SAP Reshuffles AI Oversight as Big Tech Faces Skepticism

Excerpt from Bloomberg: “Oil is set for the biggest quarterly decline since the pandemic and Morgan Stanley is warning of a potential glut ahead as flows through the Strait of Hormuz accelerated following progress on a peace deal between the US and Iran. Alaric Nightengale reports on Bloomberg…”

Excerpt from TheStreet: “Palantir Technologies Inc. (PLTR) confirmed two separate partnerships on Monday, June 29, one with a private aviation startup and one with Nvidia. Most coverage will treat these as routine corporate news. The pattern underneath them is not routine, however. It points to how…”

Excerpt from Bloomberg: “Prime Minister Keir Starmer said he was confident his likely successor, Andy Burnham, would maintain the UK’s commitment to defense, as he laid out plans to invest £15 billion ($20 billion) to modernize the British military.”

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Excerpt from Bloomberg: “The time between a software vulnerability being found and then exploited by a bad actor is shrinking says Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department at the International Monetary Fund. This poses a real threat to financial…”

Excerpt from Bloomberg: “With South Korea already one of the biggest winners of the global AI boom, President Lee Jae Myung is now staking his legacy on a plan to transform the nation’s less developed southwest into a global chip hub.”

Excerpt from Bloomberg: “South Korea, Japan unveil massive investment blueprints.”

Excerpt from Bloomberg: “The Russian regime is likely to remain a threat to its neighbors well after President Vladimir Putin’s time in office ends, the head of Sweden’s military intelligence agency said.”

Excerpt from Bloomberg: “A shortage of job openings in the US is playing a much bigger role in young people’s unemployment than their lack of artificial intelligence skills, according to a new study from the Federal Reserve Bank of St. Louis.”

Excerpt from Bloomberg: “Equirus Capital Pvt is considering raising as much as $60 million in a funding round, according to people familiar with the matter.”

Excerpt from Bloomberg: “SAP SE is divvying up responsibilities for its product and engineering functions in its second top-level reorganization this year, people familiar with the matter said, as Europe’s largest software company grapples with staying ahead of rising artificial intelligence competition.”

Excerpt from Bloomberg: “At Manifest, some tech intellectuals wondered whether Super Bowl bets were really helping humanity.”

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Excerpt from Bloomberg: “A bomb explosion on Monday night in Monaco wounded Vadym Iermolaiev, a local resident who was sanctioned by Ukraine for doing business in occupied Crimea, according to people familiar with the matter.”

Excerpt from Bloomberg: “A superyacht linked to Russian billionaire Alisher Usmanov’s family can no longer be considered frozen under the European Union’s sanctions regime, a Frankfurt court ruled, allowing the shipyard maintaining the vessel to seek payment for years of maintenance.”

Excerpt from TheStreet: “JPMorgan's chief global economist Bruce Kasman titled the bank's mid-year outlook "Promise and Pressure." He published it on June 28. The two words are doing a lot of work in a year that has moved faster than most forecasters expected. The promise is that global growth is…”

Excerpt from Bloomberg: “Former Indonesian Education Minister and Gojek co-founder Nadiem Makarim was found guilty of corruption over a pandemic-era procurement of Chromebooks for schools, a ruling likely to add to investor concerns about how Southeast Asia’s largest economy distinguishes graft from…”

Excerpt from Bloomberg: “Meiji Yasuda Life Insurance Co. aims to buy more than ¥2 trillion ($12 billion) of super-long Japanese government bonds in the fiscal year ending March 2027, doubling its earlier purchase plan on the view that yields have climbed to desirable levels.”

Excerpt from TheStreet: “China’s Zhipu AI says its newest model can find software security bugs as well as Anthropic’s most tightly restricted system. The claim landed this week with no benchmark paper behind it, just a viral post. That hasn’t stopped it from rattling a market already nervous about…”

Excerpt from Bloomberg: “Poland’s companies are selling more shares on the secondary market than ever before in a trend driven by increasingly active local investors.”

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Excerpt from TheStreet: “While travel brings so many people joy, those who do it frequently know that the rush of booking a trip to a new destination is often tempered by the price of the hotel. Accommodation accounts for up to 40% of the trip cost for the average traveler, Hotel News Resource…”

Excerpt from TheStreet: “A new analysis of retirement savings trends from Fidelity Investments reveals a surprising generational shift toward Roth accounts, alongside record-high individual savings rates. Younger workers are increasingly driving growth in tax-advantaged retirement vehicles, heavily…”

Excerpt from Bloomberg: “US index futures steadied on the last day of a quarter that looks set to be the S&P 500’s best in six years. The dollar climbed as the yen slid to its weakest level since 1986.”

Excerpt from Bloomberg: “Russia’s close alliance with Belarus is facing a new test as President Alexander Lukashenko has shown reluctance to deepen his role in Vladimir Putin’s war against Ukraine.”

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