Author: Jaxon Bennett

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Top recruiters are urging jobseekers to use artificial intelligence tools to apply for roles, indicating a growing acceptance of the new technology among employers.Several big international recruitment companies have started offering AI tools to candidates and are suggesting that using them to write CVs, draft cover letters and research job openings will help a wider range of candidates show their skills. James Barrett, managing director at Michael Page Technology, said it was “well down the path of established AI usage” in its recruitment…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Just Eat Takeaway has struck a deal to sell Grubhub for an enterprise value of $650mn, years after buying the US business for billions of dollars at the height of the pandemic-driven food delivery boom, sending shares up 20 per cent.The Netherlands-based group on Wednesday said it had reached an agreement with US-based Wonder Group to sell Grubhub, which it acquired in 2021 for $7.3bn. The company is expected to receive net proceeds of up to $50mn from the deal after customary…

Who will corporate America’s winners and losers be under four more years of Donald Trump? This week, the FT’s Brooke Masters, Stephen Morris and Jamie Smyth explain what changes a second Trump administration will bring to three crucial sectors: Wall Street, tech and energy.- – – – – – – – – – – – – – – – – – – – – – – – – – For further reading:Can the renewables boom withstand Trump?A Wall Street giddy over Trump should remember historyWho’s who in the Musk ‘A-team’ vying to shape Trump 2.0Trump 2.0: winners, losers and Elon-…

In 2023, Nasa reached a significant milestone in the race to transform how we communicate and share data. But, unlike its other projects, it went largely unnoticed. From a satellite in space, the agency fired a tiny laser back to Earth which transmitted a huge amount of data: 200 gigabits per second, the highest data rate ever achieved by optical communications technology. This transmission rate enabled the transfer of 3.6 terabytes of data to Earth in just 6 minutes. For comparison, the $10bn state of the art James Webb telescope, launched in 2021, can only transmit around 57 gigabytes of…

Elon Musk’s support for Donald Trump is set to boost X’s flagging business, with some marketers poised for a return to the social media platform in order to seek favour with the incoming administration.Media executives told the Financial Times that some brands were preparing to advertise on X once again, as its billionaire owner was likely to gain an influential role within a second Trump White House.The platform’s revenues have fallen dramatically since Musk’s $44bn acquisition two years ago, with some investor estimates suggesting its current valuation is less than $10bn. Brands have expressed concern that Musk has stripped back moderation,…

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.The writer is a science commentatorThe conversation about whether AI will attain or supersede human intelligence is usually framed as one of existential risk to Homo sapiens. A robot army rising up, Frankenstein-style, and turning on its creators. The autonomous AI systems that quietly handle government and corporate business one day calculating that the world would operate more smoothly if humans were cut out of the loop.  Now philosophers and AI researchers are asking: will these machines develop the capacity to be bored…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldDonald Trump is considering appointing antitrust officials who may press on with the Biden administration’s crackdown on Big Tech’s market power, in what would represent a break with the Republican party’s traditionally business-friendly stance.Gail Slater, a top aide to vice president-elect JD Vance, and Mark Meador, who previously worked as an enforcer at the Department of Justice’s antitrust division and the Federal Trade Commission, are the frontrunners to lead the FTC, according to people briefed on the matter.Some on Wall…

The legal operations specialists who use their technological knowhow to support companies’ in-house lawyers are the focus of this last instalment of the FT’s monthly Accelerating Business series for 2024. The series examines the way lawyers, managers and legal tech providers use the latest resources to keep pace with business needs: this time we highlight five legal operations professionals. They stand out for their efforts to make full use of technology, especially artificial intelligence, and for broadening the role and influence of this area of in-house legal teams’ work. The five were selected by FT research partner RSGI. Rosario Alonso…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.SoftBank Group wants to build a happier future for all through artificial intelligence technologies. The Japanese tech investor has just posted its biggest quarterly profit in two years. That, combined with founder Masayoshi Son’s restraint in making risky investments in recent years, gives Son the cash and credibility to make a big bet on the next AI breakthrough.SoftBank reported net income of ¥1.18tn ($7.7bn) for the latest quarter, higher than expected and a sharp turnaround from a net loss of ¥931bn last…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Masayoshi Son’s SoftBank Group swung to a ¥1.2tn ($7.8bn) profit in its latest quarter, driven by a string of successful initial public offerings in India and better tech valuations.The company’s results easily beat analysts’ forecasts for a profit of just ¥286.8bn and comes after a ¥931bn loss in the September quarter last year and a ¥174.3bn loss in its previous quarter.The rebound was helped by a strong fiscal second quarter for its risk-taking and tech-heavy Vision Funds, which reported a gain on…