Google and RWE back German nuclear startup Proxima Fusion at €2.4 billion valuation - Bloomberg News
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ITV's 1.6 Billion Sky Deal Reshapes UK Media
ITV (ITVPF), the 71-year-old British television company, has agreed to sell its media and entertainment arm to Sky Group, the Comcast-owned broadcaster, in a deal worth as much as 1.6 billion including debt. The transaction could reshape the UK television market by separating ITV's free-to-air chan…
Financial services AI dangers highlighted by regulator's review
By Phoebe SeersBritain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because of their growing influence on consumer financial decisions.In a review commissioned by the Financial Conduct Authority and published on Monday, the…
Goldman Sachs hires Google's Evan Kotsovinos as partner, division engineering head
Goldman Sachs NYSE:GS said on Monday that Evan Kotsovinos has joined the banking giant from Google as a partner and head of asset and wealth management engineering.Here are more details from the press release:
AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says
Morgan Stanley said the recent weakness in U.S. semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI "hyperscalers" as well as consumer discretionary, transport and biotechnology shares.In a note dated Monday, the brokerage said hyperscalers —…
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Weekly Recap: MS lifts GOOG target and Alphabet upsizes $84.75B offering
Alphabet (NASDAQ:GOOG) balances bullish AI-driven growth—Morgan Stanley raised its target on booming Cloud, TPUs and Gemini models and large compute deals—with regulatory and legal headwinds in Europe, Sweden and South Korea, while equity moves and a big share sale attract major investors.Previous…
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Britain should consider regulating AI models, FCA official says
By Phoebe SeersBritain should review whether large language models such as ChatGPT, Claude and Gemini should be regulated as general-purpose AI tools as they increasingly influence consumer financial decisions, a senior official said on Monday.Financial Conduct Authority Executive Director Sheldon…
State-Subsidized and Dirt Cheap: The Chinese AI Threat to U.S. Model Makers — Barrons.com
By Adam LevineThis year is when artificial intelligence really began to be adopted by enterprises, and it came with sticker shock. Organizations are still trying to figure out how they can get the most bang for their buck, and they are eyeing Chinese models, which are very good while being much che…
South Korea's SK Hynix launching $28 billion US listing to ride global AI wave
South Korean chipmaker SK Hynix KRX:000660 will launch a U.S. listing on Monday to raise about $28 billion, according to regulatory filings, as it capitalises on the global artificial intelligence boom with one of the world's largest new share sales.The company will sell 17.79 million new shares in…
Americans' revolt against data centers is growing: how it could disrupt the AI trade
The artificial intelligence boom has a people problem, and it is getting worse faster than most investors have noticed.While Wall Street has spent the better part of three years fixating on chip stocks, hyperscaler spending, and the relentless march of AI valuations, a less glamorous drama has been…
Meta's AI Payoff Timeline Looks Messier
Meta Platforms NASDAQ:META slipped into a fresh AI reality check after CEO Mark Zuckerberg reportedly told employees that AI agent development has not accelerated in the way we expected over the past 4 months.According to Reuters, Zuckerberg made the comments during an internal town hall Thursday…
Tesla rolls out robotaxi service in Miami
Tesla NASDAQ:TSLA said on Friday its robotaxi was available in Miami, as the electric vehicle maker looks to expand its autonomous ride-hailing operations.The expansion highlights Tesla's efforts to increase adoption of its self-driving software, a version of which it uses in the robotaxis and a ke…
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Alphabet and FBI Disrupt Global Malware Network
Alphabet (GOOGL, Financials) and the FBI have helped disrupt a global malware network that relied on millions of compromised devices, marking another coordinated effort against large-scale cybercrime.The operation targeted infrastructure used to control infected devices and carry out online attacks…