Joe Miller / Financial Times: Josh Hawley, Ron DeSantis, Sarah Huckabee Sanders, and other Republicans publicly oppose President Trump's proposal to restrict US states from regulating AI — US president endorses move to restrict regulation by states after lobbying from Silicon Valley — A plan backed by Donald Trump …
Louis Ashworth / Financial Times: As OpenAI commits to spending $1.4T, creating a mesh of complicated deals, the startup does not disclose its auditor, and there is little information online — OpenAI is committed to spending about $1.4 trillion on data centres over the next decade or so. — It accounts for about two-thirds …
Financial Times: Sources: Larry Ellison is overhauling a £10B science initiative in Oxford after clashing with President John Bell, who left in September, and COO Lisa Flashner — Trump-supporting billionaire narrows EIT's ambitions by cutting initiatives and tightening control
Financial Times: Sources: Vinted is exploring a share sale that could value the company at ~€8B; Vinted says it expects 2025 revenue to cross €1B+, up from €813M in 2024 — Deal would highlight second-hand fashion start-up's rapid expansion and provide an exit for some early investors
Financial Times: Sources: Apple is intensifying CEO succession planning as Tim Cook, now 65, may step down as early as next year, with John Ternus seen as the likely successor — iPhone maker's board is preparing for its longtime leader to step down as early as next year — Apple is stepping …
Financial Times: Oracle shares are down nearly 30% in the past month, reversing more than $250B in market value gains following the announcement of its OpenAI deals in September — Larry Ellison's software company falls more than rivals over its borrowing and reliance on OpenAI contracts
Nikou Asgari / Financial Times: Kraken co-CEO Arjun Sethi criticizes UK crypto promotion rules requiring clear risk warnings, saying they hinder retail investors by slowing fund movement — Arjun Sethi says users are hindered by dire warnings and hurdles that slow down transactions — The head of crypto exchange Kraken …
Financial Times: Sources: Meta Chief AI Scientist Yann LeCun plans to leave Meta in the coming months to found his own startup; a source says he is in early talks to raise funds — Turing Award winner seeks to depart as Mark Zuckerberg makes ‘superintelligence’ push — Melissa Heikkilä in London …
Financial Times: Robinhood CEO Vlad Tenev says he aims to give “normal people” exposure to private AI companies via Robinhood Ventures' fund with 5+ “best in class” companies — CEO Vlad Tenev plans to offer shares in a fund that holds a handful of private artificial intelligence companies
George Hammond / Financial Times: Sources: Roelof Botha was ousted by senior Sequoia partners amid concerns about his “imperial style” leadership, AI investment strategy, and internal clashes — Partners called vote to oust chief after controversial incidents rocked Silicon Valley venture capital firm
Barbara Moens / Financial Times: Draft proposal: the EU weighs a pause and simplification of parts of the AI Act, with a decision expected on November 19, amid pressure from Big Tech and the US — Commission proposes pauses to provisions in digital rule book — The European Commission is proposing a pause to parts …
Financial Times: Jensen Huang warns “China is going to win the AI race”, after the US kept a ban on high-end AI chip sales to China, and says the West is held back by “cynicism” — CEO criticises western ‘cynicism’ while Beijing loosens regulations and cuts energy costs for data centres
Financial Times: Sources: Deutsche Bank is exploring ways to hedge its exposure to data centres after extending billions of dollars in debt to hyperscalers like Alphabet — Executives discussing options including shorting basket of artificial intelligence stocks or using derivatives to transfer risk
Financial Times: Uber reports Q3 revenue up 20% YoY to $13.5B, Gross Bookings up 21% YoY to $49.7B, trips up 22% YoY to 3.5B, and a $1.1B operating profit, below $1.6B est. — Ride-hailing company reassures investors that it enters busy festive period with ‘exceptional momentum’
Financial Times: Sources: China offers to cut data center power bills by up to 50% to Alibaba and others, if they use local chips like Huawei's over foreign ones like Nvidia's — Beijing introduces grants that slash power bills by up to half for some of the country's largest data centres
Dan Thomas / Financial Times: Ofcom chief Melanie Dawes warns social media companies to prove their algorithms protect under-18s from seeing harmful content, or face enforcement action — Ofcom chief Melanie Dawes reveals she held meetings with US AI firms over Online Safety Act — Tech companies will be subject …
