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[ad_1] New York CNN  —  In the weeks before last fall’s election, shares of Trump Media & Technology Group spiked as traders bet Donald Trump would return to the White House and make Truth Social the platform for presidential communications. Those wagers proved prophetic – if not lucrative. Voters did return Trump to the White House and Truth Social is now the way the commander-in-chief announces everything from major military strikes to new fronts in the trade war. And yet, many who own shares in the company with the ticker symbol “DJT” are sitting on sizable losses. Despite Trump’s victory,…

[ad_1] For Microsoft’s CEO, Satya Nadella, the biggest challenge with AI isn’t building or deploying it — it’s getting people to change the way they work.Work processes need to shift with tech advancements, Nadella said during a fireside chat hosted by Y Combinator.”When someone says, ‘I’m going to now do my job, but with 99 agents that I am directing on my behalf,’ the workflow is not going to be constant,” he said. “Even the scope of your job is going to change.”Change management is the main bottleneck, Nadella said in the conversation, which was published Thursday.He pointed to LinkedIn,…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a former global head of equity capital markets at Bank of America and is now a managing director at Seda ExpertsSometimes a capital markets deal exposes the machinery of political power. The Italian government’s sale of Monte dei Paschi di Siena shares in November — which raised some €1.1bn — shows that while European governments want to trim their holdings in major banks, they are far less eager to give up control.The Financial Times has reported that the…

[ad_1] Stay informed with free updatesSimply sign up to the Fund management myFT Digest — delivered directly to your inbox.Investors are fleeing long-term US bond funds at the swiftest rate since the height of the Covid-19 pandemic five years ago as America’s soaring debt load tarnishes the appeal of one of the world’s most important markets. Net outflows from long-dated US bond funds spanning government and corporate debt have hit nearly $11bn in the second quarter, according to Financial Times calculations based on EPFR data. The second-quarter exodus is on track to be the biggest since severe market turbulence in…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Private equity-backed software group Visma has chosen London over Amsterdam for the planned initial public offering of the €19bn software company next year, scoring a rare win for the UK’s beleaguered stock market.British buyout firm Hg has owned Visma, which provides small to medium-sized businesses with accounting and payroll software, since 2006 when it took the company private at a valuation of about £380mn. Since then the UK-based private equity firm has repeatedly reinvested in Visma through its newer funds and…

[ad_1] Climatiq, a startup that’s built an AI-enabled platform for companies to collect and automate their carbon emission data, has secured a $11.6 million Series A led by Alstin Capital.The Berlin startup’s tool analyzes everything from supply chain data to purchase orders to calculate a company’s scope 3 emissions, which measure its indirect carbon footprint.”If you’re building any other kind of software, there are existing APIs — but not for carbon emissions. So we’ve built an infrastructure for carbon tooling,” Climatiq’s cofounder and CEO, Hessam Lavi, told Business Insider in an interview.Scope 3 emissions, which typically represent around 90% of a company’s…

[ad_1] Bill Winters, the CEO of Standard Chartered, said the MBA he received from the University of Pennsylvania’s Wharton School wasn’t the best use of his time.Winters was speaking to Bloomberg’s Francine Lacqua in an interview that aired Tuesday when he was asked about the advice he would give to a teenager on what to study.”I studied international relations and history. I got an MBA later, but that was a waste of time,” Winters said of his own education.A representative for Standard Chartered said the firm had no further comments on Winters’ remarks. Wharton did not respond to a request…

[ad_1] Aaron Sorkin is returning for a sequel to his Oscar-winning film, “The Social Network.”A source familiar with the project confirmed to Business Insider that Sorkin will work with Sony Pictures to write and direct “The Social Network Part II,” inspired by The Wall Street Journal’s 2021 investigative series, The Facebook Files. The entertainment news platform Deadline was the first to report on the sequel.While the 2010 film chronicled Facebook’s founding, the source confirmed to BI that the new sequel will examine the tech giant’s societal impact on youth mental health and misinformation and touch on the January 6, 2021,…

[ad_1] I went to Shanghai for the first time in 1987. My grandma had died, and the family plan was to spend a month in China.It was my Chinese father’s first trip back since he’d immigrated to the US in the late 1960s.Sleeping in my father’s family’s home, meeting relatives for the first time, sharing meals, hearing Mandarin all around me, and navigating the maze of their neighborhood marked the beginning of my connection to Shanghai.My Shanghainese father met my Mexican mother near Los Angeles in the 1970s, and I grew up speaking English and Spanish. I even chose Spanish…

[ad_1] A federal judge sided with Meta on Wednesday in a lawsuit brought against the company by 13 book authors, including Sarah Silverman, that alleged the company had illegally trained its AI models on their copyrighted works. Federal Judge Vince Chhabria issued a summary judgment — meaning the judge was able to decide on the case without sending it to a jury — in favor of Meta, finding that the company’s training of AI models on copyrighted books in this case fell under the “fair use” doctrine of copyright law and thus was legal. The decision comes just a few…