Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The billionaire duo of Thomas Tull and Mark Walter are preparing to make large acquisitions and seed new investments in artificial intelligence across the financial services, sports and defence sectors after launching an effort to raise $15bn from investors, including Mubadala Capital. Tull, the former owner of movie studio Legendary Entertainment and a large investor in defence start-ups, told the Financial Times in an interview that he and Walter, chief executive of Guggenheim Partners, were on the prowl for acquisitions after combining their $40bn in personal investments to create a holding company and raise billions more in outside capital. \u201cGlobally, there are going to be really interesting opportunities, whether it\u2019s to acquire companies, whether it\u2019s to invest in new technologies and get behind things,\u201d Tull said.Tull and Walter in recent years combined their personal assets, which span stakes in financial services giant Guggenheim investments, sports teams Chelsea FC and the Los Angeles Dodgers and bets on fast-growing start-ups in industries such as defence and cyber security, under one holding company called TWG Global.The pair are using AI to identify acquisition opportunities and operational improvements.\u201cThe idea was to have artificial intelligence drive everything we do\u2009.\u2009.\u2009.\u2009We would put a team together and we would weigh and measure everything,\u201d Tull said. TWG is close to finalising its $15bn equity fundraise and had \u201cno shortage\u201d of commitments, according to Tull. They include a $10bn preferred equity investment syndicated by Mubadala Capital, with TWG taking a 5 per cent stake in the Abu Dhabi investment manager.Among TWG\u2019s first big bets is a partnership with Elon Musk\u2019s xAI and data intelligence company Palantir to launch an AI platform for banks and insurers to collate and analyse huge volumes of financial data, according to people briefed on the matter.The collaboration means xAI\u2019s model, Grok, could soon be used by financial institutions to process so-called unstructured data \u2014 information from sources that is hard to process, such as images, PDFs and audio recordings, but that make up the vast majority of data within financial institutions.TWG has already deployed the financial data platform inside Guggenheim and its insurance business, Group 1001, according to TWG executives. The product will leverage Palantir\u2019s software platforms for data analytics and xAI\u2019s reasoning models and vast access to computing power. The venture will be announced later on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The billionaire duo of Thomas Tull and Mark Walter are preparing to make large acquisitions and seed new investments in artificial intelligence across the financial services,<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-303076","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/303076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=303076"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/303076\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=303076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=303076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=303076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}