Nick Leeson went from being a symbol of everything that is wrong with financial markets to investigating the kind of misconduct he became famous for.
This story incorporates reporting from The Financial Times, New York Post, The Australian Financial Review, Business Insider, Business Insider and Bloomberg L.P..SoftBank, the Japanese multinational conglomerate,
Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.
DeepSeek is causing havoc throughout the AI industry. U.S.-based tech companies that have heavily invested in AI saw their stocks take a tumble this week after the China-based startup released a new AI model on par with OpenAI's latest model, yet much cheaper to train — plus, DeepSeek made it free and open source.
It’s early days, but there already appears to be a clear buzzword among corporate executives this earnings season: tariffs.
Meta CEO Mark Zuckerberg is said to be eyeing a mansion in Washington, D.C., according to Financial Times. This possible move is seen as a sign of his ambition to work more closely with the Trump administration on key issues like artificial intelligence (AI) regulation.
Microsoft is making DeepSeek's R1 AI model available for developers via Azure AI Foundry and GitHub after "rigorous safety evaluations"
Asian stocks rose and currencies edged higher as traders digested a rate pause by the Federal Reserve and shifted focus to a pair of central bank speeches taking place in the region.
BT Group Plc’s struggling business segment dragged down sales in the third fiscal quarter as the company prepares to carve out the unit.
DAZN posted operating losses of $830 million for 2023, raising further question marks over the financial sustainability of the sports streaming giant. Year-on-year, DAZN is posting losses. The Financial Times reported that,
OpenAI claims to have found evidence that Chinese AI startup DeepSeek secretly used data produced by OpenAI’s technology to improve their own AI models, according to the Financial Times. If true, DeepSeek would be in violation of OpenAI’s terms of service. In a statement, the company said it is actively investigating.
The DeepSeek drama may have been briefly eclipsed by, you know, everything in Washington (which, if you can believe it, got even crazier Wednesday). But rest assured that over in Silicon Valley, there has been nonstop,