Cristina Criddle / Financial Times: Character.ai plans to limit under-18s to two hours of conversations per day, gradually reducing the time limit before banning them completely from November 25 — Move comes following growing public and regulatory scrutiny over safety of the technology for young users
Tim Bradshaw / Financial Times: Substrate, which aims to challenge TSMC, raised $100M+ from Founders Fund, General Catalyst, and others at a $1B+ valuation as it seeks to boost US chip making — Substrate plans to use particle accelerators to lower cost of chip manufacturing — Silicon Valley investors …
Hannah Murphy / Financial Times: Sources: X's advertising chief John Nitti, who joined in January, has left; X's CFO Mahmoud Reza Banki left in early October after less than a year in the role — John Nitti was considered a contender for CEO of the social media platform after Linda Yaccarino quit in July
Christian Davies / Financial Times: 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 — Seoul says 330 of its nationals detained or abducted in the first eight months of this year — South Korea has prohibited …
Financial Times: HR software startup Deel raised $300M led by Ribbit Capital at a $17B valuation, up from $12.6B earlier in 2025, and says revenue crossed $100M in September — HR start-up raises $300mn from Ribbit, Coatue and Andreessen amid espionage allegations from rival Rippling
Financial Times: An investment consortium including BlackRock, Nvidia, xAI, and Microsoft plans to acquire Texas-based Aligned Data Centers from Macquarie in a $40B deal — Buyer consortium also includes Nvidia and Microsoft and plans to expand Aligned Data Centers to meet computing demand
Financial Times: The Dutch seizing Nexperia from Wingtech is a landmark moment, showing it made a mistake allowing its sale and how ensnared the EU is in the US-China tech war — The Dutch seizure of Nexperia shows how ensnared the EU is in the US-China tech war — The Dutch government's seizure …
Tim Bradshaw / Financial Times: UK startup Nscale signs an up to $14B deal with Microsoft to deploy ~104K Nvidia GB300 chips for Microsoft in Texas within 18 months and 12,600 GPUs in Portugal — Nvidia-backed AI cloud group secures huge new contract as chief executive eyes public listing in ‘back end of next year’
Financial Times: Court filings: the Dutch government seized Nexperia after the US said it would remain on its export control list if Chinese CEO Zhang Xuezheng stayed in charge — Takeover of Nexperia plunges Netherlands into US-China tech war — Andy Bounds in Horsens, Denmark, Ben Hall in London and Ryan McMorrow in Beijing
Financial Times: 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 — Europe's most valuable start-up has waited years for approval to begin lending in its home market
Financial Times: Sources: London-based self-driving tech startup Wayve is in early stage talks with Microsoft and SoftBank to raise between $1B and $2B, valuing it at ~$8B — London-based group seeks valuation of $8bn as global investors snap up deals with fast-growing AI start-ups
Financial Times: Sources: UK security services including MI5 step up work with the country's largest companies over hacking fears and to improve UK cyber warfare preparedness — High-profile hacks raise fears about the potential economic damage caused by disruption to supply chains and services
Michael Acton / Financial Times: Inside Intel's new 700-acre factories in the Arizona desert, which cost $32B and are starting large-scale 18A chip production, as it seeks to impress customers — Claims of a breakthrough at the chips company's new Arizona facility will be tested by sceptical Big Tech customers
Barbara Moens / Financial Times: Sources: Meta and Apple are close to settling two EU antitrust cases and agreeing to a deal to change their business practices after a total €700M in DMA fines — US Big Tech groups in final stages of agreeing deal with Brussels to avoid series of escalating fines
Financial Times: OpenAI's deals with Nvidia, AMD, Oracle, and others for computing power have topped $1T, dwarfing its revenue and raising questions about how it can fund them — Partners including Nvidia, AMD and Oracle have signed up to Sam Altman's huge bet on the future of artificial intelligence
Financial Times: Qualtrics agrees to acquire Press Ganey Forsta, which helps healthcare companies compile feedback from patients and doctors, for $6.75B including debt — Deal is latest in busy stretch for private equity-backed software and healthcare-focused technology businesses
Ellesheva Kissin / Financial Times: Deloitte says it will partially refund payment for an AU$439K Australian government report that contained multiple errors and was partly produced by AI — Big Four firm will repay final instalment after incorrect references and citations found in document — Deloitte will partially refund payment …
Financial Times: AstraZeneca signs $555mn AI deal to develop gene-editing therapies — Pharmaceutical company is latest to invest in artificial intelligence to speed drug development — AstraZeneca has signed a $555mn deal with a San Francisco-based biotech business that specialises in artificial intelligence …
