Articles from www.ft.com

Articles from www.ft.com

Google, Meta, and Microsoft collectively spent nearly $80B on AI infrastructure in Q3, dividing the market on whether they can translate huge capex into income (www.ft.com)
19 hours ago Google Microsoft AI

Life sciences group Thermo Fisher agrees to acquire PE-owned drug trial software maker Clario for $9.4B in an all-cash deal expected to close by mid-2026 (www.ft.com)
1 day ago

Nvidia opens at a $5T market cap, becoming the first company to hit the milestone, climbing 5% in early trading; NVDA is up 50% in 2025 and 1,275% since 2022 (www.ft.com)
1 day ago Nvidia

SK Hynix says its DRAM, NAND, and HBM production capacity for next year “has been sold out” and that it would set up a production system to meet OpenAI's demand (www.ft.com)
2 days ago

Visible Alpha: Apple's Services unit revenue is set to hit $108.6B in the year to September, its first time above $100B and up 13% YoY, ahead of its Q4 results (www.ft.com)
2 days ago Apple 4Q

Sources: Forge Global, a leading platform for trading stakes in private startups, is exploring a sale, after its stock fell 90% since its 2021 IPO (www.ft.com)
3 days ago IPO Startup

Sources: JPMorgan Chase is giving staff the option to use its in-house LLM to write year-end performance reviews, a shortcut to the often painstaking process (www.ft.com)
3 days ago JPMorgan

Employees are increasingly using AI to create ultra-realistic fake expense receipts; AppZen and others attribute the rise to advances in image generation models (www.ft.com)
4 days ago AI

Inside OpenAI's deals with Nvidia, Oracle, and AMD, where sources say Sam Altman largely relied on his executive team, with little input from outside advisors (www.ft.com)
4 days ago Oracle Nvidia AMD

Inside OpenAI's deals with Nvidia, Oracle, and AMD, in which Sam Altman largely relied on his executive team, with little input from outside advisors (www.ft.com)
4 days ago Oracle Nvidia AMD

Data center startup Crusoe raised $1.4B led by Mubadala and Valor, more than tripling its valuation to $10B+ in one year and taking its total funding to $3.9B (www.ft.com)
7 days ago Startup

Airbus, Leonardo, and Thales agree to a deal to combine their space businesses, promising “significant synergies” in a bid to build a European SpaceX competitor (www.ft.com)
7 days ago Europe Airbus SpaceX

Lawyers for a teen who died by suicide after allegedly discussing methods with ChatGPT call OpenAI's request for all memorial documents “intentional harassment” (www.ft.com)
7 days ago

Ofcom: UK traffic to porn sites has fallen by almost a third since introducing new age verification rules in July; Aylo says Pornhub's traffic has fallen by 77% (www.ft.com)
8 days ago

Sources: a16z is aiming to raise $6B for its growth fund, $3B for AI deals, and $1B for American Dynamism; the $10B total would be its largest fundraise to date (www.ft.com)
8 days ago U.S. AI

Electricity demand from data centers powering the AI boom has caused a gas turbine supply crunch, as the US becomes the epicenter of new gas-fired power plants (www.ft.com)
8 days ago AI

Non-profit Cyber Monitoring Centre estimates that the Jaguar Land Rover cyberattack cost the UK economy at least £1.9B and affected over 5,000 UK organizations (www.ft.com)
8 days ago

Sources: Sequoia COO Sumaiya Balbale resigned after the firm refused to discipline partner Shaun Maguire over his comments calling Zohran Mamdani “an Islamist” (www.ft.com)
9 days ago

Carbon accounting authority Greenhouse Gas Protocol proposes its first update in a decade to tighten its rules, threatening US giants like Amazon and Meta (www.ft.com)
9 days ago Amazon

CoMind, which is developing a non-invasive brain monitoring device with tech similar to Lidar, raised $60M led by Plural, bringing its total funding to $102.5M (www.ft.com)
11 days ago

A look at the Crylock ransomware scheme, orchestrated by a Russian couple who targeted as many as 400,000 victims and earned over €64M in BTC over eight years (www.ft.com)
11 days ago Russia

Sources: Chinese companies including Ant Group and JD.com pause plans to issue stablecoins in Hong Kong after instructions from regulators not to move ahead (www.ft.com)
12 days ago China Hong Kong

South Korea restricts travel to Cambodia over online scam center kidnappings; the UK and US sanction Cambodia's Prince Group for allegedly running scam centers (www.ft.com)
13 days ago Korea Cambodia

European automakers warn of substantial disruption to production after China cut off Nexperia's outbound shipments following the Dutch seizure of Nexperia (www.ft.com)
13 days ago China Europe Netherlands

Analysis: ten loss-making AI startups, including OpenAI, gained ~$1T in valuation over the past year, fueling concerns of an inflating bubble in private markets (www.ft.com)
14 days ago Startup AI

Investigation: the Trump family's crypto empire has reaped over $1B in pre-tax profits over the past year; Eric Trump says the true figure is “probably more” (www.ft.com)
15 days ago Trump Tax

Sources: OpenAI makes a five-year business plan to meet $1T+ spending pledges; it currently books ~$13B in ARR, 70% of which comes from consumers using ChatGPT (www.ft.com)
16 days ago

Sources: Bank of England officials are holding up Revolut's full UK licence over concerns about whether its risk controls can keep pace with its global growth (www.ft.com)
16 days ago

Dealroom: 230+ European defense tech startups have launched since Russia's invasion of Ukraine, with VC funding reaching $1.5B this year, mostly for drone tech (www.ft.com)
17 days ago Russia Europe Startup Drone Ukraine

Strava CEO Michael Martin says Strava plans to launch a US IPO; Sensor Tower says Strava has 50M MAUs and users spent $180M+ on Premium in the year to September (www.ft.com)
17 days ago IPO Sensor

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