Author: Jaxon Bennett

Games Workshop, maker of the hit tabletop fantasy Warhammer, has battled its way to the gates of the FTSE 100 three decades after listing on the London stock market. The company, whose hundreds of stores worldwide serve legions of fans of its complex games, is expected to replace value retailer B&M, Mike Ashley’s Frasers Group or homebuilder Vistry when the index’s latest reshuffle is announced on Wednesday.Games Workshop’s elevation into the ranks of the 100 biggest UK-listed companies marks the culmination of a stunning rise in its shares, which are hovering around a record high that gives the group a market…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.One of Poland’s wealthiest entrepreneurs wants influential figures from his country to take legal action against Facebook parent Meta, over the alleged spread of “deepfake” scams on the social media company’s platforms.Rafał Brzoska, the founder and chief executive of parcel locker company InPost, told the Financial Times he had identified about 150 prominent people in Poland targeted by artificial intelligence generated impersonations to join a lawsuit against the $1.45bn tech group. Brzoska said the action would be a “follow-up” to the recent…

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Abba co-founder Björn Ulvaeus has warned that generative artificial intelligence “has the power to cause great damage” to musicians after a report showed that the technology risked costing artists about a fifth of their revenues by 2028.An economic study, published by the International Confederation of Societies of Authors and Composers (CISAC) on Wednesday, found the industry faces a significant fall in income as AI-generated music is trained on, and then replaces, the work that they do.Ulvaeus, president of CISAC, which commissioned the…

By the end of their 138th Zoom meeting, the group of Japan’s leading experts in the world’s most critical technology finally had their plan: a blueprint for the country’s biggest industrial comeback in more than half a century.The secret project, presented to the country’s prime minister in 2020, was designed to create, out of nowhere, a world-leading semiconductor manufacturer. Japan was once the leader in this $600bn industry but surrendered that position to rivals in the US, South Korea and Taiwan. Now it wants its crown back.“I explained to [then prime minister Shinzo] Abe-san that this was the most important…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Job interviews are laden with opportunities for humiliation. Who wants to describe their greatest weakness to a panel of peers? Or be made to feel like a quiz show contestant with brainteasers like “how many golf balls can you fit in a Boeing 747?”. Unfortunately for job seekers, the rigmarole is getting increasingly out of hand. Demands from hiring committees in the tech sector are piling up. That means more interviews but also more technical tests. Alongside coding evaluations come requests for essays,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Microsoft was able to steal a march on the rest of the technology industry in the booming field of generative artificial intelligence due to its close alliance with OpenAI.But to judge by the number of announcements at Amazon Web Service’s annual tech showcase event in Las Vegas this week, the AI gap in the cloud computing world has narrowed. Microsoft’s biggest cloud rival has now embedded generative AI deeply into its computing platform and infused the technology into many of its services, according to…

Stay informed with free updatesSimply sign up to the US equities myFT Digest — delivered directly to your inbox.Investors’ rush into artificial intelligence stocks this year has overplayed the near-term potential of the technology, raising the risks of a “correction” in share prices, asset management powerhouse Vanguard has warned.Joe Davis, Vanguard’s chief economist, said investors have gone too far in their bets on AI’s potential, even if the technology proves to have similar effects to the personal computer, whose adoption since the 1980s revolutionised productivity and jobs.The cautious remarks from the world’s second-largest asset manager add to the fierce debate…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldMeta has conceded it was too heavy-handed with certain content moderation in the past, in an overture to Donald Trump as its chief executive Mark Zuckerberg seeks an “active role” in shaping tech policy debates with the incoming US administration. Sir Nick Clegg, Meta’s president of global affairs, said the social media platform previously “overdid it a bit” when moderating pandemic-related content, a concession that appears designed to placate the president-elect, who has repeatedly accused the company of censorship and silencing…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China will ban shipments to the US of several “dual-use” items used in semiconductor manufacturing and military applications, as Beijing retaliates against the semiconductor restrictions Washington unveiled on Monday. China’s commerce ministry on Tuesday said it would not permit the export of dual-use items related to gallium, germanium, antimony and superhard materials to the US, and that it would implement stricter controls for graphite-related items. The items are used in the production of semiconductors as well as in military applications such as…

One mega pay-package smackdown to start: A Delaware judge rejected Elon Musk’s record-breaking $56bn pay package for the second time.Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site version of the newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday to Friday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters. Get in touch with us anytime: Due.Diligence@ft.comIn today’s newsletter:Intel’s chief quits with chipmaker in crisis9fin raises $50mn in fresh investment roundFewer people want a CFA certificateIf Pat Gelsinger couldn’t revive Intel, can…