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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A top provider of commercial satellite imagery that was blocked by the US from providing some data services to Ukraine is set to bid with Rheinmetall for contracts to build Germany’s intelligence capabilities.Vantor and Rheinmetall have signed a memorandum of understanding for a joint venture, according to a spokesperson for Vantor. US-based Vantor and Rheinmetall would also seek to bid for other European deals, said a person familiar with the partnership.Vantor, then known as Maxar Technologies, sparked controversy last year when its…
Workers at the Siemens Healthineers AG global capability center (GCC) in Bengaluru, India, on Thursday, on April 27, 2023. Global capability centers have evolved far beyond tech support, but their growth presents challenges for multinationals and Indian cities alike. Photographer: Aparna Jayakumar/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesWorkers around the world are using artificial intelligence, and commonly putting in unpaid time. But many still feel uneasy about their jobs and are not engaged in the workplace.These are just some of the findings from the People at Work 2026 report by payroll and human resources services provider ADP — which…
Why is Carvana stock sliding today? Source link
SpaceX will acquire AI coding tool Cursor for $60 billion in an all-stock transaction, the companies announced today. The deal is expected to close in the third quarter. It comes just two days after SpaceX’s unprecedented IPO and a few months after the merger of SpaceX and xAI, which brought a significant restructuring of xAI. Cursor was one of the first tools to fully bake features that leverage large language models into an IDE. It’s a branch of Visual Studio Code with heavy AI integration. However, incumbent platforms and bigger AI companies have since rolled out comparable features. Cursor has…
President Donald Trump on Wednesday said he will be “cancelling” the confirmation hearing for U.S. Attorney for the Southern District of New York Jay Clayton to become the director of national intelligence. It’s unclear why Trump is trying to delay Clayton’s confirmation hearing, scheduled for Wednesday afternoon. The president rolled through a list of grievances in a social media post where — hours before the hearing’s start time — he said it would be canceled. Included were concerns that the president’s pick for acting DNI, Bill Pulte, wouldn’t get to serve in the job, and that Clayton’s successor in SDNY…
LGBTQ+ consumers are shifting their brand loyalties based on companies’ diversity, equity and inclusion policies, according to new research from the Human Rights Campaign Foundation. The findings released Wednesday found that nearly 72% of LGBTQ+ consumers say they buy fewer products from companies they perceive as “reducing diversity and inclusion commitments.” Nearly 70% also said they have refused purchases from those businesses at least some of the time.The five companies those respondents most frequently linked to reduced spending were Target, Walmart, Amazon, Chick-Fil-A and Home Depot.On the other hand, HRC’s survey found nearly 70% of LGBTQ+ consumers are also rewarding…
Why is Braiin stock surging today? Source link
Anthropic’s longstanding push for regulation is coming back to bite it.The artificial intelligence company, now valued at close to $1 trillion, has spent years touting its dedication to safety. But for the second time this year, Anthropic has found itself caught in the Trump administration’s crosshairs, this time out of concern for the safety of its newest models. Late Friday, a couple hours after SpaceX wrapped up its first day of trading following a record IPO, Anthropic said it received an export control directive, ordering the company to suspend access to its latest Claude models, Fable 5 and Mythos 5,…
Candidates are making their final pitch for votes in the Makerfield by-election in a contest that could determine who becomes the next prime minister. Source link
Artificial intelligence has been the driving force for the stock market ever since late 2022, sending investors looking for exposure to the emerging technology. Now that momentum appears to be broadening beyond AI. The equal-weighted version of the S & P 500 is up 10.4% this year, through Tuesday’s close. Its market cap-weighted counterpart, meanwhile, has climbed 9.7% in that time. That puts the equal-weighted S & P on pace to outperform the conventional S & P on a yearly basis for the first time since 2022 — when ChatGPT debuted. Citigroup strategist Scott Chronert pointed to easing tensions between…