Founders of Wise and Skype raise $436 million to build tech giants in Europe
Plural, a venture firm set up by the founders of Wise, Skype and Songkick, raised 400 million euros ($436.4 million) for a new fund.
Tech execs say a type of AI that can outdo humans is coming, but have no idea what it looks like
Leaders from the likes of OpenAI, Google DeepMind and Cohere see a form of AGI approaching, but say that it’s still too early to tell what it’ll look like.
European markets close lower, losing positivity seen at the start of the week; Volkswagen up 5%
European markets turned lower Tuesday, shedding the air of positivity seen in the previous trading session.
Ericsson warns of 2024 market decline despite fourth-quarter earnings beat
Ericsson said it expects further decline in 5G gear demand from mobile operators this year after beating fourth-quarter operating profit expectations.
World’s largest hedge funds record bumper year of profits, research shows
The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed Monday.
CNBC Daily Open: Markets’ upbeat sentiment
The market rally could be driven in part by rising investor optimism that the U.S. economy could manage a soft landing,
China is weighing measures to prop up its stock markets, could reportedly mobilize $278 billion
China is weighing a rescue package backed by offshore money to stave off a slump in its struggling stock markets, according to Bloomberg News.
Bank of Japan retains its ultra-loose policy, says 2% inflation target is in sight
All economists surveyed by Reuters expected the Bank of Japan to maintain its negative rate policy this month — making the BOJ the world’s only central bank with negative rates.
ADM shares plunge 24% in worst day since 1929 as CFO is placed on leave
Shares of Archer-Daniels-Midland plunged 24% on Monday, its biggest one-day drop since 1929.
CNBC Daily Open: Markets upbeat mood
The market rally could be driven in part by rising investor optimism that the U.S. economy could manage a soft landing,
