OpenAI’s circular deals
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 7 October 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
EU governments have agreed to limit the travel of Russian diplomats, analysts are worried about a flurry of circular AI deals, and France lost another prime minister after less than a month in office. Plus, why the weaker dollar is helping big US exporters, while domestic-focused companies lose out.
Mentioned in this podcast:
EU to curb Russian diplomats’ travel as suspected spy attacks mount
OpenAI targets 10% AMD stake via multibillion-dollar chip deal
France in fresh political and market turmoil after prime minister resigns
Multinationals race ahead as dollar slump divides US stock market
Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Lulu Smyth. Additional help from Alexander Higgins, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music 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 | For over 40 years, Equinoor has been an energy partner to the UK. |
| 0:04.1 | During that time, we've played our part in the switch from coal to gas, |
| 0:07.1 | and we're working hard to help the UK's energy transition. |
| 0:10.2 | We may not have all the answers yet, but we're determined to find them. |
| 0:13.5 | Equinor, an energy company, searching for better. |
| 0:16.9 | 99.6% of Equinor's energy output is oil and gas. |
| 0:20.5 | Our investment in renewables and low carbon |
| 0:22.4 | solutions has increased from 4% in 2020 to 27% in 2024. Find out more at equinor.com. |
| 0:29.1 | UK. |
| 0:33.6 | Good morning from the Financial Times. Today is Tuesday, October 7th, and this is your FT News Briefing. |
| 0:41.3 | Europe applies pressure to Russia over suspected spy attacks, and another OpenAI deal has analysts worried. |
| 0:50.7 | Plus, U.S. focused companies are losing out on the benefits of a weaker dollar. |
| 0:56.4 | I'm Sonia Hudson, and here's the news you need to start your day. |
| 1:06.4 | The European Union is expected to limit the travel of Russian diplomats within the block. |
| 1:12.9 | The move is a response to a surge in suspected spy attacks. |
| 1:17.5 | Those include arson and infrastructure sabotage. |
| 1:21.3 | The proposed rules will force Russian diplomats based in EU capitals to inform other governments of their travel plans |
| 1:29.1 | outside their host country. The restrictions are part of a new set of sanctions that need |
| 1:35.2 | unanimous support to get approved. Hungary was the last country opposed to the initiative, |
| 1:41.3 | but two people familiar with the matter say Budapest has dropped its veto. |
| 1:50.0 | There's been a flurry of artificial intelligence-related deals lately, and they're starting to look pretty circular. |
| 2:00.2 | OpenAI agreed to buy tens of billions of dollars worth of chips from AMD yesterday. |
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