Sam Altman’s vision for AI puts him on collision course with government
OpenAI chief is leading projects he thinks will prepare the world for artificial general intelligence, but is attracting regulatory scrutiny
Artificial intelligence
EY’s US general counsel quits
Resignation comes as firm nears conclusion of investigation into failures related to the handling of a staff cheating scandal
Financial & markets regulation
Telegraph results boost sale prospects for new owners Lloyds
Surging profits will be used for basis of bids that could fetch between £400mn-£700mn
Mergers & Acquisitions
UK to tighten rules over illegal content on internet platforms
Social media and adtech groups to be given more responsibility for policing scams and what is seen by children
Advertising, Social Media, Digital Media
Bank of Japan must respond to increasingly sticky inflation
Accommodative monetary policy stance no longer makes sense
Central banks
LVMH becomes late addition to running order of Paris Olympic sponsors
Deal with luxury group will help bridge budget gap for organisers of 2024 games
Luxury goods
The logo of X, formerly Twitter, wasn’t actually stolen
You Wouldn’t Download A Font
Social Media
US bank deposit data questioned amid tensions over SVB bailout
Regulator claims some lenders ‘incorrectly’ report balances as number of restatements jumps
Financial & markets regulation
SoftwareOne/Bain: board hostility remains bane of bidder’s life
The whole board of Bain target SoftwareOne plans to review what will make most money for investors
Mergers & Acquisitions
Saudi football club approaches PSG with record €300mn bid for Mbappé
Offer comes as Qatari-owned club tries to force French player to end or extend his contract to cash in lucrative fee
Travel & leisure industry