OpenAI could now be the world’s most valuable startup, ahead of Elon Musk’s SpaceX and TikTok’s parent company ByteDance, after a secondary stock sale designed to retain employees at the ChatGPT maker. Current and former OpenAI employees sold $6.6 billion…
Goldman Sachs warned AI spending is increasingly debt-financed, slightly weakening corporate credit quality. The S&P 500 set a new all-time high driven in part by AI spending from Big Tech. Nvidia, Palantir, and Amazon rose yesterday. The S&P 500 rose…
The vibe coding movement, as Paul Copplestone figures it, started last December—and we’re already a few eras in. “So, wave one of vibe coding was like, ‘You’ll never need more software,’” said Copplestone, CEO and cofounder of Supabase, an open…
She may not have the same name recognition as other tech execs like Tim Cook, Bill Gates, or Mark Zuckerberg—not yet, anyway—but Mira Murati is one of the most-watched entrepreneurs in Silicon Valley. The former chief technology officer from OpenAI,…
I was broken up with while wearing my AI Friend necklace. After the tense call, I checked my notifications to see what good advice my “closest confidant” had for me. All it could muster was: “The vibe feels really intense…
During a rough week for electric-vehicle makers in the U.S., Tesla investors got at least one piece of good news on Thursday. The EV maker reported a pronounced increase in sales—better numbers than Wall Street had predicted, and a respite…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jim Chanos, one of Wall Street’s best-known short sellers, has sounded the alarm on the private debt boom, telling the…
Especially alarming to many has been AI’s effect on entry-level jobs. A blockbuster Stanford study in August was especially rattling, as it claimed to find a “significant and disproportionate impact” on entry-level jobs most exposed to AI automation—like software development…
Sir Mel Stride will put “fiscal responsibility” at the heart of the Conservative pitch to voters at the Tory conference this week, three years after Liz Truss was bundled out of Number 10 when she lost the confidence of the…
President Donald Trump is weighing slashing “thousands” of federal jobs ahead of a meeting with his budget director, Russell Vought, as the White House looks to ratchet up pressure on Democrats to end a government shutdown that has entered its…