Bernard Arnault says he made an early investment in Netflix, and regrets selling it prematurely. LVMH’s billionaire CEO discussed the bet during a rare interview on the “Legend” podcast, aired earlier this month. Speaking in French, Arnault told host Guillaume Pley his family office acquired “nearly 20% of Netflix” shortly after its launch, and the…
Some people fear heights. Others fear the dark. Some increasingly fear ending up in a stranger’s Instagram Reel, recorded without their knowledge by a pair of what the internet has taken to calling “pervert glasses.” These would be the same Ray-Ban Meta glasses that Mark Zuckerberg has spent years pitching as one of AI’s first…
Banks and financial institutions have doubled their cybersecurity insurance cover over the past five years to as much as $100 million, as rising cyberattacks, higher claim severity, and tighter regulatory scrutiny push lenders to seek greater protection against digital risks. The sum insured taken by banks has risen to $50-100 million in…
OpenAI CEO Sam Altman says he doesn’t believe people would want an AI to replace his job. “I think for my job, for example, I think the world wants to know about the person that’s going to be responsible for the decisions of a company, and who they’re going to hold accountable if they make…
Corn price action is just fractionally higher on Tuesday morning trade. Futures were in retreat mode on Monday with contracts down 2 ½ to 13 ½ cents, across the board, led be the front months. Open interest was down 14,035 contracts, mainly in September and December. Contracts were pressured by an improving weather forecast and…
Time is running out to recognize the women leading Canada’s wealth management industry forward. Nominations for Wealth Professional’s Leading Women in Wealth 2026 close this Friday, July 31, and this is your last opportunity to ensure the right leaders are seen. From driving innovation and delivering exceptional client outcomes to mentoring teams and shaping strategy,…
Key Points: Mediators involved in the Middle East conflict reportedly believe the U.S. and Iran are nearing an agreement that would revive a previously failed memorandum of understanding. According to The Times of Israel, cited by Fox News, negotiators from Pakistan, Egypt, and Qatar have been working to clarify how shipping through the Strait of…
To counter major cyber threats, Danmarks Nationalbank is pioneering an offline emergency payment system. This article appears in the July/August issue of Global Finance Magazine. Danmarks Nationalbank, the Danish central bank, has launched a financial systems security project to establish a Dormant Emergency Bank (DEB) to serve as a robust reserve bank in the event…
Amazon is reportedly phasing out several in-house artificial intelligence (AI) models in a larger AI overhaul. The tech giant is also reorganizing teams and having engineers focus on a new strategy that involves competing at the frontier level, Business Insider reported Tuesday (July 28), citing sources familiar with the matter. The report noted that these…
Fund and asset management is expected to be completely changed by artificial intelligence (AI). What is interesting, though, is the rapidity of this change, as it is predicted to undergo a transformation in the next 12 months. ClearWater Analytics anticipates that the entire fund management stack will be completely different. ClearWater Analytics is a natively…