Letter: As the friendly bot sallies forth, who is it working for?
From Tim Gordon, Co-Founder, Best Practice AI, London N1, UK
OpenAI slashes funding target by $10bn as tech anxieties mount
ChatGPT maker is now seeking about $20bn at a $1.25tn valuation as it tempers its ambitions
Letter: Empire of the sons
From Faisal Sheikh, CEO, Monmouth Capital, London W1, UK
Letter: It turns out Mayle’s fiction can be read as a manual too
From Annelou van Egmond, Saint-Julien-de-Peyrolas, Provence Occitane, France
Letter: When Jimmy Stewart played a Chicago reporter
From Gautam De, Edison, NJ, US
Correction: Patrick Dele Cole’s father
The father of the late Nigerian journalist and politician Patrick Dele Cole was a civil servant, rather than a pharmacist as incorrectly stated in an obituary in last weekend’s FT
Correction: FT Money
Pages were misprinted due to a technical fault in last weekend’s FT Money section. We apologise for the error. Use this UUID code (5c675a68-d452-11f1-aa32-629a12909cbc) to access the full online article
Poland suspends top judges as battle over rule of law escalates
President and prime minister are embroiled in a bitter dispute over appointments to country’s constitutional court
FT Crossword: Polymath number 1,411
FT Crossword: Number 18,520
$6.3bn in 30 minutes: how the world’s biggest heist unfolded
North Korean hackers’ attack on Binance takes crypto theft to an unprecedented scale
Binance rushes to recover customer money after $6.3bn heist
World’s largest crypto exchange says an engineer’s laptop was compromised in major security breach
US greenlights $2.1bn sale of Patriot interceptors to Ukraine
Volodymyr Zelenskyy had accused Trump administration of delaying the weapons as relations deteriorated between the countries
US tech stocks tumble as concerns over AI spending intensify
Revelations that Anthropic could receive junk rating after IPO add to concerns over industry borrowing spree
US affordability tracker: the data that could decide the 2026 midterm elections
The FT is tracking changes to the cost of living that will affect American voters
Healey buys time with ‘pray and delay’ Budget as tough decisions lie ahead
Chancellor will have to make hard choices on welfare and defence as he prepares for pivotal spending review
Anthropic may not secure investment-grade rating after IPO, Blackstone says
Private capital giant says AI group is expected to receive ‘high’ junk rating in shift from previous guidance
Directors’ Deals: Rentokil’s new chair buys in as group’s US fortunes turn
Rising revenue growth and improved customer retention
How AI might be deployed for better bank supervision
The technology could help tackle some of the cultural issues that contributed to the collapse of SVB
Stockpickers: London Stock Exchange, Ultimate Products, Revolution Beauty
Our experts discuss which companies to buy, sell or hold this week
How to return big cities to pedestrians
By closing part of Oxford Street to traffic, London is joining a wider trend
Stick or treat
Central banks stuck to the script and kept rates on hold at their October meetings while laying the groundwork for further rate rises to come
Apollo and Thrive capitalise on private equity’s generational shift
By leaning into their new role as debt financiers, the old guard still have a lucrative place in the new financial order
CD&R pursues buyout of $40bn card processor Global Payments
Deal for US company would rank among largest buyouts in history