Kering must kick Gucci habit, chief Luca de Meo tells staff

Nvidia has reported a remarkable 62% revenue growth, with CEO Jensen Huang stating that sales are 'off the charts.' This surge in demand for Nvidia's chips reflects the company's strong position in the AI market, as it continues to play a pivotal role in the tech industry.

Minutes from the US central bank's October meeting reveal a significant divide among Federal Reserve officials regarding the potential for a rate cut in December. This schism highlights differing perspectives on the economic outlook and monetary policy direction as the Fed navigates complex market conditions.

Elon Musk's artificial intelligence company, xAI, is reportedly in advanced discussions to raise $15 billion, aiming for a valuation of approximately $230 billion. This fundraising effort reflects the growing interest in AI technologies and the potential for significant investment in the sector.

The article discusses the necessity for an industrial revolution in quantum computing, emphasizing that the development of scalable quantum computers requires advanced technological infrastructure in addition to significant academic research. It highlights the gap between theoretical advancements and practical applications in the field.

Blue Owl has decided to cancel the merger of its private credit funds, a move that could potentially lead to losses of up to 20% for investors involved in one of the funds. This decision reflects the company's cautious approach in navigating the current market conditions.

Lawrence Summers has resigned from the board of OpenAI following scrutiny over his email exchanges with convicted sex offender Jeffrey Epstein. The former U.S. Treasury Secretary announced his decision amid growing criticism and stated he would withdraw from public commitments.

Nokia has announced the separation of its artificial intelligence business into a distinct unit following a $1 billion investment from Nvidia. This strategic move aims to enhance Nokia's growth prospects in the rapidly evolving technology sector, particularly in AI-driven telecommunications.

Nvidia is poised to report its financial performance amid growing concerns about a potential AI bubble. The company's earnings report is expected to significantly impact its stock value, with estimates suggesting a potential $300 billion swing in shares. Investors are anxious as they await the results, reflecting broader market unease.