
AIB Expects Irish State Share to Reduce to Single Digits by May
'That proposal will need to be voted on by our shareholders on May 1 at our AGM. And if it were successful, which I expect it will be, and if we were able to transact with the government, that would reduce their shareholding by another 7%, leaving them at 5%,' Donal Galvin said in an interview with Bloomberg.

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Crypto Companies Are Overvalued: Kraken CEO
Kraken CEO Arjun Sethi believes that a lot of crypto companies are overvalued and that any company that gets into a category of a meme tend to be overvalued as well. He explains more on 'Bloomberg Crypto.' (Source: Bloomberg)
Yahoo
an hour ago
- Yahoo
Nexstar to Buy Tegna for $3.5 Billion in Bet on FCC Reforms
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Yahoo
an hour ago
- Yahoo
Meta is shaking up its AI org, again
On Friday, The Information reported that Meta was preparing to tear down its existing AI org and reorganize it into four new groups. Four days later, the change has been made official with an internal memo, as reported by Bloomberg and The New York Times. The changes were announced by Scale AI founder Alexandr Wang, who joined Meta as chief AI officer in June. Meta's new organization for AI will be called the Meta Superintelligence Labs, or MSL. The centerpiece is a new group called TBD Labs, which will be run by Wang. The group will focus on foundation models like Llama series, which had its latest release in April. The other three groups will focused on research, product integration, and infrastructure respectively. Meta has put significant resources into revamping its AI organization in recent months in response to concerns that it was being outpaced by rivals like OpenAI, Anthropic and Google DeepMind. Mark Zuckerberg has been personally involved in recruitment for the new group, per a June report from Bloomberg. We're always looking to evolve, and by providing some insight into your perspective and feedback into TechCrunch and our coverage and events, you can help us! Fill out this survey to let us know how we're doing and get the chance to win a prize in return! Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data