Goldman Sachs has named a record number of engineers as partners, highlighting technology's rising influence in finance. Nikos Stathopoulos, BC Partners' European chair, is moving from the UK to Greece amid Athens' new tax incentives for wealthy investors. AI spending is surging, but markets are wary of its sustainability after a $17bn hedge fund's struggles and a tech stock sell-off following Democrats' election win.
Elon Musk and Mark Zuckerberg are consolidating AI power: Zuckerberg proposes a new Meta share class to sell stock while retaining control, facing legal challenges from pension funds; Musk is shifting Tesla and SpaceX to Texas to avoid Delaware's corporate courts, enabling a potential merger. Blackstone aims to stabilize retail investor flows amid broader private equity forays into the market.
Source: Financial Times Companies · Summarized by HeadlinesBriefing