Wall Street’s most vocal activist investor is officially inviting the public into his portfolio. Billionaire Bill Ackman has filed for a massive, combined U.S. initial public offering of his main hedge fund management company (Pershing Square) and a brand-new investment vehicle (Pershing Square USA). After scrapping a previous attempt in 2024, Ackman is returning to...
The artificial intelligence industry has spent the last few years obsessed with Large Language Models (LLMs) and next-word prediction. But one of the founding fathers of modern AI is officially betting $1 billion that the current path is a dead end. Former Meta Chief AI Scientist Yann LeCun just announced that his new startup, Advanced...
While mega-cap tech mergers dominate the front pages, the most consistent fee pools on Wall Street are found in the middle market. And the talent war to capture them is heating up. JPMorgan (JPM) has officially tapped industry veteran Firdaus Pohowalla as a Managing Director to strengthen its highly lucrative North American mid-cap Mergers &...
After a blistering start to the year, foreign investors tapped the brakes on emerging market (EM) assets last month. But don’t mistake this cooling period for a fundamental retreat—at least, not yet. According to the latest data from the Institute of International Finance (IIF), non-resident investors added a net $21.7 billion to EM portfolios in...
When you need to build the physical backbone of the artificial intelligence revolution, you don’t just dip into petty cash—you issue one of the largest corporate bond offerings in history. Amazon (AMZN) is reportedly targeting a jaw-dropping $37 billion to $42 billion in its latest debt sale. To put this into perspective, the last time...
The artificial intelligence revolution isn’t just about software and GPUs; it requires a colossal physical backbone. To prevent the AI and cloud computing boom from breaking the network, telecom giants are initiating a historic capital expenditure cycle. AT&T (T) just fired a massive shot in the connectivity arms race, announcing a staggering $250 billion U.S....