Anthropic taps IPO lawyers as it races OpenAI to go public

The London Stock Exchange Group Plc has entered into a partnership with OpenAI to provide ChatGPT with access to its licensed financial news and data, marking a significant step in integrating advanced AI technology into financial services.

In November, US private employers reduced their workforce by 32,000 jobs, indicating a significant contraction in the labor market, particularly among small businesses. This decline follows a trend of decreasing payrolls, as highlighted by recent data showing an average loss of 13,500 jobs per week in early November.

Brussels is proposing emergency powers to raise €210 billion from frozen Russian assets to fund Ukraine, marking a significant shift in EU financial strategy amid ongoing conflict. This initiative aims to provide critical support to Ukraine's defense and recovery efforts as it faces persistent challenges from Russia.

Governments are increasingly looking to public funds to support spending and infrastructure projects, raising concerns among investors about the prioritization of stakeholder interests over political agendas. This trend reflects a growing tension between governmental financial strategies and market stability.

The European Union's single market faces significant challenges due to small, often overlooked barriers to trade, which impact businesses across the continent, exemplified by the case of Ikea's products. These barriers hinder the seamless flow of goods and services, raising concerns about the effectiveness of the single market in promoting economic integration.

Generative AI is experiencing a rapid evolution through the 'hype cycle', highlighting the need for organizations to adapt their corporate culture and work practices to fully leverage its productivity potential. As companies increasingly recognize the capabilities of generative AI, the focus shifts towards integrating this technology into their operations.

The Trump sons’ bitcoin venture has seen a dramatic decline, shedding nearly 40% of its value amid ongoing turmoil in the cryptocurrency market, as investors rushed to cash out following the end of a lock-up period. This significant drop reflects broader instability in digital assets, particularly as Bitcoin has faced a series of losses recently.

OpenAI CEO Sam Altman has declared a 'code red' to enhance ChatGPT, prioritizing its development over other projects. This urgent internal memo, reported by The Information, comes amid increasing competition from Google's Gemini chatbot, which poses a significant threat to ChatGPT's market position.