Milei elected president of Argentina
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 20 November 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Radical libertarian economist, Javier Milei, has won Argentina’s presidential elections, investors are shaking up the venture capital market by raising money to buy out start-ups, and Bangladesh is struggling to keep the lights on after going all-in on liquefied natural gas.
Mentioned in this podcast:
Radical libertarian Javier Milei elected president of Argentina
Investors shake up VC market by raising money to buy out start-ups
Will Bangladesh come to regret its dash for gas?
Altman appears at OpenAI offices as pressure grows to reinstate him
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Josh Gabert-Doyon, 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 | Good morning from the Financial Times. Today is Monday, November 20th, and this is your |
| 0:16.8 | FT News briefing. Silicon Valley is still reeling from the chaos at open AI and Argentina has a new president |
| 0:25.7 | plus investors are changing the way they look at startups. |
| 0:29.7 | The idea is that there's a dislocation in the VC market. |
| 0:34.4 | You have these startups who are stuck in between where they're not a flame out. |
| 0:39.0 | They're not a unicorn. |
| 0:41.0 | I'm Mark Filipino, and here's the news you need to start your day. Argentinians voted overwhelmingly for a total change of pace yesterday. |
| 0:57.0 | Far-right candidate Javier Malay won the country's presidential elections. |
| 1:04.8 | He's a radical libertarian economist and first-term congressman. |
| 1:09.0 | Malay defeated the current Perrinist Economy Minister Sergio Massa, it's a stunning rebuke to the movement which |
| 1:14.8 | has dominated Argentinian politics for the past 30 years. |
| 1:19.2 | Belay campaign to drastically cut state spending and has suggested dollarizing the economy to fight inflation, |
| 1:25.3 | his inauguration is set for the tech world. On Friday afternoon, the board of Open |
| 1:40.1 | AI, you know the company behind Chatsi P.T. abruptly fired its high profile CEO |
| 1:45.9 | Sam Altman. And I'm recording this late Sunday night on the US East Coast, so I'm going |
| 1:51.5 | to caveat this by saying that some things might have |
| 1:53.8 | changed by the time you listen, but not a lot is publicly known about what exactly |
| 1:59.2 | led the company to remove Altman. We do know that Open AIs top executives, staff, and investors were not |
| 2:06.0 | okay with the move. By Saturday they were putting a ton of pressure on the board to reinstate |
| 2:10.6 | Altman and on Sunday the former CEO was back inside open AI's offices. |
... |
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