UBS delivered a stunning 74% profit increase to $2.5 billion in the third quarter, driven by massive client inflows and accelerating Credit Suisse integration. The Swiss banking giant has achieved $10 billion in cost savings and migrated most Swiss client accounts.
Data center startup Crusoe has raised $1.4 billion in an oversubscribed funding round, tripling its valuation to over $10 billion. The massive capital infusion comes as investors pour resources into AI infrastructure amid unprecedented demand for computing power and data center capacity.
Data center startup Crusoe has reportedly secured $1.4 billion in new funding, according to recent reports, more than tripling its valuation to over $10 billion within a single year. Sources indicate this substantial capital raise reflects intensifying investor enthusiasm for artificial intelligence infrastructure projects amid soaring demand for computing resources.
