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Business
Elon Musk boosting pay of AI engineers to prevent poaching from OpenAI
Tesla CEO Elon Musk said the electric vehicle giant is giving its artificial intelligence engineers a raise as the automaker tries to fend off poaching efforts by ChatGPT…
Ant Group embarks on global expansion without Jack Ma
When Chinese regulators torpedoed the $37bn listing of Ant Group in 2020 to rein in billionaire entrepreneur Jack Ma’s financial empire, the future of his lending and payments…
Mortgage rates hover near 7% with no sign of budging: Freddie Mac
Mortgage rates hovered in the 6.8% range again this week and are likely to remain in that range despite improving inflation metrics, according to Freddie Mac. The average…
British billionaire Joe Lewis avoids prison in insider trading case
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Joe Lewis, the British billionaire whose family owns…
Woman asks if makeup matters after she was turned down for job for not 'putting enough effort' into appearance
A New York-based millennial on TikTok asked her followers if not wearing makeup hurt female job seekers in a recent video that drew thousands of comments. Melissa Weaver, a…
UK under growing pressure to halt arms exports to Israel
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK government on Thursday came under increased…
Spotify plans to raise prices later this year: report
Listening to Spotify could get more expensive for some users this year. The cost of Spotify Premium subscriptions in the U.S. will rise later in the year, Bloomberg reported…
François Pinault’s grandson, 26, replaces him on Christie’s board
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A grandson of French billionaire François Pinault has…
FAA investigating possible close call between Southwest Airlines jet, air traffic control tower
The Federal Aviation Administration (FAA) is investigating whether a Southwest Airlines plane came close to an air traffic control tower after it veered off course during an…
Intel’s turnaround looks set to be a long haul for investors
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Is Intel in the middle of one of the greatest turnarounds…