https://www.ft.com/content/583e9391-bdd0-433e-91e0-b1b93038d51e Accessibility helpSkip to navigationSkip to main contentSkip to footer * Sign In * Subscribe Open side navigation menuOpen search bar SubscribeSign In Search the FT[ ]SearchClose search barClose * Home * World Sections + World Home + Middle East war + Global Economy + UK + US + China + Africa + Asia Pacific + Emerging Markets + Europe + War in Ukraine + Americas + Middle East & North Africa Most Read + Young adults are growing increasingly economically dislocated + Starmer and Reeves drop proposal to increase income tax rates in Budget + Michael Burry, the short seller who bet against AI + Oracle hit hard in Wall Street's tech sell-off over its huge AI bet + How Apollo, Soros and others spotted red flags at First Brands * US Sections + US Home + US Economy + US Companies + US Politics & Policy Most Read + Michael Burry, the short seller who bet against AI + Oracle hit hard in Wall Street's tech sell-off over its huge AI bet + How Apollo, Soros and others spotted red flags at First Brands + 'Big Short' investor Michael Burry to close fund as he warns on valuations + US stocks steady after global tech rout * Companies Sections + Companies Home + Energy + Financials + Health + Industrials + Media + Professional Services + Retail & Consumer + Tech Sector + Telecoms + Transport Most Read + Michael Burry, the short seller who bet against AI + Oracle hit hard in Wall Street's tech sell-off over its huge AI bet + How Apollo, Soros and others spotted red flags at First Brands + 'Big Short' investor Michael Burry to close fund as he warns on valuations + US justice department to probe Bill Clinton and JPMorgan ties to Epstein * Tech Sections + Tech Home + Artificial intelligence + Semiconductors + Cyber Security + Social Media Most Read + Oracle hit hard in Wall Street's tech sell-off over its huge AI bet + White House memo claims Alibaba is helping Chinese military target US + Wall Street stocks slide as tech jitters return + The bond market crashes the AI party + AI bubble trouble talk is overblown * Markets Sections + Markets Home + Alphaville + Markets Data + Crypto + Capital Markets + Commodities + Currencies + Equities + Monetary Policy Radar + Wealth Management + Moral Money + ETF Hub + Fund Management + Trading Most Read + Michael Burry, the short seller who bet against AI + Oracle hit hard in Wall Street's tech sell-off over its huge AI bet + 'Big Short' investor Michael Burry to close fund as he warns on valuations + US stocks steady after global tech rout + China's secretive gold purchases help fuel record rally * Climate * Opinion Sections + Opinion Home + Columnists + The FT View + The Big Read + Lex + Obituaries + Letters Most Read + Young adults are growing increasingly economically dislocated + The government's latest reversal shows that Labour has no plan + Why Trump's team is betting on stablecoins + Brain-dead Labour retreats to its comfort zone: campaigning + Labour has shredded its claim to competence * Lex * Work & Careers Sections + Work & Careers Home + Business School Rankings + Business Education + Europe's Start-Up Hubs + Entrepreneurship + Recruitment + Business Books + Business Travel + Working It Most Read + Celebrated or penalised? Employers confuse staff over AI rules + Is hiring becoming less meritocratic? * Life & Arts Sections + Life & Arts Home + Arts + Books + Food & Drink + FT Magazine + House & Home + Style + Puzzles + Travel + FT Globetrotter Most Read + BBC apologises to Trump for edit of speech but refuses to pay compensation + Former MI6 chief Richard Moore: Britain must regain the 'power of example' + On a slow train across Mongolia + Should we just give up now it's winter? + The tax-efficient wheels of British government * HTSI MenuSearch * Home * World * US * Companies * Tech * Markets * Climate * Opinion * Lex * Work & Careers * Life & Arts * HTSI Financial Times SubscribeSign In Search the FT[ ]SearchClose search barClose Oracle hit hard in Wall Street's tech sell-off over its huge AI bet Subscribe to unlock this article Join FT Edit Only $4.99 per month Access to eight surprising articles a day, hand-picked by FT editors. For seamless reading, access content via the FT Edit page on FT.com and receive the FT Edit newsletter. Keep reading for $4.99 Explore more offers. [https] Trial $1 for 4 