
ChatGPT inventor set to receive $10bn as OpenAI shifts from non-profit status
OpenAI founder Sam Altman is set to receive over $10bn as the AI company shifts from non-profit status, raising concerns over its mission and sparking criticism…
Jamie Young is Senior Reporter at Business Matters, covering SME finance, employment law and Westminster policy since 2016. He has reported on every Budget and Autumn Statement since 2018, helped make sense of the 'covid era' and the bounce-back loan scheme from launch through the fraud investigations, and broke the magazine's coverage of the 2024 late-payment reforms. He joined Business Matters straight from completing his BA in Administration from Exeter University and is NCTJ-qualified. Reach him at jyoung@cbmeg.co.uk

OpenAI founder Sam Altman is set to receive over $10bn as the AI company shifts from non-profit status, raising concerns over its mission and sparking criticism…

Companies House has implemented a new regime of penalties aimed at improving compliance and transparency in the UK’s company register, with a focus on cracking down…

A rise in voluntary liquidations is prompting concerns over potential misuse, with experts calling for stricter regulation and reintroduction of percentage fees to ensure proper scrutiny…

Blick Rothenberg urges HMRC to standardise gift tax laws across all industries, including politicians, for greater clarity and consistency in the taxation of gifts.

HMRC has reported a significant 21% drop in research and development (R&D) tax credit claims for the 2022/23 tax year, with the number of claims falling…

Meta Platforms has paused the launch of its latest artificial intelligence technology in Britain and the European Union due to concerns over fragmented AI regulations.

Samir Desai, co-founder of Funding Circle, will step down from the board, ending the involvement of the original founders. The small business lender aims for profitability…

Welsh Labour plans to revoke charitable status for private schools, adding to Sir Keir Starmer’s VAT proposals. Critics warn this could overwhelm the state school system…

Greater Manchester Mayor Andy Burnham warns of ‘Armageddon’ for the North without the completion of the HS2 link from Birmingham to Manchester, calling for a cheaper…

Raspberry Pi reports stronger-than-expected profits and a 61% sales increase in its first update since floating on the London Stock Exchange. The microcomputer maker's shares surged…

Family-owned businesses accuse Labour of dishonesty over potential tax hikes, warning that changes to inheritance tax reliefs could force closures and threaten British enterprise.

Tropic Skincare, founded by The Apprentice finalist Susie Ma, reports a 28% profit increase to £6.7m. Ma, now the sole owner, continues to invest in growth…

KPMG forecasts UK economy to grow by 1% in 2023, double previous expectations. Experts urge Chancellor Rachel Reeves to boost public investment to sustain growth momentum…

Businesses backed by BGF warn that raising capital gains tax in the budget could stifle UK investment, potentially hurting job creation and growth, as tech start-ups…

Goldman Sachs forecasts the pound will hit $1.40 by next year, bolstered by UK growth and a measured reduction in interest rates by the Bank of…