Tesla to launch robotaxi service in Austin

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla’s robotaxi service, touted by Elon Musk as the future of his flagging electric-car maker, is expected to launch in the company’s home city of Austin on Sunday with only about 10 cars and a … Read more

UK AI start-up PhysicsX nears $1bn valuation

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. London-based artificial intelligence start-up PhysicsX has raised $135mn from investors, valuing it at almost $1bn, as it becomes the latest company to benefit from a surge of interest in defence technology. The six-year-old start-up, founded … Read more

Meta’s $14bn bet on 28-year-old Scale AI chief

Mark Zuckerberg is betting more than $14bn that a well-connected 28-year-old is the catalyst his company needs to catch up with rivals racing to develop and commercialise artificial intelligence. The Meta chief struck a deal last week to buy 49 per cent of data labelling business Scale AI and hire its leader Alexandr Wang. Zuckerberg … Read more

Microsoft prepared to walk away from high-stakes OpenAI talks

Microsoft is prepared to walk away from high-stakes negotiations with OpenAI over the future of its multibillion-dollar alliance, as the ChatGPT maker seeks to convert into a for-profit company. The software giant has considered halting complex discussions with the $300bn artificial intelligence start-up if the two sides remain unable to agree on critical issues, such … Read more

Nearly half of UK investors turn to social media for financial information

Stay informed with free updates Simply sign up to the Investments myFT Digest — delivered directly to your inbox. Nearly half of UK investors put their trust in social media, finfluencers and AI tools when making financial decisions, as unregulated sources continue to pull consumers away from professional advice. Two-fifths of UK investors have used … Read more