Nicolai Tangen, CEO of the world’s largest sovereign wealth fund, has a message for corporate boardrooms: Stop using AI as a layoff machine. In a candid interview from Oslo, the leader of Norway’s $2.2 trillion fund warned that a “cost-out only” approach to AI will trigger a societal revolt and stall the very innovation companies...
The honeymoon phase for AI is over. On Wednesday, the world will get its answer to the most expensive question in tech history: Is the $600 billion AI investment cycle actually paying off? As Alphabet, Microsoft, Meta, and Amazon report results, Wall Street is shifting its focus from “AI potential” to “AI profitability.” 💰 THE...
The Indian IPO engine is firing on all cylinders. Virtusa Corp, the global IT services powerhouse owned by Swedish private equity giant EQT, is reportedly preparing for a blockbuster India listing. With a target valuation of $7 billion+, this would mark the largest tech IPO in India so far in 2026. 💰 THE METRICS (The...
India’s financial landscape is preparing for its most anticipated public debut in a decade. The National Stock Exchange of India (NSE), the world’s most active derivatives hub, is moving toward a massive $2.75 billion IPO. With a total valuation estimated at $55 billion, this listing represents a definitive coming-of-age moment for the Indian equity market....
The Indian fintech landscape is shifting gears. Peak XV Partners (formerly Sequoia India) has officially completed its exit from One MobiKwik Systems via a 1.30 billion rupee ($13.8 million) block deal. This “institutional hand-off” comes at a pivotal moment, just as MobiKwik gains the regulatory power to transform into a full-scale digital lender. 💰 THE...
In a stunning reversal for the hedge fund industry, Jain Global is ending its journey as an independent firm. Bobby Jain—one of the most high-profile launches in recent history—will return all capital to external investors and pivot to managing money exclusively for his former employer, Millennium Management. 💰 THE METRICS (The Performance Gap): 🌍 THE...