News

French artificial intelligence company Mistral has raised €3 billion in a new funding round, valuing the company at more than €21 billion as it increases investment in AI model development, computing infrastructure and frontier research. The Mistral Funding Round...

A Swiss industry initiative developing a Swiss franc-denominated stablecoin has moved into controlled live testing, marking a new stage for the Swiss Stablecoin Pilot. Financial market infrastructure operator SIX and digital payment app TWINT joined the project on Tuesday,...

WaFd and EverBank Financial Corp have entered into a definitive agreement for a $3.9 billion reverse merger, a transaction that would create a larger nationwide banking organization with a diversified deposit base and more than 250 financial centers. The...

China's finance ministry will inject a combined $54 billion into state-owned banks and insurers, the institutions confirmed on Sunday, marking a coordinated effort by Beijing to strengthen capital across its financial system. The programme, which extends a financing tool...

Germany's stance toward UniCredit's proposed takeover of Commerzbank appears to be shifting, with Berlin signalling a greater willingness to engage in discussions around the UniCredit Commerzbank Deal. After years of resistance, the German government's evolving posture has drawn attention...

The Nvidia Hugging Face Acquisition represents a major transaction in the AI technology sector, with Nvidia announcing plans to acquire the open source AI platform Hugging Face for $12.9 billion. CEO Jensen Huang confirmed the deal in a blog...

Ask most people whether they are diversified and they will answer by counting. Six funds. Four managers. Two brokerages, three if you include the old employer plan nobody has logged into since 2019. Counting is not measuring. It feels like...