Soon after lawyer Paul Verrico posted a plea on LinkedIn for hand sanitiser for his cancer charity in March 2020, the chief operating officer of a large Hong Kong energy company offered to help. During their discussions, the COO said it was a shame Verrico’s team at law firm Evershed Sutherlands did not operate in … Read more
Stay informed with free updates Simply sign up to the Work & Careers myFT Digest — delivered directly to your inbox. Donald Trump’s national security adviser used one emoji of a clenched fist, another of an American flag and another of a blaze of fire. Trump’s Middle East and Ukraine negotiator chose two American flags, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. AP Møller-Maersk has warned that plans for a shipping emissions trading scheme intended to fix the price gap between fossil fuels and green energy would only encourage the sector’s use of LNG. The measures will … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk’s artificial intelligence group xAI has purchased social media platform X for $45bn, as the billionaire entrepreneur brings together two of his flagship businesses. “xAI and X’s futures are intertwined,” Musk said on Friday … Read more
CoreWeave chief executive Michael Intrator and executives at private equity giant Blackstone got together in the summer of 2023 in a WeWork in Brooklyn to hash out the terms of a large and unusual loan. That first deal would lead to one of the largest private financings in US corporate history, Blackstone’s biggest single loan … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. CoreWeave closed flat after a volatile trading debut after the data centre operator downsized its initial public offering over concerns about its business model and waning exuberance in groups linked to artificial intelligence. The company’s … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. CoreWeave, the cloud computing group seeking to launch a blockbuster $32bn initial public offering, violated several key terms of a $7.6bn loan last year, triggering a series of so-called technical defaults. The US company, which … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Taiwan is investigating 11 Chinese technology companies, including the country’s leading chipmaker, on suspicion of illegally poaching its engineers, an indication of Beijing’s reliance on its neighbour’s world-leading semiconductor expertise. Shanghai-based Semiconductor Manufacturing International Corp … Read more
Ten years ago, Baroness Beeban Kidron had a clandestine cup of tea with a tech executive, whom she refers to as a “Deep Throat”. “Everybody in Silicon Valley knows that they’re hurting kids,” the insider explained. “They know that people are coming for them . . . but at the moment, there’s money to be made. In Silicon Valley, … Read more
This article is an on-site version of our Swamp Notes newsletter. Premium subscribers can sign up here to get the newsletter delivered every Monday and Friday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters I’ve always been puzzled by the way Sam Altman, the head of OpenAI, talks about what will … Read more