Uber Commits $10bn to Robotaxis in Strategy Shift
Uber announced a $10 billion capital commitment to accelerate its robotaxi program, marking a strategic pivot from traditional ride‑hailing toward fully autonomous fleets. The company plans to roll out commercial robotaxi services in select U.S. markets by 2026, leveraging existing ride‑share infrastructure and new partnerships with autonomous‑technology firms. Funding will support vehicle procurement, software development, and regulatory compliance. Uber expects the move to diversify revenue and position the brand at the forefront of urban mobility innovation.
Bain & Co Vulnerability Exposed by Hacker a Month After McKinsey
A hacker publicly exposed internal Bain & Company documents, including client identifiers and proprietary methodologies, just weeks after a similar breach at rival McKinsey. The leak, posted on a dark‑web forum, contains thousands of files that reveal the scope of...
Clients’ Barrage of AI-Generated Queries Risks Pushing up Lawyers’ Fees
Law firms are seeing a surge in AI‑generated client inquiries that demand rapid, detailed responses. Attorneys report that the volume and technical specificity of these queries are stretching resources and prompting many firms to raise hourly rates or introduce flat‑fee...
UK Exposes Covert Russian Submarine Operation
British defence officials announced that a Russian diesel‑electric submarine operated covertly in UK waters earlier this year, evading detection for weeks before being identified by Royal Navy sonar and forced to surface near Portsmouth. The vessel, believed to be a...
OpenAI Halts Stargate UK Data Centre Project
OpenAI announced it is suspending the construction of its Stargate data centre in the United Kingdom, a project originally slated to cost roughly £200 million (about $250 million). The facility was intended to house some of the world’s most powerful AI compute...
Will AI Make It Harder for Non-Graduates to Climb the Jobs Ladder?
Artificial intelligence is reshaping the labour market, with new research suggesting that up to a third of routine, low‑skill roles could be automated within the next decade. The Financial Times analysis warns that non‑graduate workers are likely to bear the...
Amazon in Talks to Buy $9bn Satellite Group Globalstar in Bid to Rival Musk’s Starlink
Amazon is reportedly in advanced negotiations to acquire Globalstar, a satellite communications firm valued at roughly $9 billion. The move would give Amazon a low‑Earth‑orbit constellation capable of delivering broadband services worldwide. Analysts see the deal as Amazon’s bid to build...
Delaware Judge Reassigns Musk Cases After LinkedIn Row
A Delaware Court of Chancery judge stepped aside from several high‑profile lawsuits involving Elon Musk after the billionaire posted a contentious comment on LinkedIn. The judge’s recusal prompted the court to reassign the cases to a different chancellor, resetting procedural...
Eli Lilly to Sign $2bn Deal for AI Drug Development with Hong Kong Biotech
Eli Lilly has agreed to a roughly $2 billion partnership with a Hong Kong‑based biotech firm to develop new medicines using artificial‑intelligence platforms. The deal will give Lilly access to the startup’s AI‑driven discovery tools while providing the biotech with Lilly’s clinical expertise...
Social Media Is Populist and Polarising; AI May Be the Opposite
The Financial Times argues that social media platforms are inherently populist and polarising because their algorithms reward sensational, emotionally charged content with higher engagement. By contrast, artificial intelligence offers the possibility of delivering balanced, fact‑checked information that could dampen echo...
OpenAI to End Disney Deal and Sora Video App
OpenAI announced it will end its partnership with Disney and shut down the Sora video generation app. The move comes after mounting regulatory scrutiny and concerns about deep‑fake misuse. Disney will explore other AI vendors while OpenAI refocuses on text‑based...
Arm Shares Rise as It Forecasts Revenue Boost From In-House AI Chip
Arm Holdings announced that its newly developed in‑house artificial‑intelligence processor will drive a significant revenue uplift, prompting the company's shares to climb about 5% in early trading. The firm projects double‑digit top‑line growth for the fiscal year, positioning the chip...
Britain Must Be More Vigilant to the Risk of Sabotage by Hostile States
Britain is urged to heighten vigilance against sabotage by hostile states after a series of unexplained disruptions at ports, power substations and other critical sites. The government plans a sweeping risk‑assessment of energy, transport and digital infrastructure, coupled with tighter...
The Rise of Deepfakes and How to Stop Them
Financial Times AI correspondent Melissa Heikkilä explores the rapid rise of deepfake technology, highlighting how user‑friendly tools now let anyone swap faces or generate synthetic video. The piece details real‑world scams that leverage convincing fake footage to deceive victims and...
Reeves to Say She Will Back Compulsory Purchase Powers for Oxford-Cambridge Corridor
UK Chancellor Rachel Reeves announced she will use compulsory purchase powers to force development of a high‑tech corridor between Oxford and Cambridge, dubbed the "Silicon Valley of Europe." The move is part of a broader growth strategy that includes a...
