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...“The UAE views data as the new oil,” the person said. “It realised that it had to find a new way to exist between the US and China because of US concerns about Chinese tech....
...“Under its new board, it is not just developing but is refining an AGI to maximise profits for Microsoft, rather than for the benefit of humanity.” OpenAI declined to comment....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...Montenegro, who won an election this month as leader of the Democratic Alliance (AD), was nominated by Portugal’s president in the early hours of Thursday to replace outgoing Socialist leader António Costa...
...Yesterday, another key coalition — the Net-Zero Asset Owner Alliance — published an updated version of its “target-setting protocol”, putting new pressure on its members in an effort to maintain the momentum...
...Conservative attacks over climate change issues have coincided with new caution by BlackRock and other asset managers over participating in industry alliances that seek to tackle climate change....
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...Does that make it a good candidate for investment? Legendary investor Peter Lynch thought so....
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...Investment bankers from the likes of Barclays, BNP Paribas and Morgan Stanley are shepherding the deal through the market, while Canadian ratings agency DBRS has provisionally awarded the top tranche of...
...A new Big Read looks at how infrastructure has become a favoured area for investment, for example from pension funds looking for yield and protection against market volatility....
...The low-cost airline on Monday joined an alliance of companies including Rolls-Royce, Airbus and GKN Aerospace in urging ministers to help fund the development of the nascent technology, which offers the...
...The original 10-year deal, which was partly motivated by CMA CGM branching into new avenues on the back of Covid-19 era windfall profits, was coupled with a direct investment by the shipping group into the...
...Handler’s remaining shares in New York-based Jefferies are worth more than $800mn. Bloomberg in 2021 estimated his net worth at more than $1bn....
...Popular investment trusts which are trading at discounts include Scottish Mortgage at 14.71 per cent, Alliance Trust at 5.25 per cent and the City of London Investment Trust at 1.66 per cent....
Asset manager’s chief has become a popular target for criticism over its ESG investing stance
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...London was “by far” the number one city for investment, MSCI said, despite transaction volumes falling....
...flows and assets situation in Europe remained “on positive ground . . . in absolute terms”, it would be “unwise to negate that some investors have become concerned about the underperformance of the ESG investments...
...The Microsoft-OpenAI alliance is being reviewed by competition watchdogs in the US, EU and UK....
...Apart from the partnership with Mistral, Microsoft has announced $5.6bn in new AI data centre investments in the past two weeks in Germany and Spain....
...It now falls to Portugal’s President Marcelo Rebelo de Sousa to nominate a new prime minister, which he is likely to do after consulting with the parties in the coming days....
...Suffice to say you should always be sceptical of investment acronyms....
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