Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The new chair of the US securities watchdog is signalling an about-face in the agency’s approach to regulation, throwing out more than a dozen rules proposed by his predecessor in his first major policy move. The decision comes as the Trump administration has embraced a laissez-faire stance on securities and investing, reversing the aggressive style of Gary Gensler, the Biden administration’s top cop on Wall Street. Paul Atkins, chair of the Securities and Exchange Commission, withdrew 14 rules last week that had…
“Betting against Robinhood users is a profitable business,” according to one survey, as top stocks bought by users fell 5% in the month after. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Europe’s biggest steel producer has abandoned plans to convert two German steel plants to green production and warned that it could also close a flagship biofuels plant in Belgium in a blow to Europe’s plans to decarbonise its heavy industry.ArcelorMittal said it would turn down €1.3bn in public subsidies aimed at supporting it in adapting facilities in Bremen and Eisenhüttenstadt to use hydrogen rather than coal in its steel furnaces.It has also warned that it could shut its flagship green ethanol plant…
Before Emily Bender and I have looked at a menu, she has dismissed artificial intelligence chatbots as “plagiarism machines” and “synthetic text extruders”. Soon after the food arrives, the professor of linguistics adds that the vaunted large language models (LLMs) that underpin them are “born shitty”. Since OpenAI launched its wildly popular ChatGPT chatbot in late 2022, AI companies have sucked in tens of billions of dollars in funding by promising scientific breakthroughs, material abundance and a new chapter in human civilisation. AI is already capable of doing entry-level jobs and will soon “discover new knowledge”, OpenAI chief Sam Altman…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a partner at Thoma Bravo and head of the firm’s European operations.Many global software investors are still treating Europe as an afterthought to their core strategies. I believe this represents a significant misallocation of investment attention.The numbers reveal a growing ecosystem that has been hiding in plain sight: in 2024 alone, software spending in Europe grew 11 per cent, according to Gartner research. The firm expects this to slow to just under 9 per cent this year but the…
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Welcome back. As the situation in the Middle East has spiralled this week, Russia’s war in Ukraine rages on — still bankrolled in part by European payments for fossil fuels. Cutting off that flow of cash is proving a fearsomely difficult task, as I explain…
Analysts may be too optimistic about earnings and valuations are again stretched Source link
Stay informed with free updatesSimply sign up to the Media myFT Digest — delivered directly to your inbox.The BBC is threatening legal action against artificial intelligence search engine Perplexity, in its first effort to clamp down on tech groups scraping its vast troves of content to develop the cutting-edge technology.In a letter to Perplexity chief Aravind Srinivas seen by the Financial Times, the British national broadcaster says it has evidence that the US start-up’s “default AI model” was “trained using BBC content”.The letter states it could seek an injunction unless the San Francisco-based company ceases scraping all BBC content, deletes…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Greene King is among several major UK pub groups launching or revamping loyalty programmes in an attempt to lure back customers, as the industry contends with declining alcohol consumption and intense cost pressure.The owner of the Chef & Brewer and Hungry Horse chains is developing an app-based loyalty programme for the first time, which could offer customers discounts on food, drink and accommodation, according to people familiar with the plans. Greene King, which operates more than 2,700 UK pubs, expects the scheme…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hedge fund moguls keen to cement their fortunes should try to emulate their counterparts in the private equity industry. Millennium Management, the giant hedge fund seeking to sell a minority stake in itself at a valuation of $14bn, is taking steps in this direction. Hedge funds have created enormous wealth for founders and investment staff. Many have served clients well too. Turning the businesses themselves into appealing investments has been trickier — in contrast with buyout firms that have gone public and…