News from Financial Times

Arm shares jump by 25% on first day of trading

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Financial Times · 09/14/2023 16:22 EDT

SoftBank-backed chip designer’s stock climbed as high as $63.59 in early trading as valuation exceeds $65bn Read more ›

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MGM: casino hack shows investors need to think more about cyber security risks

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Financial Times · 09/14/2023 13:13 EDT

Breaches can end up costing companies dearly Read more ›

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Instacart’s baptism of fire on Wall Street

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Financial Times · 09/14/2023 12:27 EDT

IPO marks an important psychological moment in Silicon Valley’s long adjustment to financial reality Read more ›

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Arm shares jump by 10% as trading begins

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Financial Times · 09/14/2023 12:20 EDT

SoftBank-backed chipmaker’s stock was trading at $56.10 per share shortly after it opened, as value approaches $60bn Read more ›

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France’s Apple spat risks spreading to other EU members

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Financial Times · 09/14/2023 12:01 EDT

Germany and Belgium order regulators to examine alert on iPhone radiation limits Read more ›

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MGM hack followed failed bid to rig slot machines, ‘Scattered Spider’ group claims

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Financial Times · 09/14/2023 10:59 EDT

Person claiming to represent cybercriminals explains techniques used to evade detection by casino resort company Read more ›

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Clean data must be as much of a right as clean water

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Financial Times · 09/14/2023 08:15 EDT

Buried deep in the privacy policies of car companies is their practice of collection, using and selling your very personal information Read more ›

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Defence tech start-up Helsing raises funds at €1.5bn valuation from Saab

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Financial Times · 09/14/2023 08:08 EDT

€209mn deal is latest example of sector defying VC downturn amid Ukraine war, and rising tensions between China and west Read more ›

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Arm prices shares at $51 apiece ahead of IPO

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Financial Times · 09/14/2023 06:28 EDT

Move values UK chip designer at more than $52bn as it prepares to begin trading on Thursday Read more ›

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MGM casinos’ cyber attack blamed on western hacking group

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Financial Times · 09/14/2023 01:02 EDT

Breach that caused chaos for hotel and resorts operator attributed to ransom-seeking ‘Scattered Spider’ gang Read more ›

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UK start-up Wayve unveils self-driving system that explains its actions

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Financial Times · 09/14/2023 00:00 EDT

Company says use of AI gives vehicle owners more confidence in the technology but accepts model needs ‘more training’ Read more ›

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SoftBank’s Son faces fresh scrutiny over his visionary status

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Financial Times · 09/14/2023 00:00 EDT

The Arm IPO has intensified questions over the founder’s future strategy as well as his record as a dealmaker Read more ›

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Arm shares expected to price above initial IPO range ahead of debut

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Financial Times · 09/13/2023 15:08 EDT

SoftBank-backed UK chipmaker is expected to begin trading Thursday on the Nasdaq exchange Read more ›

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Creditors claim Byju’s sent $500mn to fund registered at pancake house

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Financial Times · 09/13/2023 12:40 EDT

Legal filings allege Indian edtech company transferred the money to conceal its whereabouts Read more ›

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Software groups dismiss price premium for generative AI

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Financial Times · 09/13/2023 10:47 EDT

Adobe, Salesforce and Zoom have for now ruled out following Microsoft’s lead despite extra costs Read more ›

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China warns over reports of iPhone-related ‘security incidents’

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Financial Times 2 place · 09/13/2023 08:31 EDT

Beijing says foreign phones not banned but producers should ‘strictly adhere’ to domestic laws Read more ›

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Apple/iPhone: Pro model will add bite to sales in China

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Financial Times 2 place · 09/13/2023 06:38 EDT

The latest smartphone’s power should keep geopolitical threats and rivals at bay Read more ›

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The Broadway producer orchestrating SoftBank’s Arm IPO

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Financial Times · 09/13/2023 00:00 EDT

Tech-focused boutique bank Raine Group has had a long and lucrative relationship with SoftBank founder Masayoshi Son Read more ›

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Alexandr Wang: US technologists should help preserve US military and economic leadership

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Financial Times · 09/13/2023 00:00 EDT

Scale AI’s co-founder wants America to grasp AI’s potential to transform warfare before geopolitical rivals do Read more ›

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Accra provides lessons on how to run an AI start-up

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Financial Times 1 place · 09/13/2023 00:00 EDT

Scepticism towards artificial intelligence is to be expected but young Africans increasingly realise that can be overcome Read more ›

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