Financial Times: Sources: Oaktree, EQT, DWS, and other private capital groups are seeking to cash in on the US-driven AI boom, launching €17B of European data center sales — Oaktree Capital, Partners Group and EQT among those seeking to cash in on AI boom — Private capital firms are seeking to cash …
Financial Times: Tech companies in the UK, Canada, and elsewhere seek talent amid the US H-1B clampdown, though some skeptics doubt Trump's policies will spur a tech boom abroad — Companies in the UK, Canada and elsewhere hope to attract more skilled workers — Rafe Rosner-Uddin in London …
Financial Times: A draft proposal outlines the European Commission's “Apply AI strategy”, which is set to be presented on October 7 and aims to “strengthen EU AI sovereignty” — Brussels to unveil plan targeting digital sovereignty as it warns technology can be ‘weaponised’ by geopolitical rivals
Financial Times: Sources: OpenAI and Jony Ive have yet to solve key technical and software issues that could delay the company's palm-sized device, slated for release in 2026 — ChatGPT maker is working with former Apple design boss to launch a palm-sized personal assistant next year
John Burn-Murdoch / Financial Times: GWI: Time spent on social media globally peaked in 2022 and is steadily declining; North America is the exception, with usage up 15% in 2024 compared to Europe — As platforms degrade into outrage and slop, users are turning away — In years to come, we may well look back on September 2025 …
Gregory Meyer / Financial Times: Walmart plans to attach sensors to the 90M grocery pallets it ships each year to its 4,600-store US chain by the end of 2026; tracked items include perishables — Retailer expands use of devices to monitor 90mn pallet deliveries a year from warehouses to its 4,600 US outlets
Financial Times: Asahi says most of its 30 factories in Japan have not operated since September 29 following a cyberattack, leaving Japan with just days of Asahi Super Dry stock — Vast majority of factories of nation's most popular beer have stopped work this week — Japan is just a few days away …
Financial Times: VW revives its struggling software unit Cariad after a “complete reset” of its strategy, including partnerships with Xpeng in China and Rivian in the US — Carmaker hails ‘massive transformation’ in software unit as it seeks to take on Tesla and Chinese EV rivals
Financial Times: Sources: Elon Musk's Tesla and xAI have had a wave of senior departures over the past year, driven by burnout, disillusionment with Musk's politics, and more — Churn at Tesla and xAI comes amid disillusionment with billionaire's activism, strategic pivots and mass lay-offs
Financial Times: Google DeepMind, Meta, Nvidia, and others are racing to release world models, aiming to navigate the physical world by learning from videos and robotic data — Google DeepMind, Meta and Nvidia are developing systems that aim to better understand the physical world
Financial Times: The US ambassador to the EU Andrew Puzder says the EU must either prove that its digital rules, such as the DMA, do not punish US tech companies or change them — Donald Trump's ambassador to EU says no US president can ‘allow these kinds of infringements’ on American companies
Financial Times: Sources: AI image generation startup Black Forest Labs is exploring raising $200M-$300M at a $4B valuation, after a prior undisclosed round at a $1B valuation — Black Forest Labs explores raising between $200mn and $300mn — A secretive, one-year-old German artificial intelligence start …
Stephen Foley / Financial Times: Accenture, which laid off 11K+ employees in the past three months, warns of more cuts if workers cannot be retrained to have the skills needed for the age of AI — Group details $865mn restructuring programme and outlook reflecting sluggish corporate demand for consulting projects
Financial Times: Circle president Heath Tarbert says Circle is exploring the possibility of reversible stablecoin transactions to allow refunds in cases of fraud or disputes — President says sector should learn from traditional finance and allow refunds in cases of fraud or disputes
Michael Moritz / Financial Times: Michael Moritz says Trump's “H-1B caper will backfire” and shows the “fragile grasp” Trump and his acolytes have of what makes the US tech sector so successful — The move shows how slender a grasp the president has of what makes the American economy so successful
Melissa Heikkilä / Financial Times: Researchers suggest LLM-powered medical AI tools understate the severity of symptoms in female patients and show less “empathy” toward Black and Asian patients — Large language models reflect biases that can lead to inferior healthcare advice to female, Black and Asian patients