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...The US start-up’s chief executive Sam Altman is seeking to launch a semiconductor business to reduce its dependence on cutting-edge chips made by Nvidia....
...its reliance on Nvidia....
...He added: “We are working with large corporations: we have 10 interesting proofs of concepts with companies all over the world, and not only in France....
...Before 2014, the investment company had no offices in developed countries but now its presence outside of Asia stretches from Paris and London to San Francisco and New York....
...to US tech companies....
...G42, a company controlled by the UAE’s national security adviser Sheikh Tahnoon bin Zayed al-Nahyan, which has co-operated with China on vaccines and laboratory testing, has also released an Arabic-language...
...The previous year, the company set aside nothing at all. Now, rates are rising. Varying global tax rates alter investment returns for US multinational companies....
...say Jonas et al. Yes it can! Look! And look! And look! That’s Tesla on an EV of 28.3 times 2025 ebitda, per Morgan Stanley forecasts, which is more expensive than Nvidia’s 25.3 times ebitda....
...These include the $800bn Abu Dhabi Investment Authority and ADQ, another state investment entity....
...This week, Microsoft announced a $1.5bn investment in G42, an Abu Dhabi-based AI group chaired by powerful Emirati royal Sheikh Tahnoon Bin Zayed al-Nahyan, representing the tech giant’s latest huge bet...
...Productivity-hype bubbles are usually separated by at least 25 years and usually form at the end of a secular bull market, when aggregate profits are coming under pressure, say Garthwaite et al....
...More seriously, Goetzman et al argue that art price changes are largely a function of wealth concentration....
...As Morgan Stanley writes: The main desktop CPU architectures — x86, Arm, and maybe RISC-V too — have decades of software toolchain investment behind them, have huge developer communities and mature development...
...And I think you could think of this as a knock against US stocks, right? What about the Mag Seven? What about how concentrated the stock market gains are with Nvidia, Microsoft, Google et al?...
...They followed the Pinault family of Ch Latour et al, who, in 2013, bought what is now called The Eisele Vineyard from the Araujos, and were so confident of their savoir-faire that they didn’t even impose...
...Investment manager VanEck said its exchange-traded fund tracking European defence companies has drawn in $500mn in the year since it launched — a build-up that “illustrates the importance of defence nowadays...
...She notes that in the late 1970s, US companies’ tangible investments were in effect double their intangible investments....
...His argument is AI is real, Nvidia is real....
...The wise second-in-command to Warren Buffett at Berkshire Hathaway, Charlie Munger — who died this week aged 99 — was a pioneer in blending investment and psychology....
...We examined the financial and market position of US chipmaker Nvidia this week....
...We’ve compared Nvidia in 2023 to Cisco in 2000 — but back then Cisco was only growing about half as fast. Should we relinquish our scepticism? Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Efforts to market Arm as an AI company do not mean it should be valued in line with Nvidia, the leading maker of AI chips....
...One major US deal to start: Capital One has agreed to buy Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies. Details here....
...Now, as the world’s largest companies race to buy vast volumes of Nvidia’s chips, the company is shaping the future of AI — and in the process has become the world’s third most valuable company....
...In securities filings this week, US oil company Chevron disclosed a potential hang-up for its pending $53bn all-stock acquisition of smaller rival, Hess Corporation....
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