BUSINES

Peter Thiel joins tech billionaires backing new lender Erebor to rival Silicon Valley Bank

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Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. Palmer Luckey, the billionaire co-founder of military tech group Anduril, is preparing to launch a US bank intended to fill the gap left by Silicon Valley Bank serving start-ups, including cryptocurrency businesses. To be named … Read more

Brainlab shelves IPO in latest blow to Europe’s struggling listings market

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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. German medical technology company Brainlab has postponed its planned stock market listing just two days before its scheduled debut, marking the latest setback for Europe’s struggling IPO market. Bookrunners had already signalled on Monday that … Read more

Microsoft claims AI diagnostic tool can outperform doctors

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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. Microsoft has built an artificial intelligence-powered medical tool it claims is four times more successful than human doctors at diagnosing complex ailments, as the tech giant unveils research it believes could speed up treatment. The … Read more

Is ‘Maga Mark’ the real Mark Zuckerberg?

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Meta chief executive Mark Zuckerberg has undergone a transformation, both physical and political. The skinny teenager who founded Facebook in his dorm room is now a muscular jiu-jitsu enthusiast who’s called US President Donald Trump a “badass” and wants to see more “masculine energy” in the workplace. Is this all an act? Is Zuckerberg doing … Read more

In defence of the second-mover advantage

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Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. A note of threat has crept into the otherwise optimistic language of those who champion the adoption of artificial intelligence. You can hear it in the rhetoric of UK technology secretary Peter Kyle, who told … Read more

Hedge funds dive into private credit

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One scoop to start: Nearly four in 10 UK takeovers were reported in the media before their announcement in the 14 months to May this year, triggering concerns at the financial regulator that the London stock market is becoming leakier. Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article … Read more

Aberdeen chair says ‘save the world’ claim by asset managers was a ‘mistake’

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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. Asset managers made a “huge mistake” in claiming the investment industry could “save the world”, the departing chair of the UK’s Aberdeen Group said, over-egging their role in environment, social and government issues for marketing … Read more