Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wolfspeed, a North Carolina manufacturer of semiconductors for electric vehicles, said it had struck a deal with creditors to reduce its near $6.5bn debt by more than two-thirds as a part of a bankruptcy package. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla’s robotaxi service, touted by Elon Musk as the future of his flagging electric-car maker, is expected to launch in the company’s home city of Austin on Sunday with only about 10 cars and a … Read more
Can Mukesh Ambani engineer a smooth transition at Reliance? Source link
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. London-based artificial intelligence start-up PhysicsX has raised $135mn from investors, valuing it at almost $1bn, as it becomes the latest company to benefit from a surge of interest in defence technology. The six-year-old start-up, founded … Read more
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