Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves will on Friday sign off a £1bn defence contract that will be crucial for the survival of Britain’s last military helicopter manufacturing site. Treasury officials said the chancellor was approving the contract with … Read more
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OpenAI has closed another round of funding, totalling $110 billion being newly committed to the maker of ChatGPT, which it says has more than 900 million weekly active users and over 50 million consumer subscribers. Amazon is investing $50 billion and striking a deal that includes custom models for it to use with Alexa. Nvidia … Read more
Payment giant PayPal is expanding access to its stablecoin through a new platform it says will allow devleopers to create their own US dollar-pegged tokens backed by PayPal USD. PayPal, MoonPay and stablecoin platform M0 on Friday announced PYUSDx, a product aimed at helping developers launch PayPal USD (PYUSD)-backed stablecoins for use within applications, or … Read more
If you’re downloading the installer from within macOS Tahoe, you’ll see a pop-up when the download completes, telling you that the installer can’t be run from within that version of macOS. Since we’ll be running it off of its own USB stick, you can safely ignore this message. Settings for formatting your USB disk to … Read more
A rise in the need for computers and data centers to power AI is causing a massive shortage of RAM, driving memory prices sharply higher. Now, analyst firm IDC predicts that this will cause smartphone shipments to plummet by 12.9% this year, making it the biggest single-year dip in more than a decade. Hours after … Read more
Weeks after stepping down as CEO from food delivery service Zomato and its parent Eternal, Indian entrepreneur Deepinder Goyal is back with a $54 million raise for wearable startup Temple, part of what the 43-year-old earlier described as a shift toward “higher-risk exploration and experimentation.” On Friday, Goyal said in a post on X that … Read more
Christopher Saunders/Netflix “The Night Agent” has thrilled a lot of folks scrolling through Netflix. But the creator had to learn a few lessons before he launched one of the biggest shows on the streaming platform. In fact, Shawn Ryan credits one of his biggest failures as a … Read more
Thanks to Prada, the barn jacket has been elevated to transitional essential—the label’s spring/summer 2024 collection included a parade of them in navy, bordeaux, army green and caramel with an oversized fit. While mens’ barn jackets (a.k.a chore coats) originated in ’20s as utilitarian workwear, they’ve since been adopted for daily use and become a … Read more
South Korea’s National Tax Service (NTS) accidentally exposed a crypto wallet seed phrase in an official press release on Thursday, leading to a loss of 4 million PRTG (Pre‑Retogeum) tokens worth about $4.8 million from the address, according to local media reports. According to multiple Korean media reports on local sites Naver, Chosun and others, … Read more