News

The writer is a science commentator People who are very rich or very clever, or both, sometimes believe weird things. Some of these beliefs are captured in the acronym Tescreal. The letters represent overlapping futuristic philosophies — bookended by transhumanism and longtermism — favoured by many of AI’s wealthiest and most prominent supporters. The label,
0 Comments
The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy The US banking tremors are evolving. The first phase of the turmoil, when sudden and massive deposit outflows from poorly-managed and inadequately-supervised banks caused spectacular failures, has been stabilised. The current phase, which focuses on funding cost and balance sheet
0 Comments
A British citizen pleaded guilty on Tuesday to US computer hacking charges, including a 2020 attack on Twitter that took over dozens of celebrity accounts to solicit more than $115,000 in cryptocurrency. Joseph James O’Connor, known online as PlugwalkJoe, was extradited from Spain to the US on April 26. “O’Connor used his sophisticated technological abilities . . . to
0 Comments
In 1900, the UK had 3.3mn horses. These animals provided pulling power, transport and cavalry. Today, only recreation is left. Horses are an outmoded technology. Their numbers in the UK have fallen by around 75 per cent. Could humans, too, become an outmoded technology, displaced by machines that are not just stronger and more dexterous
0 Comments
European stocks fell at the open on Tuesday as traders turned cautious ahead of the release of US economic data likely to inform the Federal Reserve’s future decisions on interest rates. Europe’s region-wide Stoxx 600 benchmark fell 0.3 per cent in the first hour of trade and France’s CAC fell 0.4 per cent. Meanwhile, contracts
0 Comments
Good morning. Just a few years ago, if you mentioned the Federal Reserve’s Senior Loan Officer Opinion Survey — even in the FT newsroom — people’s eyes would glaze over by the time you got to the word “officer”. Now that we’re all waiting for a Fed-induced credit crunch, everyone is tossing around the term
0 Comments