A glow-up for China’s state-owned enterprises
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 17 April 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
Andreessen Horowitz hauls in one of the largest funds since the downturn in the tech sector, stocks from China’s state-owned enterprises are faring well compared with the wider market, and the IMF says that the US is on track to grow at double the rate of any other G7 country this year. Plus, a full-scale conflict has depleted Ukrainian defences. Israel could face a similar plight despite the weekend’s successful interceptions.
Mentioned in this podcast:
Andreessen Horowitz raises $7.2bn and sets sights on AI start-ups
Beijing reforms unloved state-owned enterprises to win back investors
US to grow at double the rate of G7 peers this year, says IMF
Ukraine’s air defence struggle shows risks to Israel
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Katya Kumkova, Josh Gabert-Doyon, 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
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. UK. Good morning from the Financial Times. Today is Wednesday, April 17th, and this is your |
| 0:18.6 | F.T. News briefing. Venture Capital is betting big on the AI hype and investors are giving China's |
| 0:26.8 | state-owned enterprises another look. Plus we explore how Israel could face |
| 0:32.1 | the same difficulties as Ukraine in air defense. |
| 0:36.1 | I'm Sonia Hudson and here's the news you need to start your day. One of Silicon Valley's most well-known venture capital groups is going all in on artificial |
| 0:58.6 | intelligence. |
| 1:00.3 | Andresen Horowitz has raised a whopping 7.2 billion dollars to invest in tech startups and AI. |
| 1:08.0 | It's one of the biggest fundraising efforts by a venture capital firm in years. And recent plans to invest in |
| 1:15.1 | companies at the leading edge of the generative AI revolution, you know when |
| 1:19.7 | algorithms become as smart as people. Iran's direct attack on Israel last weekend was massive by any standard. |
| 1:33.7 | Tehran launched more than 300 missiles and drones, |
| 1:37.3 | but nearly all of them were shot down. |
| 1:39.9 | Now Israel's war cabinet is considering how to respond, but should the country |
| 1:45.1 | enter a wider regional conflict, it could face some of the same challenges that |
| 1:50.0 | Ukraine does when countering Russian air attacks. |
| 1:54.1 | Here to talk to me about the air defenses of both Israel and Ukraine is the F.T. |
| 1:58.7 | is John Paul Rathbone. |
| 2:00.3 | Hey J.P. |
| 2:01.5 | Hi Sonia. So walk me through some of Israel's defenses. I mean how was it able to |
| 2:07.4 | intercept so many of Iran's weapons all at the same time? So that was a complicated operation and there are essentially |
... |
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