JPMorgan Gets Fined in Singapore for Manager Misconduct
JPMorgan Chase relationship managers allegedly misrepresented or withheld key pricing details, causing clients to pay spreads exceeding agreed rates, said the Central Bank of Singapore.
Investing - page 7
SEC Sues Touzi Capital for Misleading Investors
According to the SEC, Touzi Capital stated investor funds would finance crypto mining operations, but they were used for unrelated expenses instead.
Argil Raises $5.2 Million
Argil has closed a seed round supporting its virtual platform powered by artificial intelligence, which helps businesses, educators, and creators to produce videos.
German Government Plans New Chip Subsidies
The German government is currently preparing new investments in the country’s semiconductor industry two months after Intel Corp. shelved intentions related to the construction of a chip manufacturing plant worth 30 billion euros ($32 billion) in Magdeburg.
Amazon S$2B Investments Into Singapore Businesses Creates Over 10,000 Indirect Jobs
Amazon invested over S$2 billion in Singapore in 2023, driving over 10,000 indirect jobs for the market and supporting thousands of local businesses.
Cardless Raises $30 Million
Cardless raised investments worth $30 million as part of the funding round.
Citi Invests in Pylon
One of the largest financial institutions in the United States, Citi, has made a minority investment in the mortgage infrastructure provider Pylon.
Pyramid Analytics Secures $50 Million
Pyramid Analytics, an artificial intelligence business analytics company, announced last Monday, November 25, that it had raised $50 million in new funding from BlackRock, the world’s largest asset manager.
Databricks Reportedly Closes in on Multibillion Funding Round at $55 Billion Valuation
The media reported that Databricks, a San Francisco-based technology company that is one of the most valuable private firms of the corresponding category in the world, raises billions of dollars in cash and so far has not demonstrated any significant desire to go public as quickly as possible.
Boosted.ai Raises $15 Million
Boosted.ai raised $15 million worth of investment funds for its generative artificial intelligence tool for investment managers.
ZA Bank Launches Retail Crypto Services
Hong Kong’s ZA Bank enables retail cryptocurrency trading directly within its app.
Lenovo Adds Klarna’s Flexible Payment Methods in Europe
Global technology company Lenovo offers shoppers in 15 European countries the opportunity to use flexible payment methods from fintech firm Klarna.
Indonesia Reportedly Wants Apple to Increase Investments in Country
Indonesian state media reported that the government of that country currently expects Apple to increase local investment.
Lightning AI Raises $50 Million
The artificial intelligence development platform Lightning AI was able to raise equity investments worth $50 million.
Amazon to Invest Another $4 Billion in Anthropic
Amazon on Friday, November 22, announced that it will invest an additional $4 billion in Anthropic, a startup operating in the space of the artificial intelligence industry.
Elon Musk’s xAI Reportedly Raises $5 Billion
The media reported that Elon Musk’s startup xAI, which operates in the space of the artificial intelligence industry, was able to raise investment funds for $5 billion as part of a financing round.
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