2024

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OpenAI acquired Chat.com

TechCrunch: M&A

OpenAI bought Chat.com, adding to its collection of high-profile domain names. As of this morning, Chat.com now redirects to OpenAI’s AI-powered chatbot, ChatGPT. An OpenAI spokesperson confirmed the acquisition via email. Chat.com is one of the older domains on the web, having been registered in September 1996. Last year, it was reported that HubSpot co-founder […] © 2024 TechCrunch.

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In Proposing Move From Delaware To Nevada, This Corporation Cites The Burden Of MFW

JD Supra: Mergers

Earlier this week, The Trade Desk, Inc. filed preliminary proxy materials for a special meeting of stockholders. The purpose of the meeting is to approve the reincorporation of the corporation from the State of Delaware to the State of Nevada by conversion. This particular proxy statement caught my eye because it specifically calls out several Delaware court decisions.

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The Onion Buys Alex Jones’s Infowars Out of Bankruptcy

The New York Times: Mergers, Acquisitions and Dive

The satirical news site planned to turn Infowars into a parody of itself, mocking “weird internet personalities” who peddle conspiracy theories and health supplements.

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Three Mile Island restart could mark a turning point for nuclear energy as Big Tech influence on power industry grows

CNBC: Investing

The fortunes of the nuclear industry have shifted dramatically this year as tech companies seek carbon-free power to meet the electricity consumption of AI.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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German bank shares slide, DAX underperforms

Global Banking & Finance

LONDON (Reuters) – German bank shares were among the worst performing European equities on Tuesday, as a selloff in U.S. lenders following downbeat comments from the boss of Goldman Sachs rippled through European markets. Deutsche Bank shares closed down 4.9%.

Banking 143

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Best part of a trillion dollars pumped into settlement penalties and resolution measures over past decade, finds research

The TRADE

Over the past ten years the industry has poured $914.7 billion in the form of regulatory penalties and resolution measures, new research has found. A report by Firebrand Research worked with a range of key market participants, including buy- and sell-side firms and market infrastructures to collate the first-of-its-kind benchmark data on the true cost of settlement inefficiency.

Trading 145
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The banks that loaned Musk $13B to buy Twitter might be having regrets

TechCrunch: M&A

X, the social network formerly known as Twitter, looks like a pretty bad investment right about now. As readers might recall, billionaire Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance the $44 billion acquisition of Twitter, as it was then called. According to the […] © 2024 TechCrunch.

Banking 353
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Canva acquires Leonardo.ai to boost its generative AI efforts

TechCrunch: M&A

Canva has acquired Leonardo.ai, a generative AI content and research startup, as the company looks to broaden the scope of its AI tech stack. The financial terms of the deal weren’t disclosed, but Canva co-founder and chief product officer Cameron Adams said it’s a mix of cash and stock. All of Leonardo.ai’s 120 employees will […] © 2024 TechCrunch.

IT 353
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Nvidia acquires AI workload management startup Run:ai for $700M, sources say

TechCrunch: M&A

Nvidia is acquiring Run:ai, a Tel Aviv-based company that makes it easier for developers and operations teams to manage and optimize their AI hardware infrastructure. Terms of the deal aren’t being disclosed publicly, but two sources close to the matter tell TechCrunch that the price tag was $700 million. CTech reported earlier this morning the […] © 2024 TechCrunch.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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All together now: Post-acquisition compliance program integration

JD Supra: Mergers

The due diligence process is a critical element in a merger and acquisition transaction. Most companies clearly define the steps and rarely skip them. However, the participants in the process vary widely, and ethics and compliance are often overlooked. In a perfect world, the chief ethics and compliance officer and the ethics and compliance team would be part of the deal team early on, consulted in “go or no-go” decisions, and have a seat at the table throughout the process.

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Ron Baron sees Tesla worth $5 trillion in 10 years, says Musk eyeing $30 trillion value one day

CNBC: Investing

The Baron Capital chair and CEO first invested $400 million in Tesla between 2014 and 2016, and he said the early bet has made him $6 billion so far.

Capital 145
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Warren Buffett's Berkshire Hathaway takes a stake in Domino's Pizza

CNBC: Investing

The Omaha-based conglomerate bought more than 1.2 million shares of the pizza chain for a stake worth about $550 million at the end of September.

