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...Its average equity investment across seven such deals was $3.5bn. Large Silver Lake investors who spoke to the FT encouraged the changes....
...Millennium gained 3.7 per cent in the first quarter of this year and has delivered average annual returns of about 14 per cent since inception, according to investors....
...BCG, which started investing in its AI business in 2015, has about 3,000 employees in its BCG X technology and design division....
...TIC currently owns about 7.3 per cent of Toyota Motor, while the much larger company owns 23.5 per cent of TIC, according to LSEG data....
...Pichai has also been criticised for being slower to commercialise generative AI, despite the technology being created in-house by its researchers....
...It set up a power trading division three years ago....
...But as the company rallied its resources, multiple competing models emerged from different divisions within Google, vying for internal attention....
...Its average equity investment across seven such deals was $3.5bn. Silver Lake backers are cheering the adjustment....
...Projects such as TacticAI give clues as to how AI in football might evolve, said Sudarshan Gopaladesikan, director of football intelligence at Italian top division team Atalanta....
...GM halted the division’s work and regulators are investigating the case....
...Shares in Amazon and Nvidia, two other beneficiaries of AI spending, also rose by around 3 and 6 per cent respectively....
...The technology-focused firm is shifting its focus back to big takeovers, as co-CEO Greg Mondre told the FT “we are at our best when we are investing at scale”....
...OpenAI’s ChatGPT-3.5 fabricated responses 69 per cent of the time, while Meta’s Llama 2 model hit 88 per cent....
...Learning Technologies blames the macro conditions for a drop in projects....
...It said it would increase capital spending in support of the technology behind chatbots and smart assistants....
...Big Four rival PwC is using AI chatbots in its legal and tax divisions to speed up the work of its employees by summarising large documents and identifying compliance issues....
...The world’s biggest technology companies have substantially increased their use of water to cool down data centres, sparking concerns over the environmental impact of the generative artificial intelligence...
...The group’s robust quarterly results were mainly driven by the performance of its Grid Technologies and Transformation of Industry divisions, but the company said it expects Gamesa to be a major driver of...
...GroupM estimates that the global industry will increase by 5.3 per cent in 2024, a slight decrease on last year’s growth....
...Ken Griffin’s Citadel gained 15.3 per cent in its flagship Wellington fund in 2023, according to people familiar with the numbers....
...Amazon said yesterday that AI demand had fuelled a big jump in sales at its cloud computing division and it planned to spend big on supporting the technology....
...Al-Saleh said 60 per cent of the combined group’s turnover would be from high growth businesses such as mobility and government services and 40 per cent would be derived from the declining media division...
...Fundraising volumes have risen, with about $3.5bn raised compared to just $500mn in the same period in 2023, according to Dealogic, but the two largest deals — sportswear maker Amer Sports and healthcare...
...It said last week that “advances in technology” and “increased efficiencies” in how its operates its equipment allowed it to extend its estimated life....
...Qualcomm to build prototype mixed-reality headsets, said he now believed lightweight, lower-cost smart glasses were a “much bigger opportunity” than devices such as Apple’s Vision Pro, which will cost $3,499...
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