Over $30 billion! Microsoft and BlackRock establish an AI infrastructure investment fund with support from NVIDIA.
BlackRock and Microsoft announced that the two companies plan to launch a fund of over $30 billion to invest in artificial intelligence infrastructure, to build data centers and energy projects. Global Infrastructure Partners (GIP) and Abu Dhabi-backed investment firm MGX have also become partners of the fund, with artificial intelligence chip company Nvidia providing expertise support.
JPMorgan and Apple are in deep negotiations and are expected to take over the Apple credit card project from Goldman Sachs.
As Goldman Sachs decides to withdraw from the consumer finance business, Apple needs to find a new bank to take over its credit card project with over 12 million users, which is a huge customer resource for any bank. Currently, Apple is still in negotiations with JPMorgan, and due to the high-risk customers involved in Apple's credit card project, JPMorgan hopes to take over at a more favorable price. The top management of JPMorgan is paying attention to the negotiations with Apple because technology companies like Apple are challenging the traditional role of banks, and banks must consider collaborating with these technology companies.
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What happened to Berkshire Hathaway in the longest consecutive decline in 15 years?
The eight consecutive days of decline indicate that the valuation has been excessively expanded, and the actions of company executives selling stocks also indicate this problem.