Arm enters the AI race
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 30 October 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
Alphabet’s profit jumped 34 per cent in the third quarter, and Israel’s parliament approved legislation on Monday that will ban a UN agency for Palestinian refugees from operating within Israeli territory. The US and Taiwan are preparing to negotiate a new tax agreement, and mobile chip designer Arm may try to rival Nvidia.
Mentioned in this podcast:
Google’s profits beat expectations on strong cloud computing growth
Israeli parliament passes law banning UN Palestinian refugee agency
US and Taiwan set for talks to end double taxation for companies
Giant African rats join crackdown against illegal wildlife trade
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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 equinore. |
| 0:11.0 | The UK. |
| 0:12.0 | Good morning from the Financial Times. Today is Wednesday, October 30th, and this is your |
| 0:18.1 | F.T. News briefing. Google is riding high on the cloud these days and Israel passed legislation that could |
| 0:26.6 | prevent UN aid from reaching Gaza. Plus the tech group arm conquered the world of cell phone chip design. |
| 0:35.0 | Now it's coming for AI. |
| 0:37.0 | Everyone wants to get out from underneath. |
| 0:39.0 | Invidia's thumb. |
| 0:40.0 | I'm Sonia Hudson, and here's the news you need to start your day. Artificial intelligence and big tech have been a match made in heaven these |
| 0:59.2 | last few years. We got the latest indication of that yesterday from Google's parent company |
| 1:04.8 | Alphabet. It reported a 34% jump in profits last quarter and it attributed much of |
| 1:12.0 | that success to strong growth in cloud computing. |
| 1:15.0 | You see, there's a lot of demand for the data services that are used to train and run |
| 1:20.8 | generative AI models. Net income beat analyst expectations and |
| 1:26.0 | alphabet stock rose more than 5% in after hours trading. |
| 1:44.8 | Israel's Parliament has voted to ban the UN Agency for Palestinian refugees from operating in Israeli territory. It also passed a bill to cut diplomatic ties with the organization, which is known as |
| 1:49.8 | UNRWA. |
| 1:51.2 | The move threatens its ability to provide food, medicine, and shelter to nearly 2 million displaced people in Gaza. |
| 1:59.0 | I'm joined now by the F.T.'s Mejal Servastava to talk more about this. Hi, Mejol. |
| 2:04.0 | Hello. |
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