As the world becomes increasingly dependent on artificial intelligence (AI), concerns surrounding its impact on election integrity are growing. OpenAI, the pioneering startup behind ChatGPT, recently brought these concerns to the attention of a Senate panel. CEO Sam Altman testified, stressing the need for regulations to address potential misuse of AI technology in elections. In…
Nomura, the prominent Japanese investment bank, has made strategic moves to strengthen its coverage of the mobility and automotive sectors in Europe and the United States. The bank has hired two seasoned investment bankers to lead its efforts, aiming to tap into the burgeoning opportunities presented by the sustainability-focused Greentech division. As the industry undergoes…
Stellantis, one of the world’s leading automakers, has raised concerns over the future of the UK’s car industry following Brexit. The company, which comprises popular brands like Vauxhall, Peugeot, Citroen, and Fiat, has stated that the UK needs to reconsider certain aspects of its Brexit deal or face the risk of losing vital parts of…
Lyft Inc, the popular ride-hailing company, has recently made a significant change in its executive leadership. Erin Brewer has been appointed as the new chief financial officer (CFO), replacing Elaine Paul, who will be departing from the company. This transition comes several months after Lyft appointed a new CEO, David Risher, earlier this year. …
UBS Group AG (UBSG.S) has announced that it anticipates a substantial financial impact of approximately $17 billion due to its takeover of Credit Suisse Group AG (CSGN.S). In a regulatory presentation, UBS revealed its projections as it prepares to complete the rescue of its struggling Swiss rival. The estimated negative impact of $13 billion is…
As the advancements in artificial intelligence (AI) continue to reshape industries and societies, the CEO of OpenAI, Sam Altman, has called upon US lawmakers to take regulatory action. Testifying before a US Senate committee, Altman emphasized the need for a new agency to license AI companies, recognizing the incredible potential and risks associated with this…
