TikTok workers in the US have been saddled with millions of dollars in tax liabilities on shares they are unable to sell on.ft.com/4cMxdsr

Elon Musk predicts AI will overtake human intelligence next year on.ft.com/3J9w0O7

FT job alert: We're hiring on the Lex column for a writer in San Francisco. Come and lead coverage of the tech sector for the FT's flagship business and investment column. Get in touch to discuss the role.

Deadline April 18th: boards.eu.greenhouse.io/financialtimes…

Google considers charging for AI-powered search, in what could mark a big change to its 'free' search with advertising-driven business model, Madhumita Murgia & RichardWaters report for Financial Times ft.com/content/2f4bfe…

“Usually the depth of the downturn is in proportion to the magnitude of the bubble, which would imply we’re in for a brutal time.”

Venture Capital reckons with the end of the “megafund” era

ft.com/content/db1f79…?

PitchBook: VCs raised $30.4B globally in Q1 2024, a marked slowdown from 2023, which itself was the worst year since 2016, suggesting the end of 'megafunds' era (@georgenhammond / Financial Times)

on.ft.com/43Jol2A
techmeme.com/240403/p1#a240…

Thrilled to share I’m joining the Financial Times as U.S. deals and activism correspondent, starting later this month.

This is absolutely brilliant by Tabby Kinder

A profile of Palmer Luckey, Anduril and Silicon Valley's evolving relationship with warfare, packed with vivid colour and detail.

Free to read link: on.ft.com/3PInlG9

Silicon Valley has been dragged to the heart of America’s backwards military industrial complex — and Luckey is positioning Anduril as its saviour

Read my feel dive into the AI weapons tech is selling to the military in ⁦⁦⁦⁦⁦FT Weekend Magazine⁩ on.ft.com/3VCdeXb

Pick up a copy of the Financial Times this weekend for my magazine story on Palmer Luckey and Anduril Industries 🩴🩴🩴

Some professional & personal news - last week I moved to California to become the Financial Times’s San Francisco bureau chief and help cover the huge tech, AI and chips story. I’ll miss London and the banking beat, but looking forward to a new challenge. It is also nice to see the sun again

🇺🇸 I am moving to San Francisco this summer to cover AI 🇺🇸 please do get in touch with tips and to set up meetings 📧 [email protected]

Some brilliant new hires in the Financial Times San Francisco bureau

After two years of trying to persuade the elusive Telegram CEO Pavel Durov to sit for an interview, he agreed & broke his silence in the media for the 1st time since 2017.

In this 1st piece, we spoke about Telegram's growth, monetisation & potential IPO:
ft.com/content/8d6ceb…

Scoop: Stripe in 'no rush' to go public after returning to positive cash flow.

Also includes new detail on Canva's tender offer, which has swollen to more than $1.5bn.

ft.com/content/63f33d…

Memo: John Collison says Stripe is in 'no rush' to go public and payments volume rose 25% YoY to $1T in 2023; source: Stripe hit $1B in net revenue in Q3 2023 (@georgenhammond / Financial Times)

on.ft.com/4af4H0B
techmeme.com/240313/p14#a24…

Can Reddit’s IPO revive the US IPO market? Roadshow kicks off today, with the aim to raise $500m. A litmus test to see how bankers balance valuation dynamics and the comp’s notorious retail traders. ⁦James Fontanella-Khan⁩
⁦George Hammond⁩ and me on.ft.com/4a7U53u

Sam's back on board
ft.com/content/cd8244…