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Nik Storonsky, CEO of Revolut, expressed concerns about the UK stock market's liquidity and high transaction costs compared to the US. He indicated that a public listing in the US is more appealing for the fintech company, which recently achieved a $45 billion valuation. Barclays' CEO echoed similar concerns about the UK market's decline.
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Several AI startups are making strides in audio technology and customer service. PyannoteAI is developing speaker diarization for better audio transcriptions, while ElevenLabs and Pocket FM are enhancing podcast creation and content production using AI. Meesho's voice bot is improving customer interactions in India, showcasing the growing impact of AI in various sectors.
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Intel's CEO Pat Gelsinger has resigned amid significant financial losses and competitive pressures from rivals like Nvidia. Interim leaders David Zinsner and Michelle Johnston Holthaus will guide the company as it seeks a new CEO while grappling with a 52% drop in stock value this year and a $16.6 billion quarterly loss.
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Elon Musk's net worth has soared to approximately $455 billion, driven by a significant rise in Tesla shares and a $1.25 billion insider share sale at SpaceX. This marks a historic increase, making him the wealthiest person globally, with substantial implications for his business ventures and political influence.
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Donald Trump hosted Akie Abe, widow of former Japanese Prime Minister Shinzo Abe, at Mar-a-Lago, raising concerns about his relationship with Japan's current Prime Minister Shigeru Ishiba. Analysts suggest this meeting signals a message to Ishiba regarding US-Japan relations as Trump prepares for his inauguration.
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At a press conference on December 16, 2024, Masayoshi Son, CEO of SoftBank, announced a $100 billion investment in U.S. projects, aiming to create 100,000 jobs, particularly in artificial intelligence. This follows a similar pledge made in 2016, raising questions about the feasibility and impact of such commitments.
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On December 17, 2024, electors across the U.S. formally confirmed Donald Trump's election victory, securing 312 electoral votes against Kamala Harris's 226. This follows Trump's recent cabinet nominations and ongoing legal challenges, including a rejected bid to overturn a hush money conviction.