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...AI is a key focus for investment, according to the fund’s management....
...That tops the $20bn it raised for a fund in 2021 and bucks a trend of shrinking fund sizes at large private capital groups as pension funds cut their exposure to unlisted assets....
...Cathie Wood’s Ark Investment Management is launching its first three active exchange traded funds in Europe, courting a new continent of investors after a run of poor performance and outflows in the US....
...X’s backers, who helped fund Musk’s $44bn takeover of the business then known as Twitter, include Oracle boss Larry Ellison, Sequoia Capital, Andreessen Horowitz, Fidelity Management and Saudi prince Alwaleed...
...“You would expect me to say this, but I think we did pay our dues in 2021 and 2022, and now we’re on the other side of that,” Wood, chief executive of Ark Investment Management, told the Financial Times....
...Temasek’s $287bn portfolio includes some of the world’s top tech start-ups, and the fund’s management says AI is a key focus for investment. Here’s what else we know about the Temasek-OpenAI talks....
...The latest funding round includes OpenAI’s start-up fund, Align Ventures and Ark Invest as well as Bezos Expeditions, the family office of Amazon founder Jeff Bezos....
...Hiroshi Lockheimer, head of Android, will be moved to work on other products and is replaced by Sameer Samat, vice-president of product management for Android and Google Play....
...No one worried about OpenAI’s weird management structure and grandiose mission last month; the same may be true by next month....
...And this is really kind of state-level actors at this point, sovereign wealth funds in the Middle East or the Far East....
...And here’s what I’m keeping tabs on today: Economic data: The Institute for Supply Management will release its monthly US manufacturing survey while S&P Global publishes its Mexico manufacturing survey....
...Straight away, the Japanese executive was reassured by OpenAI’s senior management that there had been no wrongdoing on Altman’s part, and Rakuten decided to keep faith in its partnership with OpenAI....
...How Deutsche Bank’s DWS inflated its assets for years Can an asset manager count third parties’ funds in their own assets under management and annual flows?...
...Renamed GV, it now boasts more than 400 companies in its portfolio and has some $8bn in assets under management....
...Digital artworks of frogs vomiting rainbows and other cartoonish imagery have shown up in bitcoin wallets run by ETF providers, including Cathie Wood’s Ark Investment Management and Bitwise Asset Management...
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...The majority of shareholders — including local pension funds and retail holders — would have received Apollo’s price while arb funds got their pay out....
...Money managers at Pimco, JPMorgan Asset Management and T Rowe Price have all increased their exposure to European government debt in recent weeks....
...A judge in Manhattan on Friday declined to issue a temporary restraining order against Millennium Management after Jane Street demanded the hedge fund stop using a secretive international options scheme...
...Liability management draws in Miami crowds The sun was shining, the ocean beckoning....
...ByteDance’s US investors include private equity company General Atlantic as well as Susquehanna International Group, Sequoia Capital and Coatue Management....
AI caramba
...The crackdown factor Startups around the world have been struggling with a funding slowdown, but in Vietnam they are facing an added hurdle: a government crackdown on corruption....
...It “provides a significantly better data point around management’s commitment to deliver cost savings over the next few years”, Erickson added....
...The watchdog catalogued the “repeated scandals and management errors” in the fallen bank’s final few years....
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