Browsing: Fidelity

Fidelity, which has been investing in private companies for many years, has been one of Anthropic’s biggest asset manager backers and remains so as the artificial intelligence company prepares for its historic initial public offering this month.

Fidelity Investments has now paid twice for the same mistake. An August 2024 breach that exposed sensitive records tied to roughly 155,000 customers and related individuals has produced a $2.5 million class-action settlement and a separate $1.25 million penalty from a Massachusetts regulator, for a combined $3.75 million bill on a single incident. The class-action…