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/

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 [email protected] 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 on.ft.com/4ojL2n0

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

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.

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...

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...

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 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

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...

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

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

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 https://www.ft.com/content/7a9d0c47-5294-46b7-9d06-181654129d43

Oracle shares jump after upbeat forecast for cloud division https://www.ft.com/content/dadc5cbe-67a5-44c9-9b7b-5c23bf4e77ee

Microsoft to rank ‘safety’ of AI models sold to cloud customers https://www.ft.com/content/02f39b33-fa6e-4bb7-b1f4-8171b50738af

Triumphing under Trump: the corporate winners and losers https://www.ft.com/content/368586a4-80e6-4715-b56e-dd63f8c7df59

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 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

New York Times agrees first AI deal with Amazon https://www.ft.com/content/bc73404e-6f01-4b9e-9563-1a5f055d2c98

SpaceX rocket goes boom. Again. on.ft.com/43ii3bN

Humanoid robots spark debate about safety, form and function https://www.ft.com/content/02f72125-dbc9-451d-84f8-1dc9e8bfb8ee

This week various tech chiefs gathered on screen at Microsoft's Build dev conference in Seattle, reflecting how dependent they've become on a half-century-old software giant. The likes of Elon Musk, Sam Altman and Jensen Huang are relying on Microsoft to make AI work.

Microsoft to offer Elon Musk’s xAI models to cloud customers https://www.ft.com/content/ea49c61c-4ad2-4221-838b-617f762125d4

FT Weekend, the Saturday edition of the Financial Times, is now on Bluesky. Follow us for the best of our journalism, from Life & Arts, HTSI magazine and House & Home to FT Weekend Magazine, FT Money and FT Globetrotter's city guides bsky.app/profile/ftwe...

Billionaire philanthropist Bill Gates said in an interview that Tesla chief Elon Musk had acted through ignorance during what Gates described as misguided cuts to US development assistance www.ft.com/content/bdd9...

NEW: Amazon's Zoox has secured a site in the Bay Area to ramp up production as it seeks to expand in Waymo's backyard in San Francisco. on.ft.com/4d7VPwm

DoorDash strikes £2.9bn deal for Deliveroo https://www.ft.com/content/641f2cbc-e7d7-494d-b698-b794fd75f656

'Escape from Alcatraz' aired on PBS last night. Less than 24 hours later and US President Donald Trump said he would tariff movies made overseas and reopen the notorious prison. Cinema truly moves people.

Chinese exporters ‘wash’ products in third countries to avoid Donald Trump’s tariffs https://www.ft.com/content/147fddbb-7031-4347-9251-4425614e138d

Warren Buffett just announced his retirement! www.ft.com/content/2d8a...

Jeff Bezos to sell up to $4.75bn in Amazon stock https://www.ft.com/content/bc4465d2-59ae-41fd-8b1a-8c39a9091cd4

New 📈✍️ with @rafeuddin.ft.com Trump execs suggest robots can fill US manufacturing labour gaps after reshoring. But experts say cost and lack of skilled workers mean companies can't "pivot on a dime". China & Korea's 🤖 booms came after lots of government subsidies. US robots will be tariffed...

Microsoft wins Big Tech’s first earnings battle since Donald Trump’s tariffs https://www.ft.com/content/6ed1f0ed-935a-4bd2-9c54-e340651b0b28

Amazon falls after profit forecast misses expectations https://www.ft.com/content/fb135172-c94a-4060-9034-f7abb9bc05fe

Microsoft shares jump after software giant’s earnings top forecasts https://www.ft.com/content/9443ca4b-09c1-4f21-ba71-3953b3e0a714

White House lashes out at ‘hostile and political act by Amazon’ https://www.ft.com/content/a06e80e7-97d0-4f29-9153-1e4219a88713

New: Amazon is pressuring suppliers to cut prices to dampen the impact of tariffs as it races to save its third quarter when a bumper Prime Day sales event is planned. My rundown of the e-commerce giant’s tariff playbook.

Amazon’s rival to Starlink makes first satellite launch https://www.ft.com/content/f9668af9-657c-4567-9f73-ed19cca10dd1

Demand slump fuelled by Trump tariffs hits US ports and air freight https://www.ft.com/content/967a0c1a-6ae5-4d72-bd78-b7a8bdabccea

NEW from the team: another look at the supply chain behind the iPhone and why it would be impractical to manufacture in the US: ig.ft.com/us-iphone/

Scoop: Apple aims to source all US iPhones from India in pivot away from China on.ft.com/42vIHNX

Musk forced back to the boardroom as Doge ‘blowback’ pummels Tesla https://www.ft.com/content/0e6bcdc2-aa2e-43e9-a4cb-c986147af8d5