Sonja Hutson

I'm Sonia Hudson, and here's the news you need to start your day.

A key government advisor is publicly criticizing the UK's defense policy.

Lord George Robertson authored the government's defense review and is also a former NATO Secretary General.

He told the FT that Britain's leaders have shown a, quote, corrosive complacency towards defense, and that puts the country at risk.

The government promised to spell out its 10-year defense funding plan by last autumn, but it has repeatedly postponed that.

Now, this all comes as NATO countries are under increasing pressure to self-sustain militarily as U.S.

President Donald Trump threatens to leave the alliance.

A government spokesperson said, quote, they added that the defense investment plan is being finalized and will be published as soon as possible.

Investors in OpenAI are questioning its roughly $850 billion valuation.

The group has made a flurry of changes recently to pivot to a new strategy.

But some investors told the FT the moves could leave OpenAI vulnerable to its rivals, which is especially critical right now because the group is gearing up to go public.

Here to tell us more is the FT's George Hammond in San Francisco.

Hey, George.

Hey.

So what is OpenAI's new strategy?

So, George, why are those moves making investors question OpenAI's valuation then?

All right, well, what's the case for OpenAI's high valuation?

Now, we've mentioned that the company is getting ready to go public.

What kind of impact do you think that could have on the wider AI industry?

George Hammond is the FT's venture capital correspondent based in San Francisco.