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Report: Apple nearing deal with Chase for Apple Card partnership

Apple is nearing a deal with JPMorgan Chase to take over the Apple Card deal currently backed by Goldman Sachs, according to a new report from the Wall Street Journal. The deal comes as Goldman Sachs looks to exit its agreement with Apple after mounting financial losses and a broader rethinking of its consumer finance business. Apple Card backed by Chase? The report says that negotiations between Apple and JPMorgan Chase began early last year, but have “accelerated in recent months.” Apple ha

Goldman Sachs and Citadel back crypto firm Digital Asset in $135 million funding round

Crypto company Digital Asset said Tuesday that it's netted $135 million in funding from a raft of major names in banking and finance. The firm, which touts itself as a regulated crypto player, said it raised the fresh cash in a funding round co-led by DRW and Tradeweb, with Goldman Sachs , BNP Paribas and Ken Griffin's Citadel Securities also investing. The investment highlights how large financial institutions are embedding themselves in the once murky world of cryptocurrencies. Previously a

Goldman Sachs Makes a Huge AI Bet

Goldman Sachs has just launched its generative AI assistant across the entire firm, making it available to all employees in what the bank calls a major milestone in its technology strategy. The move follows more than a year of internal development and testing that involved over 10,000 employees piloting the tool. The GS AI Assistant is a conversational AI interface that allows employees to safely interact with large language models like GPT and Gemini, firewalled within Goldman’s own secure com