Hints and tips:
...JPMorgan has become more acquisitive in recent years after Dimon warned in early 2021 that it “should be scared shitless” about emerging threats from technology companies....
...Suleyman founded Inflection following his departure in early 2022 from Google, where he had a leading role in the development of the LaMDA conversational model....
...In early 2023, months after the launch of OpenAI’s groundbreaking ChatGPT, Google was gearing up to launch its competitor to the model that underpinned the chatbot....
...richard.waters@ft.com...
...In early October, one of the company’s cars ran over a pedestrian who had been thrown into its path after being struck by another vehicle....
...The court is expected to hear testimony early next week from Google chief executive Sundar Pichai....
...The companies said they expected the deal to close by late 2024 or early 2025....
...The GM unit scored an important breakthrough in early August when California’s public utilities commission granted it and Waymo, Alphabet’s autonomous car company, the right to run full-scale driverless...
...The contrasting performance of two of the tech industry’s biggest arch-rivals underlined the early lead Microsoft has taken in the AI race that broke out after the launch of ChatGPT late last year....
...Capital One has said it expects to complete the deal by early 2025....
...“Today we announced some targeted restructuring across our businesses, which may — subject to consultation — put some roles at risk of redundancy,” said regional chief executive Richard Houston....
...A rare round of job cuts that swept through the biggest tech companies early this year also boosted profit margins....
...Richard Mashaal, co-chief investment officer at New York-based Senvest Management, whose 86 per cent gains in 2021 ranked him among the best-performing hedge funds in the world, said he now has a quarter...
...“This is early days for this asset class and as it becomes more mainstream and people employ these facilities more frequently, it’s only natural that you’ll see different uses of them,” said Richard Sehayek...
...Additional reporting by Richard Waters in San Francisco...
...Rothschild & Co has hired Richard Hurowitz, the founder and chief executive of boutique investment bank Octavian & Company, as a strategic adviser....
...Google has claimed a breakthrough in correcting for the errors that are inherent in today’s quantum computers, marking an early but potentially significant step in overcoming the biggest technical barrier...
...Additional reporting by Richard Waters...
...Microsoft poured billions of dollars into challenging Google in the early days of search, but could not make a dent in its dominant position....
...Microsoft is planning to let users “toggle” between a chat interface and a traditional search results page, according to a number of people who saw what appeared to be an early release of its revamped Bing...
...“I do think we’re going to see a market there that’s more open, engaged and ‘early adopter’, if the regulatory conditions are right.”...
...In the firm’s perhaps most consequential moment, in 2009 it hired three Merrill Lynch healthcare dealmakers: Alan Hartman, Mark Robinson and Richard Girling....
...If China wants to be the peace broker and at the same time give weapons to the aggressor, it goes against the possibility of achieving peace and goes against the principles in the UN Charter.”...
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