Big Tech investors question AI pay-off
FT News Briefing29 Apr 2024

Big Tech investors question AI pay-off

Financial companies scramble to rework contracts after US Federal Trade Commission rule bans non-compete agreements, the largest western banks that remain in Russia paid the Kremlin hundreds of millions of euros in taxes last year, and Turkey is in talks with the US energy supermajor ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas. Plus, the message from Big Tech companies to investors about when AI will be profitable: be patient.


Mentioned in this podcast:

Ban on non-compete agreements sends shockwave across Wall Street

Microsoft and Alphabet enjoy AI-powered gains from cloud divisions

Question of pay-off from AI hangs over Big Tech earnings

Western banks in Russia paid €800mn in taxes to Kremlin last year

Turkey in talks with ExxonMobil over multibillion-dollar LNG deal


The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.


Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Episoder(2102)

The fallout of Trump’s tariff setback at the Supreme Court

The fallout of Trump’s tariff setback at the Supreme Court

The US Supreme Court’s decision to strike down President Donald Trump’s use of emergency tariff powers is raising questions about existing trade deals, federal revenues, and the impact to American bus...

23 Feb 12min

Bonus: Greenhouse’s Daniel Chait on standing out in a tough job market

Bonus: Greenhouse’s Daniel Chait on standing out in a tough job market

Daniel Chait is the CEO of Greenhouse, a hiring platform. He told us his tips for hiring managers, a couple of unethical uses of AI in hiring and whether or not this job market is worse than the one d...

21 Feb 14min

The great graduate job drought

The great graduate job drought

Donald Trump says the next 10 days will decide if the US strikes Iran or does a deal with the Islamic republic. Plus, the FT’s Anjli Raval explains just how bad the job market is for new graduates, an...

20 Feb 14min

Can bankers be fired for demanding sleep?

Can bankers be fired for demanding sleep?

JPMorgan Chase is in talks to provide banking services to US President Donald Trump’s Board of Peace, and investors have warned that loosening the UK’s borrowing limits to fund more spending on defenc...

19 Feb 11min

Warner Bros tells Paramount to make an offer it can’t refuse

Warner Bros tells Paramount to make an offer it can’t refuse

Meta has agreed to spend billions of dollars on millions of Nvidia’s chips, and Warner Bros Discovery has reopened sale talks with Paramount. Plus, Christine Lagarde has decided to leave her post as p...

18 Feb 11min

Orbán draws US support ahead of Hungary’s election

Orbán draws US support ahead of Hungary’s election

Hungary’s Prime Minister Viktor Orbán lashed out at Ukraine at a meeting with US secretary of state Marco Rubio in Budapest. Fund managers are betting against the US dollar. Shareholders push oil comp...

17 Feb 13min

What’s with Wall Street’s weird selloffs?

What’s with Wall Street’s weird selloffs?

Cross-border EU banking deals reached their highest level since the 2008 financial crisis, and regulation reversals are hitting global electric-vehicle makers. Plus, soaring gold prices are affecting ...

16 Feb 11min

Introducing 'The Kink Machine: The Hidden Business of Pleasure'

Introducing 'The Kink Machine: The Hidden Business of Pleasure'

It’s the most watched business in the world. And the least understood. Streamed by millions every day, porn is everywhere. It shapes our culture, our relationships and even technology. Yet, nobody see...

14 Feb 31min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
forklart
stopp-verden
fotballpodden-2
popradet
nokon-ma-ga
det-store-bildet
rss-gukild-johaug
dine-penger-pengeradet
rss-ness
aftenbla-bla
hanna-de-heldige
lydartikler-fra-aftenposten
rss-utenrikskomiteen-med-bogen-og-grasvik
rss-dannet-uten-piano
rss-penger-polser-og-politikk
chit-chat-med-helle
grasoner-den-nye-kalde-krigen