Elon Musk’s start-up xAI seeks to raise $1bn
X owner’s generative artificial intelligence company says it has already raised $135mn
Artificial intelligence
New Binance chief refuses to disclose global headquarters’ location
Richard Teng maintains stance on that information held before crypto exchange pleaded guilty to US charges last month
Financial & markets regulation
Jamie Dimon takes aim at US bank rule proposals in Senate testimony
JPMorgan Chase boss criticises ‘lack of economic analysis’ behind consumer regulations
Financial & markets regulation
Ex-Goldman analyst on trial denies knowingly possessing inside information
Mohammed Zina and his brother are accused of insider trading and fraud by the UK’s FCA
Financial & markets regulation
US healthcare: the Medicare gold rush is on
New approach is driving a wave of mergers and acquisitions in the healthcare industry
Mergers & Acquisitions
Binance’s $4.3bn fine was set high as a warning, says US regulator
CFTC commissioner says crypto groups should ‘take the hint’ after penalty designed to bring ‘order and structure’
Financial & markets regulation
Airbus: political kite flying not needed to get new plane aloft
Numbers suggest project could proceed without state support
Aircraft manufacturing
UAE takes big stakes in struggling UK offshore wind market
Proposed 49% holding in East Anglia wind farm is latest in string of Emirati deals in Britain
Renewable energy, Mergers & Acquisitions
Entain ordered to pay £615mn to resolve Turkish bribery case
UK-listed gambling company signs prosecution deal to end years-long probe
Travel & leisure industry
The route to AI regulation is fraught but it’s the only way to avoid harm
France, Italy and Germany are opposing EU plans to impose curbs on artificial intelligence foundation models
Artificial intelligence