Articles from www.ft.com

Articles from www.ft.com

Memo: White House says it has info indicating “foreign entities, principally based in China” are engaged in “industrial scale distillation” of American AI tech (www.ft.com)
1 hour ago China U.S. AI

Anthropic and law firm Freshfields sign a deal to develop specialized legal AI tools for document drafting, contract review, due diligence, and more (www.ft.com)
4 hours ago AI

Sources: DeepSeek is fundraising to keep its researchers, some of whom have left for rivals whose valuations have soared; it is targeting a $20B valuation (www.ft.com)
4 hours ago

A poll of 4,000 workers in the US and the UK finds that the highest-earning and most experienced workers are adopting AI in their jobs far faster than others (www.ft.com)
8 hours ago AI

Documents and sources: insurers including QBE and Beazley are moving to cap cyber policy payouts for losses and regulatory fines tied to AI use and “LLMjacking” (www.ft.com)
1 day ago AI

Sources: OpenAI has pledged up to $1.5B to a new JV with PE firms, starting with $500M in equity; the JV will be valued at $10B in a May funding round (www.ft.com)
1 day ago Equity

Top law firm Sullivan & Cromwell told a US federal bankruptcy court that a major filing it made in a high-profile case contained multiple AI hallucinations (www.ft.com)
1 day ago AI

Sources: Revolut is aiming for a valuation of $150B to $200B in an IPO; founder Nik Storonsky said this week that Revolut would IPO in 2028 at the earliest (www.ft.com)
2 days ago IPO

Sources: Jeff Bezos' Project Prometheus is close to a $10B fundraising deal, which includes an initial $6.2B raise in November, at a $38B post-money valuation (www.ft.com)
2 days ago Jeff Bezos

Match Group CEO Spencer Rascoff says growing women's share on Tinder is his “primary focus” to stem user declines; Sensor Tower says 75% of Tinder users are men (www.ft.com)
3 days ago Sensor

Airbnb launches a pilot in NYC, LA, and other cities that lets users to select from a range of boutique hotels alongside private homes in a bid to boost growth (www.ft.com)
4 days ago Airbnb

Sources suggest Anthropic's holding back from a wider Mythos release until it can reliably serve it to customers; Anthropic has suffered outages in recent weeks (www.ft.com)
5 days ago

Sources: Recursive Superintelligence, a four-month-old start-up developing self-teaching AI and founded by ex-DeepMind and OpenAI engineers, has raised $500M+ (www.ft.com)
5 days ago AI

An interview with Dario Amodei, who says the negative narrative around AI is dominant because the industry hasn't yet fully delivered the benefits it promises (www.ft.com)
6 days ago Interview AI

SynMax: ~40% of US data centers due in 2026 are facing delays, with major sites for Microsoft, OpenAI, and others likely set back by more than three months (www.ft.com)
6 days ago Microsoft

Uber agrees to pay ~€270M for an additional 4.5% stake in German food delivery rival Delivery Hero from Prosus, which would bring its total stake to ~7% (www.ft.com)
6 days ago Germany Uber

Sources: China mobilizes multiple agencies to probe Meta's $2B Manus deal; some officials worry aggressive measures may send chilling signals to the tech sector (www.ft.com)
6 days ago China

OnlyFans is in advanced talks to sell Architect Capital a below 20% stake at a $3B+ valuation, down from a previously reported ~60% stake at a ~$5.5B valuation (www.ft.com)
6 days ago

Trainer maker Allbirds, which sold last week for $39M after its valuation fell from $4B in 2021, says it aims to become an AI compute provider; BIRD jumps 150%+ (www.ft.com)
8 days ago AI

Sources and analyst estimates: Uber is on track to spend $7.5B+ on buying robotaxis and $2.5B+ on equity stakes in their makers over the next few years (www.ft.com)
8 days ago Uber Equity

Sources: ahead of US midterms, Democrats have been advised not to antagonize a ~$300M pro-AI lobby; internal polling shows broad support for tougher AI rules (www.ft.com)
8 days ago AI Democrat

Iran's internet blackout enters a record 45th day, per NetBlocks, amid the war; the country's 90M people now rely on the domestic National Information Network (www.ft.com)
9 days ago Iran

AI penetration testing company CodeWall says its agent was able to hack into one of Bain's internal AI tools, following a similar hack at McKinsey (www.ft.com)
9 days ago AI

The EU appoints Anthony Whelan as its top competition official; Whelan says he will press ahead with Big Tech investigations despite President Trump's pressure (www.ft.com)
10 days ago Trump

Law firms say lawyers are spending more time responding to swaths of AI-generated client documents, potentially leading firms to raise fixed-fee contract prices (www.ft.com)
10 days ago AI

Sources: Meta is building photorealistic, AI-powered 3D characters; Zuckerberg helped train and test an AI version of himself that offers feedback to employees (www.ft.com)
10 days ago AI Zuckerberg

Sources: UK regulators plan to warn banks, insurers, and exchanges about security risks exposed by Claude Mythos Preview at a meeting within the next two weeks (www.ft.com)
10 days ago

Analysts and researchers say Google's TurboQuant compression algorithm to make LLMs more efficient is more likely to expand memory chip demand than reduce it (www.ft.com)
11 days ago Google Algorithm

A wave of top AI researchers returned from the US to China in the past year, driven by better pay, quality of life, and a more restrictive US immigration system (www.ft.com)
11 days ago China AI Immigration

Ramp data: 30.6% of US businesses paid for Anthropic's tools in March, up from 24.4% in February; OpenAI's US business adoption remained nearly flat MoM at ~35% (www.ft.com)
12 days ago

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