OpenAI risks being undercut by cheaper rivals, says star investor Mary Meeker

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. US groups such as OpenAI that are racing to develop artificial intelligence are at risk of being undercut by cheaper rivals such as China’s DeepSeek, according to star investor and analyst Mary Meeker whose presentations … Read more

Trump’s tariffs in legal limbo

The White House is fighting court rulings that US President Donald Trump’s ‘liberation day’ tariff scheme is illegal, and a former Goldman Sachs banker was sentenced to two years in prison for his role in the 1MDB scandal. Plus, how Wall Street offloaded billions of dollars of debt from Elon Musk’s Twitter deal. Mentioned in … Read more

Elon Musk’s RTO

One thing to start: Tim Leissner, the disgraced former Goldman Sachs banker at the heart of the multibillion-dollar 1MDB scandal, has been sentenced to two years in prison, ending one of the most infamous prosecutions in Wall Street’s history. And another thing: Wall Street is warning that a little-publicised provision in Donald Trump’s budget bill … Read more

Pirated football streams amount to ‘industrial scale theft’, report finds

Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. Pirated streaming of sports and premium TV is costing broadcasters and sports bodies billions of dollars a year, constituting “industrial scale theft of video services”, according to media analysts at Enders. Enders found that pirated feeds … Read more