empire

Blackstone's $69bn REIT stifles takeovers in blow to real estate empire

Blackstone’s $69bn REIT stifles takeovers in blow to real estate empire

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NEW YORK, Dec 1 (Reuters) – Blackstone Inc (BX.N) on Thursday limited withdrawals from its $69 billion unlisted real estate income trust (REIT) after a spike in redemption requests, an unprecedented blow to a franchise that helped it become an asset management giant. The brakes came because redemptions hit pre-set limits, rather than Blackstone setting …

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How the Collapse of Sam Bankman-Fried's Crypto Empire Disrupted AI

How the Collapse of Sam Bankman-Fried’s Crypto Empire Disrupted AI

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SAN FRANCISCO — In April, a San Francisco artificial intelligence lab called Anthropic raised $580 million for research into “AI security.” Few people in Silicon Valley had heard of the year-long lab, which builds AI systems that generate language. But the amount of money promised to the small company dwarfed what venture capitalists were pouring …

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