BUSINESS
Google pins its hopes on Gemini to leapfrog GPT-4
Top-of-the-range Ultra is the search group’s best weapon in the race to turn generative AI into a useful everyday tool
BUSINESS
Mohamed El-Erian: The peculiar market divide on the rate outlook
Investors should beware of disregarding the signals emitted by the Fed
BUSINESS
GitLab: AI tools are key to raising net retention rates
The technology can help software development company expand the range of services clients buy
BUSINESS
Investors hope for road map for China’s economy
Even as Beijing tries to focus policies away from investment in infrastructure and property, investors are seeking indications of how it plans to arrest a liquidity crisis among developers and how far policymakers intend to support struggling local governments
BUSINESS
Gold’s weird rally
The metal has tried and failed for three years to break its ceiling of $2,050 or so. And the forces now boosting it may not have enough kick to keep prices rising
BUSINESS
Elon Musk/X: one-man band will face wrath of stakeholders he dismissed
Internal equity valuation of $19bn in October would be vastly lower today
BUSINESS
Too little. Too late. Too slow. But could COP yet turn the tide on climate change?
We started too late. We are going too slowly. A peak in global emissions seems closer than ever, even though the dramatic falls needed are still very hard to imagine
BUSINESS
How fast can Big Tech grow?
A 2028 p/e ratio is only as good as the growth estimates backing it.
MARKETS
Charlie Munger, Berkshire Hathaway vice-chair, 1924-2023
He told acolytes that they “should recognise reality even when one doesn’t like it” and that “there isn’t a single formula” for success in business or investing
BUSINESS
Gold: the consequences of war are shock and Au
Central banks’ gold purchases are not just providing demand. They also signal a more fractious global order
BUSINESS
Investors dump dollar in bet that US rates have peaked
Asset managers sell greenback at fastest pace in a year as market prices in more rate cuts next year
BUSINESS
OpenAI turmoil exposes threat to Microsoft’s investment
Satya Nadella’s bet on AI start-up destabilised by shock sacking of Sam Altman
BUSINESS
How Silicon Valley reunited Sam Altman and OpenAI
With the AI start-up’s future in peril, venture capitalists mounted an extraordinary campaign to reinstate the charismatic CEO
BUSINESS
The Sam Altman effect: ‘His superpower is getting people onside’
Ousted OpenAI chief inspires staff and investors as leader of the generative AI revolution
BUSINESS
OpenAI/Microsoft: non-profit’s mission is at odds with its biggest investor
The AI company depends on Microsoft’s cloud computing resources and the $10bn investment it pledged
BUSINESS
China’s rise is reversing
The past two years have seen the largest drop in the nation’s share of global GDP since the Mao era
BUSINESS
China stocks: Panda bearishness should counter any buy signal
No number of cute pandas can offset the asset deflation threatening the property sector
BUSINESS
The US-China currency wars are in an unstable lull
If Beijing returns to promoting export-led growth, tension over exchange rates may return
BUSINESS
The case for loosening is getting stronger
As inflation eases, central banks now find themselves at the most difficult point in the policymaking cycle
BUSINESS
Private equity faces a reckoning
The change in circumstances is dramatic after decades of triumphalist money making
BUSINESS
What we know about generative AI and the white-collar worker
Some jobs are vulnerable to automation but if you’re a ‘cyborg’ or a ‘centaur’ you can work better with robot help
BUSINESS
Can Japan ever pass the ‘Buffett horizon’?
The country should pause to consider what would happen if the talismanic investor decided to walk away
BUSINESS
Claudia Sahm: ‘We do not need a recession, but we may get one’
The former Federal Reserve economist on talk of a recession, the battle to tame inflation and the difficulties of forecasting
BUSINESS
Will US voters believe they are better off with Biden?
Under pressure after a string of damning polls, the US president is resting his hopes for re-election on his personal economic blueprint
