Good morning from the Financial Times.
Today is Tuesday, April 14th, and this is your FT News Briefing.
British military spending is being scrutinized, and OpenAI's new direction is spooking some investors.
Plus, we look at how Lebanon has become a sticking point in U.S.-Iran negotiations.
I'm Sonia Hudson, and here's the news you need to start your day.
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, we are delivering on the strategic defense review to meet the threats we face.
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.