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

Chinese tech groups prepare for AI future without Nvidia

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. China’s biggest technology companies have begun the long and difficult process of switching their development of artificial intelligence to homegrown chips, as they contend with a dwindling stockpile of Nvidia processors and tightening US export … Read more

Germany eyes 10% digital tax on tech giants

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The German government is drawing up plans for a 10 per cent tax on global internet giants such as Meta and Google in a move that could further fuel transatlantic trade tensions. Germany’s federal commissioner … Read more

New York Times agrees first AI deal with Amazon

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The New York Times has agreed to license its editorial content to Amazon, marking the first time the news giant will allow its stories to train a tech company’s artificial intelligence models.  The deal allows … Read more