Storm Duncan, founder of Ignatious investment bank, is proposing to exchange $8 million worth of Bay Area real estate, including a $4.8 million home and an 11-acre property, for stock options in AI startup Anthropic. The deal targets Anthropic employees holding large, illiquid share amounts before the company's possible IPO this year. Duncan views this as a diversification move, shifting from real estate exposure to AI, and values Anthropic at around $800 billion. The property has not been publicly listed but has attracted some interest through a LinkedIn listing. Duncan plans to transfer shares after the IPO lockup period and acknowledges the challenge in finding the right seller due to the emotional nature of home purchases.
Backpack has introduced the first-ever 24/7 trading platform for real U.S. equities, allowing international investors to buy and sell stocks like SpaceX, Micron, and SanDisk around the clock. Unlike synthetic derivatives, these are actual equities wi...
BingX, a major crypto exchange, introduced the BingX Visa Debit Card in partnership with Wirex, allowing users to spend digital assets globally through Visa's payment network. The card supports purchases, ATM withdrawals, and automatic currency conve...
Independent proxy advisory firms, including ISS, recommend Equinox Gold shareholders vote in favor of the proposed merger with Orla Mining, which aims to create a leading North American gold producer. The combined company is expected to produce 1.1 m...
The generative AI market in the oil and gas sector is projected to grow from $0.53 billion in 2025 to $1.15 billion by 2030, at a CAGR of 16.9%. Growth is driven by adoption of cloud-based AI for real-time monitoring, predictive maintenance, and dril...
Sigenergy, Australia's leading home battery brand, has introduced a $1,000 discount on its new 9kWh SigenStor battery modules. This discount can be stacked with the Federal Government’s Cheaper Home Batteries Program rebate, potentially allowing hous...
