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...These kinds of search results, which include an “AI-powered snapshot”, are more costly for Google to serve up than its traditional responses because generative AI consumes a lot more computing resources....
...“We’ll enjoy greater scale, resources and agility, while better positioning the firm to make targeted investments,” said Seth Siegel, Grant Thornton’s chief executive....
...Toyota has already unwound some of its cross-shareholdings to mobilise resources for the massive investments needed in battery electric vehicles and technology....
...General Atlantic’s expansion push comes as some prominent private equity groups consider public listings, while others sell to strategic partners with broader financial resources....
...He previously worked at insurance group Aviva for more than a decade....
...“If a group of partners came along and said, ‘join our lawsuit’, I would not have wanted to sign away my right to do that,” the former partner said. Grant Thornton declined to comment....
...A group of retired partners, including three former chief executives, are negotiating with the current leadership to try to get a better deal....
...Google has a 10-year deal with derivatives exchange CME Group and invested $1bn in the Chicago-based business....
Hedge fund expects Opec+’s control will allow cartel to define where prices go in the next 12 months
...They certainly should after the entertainment group announced a long-expected go-private sale to its existing majority shareholders this week. The deal values Endeavor’s equity at $13bn....
...The search group had been testing generative AI software internally for several months by then....
...Nine workers who occupied a senior executives’ office were arrested and on Wednesday it fired 28 staff allegedly involved in the “No Tech for Apartheid” group....
...“And this matters at a time when many parts of the planet are experiencing deep and extended droughts, and fresh drinking water is already a scarce resource.”...
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...US private equity group Apollo Global is in discussions with Sony Pictures Entertainment about making a joint takeover bid for Paramount Global that would rival ongoing talks between controlling shareholder...
Tech group’s AI tools will assist project to track oil and gas infrastructure
...China and Russia are challenging US claims to mineral-rich stretches of seabed because Washington has failed to ratify a treaty — the UN Convention on the Law of the Sea — that governs access to resources...
...The policy on offsets was made by the board without the consultation of SBTi’s technical and advisory groups, members of those groups said in a letter sent to trustees on Friday....
...The call comes a year after the collapse of a £1.7bn takeover approach for Wood from buyout group Apollo....
...Christopher Finn, the longtime chief operating officer at Carlyle Group, is retiring this summer....
...“We wish that there could have been a better outcome for the Ted Baker employees and stakeholders,” John McNamara, chief strategy and transition officer at Authentic Brands Group, the US owner of the Ted...
...BUY: Pan African Resources (PAF) South African gold miner has reported a 46 per cent uptick in interim earnings, writes Alex Hamer....
...China started commercial driverless development in 2013, about five years after groups in the US....
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