Deliveroo’s £7.6bn listing in March 2021 was hotly anticipated, but after just one day of trading the flotation was derided by one of the company’s own bankers as “the worst IPO in London’s history”. Four years later, the food delivery business is set to be swallowed by its US rival DoorDash at less than half … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Amazon’s self-driving start-up Zoox will scale up production next year, as it accelerates plans for a commercial rollout of its fleet of robotaxis in the US. The company, which manufactures and operates a bespoke pod-shaped … Read more
Private investors are positioning themselves to play a key role in re-arming Europe by providing much-needed capital to help the defence industry scale up and boost the region’s industrial resilience. More than three years since Russia’s full-scale invasion of Ukraine, Europe’s capitals have pledged billions of euros to invest in defence as well as in … Read more
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AI is moving from “co-pilot” to “autopilot”. The development of generative artificial intelligence is increasingly focused on “agentic AI”: the use of AI agents that perform tasks autonomously, either within fixed parameters or to achieve goals set by the user. Bring in the agents AI agents are not new but they are becoming ever more … Read more
Stay informed with free updates Simply sign up to the Cyber Security myFT Digest — delivered directly to your inbox. WhatsApp won a $168mn jury verdict in a case against NSO Group, the Israeli maker of Pegasus spyware, for exploiting a weakness in the encrypted messaging platform and selling it to clients who used it … Read more
Would you act on an apparent stock tip from Martin Wolf, the FT’s veteran chief economics commentator? His expert analysis features in many legitimate financial videos published on the FT’s social media accounts, but scammers have generated a spate of convincing deepfake video images on Instagram where he appears to be offering investment advice. “Right … Read more
The US data centre industry has warned that the Trump administration’s crackdown on renewable energy could slow its growth and undermine Washington’s goal to win the global artificial intelligence race. Renewables have become a flashpoint since Donald Trump re-entered the White House, with his administration suspending clean energy developments on federal land, pausing federal loans … 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’s cyber security agency has warned retailers to be alert to cyber criminals impersonating IT help desks, after a spate of recent attacks on major high street names. The advice comes after Marks and … Read more
For European leaders, the war in Ukraine has strained relations with the US and prompted major questions about how the continent will defend itself in the future. Governments are boosting defence spending and defence tech companies’ valuations have risen, particularly after the emergence of drone warfare in Ukraine. So what should a European strategy for … Read more