Tech-backed nuclear groups raise $1bn as investors bet on power-hungry AI

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two companies backed by Bill Gates and Sam Altman have raised more than $1bn amid a surge in investor optimism that nuclear energy will help power the artificial intelligence revolution. TerraPower, a private company founded … Read more

Elon Musk’s xAI nears $9.3bn equity and debt deal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk’s artificial intelligence company xAI is nearing a $9.3bn debt and equity deal, as investors looked past the billionaire’s spat with President Donald Trump that had complicated the capital raising efforts. Investors have placed … Read more

Banks face rising risks from climate lawsuits

This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the … Read more

Netflix strikes landmark deal with France’s TF1 to show traditional TV

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Netflix has struck a landmark deal to show linear TV for the first time with French TV network TF1, as traditional broadcasters struggle with changing viewing habits and fierce competition from streaming giants. TF1 will … Read more

Can AI tell us how much art is really worth?

Forget the old-school charms of the BBC’s Antiques Roadshow. Art valuations today are more likely to rely on artificial intelligence to help close the gap between educated guesswork and reality — as much as this mysterious market will allow. “We are using AI for efficiency. It can process millions of data points instantly, then sort, clean and … Read more

Big Oil faces up to its sunset era

The world’s largest oil companies have endured a lost decade in the stock market, struggling to convince investors they can grow in a world where demand for their main product is expected to peak in the coming years. The S&P Global Oil index, which tracks 120 leading international oil producers, is no higher now than … Read more

ocean warming stays near record levels

Stay informed with free updates Simply sign up to the Visual and data journalism myFT Digest — delivered directly to your inbox. This article is an on-site version of our Climate Graphic: Explained newsletter. Sign up here to receive it in your inbox each Sunday. The world’s ocean temperatures remained at elevated levels in May … Read more