Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. Climate-related disasters are raising the risk of home repossessions in the US and could cause billions of dollars in annual mortgage-related credit losses over the next decade, according to a new report by a risk-modelling … Read more
The AI revolution changing how we predict the weather
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Online scams are big business. In the EU, according to the most recent figures, online scammers defrauded consumers out of €4.3bn in 2022. Increasingly, they use sophisticated adverts, including AI-generated “deepfakes” of figures ranging from … Read more
General Abdel Fattah al-Burhan put on a brave face in response to the shock bombardment of Port Sudan this month, vowing to defeat the paramilitary Rapid Support Forces he holds responsible “and all those who support them”. “May the eyes of cowards never sleep,” said Burhan, head of the Sudanese Armed Forces and the country’s … Read more
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Sam Altman is either a genius or a sellout. Depending on which artificial intelligence model you ask. An analysis of six of the leading makers of AI chatbots — OpenAI, Anthropic, xAI, Meta, Google and … Read more
The chief executive of one of Europe’s biggest staffing companies is talking ice hockey. “As they say in Canada, skate where the puck is going to be,” says Sander van ’t Noordende of Randstad. “If the jobs are moving there, we need to make sure we are there.” Van ’t Noordende has led Randstad, one … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has begun allowing some shipments of rare earths under new export control rules, but the slow pace of approvals threatens disruption to global supply chains, according to industry participants. Beijing in early April placed … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. At the start of last month, the 1,500 staff at a British law firm called Shoosmiths received some unexpected news. The firm had created a £1mn bonus pot that would be shared out between them, … Read more
Nvidia is seeking to reduce its reliance on Big Tech companies by striking new partnerships to sell its artificial intelligence chips to nation states, corporate groups and challengers to groups such as Microsoft, Amazon and Google. This week, the American chip giant announced a multibillion-dollar US chip deal with Saudi Arabia’s Humain, while the United … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The boss of Marks and Spencer faces a hit to his pay package of as much as £1.06mn after a sustained cyber attack knocked the UK retailer’s shares down by more than a tenth. Stuart … Read more