FT readers contribute: "(f)rpo's (forever) remaining performance obligations [until cancelled]"

Oracle shares slide as data centre spending mounts Larry Ellison’s company is investing billions to supply huge amounts of computing power to AI groups such as OpenAI

Oracle slightly living down to investor worries over AI: higher than expected capex, lower than expected revenues.

Shares down in afterhours, @rafeuddin.ft.com reports
www.ft.com/content/3633...

New: Big Tech is spending billions on data centres in the US to train and deploy AI models. But these plans could fail due to a power bottleneck.

w/ @financialtimes.com visual storytelling and energy colleagues.

Full article: ig.ft.com/ai-power/

Larry Ellison scales back £10bn Oxford science institute in leadership rift [FREE TO READ] Trump-supporting billionaire narrows EIT’s ambitions by cutting initiatives and tightening control

I've been working with colleagues for several months to tell the story of Larry Ellison's institute in Oxford. It's a tale of grand vision and turbulent management.

Please reach out on Signal at rafeuddin.01 or via email at rafe.uddin@ft.com if you have relevant information.

on.ft.com/4pkBtF2

Breaking news: Amazon’s cloud business was hit by an outage on Monday. Websites including Snapchat, Lloyds Bank and BT were all suffering from disruption www.ft.com/content/f9d1...

Salesforce boss Benioff walks back Trump praise after widespread backlash Venture capitalist Ron Conway resigns from board of company’s philanthropic arm in protest at comments

Salesforce boss Benioff walks back Trump praise after widespread backlash on.ft.com/4ojL2n0

Mostly Richard!! We could not confirm which number wife Ellison is now on.

Oracle’s astonishing jam-tomorrow OpenAI trade In the long run, we are all data

Cleaner read from @bryce.lol: www.ft.com/content/8689...

How Oracle’s Larry Ellison rode the AI ‘tsunami’ [FREE TO READ] Tech billionaire capitalised on the AI boom to briefly claim the title of world’s richest person

We also wrote about how Oracle reached this point and some of the complications in the deal here: on.ft.com/4n0cu91

Larry Ellison, the tech world’s great survivor [FREE TO READ] At 81, Oracle’s co-founder has reinvented himself as a power in AI to become (briefly) the richest person in the world

NEW: Larry Ellison was back in the spotlight this week with Oracle hitching its wagon to OpenAI with a $300bn five-year deal. Can it deliver? Can the start-up afford it? Investors think so.

Fun to help Richard Waters on the @financialtimes.com Person in the News. on.ft.com/46eLlIj

Bangladesh’s missing billions, stolen in plain sight | FT Film [FREE TO READ] Over $200bn was allegedly plundered from Bangladesh during Sheikh Hasina’s time as prime minister

NEW: Earlier this year the FT launched an investigation into UK City Minister Tulip Siddiq’s links to alleged embezzlement in Bangladesh.

Our investigation contributed to her resignation, but also invited us to take a deeper look at the alleged looting of billions of dollars.

on.ft.com/4pjqCMi

I had a lot of fun dragging a cofounder to go and catch Cofounders the Musical. A show that reminds audiences that trillions of dollars in market cap runs on cringe.

Column includes thoughts from show-backer Reid Hoffman and co-writer Ryan Nicole Austin.

Meta inflated ad performance and bypassed Apple’s privacy rules, tribunal hears [FREE TO READ] Former product manager alleges social media platform misled marketers in push for revenues

NEW: During a hearing in London, Meta sought to block the disclosure of docs in a employment tribunal.

Following a application by the FT, we were able to report claims Meta inflated its ad performance and bypassed Apple’s privacy rules. w/‪@mshannahmurphy.bsky.social‬

on.ft.com/4mBbAQf

New visual story: Inside the relentless race for AI capacity

The quest for superintelligence is spurring a data centre boom — but critics question the cost, environmental impact and whether it is all needed

ig.ft.com/ai-data-cent...

Inside the relentless race for AI capacity The quest for superintelligence is spurring a data centre boom — but critics question the cost, environmental impact and whether it is all needed

The FT's Visual Storytelling team has published the first part in a trilogy exploring the relentless race for AI capacity and the data centres at the heart of hundreds of billions of dollars in capital investment.

It's a tale of breathless ambition: ig.ft.com/ai-data-cent...

