The rise of the AI investment banker

One thing to start: Paramount is willing to strike a deal to resolve President Donald Trump’s $20bn lawsuit against CBS News, after the studio’s owner, Shari Redstone, grew “concerned” about the network’s balance in recent months. And another thing: Greensill Capital’s administrator has filed a lawsuit against its founder Lex Greensill and six other former … Read more

Sam Altman’s eyeball-scanning project Worldcoin makes US debut

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sam Altman’s digital ID project Worldcoin has launched in the US, making its controversial iris-scanning technology and cryptocurrency token available in the country as Donald Trump’s administration embraces the digital asset sector. The group aims … Read more

How China has changed the game for AI valuations

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Despite recent volatility in Tesla’s share price, investor confidence in Elon Musk’s broader ambitions remains surprisingly resilient. Tesla continues to trade at valuation multiples not only well above legacy carmakers but also most of its … Read more

Microsoft shares jump after software giant’s earnings top forecasts

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Microsoft posted better than expected quarterly earnings on Wednesday, sending its shares zooming higher. The Seattle-based software group on Wednesday beat analysts’ expectations for revenue and net income in the three months to the end … Read more

FCA calls on Big Tech to do more to tackle growing ‘finfluencer’ problem

Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. The UK financial watchdog is calling on Big Tech groups to do more to stop the “whack-a-mole” problem of people switching between social media accounts to keep promoting unauthorised financial schemes or businesses. Many … Read more