Author: Jaxon Bennett

Before she joined Logitech two years ago, chief executive Hanneke Faber submitted herself to a boot camp: 48 hours of computer gaming, coached by her 20-something son in Detroit. “He gave me a test afterwards,” says Faber, “which I passed.”Gamers are core customers of the Swiss technology hardware group. Its gaming brand, Logitech G, which has its own website, sells G Hub software and high-specification hardware, including specialised headsets, keyboards and a bewildering array of mice — the product the company is still best known for.Founded in 1981 and headquartered in Lausanne, Switzerland, with offices and innovation centres from San…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.OpenAI has reached a deal with tax and accounting software company Intuit to feed personal financial data into ChatGPT, as the start-up seeks to expand the uses of artificial intelligence and its sources of income.Intuit’s apps, which include TurboTax and Credit Karma, will be available in OpenAI’s ChatGPT chatbot under the terms of the $100mn multiyear deal, opening up data from Intuit’s roughly 100mn users to the AI start-up. The software company, which also owns QuickBooks and Mailchimp, would pay OpenAI for use of…

This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and fortnightly on Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. If Russia attacked Nato, would the continent’s crumbling bridges, mismatched rail tracks and border bureaucracy prevent troops, tanks and other reinforcements from across the Atlantic reaching the front line in time? Our visual investigation takes you through the onerous 45-day military journey across Europe.Today, our Berlin bureau chief previews a joint Franco-German effort to swing behind a pan-European…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Amazon is seeking to raise $12bn in its first US bond sale in three years, becoming the latest big tech group to turn to debt markets to fund a spending spree on artificial intelligence infrastructure.The Seattle-based ecommerce and cloud computing giant launched the bond sale on Monday and is targeting approximately $12bn across about six investment-grade bonds, according to a person close to the deal.Goldman Sachs, JPMorgan Chase and Morgan Stanley are managing the sale, according to regulatory filings. Amazon said: “Like…

Stay informed with free updatesSimply sign up to the Technology sector myFT Digest — delivered directly to your inbox.Elsewhere on the internet today, tech blogger Ed Zitron has an interesting post about OpenAI’s cash burn. The gist is that OpenAI’s running costs may be a lot more than previously thought, and that its main backer Microsoft’s doing very nicely out of their revenue share agreement.The post cites data purportedly showing OpenAI’s inference spend on Microsoft’s Azure web-hosting platform. Inference is the process by which applications such as ChatGPT call on large-language models to generate responses. Pre-publication, Ed was kind enough…

The European tech industry is often said to have fallen behind its Chinese and American counterparts. However, it could be the key to boosting growth in the continent’s economies.Of the 300 companies surveyed as part of the Financial Times report into Europe’s Long-term Growth Champions, tech businesses made up almost 20 per cent — the largest proportion of any sector.Virta, an electric vehicle charging company, which says its platform provides access to more than 550,000 charging points in more than 65 countries, is top of the overall list. The Helsinki-based company’s co-founder Jussi Palola, says the company’s ability to navigate…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China is going to win the artificial intelligence race, says Jensen Huang. At first glance, it is easy to assume Nvidia’s billionaire founder is just talking his book. Nvidia does stand to gain the most from any narrative that encourages the US to step up its investment in AI or ease regulatory restrictions on its development, thus boosting demand for Nvidia chips. But does he have a point?Not long ago, about a fifth of Nvidia’s data centre revenue came from China. Its…

Stay informed with free updatesSimply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox.A SoftBank-backed Indian eyewear retailer seesawed in its Mumbai trading debut after raising $821mn, in an illustration of concern over heady valuations that have helped drive a boom in Indian initial public offerings.Shares in Lenskart Solutions, which were issued at Rs402 ($4.53), initially tumbled as much as 11 per cent and later traded flat despite the offer being subscribed 28 times, largely by institutional investors.Its listing comes during an Indian IPO boom as many businesses seek to take advantage of…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Tesla shareholders are set to vote on Elon Musk’s $1tn pay deal on Thursday after the mercurial billionaire warned he will quit if the proposal fails.Musk has argued he needs the package of additional shares to increase his control of the electric-vehicle maker to at least a quarter, up from 16 per cent, to protect Tesla from activist investors as it builds powerful artificial intelligence models and an “army” of millions of humanoid robots.Tesla shareholders must decide whether the risk of losing…

US voters issued a rebuke of President Donald Trump, US stocks dropped on Tuesday as jitters over highly elevated valuations for many artificial intelligence companies intensified, and some investors are worried there’s an AI bubble in Asian stocks as well. Plus, UniCredit’s ambition to become a European banking powerhouse has hit a series of roadblocks. Mentioned in this podcast:US election results liveListen to the Swamp Notes podcastUS stocks slide as investors fret over high valuations for AI companiesAsian markets’ reliance on AI boom raises ‘bubble’ fearsWhat next for Andrea Orcel’s UniCredit?Today’s FT News Briefing was produced by Marc Filippino, Sonja…