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Amazon scraps AI leaderboard to stop workers chasing usage scores

Senior executive Dave Treadwell tells staff ‘don’t use AI just for the sake of using AI’ as costs rise

Israel attacks Beirut in new wave of bombing

Strike on capital’s southern suburbs comes day before two countries due to hold ‘security talks’ in Washington

The chip and memory stock frenzy

As software lags, semiconductors catch up to the AI spending

Netanyahu orders Israeli forces to take control of 70% of Gaza

Prime minister says Israel is ‘squeezing Hamas’ in the enclave at the same time as escalating attacks in southern Lebanon

Anthropic finalises $65bn funding deal to surpass OpenAI’s valuation

New round values Claude AI maker at $965bn including the new money

Washington nearing deal to extend Iran ceasefire, US officials say

Trump administration’s hopes that an agreement is imminent come after both sides exchanged fire

Musk’s tweet undermines SpaceX’s claims about Anthropic data centre deal

Billionaire says the arrangement, described in IPO filings as a three-year agreement, only lasts for 180 days

Chevron CEO warns oil prices to jump over summer as supplies dwindle

Blockade in Strait of Hormuz has removed up to 13mn barrels a day from global markets and drawn down ‘shock absorbers’

FT quiz: the week in news

Ten topical questions to test your news nous

AkzoNobel should avoid painting itself into a corner

Dutch paint maker’s original tie-up with Axalta doesn’t look especially compelling

Birds navigate using ‘gut feeling’, scientists find

The liver’s iron-rich immune cells act as an internal compass that helps pigeons detect Earth’s magnetic field

Caesars’ billionaire buyer hopes luck and leverage go hand in hand

The transaction comes at a time when Caesars and Las Vegas have been struggling

Britain’s expanding ‘lost generation’

Milburn report on youth joblessness should be a priority for whoever leads Labour

And just like that, the software apocalypse was over

Snowflake’s stock pop demonstrates what companies must do to escape the sector downturn

Iranian dissident news network received £650mn of debt relief

Finances of UK-based broadcaster Iran International, a leading platform for opposition to regime, shored up by shareholders

SpaceX IPO boldly steps into the unknown of AI economics

We still need to learn many things about the basic business model of frontier models

Can the UK economy be revived? You asked, we answered

Economics leader writer Tej Parikh and economics commentator Chris Giles replied to reader questions

EU wants crisis powers to seize control of chip supplies

Chipmakers could be forced to override existing contracts under draft law

‘Backrooms’ is a deadpan horror directed by a 20-year-old YouTuber; Dustin Hoffman and Leo Woodall strike gold in cracking crime caper ‘Tuner’; Paul Rudd and Nick Jonas hit highs and lows in ‘Power Ballad’; ‘Moss & Freud’ dramatises a collaboration and kinship; ‘Star Wars’ spins off with ‘The Mandal