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...with the rest of the rules, including a legal requirement to ask users for consent if companies want to merge data from different services, such as Instagram and Facebook, and a ban on ranking their own products...
...The total aggregate fees of about 1 per cent of the transaction value to be paid to Raine, JPMorgan and Moelis, is at the high end of the historical range, according to a previous Financial Times analysis...
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...The legislation requires companies to allow app developers to “steer” users to products beyond their own platforms without charging them for doing so....
...outside this product,” News Corp’s Miller said....
...All tech products involve trade-offs, he says....
...However, it sells 12mn products and does not have market-dominating shares in very many of those products....
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...Big brands are already turning to AI to change how they sell their products....
...Walmart, for example, has made a 24 per cent gross profit this year on the products it sells in its supermarkets, despite being known for offering “everyday low prices”....
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...The regulator had previously refused to greenlight the products but changed course last year after losing a legal battle with Grayscale....
...the investment product or switch to using a non-MSCI index....
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...Arm’s desire to talk about AI makes sense, given that Microsoft, Alphabet and Facebook and Nvidia have in aggregate seen their aggregate stock market value rocket by over $4tn just since the start of 2023...
...The venture underscores how harnessing AI can shortcut years of experimental graft — and potentially deliver improved products and processes....
...In spite of efforts among Big Tech companies to rein in spending this year, including with lay-offs, the groups have been racing to develop, deploy and monetise generative artificial intelligence, with products...
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...“If your advantage is broad and deep research and investing capability, but only a handful of companies matter to aggregate returns, it makes that less valuable,” Sharps said....
...“There’s exciting momentum across our products and the company, which drove strong results this quarter,” said chief executive Sundar Pichai....
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