weeks Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel or change your plan anytime during your trial. SelectWhat's included * Global news & analysis * Expert opinion * FT App on Android & iOS * FT Edit: Access on iOS and web * FirstFT: the day's biggest stories * 20+ curated newsletters * Follow topics & set alerts with myFT * FT Videos & Podcasts * 20 monthly gift articles to share * Lex: FT's flagship investment column * 15+ Premium newsletters by leading experts * FT Digital Edition: our digitised print edition [https] Standard Digital $45 per month Essential digital access to quality FT journalism on any device. Pay a year upfront and save 20%. SelectWhat's included * Global news & analysis * Expert opinion * FT App on Android & iOS * FT Edit: Access on iOS and web * FirstFT: the day's biggest stories * 20+ curated newsletters * Follow topics & set alerts with myFT * FT Videos & Podcasts * 10 monthly gift articles to share [https] Premium Digital Complete coverage $75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. SelectWhat's included * Global news & analysis * Expert opinion * FT App on Android & iOS * FT Edit: Access on iOS and web * FirstFT: the day's biggest stories * 20+ curated newsletters * Follow topics & set alerts with myFT * FT Videos & Podcasts * 20 monthly gift articles to share * Lex: FT's flagship investment column * 15+ Premium newsletters by leading experts * FT Digital Edition: our digitised print edition Check whether you already have access via your university or organisation. Terms & Conditions apply Explore our full range of subscriptions. For individuals Discover all the plans currently available in your country DigitalPrintPrint + Digital For multiple readers Digital access for organisations. Includes exclusive features and content. FT Professional Why the FT? See why over a million readers pay to read the Financial Times. Find out why Useful links Support View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT Tour CareersSuppliers Legal & Privacy Terms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyright Slavery Statement & Policies Services Share News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FT Follow the FT on XFT ChannelsFT Schools Tools PortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency Converter Community & Events FT Live EventsFT ForumsFT Leaders Academy More from the FT Group Markets data delayed by at least 15 minutes. (c) THE FINANCIAL TIMES LTD 2025. FT and 'Financial Times' are trademarks of The Financial Times Ltd. The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice. [px] Close side navigation menuEdition:International UK Search the FT[ ]Search Subscribe for full access Top sections * Home * WorldShow more World + Middle East war + Global Economy + UK + US + China + Africa + Asia Pacific + Emerging Markets + Europe + War in Ukraine + Americas + Middle East & North Africa * USShow more US + US Economy + US Companies + US Politics & Policy * CompaniesShow more Companies + Energy + Financials + Health + Industrials + Media + Professional Services + Retail & Consumer + Tech Sector + Telecoms + Transport * TechShow more Tech + Artificial intelligence + Semiconductors + Cyber Security + Social Media * MarketsShow more Markets + Alphaville + Markets Data + Crypto + Capital Markets + Commodities + Currencies + Equities + Monetary Policy Radar + Wealth Management + Moral Money + ETF Hub + Fund Management + Trading * Climate * OpinionShow more Opinion + Columnists + The FT View + The Big Read + Lex + Obituaries + Letters * Lex * Work & CareersShow more Work & Careers + Business School Rankings + Business Education + Europe's Start-Up Hubs + Entrepreneurship + Recruitment + Business Books + Business Travel + Working It * Life & ArtsShow more Life & Arts + Arts + Books + Food & Drink + FT Magazine + House & Home + Style + Puzzles + Travel + FT Globetrotter * Personal FinanceShow more Personal Finance + Property & Mortgages + Investments + Pensions + Tax + Banking & Savings + Advice & Comment * HTSI * Special Reports FT recommends * Alphaville * FT Edit * Lunch with the FT * FT Globetrotter * #techAsia * Moral Money * Visual and data journalism * Newsletters * Video * Podcasts * News feed * FT Schools * FT Live Events * FT Forums * FT Leaders Academy * myFT * Portfolio * FT Digital Edition * Crossword * Our Apps * Help Centre * Subscribe * Sign In