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The trio of OpenAI engineers who co-founded the firm’s Zurich office last year will indeed be leaving to join Meta—but they aren’t getting $100 million apiece to do so. Lucas Beyer posted on X Thursday that he, Alexander Kolesnikov, and Xiaohua Zhai would depart OpenAI to join the $1.8 trillion company led by Mark Zuckerberg. … Read more
Fund manager Dan Niles has thrown cold water over Nvidia‘s tentative recovery from Monday’s share price fall, warning that the chipmaker’s stock might not have hit the bottom. Shares in Nvidia slid 16.9% on Monday after Chinese startup DeepSeek claimed its free, open-source large language model was built in just two months costing $6 million, a fraction … Read more
Stay informed with free updates Simply sign up to the Capital markets myFT Digest — delivered directly to your inbox. Investors poured record amounts into global bond funds this year as they bet on a shift towards easier monetary policy by major central banks. Bond funds attracted more than $600bn in inflows so far this … Read more
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