Cyber attackers are experimenting with their latest ransomware on businesses in Africa, Asia and South America before targeting richer countries that have more sophisticated security methods. Hackers have adopted a “strategy” of infiltrating systems in the developing world before moving to higher-value targets such as in North America and Europe, according to a report published…
Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spotify turned the largest quarterly profit in its 18-year history as chief executive Daniel Ek makes good on his promise of a “new phase” for the streaming group after decades of freer spending. Spotify reported…
Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk has pledged to appeal against a court order in Australia to scrub footage of a violent attack in Sydney from his X social media platform, accusing Prime Minister Anthony Albanese’s government of censorship. …
Read more
More than a decade ago, ByteDance founder Zhang Yiming sketched out an idea for a new social media company on a napkin in a Beijing coffee shop. Faith in Zhang led the local partner at Jeff Yass’s Susquehanna International Group to invest $80,000 in the parent company of TikTok and follow up with another $2mn…
Read more
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The chief executive of BCG has said the $12bn consulting firm expects to generate a fifth of its revenues in 2024 from helping corporations integrate artificial intelligence into their businesses, a share it projects will…
Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investor enthusiasm for all things artificial intelligence propelled shares in chipmakers and Big Tech to new heights. But the AI boom has also produced some unexpected winners. Intuit, which makes the popular TurboTax software, is…
Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. TikTok is gearing up for a long legal battle against legislation in the US that threatens to ban the app in its largest market if its Chinese owner ByteDance refuses to sell the viral video…
Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sweden is Europe’s capital markets winner of the past decade, with more companies listing than in Germany, Italy or France. Games maker Embracer is doing its bit to maintain that trend: it announced plans on…
Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Embracer Group, the Tomb Raider developer that became Europe’s most valuable video games business after a rapid series of acquisitions, plans to split into three listed companies as it battles to regain investor confidence. Lars…
Read more
The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times