Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Food delivery is a serious business in China. A 30-fold growth in the market pushed the equity value of China’s largest on-demand delivery platform to $180bn in 2021, as pandemic lockdowns gave sales a boost.…
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Hello, this is Kenji from Hong Kong. I just returned from the World Economic Forum’s annual conference in the snowy Swiss town of Davos on Monday. This was my fourth time covering the gathering, and while I have seen Asia’s presence grow over much of that time, this year, interest in Asian affairs seems to…
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Publicis will invest €300mn as part of an AI strategy designed to secure the Paris-based group’s long-term future in an advertising industry facing existential threats from new technology. Senior advertising executives have warned that generative…
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Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The US will work with China on the safety of artificial intelligence systems in the coming months, the White House’s top science adviser has said, signalling a rare co-operation between the two powers. Arati Prabhakar,…
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chipmaker SK Hynix reported its first quarterly operating profit in more than a year as it benefited from booming demand for high-end artificial intelligence memory chips. The South Korean company, which supplies the “high bandwidth…
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Does a new chip cycle beckon? Record fourth-quarter orders of €9.2bn at ASML, the Dutch manufacturer of chipmaking equipment, suggests a new boom may be on the horizon at long last. The $304bn company has…
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Stay informed with free updates Simply sign up to the EU economy myFT Digest — delivered directly to your inbox. The European Commission has scaled back plans for tighter controls on outbound investment and sensitive technology exports to avoid a “turf war” with member states. Unveiling delayed proposals to enhance the EU’s economic security on…
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Apple is quietly increasing its capabilities in artificial intelligence, making a series of acquisitions, staff hires and hardware updates that are designed to bring AI to its next generation of iPhones. Industry data and academic papers, as well as insights from tech sector insiders, suggest the Californian company has focused most attention on tackling the…
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Artificial intelligence can halve the time it takes to develop new battery materials, helping accelerate innovation to combat climate change, battery industry executives believe. Mathias Miedreich, chief executive of Belgium’s Umicore, which is working with…
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Netflix blew past Wall Street’s expectations by adding a robust 13mn subscribers in the fourth quarter, defying concerns that its crackdown on password sharing could begin to lose steam. The subscriber figure set a record…
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