town. Prediction markets could drive $35 billion in wagers, on par with the traditional sports betting industry.
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Chime to Buy an Oklahoma Community Bank for $590 Million
The deal means that Chime, which was founded in 2012 and has billed itself as a challenger to traditional banks such as JPMorgan Chase, will become a bank itself.
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Block Applies to Establish Builders Bank & Trust
The financial technology company is seeking to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust.
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Robinhood Strikes Deal With Crypto.com in Latest Prediction-Markets Push
The brokerage will add yes-or-no contracts from Crypto.com's prediction business, and take a stake in the digital-currency exchange.
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EverBank to Combine With WaFd to Create $75 Billion Bank
Florida-based EverBank Financial has reached a deal to pursue a reverse merger with the smaller bank in the Pacific Northwest.
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Robinhood Wins a New Role in the Oura IPO: Underwriter
Playing an official part in the IPO process could give Robinhood more influence over the number of shares allocated to its customers.
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Hunter Biden (and His Laptop) Enter the Cryptosphere With New Meme Coin
The personal computer that launched a thousand memes will debut this week as a digital token.
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Beijing to Inject More Than $50 Billion Into Banks, Insurers
The move marks the second round of capital infusion in less than two years and comes as China's growth momentum is sputtering.
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How Billions in Iranian Money Passes Through U.S. Banks
Illicit Iranian funds are flowing through U.S.-dollar clearing accounts, creating an enforcement dilemma for Washington.