Search results for sovereign wealth fund
AI & Enterprise
BlackRock CEO says U.S. needs trillions to maintain AI leadership; deposits, pensions may be tapped
The expansion of U.S. artificial intelligence infrastructure will require trillions of dollars in funding, and the pool of money could extend to ordinary Americans’ bank deposits and pension assets, a report said. BlackRock CEO Larry Fink said maintaining U.S. AI leadership requires sustained investment in R&D, data centres, power grids, semiconductors, telecoms cables and talent. Wall Street firms are also backing larger AI infrastructure spending.
Crypto
Harvard cuts IBIT stake by 43 percent and exits ethereum spot ETF
Harvard University\'s endowment cut its holding of BlackRock\'s spot bitcoin ETF, iShares Bitcoin Trust (IBIT), by about 43 percent in the first quarter and sold its entire position in BlackRock\'s spot ethereum ETF, ETHA, according to SEC 13F filings cited by BeInCrypto. Harvard held 3,044,612 IBIT shares valued at about $117 million as of March 31. The endowment also sold a roughly $86.8 million stake in ETHA.
Industry
President Lee Jae-myung urges turning crisis into opportunity, stresses sovereign wealth fund and manufacturing sovereignty
South Korean President Lee Jae-myung said a supply chain crisis triggered by the Middle East war should be used as an opportunity for industrial restructuring and stressed the creation of a Korean-style sovereign wealth fund. He warned that the global trade order is at a major turning point as free trade retreats and geopolitical risks deepen. Lee also urged government-led demand creation through public procurement and protection of advanced technology and talent.
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Crypto
Bitwise CIO says bitcoin could hit $1 million if it takes 15 percent of store-of-value market
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Industry
Chinese EV makers move beyond cheap cars as western rivals stay in losses
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Mobility
Kakao Mobility to export parking solution to Saudi Diriyah
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AI & Enterprise
Anthropic accelerates enterprise AI push with business-focused pricing
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AI & Enterprise
Grafana Labs pursues new funding on open-source observability bet
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AI & Enterprise
Anthropic raises $30 billion at $380 billion valuation
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AI & Enterprise
Positron raises $230 million to challenge Nvidia AI chips
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AI & Enterprise
Anthropic raises target for new funding round to $20 billion
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AI & Enterprise
OpenAI seeks $50 billion investment round, talks with Middle East sovereign wealth funds
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AI & Enterprise
Anthropic nears $10 billion fundraising at $350 billion valuation