Shares 144
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Acurx Pharmaceuticals to add up to $1 million in bitcoin for treasury reserve, following MicroStrategy's playbook

CNBC: Investing

The board of Acurx Pharmaceuticals has approved the purchase of up to $1 million in bitcoin to hold as a treasury reserve asset.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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How Intel Got Left Behind in the A.I. Chip Boom

The New York Times: Mergers, Acquisitions and Dive

Intel was for decades Silicon Valley’s dominant chip company. But missed opportunities and poor execution left it on the sidelines in tech’s latest gold rush.

IT 143
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U.S. will be ‘more pro-crypto’ after this election, no matter who wins, says Ripple CEO Garlinghouse

CNBC: Investing

Ripple CEO Brad Garlinghouse is a big cynic on U.S. crypto regulation, but highly optimistic about the post-election environment around the corner.

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Luxury stocks may be a risky China stimulus bet

CNBC: Investing

Chinese consumer spending once powered luxury companies to all-time highs. With sluggish economic growth, the outlook for the sector might not be the same.

Economics 143
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Dominion Energy is discussing small nuclear reactors with other tech companies after Amazon agreement

CNBC: Investing

Tech companies are investing in nuclear power as they hunt for carbon-free, reliable electricity to support artificial intelligence data centers

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Justice Dept. Defends TikTok Law That Forces App’s Sale or Ban

The New York Times: Mergers, Acquisitions and Dive

In its first detailed response to a legal challenge, the agency said TikTok’s proposed changes wouldn’t prevent China from using it to collect U.S. users’ data or spread propaganda.

Sale 142
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Fed Chair Powell Signals Interest Rate Cuts in Jackson Hole Speech

The New York Times: Banking

Jerome H. Powell used a speech in Jackson Hole to signal that the Federal Reserve will begin to cut rates on Sept. 18, and to voice wariness about the job market.

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South Fork Wind offers a glimpse at what's possible as offshore wind power projects struggle to gain traction

CNBC: Investing

The first commercial-scale offshore wind farm in the U.S. is now connected to the grid, but the industry faces an uncertain future, plagued by high costs.

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Substack’s Bet on Politics Newsletters Leads to Subscriber Growth

The New York Times: Mergers, Acquisitions and Dive

The newsletter start-up, which once drew an overture from Elon Musk, is betting on politics content and recruiting stars. But profits remain elusive.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Forced to Change: Tech Giants Bow to Global Onslaught of Rules

The New York Times: Mergers, Acquisitions and Dive

For years, Apple, Google, Meta and others operated unfettered. But new laws and regulations have finally compelled them to make major shifts to their products and businesses.

Business 145
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Bitcoin could soon hit six figures regardless of who wins U.S. election, investors say

CNBC: Investing

Despite the increasingly partisan sentiment in the crypto industry, bitcoin will thrive regardless of who wins the U.S. presidential election in November.

Investors 145
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What Warren Buffett's recent moves say – and don’t say – about today’s market

CNBC: Investing

Can the recent Apple and Bank of America sales, along with Berkshire's ballooning cash position, tell us anything about Buffett's current market views?

Sale 145
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Chobani Yogurt Founder Buys Anchor Brewing Company

The New York Times: Mergers, Acquisitions and Dive

Hamdi Ulukaya called the craft brewer, said to be the country’s oldest, a “grand jewel.” Anchor’s former owner, Sapporo, put it into liquidation last year, citing the effects of the pandemic.

IT 141
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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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Warren Buffett's Berkshire Hathaway hikes its SiriusXM stake to 32% after Liberty deal

CNBC: Investing

Berkshire hiked its bet after Liberty Media completed its deal in early September to combine its tracking stocks with the rest of the entertainment company.

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A Trial Asks: If Grocery Rivals Merge, Do Workers Suffer?

The New York Times: Mergers, Acquisitions and Dive

As Kroger seeks to acquire Albertsons, federal regulators argue that the biggest supermarket combination in history will hurt not only consumers, but workers as well.

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A new ETF uses AI to emulate Warren Buffett's investment style

CNBC: Investing

Intelligent Alpha is in the works to launch an Intelligent Omaha ETF that relies on artificial intelligence to emulate Buffett's investing philosophy.