Blackrock

• Finnish quantum hardware company IQM secured a €50 million financing facility from BlackRock-managed funds to fuel R&D and U.S. market expansion. • The funding supports IQM's preparations for a potential US stock market listing, enhancing its position in quantum computing technology. • This investment underscores growing Wall Street interest in quantum breakthroughs amid competition in advanced computing sectors.

CEO of asset manager says only a few firms and investors may reap rewards from growth in the technologyThe boom in artificial intelligence risks widening inequality, with only a handful of companies and investors likely to reap its financial rewards, the BlackRock chief executive, Larry Fink, has warned.The boss of the $14tn (£10.4tn) asset manager used his annual letter to investors on Monday to highlight potential hazards around the exponential growth in AI, which has attracted rapid investment and become “central to strategic competition” between global powers such as the US and China. Continue reading...