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Fidji Simo, OpenAI’s No. 2 executive, is stepping down from her full-time role, The Wall Street Journal reports. In a staff note Thursday, Simo said her ongoing medical leave has proven longer and harder than expected, and that she’ll transition to a part-time advisory role instead. Simo joined OpenAI’s board of directors in 2024 and joined OpenAI in May 2024 as CEO of Applications, then a newly created role reporting directly to Sam Altman that consolidated the company’s business and product operations. Her appointment came with a broader reporting shift: COO Brad Lightcap, CFO Sarah Friar, and CPO Kevin Weil…

The electric atmosphere of a World Cup quarter-final in Miami crackles with anticipation. England, widely tipped as tournament favorites, face a resurgent Norway, spearheaded by the most prolific striker on the planet, Erling Haaland. This isn’t just a football match; it’s a tactical chess game, a psychological battle, and a clash of narratives that promises unmissable drama. At the heart of it all lies one burning question: can England’s intimate knowledge of the Nordic Terminator finally blunt his relentless scoring machine? Manchester City’s dynamic full-back, Nico O’Reilly, poised to start at left-back for England, exudes a measured confidence bordering on…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Key Takeaways **Escalating Regulatory Pressure:** The EU’s Digital Services Act (DSA) is increasingly targeting Meta’s core business model, specifically its use of “addictive design features” like infinite scroll and autoplay, signaling a global shift towards greater accountability for Big Tech. **Significant Financial Risks:** Meta faces potential fines of up to 6% of its global turnover (potentially billions of dollars) if preliminary findings are confirmed, alongside mandatory, costly design changes that could impact user engagement and advertising revenue. **Broader Market Repercussions:**…

The air crackles with a palpable tension, a familiar hum that precedes greatness and the cruel sting of elimination. Spain, a nation whose footballing soul pulsates with the rhythm of intricate passing and audacious flair, stands on the precipice of a World Cup semi-final. Their opponents tonight in the crucible of the quarter-final are Belgium, a team whose ‘Golden Generation’ is perhaps experiencing its last hurrah, making this clash far more than just another fixture – it’s a battle for legacy. At the heart of Spain’s narrative, a story of immense potential and burgeoning pressure unfolds around the prodigious Lamine…

Key Takeaways: **The “Anti-Elon” Investment Movement**: Subversive Capital has launched two new Exchange-Traded Funds (ETFs), QQNE and SPNE, specifically designed to allow investors to avoid companies founded, controlled, or primarily associated with Elon Musk, reflecting growing negative sentiment towards his public persona. **Challenging Traditional Index Investing**: These ETFs provide a unique solution for investors who wish to divest from Tesla and SpaceX – both significant components of major market indices like the S&P 500 and Nasdaq 100 – offering an alternative to broad market exposure without indirect Musk investment. **More Than Just Returns: A Statement of Values**: While offering capital…

Audio of this article is brought to you by the Air & Space Forces Association, honoring and supporting our Airmen, Guardians, and their families. Find out more at afa.org The United States Air Force has finalized its decision that the forthcoming B-21 Raider stealth bomber will be operated by a two-pilot air crew. This pivotal announcement also includes a new initiative to integrate experienced non-pilot aircrew, specifically Weapon System Officers (WSOs) and Combat Systems Officers (CSOs), into the B-21 pilot force through a specialized transition program. This move aims to leverage existing expertise while ensuring the bomber’s operational readiness. The…

The gladiatorial arena of the SoFi Stadium in Los Angeles is set to host a titanic World Cup quarter-final clash that promises fireworks, tactical chess, and moments of individual brilliance. Spain, the imperious, unbeaten titans, lock horns with a resolute Belgium, a side brimming with quiet confidence and, crucially, one of football’s most formidable guardians: Thibaut Courtois. For Spain, this isn’t just another knockout game; it’s a rendezvous with a familiar giant, a towering figure who has become a living legend in Madrid. Thibaut Courtois, the 6ft 7in colossus, has spent the last eight years etching his name into the…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Key Takeaways Proactive Risk De-risking: HSBC’s decision to market distressed commercial property loans from Hang Seng Bank signifies a strategic, post-acquisition move to clean up its balance sheet and proactively manage credit risk, particularly within the challenging Hong Kong real estate sector. Heightened Pressure on HK Property: The entry of private debt funds willing to foreclose could intensify downward pressure on Hong Kong’s struggling commercial property market, potentially accelerating price corrections and increasing defaults for smaller developers. Broader Banking Sector…

UK Defence Ministry Confirms Funding for New Antarctic Ice Patrol Ship, Timeline Remains Undecided The United Kingdom’s Ministry of Defence (MoD) has confirmed that dedicated funding has been allocated for the replacement of HMS Protector, the Royal Navy’s crucial ice patrol ship. However, the exact timeline for delivering a successor vessel remains uncertain, as it is contingent upon a procurement method that has yet to be finalized. This announcement highlights the strategic importance the UK places on its presence and operations in the Antarctic region, while also revealing the complexities inherent in modern naval acquisitions. The confirmation came in response…

The electric atmosphere of a World Cup quarter-final in Boston crackled with an intensity only the beautiful game can conjure. Millions held their breath, eyes glued to the colossal screens and the hallowed turf, as one of football’s most prodigious talents, Kylian Mbappé, stepped up to the spot. What unfolded next was a moment of sheer disbelief, a seismic shock that threatened to derail France’s imperious march towards a third consecutive World Cup semi-final appearance. Mbappé’s Misfire: A Moment of Unnerving Frailty The incident itself was textbook Mbappé brilliance – a searing run, a blur of pace that left Moroccan…