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JPMorgan Lifts Bonus Ceiling, Labor’s Tax Maze Stand, Rival AI Startup by OpenAI Co-Founder

Below are the most important stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Newspaper headlines

JPMorgan follows Goldman in lifting the British bonus cap. Labor is resisting calls to close the UK tax loophole used by Shein

OpenAI co-founder Ilya Sutskever announces employees of rival AI start-up Amazon in UK warehouse to vote on union representation

Overview JPMorgan Chase has told its employees in Britain that it will remove caps on bankers’ bonuses, making it the second biggest lender after Goldman Sachs to benefit from Britain’s decision to lift caps on payouts to top performers.

The Labor leadership is resisting calls to close a tax loophole used by Shein as the party looks to encourage the controversial Chinese-founded fast-fashion company to operate in London. Amazon workers at a warehouse in Coventry will vote in a vote that could force the company to negotiate with a union over its UK pay and conditions for the first time.

OpenAI co-founder Ilya Sutskever is launching a rival AI startup focused on “building secure superintelligence,” just a month after leaving the AI ​​company following a failed coup against CEO Sam Altman. (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)