Oracle’s leadership shake-up
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 23 September 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
Nvidia said it planned to invest up to $100bn in OpenAI to support a massive build-out of artificial intelligence data centres, Oracle’s Safra Catz is stepping down as chief executive and the US is considering a “large and forceful” intervention to support Argentina through a bout of severe market volatility. Plus, shares in Indian IT companies fell after US President Donald Trump sharply raised the application fee for H-1B visas.
Mentioned in this podcast:
Nvidia to invest up to $100bn in OpenAI
Oracle splits CEO role as Safra Catz steps down
TikTok algorithm to be overseen by Oracle in Trump deal
US offers financial lifeline to Argentina’s Javier Milei
Indian IT shares fall over fears from Trump’s $100,000 H-1B visa fee
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Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins 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. |
| 0:10.1 | 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. |
| 0:33.3 | Good morning from the Financial Times. Today is Tuesday, September 23rd, and this is your FT News Briefing. |
| 0:40.1 | Envidia is dropping some big bucks on OpenAI, and Oracle announced a leadership shakeup yesterday. |
| 0:47.3 | Plus, the Trump administration's new rules around worker visas has some major implications for India. |
| 0:53.7 | There is a lot of question marks about the future of the tech employment from India that |
| 0:57.6 | was going to the U.S. |
| 0:59.1 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:13.8 | Nvidia's spending spree continues. Last week, the American chipmaker said it was going to invest $5 billion into its rival |
| 1:19.3 | Intel. |
| 1:20.4 | Now, Nvidia is going to sink up to $100 billion into OpenAI. |
| 1:25.1 | And in return, Nvidia is getting a significant stake in the chat GPT maker. |
| 1:29.9 | And as part of the deal, OpenAI plans to buy millions of Nvidia's AI processors. |
| 1:35.5 | Investors were on board with the move. Invidia's share price ended the day up nearly 4%. |
| 1:40.3 | It's up more than 30% this year. |
| 1:55.1 | Oracle's CEO stepped down yesterday, and the American software company said it would now split the job between two people. |
... |
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