Tuesday newspaper round-up: Tesco, OpenAI, housebuilding

By Michele Maatouk

Date: Tuesday 14 May 2024

Tuesday newspaper round-up: Tesco, OpenAI, housebuilding

(Sharecast News) - Tesco is facing criticism from "shocked" charities who say they are struggling to distribute unwanted food to homeless and hungry people after they claim the retailer brought in rules that mean unwanted food can only be collected in the evening. The supermarket group has switched to a new system which asks charities to pick up unwanted food, such as items reaching their best before date, only in the evening when a store is closing rather than the following morning, the charities have claimed. - Guardian

OpenAI announced on Monday that it was launching its new flagship artificial intelligence model, called GPT-4o, as well as updates that included a new desktop service and advances in its voice assistant capabilities. Chief technology officer, Mira Murati, appeared on stage to a cheering crowd in the OpenAI offices, touting the new model as a step forward in AI. The new model will bring the faster, more accurate GPT-4 AI model to free users, where it was previously reserved for paid customers. - Guardian

Plans for a large nuclear power station on the Welsh island of Anglesey risk being derailed by government rules that will add an estimated £20bn to the national debt, insiders have warned. Efforts to develop a gigawatt-scale scheme at Wylfa are on the agenda this week as Andrew Bowie, the minister for energy security, meets representatives from the South Korean state nuclear company Kepco. The company is among several thought to be in the running to build a plant at Wylfa, with a consortium that includes US nuclear giant Westinghouse also putting forward proposals. - Telegraph

It was billed as potentially one of the most aggressive sighting shots against a FTSE 100 company. In March the New York-based activist investor Elliott Advisors disclosed that it had quietly built a 5 per cent stake in Scottish Mortgage Investment Trust (SMT). Elliott's reputation for ferocity and opportunism has been second to none. It once seized an Argentine warship to apply pressure for a payout to bondholders. It has previously targeted another giant UK investment trust, Alliance Trust, in a siege that led to the expulsion of its chief executive Katherine Garrett-Cox, or Katherine the Great as she was dubbed in parts of the City. - The Times

Mortgage market pressures and wet weather drove a fall in new homes being built in the first quarter, new industry figures show. The number of new homes registered for construction slumped by a fifth year on year to 21,967 in the three months to the end of March. The number of new properties that were completed also slid by 13 per cent to 26,240, according to the National House Building Council. - The Times


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