A NEWSMAX television crew member steam irons a backdrop during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, on Saturday, February 24, 2024. Tom Brenner | The Washington Post | The Washington Post | Getty Images Shares of conservative cable channel Newsmax soared more than 40% in early trading Tuesday, a day after…
OpenAI has raised $40bn (£31bn) through fundraising led by the Japanese group SoftBank, in a deal that values the ChatGPT developer at $300bn. OpenAI said the funding round would allow the company to “push the frontiers of AI research even further”. It added that SoftBank’s support would “pave the way” towards AGI, or artificial general…
The chief executive of Channel 4 said that artificial intelligence companies are “scraping the value” out of the UK’s £125bn creative industries, and urged the government to take action. Alex Mahon told MPs that if the government pursues its proposed plan to give AI companies access to creative works unless the copyright holder opts out,…
The Eli Lilly logo is shown on one of the company’s offices in San Diego, California, on Sept. 17, 2020. Mike Blake | Reuters Eli Lilly is suing two pharmacies for compounding Zepbound and Mounjaro, claiming the companies are skirting the Food and Drug Administration’s ban on the practice and luring people away from Lilly’s…
A pair of UK entrepreneurs selling refillable deodorant cases and manuka honey lip balms made from natural ingredients have reportedly landed a near-£100m payday from the sale of their brand to the global consumer goods group Unilever. Wild, founded by childhood friends Freddy Ward and Charlie Bowes-Lyon, has been bought by Unilever, the maker of…
The Manchester United co-owner Ineos and New Zealand Rugby have announced a settlement has been reached in their sponsorship contract dispute. In February NZR, the federation responsible for the All Blacks team, said it had launched legal action against Sir Jim Ratcliffe’s Ineos after accusing the chemicals firm of failing to pay the first 2025…
Food inflation increased in March, driven by price rises in chocolate and confectionery, while Britons have already splashed out more than £130m on Easter eggs and other seasonal sweets despite the late fall of the holiday. Sales at the UK’s main grocers rose 3.2%, just behind grocery inflation which rose to 3.5% in the month…
UK house prices stagnated last month as London clocked up the lowest price growth in the country, while thousands of Britons raced to complete purchases before the end of a stamp duty holiday. The average price of a home was unchanged at £271,316 in March, compared with February’s 0.4% monthly rise, according to Nationwide building…
“It felt like you were driving in this future dream car,” says Mike Schwede, an entrepreneur based between Zurich and London. For him, driving a Tesla used to feel special. “People on the streets really liked it,” Schwede says. “I got so many thumbs-up.” When Tesla’s CEO, Elon Musk, became a supporter of Donald Trump…
Chelsea appear to have complied with the Premier League’s profitability and sustainability rules (PSR) through player sales by selling the women’s team to the club’s parent company. Chelsea announced they had turned last year’s pre-tax loss of £90.1m into a pre-tax profit of £128.4m for the financial year ending 30 June 2024. The results were…
