BUSINES

Meta plans to invest $15bn in Scale AI in bid to catch up to rivals

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Nvidia chief Jensen Huang said Europe’s shortfall in computing power for artificial intelligence “will be resolved” soon, as the continent pushes to catch up with the US and China in the race to capitalise on … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. WhatsApp has joined a legal challenge against the UK government’s demand to force Apple to create a “back door” in its security systems, as the Meta-owned group becomes the first Big Tech company to intervene … Read more

Here come the glassholes, part II

Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. Brazil, Mexico, South Africa and Turkey are among countries being promised access to funding to tackle pollution from industries such as cement and steel, as a group of multilateral lenders doubles down on climate action … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Commission’s powerful competition directorate is blocking a push that would allow governments to subsidise the production costs of clean energy technologies, flaring tensions between EU officials enforcing state-aid rules and those working on … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Meta has invested $15bn into data-labelling start-up Scale AI and hired its co-founder Alexandr Wang, as part of its bid to attract talent from rivals in a fiercely competitive market.  The deal values Scale at … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Space Agency is seeking €1bn to develop a new satellite network providing military-grade intelligence to the EU as it prepares to push for the biggest budget in its 50-year history. Josef Aschbacher, the … Read more

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Mattel and OpenAI intend to make artificial intelligence part of children’s playtime with a partnership between the Barbie-maker and the tech group behind ChatGPT. The two companies on Thursday said they had formed a “strategic … Read more

SAP quietly steals a march on Silicon Valley’s A-list