What will it take for robotaxis to go global? [FREE TO READ] The concept has been proved, but scaling up services beyond a handful of cities will require tens of billions in new investment

We've encouraged recent visitors to the FT's San Francisco bureau to hail a ride with Waymo. The experience is proving popular in the tech-forward city but how will robotaxis meaningfully scale across the globe?

Story with @tim.fo and Stephen Morris

on.ft.com/4lKMy0P

Uber agrees multibillion-dollar deal with Lucid for electric robotaxi fleet Ride-hailing app to buy 20,000 EVs and invest $300mn in Lucid alongside partnership with self-driving start-up Nuro

Uber agrees multibillion deal with Lucid for electric robotaxi fleet https://on.ft.com/3GTjvIZ

NEW: Google is expected to agree a discount deal with the General Services Administration over current cloud contracts. Amazon and Microsoft to follow suit as Trump presses Big Tech, according to a senior GSA official.

Story with @joemillerjr.ft.com and Stephen Morris

NEW: Amazon is discussing plans to invest billions more into AI start-up Anthropic as it tries to position itself ahead of Google and capitalise on Microsoft’s fraying OpenAI relationship.

Story with @criddle.bsky.social and @georgehammond.bsky.social

Tony Blair’s staff took part in ‘Gaza Riviera’ project with BCG Former UK prime minister’s institute participated in meetings on plan to turn shattered enclave into trading hub

NEW: Tony Blair's staff took part in a BCG project for the redevelopment of Gaza along the lines of the 'Trump Riviera' plan www.ft.com/content/0b1b...

Builder.ai ‘Chief Wizard’ Sachin Dev Duggal made $20mn in share sales [FREE TO READ] Former chief executive of collapsed Microsoft-backed start-up also borrowed against holdings

SCOOP! Sachin Duggal, founder and "chief wizard" of the now defunct tech unicorn Builder.ai, made $20mn from selling shares in the company

Builder.ai collapsed last month, after raising half a billion dollars, when revenues had to be dramatically restated

With @bondhack.ft.com

on.ft.com/4k8t44A

How Mark Zuckerberg unleashed his inner brawler [FREE TO READ] The boss’s transformation shocked liberals at Meta, but his closest allies say this is who he was all along

After months of reporting (and even my own attempt at a jiu jitsu class), my FT Magazine cover story on Mark Zuckerberg’s metamorphosis to red-blooded “Maga Mark” is out!

Is this political expediency, a midlife crisis or who Zuck has been all along?

on.ft.com/4nsoktx

Microsoft prepared to walk away from high-stakes OpenAI talks [FREE TO READ] ChatGPT maker’s plans to convert into a for-profit leads software giant to make contingency plans

EXC: Microsoft has considered walking away from talks with OpenAI over the future of their partnership, instead sitting on a favourable contract that runs until 2030.

Story from @criddle.bsky.social, @tabbykinder.bsky.social and @georgehammond.bsky.social

on.ft.com/3ZCHyCp

Barbie-maker Mattel partners with OpenAI to make artificial intelligence child’s play Toymaker and tech group team up to ‘bring the magic of AI to age-appropriate play experiences’

Barbie-maker Mattel partners with OpenAI to make artificial intelligence child’s play

www.ft.com/content/7a9d0c47-5294-46...

Oracle shares jump after upbeat forecast for cloud division Chief says cloud infrastructure business was expected to grow more than 70% in the next fiscal year

Oracle shares jump after upbeat forecast for cloud division

www.ft.com/content/dadc5cbe-67a5-44...

Microsoft to rank ‘safety’ of AI models sold to cloud customers Tech group’s corporate clients use its ‘leaderboard’ to assess rival offerings by likes of OpenAI and Elon Musk’s xAI

Microsoft to rank ‘safety’ of AI models sold to cloud customers

www.ft.com/content/02f39b33-fa6e-4b...

Triumphing under Trump: the corporate winners and losers How global companies have fared since the US president’s inauguration

Triumphing under Trump: the corporate winners and losers

www.ft.com/content/368586a4-80e6-47...

Uber looks to be readying for life after Dara Khosrowshahi, but one former executive tells the FT that they can't conceive of a business where he might hold the same amount of control.

FT Wealth in white font above a picture of a young man in polo gear sitting in a chair on a dry grass field with a dog and a classic car in the background

FT Wealth is out in today’s paper, with a fresh redesign and fabulous stories, from India’s Instagram prince to the chances of a billionaire tax. You can read all the stories here too www.ft.com/ft-wealth