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OpenAI has released Sora, its video-generation model, as a product for paying ChatGPT users. The artificial intelligence tool, which converts text to video, has been a major innovation that the San Francisco-based company has been pitching to the film industry this year despite concern that it could pose a threat to jobs in that sector.
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James West is CEO and CIO of Principal Street Partners, which plans to acquire the clients of bankrupt money manager Greenwich Investment Management. Principal Street Partners, a Memphis-based investment firm, will acquire the clients of a bankrupt money manager that specialized in buying high-yield bonds issued for senior living facilities and charter schools. A U.S.
<img src=”https://public.flourish.studio/visualisation/20705605/thumbnail” width=”100%” alt=”chart visualization” /> Municipal bonds were little changed to a touch weaker in spots as investors shifted their focus to the larger new-issue slate ahead while U.S. Treasuries saw losses along the curve and equities closed the session in the red. Municipal yield curves were mostly little changed to weaker by a
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The rebel force that toppled Bashar al-Assad sought to consolidate its control of Syria on Monday, amid fears the change of regime in Damascus could fuel regional instability. Hayat Tahrir al-Sham, a one-time al-Qaeda affiliate,
Every night for the past 13 years, Rana Aankir has dreamt of her son Raed, his delicate drooping eyes smiling at her as he walks out of the family’s front door in Homs. In her dreams, he wears the same red sweatshirt he threw over his shoulders before running off to a protest, something she
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A growing number of EU nations and the UK are pausing the processing of asylum claims from Syrians after the fall of Bashar al-Assad’s government. Germany’s interior ministry said on Monday that more than 47,000
John Wren, the 72-year-old boss of advertising group Omnicom, whose profile is remarkably low in a sector famed for big egos and loud voices, has finally managed to nail the industry-defining deal he has been seeking for over a decade. With the $13bn deal to acquire US rival Interpublic (IPG), announced on Monday in New
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
Palomar Health’s steep operating losses call into question the solvency of the healthcare district.Palomar Health Palomar Health, an Escondido-based two-hospital system, which was downgraded by Moody’s Ratings to junk in October, has reported a $165 million operating loss for the fiscal year ended June 30. Palomar Health is the largest public health care district in
After the deadly collapse of a 12-story condominium tower in the Surfside suburb of Miami, Florida, in 2021, state lawmakers implemented new requirements for older condominiums. Buildings at least 30 years old, like the Champlain tower that fell, have to undergo special inspections, make repairs and gather reserve funds for future maintenance. The deadline is
The latest Water Resources Development Act bill is named after outgoing Senate Environment and Public Works Committee Chair Tom Carper, D-Del.Rachel Wisniewski/Bloomberg The U.S. House of Representatives is poised to vote this week on a sweeping water infrastructure bill that would send billions to flood-control and coastal resiliency projects and revamp a popular transportation loan
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Taylor Swift’s Eras tour made $2.1bn in sales, making it the highest-earning concert run in history and capping off two years of financial and cultural domination for the pop star. The figure covers 10mn tickets
Stay informed with free updates Simply sign up to the UK house prices myFT Digest — delivered directly to your inbox. Only the richest 10 per cent of households in England could afford to buy a house with less than five years of household income in the year to March 2023, while property prices in
Paramount Global’s $8 billion merger with Skydance Media faces a slew of fresh hurdles as it looks to gain US regulatory approval — from controversy over a “60 Minutes” interview with Kamala Harris to objections from the Teamsters union, sources told The Post. The outlook for the mega-deal has grown murkier since Donald Trump won
Amar Lalvani the 49-year-old President and Creative Director for Hyatt, and the man who turned Standard hotels into a huge global brand credits his career to taking risks and embracing uncertainty. In his early 20s, a business trip to Thailand turned into a multi-year stint in Asia. He was initially reluctant to work abroad for
Reclusive billionaire Ira Rennert, owner of the largest estate in the Hamptons, could soon face the spotlight over alleged lead poisoning at a Peruvian mine a lawsuit he has tried to get tossed for nearly two decades. The 90-year-old founder of New York-based family holding company Renco is best known in New York circles for
A federal judge has ordered the U.S. Food and Drug Administration to publicly disclose more information underpinning its authorization of COVID-19 vaccines, after failing to persuade the court to end the public records lawsuit. In a ruling, on Friday, U.S. District Judge Mark Pittman in Fort Worth, Texas, ordered the agency to produce its emergency use authorization
Amidst the annual holiday boom in turkey sales, the United States Department of Agriculture (USDA) is proposing a new rule to reduce salmonella in poultry. That’s a laudable goal, but the actual regulationas is often the caseis being shaped in a way that hurts small farmers and meat processors while helping large agricultural conglomerates. This
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