BUSINES

Europe races to find Starlink alternatives for Ukraine

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Europe is rushing to provide Ukraine with alternatives to Elon Musk’s Starlink broadband satellite network, after the US withdrew military aid and intelligence sharing from the country this week.  Four large satellite operators — Luxembourg’s SES, Spain’s Hisdesat, Viasat, owner of the UK’s Inmarsat, and France’s Eutelsat/OneWeb — have all confirmed to the Financial Times … Read more

Check the numbers, data analytics is a UK success story

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Stay informed with free updates Simply sign up to the Investments myFT Digest — delivered directly to your inbox. Britain is pretty good at technological innovation and is home to many thousands of outstanding tech companies. Frustratingly, it’s less good at providing the right environment for these businesses to scale up into world-beating tech champions, … Read more

Apple delays iPhone AI features as it stumbles in race with rivals

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple has delayed new artificial intelligence features for its Siri voice assistant, undercutting its effort to compete with offerings from rivals Google and Amazon. The iPhone maker confirmed in a statement on Friday that it … Read more

Peter Thiel-backed fintech Ramp nearly doubles valuation to $13bn

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Stay informed with free updates Simply sign up to the Fintech myFT Digest — delivered directly to your inbox. Ramp, the corporate payments start-up backed by Peter Thiel and Thrive Capital, has almost doubled its valuation to $13bn, as financial technology companies rebound from a painful period of lower spending and economic uncertainty. The five-year-old … Read more

Chief of Microsoft-backed UK tech unicorn Builder.ai steps down

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sachin Dev Duggal, the founder of one of the UK’s best-funded tech start-ups Builder.ai, has stepped down as its chief executive, capping a rollercoaster tenure running a company backed by Microsoft and SoftBank. The London-based … Read more

BP goes back to petroleum

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This year marks the 25th anniversary of BP’s attempt to rebrand itself as a greener oil and gas company, going “Beyond Petroleum”. The campaign, launched by the then chief executive John Browne, was immediately attacked … Read more

UK AI start-up Wayve accelerates global expansion plans

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Wayve, the London-based autonomous driving start-up, is accelerating its international expansion after raising more than $1bn from investors including SoftBank, Microsoft and Nvidia in one of Europe’s biggest artificial intelligence deals last year. Alex Kendall, Wayve’s co-founder and chief executive, said it was testing its self-driving cars in Germany and the US, and setting its … Read more