Sources: Jeff Bezos' Project Prometheus is raising tens of billions to buy companies hit by AI; it was valued at ~$30B in November 2025 when it raised $6.2B
Project Prometheus in new talks with Abu Dhabi and JPMorgan over vehicle to buy up businesses disrupted by the technology
Economists at Goldman Sachs and JPMorgan report the AI boom contributed “basically zero” to US economic growth in 2025, challenging claims of up to 92% growth
Massive investment in AI contributed “basically zero” to U.S. economic growth last year, Goldman Sachs has calculated.
Naveen Mallela, JPMorgan's global co-head of blockchain unit Kinexys, leaves after 11 years at the bank; Kinexys handled $5B transactions per day as of December
The global co-head of JPMorgan Chase & Co.'s blockchain division has left after more than a decade at the bank, as it steps up an expansion in digital-asset payments.LinkedIn:Naveen MallelaLinkedIn:Na...
Sources: Chinese chip designer Montage, a Shanghai-listed company valued at ~$22B, plans a Hong Kong IPO that could raise $900M+, backed by Alibaba and JPMorgan
Chinese chip designer Montage Technology Co. is set to enlist Alibaba Group Holding Ltd. and JPMorgan Asset Management among …
Apple says JPMorgan will issue Apple Card, replacing Goldman, with an expected two-year transition; sources: Goldman is offloading ~$20B in outstanding balances
Goldman Sachs is offloading the credit-card balances at a more than $1 billion discount — JPMorgan Chase has reached a deal …
Memo: JPMorgan's asset management unit cuts ties with proxy advisory firms to use its AI-powered Proxy IQ platform to assist on US votes, an industry first
Bank's asset and wealth-management unit will use in-house, AI-powered platform to cast shareholder votes
Sources: Discord files confidentially for a US IPO, working with Goldman and JPMorgan; Discord was valued at ~$15B in 2021, and rejected a $12B Microsoft offer
Discord Inc. filed confidentially for an initial public offering, according to people familiar with the matter …
Banking tech vendor SitusAMC says it suffered a November 12 hack that could expose sensitive customer data; sources say JPMorgan, Citi, and others are impacted
On November 12, 2025, SitusAMC ("we" or the “Company") became aware of an incident … Connor Jones / The Register : Intrusion at real estate finance biz sparks concern for big banks Eric Geller / Cyber...
Sources: Consensys, maker of crypto wallet MetaMask, plans to go public, with JPMorgan and Goldman Sachs leading its IPO; Consensys was valued at $7B in 2022
Lucinda Shen / Axios :
Sources: JPMorgan plans to allow institutional clients globally to use their holdings of bitcoin and ether as collateral for loans by end of year
JPMorgan Chase & Co. plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end …