Someone’s Trian to buy Janus Henderson. Activist investor Nelson Peltz’s hedge fund company Trian Partners is seeking to buy up the 80% of outstanding shares of Janus Henderson that it doesn’t already control and take the asset manager private. Last week the company, along with venture capital firm General Catalyst, submitted an offer to pay a roughly 12% premium on the shares. It’s unclear if Janus Henderson will accept the offer, though the firm’s board assembled a committee to contemplate the proposal. ...

EARNINGS PREVIEW: Palantir, Robinhood Among Leaders Set To Report Palantir Technologies (PLTR) is suing two former workers that founded software startup Percepta, alleging that they violated noncompetition agreements after leaving the company and worked on a "copycat" business. Palantir stock hit another record high on Friday ahead of its third quarter earnings report. Percepta is owned by venture-capital firm General Catalyst. Palantir, a data-analysis software maker, reports Q3 earnings after the market ...

Group 1 - Palantir Technologies Inc. has filed a lawsuit against two former employees for allegedly engaging in deceit and theft to establish a rival AI firm [1][2] - The lawsuit claims that the defendants violated their non-competition agreements by working on a competing business named Percepta, backed by General Catalyst [2] - Palantir alleges that one of the former employees stole confidential documents and that both had access to critical company assets, which they misused to harm Palantir [3] Group 2 - This lawsuit is part of a broader trend of legal disputes in the tech industry regarding trade secret theft, with notable cases involving other companies like Elon Musk's xAI and Twitter [4][5] - Palantir has positioned itself as a significant player in the AI sector, securing prestigious federal contracts and being recognized by investors as a key asset amid concerns of an AI bubble [5] - The company's stock has experienced substantial growth, surging 158.74% year-to-date, closing at $194.55 [6]

Palantir Technologies has filed a federal lawsuit against two former senior engineers, alleging they used stolen trade secrets to launch a "copycat" AI integration company that directly competes with the data analytics giant's core business. The lawsuit, filed Thursday in Manhattan federal court, seeks to block Radha Jain and Joanna Cohen from continuing a "months-long charade of deception and unfair competition,” as Palantir alleges they violated contractual obligations by building Percepta, an AI transfor ...

Core Insights - Palantir Technologies has filed a lawsuit against two former employees now working at Percepta, a startup focused on integrating AI into various sectors, including government and healthcare [1][2] - The lawsuit claims that the former employees used confidential information and methodologies from Palantir to create a similar product in a short time frame [2][3] - This legal dispute highlights the increasing friction between established tech companies and emerging AI startups aiming to disrupt traditional business models [3] Company Actions - Palantir alleges that the former employees had access to sensitive information, including source code and proprietary customer engagement strategies, which they misappropriated for Percepta [9] - The lawsuit also asserts that the employees violated their noncompete agreements with Palantir [10] Industry Context - The case reflects broader tensions in the tech industry, particularly as established firms like Palantir face competition from agile startups backed by significant venture capital [3][8] - General Catalyst, the venture capital firm behind Percepta, is positioning itself for a potential IPO, indicating a trend of VC firms seeking to capitalize on the growing AI market [8]

Core Viewpoint - Palantir Technologies has filed a lawsuit against two former senior engineers for allegedly using confidential information to establish a competing firm, Percepta AI [1][3]. Group 1: Lawsuit Details - The lawsuit claims that Radha Jain and Joanna Cohen were entrusted with sensitive information, including source code and customer data, and violated their agreements to protect this information [1][4]. - Palantir asserts that Jain and Cohen signed agreements that prohibited them from competing for one year after leaving, soliciting customers or employees for two years, and using confidential information outside of their employment [4]. Group 2: Percepta AI Overview - Percepta AI, which aims to enhance efficiency for businesses and government agencies using existing data, was publicly launched earlier this month and is backed by venture capital firm General Catalyst [2]. - The company has hired at least 10 former Palantir employees shortly after its founding, with nearly half of its workforce being ex-Palantir staff, including co-founder and CEO Hirsh Jain [3].

