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Vanguard has already signed an agreement with the FDIC while BlackRock is reportedly pushing to delay until the Trump administration takes over later this month. Read More
Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5 billion. Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a $200 million revolving line of … Read more
Robinhood has agreed to fork out $45 million to settle an investigation by the Securities and Exchange Commission over several alleged violations, reported the Wall Street Journal on Monday. The settlement is being made via two of Robinhood’s brokerage units. One of the violations relates to Robinhood’s November 2021 confirmation that it was hacked “with … Read more
Financial services firm Moody’s announced on Monday that it has agreed to acquire Cape Analytics, a geospatial AI startup, for an undisclosed sum. The deal, which is expected to close in Q1, subject to customary closing conditions, will give Moody’s access to Cape’s geospatial AI analytics technology for insurance underwriting. With the tech, Moody’s plans … Read more
Anthropic has reached a settlement and agreed to put a stop to showing users music lyrics based on copyrighted songs from several music publishers. Back in 2023, the AI company was sued by Universal Music Group, Concord Music Group, and others after it was found that its Claude chatbot would return lyrics to songs like … Read more
Each consumer could receive up to $20 per Siri-equipped device covered by the settlement. Read More
Here’s a heartwarming story that should bring you joy this holiday season: the worst people you know are all fighting. The MAGA v. Tech Right feud that kicked off over Christmas, spurred by a divide on allowing skilled immigrant workers to come stateside, was escalated by Elon Musk on Thursday. Trump’s “first buddy” declared far-right … Read more
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