Trump admin announces $20 billion reinsurance program for oil tankers during Iran war
Tanker traffic through the Strait of Hormuz remains at a standstill as the Iran war engulfs the region. Image: Andrew Neel / Pexels Source: CNBC
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Anduril aims at $60 billion valuation in new funding round
The funding round would come less than a year after Anduril’s Series G, which closed in June with $2.5 billion against a $30 billion valuation. Image: RDNE Stock project / Pexels Source: TechCrunch
Jamie Dimon says Trump’s $5 billion debanking lawsuit ‘has no merit’ but he’s sympathetic to concerns
The suit against JPMorgan, the world’s biggest bank by market cap, and its CEO puts Dimon in an awkward position. Image: Hayan / Pexels Source: CNBC
OpenAI raises $110B in one of the largest private funding rounds in history
The new funding consists of a $50 billion investment from Amazon as well as $30 billion each from Nvidia and SoftBank, against a $730 billion valuation. Image: Zac Wolff / Unsplash Source: TechCrunch
Thrive Capital invested about $1 billion in OpenAI at a $285 billion valuation, source says
The investment was separate from the $100 billion funding round that OpenAI is finalizing, according to a source. Image: Kostiantyn Li / Unsplash Source: CNBC
JPMorgan Warns Up to $150 Billion of Loans in CLOs Face AI Risk
Anywhere from $40 billion to $150 billion of leveraged loans packaged into US collateralized loan obligations could be disrupted by the artificial intelligence boom, according to JPMorgan Chase & Co. Image: Action Construction Equipment Ltd. – ACE / Pexels Source: Bloomberg
AI Fears Set to Raise Cost of Private Loan for Insurance Broker
Private credit lenders to a German insurance broker are pushing for a higher margin on a €1.2 billion ($1.4 billion) loan due to fears of the risks AI poses to the sector. Image: www.kaboompics.com / Pexels Source: Bloomberg
Netflix isn’t buying Warner Bros: All of the latest updates
Just months after Netflix struck a deal to acquire the Warner Bros. studio, HBO, HBO Max, and Warner Games, the streaming giant has backed out of the arrangement, declining to raise its offer beyond Paramount’s “best and final” bid. Image: Thibault Penin / Unsplash It’s just the latest twist in the acquisition saga, which started…
Barclays, Atlas Among Firms Exposed to Failed UK Lender MFS
Barclays Plc and Atlas SP Partners are among Wall Street firms that helped arrange more than £2 billion ($2.7 billion) of loans to a UK mortgage-finance company that has unraveled amid allegations of financial irregularities. Image: John / Pexels Source: Bloomberg
Nvidia is in talks to invest up to $30 billion in OpenAI, source says
The investment is separate from the $100 billion infrastructure agreement that OpenAI and Nvidia announced in September. Image: Mariia Shalabaieva / Unsplash Source: CNBC