Microsoft has walked away from some of its commitments with cloud computing provider CoreWeave in a significant blow to a company seeking to launch a blockbuster $35bn initial public offering next month. CoreWeave provides Microsoft with computing capacity from data centres, which the tech giant uses to scale up powerful AI models such as OpenAI’s … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world A former top Wall Street banker and longtime Elon Musk ally has led a purge of the US government office charged with administering billions of dollars in semiconductor subsidies. The Chips Program Office, … Read more
Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. Broadcom shares surged in after-hours trading on Thursday as the chip designer announced better than expected revenue and a confident outlook around artificial intelligence. The company, which designs custom AI chips and infrastructure for the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mark Zuckerberg is building up the voice capabilities of Meta’s artificial intelligence this year, as the social media giant pushes forward with plans to generate revenues from the fast-developing technology. Meta is planning to introduce … Read more
This article is first published in the FT Climate Graphic: Explained newsletter This week we turned our attention to a challenging — and expensive — problem: new housing in areas that are especially vulnerable to climate disasters, including hurricanes, wildfires and extreme heat. Some content could not load. Check your internet connection or browser settings. … Read more
Canada’s Liberal party selects a new leader, and US President Donald Trump’s nominee to lead the Justice Department’s antitrust division is turning heads on Wall Street. Plus, US startups are raising more money than at any point since 2021, and why a gold boom in Ghana is driving up global chocolate prices. Mentioned in this … Read more
Some of the world’s largest banks and fintechs are rushing to launch their own stablecoins, aiming to grab a slice of a cross-border payments market they expect will be redrawn by cryptocurrencies. Last month Bank of America signalled it was open to issuing its own coin, joining established payments providers such as Standard Chartered, PayPal, … Read more
Stay informed with free updates Simply sign up to the Visual and data journalism myFT Digest — delivered directly to your inbox. This article was first published in the FT Climate Graphic: Explained newsletter This week Copernicus, Europe’s Earth observation agency, released its monthly bulletin for February and again it makes for sobering reading. Despite … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A leading advertising agency is facing employment tribunal claims that it harassed a senior staff member after she warned that its campaigns could “greenwash” the confectionery and pet food group Mars. AMV BBDO is accused … Read more
US start-ups are raising more cash than at any point since 2021 thanks to investor bullishness about artificial intelligence, but the venture capital market has tilted sharply towards funding a handful of huge private tech companies. More than $30bn has been invested into fledgling groups already this quarter, according to PitchBook data. A further $50bn … Read more