AI chatbot race enters crunch phase
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 3 December 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
Nigel Farage has told donors he expects to do an election deal with the Conservatives, and the race to narrow OpenAI’s dominance in the chatbot race. Plus, Eurozone inflation unexpectedly turns higher and China’s biopharma industry could be a threat to western dominance in the sector.
Mentioned in this podcast:
Farage tells donors he expects to do an election deal with the Tories
Mistral unveils new models in race to gain edge in ‘open’ AI
OpenAI’s Sam Altman declares ‘code red’ after rivals make advances
Eurozone inflation unexpectedly rises to 2.2% in November
Will the next blockbuster drug come from China?
Donald Trump says he will nominate Federal Reserve chair in ‘early’ 2026
Note: The FT does not use generative AI to voice its podcasts
Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music 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 | Good morning from the Financial Times. |
| 0:04.1 | Today is Wednesday, December 3rd, and this is your FT News briefing. |
| 0:08.1 | The British political landscape might be looking very different soon, and open AI could be losing its lead over its rivals. |
| 0:16.2 | Plus, China's biopharmaceutical sector is rapidly expanding. |
| 0:19.8 | I think the next big question is whether or not some of these Chinese biotechs can actually strike out on their own and become the Pfizer's, become the Eli-Lilies, become the AstraZanicas of tomorrow. |
| 0:33.2 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:48.5 | Nigel Farage has told donors he expects a deal or merger between his reform UK party and the conservatives ahead of the next general election. |
| 0:51.6 | That's according to donors who spoke to the F.T. |
| 0:54.0 | It suggests that Farage doesn't think he can win an election alone. |
| 0:58.0 | The next general, by the way, will be held by 2029. |
| 1:01.2 | The right-wing populist party has surged lately. |
| 1:04.3 | It's currently leading in the polls at about 30%. |
| 1:06.9 | Meanwhile, the Tories are hanging out at about 17%. |
| 1:10.1 | But talks about a deal shows the challenges in turning political momentum into actual power. |
| 1:16.4 | A split vote on the right could allow left-leaning voters to combine forces and keep reform out of office. |
| 1:22.4 | Frage, however, told the FD that a deal with the conservatives, as they are, would, quote, cost us votes. |
| 1:34.9 | The artificial intelligence chatbot race is really heating up. This week, the French startup |
| 1:40.4 | mistral unveiled powerful new AI models. The announcement came just days after OpenAI's |
| 1:46.0 | chief executive declared a quote, code red. Sam Altman said his company needs to improve chat |
| 1:51.8 | GPT because rivals are closing in on its early lead in the AI space. So where do things |
| 1:57.9 | stand in the world of AI-fueled chatbots? |
| 2:04.1 | The F.T.'s AI correspondent, Melissa Hekula, is here to tell us. |
... |
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