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Sector pushes to harness latest tech tools as competition from hedge funds intensifies
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...Wells Fargo and Wilmington Savings Fund Society are named in the suit having allegedly provided administration services to FCI. They have been contacted for comment. How big a deal might all this be?...
...of a big correction”....
...However, Amex is the only other of these that is both a lender as well as network....
...Despite the glitches at its launch, Gemini ended up being well received in tech circles as a worthy rival to OpenAI’s latest technology and as a much-needed, unified platform on which Google’s various services...
...For Apple, giving users a choice of app stores and payment providers on iOS means unpicking a wide array of technical linkages between services, as well as publishing 600 new application programming interfaces...
...Microsoft’s revenue in the quarter climbed 17 per cent to $61.9bn, driven by cloud computing sales and rampant demand for AI-related services on its Azure platform....
...“People recognised that these are generally stable businesses and ripe for consolidation outside of the Big Four,” Munzig said....
...Some have blamed this on Google’s fragmented structure, big-company bureaucracy and the lack of a coherent company-wide plan for rolling out generative AI across its range of products and services, the Financial...
...The evidence cited by the appeals court included testimony by one current and one former Apollo chief financial officer, as well as a high-level investor, that they believed Apollo, not the funds, was to...
...In an annual letter to investors, Tiger recently expressed optimism that its largest private investments, such as Stripe, software company Databricks and ByteDance, were “performing well and should have...
...Deloitte is set to axe 100 more jobs in the UK as a prolonged slowdown in deals activity hits demand for some of its services....
...Excluding the four companies without earnings as well as the Mag 7, the S&P 489 has an average P/E of 23, essentially the same as the index as a whole....
...Big-name managers such as Citadel and Millennium outpaced rivals in the world’s hottest hedge fund strategy last year, illustrating how an arms race for talent and technology is taking a toll on smaller...
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