T. Rowe Price Group, Inc. (TROW)

Lightmatter secures $400m funding to advance AI computing

This investment round has quadrupled the company's valuation to $4.4bn and increased its total capital raised to $850m.

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  Photonic startup Lightmatter raises $400 million amid AI datacenter boom, eyes IPO next

  Reuters
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  Lightmatter's $400M round has AI hyperscalers hyped for photonic data centers

  TechCrunch

T. ROWE PRICE ANNOUNCES APPOINTMENT OF BEN RILEY TO HEAD OF INSURANCE

T. Rowe Price, a global investment management firm, announced the elevation of Ben Riley, CFA®, to the newly created role of Head of Insurance, effective January 1, 2025. Riley will oversee a team responsible for insurance clients in North America, while also coordinating T. Rowe Price's global insurance efforts. He will maintain coverage responsibilities for current clients and prospects. Riley will continue to report to Doug Greenstein, Head of Institutional Business Development for Americas,