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...But the report’s flaws — its opacity, its open-endedness, the wood lost for the trees — will also limit the damage it could have done. This was no Ten Years to Save the Bank’s Forecasting....
...A $39bn auction of 10-year Treasuries has been caught up in the broad bond sell-off that followed Wednesday’s US inflation numbers, leaving big banks to mop up almost a quarter of the bonds on offer....
...The agreement is the latest in a series of voluntary commitments around AI that Big Tech companies have made in recent months....
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...Brad Erickson of RBC Capital Markets said: “Maybe most important relative to the big after-hours move in the stock was margins came significantly ahead of expectations.”...
...Musk’s commitment to artificial intelligence was evident in a big jump in “AI infrastructure capex” to $1bn, resulting in cash flow of negative $2.5bn in the period....
...The US market’s big-tech concentration has been the wrong type. Having a market where only seven stocks count towards the final scores is very inconvenient for stock pickers....
...True to form, however, CEO Elon Musk used the conference call to talk about anything except their automotive business. I think Cathie Wood said it best....
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...“You’ve got the big CEOs of the biggest funds in the world coming.” The fervour is yet to transform the country’s stable but long-disappointing growth, though....
...of a big correction”....
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...tens of thousands of GPU chips required to train the models....
...The US is suing Apple for allegedly using its power in the smartphone sector to quash competition from rivals and limit consumer choice, in the latest broadside against the dominant Big Tech companies from...
...One of the big reasons for NatWest’s share price decline, and its underperformance versus its Big Four UK peers (which are between 7 per cent down and 6 per cent up over that period) is that its leadership...
...Speaking at the event, Armitt outlined the investment challenge facing the UK, with tens of billions of extra funding needed each year to meet infrastructure needs in housing, transport and the green transition...
...The “wordcels” — people who are good with words — will be hit the most. GPT-5, which could come out this summer, is likely to be ten times more powerful than GPT-4....
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...Here are the highlights from his chat with Rich Repetto at the Piper Sandler conference last year: And even the language that he uses, right, is intentionally political....
...At a recent academic conference, the longtime US federal judge Jed Rakoff described the select coterie of experts who show up in big cases as simply “hired guns”....
...They want Rachel Reeves or Wes Streeting or someone who’ll be big in the Labour government. Or Angela Rayner, perhaps. The CEOs have some weird kind of fascination with her. It’s not entirely healthy....
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...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
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