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How Israel has dismantled governance in the West Bank | FT #shorts
Financial Times· 2025-09-20 01:52
Earlier this week, Israel sent troops into Gaza City, an offensive that it has threatened for quite some time in order to take over control of almost the entire enclave. At the same time, in the last 23 months, it has been carrying out a different sort of offensive in the occupied West Bank. Last month, uh my colleagues and I, we traveled around significant parts of the West Bank.First, we went north to the northern West Bank to the city of Janine where there's a refugee camp. In January, the Israeli milita ...
Recall Me Maybe | FT Drama
Financial Times· 2025-09-18 04:07
Technology & Memory - The system uses AI and probability algorithms to generate memories from data, which may include biases [4][9][11] - The AI system aims to recreate people as they were, not just the nice parts, acknowledging that memory is biased and subjective [14] - The technology not only recreates old memories but also improves current working memory [16] Ethical & Philosophical Implications - The system's generated memories may not be the truth, but neither is memory itself [14] - The question arises whether rebuilding memories rebuilds the true self [7] - The technology raises concerns about who owns the archive of memories and its potential for misuse [8] Emotional & Psychological Impact - The process of reliving memories can be troubling and can taste like sick [4][13] - The system can generate new memories from data, leading to uncertainty and questioning of reality [5] - The technology can evoke strong emotional reactions, including fear, anger, and confusion [10][16]
Costly climate change is forcing insurers to get creative | FT Rethink
Financial Times· 2025-09-15 04:02
So Lee, what are we here to talk about today. Extreme weather is forcing insurers to make big changes to their business model and get more creative. So what impact might that have.Insurers have had to pay out more than hundred billion dollar a year in natural catastrophe losses every year this decade. This year has already seen heavy insured losses with January's wildfires in LA costing the industry 30 to40 billion. LA is just one of many destinations where residents are moving into harm's way.In the US, pe ...
FT and Schroders Business Book of the Year 2025 — the longlist | FT #shorts
Financial Times· 2025-09-15 03:59
Themes of the FT Shroers Business Book Award Long List - The long list consists of 16 books [2] - Three main themes are geopolitics, genius, and growth [1] Geopolitics - Several books focus on the US and its relationship with the rest of the world, especially China [1] Genius - Books explore Sam Altman of OpenAI and Jensen Huang of Nvidia [2] - One book, "The Genius Myth" by Helen Lewis, challenges the concept of genius [2] Growth - Books examine how to achieve growth [3] - "Abundance" by Ezra Klein and Derek Thompson is mentioned in the context of growth [3] - "Consumed" by Sabira Chowdery addresses the consequences of growth, specifically pollution and plastics [3] Judging Criteria - The judges seek the most compelling and enjoyable business book of the year [4] - They also consider whether the books will stand the test of time [5]
The unsustainable boom in India’s 'Silicon Valley' | FT #shorts
Financial Times· 2025-09-08 04:00
Infrastructure Challenges - Bengaluru, despite attracting tech investment, faces infrastructure struggles hindering India's economic growth [1] - The city grapples with endless traffic, daily water shortages, and crumbling infrastructure [2] - Government's failure to invest in basic urban services and political neglect contribute to the city's situation [2] Tech Industry Dynamics - India's cheap, abundant tech talent attracts multinationals to open global capability centers, exacerbating existing pressures [2] - Other Indian cities, like Hyderabad, aim to capitalize on Bengaluru's problems to attract tech investment [3] - Industry leaders expect it will take time for other cities to rival Bengaluru's deep talent pool [3] Economic Impact - India needs services and its tech industry to bear the heavy load for its growing economy due to lagging manufacturing [3] - The issues facing Bangalore reflect wider problems in India's unplanned cities [3]
Companies race to buy crypto to boost share prices | FT #shorts
Financial Times· 2025-09-01 04:01
US President Donald Trump's fullthroated support for the digital asset industry has encouraged booming numbers of so-called crypto treasury companies to launch worldwide. Biotechs, gold miners, and hotelers are just some of the companies that are rushing to buy cryptocurrencies such as Bitcoin and Ether. Companies backed by Trump and his family are even racing to buy crypto themselves, too.The surge in hoarding crypto comes as the US has become incredibly friendly towards digital assets, sending the price o ...
Technology and demographics are driving the uptake of medical robots | FT Rethink
Financial Times· 2025-08-28 08:23
[Music] Our world is aging. Between 2015 and 2050, the share of the world's population aged over 60 years will climb from 12% to 22%. That's one factor driving the growth in robotic healthcare.From 2023 to 2032, the global medical robotics market is predicted to almost quadruple to $63.8% billion. It's being boosted by artificial intelligence, which is generating the vast amounts of data needed to train robots. Robots are being developed across a wide variety of medical disciplines.In the UK, by 2035, 90% o ...
Global tariffs reduce appeal of offshore factories for Chinese producers | FT #shorts
Financial Times· 2025-08-26 04:00
Chinese exporters are reassessing investment in offshore factories. A wave of new US tariffs against alternative hubs such as Southeast Asia and restrictions on the trans shshipment of goods through the region has reoriented its commercial landscape. Manufacturers have poured billions of dollars into Southeast Asia in recent years as part of a China plus one strategy to minimize their exposure to US tariffs in the wake of Trump's first trade war with Beijing.But the US has slashed additional duties on Chine ...
Agentic AI - how bots came for our workflows and drudgery | FT Working It
Financial Times· 2025-08-18 06:05
Agentic AI Overview - Agentic AI is described as AI that can perform multiple tasks and processes, potentially revolutionizing workplaces [1] - Gartner predicts a significant increase in Agentic AI adoption in the coming years [8] - The technology sector views Agentic AI as completely autonomous, requiring minimal human interaction to complete tasks like buying stock or interacting with customers [4] - Top tech firms have launched tools like Chat GPT agent, designed to complete complex tasks with minimal human instruction [5] Implementation & Strategy - Only 1% of companies report fully implementing their AI strategy, indicating early stages of adoption [8] - Nearly half of business leaders are planning a conservative investment in Agentic AI [9] - Companies are partnering with customers to refine AI use, often involving 50 to 100 customers testing systems at scale before market launch [24] Concerns & Challenges - There are concerns about job losses, job obsolescence, and privacy violations due to data scraping by AI agents [18] - The existence of truly autonomous AI is questioned, with current AI getting things wrong frequently [22][23] - The concept of "agentic washing" is highlighted, where companies may overstate the capabilities of Agentic AI to drive sales [20][21] - The high cost of AI research and development is noted, with revenue models still being developed [25][26] Impact on Workforce & Organizations - Agentic AI is expected to automate repetitive tasks, allowing employees to focus on creativity, complex judgment, and strategic thinking [12] - Experts suggest AI could disrupt traditional organizational charts, potentially replacing humans in certain roles [14] - There's a fear of missing out (FOMO) driving companies to adopt AI to avoid falling behind competitors [11] - Human ingenuity and creativity are still considered essential, suggesting humans won't be entirely replaced by AI [27][28]
What will it take for robotaxis to go global? | FT
Financial Times· 2025-08-18 04:00
Robo taxis are proving popular in cities like San Francisco, moving from concept to reality with the likes of Alphabet, Amazon, and Tesla all making significant investments in this space. Following the shuttering of General Motors cruise project, the US robo taxi market has fallen into the hands of just a few of the richest, most determined tech giants and a handful of startups bold enough to challenge them. Whimo, an autonomous driving tech company owned by Alphabet, Google's parent company, is now operati ...