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Plus: generative AI lawsuits; crypto hackers outmanoeuvred; M&A’s record deals in sports; and Supreme Court vs ‘the administrative state’
...They were due to enter service towards the end of the last decade but the first is now not due to enter service until late next year....
...The bondholders — many of whom are international fund managers — have also been angered by a Swiss court decision to compel individual claimants to pay administrative fees even though they are pursuing their...
...She said the sector was increasingly providing key public services, such as healthcare, mental health support and education services, as local authorities’ budgets had been “stripped right back”....
...Dear reader, Before Jensen Huang stepped on stage at Nvidia’s huge developer conference, commentators had taken to calling the event Woodstock for artificial intelligence....
...Huang also faced questions this week about whether Nvidia would take on companies like Amazon and Microsoft by becoming a cloud service provider, running its own network of datacentres to host its AI services...
...Chief executive Jensen Huang on Monday said Nvidia’s Blackwell graphics processing units would massively increase the computing power driving large language models....
...At the big coming-out event for Nvidia’s latest artificial intelligence chip this month, chief executive Jensen Huang shared the spotlight with only one other tech boss — and even then, only momentarily....
...Chief executive Jensen Huang’s bet on AI grows more bombastic by the day. It will, he says, be “bigger than the internet”....
...Financial services groups have long complained that the SEC’s use of in-house administrative law judges, in some enforcement cases, essentially allows it to act as both prosecutor and judge....
...Chemours, the maker of Teflon, put its chief executive and two most senior finance executives on administrative leave on Thursday while it investigates financial practices that may have affected executive...
...Vinyl records have come back from the edge of oblivion for similar reasons — they also offer the sense of ownership that a streaming service can never match....
...Now the problem is customer complaints about its subprime credit card business, via the Financial Ombudsman Service....
...Chief executive Jensen Huang has warned that US-China tensions could seriously damage the US tech sector. Nvidia cannot sell its highest- performing chips to China....
...The company last month put Vikram Luthar, who had been chief financial office since 2022, on administrative leave as it disclosed an “ongoing investigation” by outside counsel “regarding certain accounting...
...Those comments followed a warning by Amazon chief Andy Jassy this year that there was “not enough energy right now” to run new generative AI services....
...Luxembourg-based Alter Domus, which was founded in 2003 and has about 5,000 employees, provides a range of services to fund management groups including handling administrative and compliance issues....
...The appeals court wrote: “Apollo’s accounts receivable department contravened the terms of the fund partnership agreements — negligently or otherwise — and billed the funds directly for such administrative...
...In response to Monday’s lawsuit, an SEC spokesperson said: “The commission undertakes rulemaking consistent with its authorities and laws governing the administrative process, and we will vigorously defend...
...During the period Scope Group entities provided other advisory services to Greensill as well as credit ratings, such as “industry risk reports” Esma said, and it failed to flag these services when rating...
...Vikram Luthar, a former chief financial officer of the nutrition business who has been group CFO since 2022, was placed on administrative leave in January after the company got a request for documents from...
...Huang said industries including automotive, financial services and healthcare were now spending on its chips “at a multibillion-dollar level”....
...Jensen Huang warned in a speech in Taiwan that the traditional tech industry would not keep pace with AI’s advances, adding that the technology had dramatically lowered the barrier to entry to computer coding...
...The platform is seen as crucial for the UK to make better use of administrative data....
...This has made Jensen Huang, founder and chief executive, an early winner in the generative AI race. Ravenous demand for AI services and the desire not to rely on one company spur its rivals....
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