OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant’s access to cutting-edge artificial intelligence models. Microsoft, OpenAI’s biggest backer, is a key holdout to the $260bn start-up’s plans to undergo a corporate restructuring … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Criminals who have been spared jail will be monitored as closely as those who are locked up under plans to create “prison outside prison”, the UK justice secretary has said. Shabana Mahmood has asked Big … Read more
“Two years ago we were two steps ahead of the Russians,” according to Oleksandr Yakovenko, chief executive of one of Ukraine’s largest drone manufacturers. “Now, though, we are just one step ahead of them.” Just last month, Russian soldiers raced on motorcycles across Ukrainian territory in such numbers that it was impossible for Kyiv’s forces … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. They consume vast tracts of content, cost a packet to train and graft well past normal office hours. Junior lawyers have much in common with generative artificial intelligence. Galling, then, for the former to face … Read more
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Insurers at Lloyd’s of London have launched a product to cover companies for losses caused by malfunctioning artificial intelligence tools, as the sector aims to profit from concerns about the risk of costly hallucinations and … Read more
Nepal will mark the rapid melting of a crucial glacier with a “funeral” next week as scientists warn that climate change threatens thousands of other ice sheets across the world. Buddhist monks, scientists, government officials and community figures will take part in a ceremony on Monday at the Yala glacier, one of the most studied … Read more
US and European antitrust enforcers used to work so closely that Jonathan Kanter’s office in Washington was adorned with an elephant knitted by his then EU counterpart Margrethe Vestager. That camaraderie has all but evaporated as Donald Trump’s new team has taken charge. Far from cuddly toys, the main transatlantic exchanges between regulators in recent … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK tax authorities have stopped collecting tens of millions of pounds a month in disputed VAT payments from Uber, after a setback in a related legal battle with the ridesharing app’s European rival Bolt. … Read more
Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. Sir Paul McCartney, Richard Curtis and Dua Lipa are among the 400 top musicians, artists and media executives who have written to Prime Minister Sir Keir Starmer seeking support to protect copyright from being ripped off … Read more
Even before the fog of war had begun to lift, the Chengdu Aircraft Company’s stock had started to soar. Almost three decades after first taking to the skies, the Chinese plane-maker’s first fighter jet, the J-10 Vigorous Dragon, had finally seen combat — and survived. By 4am on May 7, Chinese diplomats in Islamabad were … Read more