!“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Sam Altman says the Hugging Face hack was a stark reminder of why concentrating AI power in the hands of a few people or companies is a bad idea. In a Monday appearance on Y Combinator’s podcast, Altman told YC CEO Garry Tan that anyone who was not a little scared of or humbled by…
The Reserve Bank of India (RBI) has proposed a revised framework governing how commercial banks must set aside capital against the risk of losses on their derivative trades, replacing rules that have been in place since 2011. The draft framework will apply to all commercial banks, excluding small finance banks, payments banks…
OpenAI confidentially filed IPO papers with the SEC yesterday, setting the stage for yet another massive tech company float later in the year. You can read OpenAI’s statement here. It’s very short. Here is the entire thing, verbatim: “We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it. We…
There is so much smoke around a deal but the key part is: What’s in the deal? The one big red flag I see so far is that Israel says it’s not withdrawing from anywhere. In any case, oil is down further and the S&P 500 is ripping higher, up 1.3% to 7701, a fresh…
The Los Angeles Lakers have new owners again. The team announced Wednesday that it has been sold to former Disney CEO Bob Iger and billionaire investor Josh Kushner for a record-breaking $12.5 billion. The sale comes less than a year after American businessman Mark Walter purchased the franchise. Walter’s $10 billion acquisition of the team…
FINRA-registered brokerages’ gangbusters 2025 pushed up the industry’s pretax profits by more than one-third last year. Processing Content While the figures exclude wealth management firms without brokerage arms and include some companies that are broker-dealers but not wealth management firms, FINRA’s “2026 Industry Snapshot,” released last month, revealed important statistics for financial advisors. The six…