Tesla founder and CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on win-win cooperation, citing
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Trump’s criminal hush money trial continues in New York. On Thursday, former National Enquirer publisher David Pecker told the court he made deals with Michael Cohen and Trump to “kill” embarrassing stories that would damage his presidential campaign, including Trump’s alleged affair with Playboy model Karen McDougal.
Open your virtual A-eyes. A new study testing ChatGPT’s artificially intelligent image creator showed an aggressive tilt toward men over women when asked to depict business people and chief executive officers, according to finance company Finder. Using DALL-E the generative AI, prompt-based photo creator integrated into ChatGPT from parent company OpenAI 99 out of 100
US regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp. said Friday, underscoring the challenges facing regional banks a year after the collapse of three peers. The Philadelphia-based bank, which had abandoned funding talks with a group of investors, was seized by the Pennsylvania Department
An American venture capitalist says now is the time to bet big on Israel despite the country facing a multi-front war against Iran-backed terrorists in Gaza and Lebanon. Aaron Kaplowitz, who founded 1948 Ventures only days after the deadly Oct. 7 Hamas terror attacks, invests in Israeli early-stage dual-use companies, firms that create technologies with
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla is partnering with Chinese search giant Baidu to deploy mapping and navigation technology in China, as Elon Musk moves closer to rolling out more advanced driver assistance features in the world’s biggest auto market.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an international lawyer and founder of España Mejor, a non-partisan organisation to counteract political disengagement and polarisation Pedro Sánchez, Spain’s Socialist prime minister, startled the nation last Wednesday when he said he
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk met senior Chinese trade officials in Beijing on Sunday as the Tesla chief faces questions over slowing sales growth for his electric vehicles and data security concerns in the world’s biggest car market.
Stay informed with free updates Simply sign up to the Airlines myFT Digest — delivered directly to your inbox. A shortage of aircraft seats is adding to bottlenecks in the industry’s supply chains, hampering plans by airlines to refurbish cabin interiors and unveil new upgraded planes. Aircraft seats, in particular those for first and business
Microsoft and Google’s owner Alphabet have quashed investor scepticism around the vast sums spent on developing artificial intelligence, after being boosted by rampant corporate demand for their cloud computing services. The combined market value of the two US tech giants rose by more than $250bn on Friday, a day after each reported double-digit revenue growth
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Topsy-turvy US economic data released this week left markets in a pickle, but still just outside the danger zone. Official figures revealed on Thursday that the US economy was not necessarily streaking ahead of the
Oh, sweet the ‘nanny state’ is back! Fast-food chains and coffee shops in New York City would have to slap a warning on menu boards and packaging under a new rule from the Adams administration. The city Health Department’s first-in-the-nation edict will mean labels warning on food and drinks with more than 50 grams of
TikTok has vowed to wage a legal war after President Biden signed into law a bipartisan bill that forces its Beijing-based parent company to sell the popular video-sharing app or face a US ban. “Rest assured — we aren’t going anywhere,” Tiktok CEO Shou Zi Chew said in a video posted moments after Biden signed
Goldman Sachs shareholders on Wednesday voted against proposals to divide the CEO and chairman roles held by David Solomon — bucking pressure from two influential proxy advisers to bolster corporate governance. But shareholders brushed off the concerns of Institutional Shareholder Services and Glass Lewis during Goldman’s annual meeting, which was held in Salt Lake City
Meta Platformsdisappointed investors on Wednesday with forecasts of higher expenses and lighter than expected revenue, evaporating $200 billion in stock market value and raising fears that the surging cost of AI is outpacing its benefits. Shares of the Facebook and Instagram parent dropped about 15% in extended trade following the report, with its market capitalization
Mark Zuckerberg received the lowest salary of all of Meta’s staff in 2023, with his measly $1 salary — though the Big Tech chief raked in a staggering $24.4 million in “other compensation.” According to a proxy filing statement, the lion’s share of this “other compensation” covered Zuckerberg’s security costs. Though the Securities and Exchange
One pastor and author, who has studied and examined over 1,000 accounts of near-death experiences, believes that these types of incidents further prove God and the Bible. Its when someone clinically dies their heart stops, they have no brain waves, Burke, author of the new book Imagine the God of Heaven: Near-Death Experiences, Gods Revelation,
Alphabetannounced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share. Just three
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. The US economy grew less than expected in the first quarter of 2024, at an annualised rate of 1.6 per cent, hit by higher inflation data that spooked investors. The growth figure from the Bureau
Facing one of the worst stock slumps in Tesla’s 14-year history, Elon Musk was under pressure this week to deliver a reassuring message to investors about its next generation of electric vehicles and a persuasive vision for an AI-driven, automated future. Instead, what the chief executive offered — alongside even worse than expected first-quarter profits
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