News from Financial Times

Trump media company co-founders allege ‘stock grab’ in lawsuit

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Financial Times 3 place · 02/29/2024 17:15 EDT

Legal fight complicates path to public listing for Truth Social operator that could provide windfall for former president Read more ›

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AI hype spurs convertible bond revival

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Financial Times · 02/29/2024 13:30 EDT

Super Micro Computer sells bond that swaps into equity with no coupon as downside protection Read more ›

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Microsoft, OpenAI and Nvidia back $2.6bn robot start-up

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Financial Times · 02/29/2024 08:00 EDT

Figure AI aims to transform labour market as it raises total $675mn in a funding round that also includes Jeff Bezos Read more ›

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TSMC in Japan and Wikipedia’s AI worries

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Financial Times · 02/29/2024 02:08 EDT

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times Read more ›

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Why Uber $7bn buyback is linked to its boss’s big payout

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Financial Times 3 place · 02/29/2024 01:08 EDT

If the company intends to implement a consistent reduction in share count, big buybacks will have to be the norm Read more ›

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Uber chief unlocks $136mn in shares after topping $120bn valuation

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Financial Times 3 place · 02/29/2024 00:00 EDT

Dara Khosrowshahi became entitled to award after meeting targets set before ride-hailing group’s IPO Read more ›

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UK government to trial ‘red box’ AI tools to improve ministerial efficiency

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Financial Times · 02/28/2024 18:00 EDT

Initiative is part of Rishi Sunak’s drive to boost Whitehall productivity through technology Read more ›

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Universal Music impasse with TikTok leads to ‘murder on the dance floor’

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Financial Times · 02/28/2024 17:01 EDT

Talks stumble over money, copyrights and AI as more tracks disappear from social media platform Read more ›

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Stripe reaches $65bn valuation in deal to let employees cash out stock

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Financial Times · 02/28/2024 14:14 EDT

Payments company’s value is 30% higher than last year but is still well below its 2021 peak Read more ›

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The environmental cost of AI

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Financial Times 3 place · 02/28/2024 13:29 EDT

Data centres are becoming some of the biggest consumers of power and water Read more ›

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Just Eat Takeaway books €1.5bn impairment charge as acquisition costs bite

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Financial Times · 02/28/2024 10:05 EDT

Full-year earnings come in above online food delivery company’s guidance Read more ›

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Apple parks its electric car project in sign of EV industry’s struggles

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Financial Times · 02/28/2024 09:22 EDT

Tech giant pulls plug on ‘Project Titan’ to fund a multibillion-dollar bet on generative artificial intelligence Read more ›

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Sequoia China founder Neil Shen took Singapore residency

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Financial Times · 02/28/2024 09:09 EDT

Companies backed by tech investor’s HongShan group subsequently expanded in city-state Read more ›

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Amazon to invest in start-ups that combine AI with robotics

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Financial Times · 02/28/2024 06:00 EDT

Franziska Bossart, head of ecommerce giant’s $1bn innovation fund, vows to increase deals aimed at automating retail network Read more ›

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Klarna reports annual loss ahead of possible listing

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Financial Times · 02/28/2024 03:20 EDT

Revenues at Swedish fintech climb as group sticks to expansion plan Read more ›

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Klarna loss narrows as it pushes ahead with expansion plan

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Financial Times · 02/28/2024 02:32 EDT

Revenues at Swedish fintech up 22% in 2022 Read more ›

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Neil Shen took Singapore residency as US-China tensions rose

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Financial Times · 02/28/2024 00:00 EDT

Companies backed by tech investor’s HongShan group subsequently expanded in city-state Read more ›

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Keily Blair, OnlyFans: ‘We are an incredible UK tech success story’

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Financial Times · 02/28/2024 00:00 EDT

The platform’s boss is proud of its adult-content creators — and dismissive of banks that shun them Read more ›

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Apple cancels secretive electric car project in shift to focus on AI

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Financial Times 3 place · 02/27/2024 16:16 EDT

Company ends decade-long research effort as electric vehicle industry loses momentum Read more ›

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Amazon lobbyists to be barred from European parliament

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Financial Times · 02/27/2024 15:42 EDT

Move comes after pressure from activist groups over transparency and working conditions at ecommerce group Read more ›

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