Cracks widen in Israel’s war cabinet
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 4 March 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
China has pledged “computing vouchers” to subsidise its AI startups, Bayer is still struggling to move past its Roundup woes, and an Israeli senior minister visits the White House. Plus, Warren Buffett is sounding the alarm over wildfires and the utilities industry.
Mentioned in this podcast:
Buffett sounds wildfire alarm as utilities industry enters new era
Bayer slashes dividend by 95% as it steps up effort to cut debt
Bayer’s struggling Roundup court strategy
China offers AI computing ‘vouchers’ to its underpowered start-ups
Netanyahu allies lash out at Gantz over Washington trip
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Persis Love, 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. |
| 0:06.3 | Learn more at equinore. Learn more at equinore. |
| 0:11.8 | Go. UK. |
| 0:09.8 | Good morning from the Financial Times. Today is Monday, March 4th, and this is your |
| 0:18.1 | FT news briefing. China is trying to level the playing field for its AI startups and Bayer faces even more |
| 0:27.1 | problems over its weed killer roundup. Plus Warren Buffett is questioning |
| 0:32.2 | whether it still makes sense to be in the utility business. |
| 0:36.0 | It's a business that Berkshire loves because you kind of have this expected rate of return, right? |
| 0:40.7 | You're going to invest a billion dollars and it's going to return you X in so many years but that has been appended by climate change. |
| 0:48.4 | I'm Persa's love in Vermont Filipino and here's the news you need to start your day. China is helping their artificial intelligence startups get ahead. Smaller companies are being offered vouchers that can be used to pay for |
| 1:16.2 | important computing resources, like time and data centers to train their AI. Because the US has restricted China's access to the chips needed to power AI, |
| 1:27.0 | computing resources in the country are thin on the ground. |
| 1:31.0 | As a result, Chinese internet giants like Alibaba, Tencent and Fight Dance are keeping |
| 1:36.6 | a lot of the resources for themselves. |
| 1:39.4 | But while these vouchers may help AI startups withups with rising costs. |
| 1:43.2 | Analysts say there's still not enough chips to go around. |
| 1:47.0 | The German Pharmaceutical Company Bea has been struggling with a ton of lawsuits related to its weed killer called Roundup. |
| 2:01.0 | The suits alleged that an active ingredient in Roundup gave people cancer. |
| 2:05.0 | In 2021, Beyer said it would stop selling consumer products with that specific ingredient, |
| 2:11.0 | but legal proceedings have continued to pile up and the company's share price has |
| 2:16.0 | fallen by over 50% in the last year. |
| 2:19.8 | Here to talk about how Bea is trying to contain the crisis is the FT's Patrick Temple West. |
... |
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