AI valuations are verging on the unhinged

Vibe coding, or the ability to spin up a piece of software using generative artificial intelligence (AI) rather than old-school programming skills, is all the rage in Silicon Valley. But it has a step-sibling. Call it vibe valuing. This is the ability of venture capitalists to conjure up vast valuations for AI startups with scant…

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UK to focus new trade strategy on boosting services exports

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer will on Thursday launch a new trade strategy focused on boosting UK services exports, while strengthening anti-dumping defences to protect Britain from the fallout from Donald Trump’s global tariff war. Trade minister…

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