BP goes back to petroleum

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This year marks the 25th anniversary of BP’s attempt to rebrand itself as a greener oil and gas company, going “Beyond Petroleum”. The campaign, launched by the then chief executive John Browne, was immediately attacked … Read more

UK AI start-up Wayve accelerates global expansion plans

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Wayve, the London-based autonomous driving start-up, is accelerating its international expansion after raising more than $1bn from investors including SoftBank, Microsoft and Nvidia in one of Europe’s biggest artificial intelligence deals last year. Alex Kendall, Wayve’s co-founder and chief executive, said it was testing its self-driving cars in Germany and the US, and setting its … Read more

Anthropic’s valuation triples to $61.5bn in bumper AI funding round

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Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Four-year-old artificial intelligence start-up Anthropic has raised $3.5bn in a deal that triples its valuation to more than $60bn, as it aims to keep pace with OpenAI and ahead of newer rivals including China’s DeepSeek. … Read more

TSMC unveils $100bn US chip investment

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Taiwan Semiconductor Manufacturing Company on Monday said it would invest $100bn in the US, boosting capacity in the country in a move designed to placate President Donald Trump and head off threatened tariffs on chip imports. In a news conference with TSMC’s chief executive CC Wei, Trump said the world’s largest chipmaker would invest “at … Read more