Victoria Craig

But how high are the stakes for him at this point?

Separately, Michael, in the world of artificial intelligence, there were murmurings over the weekend that Microsoft and Intel rival NVIDIA are now teaming up.

What do we know about that possible partnership?

So many developments coming fast and furiously out of this space.

Michael Acton in San Francisco for us.

Thanks so much for your time.

Well, speaking of AI, investors have certainly embraced it, but young people are much more skeptical.

A recent Gallup poll showed about half of Gen Z in the U.S.

— that's people born between 1997 and 2012 — say they do use generative AI at least once a week, but 31 percent say that AI made them feel angry.

That is up nearly 10 percentage points from a year ago.

The FT spoke with young people across the world who described feeling dependent on and frustrated with the technology.

Software developers said they're concerned that they could even be replaced, while students think AI is hollowing out learning and creativity.

Gen Zers also said they thought AI could make them more productive, creative, and employable, but now they worry it just might make humans less valuable instead.

It takes a licking and it keeps on ticking.

That is how Citigroup's global chief economist described the world's resilience to the impact of the Iran war.

Indeed, FT analysis of economic projections shows the inflation shock might not be as severe as the surge in prices following Russia's full-scale Ukraine invasion.

Data show that on average, inflation estimates increased by about eight-tenths of a percentage point since the U.S.-Iran war began three months ago.

That is much lower than the 2.3 percentage point rise economists predicted three months into Russia's invasion in 2022.

The modest figure now comes despite the warnings that the world is facing its worst ever energy crisis due to the near closure of the Strait of Hormuz.

That's in part because of optimism the war will end soon and oil and gas price rises are not as bad as four years ago.