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Nvidia to poach top staff from AI chip start-up Groq in licensing deal

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nvidia is scooping up the founder and other top talent from Groq, one of the most prominent start-ups aiming to challenge...

53-year-old customs broker wants to ‘Make Trade Boring Again,’ saying you won’t believe how complex cheese is these days | Fortune

After a half-century immersed in the world of trade, customs broker Amy Magnus thought she’d seen it all, navigating mountains of regulations and all sorts of logistical hurdles to import everything from lumber and bananas to circus animals and...

Medicaid paid over $200 million to dead people in 2021 and 2022, federal watchdog says | Fortune

Medicaid programs made more than $200 million in improper payments to health care providers between 2021 and 2022 for people who had already died, according to a new report from the independent watchdog for the Department of Health and Human...

Tesla faces NHTSA probe over Model 3 emergency door handles | Fortune

Tesla Inc.’s door handles are facing renewed scrutiny in the US after federal auto safety regulators opened a probe into the emergency releases in certain Model 3 vehicles.The National Highway Traffic Safety Administration said it’s evaluating claims that the...

Millionaire tax plans spread as Washington state eyes new levy | Fortune

When Washington Governor Bob Ferguson proposed the state’s first income tax in modern history, he said the word “affordability” five times. Ferguson on Tuesday asked the legislature to craft a 9.9% tax on personal income over $1 million, which would...

This millennial home designer spent 9 months building a replica of ‘The Holiday’ cottage—now it’s renting fast at $499 a night | Fortune

Everyone has must-watch holiday movies that they binge during the festive season, from Love Actually to Home Alone. But few actually get the chance to step inside the world of their favorite comfort flicks—that is, until now. Superfans of...

Trump just declared Christmas Eve a national holiday. Here’s what’s open and closed on December 24 | Fortune

President Donald Trump delivered an early gift to the federal workforce, signing an executive order that effectively grants a five-day weekend to hundreds of thousands of government employees. The order, signed last Thursday, designates both Wednesday, Dec. 24, and...

AI in 2026: CFOs predict transformation, not just efficiency gains | Fortune

Artificial intelligence was certainly top of mind for chief financial officers this year. AI-enabled transformation and ROI are key topics of discussion between CFOs, their boards, the broader C-suite, and other stakeholders.As 2025 draws to a close, it’s time...

Hoping AI will give you more work-life balance in 2026? Fortune 500 CEOs warn otherwise | Fortune

Workers may be hoping that AI can finally take over their drudge work in the new year—ease their loads and shorten the workweek, or at least make more space for life outside the office. And it’s something young people in...

He promised investors 10% gains. Now, he’s accused of using their money for sailing excursions in an alleged Ponzi scheme | Fortune

A financier has been extradited from the United Kingdom to the United States to face allegations that he cheated investors who were promised monthly 10% gains in what was actually a Ponzi scheme, authorities said.Matthew Melton, 61, of Boulder,...
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