Mark Zuckerberg is betting more than $14bn that a well-connected 28-year-old is the catalyst his company needs to catch up with rivals racing to develop and commercialise artificial intelligence. The Meta chief struck a deal last week to buy 49 per cent of data labelling business Scale AI and hire its leader Alexandr Wang. Zuckerberg … Read more
Microsoft is prepared to walk away from high-stakes negotiations with OpenAI over the future of its multibillion-dollar alliance, as the ChatGPT maker seeks to convert into a for-profit company. The software giant has considered halting complex discussions with the $300bn artificial intelligence start-up if the two sides remain unable to agree on critical issues, such … Read more
Stay informed with free updates Simply sign up to the Investments myFT Digest — delivered directly to your inbox. Nearly half of UK investors put their trust in social media, finfluencers and AI tools when making financial decisions, as unregulated sources continue to pull consumers away from professional advice. Two-fifths of UK investors have used … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Millions of Iranians have been cut off from the outside world by a near-total internet shutdown in Tehran and other cities, in what officials said was a bid to curb cyber attacks after a week … Read more
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. SoftBank founder Masayoshi Son is pushing the idea of a vast $1tn artificial intelligence and robotics complex in the US state of Arizona that could include the establishment of a free-trade zone and the involvement … Read more
Almost one-third of children show growing signs of addiction to mobile phones, social media and video games starting at age 11, according to a landmark study on the impact of modern technologies on the adolescent mind. These young users are more likely to suffer mental health problems than peers who exhibit less compulsive behaviour patterns, … Read more
Stay informed with free updates Simply sign up to the US companies myFT Digest — delivered directly to your inbox. Google’s hopes of overturning a record EU competition fine were dealt a severe blow on Thursday, after an adviser to Europe’s top court agreed with Brussels regulators that the tech giant had used its Android … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer has launched a new drive to bring freethinking innovators into the heart of Whitehall, echoing efforts by the arch-disrupter Dominic Cummings to hire “weirdos and misfits” to redesign government. Salaries of up … Read more
The UK’s financial services sector is one of the largest among developed nations in terms of the contribution it makes to national economic output. Recent data shows that it contributes more than £200bn annually to the UK economy, coughs up £80bn in tax, or £110bn if you include linked professional services, and runs healthy trade … Read more
Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. The writer is former editor-in-chief of Wired magazine and writes Futurepolis, a newsletter on the future of democracy Even by Silicon Valley’s historically rarefied standards, Big AI is spending stratospheric amounts on talent this year. … Read more