Arm/SoftBank: chip sector multiple would mean $32bn IPO valuation
Need for more computing power is growing as companies bet on generative AI applications
Artificial intelligence
Latin America’s central banks set to declare victory in war on inflation
Hard-fought battles with price pressures in the 1980s and 1990s meant rate-setters acted fast when costs soared
Central banks
Should an AI bot making $1mn really be the next Turing test?
‘Artificial capable intelligence’ that finds its own route to wealth could have considerable consequences
Artificial intelligence
Michael Klein: I just want you Spac for good
Plus, BT’s new boss confronts a big turnaround effort and the dealmaking slowdown hits the UK’s elite corporate law firms
Mergers & Acquisitions
Air traffic controllers shortage dents airlines’ post-lockdown recovery
Delays and reduced schedules highlight structural problems that will not be easy to fix
Travel & leisure industry
UK to back plans to speed up construction of power networks
Ministers set to endorse report on how to cut delays to upgrading electricity system
Renewable energy
Cheshire investment group heads for $1.6bn NY listing with Michael Klein
Deal for CorpAcq based in north-west England shows how far Spac sponsors are having to spread their net
Mergers & Acquisitions
French newspaper faces mass departures over appointment of rightwing editor
Journal du Dimanche staff had protested at arrival of Geoffroy Lejeune ahead of impending takeover by billionaire Vincent Bolloré
Mergers & Acquisitions
Blue Owl: Rees’s pieces must mesh to keep egos and investors sweet
Alternatives asset manager insists its disparate pieces fit together
Mergers & Acquisitions
Sarah Breeden appointed deputy Bank of England governor
Internal appointment will lead UK central bank’s work on financial stability
Central banks