On earnings calls, CEOs tout the benefits of AI but do not mention it in their…
Artificial intelligence is a rapidly growing technology that has created excitement across industries, from fast…
Yearly Archives
2023
SoftBank’s arm announces plans for the largest US IPO since nearly 2 years
SoftBank's chip designer Arm, which is owned by SoftBank, has begun the countdown for the largest US initial public…
Microsoft reworks $75bn Activision Deal to Win UK Support
Microsoft dramatically altered the terms of the $75bn acquisition by Activision Blizzard, after UK regulators…
Permian Resources acquires Earthstone Energy for $4.5bn
Permian, a US shale oil operator, announced Monday that it would buy Earthstone Energy for $4.5bn in all-share…
British media and creative industries questioned about AI risks to copyright
The British government is contacting the media and creative industries in Britain over concerns that artificial…
Fears over interest rates outlook drive US Treasury yields to 16-year high
Investors are coming to terms with an economy which refuses to slow down. The selling of US government bonds…
Xi Jinping is deliberately running China’s economy cold.
Xi Jinping’s quest to rewrite a playbook that has driven China’s economic miracle over a decade is facing its…
The UK homebuilder slump has gone too far, a technical indicator shows
The sell-off of UK homebuilders intensified on Monday after a downbeat report from Crest Nicholson Holdings Plc.…
Quant Trader Alex Gerko doubles fortune to $11B, as XTX profits surge
In Nantucket, a very seasonal legal spat has broken out: the billionaire owner of $6.5 million cottage wants to…
Shell is said to have received final bids for UK North Sea Gas Assets
Shell Plc reportedly has reduced the number of bidders to just three for its Southern North Sea Gas Fields.…
SoftBank’s US arm files for IPO that could be the biggest of this year
SoftBank Group Corp.’s Arm Holdings Ltd. made a move toward what is set to be the largest US initial public…
Goldman Sachs is exploring the sale of investment advisers in a retreat from mass…
Goldman Sachs has begun exploring the sale of its investment advisory business, which it acquired four year ago.…
The world’s first ever wind-powered cargo ship sets out on its maiden voyage
The world's very first wind-powered cargo ship has set off on its maiden voyage. It may lack the romanticism of…
Cruise to reduce fleet of San Francisco Robotaxis by half following crashes
General Motors Cruise Autonomous Vehicle Unit has agreed to reduce its fleet of San Francisco Robotaxis by half, as…
WeWork struggles to stay afloat, causing property fears to grow
WeWork was once valued at $47.5 billion. The company had to merge 40 shares into one on Friday to maintain its…
UK spends £100m on AI chip race
The UK government will invest £100m in an effort to gain a foothold for the UK on the global stage of producing…
Study finds that some UK residents pay twice as much tax on their earned income as…
According to a study on inequality in the UK's tax system, a graduate who earns £35,000 per year pays nearly twice…
The global economy is headed for turbulent times
What's happening with the global economy? The global economy can be described by comparing it to a plane that…