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Arcmont Asset Management has closed a $2.5bn credit continuation vehicle, inclusive of leverage, led by Ares Credit Secondaries.
The post Ares Secondaries leads $2.5bn continuation fundraise for Arcmont credit assets appeared first on AltAssets Private Equity News.
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Anthropic Model Scare Sparks Urgent Bessent, Powell Warning to Bank CEOs BloombergProject Glasswing: Securing critical software for the AI era AnthropicCommentary: Wipe out a 'civilization'? Minor stuff compared with what just happened in AI Los Angeles TimesClaude Mythos Is Everyone's Problem The AtlanticYou Can't Use This A.I. The New York Times
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Global private equity dealmaking is proving resilient despite ongoing macroeconomic uncertainty, the latest research from PitchBook suggests.
The post Global PE dealmaking shows resilience despite renewed tariff uncertainty, war in Iran appeared first on AltAssets Private Equity News.
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US summons bank bosses over cyber risks from Anthropic's latest AI model The GuardianPowell, Bessent discussed Anthropic's Mythos AI cyber threat with major U.S. banks CNBCAnthropic Has Banks, Regulators Rattled Over AI Cyber Risks. CrowdStrike, Palo Alto Could Benefit. Barron'sCommentary: Wipe out a 'civilization'? Minor stuff compared with what just happened in AI Los Angeles Times
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Fragile U.S.-Iran ceasefire in focus; CPI ahead - what's moving markets Investing.comS&P 500 futures tick higher Friday with benchmark wrapping up big week from fragile Iran ceasefire: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq futures stall in cautious wait for inflation print, Iran peace talks Yahoo FinanceStock Market Today: Dow Wavers Ahead Of CPI Inflation Data; Nvidia Chipmaker TSMC Jumps (Live Co
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Percheron Capital, the services-focused private equity firm launched by a pair of Golden Gate Capital veterans, has reached a $3.1bn hard cap close for its third fund.
The post Percheron Capital pulls in $3.1bn for hard cap Fund III close, double its Fund II total appeared first on AltAssets Private Equity News.
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Bankers say companies are braving higher oil prices and whipsawing stock prices to seize on the willingness of federal antitrust enforcers to approve mergers.
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OpenAI today unveiled ChatGPT Enterprise, a version of its generative AI service that allows companies to decide how the model is trained and how long it can store corporate data used for that purpose.
The new ChatGPT service also offers increased security and privacy by using encryption for data at rest (AES-256) and in transit (TLS 1.2 ) and Security Assertion Markup Language (SAML) single sign-on for enterprise authentication.
OpenAI also said it has opened up the bandwidth for organzaitons to connect to GPT-4, the large language model (LLM) on which ChatGPT is based and trained on. The company plans to offer "unlimited higher-speed" access to the LLM, and 32k token context windows inputs and follow-ups that are four times longer than previously available. (One token is approximately 4 characters or 0.75 words. As a point of reference, the collected works of Shakespeare are about 900,000 words or 1.2M tokens, according to OpenAI.)
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