Group 1 - General Catalyst's acquisition of Summa Health is notable as it marks the first instance of a venture capital firm fully owning a health system, allowing for experimentation in hospital operations without cash shortfall risks [3][5] - Summa Health serves around 1 million patients annually through various facilities, including two acute care hospitals and a health insurance arm called SummaCare [4] - Prior to the acquisition, Summa Health faced financial difficulties, reporting poor operating returns and high long-term debt levels [5] Group 2 - General Catalyst has committed to invest millions beyond the purchase price, including $15 million for community health, $350 million for technology investments, and $200 million for strategic transformation projects, aimed at enhancing Summa Health's viability [5] - The acquisition process took approximately two years due to increased scrutiny over the transition of nonprofit health systems to for-profit entities, which studies suggest can lead to declines in care quality and rising prices [6] - Summa Health's CEO, Dr. Cliff Deveny, will step down at the end of the year, transitioning to a CEO emeritus role, with Daryl Tol serving as interim CEO during the executive search [7]

Startup Substrate is aiming to rebuild US dominance in chipmaking with technology it says can rival ASML. The $1 billion startup has backing from investors including Founders Fund and General Catalyst and has spoken to members of the Trump administration about its plans. Substrate CEO James Proud joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech." ...

本轮融资由全球知名风投机构Felicis领投，Benchmark、General Catalyst两大老牌投资机构持续跟投，同 时迎来新投资方Robinhood Ventures的战略入局，形成覆盖早期、成长期投资的多元化资本矩阵。值得 关注的是，领投方Felicis在AI领域布局深远，此前曾成功投资 OpenAI早期轮次、AI医疗企业PathAI等 明星项目，其创始人Aydin Senkut在此次融资后公开表示："Mercor解决了AI产业发展的核心痛点——高 技能人才供给与模型训练需求的错配，这一赛道的价值将随着AI模型复杂度提升持续放大。" 作为跟投方的Benchmark与General Catalyst，均是Mercor的长期支持者，从公司2022年业务转型初期便 持续加注。General Catalyst合伙人Katie Haun指出："我们见证了Mercor从传统招聘公司向AI人才服务平 台的蜕变，其构建的'人才网络+匹配系统'模式，已成为大型科技公司训练大模型时的核心基础设施， 这种'to B服务赋能AI产业'的逻辑具备长期护城河。"而新入局的Robinhood Ventures，此次突破其传统 ...

Core Viewpoint - Trian Fund Management and General Catalyst have proposed to acquire Janus Henderson for approximately $7.2 billion, advocating for the company to transition to a private entity to enhance its long-term investment capabilities [2][3]. Group 1: Acquisition Proposal - Trian Fund Management, which already holds a 20.4% stake in Janus Henderson, has made an offer to acquire the asset manager at a valuation of around $7.2 billion [2]. - Janus Henderson, managing $457 billion in assets, plans to form a committee to evaluate the acquisition proposal [2]. Group 2: Company Performance and Strategy - Janus Henderson has experienced inconsistent performance since its formation in 2017, resulting in client losses and a significant drop in share value, particularly after the announcement of global tariffs by the US government [3]. - Trian and General Catalyst argue that taking Janus Henderson private would mitigate risks associated with capital market and geopolitical factors, allowing for more effective long-term investments in products and technology [3][6]. Group 3: Market Reaction - Following the acquisition proposal, Janus Henderson's shares increased by 11.3% to a record $46.35, surpassing Peltz's offer price by 35 cents [6]. - Prior to this surge, the company's shares had declined approximately 2.5% year-to-date [6]. Group 4: Industry Trends - The proposed acquisition aligns with a broader trend of companies opting to remain private or go private, as evidenced by a rise in the median age of companies going public from 6.9 years in 2014 to 10.7 years in 2024 [4].