Billionaire investor says US stocks are in ‘very similar’ position as lead-up to internet bust at turn of millennium

Also in today’s newsletter, Trump pushes India to buy more US weapons, and SoftBank set to invest in robotics start-up

SoftBank is in talks to lead a funding round for artificial intelligence robotics start-up Skild AI that would more than double its valuation to close to $4bn, as Masayoshi Son hunts for deals to match his vaunted ambitions for the sector.

DeepSeek’s announcement that it has built competitive AI using many fewer resources than big US rivals stunned the markets this week. Chipmakers and power companies plunged in value, and Sam Altman, boss of OpenAI,

Companies are looking into the ways in which AI can reduce humanity’s impact on areas such as agriculture, healthcare and environmental conservation

Part of seizing the benefits of AI and digital government more broadly is transparency about what you’re doing, why you’re doing it and what is working and isn’t. And one of the unalloyed positives about digital government in the UK has been the capacity to not only publish data on the outcomes of government efforts but also to show its working.

The Chinese company DeepSeek has shocked the world with an AI model that could rival those built by the biggest artificial intelligence companies in Silicon Valley. For years it has been assumed that China’s AI companies were trailing in the wake of US rivals such as OpenAI,

Sonja Hutson Good morning from the Financial Times. Today is Tuesday, January 28th. And this is your FT News Briefing. US tech stocks took a nosedive after a Chinese AI company stunned the industry. Plus, Starbucks wants to brew up more business, so now you got to pay to be there. I’m Sonja Hutson, and here’s the news you need to start your day.

For anyone wanting to train an LLM on analyst responses to DeepSeek, the Temu of ChatGPTs, this post is a one-stop shop. We’ve grabbed all relevant sellside emails in our inbox and copy-pasted them with minimal intervention.

Stargate, a high-profile artificial intelligence infrastructure project trumpeted by US President Donald Trump this week, will exclusively serve ChatGPT maker OpenAI, according to people familiar with the matter.

Financial services firms are already being transformed by AI, but as it evolves, how can leaders tackle security risks and keep building competitive advantage?

US tech stocks tumbled after advances by Chinese start-up DeepSeek ignited worries over whether America could sustain its lead in artificial intelligence. Latin American leaders will hold an emergency summit to respond to President Donald Trump’s mass deportations of migrants, and Starbucks is cracking down on non-customer access to its stores.