Nvidia claims top spot
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 19 June 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
Nvidia capitalises on investor excitement over artificial intelligence, Japan’s TDK is claiming a breakthrough in materials used in its small solid-state batteries, and Silicon Valley companies are screening their staff for Chinese spying. Plus, the FT’s Saffeya Ahmed unpacks Shein’s tumultuous journey to go public.
Mentioned in this podcast:
Nvidia vaults past Apple and Microsoft to become world’s most valuable company
Apple supplier TDK claims solid-state battery breakthrough
Behind the Money: The wrinkle in Shein’s IPO plans
Shein switches focus to London after New York IPO stalls
Silicon Valley steps up employee screening over Chinese espionage threat
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Kyra Assibey-Bonsu, Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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 Wednesday, June 19th, and this is your |
| 0:18.4 | FT news briefing. Invidia is sitting on top of the world right now. |
| 0:24.0 | And pretty soon, you might not have to worry so much about your cell phone dying. |
| 0:29.0 | Plus, we take a look at why Sheehan is having so much trouble going public. |
| 0:35.0 | I'm Kasha Bursalian and here's the news you need to start your day. Invidia had a great day yesterday. The U.S. Chipmaker beat out Microsoft and Apple to become the most valuable company in the world. |
| 1:03.0 | Invidia now has a market capitalization of $3.3 trillion. |
| 1:08.0 | Less than two years ago, the company was worth $300 billion, |
| 1:12.0 | which is just crazy to think about. |
| 1:14.4 | That huge rise is thanks to a super high demand for AI chips, |
| 1:18.4 | which power the models behind things like chat gp t. |
| 1:21.8 | Invidia is now trying to double down on its dominance in the industry. |
| 1:25.8 | It's working on a new generation of more powerful chips. |
| 1:29.1 | They're called Blackwell. Japan's TDK, which is a big supplier for Apple, says that it's made a big breakthrough in battery technology. The company |
| 1:45.1 | thinks that it could revolutionize how often you charge things like your |
| 1:48.3 | cell phone. Harry Dempsey has been looking into the development and he |
| 1:51.8 | joins me now. Hey Harry. |
| 1:53.2 | Hi there. So can you unpack this big breakthrough that TDK has come up with? |
| 1:58.2 | I mean what's it all about? |
| 1:59.5 | So TDK says that it's made a breakthrough in solid state batteries, which are particularly used in miniaturized devices such as smaller earphones or hearing aids, and they would use basically instead of a liquid electrolyte |
| 2:16.2 | which the batteries currently use they would use a solid material which would be |
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