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@business reported that Royal Bank of Canada is growing its credit derivatives operations on two continents. The bank links the move to expected hedging demand from large-scale artificial intelligence investments.
crowdfundinsider.comRoyal Bank of Canada is expanding its credit derivatives trading business in the United States and Europe. @business reported the move as a direct response to multibillion-dollar fundraising rounds for artificial intelligence projects. The bank expects those investments to increase demand for hedging products that manage credit risk.
The expansion covers both markets without specified timelines or staffing details in the report. No other operational changes or financial targets were included in the account.
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globalnews.caTwenty-two member states pledged 30 to 35 gigawatts of new capacity by 2028 under the bloc's first tripartite deal. The European Commission will oversee annual progress tracking through 2028 as part of the Affordable Energy Plan.
zerohedge.comApple sued OpenAI and two former employees on July 10 in federal court in California. The complaint claims misappropriation of confidential engineering data and product details.
Anthropic named Ben Bernanke to its independent Long-Term Benefit Trust on Thursday. The former Federal Reserve chairman joins three existing members on the governance body that advises the company and selects its board.