OpenAI’s mind-boggling growth masks challenges

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Whatever the ultimate impact on our world of OpenAI and the human-level artificial intelligence it aspires to build, it can already claim one entry in the history books. No other company has ever built a … Read more

The economic consequences of a mad king

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world “Off with their heads.” This is the sentence that the Queen of Hearts, the incarnation of monarchical caprice in Alice’s Adventures in Wonderland, adores pronouncing. She might be entertaining. The reality, however, is … Read more

Decoding recent moves in Treasury yields

This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. The S&P 500 fell 2.2 per cent yesterday, after it was revealed US export controls would restrict Nvidia’s … Read more

The UK government needs a proper plan for steel

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has engaged in a dramatic rescue of British Steel, operator of the country’s last two blast furnaces at Scunthorpe in Lincolnshire. After recalling parliament from recess to pass emergency legislation, ministers have … Read more

Fire sales define moribund M&A market

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Yard sales signs spring up when households need to tighten belts and bolster savings. What was bright and shiny a decade ago may have lost its lustre. But for collectors with a discerning eye, there … Read more