Cadillac will add value as 11th F1 team, says McLaren's Zak Brown
The General Motors-backed team have taken staff already from rival outfits, their European headquarters at Silverstone being close to other factories, and are also competing for sponsorship.
Brown, whose team are dominating this year's championship after winning the 2024 constructors' title, saw no reason to fear a dilution of resources, however.
'I think on employees they are definitely going to take a lot more than they give, which is fine,' he said at last weekend's Hungarian Grand Prix. 'My general view is if someone wants to go work for a rival team then shame on me.
ALSO READ | McLaren boss says Formula 1 is healthier without Horner
'For sponsors, I think they'll bring more new to the table than take.'
Brown expected Cadillac also to bring more competition eventually, although it faced a tough challenge as newcomers, and more fans to a series that now has three U.S. rounds and a growing audience in America.
'Will we get a better U.S. TV deal, more American presence? I think their sponsors and Cadillac will spend money in the sport, the teams get a percentage of that so I see them as a value add to the sport,' he added.
'I'm not worried about maybe some of the short term-ness of they are going to take an employee here or there or poach a sponsor here or there. I think the contribution will be bigger than that.'
Cadillac secured approval of their bid in March, after a 764-day entry process and initial opposition from Formula One and the other 10 teams wary of a potential reduction in the share of revenues.
The team are also backed by TWG Global, whose CEO Mark Walter has an estimated net worth of $12.5 billion, according to the Bloomberg Billionaires Index.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Indian Express
4 minutes ago
- Indian Express
OpenAI releases open-weight reasoning models optimised for running on laptops
OpenAI said on Tuesday it has released two open-weight language models that excel in advanced reasoning and are optimized to run on laptops with performance levels similar to its smaller proprietary reasoning models. An open-weight language model's trained parameters or weights are publicly accessible, which can be used by developers to analyze and fine-tune the model for specific tasks without requiring original training data. 'One of the things that is unique about open models is that people can run them locally. People can run them behind their own firewall, on their own infrastructure,' OpenAI co-founder Greg Brockman said in a press briefing. Open-weight language models are different from open-source models, which provide access to the complete source code, training data and methodologies. Separately, Amazon announced OpenAI's open-weight models are now available on its Bedrock generative AI marketplace in Amazon Web Services. It marks the first time an OpenAI model has been offered on Bedrock, said Atul Deo, Bedrock's director of product. 'OpenAI has been developing great models and we believe that these models are going to be great open-source options, or open-weight model options for customers,' said Deo, in an interview. He declined to discuss any contractual arrangements between AWS and OpenAI. Amazon shares tumbled last week after the company reported slowing growth in its AWS unit, particularly compared with rivals. The landscape of open-weight and open-source AI models has been highly contested this year. For a time, Meta's Llama models were considered the best, but that changed earlier this year when China's DeepSeek released a powerful and cost-effective reasoning model, while Meta struggled to deliver Llama 4. The two new OpenAI models are the first open models OpenAI has released since GPT-2, which was released in 2019. OpenAI's larger model, gpt-oss-120b, can run on a single GPU, and the second, gpt-oss-20b, is small enough to run directly on a personal computer, the company said. OpenAI said the models have similar performance to its proprietary reasoning models called o3-mini and o4-mini, and especially excel at coding, competition math and health-related queries. The models were trained on a text-only dataset which in addition to general knowledge, focused on science, math and coding knowledge. OpenAI did not release benchmarks comparing the open-weight models to competitors' models such as the DeepSeek-R1 model. Microsoft-backed OpenAI, currently valued at $300 billion, is currently raising up to $40 billion in a new funding round led by Softbank Group.

The Hindu
4 minutes ago
- The Hindu
OpenAI eyes $500 billion valuation in potential employee share sale: Report
ChatGPT maker OpenAI is in early talks for a potential secondary stock sale that would allow current and former employees to sell shares, valuing the company at around $500 billion, a source familiar with the matter told Reuters on Tuesday. Bloomberg was first to report the news. The Microsoft-backed company aims to raise billions through the sale, with existing investors, including Thrive Capital, expressing interest in buying some of the employee shares, the source said. Thrive Capital declined to comment on a Reuters request. Separately, OpenAI is still in the process of raising $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation to advance AI research, expand computational infrastructure and enhance its tools.
