Guggenheim Funds’ Outflows Surged to $2.4 Billion Last Month

Guggenheim Partners investors pulled $2.4 billion from its four largest mutual funds in September after reports that federal authorities are probing Chief Executive Officer Mark Walter’s business dealings. The redemptions include $1.8 billion from Guggenheim Total...

Andreessen Horowitz Backs Jev Maker at $7.5 Billion Value

TypeSafe AI, the startup behind Jev, a new artificial intelligence model that went viral after it launched only a few weeks ago, has raised about $870 million at a $7.5 billion valuation in a financing led by Andreessen Horowitz. The deal came together just weeks...

AI Bubble Risks Worst S&P 500 Crash Since 2008, Strategist Says

The head of market strategy at a London investment bank has a stark warning for investors: the artificial-intelligence trade may soon be over in what could trigger the most severe market crash since the global financial crisis. Equities have powered to record levels...

Asia on Front Line of Economic Risk If AI Boom Turns to Bust

Asia’s powerhouse economies are more at risk than most from a potential AI bust, which could undercut surging exports and send shockwaves across markets, a new study found. The region is “particularly exposed” because it’s at the center of global supply chains and...