China’s self-driving lidar leader plans tariff-beating overseas factory

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s biggest maker of the laser sensors used in self-driving cars plans to open its first overseas plant next year as customers urge it to shield itself from geopolitical tensions. Shanghai-based Hesai, already embroiled in … Read more

US companies drop DEI from annual reports as Trump targets corporate values

Hundreds of US companies have removed references to “diversity, equity and inclusion” from their annual reports in a rapid pullback from the corporate values that have become a target of President Donald Trump’s administration. More than 200 of America’s largest corporate groups have culled mentions of DEI and related terms such as “diversity”, according to … Read more

How Joel Kaplan became Mark Zuckerberg’s most trusted political fixer

When Mark Zuckerberg announced his “free speech” overhaul to Meta’s content moderation in January, the unexpected pivot was the culmination of months of planning with a tight-knit inner circle driven by one key adviser: Republican lobbyist Joel Kaplan.  According to interviews with multiple current and former Meta employees, Kaplan has risen over the past decade … Read more

D-Wave claims to have reached ‘quantum supremacy’ after costly 25-year pursuit

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. D-Wave said it had crossed a critical threshold that would lead to the first practical uses of quantum computing, potentially bringing a pay-off for the controversial technical path it has followed for 25 years at … Read more

New Intel chief cheered by investors after board sought alternatives

Intel’s decision to hire a little-known semiconductor dealmaker as its chief executive has cheered investors who want an outsider to turn around the troubled chipmaker.  The US group announced on Wednesday that Lip-Bu Tan, who joined Intel’s board in 2022 but resigned last year, had been chosen to replace Pat Gelsinger. Wall Street welcomed the … Read more

Spotify cranks up the profit dial

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spotify has found its groove. News this week that the Swedish music streaming service had paid more than $10bn in royalties last year highlight just how big it has become — and how much more … Read more

Will AI save the UK government £45bn a year?

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Sir Keir Starmer declared this week that the digitisation of government services could achieve up to £45bn in savings and productivity benefits annually across the public sector. The UK prime minister arrived at that total … Read more