Norwest plans to raise a $4 billion fund to step up investments in early-stage AI.
28 minutes ago
According to Bloomberg, Norwest, an investment firm backed by Wells Fargo, is targeting to raise $4 billion for its latest fund, with a focus on early-stage artificial intelligence (AI) startups, as well as other sectors commonly overlooked by market investors. The company is set to officially announce the news on Thursday. Founded 65 years ago, Norwest has previously invested in prominent companies including Uber Technologies and Spotify Technology. The firm currently manages $18 billion in assets, including the newly raised capital. This marks the 18th fund in Norwest’s history, a substantial increase from the $3 billion it raised in 2024.
The probability of no change in Nvidia’s CEO position has risen to 29%, surpassing two internal candidates to temporarily take the top spot.
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Binance Wallet’s on-chain smart money signals now support automated trading via Agentic Wallet.
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Google’s Antigravity enables browser control: AI can autonomously open web pages, test code, and perform parallel multi-tasking.
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Royal Bank of Canada cuts Nvidia's price target from $330 to $230
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Citi consecutively cuts Nvidia's price target to $225.
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