Revolut shareholder SoftBank is asking the UK based fintech to change terms of a share restructuring designed to help Revolut receive a UK banking license, The Financial Times reported on Friday. The Bank of England is reportedly requiring that Revolut consolidate its six classes of shares into a single class before it can receive a banking license. But SoftBank is asking Revolut for twice as...
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Why AI Scientists Are Freaking Us Out
Well that’s one way to get attention. According to a statement issued today by a bunch of leading names in AI, “mitigating the risk of extinction from AI should be a global priority.” Right. It’s hard to imagine anyone out there disagrees—who but the most extreme misanthrope wants to extinguish the human race? The question, then, is why the very people responsible for AI’s development are...
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