BUSINES
Even with AI, junior bankers still need the grind
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a former global head of equity capital markets at Bank of America and is now a managing director at Seda Experts The rise of artificial intelligence in investment banking has ushered in … Read more
Offshore wind adopts tougher stance in US as industry threats mount
Twenty seven miles off the coast of Virginia Beach, 59 yellow steel structures rise up from the ocean, waiting for wind turbines to be fused on top. The project they belong to, Dominion Energy’s $10.8bn Coastal Virginia Offshore Wind, will form the biggest offshore wind farm in the US, generating enough energy to power 660,000 … Read more
drought risk as England faces driest year this century
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. England and Wales have recorded their driest start to the year in decades, with river levels well below their historic average and reservoirs depleted, fuelling fears of a summer drought. In the year to May … Read more
Elon Musk’s AI chatbot shared ‘white genocide’ tropes on X
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Elon Musk’s artificial intelligence chatbot repeatedly referenced race relations in South Africa to users on X in response to unrelated questions, raising concerns about the reliability of a model used by millions. In answers provided … Read more
CoreWeave beats estimates in first results as a listed company
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. CoreWeave reported a 420 per cent rise in revenue in its first quarter as a listed company as the artificial intelligence data centre operator beat Wall Street forecasts. The US group, which leases computing capacity … Read more
SoftBank reports surprise $3.5bn profit as telecom valuations improve
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Masayoshi Son’s SoftBank Group recorded a surprise $3.5bn profit in its latest quarter as it prepares to deploy tens of billions to fulfil sweeping ambitions in artificial intelligence. The Japanese tech conglomerate said on Tuesday … Read more
Europe needs smart rearmament
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “If Europe wants to avoid war, Europe must get ready for war,” Ursula von der Leyen, the European Commission president, said in March. Most European countries have finally confronted the need to spend big on … Read more
French IT group Atos shelves asset sales to tap into higher military spending
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Atos will suspend plans to sell some strategic assets in defence and cyber security as the French IT services group seeks to put the “madness” of past restructurings behind it and benefit from an increase … Read more
China’s Baidu in talks to launch robotaxis in Europe
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Baidu is in discussions to launch robotaxi tests in Europe as Chinese technology groups look to dominate the global market for autonomous driving. The Beijing-based group, often viewed as China’s rival to Google, aims to … Read more