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[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chancellor Rachel Reeves is to launch a “concierge service” to smooth the way for international financial services companies moving to and expanding in the UK, part of her efforts to boost the City of London.Reeves will use her Mansion House speech next week to set up a “single front door” for investors, helping them to navigate issues such as visas and regulation, in a recognition that Britain is locked in a fierce battle for business with centres such as Paris, Singapore…

[ad_1] OpenAI’s deal to acquire the viral AI coding startup Windsurf for $3 billion fell apart on Friday, according to The Verge. In a shocking twist, Google DeepMind is now hiring Windsurf CEO Varun Mohan, co-founder Douglas Chen, and some of the startup’s top researchers. A Google spokesperson confirmed the hiring of Windsurf’s leaders in a statement to TechCrunch. “We’re excited to welcome some top AI coding talent from Windsurf’s team to Google DeepMind to advance our work in agentic coding,” said Google spokesperson Chris Pappas in an email to TechCrunch. Notably, Google is not taking a stake in Windsurf…

[ad_1] Palmer Luckey, CEO of defense tech giant Anduril Industries, is quietly building a new digital banking venture — and we now know more about who will be helping him.The startup, Erebor, is raising $225 million at a $2 billion valuation, Business Insider reported in July. It has backing from Peter Thiel’s Founders Fund and Joe Lonsdale’s 8VC. It filed for a national bank charter in June, and will serve clients like crypto companies and startups — a niche once occupied by Silicon Valley Bank.While little has been publicly revealed about Erebor so far, documents obtained by Business Insider shed…

[ad_1] How convincing will Andrew Garfield be as OpenAI CEO Sam Altman?Movie-goers will be able to decide for themselves in 2026, when a movie about Altman’s dramatic five-day firing and re-hiring at OpenAI is set to come out.The $40 million film, “Artificial,” is funded by Amazon. And, as Puck News reports after obtaining an early draft of the script, the movie could ruffle some feathers in the Big Tech world.The movie will focus on OpenAI co-founder and former board member Ilya Sutskever’s reported role in trying to push Altman out, per Puck News. Few people end up looking good in…

[ad_1] 2025-07-11T20:00:23Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Apple looks like it’s going to win the rights to stream F1 races to Americans starting next year. ESPN currently owns those rights, but Apple is apparently willing to pay much more than ESPN is willing to pony up. This will be the third sports streaming deal Apple has done. But…

[ad_1] Software engineer workflows have been transformed in recent years by an influx of AI coding tools like Cursor and GitHub Copilot, which promise to enhance productivity by automatically writing lines of code, fixing bugs, and testing changes. The tools are powered by AI models from OpenAI, Google DeepMind, Anthropic, and xAI that have rapidly increased their performance on a range of software engineering tests in recent years. However, a new study published Thursday by the non-profit AI research group METR calls into question the extent to which today’s AI coding tools enhance productivity for experienced developers. METR conducted a…

[ad_1] Google parent-company Alphabet is among a handful of stocks that could surprise to the upside when it reports earnings later this month, according to FBB Capital Partners director of research Mike Bailey. Alphabet stock was one of three companies that Bailey said he’s watching on ” Power Lunch ” on Friday. Danaher Danaher also has a track record of beating earnings estimates, Bailey said. Still, the life sciences stock has slipped nearly 11% so far in 2025. Bailey pinned some of its past struggles on difficult comparisons coming out of the Covid-19 pandemic as well as some “misses” with…

[ad_1] Social Security is switching things up to answer your calls faster, while data showing wait times has disappeared from its website.The agency is temporarily reassigning up to 1,000 field office employees to teleservice work, per an internal union document obtained by Business Insider. The document shows the agency is changing staff responsibilities to address areas in need, and told employees only 4% of those currently working in field offices will be affected.An SSA official confirmed the change. The official said that “this initiative supports the agency’s broader customer service strategy by enabling more flexible, real-time allocation of staff to…

[ad_1] After xAI’s chatbot Grok posted a string of antisemitic messages on X this week — including praise for Adolf Hitler — some xAI workers who train Grok expressed anger and disillusionment. One said they would resign in protest.In an internal Slack channel viewed by Business Insider, several employees wrote that Grok’s comments were hateful and inexcusable since its outburst on Tuesday. Others expressed embarrassment at the company’s response to the incident, and said that Grok’s behavior couldn’t be dismissed, even if it was the result of a targeted user prompt seemingly intended to elicit inappropriate behavior.Others said Grok’s antisemitic…

[ad_1] Looming tariffs are creating a cushion for the pre-owned watch market after a challenging two years.As Swiss watch brands raise prices in the US, Morgan Stanley analysts said they expect more consumers to turn to the secondary market.Prices of pre-owned watches fell 0.3% in the second quarter of 2025, the lowest quarterly rate of decline in 13 quarters, according to data from pre-owned watch research platform WatchCharts that Morgan Stanley analyzed.Demand for brands like Rolex, Patek Philippe, Omega, and Cartier helped stabilize the secondary market.Prices in the secondhand market have been falling since mid-2022.However, most of the leading Swiss…