PRESS DIGEST- Financial Times - May 4

Headlines - UK competition watchdog launches review of AI market - Unilever shareholders reject pay plan in big blow to incoming chief - UK investors sound alarm over London exchange rule changes - UK opens probe into $20bn bid by Adobe for Figma - Barclays' chair defends 'unsatisfactory' share price at testy AGM Overview - The UK Competition and Markets Authority is launching a review of the artificial intelligence market, including the models behind popular chatbots such as ChatGPT, as the industry comes increasingly into global regulators’ crosshairs.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- UK competition watchdog launches review of AI market - Unilever shareholders reject pay plan in big blow to incoming chief

- UK investors sound alarm over London exchange rule changes - UK opens probe into $20bn bid by Adobe for Figma

- Barclays' chair defends 'unsatisfactory' share price at testy AGM Overview

- The UK Competition and Markets Authority is launching a review of the artificial intelligence market, including the models behind popular chatbots such as ChatGPT, as the industry comes increasingly into global regulators’ crosshairs. - Unilever shareholders have rejected the consumer goods group's executive pay plan in a setback for its incoming boss Hein Schumacher before he starts in July.

- Investors have voiced concerns over an erosion of shareholder rights outlined on Wednesday as part of the UK financial regulator's planned overhaul of British listing rules. - The UK competition regulator has opened a probe into Adobe's $20 billion proposed acquisition of design software company Figma, marking its latest review of a tech deal after blocking Microsoft's takeover of Activision Blizzard, the Call of Duty developer.

- Barclays' chair Nigel Higgins defended the bank's persistently poor stock market performance at its annual meeting, telling disappointed shareholders the board believed that boosting capital returns and avoiding a repeat of recent costly scandals would improve its valuation. (Compiled by Bengaluru newsroom)