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...“We have never seen a topic become relevant as rapidly as Gen AI,” said Schweizer, who added that he personally uses large language models to take minutes for meetings, write emails and summarise documents...
...The sale to CD&R is the latest exit for BC Partners, which has returned more than $7.5bn to investors over the past 12 months after reducing its stake in US pet company PetSmart and striking a deal to sell...
...Past and present women employees at Goldman acknowledge that the bank has made progress towards fostering a more balanced workforce but many say that the bank still has considerable progress to make....
...Minneapolis-based Castlelake is a specialist lender with a focus on aircraft leasing, providing financing for large airlines including United Airlines and Turkish Airlines that is secured against their planes...
...There were few signs of progress on the sticking point of China’s subsidies for its green-tech industry, which Treasury officials said risked flooding global markets with cheap goods....
...Lin Qingyuan, a chip expert at research group Bernstein, said substitution would progress faster for server processors than for PCs because of the more limited software ecosystem in need of replacement....
...He added: “Hostmore has made good progress in executing its turnaround strategy over the past year.”...
...Over the past few months, I’ve been afforded an insight into the finance side of the music industry working for Dundee Partners....
...For 2023, Lyft had gross rideshare volume of $14bn while Uber hit 10 times that. But just under half that figure for Uber comes from food delivery....
...Oddi Aasheim, a partner at FirstHuman, a leadership coaching company, says some corporate sectors value traits such as ruthlessness and selfishness more than others....
...But BlackRock said last month that he would seek re-election for one more year to oversee the integration of BlackRock’s $12.5bn acquisition of Global Infrastructure Partners....
...Progress was even slower for working class employees who were a) female or b) had an ethnic minority background....
...BGC Partners has reached a settlement with a former senior partner following allegations that he took part in a $35mn scheme to defraud the broker....
...Her new flexible, hybrid work schedule — spending some time in the office and doing some work remotely — means “I can spend time with my daughter before I get to the office,” she says, while her partner...
...Yet the issue for women partners runs deeper, as many big law firms have a two-tier structure with some partners holding equity and others holding no equity....
...As companies tackle digital overhauls of their businesses — from homeworking to customer relationship management — they are increasingly relying on external providers for information technology services...
...“It’s always been a margin versus volume debate for them, and this is the latest twist,” said James Anderson, a managing partner at Lingotto Investment Management, which holds Tesla shares....
...The seeds were sown for Cohen’s exit two years ago....
...“It will help us turbocharge the Android and Chrome ecosystems, bring the best innovations to partners faster . . . and internally, it will also speed up decision making.”...
...But all three generate surprisingly big chunks of their operating income from profit-sharing agreements with their partner banks....
...BlackRock has struck a deal to buy Global Infrastructure Partners for more than $12.5bn in cash and stock, a move that will substantially boost the $10tn money manager’s footprint in alternative assets and...
...Baltimore-based DTLR Villa for $495mn....
...For some investors, they have been too successful. The likes of well-funded Block and Stripe are driving down costs for merchants but also profit margins for payment service providers....
...But consultants PwC see scope for growth, reckoning on room for another 600-850 low-cost gyms, on top of the existing 756....
...Airbnb, which is also an official partner for the Olympics, remains optimistic about the opportunity it offers hosts....
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