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If Chris Philp didn’t exist, would it be possible to create him? Is such a feat of imagination even possible? Consider the complexities – the absurdity, the halfwittedness. The unfailing ability to jump on the wrong bandwagon. And yet … To have succeeded to the limits of the Peter principle. …

AllBright, the women-only members’ club with a five-storey townhouse in Mayfair, London, has entered administration, the Guardian can reveal.

The networking and events business – which was co-founded by the Telegraph Media Group’s chief executive, Anna Jones, and the co-chair of the Invest in Women Taskforce, Debbie Wosskow – emailed …

Could there be a silver lining to the building of a third runway at Heathrow (

Reeves: third Heathrow runway would be hard decision but good for growth, 26 January

)? I remember Boris Johnson promising to

lie down in front of the bulldozers

to stop it.

Jim McManners


Trimdon …

After years of worrying in the US that its artificial intelligence ambitions could be leapfrogged by Beijing, the biggest threat to Silicon Valley’s hegemony has come not from one of China’s big four tech firms, but from a previously little known start-up.

Rather than Baidu, Alibaba, Tencent or Xiaomi topping …

Sam Altman’s assessment of

the new Chinese AI chatbot

spoke volumes – “impressive, particularly around what they’re able to deliver for the price”. The OpenAI chief executive remembered to add his firm would be launching “better models” soon, but his praise for DeepSeek’s R1 version would seem …

Asda is ditching its Aldi and Lidl price-match scheme just a year after launching it, as the UK’s fourth-largest supermarket chain battles to win back shoppers amid rising costs.

Stopping the scheme in favour of a wider “Rollback” price cuts campaign is one of the most dramatic moves yet by …

DeepSeek

’s cut-price challenge to US AI dominance, which wiped $600bn in

Nvidia

’s market value on Monday and caused the tech-weighted Nasdaq index to drop 3%, also took a bite out of the fortunes of some of the world’s wealthiest men.

Nvidia’s record stock plunge, judged to …

Credit card debt has been soaring in the US, reaching a

record $1.17 trillion

in the third quarter of 2024, with the share of active credit card holders making just minimum payments rising to

10.75 percent

, the highest ever in data going back to 2012. Money …

Experts have urged caution over rapidly embracing the Chinese artificial intelligence platform DeepSeek, citing concerns about it spreading misinformation and how the Chinese state might exploit users’ data.

The new low-cost AI

wiped $1tn

off the leading US tech stock index this week and it rapidly became …

Hello, and welcome back to TechScape. There was a lot of news last week. To run it down in an expedient fashion:

• Donald Trump, Sam Altman, Masayoshi Son and Larry Ellison announced a $500bn initiative to expand infrastructure supporting artificial intelligence

dubbed Stargate

. On its heels …

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