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Pension fund says windfall for private equity titans is unjustified
...Actis, created as a development finance arm of the UK government, was spun out in 2004 after its management team bought a 60 per cent stake for £373,000....
...The company handles multimedia deals for universities, controlling much of their merchandise sales, stadium sponsorships, ticketing and content development....
Ken Griffin’s firm will move into British Land’s flagship development at Broadgate
...It represents a major increase in power for Hassabis, who joined Google when it bought his start-up in 2014, and who now controls much of its AI development and product output....
...It ranks fourth as a network behind the titans Visa, Mastercard and American Express. However, Amex is the only other of these that is both a lender as well as network....
...An attorney for Jane Street told Engelmayer that the firm had invested “tens of millions of dollars” into the development of the trading scheme....
...In the case of Amazon, only content produced by its own models, such as Titan, as well as a range of the company’s AI applications, are covered....
...China started commercial driverless development in 2013, about five years after groups in the US....
...During the first thousand years AD, technology breakthroughs — including the development of the waterwheel and advanced infrastructure enabled by concrete — catalyzed activity to such an extent that real...
...Apple began to build up Project Titan about a decade ago. In 2017, the company was granted a licence to test autonomous cars in California....
...Packed with in-depth analysis and data, it has you covered on all the key developments in this fast-moving space....
...Apple says it has been accelerating its research and development, spending nearly $30bn last year, with a fivefold increase in spending over the past 10 years....
...As the name suggests, this is a “business development company”, a weird but fascinating and uniquely American construct....
...Europe’s AI Act is an important development in balancing innovation and risk....
...It now has “several hundreds” of engineers dedicated to chip development, he added....
...French hotel group Accor is in talks with investment vehicle Dubai Holding to fund the roughly €800mn development of two upmarket cruise liners under the Orient Express brand, in the latest example of Middle...
...The other factor is that fund flows into direct lending have been stable and growing, especially from high-net-worth investors putting money into semi-liquid BDCs [business development companies]....
...New phone, new name Twelve years to the day after Huawei unveiled its P series of flagship smartphones, the beleaguered Chinese tech titan began selling its latest phone, the revamped and renamed Pura 70...
...Tech titans say they want elected officials to set limits. But Washington had a hard enough time keeping up with targeted advertising and surveillance capitalism....
...Previous accidents have slowed down but not stopped development of autonomous cars, including a fatal crash in Arizona in 2018. Concern for public safety is high, but so is public curiosity....
...This is an audio transcript of the Behind the Money podcast episode: ‘The downfall of a UK hedge fund titan’ Michela Tindera For decades, if you worked in Britain’s financial sector, you knew who Crispin...
...The scooter business said in December it would seek to raise Rs55bn ($661mn) in the IPO, with proceeds being used to build a battery factory in India, fund research and development, and pay off debts at...
...The fundamentally unsettling part for the titans of the games industry like Activision Blizzard, EA, Sony, Microsoft and others, though, lies in the scale of Palworld’s possibly AI-fuelled success relative...
...Actis executives, who have expanded the business since spinning out of the UK government’s development finance unit in 2004, are likely to net a big windfall by selling their firm....
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