Europe and the US won’t win the AI race by depriving themselves of talent
Legitimate security concerns should not drive self-defeating curbs on Chinese-born researchers
Artificial intelligence
The £410bn investor ‘living with complexity’
Plus, the shareholder battle at Telecom Italia heats up and management consultants tighten their purse strings
Mergers & Acquisitions
Indian digital ads surge in world’s fastest growing online economy
US tech companies YouTube and Meta can expect to achieve rapid growth in video revenues, say analysts
Advertising, Digital Media
America embraces Open Banking
US follows Europe and Australia in mandating easy sharing of financial data
Fintech, Financial & markets regulation
Virtual and augmented reality accelerates from gaming to cars
Autonomous vehicles predicted to spur demand for VR and AR with passenger diversions such as movies and karaoke
Social Media, Virtual and Augmented Reality
Indonesia’s president pushes US over delayed $20bn funding for green transition
Joko Widodo questions west’s ‘commitment’ to helping developing countries cut climate emissions
Renewable energy
UK retail spending growth drops in run-up to Christmas
Data from British Retail Consortium points to household caution ahead of busiest shopping season
UK retail sales
OpenAI set to launch store as ChatGPT reaches 100mn users
Group aims to turn artificial intelligence interface into a digital platform
Artificial intelligence
European countries boost funding for Ariane 6 rocket programme
Deal between France, Germany and Italy reflects continent’s effort to build capacity for independent launches
Space industry
David Einhorn urges Vitesco to reject offer from rival German auto group Schaeffler
Hedge fund boss tells EV specialist not to accept bid, which puts its enterprise value at €3bn, from competitor that has ‘missed the boat’
Mergers & Acquisitions