Argentina is in its Milei era
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 21 November 2023
⏱️ 13 minutes
🧾️ Download transcript
Summary
A majority of OpenAI employees sent a letter demanding that the board reinstate former CEO Sam Altman, Argentina is entering a new era after electing radical libertarian outsider Javier Milei as president, and the US Department of Justice is seeking more than $4bn from Binance to settle a criminal fraud investigation. Plus, the FT’s Alec Russell unpacks Indonesian president Joko Widodo’s ambitious plan to build a new capital city and turn the country into an economic superpower.
Mentioned in this podcast:
Majority of OpenAI staff threaten to quit unless Sam Altman is reinstated
Investors cheer Milei victory in Argentina
Javier Milei prepares shock therapy to cure Argentina’s sickly economy
US DoJ seeks more than $4bn from Binance to settle criminal probe
Is Indonesia finally set to become an economic superpower?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by 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 Tuesday, November 21st, and this is your |
| 0:17.3 | FT news briefing. The world's biggest cryptocurrency exchange is looking at a massive settlement price tag and the saga of |
| 0:25.2 | Sam Altman continued another day. Plus Indonesia is trying to transform itself into an |
| 0:31.3 | economic powerhouse and wants to do that by moving its entire capital. |
| 0:37.0 | It sounds a bit of a habrane project, but whatever you think of it, there's a lot of building happening, there's a lot of bulldozers |
| 0:45.1 | crashing through the rainforest. One thing for sure, it's an ambition on an epic scale. |
| 0:50.3 | I'm Mark Filipino, and here's the news you need to start your day. Chaos still rains in the world of artificial intelligence. On Monday morning, |
| 1:12.0 | open AI's staff rebelled against the company's board. |
| 1:15.9 | A majority of employees sent a letter demanding that the board reinstate former CEO, Sam Altman, |
| 1:21.4 | who they fired on Friday. |
| 1:23.2 | Employees said that the directors had, quote, |
| 1:25.7 | undermined our mission and company. |
| 1:28.6 | Altman, though, seems to have moved on, |
| 1:31.1 | at least for now. |
| 1:32.6 | After negotiations with Open AI fell apart on Sunday evening, |
| 1:36.3 | Microsoft offered him a job, |
| 1:38.2 | along with many of his former colleagues. |
| 1:40.5 | Microsoft is a major investor in Open AI, which makes things interesting. |
| 1:45.6 | Open AI's board, meanwhile, appointed the co-founder of video streaming service |
| 1:50.1 | Twitch as the latest interim chief executive. |
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