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Big tech continues to rock

Meta will reward shareholders with its first-ever dividend and an additional $50bn in share buybacks, US President Joe Biden has approved financial sanctions on Israelis in the West Bank, and Tesla chief executive Elon Musk is hitting back after a Delaware court struck down his $56bn pay package. Plus, the EU has agreed a deal…
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2 February 2024 0

New Holcim boss faces long road to decarbonisation

More than two decades ago, Miljan Gutovic, pursuing an engineering PhD at Sydney’s University of Technology, set out to explore how waste clay materials could be used to lessen cement’s climate impact. The challenge that the Sarajevo-born Australian will face from May as the chief executive of Swiss cement giant Holcim will be much the…
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2 February 2024 0

Amazon predicts cloud growth will gain steam as earnings bounce back

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Amazon’s bumper holiday season and forecasts for accelerating cloud growth boosted its shares as earnings rebounded from last year. Sales at Amazon’s closely watched cloud computing division AWS, a critical profit driver for the business,…
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2 February 2024 0

German liberals pull plug on EU law to prevent supply chain abuses

Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. The future of sweeping EU legislation to punish companies for environmental and human rights abuses in their supply chains has been cast into doubt after German government ministers pledged to oppose it. Germany’s Free Democrats…
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1 February 2024 0

Tesla is five times bigger than all the public companies in Texas

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk has done another thing, which obliges us to do another thing. Here, per MainFT, is the latest thing: Elon Musk has said Tesla will “immediately” hold an investor vote on whether to move…
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1 February 2024 0

Why AI hallucinations can be a good thing

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is founder of Sifted, an FT-backed site about European start-ups The tendency of generative artificial intelligence systems to “hallucinate” — or simply make stuff up — can be zany and sometimes scary, as…
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1 February 2024 0

China chases AI memory and cooling tech heats up

Hi everyone! This is Cheng Ting-Fang sending greetings from Europe, where I am basking in the unexpected glow of winter sunshine. I recently embarked on a twin-city trip to Brussels and London, where I had the privilege of participating as a panellist in two dialogues between the European bloc and the Indo-Pacific region. The journey…
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1 February 2024 0