Google DeepMind researchers use AI tool to find 2mn new materials
Work shows power of AI to improve real-world technology in fields from renewable energy to advanced computation
Artificial intelligence
Heathrow: Ferrovial departure looks well timed
The congested London travel hub is something of a trophy asset
Mergers & Acquisitions
General Motors stock soars on $10bn share buyback and dividend boost
Automaker reinstates full-year guidance at lower level following impact of recent strikes
Driverless vehicles
Castore scores £950mn valuation after Raine-led funding round
UK premium sportswear group seeks to accelerate growth following wave of deals with elite teams worldwide
Investment Banking
MPs call for national security check of Telegraph deal
Conservative backbencher move comes as the culture secretary is set to ask watchdogs to probe Redbird IMI’s bid.
Mergers & Acquisitions
The Lex Newsletter: OpenAI’s secrecy imperils public trust
Start-up is a private company but Sam Altman’s unexplained exit and sudden reinstatement have wider repercussions
Artificial intelligence
KKR takes full control of Global Atlantic as it rearranges its finances
Private equity group says it wants shareholders to better understand its growth
Mergers & Acquisitions
Sticky inflation could keep interest rates high into 2025 in eurozone and UK, warns OECD
ECB and BoE will need to retain restrictive monetary policy if price pressures persist
Central banks
HSBC chief warns against excessive risk-taking as UK bonus cap lifted
Noel Quinn cautions against ‘unleashing inappropriate amounts of risk-taking’
Financial & markets regulation
‘Safest graveyard’ phrase will stick amid Tory worry about financial regulators
Also in this newsletter, why row over Parthenon Sculptures is not a ‘dead cat’ strategy by Rishi Sunak
Financial & markets regulation