Mubadala Capital, which manages $27 billion in assets, will take a 42% stake in Silver Rock Financial, which manages $10 billion in assets.
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The deal expands Mubadala Capital’s reach in the US while giving CI Financial additional backing after years of snapping up RIAs.
Its recent patent adds to several for cryogenic storage that works in tandem with server farms.
Using fake data is “not a panacea” to the security woes these models face.
Despite the buzz, the promises of this tech may be “underhyped,” one expert said.