PRESS DIGEST-Financial Times - May 29

Chevron Corporation
Amazon.com, Inc.
Walt Disney Company

Chevron Corporation

CVX

0.00

Amazon.com, Inc.

AMZN

0.00

Walt Disney Company

DIS

0.00

- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

  • Disney says US regulator aims to ‘suppress speech’ with licence review

  • Anthropic finalises $65 billion funding deal to surpass OpenAI’s valuation

  • Chevron CEO warns oil prices to jump over the summer as supplies dwindle

  • Amazon scraps AI leaderboard to stop workers chasing usage scores

Overview

  • Disney DIS.N accused the Federal Communications Commission of using an unprecedented licence review to intimidate broadcasters and silence “disfavoured editorial voices”, as the company adopts a more confrontational stance towards the Trump administration.

  • Anthropic has raised $65 billion in a funding round that will nearly triple the start-up’s valuation and see it leapfrog arch-rival OpenAI as the most valuable AI lab.

  • Chevron CVX.N CEO Mike Wirth has warned that oil prices are likely to rise over the next two months as crude inventories continue to decline due to the Iran war.

  • Amazon AMZN.O has shut down an internal leaderboard that tracked employees’ use of AI tools after workers tried to boost their scores by engaging in unnecessary activity that increased the company’s computing costs.