Author: Jaxon Bennett

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK government will provide businesses with a new platform to help assess and mitigate the risks posed by artificial intelligence, as it seeks to be the global leader in testing the safety of the novel technology. The platform, launched on Wednesday, will bring together guidance and practical resources for businesses to use to carry out impact assessments and evaluations of new AI technologies, and review the data underpinning machine learning algorithms to check for bias.Science and tech secretary Peter Kyle said…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Super Micro Computer said on Tuesday that an independent probe into concerns flagged by former auditor EY had turned up no evidence of fraud or misconduct by its management or board, but its shares fell as it said it was unsure when it would file its annual report with regulators. The server maker’s stock, which had soared off the back of hype surrounding artificial intelligence, had fallen by one-third last week after EY said it was resigning as its auditor. In a…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple has warned investors that future products may never be as profitable as its iPhone business, as it pushes into unproven new markets such as artificial intelligence and virtual reality headsets. The iPhone maker added the new warning on growth and profit margins to its latest annual report, in the list of “risk factors” facing the tech group’s business. “New products, services and technologies may replace or supersede existing offerings and may produce lower revenues and lower profit margins,” Apple said, “which…

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.The writer is director of the AI and geopolitics project at the Bennett Institute for Public Policy, Cambridge university and author of ‘AI Needs You’Twenty-five years ago, a college student’s file-sharing programme sparked a war that nearly destroyed the music industry. In 1999, while record executives were focused on the lucrative CD market, Shawn Fanning’s Napster unleashed a digital revolution. Its rise and fall is a cautionary tale for the creative industries and artificial intelligence companies at war today. Napster offered music…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. In case you have not been following the news, there is an election today. And it appears that investors have finally accepted that the two candidates are neck and neck. The dollar and the 10-year Treasury fell yesterday as investors started to unwind their “Trump trades”.…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in Palantir Technologies surged as much as 15 per cent in after-hours trading on Monday as Peter Thiel’s data analytics group reported record quarterly income and raised its revenue forecast, citing high demand for its artificial intelligence software.Palantir shares have risen 140 per cent this year, adding about $60bn in market value. It means it now trades at more than 100 times future earnings, making it the most expensive software stock on the market.The Denver-based company said on Monday that revenues…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseThe US election: it’s all about Elon Musk! Or so it might seem. The Tesla boss has thrown money and airtime at Donald Trump. A Republican win could put Musk in government, while a win for Democrat Kamala Harris could — he has joked — put him in prison. More likely, the contest will change his fortunes in more prosaic ways.Musk’s sprawling business empire makes the election outcome very much in his interest — but it’s not clear he…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The rapid rise of artificial intelligence gives the world’s largest oil companies a major incentive to increase their investments in renewable energy, according to Sultan al-Jaber, the chief executive of Abu Dhabi’s national oil company.“The size of this opportunity only became very apparent about 18 months ago when ChatGPT took off,” said Jaber in an interview with the Financial Times.He spoke as the chief executives of oil groups Shell, BP and TotalEnergies met tech companies including Microsoft, financiers including Mark Carney, the…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseElon Musk has used his ownership of X to promote Donald Trump’s re-election as “the only way to save democracy”. Jeff Bezos’s commitment to The Washington Post’s “Democracy Dies in Darkness” motto is in question after he stopped his paper from endorsing a presidential candidate. And the role Mark Zuckerberg’s social media platforms play in spreading political misinformation remains a topic for furious argument. Five spots below them on Bloomberg’s list of the world’s richest people, a lower-profile tech billionaire…

Big Tech’s capital spending is on track to surpass $200bn this year and rise even further in 2025, as anxiety grows on Wall Street about the returns on soaring investment in artificial intelligence. The four biggest US internet groups — Microsoft, Meta, Amazon and Google’s parent Alphabet — this week offered investors brief glimpses into the benefits they are seeing from their headlong rush into generative AI, arguing that it was boosting the performance of core services and helping to hold down operating costs. But the stock market suffered a spasm on Thursday as investors looked past the imprecise benefits…