&w=3840&q=100)

Business Standard
4 minutes ago
- Business Standard
Pak will not develop closer ties with US at cost of China: Chinese Experts
As US President Donald Trump has ramped up his country's ties with Pakistan, China's all-weather ally, Chinese strategic experts say Islamabad understands the limits given his strategy to contain Beijing's global influence. Last month, Pakistan's army chief, General Asim Munir, made his first official visit to China since assuming office as field marshal. His visit came shortly after a rare five-day trip to Washington, where he attended a private luncheon with Trump. That meeting culminated in Trump's announcement of enhanced US-Pakistan cooperation in various fields, including an oil deal. According to a recent "Economist" article, the outcome of General Munir's US visit marks a shift in American foreign policy, with implications not only for India but also China and the Middle East. During his time in Beijing, General Munir met with Vice President Han Zheng, Foreign Minister Wang Yi and senior members of the People's Liberation Army (PLA), though not with President Xi Jinping. This contrasts with his predecessor, General Qamar Javed Bajwa, who met Xi during his 2018 trip to China. While official readouts from Munir's meetings emphasised diplomatic niceties and reiterated strong bilateral ties, Beijing's perception of the Trump-Munir rapport remains unclear -- especially given Trump's overt strategy to curb China's rise as a global power. Beijing has its concerns considering the decades-long investment fostering an all-weather relationship with Pakistan. Two Chinese senior strategic experts PTI spoke to outlined for the first time China's view on the emerging new Washington-Islamabad strategic paradigm in the broader context of Trump's geopolitical strategy. "Pakistan will not develop its relations with the US at the cost of its relation with China," Hu Shisheng, Director of the Institute for South Asian Studies at the China Institutes of Contemporary International Relations, said. "Pakistan will not be that easily hooked by Trump," Hu, regarded as an expert on South Asian politics, said. Jesse Wang, a research fellow at Huaxia South Asia Economic and Cultural Exchange Centre of China, said "on the surface, Trump's candy to Pakistan looks like a disturbance to China, but actually, cannot affect the structural stability of the Sino-Pak relationship". "The US intervention has created short-term geopolitical noise but is unlikely to shake the foundation of China-Pakistan dependence," he said. "For Pakistan, 'make profits both ways' economically is a rational choice, but its security and infrastructure lifelines are tied to China closely, and the strategic balance has not tilted," Wang said. Both argue that China-Pakistan ties are structurally far deeper for Islamabad to breakaway to forge another similar relationship. Historically, Pakistan's ties with the US and China have largely unfolded in parallel over long periods without cancelling each other out, Hu said, in an apparent reference to Pakistan joining the American war against the then Soviet Union's occupation of Afghanistan in 1979 and the Afghan war thereafter. "The China-Pakistan relationship is a unique bilateral bond that has withstood the test of time," he said. "Of course, the Trump team expects to see Pakistan getting away from China but Pakistan will not buy the story," he said. "Pakistan's strategic value or bargaining position with the US depends on Pakistan's close relations with China," Hu said. Wang said Trump's advances to Pakistan bared Washington's policy towards South Asia. "For China, the US-Pakistan cooperation has exposed the US' intentions in South Asia, and has also forced China to accelerate regional mechanism building," he said. "The Sino-Pak relationship is like an 'alloy steel' -- external pressure has instead prompted it to evolve into a higher strength and the US' wedge strategy will ultimately be constrained by Pakistan's balancing wisdom and the complex geopolitical reality in South Asia," he said. On Trump's new harsh policy towards India, both the scholars said the US policy is still evolving. On Trump's rhetoric with threat to impose high tariffs on India, Hu said it does not signify that the Trump team denies India's geostrategic importance. Rather, it stems from the Trump administration's urgent desire for India to play a substantive role in bolstering the US supremacy and countering China's rise," he said. Essentially, it reflects Trump's extreme frustration with India's insistence on "strategic autonomy", he said. "Furthermore, this aligns with Trump's art-of-the-deal approach: applying maximum pressure to secure desired concessions," Wang said. If India holds firm with strategic resolve, Trump may well revert to a more conciliatory stance towards the country, he said. "After all, regarding constraining China's rise, the US harbours higher expectations for India than for its formal allies, recognising India's superior comprehensive strength for this role," he said. Alternatively, India could pressure the Trump team by accelerating rapprochement with China, he said. Wang said since the Clinton administration, as India's position in the US national security strategy has continuously risen, successive US presidents have shown increasingly refined strategic sensitivity in handling bilateral relations with India, but this trend is currently rapidly weakening. Trump has completely abandoned the logic of "strategic altruism", marking a fracture in the "structural expectations" and a sharp turn in the "strategic dependence" in India-US bilateral interactions, which may prompt India to reassess the substantive value of its friendship with the US, he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)