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Sterling's Rally Is Not Built To Last Source link
A Google logo displays on a smartphone screen and the European flag on a computer screen.Nikolas Kokovlis | Nurphoto | Getty ImagesEuropean regulators have fined Google 890 million euros ($1 billion), alleging the company gives preferential treatment to its own services. The fine is Google’s first under the European Union’s sweeping Digital Markets Act (DMA) which aims to scrutinize Big Tech’s operating practices in Europe. Shares of Google-parent Alphabet were around 4% lower in premarket trading, but that primarily reflected investor unease over rising AI spending outlined in the company’s earnings report on Wednesday.The European Commission, the EU’s executive arm,…
A Ford logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, on March 27, 2024.David Dee Delgado | ReutersChina automaker Geely will build electric vehicles at a Ford Motor plant in Spain under a new manufacturing joint venture in Europe, the companies announced Thursday.Pending regulatory approvals, the companies said the joint venture will begin operations in the first half of 2027, with the first new vehicles scheduled to roll off the line in 2028. The Valencia, Spain, plant will continue to produce the Ford Kuga in the meantime, according to a news…
T-Mobile raises free cash flow forecast as customers migrate to premium plans Source link
New safeguards focused on “active monitoring” and “improved alignment” helped drastically reduce unintended actions by its models, OpenAI said. New safeguards focused on “active monitoring” and “improved alignment” helped drastically reduce unintended actions by its models, OpenAI said. Credit: OpenAI “If this doesn’t convince you that misalignment risks are going to be a key concern going forward, I don’t know what will,” OpenAI Safety Researcher Micah Carroll wrote on social media regarding the incident. This is far from the first time an AI model has gone to great lengths to find unintended ways of passing a benchmark. In a report…
Millionaires including former footballer Gary Lineker and music producer Brian Eno have written to new prime minister Andy Burnham asking to be taxed more.In an open letter, 120 well-off Britons told Burnham: “We can afford it. We’re not talking about higher taxes on those who get up and go to work for their income every day, but on the very richest whose income is derived from the wealth they hold.”Organised by Patriotic Millionaires, the letter said it would lead to a more equal society, and urged a “devolution of wealth and power from the very richest”. People can already give…
Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.Dublin has urged Brussels to consider the EU’s own need for alumina, the raw material used to make aluminium, as it weighs sanctions that could hit a Russian-owned factory in Ireland accused of fuelling Moscow’s war machine.Ireland’s deputy prime minister and finance minister, Simon Harris, told the FT that the fate of the Aughinish Alumina plant in the country’s south-west is “as much, if not more, a European issue than an Irish issue”.Dublin is expected this week to send the European…
This photograph shows smoke rising from a fire at the Russian e-commerce firm Wildberries’ logistics complexes in the town of Elektrostal outside Moscow on July 18, 2026.Tatyana Makeyeva | Afp | Getty ImagesUkraine has ratcheted up its attacks on Russia’s Amazon-style retail giant Wildberries, signaling a new phase in the war as Kyiv seeks to inflict fresh pain on the Russian economy. Ukrainian Defense Forces have struck major logistics centers on Russian territory over the past week, including five facilities belonging to Wildberries in the period from Saturday through to Wednesday.The attacks, which follow months of drone strikes on Russian…
China’s Geely to make electric SUVs at Ford Spain plant, jointly develop model for Europe Source link
SpaceX, Tesla and X CEO Elon Musk (R) and Google CEO Sundar Pichai attend the presidential inauguration of Donald Trump at the Rotunda of the US Capitol in Washington, on January 20, 2025. Trump takes office for his second non-consecutive term as the 47th president of the United States. Kevin Lamarque | Afp | Getty ImagesShares of Alphabet and Tesla fell in premarket trading on Thursday after both firms signalled increased AI spending, unnerving investors worried about the mounting costs of the artificial intelligence boom. Alphabet shares were around 4% lower, while Tesla’s stock fell over 5% in premarket trading.Stock Chart…