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LendingClub: Q4 Earnings Snapshot

Jan. 28, 2025 17:09 PM EST

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — LendingClub Corp. (LC) on Tuesday reported fourth-quarter profit of $9.7 million. On a per-share basis, the San Francisco-based company said it had profit of 8 cents. Earnings, adjusted for asset impairment costs, came to 11 cents per...

Upstart Chinese AI company DeepSeek's founder started out as a low-key hedge fund entrepreneur

Jan. 28, 2025 11:35 AM EST

BANGKOK (AP) — The 40-year-old founder of China’s DeepSeek, an AI startup that has startled markets with its capacity to compete with industry leaders like OpenAI, kept a low profile as he built up a hedge fund and then refined its quantitative models to branch into artificial intelligence. ...