Nvidia becomes the bank of AI
Wall Street groups are working with the chipmaker to assemble a $500bn funding package for AI infrastructure
Banks’ refusal to take on crypto firms risks stunting UK industry’s growth, lawmakers say
Parliamentary group asks lenders to clarify rules for serving crypto companies
Why the BoE needs more parliamentary attention
Further scrutiny and accountability would strengthen independence
Hong Kong set to include trading firms in ‘big bang’ tax reforms
Proposal is part of push by the Chinese territory to compete with Singapore for top-tier financial talent
Wall Street giants partner with Nvidia on $500bn AI financing deal
Apollo, Blackstone and Goldman Sachs are among groups working with chipmaker to raise capital for data centre boom
The AI Boom Runs on an Even More Dangerous Machine (Part 1)
AI is powered by more than algorithms – underneath is a flawed, decades-old corporate operating system that redirects gains away from workers. The good news: It doesn’t have to be this way. Part of “AI and the Future of the American Worker,” a series on how artificial intelligence is impacting labor, power, and the meaning of work.
Thomas Ferguson isn’t easily surprised. He’s spent decades following the trail of money through America’s economy and political system, exposing patterns people like Jeff Bezos might prefer you didn’t see.
Start-up bank backed by Palmer Luckey set to raise $1.5bn
Funding values Erebor at $8bn, underscoring growth of lender supported by Silicon Valley investors
Industrial Production slows to 1.1% YoY in June as only manufacturing grows
Greece’s Industrial Production Index (IPI) slowed in June with a rise of 1.1 percent year-on-year (YoY), from 3.7 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Revolut wins French banking licence
Authorisation from regulator accelerates UK-headquartered fintech’s European expansion plans
Canals cool down cities during heatwaves – new research
A canal boat moored on the Regent's Canal in London. BBA Photography/ShutterstockCanals in Great Britain and Ireland cool city neighbourhoods up to 50 metres from their banks, particularly during heatwaves.
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