Pressure builds on Beijing to boost economy
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 15 October 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
OpenAI is considering a largely untested company model to protect chief executive Sam Altman from outside interference, and virtually all global insurers now include at least one low-carbon transition goal within their investment plans. Millions of dollars in bets are being placed on the US presidential election following the lifting of a domestic betting ban last week. Plus, China’s deflationary pressures picked up in September with weaker than expected consumer and factory prices, and the 2024 Nobel Prize for economics has been awarded to a trio of academics for their work on global inequality.
Mentioned in this podcast:
OpenAI pursues public benefit structure to fend off hostile takeovers
China deflation pressure mounts as investors seek more stimulus for economy
US election bets surge after court lifts ban
Trio of economists wins Nobel Prize for work on wealth of nations
Rethinking the AI boom, with Daron Acemoğlu
Insurers embrace climate change investments as catastrophe costs mount
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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. |
| 0:11.0 | The UK. |
| 0:12.0 | Good morning from the Financial Times. Today is Tuesday, October 15th, and this is your |
| 0:18.4 | FT news briefing. Insurers are finally coming to grips with climate change, and Beijing is taking a wait-for-it approach to spending. |
| 0:28.0 | Plus, open AI wants to try out a new corporate model to protect itself from activist investors. |
| 0:35.3 | It's a really interesting structure but it seems to be one that's becoming more popular |
| 0:40.7 | in the AI space. |
| 0:42.3 | I'm Kasha Boussalleon and here's the news. more popular in the AI space. |
| 0:43.0 | I'm Kasha Boussalian, |
| 0:44.2 | and here's the news you be having a green awakening. |
| 1:00.0 | That's according to a new survey out from the money manager Black Rock. |
| 1:04.0 | It found that basically all insurers now include at least one low carbon transition goal |
| 1:09.4 | in their investment plans. |
| 1:11.0 | That's things like hitting net zero emissions by a certain date. Just two years ago |
| 1:15.8 | only 2% made this commitment. But the growing cost of climate change is making |
| 1:21.2 | them think differently. |
| 1:22.8 | Like take this figure. |
| 1:24.6 | Insured losses just from the recent hurricanes in the US |
| 1:28.1 | might cost up to $55 billion, |
| 1:31.3 | so insurers can't really afford to ignore extreme weather. |
... |
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