Wealthy Chinese investors are quietly funnelling tens of millions of dollars into private companies controlled by Elon Musk using an arrangement that shields their identities from public view, according to asset managers and investors involved in the transactions. Since Musk was named a key figure in US President Donald Trump’s drive to remake the US … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk’s attempt to immediately halt OpenAI’s conversion to a for-profit company was struck down by a US federal court on Tuesday, although the broader trial was expedited to this autumn. OpenAI is in the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Microsoft’s $13bn investment in OpenAI has been cleared by the UK’s competition regulator, weeks after the artificial intelligence start-up struck a new partnership with SoftBank that reduces its reliance on the US big tech company … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK advertising group WPP has invested in a generative AI start-up that last year secured funding from tech entrepreneurs including former Google boss Eric Schmidt, as part of a strategic tie-up that will give it … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Discord is in early talks with banks about a public listing, according to people familiar with the matter, in a sign of a possible revival in the sluggish US IPO market. Founded in 2015 by … Read more
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The promise of generative AI tools is tantalising: a resource to free up time for more high-value work, streamline repetitive tasks and teach new skills. But survey data shows workers are not yet fully embracing … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Taiwan Semiconductor Manufacturing Company said it was “not afraid” of losing Washington’s subsidies for its massive US investments, as the chief of the world’s largest chipmaker sought to reassure investors following US President Donald Trump’s … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the author of ‘Chip War’ “I’m a little bit nervous,” admitted CC Wei, the CEO of Taiwanese chipmaker TSMC, taking the podium at the White House this week as he announced the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Is Donald Trump’s White House giving up on trying to create a US national champion in chip manufacturing? And, if so, how can it guarantee a supply of the advanced semiconductors that are likely to … Read more
Europe is rushing to provide Ukraine with alternatives to Elon Musk’s Starlink broadband satellite network, after the US withdrew military aid and intelligence sharing from the country this week. Four large satellite operators — Luxembourg’s SES, Spain’s Hisdesat, Viasat, owner of the UK’s Inmarsat, and France’s Eutelsat/OneWeb — have all confirmed to the Financial Times … Read more