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...The launch of OpenAI’s ChatGPT chatbot in November 2022 sparked an investor frenzy as start-ups raced to develop and deploy generative AI and attract venture capital funding....
...It also shows how the Gulf, long seen by many in Silicon Valley as an easy source of funding, is increasingly regarded as a credible technology partner....
...The three-year-old company was valued at $1bn in August 2022, following a $101mn funding round led by top US tech investors Coatue and Lightspeed Venture Partners....
...Additional reporting by George Hammond...
...“I think of this as a race to transform how customers interact with their money, to win at a global scale.”...
...George Parker here, standing in for Stephen, with news of what home secretary James Cleverly called a “landmark moment” overnight. Yes, the government’s Safety of Rwanda bill is about to become law....
...“If I were in HMRC, I’d be arguing these payments [by the Post Office] are not deductible,” she added. However, other tax experts said the matter was not clear-cut....
...“I think when the weather improves, we’ll be able to have a better read on whether increased disposable income is flowing through or not....
...So yes, I do feel uncomfortable. Or I did. I don’t feel uncomfortable now because I’m giving it all away.” He too has not denied that by polling day he will have given £5mn to Labour....
...I’m talking with venture capital correspondent George Hammond and the FT’s AI editor Madhumita Murgia about the challenges that lie ahead. Hi, Madhu, George. welcome to the show....
...George, who are you buying or selling this week? George ParkerWell, I’m gonna (inaudible) to go for the speaker of the House of Commons, Lindsay Hoyle....
...I think we should say that we are starting with a $1bn funding commitment.’” OpenAI’s original non-profit structure hampered its ability to raise funds from traditional investors....
...Earlier this month Gove published a new definition of “extremism” intended to stop the government funding or giving any support to bodies it believes are advancing “extremist ideologies”....
...I mean, I was pleasantly surprised by some things. And now I thought the funding for new NHS IT systems was nice if it happens, which is a fairly big caveat....
...“I would hope that we do see that, venture firms cutting their fund size and forgiving commitments to their investors and resizing. That would be a really good outcome.”...
...I’m a Conservative.” Some Eurosceptics have not forgiven her....
...George Galloway — standing for the Workers Party of Britain — has won the Rochdale by-election, to no one’s particular surprise....
...“I’m wondering how Labour MPs can square with their consciences voting in favour of a cut in national insurance [when] at the same time they are trying to scare everyone that it will mean cuts in funding...
...“I think that there was pressure for [AM Best] to take action, for anybody that had a relationship with 777 Re,” said King. He added: “We don’t agree with their position.”...
...Asked about the prospects for reducing the tax burden, the highest for 70 years, Hunt told the Sunday Telegraph: “I’m going to be honest with people on Wednesday that it’s going to be a long path to bring...
...He added: “All I want is my country back”....
...I will not allow that to happen and so I will shortly introduce new legislation to restore the position that existed before the Supreme Court ruling and ensure cases can continue being funded....
...Most Republicans in Congress are against funding for Ukraine....
...“I just don’t think the political will is there,” Johnson said....
...He added: “I don’t think it’s the model which is the issue per se, it’s the shift in the regulatory and political landscape.”...
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