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...Invest NI, the region’s economic development agency, has provided $6mn in grants to CV6. The company has raised another $16mn from US and UK investors....
...“We’ve in effect created two FTSE 100 companies,” Leahy added, explaining that B&M was a constituent of the UK large cap index and MFG probably would be if it was listed....
...The top criteria for evaluation is the level of design, development and production completed within China, according to a notice from the state testing agency....
...There were also positive developments in the highly fragmented German market, where Whitbread continues to make inroads....
...We do not forecast the company will generate sufficient EBITDA to cover its substantial cash interest payments....
...That’s in the range of what Snap and Pinterest did starting from a similar point in their development (Salmon rates Reddit a hold). There is one area of concern....
...Fitch Ratings downgraded Vanke in October from triple B plus to triple B, citing weaker than expected sales....
...Boeing, another company in which financial engineering has replaced the real kind, is a timely case in point....
...The cost of development was not made explicit in expenses. Yet when the project was shuttered, the share price rose 1 per cent....
...Betting group Flutter proposes moving listing from UK to New York (FT) Arc’teryx apparel maker Amer Sports considers IPO price below range (FT) Private equity firm McWin buys €80mn restaurant group Sticks’n’...
...Wednesday was also the first time that Musk put a figure on expected Cybertruck production at the company’s Texas plant....
...The IEA forecasts crude consumption to increase by 1.3mn barrels per day this year while Opec this week maintained its growth estimates of 2.25mn b/d for 2024....
...According to the voluntary accord signed by the companies, the rapid development of AI was “creating new opportunities as well as challenges for the democratic process”, and the spread of deceptive content...
...Shares of defence company Northrop Grumman fell 6.3 per cent after it swung to a surprise loss in the fourth quarter due to a $1.17bn charge related to higher costs for its B-21 strategic bomber that is...
...What distinguishes them commercially is not the development and recombination of ideas. Other companies have offered very similar products, but couldn’t reproduce their networks....
...He is expected to open Apple’s eighth retail store in Shanghai on Thursday and attend the China Development Forum, which starts over the weekend....
...Apple says it has been accelerating its research and development, spending nearly $30bn last year, with a fivefold increase in spending over the past 10 years....
...Two investors on Friday withdrew a climate resolution at Exxon after the company sued to block a shareholder vote on it, in a development likely to have a chilling effect on such activism....
...Last year, the US and UK unveiled efforts to scrutinise AI development. Some Big Tech investors have expressed concerns....
...He has made it his mission to significantly reduce the proportion of companies with languishing P/B ratios, to bring the TSE to levels closer to those in the US (5 per cent of S&P 500 companies) and Europe...
...When a courier received a receipt, all they saw was an anonymised route from A to B, alongside the number of miles and what they were paid....
...He Xiaopeng, chief executive of Xpeng, said the Volkswagen-backed company would add 4,000 staff and invest Rmb3.5bn ($486mn) in autonomous driving and artificial intelligence technologies....
...This reflects an escalation of spending on existing mobile platforms as Apple has taken on development of most of the core technology in its products, from chips to advanced software....
...The FT’s China tech correspondent Ryan McMorrow looks at chief executive Robin Li’s latest venture, in artificial intelligence, and whether this will be enough to turn the company around....
...Software development companies must therefore convince investors and customers that AI will enhance existing services, not replace them. San Francisco-based GitLab is doing a good job of that....
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