1. FTX founder Sam Bankman-Fried found guilty of fraud
A New York jury convicted him after less than five hours of deliberation, bringing to an end a dramatic trial of the former crypto mogul.
2. Elon Musk’s AI startup xAI to release first model on Saturday
“Tomorrow, xAI will release its first AI to a select group,” Musk wrote in a post on X, the social media platform formerly known as Twitter that Musk purchased last year.
3. FTSE down
At the close, the FTSE100 had lost 29 points, or 0.4%, to finish at 7,418.
4. Manchester United investor Ratcliffe to spend US$300m overhauling Old Trafford
The Ineos owner and billionaire is set to acquire a 25% stake in the Premier League club with details set to be revealed ‘shortly’ according to Sky News, but the infrastructure investment will be in addition to this, said the report.
5. Microsoft's about-face on CMA’s takeover decision for Activism Blizzard
Microsoft Corporation (NASDAQ:MSFT)'s President Brad Smith has spoken in favour of the UK market authority’s decision to bar the company’s merger with Activism Blizzard Inc, a Nasdaq-listed game developer, in a notable about-face from his previous criticism of the regulator.