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...That tops the $20bn it raised for a fund in 2021 and bucks a trend of shrinking fund sizes at large private capital groups as pension funds cut their exposure to unlisted assets....
...However, the tech group has developed AI products for more than a decade, such as its voice assistant Siri....
...Engineers are developing the technology needed to deploy the service but executives have not yet made a final decision on whether or when to launch it, one of the people said....
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...As well as paying off obligations to retirees, the new structure involves repaying capital to current and former partners....
...Bhat added that Google was working with regulators to understand their requirements and make sure the technologies were used securely....
...It took advantage of a surge in demand from investors for fast-growing technology companies when it listed three years ago, with its share price tripling in the six months after it went public....
...Since then, Silver Lake has agreed deals to take private US software group Qualtrics, German technology pioneer Software AG and sports and talent agency Endeavor....
...The social media group’s shares plunged 11 per cent after chief executive Mark Zuckerberg said on Wednesday he would spend billions more than planned on AI, warning costs would have to increase “meaningfully...
...Shleifer was one of Tiger’s first hires and marshalled investments into booming Chinese technology companies, including ecommerce groups such as JD.com and Ctrip.com....
Department of Justice has challenged tech group’s market power in high-profile showdown
...In recent months, Canberra has moved to broaden its regulatory scrutiny into digital payments and enforce existing measures that are being resisted by technology businesses....
...Mubadala Capital’s $3bn bid for Fortress Investment Group, a powerhouse investor in credit markets with a large bet on US rail infrastructure, has cleared a significant regulatory hurdle after the parties...
...Pichai has also been criticised for being slower to commercialise generative AI, despite the technology being created in-house by its researchers....
...Google is among the Big Tech groups investing tens billions of dollars to develop generative AI products that have the potential to transform technology and other industries....
...Private equity group Silver Lake, an investor in Manchester City’s parent group, raised its largest fund to date....
...The search group had been testing generative AI software internally for several months by then....
...Groups such as Vitol and Trafigura, which traditionally relied on political connections, handshakes and logistical skill to move natural resources from remote locations to willing buyers, are increasingly...
...It also opened proceedings against Meta over whether the group’s new “pay or consent” subscription model complied with the DMA requirement for gatekeepers to obtain user agreement to “combine or cross-use...
...This threatens to stifle Chinese technology groups, including Baidu, which are still reliant on US computer chips....
...French tech group Atos said Czech billionaire Daniel Křetínský and David Layani’s Onepoint have made offers to bail out the heavily indebted group as it races to strike a restructuring deal this month....
...During a demonstration to the Financial Times last week in London, a car running Wayve’s first-generation technology felt smooth and natural....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...China has introduced new guidelines that will mean US microprocessors from Intel and AMD are phased out of government PCs and servers in its most significant step yet in replacing foreign technology with...
...In September, a rival bidding team made up of I Squared Capital and TDR Capital entered the fray with a €9.75 a share offer....
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