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ChatGPT to carry adverts for some users
Posted onZoe KleinmanTechnology editor Getty Images Adverts will soon appear at the top of the AI tool ChatGPT for some users, the company OpenAI has announced. The trial will initially take place in the US, and will affect some ChatGPT users on the free service and a new subscription tier, called ChatGPT Go. This cheaper option…
Daily Telegraph: RedBird Capital pulls out of deal to buy newspaper
Posted onUS investment group RedBird Capital has pulled out of a deal to buy the Daily and Sunday Telegraph for £500m. RedBird had a previous attempt to buy the Telegraph rebuffed by politicians as it was majority-funded by Abu Dhabi’s IMI group – which is owned in turn by the Abu Dhabi royal family. A law…
Nationwide fined £44m for inadequate crime controls
Posted onNationwide has been fined £44m for not having the right processes in place for detecting financial crime between 2016 and 2021. The building society had “ineffective systems” for assessing risk and monitoring the transactions of its customers, the Financial Conduct Authority (FCA) said. In one instance, Nationwide missed opportunities to identify unusual activity after £26m…
Boxing Day sales fall flat once again
Posted onFaarea MasudBusiness reporter Getty Images Boxing Day sales have seen a muted start as shoppers continued to shun bricks-and-mortar stores in favour of online. By 3pm, visits to UK high streets were down 1.5% on 2024, while shopping centres saw a 0.6% fall, according to data from MRI Software. MRI’s footfall data showed retail parks…
US inflation rises ahead of key interest rate decision
Posted onDanielle KayeBusiness reporter Reuters US inflation rose in August at the fastest pace since the beginning of the year ahead of a key Federal Reserve meeting where it will decide whether to cut or hold interest rates. Consumer prices increased 2.9% in the year to August, up from 2.7% the previous month, according to the…
