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OpenAI chief executive Sam Altman said he would fast-track product releases and “deliver much better models” after the release of a powerful new model by Chinese start-up DeepSeek undermined Silicon Valley’s lead in a global artificial intelligence arms race. DeepSeek’s generative AI chatbot, a direct rival to ChatGPT, is able to perform some tasks at
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When Italian financial power broker Mediobanca helped its longtime client Monte dei Paschi di Siena structure a make-or-break capital raising in 2022, little did it know it would ultimately become a takeover target for the former poster child of the country’s failed banking system.  On Friday, MPS astonished investors by launching a €13.3bn all-share bid
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has started his second term as predicted: with a fusillade of executive orders, memos, vows, musings and overheated rhetoric. The world has had at least a year to brace itself for
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