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...York will now admit some overseas applicants who achieved the equivalent of B/B/C grades at A level into its undergraduate programmes, or a 2:2 degree to join its postgraduate courses....
...Additional contributions from George Russell, Benjamin Wilhelm, Grace Ramos and Euan Healy...
...A majority of employees sent a letter demanding that the board reinstate former CEO Sam Altman, who they fired on Friday....
...“You need to have a plan B and a plan C because a lot of things go wrong,” she says....
...Plus, the FT’s Alec Russell unpacks Indonesian president Joko Widodo’s ambitious plan to build a new capital city and turn the country into an economic superpower....
...“To criticise long-termism as some weird, neo-fascist mentality is wrong-headed,” says Russell....
...In contrast, the S&P 500’s price-to-book ratio is close to the record 5 times it touched in 2021 and 2000 (the Nasdaq’s P/B ratio is close to 7.5 times)....
...Additional contributions from George Russell and Benjamin Wilhelm...
...In total, the group will now produce almost 6mn b/d less than it could in the first quarter of 2024....
...The writer is a barrister and the author of ‘The Digital Republic: Taking Back Control of Technology’ Last month’s boardroom carnage at OpenAI — in which the chief executive, Sam Altman, was toppled and...
...That is not a Sam Altman problem, it’s a history-writing problem.”...
...Sam Altman’s spirit trumpet can whisper short-term stock recommendations by detecting thematic mispricings via means inexplicable....
...Do email me, alec.russell@ft.com.) For India this is a huge moment....
...OpenAI: Sam Altman has returned as chief executive after five days of chaos, but business as usual would be a mistake, writes Richard Waters....
...The plaintiff was Cassie, the R&B singer, who alleged that Combs had abused her. Combs denied the allegations....
...Across weaker companies and weaker properties, capital structures and valuations need updating, but not every B-grade office building is facing the bulldozer....
...And: OpenAI’s directors are in talks with Sam Altman to allow him to re-join the board, four days after their decision to sack him plunged the generative artificial intelligence start-up into turmoil....
...Son, Ive and Sam Altman, OpenAI’s chief, have discussed creating a company that would draw on talent and technology from their three groups. Read more on the project and how it will be funded....
...The agency reduced its credit rating on the US regional lender to B plus from BB plus. Last Wednesday, S&P downgraded First Republic from A minus....
...On a p/b basis, then, the Russell looks reasonably priced: Next, consider the biggest risk to small-caps: the business cycle....
...Alec Russell responds Rana, greetings from London....
...I had no plan B.”...
...It’s been a wild week in corporate news, with the Sam Altman/OpenAI shenanigans generating one of the best-ever examples of the “look how messy people can be” genre of management stories....
...For example, Sam Altman — now chief executive of OpenAI, the company behind the AI-chatbot ChatGPT — once headed Y Combinator, which is one of the best-known accelerators in Silicon Valley....
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