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Nvidia Is Taking On Intel and AMD With AI Chip for Computers

Nvidia Corp. is entering the PC market with a new chip aimed at loosening the stranglehold of Intel Corp. technology in that arena and modernizing the machines for the AI era.

By Ian King and Vlad Savov

Strategy Sells $2.5 Million of Bitcoin, Breaking Playbook

Weeks after Michael Saylor opened the door to selling Bitcoin, Strategy Inc. disposed of about $2.5 million of the cryptocurrency, a symbolic break from the maximalist playbook that helped make the company one of the market’s largest buyers and the token’s biggest corporate holder.

Porsche Can’t Escape Lawsuit From Defunct Auto Tech Startup

Porsche AG’s venture capital arm can’t avoid a lawsuit claiming it interfered with a tech startup’s ability to secure additional outside funding in two financing rounds, causing the startup to shut down.

M&A Lawyer Pleads Not Guilty to Leading Insider-Trading Ring

A former mergers and acquisitions lawyer with top firms including Latham & Watkins and Goodwin Procter pleaded not guilty to charges that he led a massive insider trading ring that made tens of millions of dollars in illegal profits.

For Goldman’s Top Bankers, It’s All AI Data Centers All the Time

For leveraged finance practitioners, artificial intelligence is the only game in town — especially in the absence of more debt deals to finance mergers and acquisitions.

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Matt Levine’s Money Stuff: The SpaceX Squeeze

Matt Levine discusses index demand, Universal and Pershing, and the opposing brief filed in the case where someone is trying to claim inactive blockchain accounts as their ‘found’ property.

Former Epstein Banker Paul Morris Departs BofA’s Merrill Unit

Paul V. Morris, a private banker who worked with Jeffrey Epstein at two of the world’s largest banks, left his position as a wealth adviser at Bank of America Corp., according to a company spokesperson.

TPG Narrows Endo Trust Fight Over $8 Billion Par Pharma Sale

Private equity giant TPG Capital LP escaped some, but not all, claims brought by Endo International Plc’s unsecured creditors for allegedly profiteering from the $8 billion sale of Par Pharmaceutical Holdings Inc.

Illinois Passes $56 Billion Budget as Bears Deal Stalled

Illinois legislators early Monday morning passed a nearly $56 billion budget for the fiscal year starting July 1, aiming to ease higher health-care and housing costs while bracing for potential federal funding cuts.