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FT News Briefing
Paramount’s a long way from its peak
May 7, 2024
Anna Nicolaou discusses SoftBank's investment in self-driving cars, the impact of synthetic drugs on rural areas, and the rival bids for Paramount Studio. Topics include El Chapo's opium heartland, Skydance-Paramount merger complexities, and changing drug markets in Mexico.
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Quick takeaways
- UK self-driving car startup receives $1bn investment from SoftBank, boosting AI advancements.
- Mexican cartels shift from poppy and marijuana to synthetic drugs, impacting rural economies negatively.
Deep dives
SoftBank Leads $1 Billion Investment in UK AI Startup Wave
SoftBank is organizing a $1 billion investment in the UK self-driving startup named Wave. This funding round involves big names in AI such as Microsoft and Nvidia. The money will assist Wave in launching its autonomous systems in cars, showcasing a significant push towards advancements in AI technology. The UK aims to become a prominent global hub for AI research, making this investment a notable development for the country.
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