Private equity enters its ‘Darwinian’ era as experts warn some funds face extinction
Lower exits, longer holding periods, smaller returns, and tougher fundraising conditions are reshaping the industry, where only the strongest managers will survive.
An Indian company is set to build a $2 billion AI hub with Nvidia’s GPUs and go public. Here’s what we know so far
Yotta Data Services, which controls up to 70% of India’s GPU capacity, said surging demand from local AI startups and global tech firms is tightening supply.
Nintendo plans around $1.9 billion share sale by Kyoto bank and others, sources say: Reuters
The sale is expected to total roughly 300 billion yen ($1.9 billion) and Nintendo could make a decision as soon as Friday, two of the sources said.
CNBC Daily Open: Netflix bows out from Warner Bros. Discovery bidding war
Netflix on Thursday stateside said it declined to raise a counteroffer for Warner Bros. Discovery’s studio and streaming assets.
Dow closes more than 500 points lower after hot inflation report, mounting concerns about AI impact
The S&P 500 and Nasdaq finished in the red for February amid growing fears about the impact of artificial intelligence on the economy.
Asia markets trade mixed after Wall Street pullback on Nvidia slump
Asia-Pacific markets traded mixed Friday, after U.S. stocks declined overnight as Nvidia shares tumbled despite a quarterly earnings beat.
Anthropic CEO Amodei says Pentagon’s threats ‘do not change our position’ on AI
Anthropic said its negotiations with the DOD are still ongoing.
Trump administration faces first big tariff refund court deadline on Friday
Trump’s DOJ has until Friday to decide on moving a tariff refund case to the Court of International Trade, the first deadline since the Supreme Court decision.
Nintendo realized it couldn’t win the console arms race — so it changed the game
Nearly nine years after its release, the Nintendo Switch has become the company’s best-selling console of all time, with more than 155 million units sold. From the Nintendo Entertainment System rescuing a collapsed gaming market in the 1980s, to the Ga…
Block shares soar as much as 24% as company slashes workforce by nearly half
Block said Thursday it’s laying off more than 4,000 employees, or about half of its head count.
