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Google and Microsoft-backed AI firm AlphaSense raises $150M at $2.5B valuation
28.9.2023
AlphaSense’s client list now includes most of the S&P 500 and nearly every firm listed in the Dow 50
Apple and Goldman Sachs Considered Stock-Trading Feature for iPhones Until Market Downturn – Was Crypto Included?
21.9.2023
In the midst of the stock market frenzy that gripped the world in 2020, Apple and Goldman Sachs were quietly collaborating on a groundbreaking investing feature, insiders revealed.
This undisclosed project, aimed at allowing consumers to buy and sell stocks through Apple's ecosystem,...
Apple, Goldman Sachs drop plans for trading app: Report
20.9.2023
Initial plans called for a 2022 rollout, but economic conditions caused the project to be reportedly shelved last year
The Tokenization of Assets is Underway
14.9.2023
Today in Crypto for Advisors, Peter Gaffney from Security Token Advisors provides an overview of the current tokenization landscape, one that’s forecasted to reach $16 Trillion by just 2030
Goldman Sachs dismisses AI bubble, predicts upcoming revolution
14.9.2023
According to Goldman Sachs, the current period is the early phases of a new technology cycle, which is poised to deliver additional strong performance
Borderlands Dev Gearbox Might Be Getting Sold Off Soon
11.9.2023
Gearbox Software, the studio most well-known for the Borderlands franchise, is reportedly up for sale as parent company Embracer Group considers options to “shore up its finances,” according to a September 11 Reuters report.Read more
6 Questions for Kei Oda: From Goldman Sachs to cryptocurrency
11.9.2023
Kei Oda spent 16 years trading bonds for Goldman Sachs — a life that eventually bored him. That was when he turned to cryptocurrency
Consensus Pause: Majority of Economists Predict No Rate Hikes for 2023, With Cuts Delayed Until March 2024
20.8.2023
A newly published Reuters poll reveals that most economists concur: the U.S. Federal Reserve has likely capped its rate hikes. Yet, rate cuts aren’t anticipated until March 2024. This survey drops just as markets approach the annual Jackson Hole Economic Symposium scheduled for next week. All eyes...
Bitgo Secures $100 Million in Series C, Firm’s Valuation Climbs to $1.75 Billion
16.8.2023
The digital asset trust firm Bitgo, headquartered in Palo Alto, California, has secured $100 million in a Series C funding round. While the company remains tight-lipped about the participants in this financial endeavor, this fresh infusion of capital catapults the firm’s post-valuation...
Goldman Sachs Expects Fed to Start Cutting Interest Rates in Q2 Next Year
15.8.2023
Goldman Sachs has predicted that the Federal Reserve will start cutting interest rates in the second quarter of next year. The global investment bank’s economists also expect the Fed officials to forego hiking rates at their upcoming meeting. “We are penciling in 25 basis points of cuts...
Wall Street Divided: Treasury Yields Surge Sparks Intense Debates and Divergent Bets
8.8.2023
In recent weeks, Treasury yields have skyrocketed, igniting a Wall Street dispute over whether the precipitous sell-off is now overextended. A small group of prominent investors are wagering that bond prices will bounce back following the abrupt escalation in rates. Hedge Funds Place Bold Wagers...
AI Investment Could Reach $200B Globally by 2025: Goldman Sachs
3.8.2023
Generative AI has huge economic potential and could boost global labor productivity, the report said
AI boom to beat electricity and PCs, $200B investment by 2025: Goldman Sachs
3.8.2023
Economists from Goldman Sachs predict that AI investment could account for up to 4% of GDP in the United States by 2025
Study: Generative AI Could Add Trillions to Global Economy
31.7.2023
A new report by McKinsey & Company suggests generative artificial intelligence (AI) technologies could boost global economic output by trillions of dollars annually. The study, titled “The Economic Potential of Generative AI” and published June 14, 2023, analyzes the impact AI tools...
India Poised to Leapfrog Major Economies, Becoming World’s Second-Largest by 2075, Goldman Sachs Report Predicts
11.7.2023
In a recent report, Goldman Sachs Research details that India is set to outpace Japan, Germany, and the U.S. to become the world’s second-largest economy by 2075. The financial institution’s researchers predict a dramatic expansion in India’s gross domestic product. Economic...
Goldman Sachs: Bitcoin, Ether Supply on Exchanges Fell in June – Bull Market Back?
5.7.2023
Exchange balances of Bitcoin (BTC) and Ether (ETH) fell significantly in June as more crypto holders chose to take self-custody, a report by investment bank Goldman Sachs has said.
Analyzing on-chain data, the Goldman Sachs report said it is likely that many crypto investors have moved their...
Bitcoin, Ether Supply on Exchanges Fell in June: Goldman Sachs
4.7.2023
Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said
Former Goldman Sachs Executive Craig Broderick Joins Stablecoin-Issuer Circle's Board
30.6.2023
The former Goldman Sachs executive Craig Broderick has joined the Board of Directors of Circle Internet Financial, the issuer of the USDC stablecoin.
Broderick served as the chief risk officer at Goldman Sachs for over three decades.
During his tenure at the investment bank, Broderick also...
Change the Code Blasts Wall Street for Propping Up Bitcoin Initiatives
30.6.2023
Change The Code, a Greenpeace-backed initiative that seeks to change Bitcoin’s consensus algorithm, has blasted Wall Street companies for the support they are showing to Bitcoin-related activities. On social media, it has called out companies like Fidelity, Blackrock, JPMorgan, and Goldman...
Turkish Lira Plunges to Record Low a Day After Central Bank’s Interest Rate Policy U-Turn
25.6.2023
The Turkish lira fell to 25.74 per dollar just under a day after the central bank hiked interest rates for the first time since 2021. Although the rate hike decision was widely anticipated, the increase still fell short of the 21% that some analysts had predicted. Turkish Lira Down 21% Since...