Multistrategy hedge funds’ returns were muted in August, though managers likely appreciated a quieter month after a turbulent July. Izzy Englander’s Millennium Management was flat in August, a person close to the manager told Business Insider, putting the firm’s 2026 gains at 8.2%. Balyasny lost 0.7% last month, according to a source familiar with the
A little over a year ago, the federal government acquired a stake in Anthropic without paying a penny. The shares were seized from associates of the crypto fraudster Sam Bankman-Fried. From there, they disappeared into a legal black hole. As Anthropic rockets toward what could be the biggest IPO in history, those shares could now
Amazon is turning to third-party sellers to expand one of its fastest shipping options — and asking them to pay up for it. The e-commerce giant is asking some sellers who use Fulfillment by Amazon, or FBA, to submit bids to make their products eligible for “sub-Same Day” delivery, according to an email sent to
Google just released a new AI model this month. Its employees are already testing the next one. Some staff have begun using a preview version of Gemini 3.8 Flash, highlighting the breakneck pace of the AI race as Google pushes out new models just weeks apart to keep up with OpenAI and Anthropic. The new
Nvidia has been in talks to acquire Hugging Face, the popular AI platform for sharing and building with open-source models, in what could be one of the chip giant’s biggest deals yet. The two parties have had acquisition conversations in recent weeks about a deal that would value Hugging Face at more than $13 billion,
Generalist, a robotics startup, is now valued at $3 billion after raising additional capital led by 8VC, according to two people with knowledge of the funding. The fresh capital totals nearly $200 million according to a regulatory filing. That additional capital is an extension of a $400 million Series B led by Radical Ventures that