Business & Finance
The SEC has subpoenaed Goldman Sachs, JPMorgan, Citigroup, and Bank of America for information about their dealings with AI hedge fund Situational Awareness, which lost roughly $35 billion in assets during July's tech sell-off.
Sara Montes de Oca · 25 DAYS AGO
Business & Finance
Bridgewater Associates founder Ray Dalio said Treasury Secretary Scott Bessent's debt buyback announcement signals a looming fiscal crisis, recommending investors hold 10%–15% in gold and a portion in bitcoin as U.S. debt surpasses $40 trillion.
TechEchelon Staff · 29 DAYS AGO
Artificial Intelligence
A Goldman Sachs report finds AI is already depressing hiring in call centers, software publishing, management consulting, and advertising, with entry-level workers bearing the heaviest burden across major developed economies.
Jay Goldberg · 31 DAYS AGO
Business & Finance
Nvidia has partnered with Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs, and KKR on a $500 billion financing push aimed at treating AI compute infrastructure as a bankable asset class, CEO Jensen Huang said Monday.
Jay Goldberg · 40 DAYS AGO
Business & Finance
Spot gold rose roughly 2.4% and silver climbed about 6.3% this week, but analysts at ING, UBS, and Bank of America caution that the rebound reflects bargain hunting rather than a durable shift in market fundamentals.
TechEchelon Staff · 58 DAYS AGO
Business & Finance
Goldman Sachs has launched a new alternative investments platform combining its existing alternatives business with two new teams focused on direct private-company stakes and secondary trading, targeting wealthy clients seeking pre-IPO access to companies like SpaceX and Stripe.
Marc Sabatini · 60 DAYS AGO