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.
Plans for a hand-held PlayStation device show the game isn’t really about selling units anymore, it’s about hoarding consumers’ attention.
Gavin Newsom said the Golden State “will intervene” and provide rebates to residents on its own if the tax credit goes the way of the Fisker.
A patent for AI chip architecture from Meta could make model development more robust as it builds AI tools for businesses.