This year is proving one of the weakest for European IPOs since the financial crisis, with many EU and UK firms likely listing in the US instead, seeking higher valuations amid flatter ECB and BOE rate-cut paths.
The US and China are locked in a race to be the first to achieve artificial general intelligence. The winner will benefit from faster economic growth, a more lethal military and a powerful new tool of economic statecraft.
The surging electricity demand from AI is leading to record private equity investments in utilities and renewable energy, with deals on track to exceed $150 billion.
