Computer-driven trading firms fret over risks AI poses to their profits
Executives fear complex algorithms may not be able to differentiate fake data from genuine information
Social Media, Fintech, Artificial intelligence
Big Tech vs Canada: another test case for media
Google and Meta facing demands to pay up to support a local news industry
Social Media
Revolut investor cuts book value by 40%
Molten Ventures’ move follows similar decision by asset manager Schroders in April
Fintech
UK accused of ‘sleep walking’ over developing green hydrogen
Billionaire investor and mining magnate Andrew Forrest urges UK and Europe to match US on clean energy subsidies
Renewable energy
European markets fall ahead of ECB interest rate decision
Asian equities rise after China cuts key lending rate
Central banks
ECB increases rates to highest level since 2001
Central bank warns inflation will be ‘too high for too long’
Central banks
Generative AI is disrupting its own investment case
The very pace of transformative technology makes it tougher for start-ups — and for existing investment portfolios
Fintech
Music publishers sue Twitter over copyright infringement
Sony Music Group and Universal are among 17 taking a legal challenge against Elon Musk’s company
Travel & leisure industry, Social Media
Actor Idris Elba to launch marketing agency
Business to be called Silly Face — coined by the actor to reflect need to bring back sense of fun
Advertising
Nvidia’s rivals struggle to gain ground in generative AI chip war
AMD, Intel and others play catch-up in hopes of staking a claim to burgeoning market
Artificial intelligence