3 sourced reports attached to this file.
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Technology / Artificial Intelligence
A newly formed special purpose vehicle will buy Broadcom XPU accelerators and networking gear with committed financing from four major firms and lease the capacity to Anthropic, with Broadcom backstopping the senior debt's value.
Earnings / Banks
Net revenues rose 11.6% to $20.3 billion from a year earlier, while return on tangible common equity of 22.6% was below the 23.5% of a year earlier and the 26.6% of the prior quarter; Wealth Management revenue hit a record $9.1 billion.
Companies
Morgan Stanley and Evercore helped shape the ChatGPT Work offering for investment banking and equity research; OpenAI is selling access through its account teams.
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