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California Governor Gavin Newsom’s decision to veto Senate Bill 1047, which aimed to introduce first-in-the-nation safety regulations for artificial intelligence, has ignited a fresh debate over AI governance, innovation, and public safety. While supporters of the bill argued it was necessary to ensure AI developers adhere to safety protocols, the decision reflects the complex balance…
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Jeremy Powell, Chair of the Federal Reserve (aka the Fed), the central bank of the United States, will be giving his interest rate decision in a few hours. It will be one of the most watched commentaries with financial market participants trying to assess whether this is the beginning of the end of interest rate…
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Summary of Preqin’s 2022 Global Hedge Fund Report: • Returns across the asset class were up 11.43% (as of September 2021, +15.52% annualised). • Event-driven funds topped the leader board, recording returns of +17.53%, ahead of equities at +14.85% • Hedge funds’ assets under management (AUM) passed the USD4 trillion mark at the end of…