Authors: Ronen Palan and Anastasia Nesvetailova 2023-06-09 Podcast: The future of – Owen Bennet-Jones How common is financial malpractice in big, well known financial companies? Is it so common that it should really be seen as a business model more than an occasional aberration by rogue traders? These are questions posed by Ronen Palan and Anastasia Nesvetailova in their book Sabotage: The Business of Finance (PublicAffairs, 2020). Listen to Owen Bennett-Jones discuss the future of big finance with Anastasia Nesvetailova. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He … Continue reading book-Sabotage: The Business of Finance

Financial Times Brit­ish Air­ways, Boots and the BBC were among the com­pan­ies to warn employ­ees yes­ter­day they had been affected by the breach that hit soft­ware used by Zel­lis, the UK payroll pro­vider that serves nearly half of the FTSE 100. The BBC, which has about 20,000 work­ers, and Boots, the phar­macy retailer that employs more than 50,000, aler­ted staff to the poten­tial breach, which affected their names, dates of birth and National Insur­ance num­bers. Brit­ish Air­ways, which in 2020 was fined £20mn for leak­ing cus­tomer data, said it would “provide sup­port and advice” to rel­ev­ant staff. The hack exploited … Continue reading Staff data stolen from BA, BBC and Boots by ‘hack and leak’ cyber gang

The release of Apple Vision pro and VisionOS highlighted this once more. The other much larger one is advent of AI. Using the category “tech companies” is a convenient term to reference against lOil companies, industrials and bonds. I would submit that the current categories risk missing shifts that are significant to the the industries but more important could be industrial change that alters business and employment. I am not comparing AI and Spatial Computing rather pointing out the media and in particular the investment news media perform a poor job and worse downplay most new change reducing it to … Continue reading Media like to keep stocks in convenient categories (AI-E4)

Binance and flouting of regulation is covered in this blog. I am still shocked these companies and FTX earlier were treated with such positive attitude by regulators and this action has been a long time coming. Here is the news coverage. Jun 5, 2023 3:55 PM EDT Cryptocurrency exchange Binance mishandled funds and violated securities laws, SEC lawsuit saysPBS WASHINGTON (AP) — The world’s largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC. Filed in … Continue reading SEC gets serious about crypto flouting rules banks abide by

British Airways, Boots and BBC among companies hit by cyber security attack FT British Airways, Boots and the BBC were among the groups to warn employees on Monday they had been affected by the breach that hit software used by Zellis, the UK payroll provider which serves nearly half of FTSE 100 companies. The BBC, the national broadcaster with about 20,000 workers, and Boots, the pharmacy retailer that employs more than 50,000, alerted staff to the potential breach which affected their names, dates of birth and National Insurance numbers. British Airways, which in 2020 was fined £20mn for leaking customer … Continue reading British Airways, Boots and BBC among companies hit by Russian cyberattack

KEY POINTS Microsoft’s agreement with CoreWeave could be worth billions of dollars over multiple years, people familiar with the matter said. CoreWeave offers Nvidia graphics cards that other companies rent out. Nvidia has invested $100 million in CoreWeave, which in April was valued at $2 billion. In this article Microsoft CEO Satya Nadella Jordan Novet | CNBC Microsoft’s massive investment in OpenAI has put the company at the center of the artificial intelligence boom. But it’s not the only place where the software giant is opening its wallet to meet the surging demand for AI-powered services. CNBC has learned from … Continue reading Microsoft’s agreement with CoreWeave could be worth billions

Palantir plans to provide information on Thursday (Jun 1st I believe) at an event in Palo Alto, California, featuring customers that are using its technology along with its own executives. Both Palantir and Nvidia are doing a good job at maintaining the PR momentum with real developments. Tags #AI #Palantir Continue reading Palantir plans information meeting Thursday