Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Revolut’s chief executive Nik Storonsky is in line for a multibillion-dollar windfall if he steers the fintech’s valuation to about $150bn, under a long-standing Elon Musk-style pay package. Storonsky, who founded the $45bn start-up in … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Over the second weekend of May, Donald Trump sacked the head of the US Copyright Office. On the previous Friday, the office had released “Copyright and Artificial Intelligence Part 3: Generative AI Training”. For the … Read more
The Trump Organization’s bid to enter the smartphone industry with a ‘Made in America’ device and mobile plan has seen it partner with a small network registered at a luxury apartment in the beachfront Trump Tower Miami. The business led by the US president’s sons Donald Trump Jr and Eric Trump has tapped Liberty Mobile … 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 is to invest more than £500mn in emerging technology based on quantum physics that experts say has the potential to transform economic and national security. The government’s support will be welcomed following questions … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wolfspeed, a North Carolina manufacturer of semiconductors for electric vehicles, said it had struck a deal with creditors to reduce its near $6.5bn debt by more than two-thirds as a part of a bankruptcy package. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla’s robotaxi service, touted by Elon Musk as the future of his flagging electric-car maker, is expected to launch in the company’s home city of Austin on Sunday with only about 10 cars and a … Read more
Can Mukesh Ambani engineer a smooth transition at Reliance? Source link
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. London-based artificial intelligence start-up PhysicsX has raised $135mn from investors, valuing it at almost $1bn, as it becomes the latest company to benefit from a surge of interest in defence technology. The six-year-old start-up, founded … Read more
Mark Zuckerberg is betting more than $14bn that a well-connected 28-year-old is the catalyst his company needs to catch up with rivals racing to develop and commercialise artificial intelligence. The Meta chief struck a deal last week to buy 49 per cent of data labelling business Scale AI and hire its leader Alexandr Wang. Zuckerberg … Read more
Microsoft is prepared to walk away from high-stakes negotiations with OpenAI over the future of its multibillion-dollar alliance, as the ChatGPT maker seeks to convert into a for-profit company. The software giant has considered halting complex discussions with the $300bn artificial intelligence start-up if the two sides remain unable to agree on critical issues, such … Read more