Thibault Spirlet/Business Insider
Ferrari CEO Benedetto Vigna used a round table in Modena on Thursday to defend the €550,000 ($640,000) price tag for the Luce, the company’s first fully electric vehicle. The car was unveiled on Monday. By Tuesday, Ferrari’s Milan-listed stock had fallen 8%. Vigna said the price was fair for innovation and that the Luce has […]
Denmark’s AkademikerPension, which manages roughly $25 billion for academic professionals, has said it will not participate in SpaceX’s initial public offering or buy shares in any secondary-market transaction, according to Bloomberg. Chief investment officer Anders Schelde called the company “grossly overvalued” and cited what he described as a “catastrophic governance structure” as the primary reason for the […]
Governor Fabio Panetta used the central bank’s annual assembly to pitch AI as a fix for Italy’s chronic productivity problem, and to say the bank is already engaging the firms building it. Central bankers do not usually go out of their way to say which technology companies they are speaking to. Fabio Panetta did. At […]
The world’s largest sovereign wealth fund does not often pick a fight with a company it owns. When it does, the size of the holder makes the gesture hard to ignore. Norges Bank Investment Management, which runs Norway’s $2.3 trillion oil fund, will vote in favour of shareholder proposals calling for a human-rights review at […]
Independent research by DutchBasecamp and Ogni, based on 150+ founder perspectives across Europe, will be revealed at an exclusive Amsterdam event co-hosted with CCIA Europe on June 30. Across Europe, startup and scale-up founders are increasingly warning that fragmented and overlapping digital regulation is slowing down innovation, delaying expansion, and making it harder tocompete globally. […]
The formal opening of Anthropic’s sixth European office lands the same week as Pope Leo’s AI encyclical, with the company naming a roster of Italian enterprise deployments. nthropic formally opened its Milan office on Wednesday, the sixth European location for the US AI lab after London, Dublin, Paris, Zurich and Munich. The opening completes the […]
The May estimate is twice the bank’s January figure, and the workforce cuts are already happening at UBS, ABN Amro and HSBC. Morgan Stanley has doubled its forecast for AI-driven job losses across the European banking sector, estimating that as much as 20% of total banking employment could be eliminated by 2030 as lenders push […]