Key facts: TCP Capital Valuation Probe; BlackRock Used Microsoft AI
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- DOJ and Manhattan prosecutors are probing valuation of illiquid loans at BlackRock’s TCP Capital after a ~19% NAV drop; TCP market value about $350M and BLK shares fell ~1% after-hours. 1 2
- BlackRock used Microsoft's AI to translate its websites into multiple local languages, citing an AI-driven collaboration for site localization while noting it doesn’t rely on a single vendor. 3