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Financial Times reposted this
A key theme of market chatter recently is just how much of US economic growth this year has come from tech investment — that is, from the AI boom. Looking at the net contribution of the tech industry to real GDP growth, it looks like a bit more than a third year to date. But the picture is complicated: growth in consumption — a far bigger component of GDP overall — has weakened, in effect making the contribution of technology larger. Sign up for Unhedged 'Chart of the Week' for free: https://lnkd.in/eK7WknUu
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Some of the best ideas are born over lunch. That’s why we’ve launched the FT Weekend Business Lunch Awards. Tell us your favourite restaurant by October 24 for a chance to win lunch for two at Simpson’s on the Strand in London when it reopens next year. Nominate here: https://on.ft.com/4o5pNFz #FTWeekendBusinessLunch
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Some professionals are seeking alternatives to connecting online or meeting in pubs, such as running clubs. But would you network and brainstorm in a sauna? https://ft.trib.al/YcCLiVW
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The boss of one of Britain’s biggest tech start-ups on the ethics of porn, the future of the content creator economy — and why the platform banned Bonnie Blue https://on.ft.com/4nvcX3j
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Breaking news: The music mogul has been sentenced to more than four years in prison, after a jury convicted him of prostitution-related charges in July. https://on.ft.com/3KyKhbh
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The US dollar, which has had its worst start to the year in two decades, is dividing the stock market, with multinationals and exporters outshining companies more geared to America's domestic economy. A Goldman Sachs index of the 50 blue-chip US companies with the highest share of foreign sales exposure has jumped 21% this year, with stocks such as Meta Platforms and Philip Morris outperforming the S&P 500 index. In contrast, the bank’s gauge of Wall Street shares with the greatest proportion of domestic sales — which includes T-Mobile US and Target — has gained just 5%, as such companies failed to reap the benefit of a weaker dollar while also being hit by the steeper cost of imports. https://on.ft.com/4nBFBQx
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Just in: Hamas said it had accepted some of the terms in US President Donald Trump’s peace plan for Gaza. The group said in a statement it would agree to release all hostages, 'both living and deceased', adding it was ready to 'immediately enter negotiations, through the mediators, to discuss the details of this matter'. https://on.ft.com/42rgqYp
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Women in the UK take a lasting earnings hit when they become mothers, losing an average of more than £65,000 over five years following the birth of their first child. https://lnkd.in/d3Q9cMCq
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Amazon founder Jeff Bezos has argued that the surge of investment in artificial intelligence is fuelling a 'good' kind of bubble, delivering lasting benefits for society even if share prices collapse as dramatically as his ecommerce company’s did 25 years ago. https://lnkd.in/eX2ptdHS
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