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FT News Briefing

Chile veers left

FT News Briefing

Forhecz Topher

Daily News, News & Politics, News

4.41.3K Ratings

🗓️ 21 December 2021

⏱️ 9 minutes

🧾️ Download transcript

Summary

Read a transcript of this episode on FT.com

https://www.ft.com/content/5e8d9be2-8efa-4339-b80a-53ffe0664ec1


US retailers’ supply chain problems are being exacerbated by computer programs known as “Grinch bots” that are buying up the most sought-after holiday gifts in split-second online swoops, Chinese artificial intelligence company SenseTime is relaunching its initial public offering in Hong Kong with the help of investment from state-backed entities after being blacklisted by the US, and in Chile a former student protest leader has won the final round of the presidential election as the Latin American country took a decisive shift to the left after several years of civil unrest.


SenseTime’s IPO rescued by Chinese state-backed funds - with Ryan McMorrow 

https://www.ft.com/content/71709423-0fe2-4028-b208-68cbd0b2bd30


‘Grinch bots’ buy up online goods during holiday shopping season

https://www.ft.com/content/11e81aaa-9c7e-4099-b3c8-54f8adc9e5ca


Chile election won by former student protest leader Gabriel Boric - with Michael Stott 

https://www.ft.com/content/fa9ba840-5d66-45e6-bf7a-2b8b4f6d9386


The fight for the future of Chile 

https://www.ft.com/content/70981218-05a4-4685-86e0-a19b7cae7ff9


The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. 


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

Transcript

Click on a timestamp to play from that location

0:00.0

Good morning from the Financial Times.

0:03.6

Today is Tuesday, December 21st, and this is your FT News Briefing.

0:09.0

There's a new reason US consumers are having a hard time getting the gifts they want.

0:13.3

Grinch bots are beating humans before they can click the buy button.

0:17.0

And a Chinese technology company that was blacklisted by the US has found a work around.

0:22.5

Plus, Chile has a new leader, and it could mean big changes for the country's business landscape.

0:28.5

It's the election of the most radical president, Chile, has had since the return to democracy

0:34.1

after finishing in 1990.

0:36.4

I'm Joanna Gal, in for Mark Filipino, and here's the news you need to start your day.

0:43.4

US retailers are nervous they won't be able to get consumers the goods they want for the holidays.

0:49.1

It's not just because of high demand and supply chain disruptions.

0:52.6

More and more hot items are being snapped up by bots.

0:56.5

The industry calls them Grinch bots, software that scans websites and then buys in-demand products as soon as they're available.

1:03.8

They've targeted everything from limited edition sneakers to video games.

1:08.0

Some people use them to nab items for their own Christmas trees, while others buy products in bulk and then sell them on at a profit.

1:19.2

The Chinese Artificial Intelligence Company, since time, plans to relaunch its listing in Hong Kong this month.

1:25.8

This comes after the US blacklisted since time, just last week, for its involvement in Beijing's repression of the Weeger Muslim minority.

1:33.7

Here's what the company does.

1:35.2

They do everything from putting traffic light cameras that can tell if you're wearing a seatbelt,

1:42.0

to building facial recognition software that can tell if you're a Weeger Muslim.

1:47.6

That's the FT's China Technology Correspondent, Ryan McMurrow.

1:51.8

Now, since time postponed its original IPO because of the black listing,

...

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