Private equity’s green thumb
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 1 May 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
Strong sales at Amazon’s cloud computing division helped the Big Tech giant beat analyst estimates for revenue and profit, private capital is playing a growing role in the green energy transformation, and foreign carmakers are teaming up with Chinese technology groups to compete in the local market.
Mentioned in this podcast:
Amazon’s strong cloud sales help power revenue gains
Can private equity accelerate the green transition?
Jeremy Hunt warns FCA against ‘naming and shaming’ business
‘Everything has changed’: foreign auto groups embrace local technology in China
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, 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
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 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 Wednesday, May 1st, and this is your |
| 0:18.1 | F-T-News briefing. Amazon's Cloud Computing Division continues to put up big numbers and private equity is going green. |
| 0:28.0 | Well, it's kind of going green. |
| 0:30.0 | Plus, car companies are looking to China to stay competitive. |
| 0:34.0 | This is an existential moment for every car maker in the industry, |
| 0:40.0 | Western or Chinese. |
| 0:42.0 | I'm Mark Filipino, and here's the news you need to start your day. Amazon reported quarterly earnings yesterday and once again impressed investors. |
| 1:04.0 | The company's Cloud Computing Division, Amazon Web Services, really did a lot of heavy lifting here. |
| 1:09.8 | Its sales rose 17% last quarter which was way ahead of forecasts. |
| 1:15.2 | CEO Andy Jassie said that demand was up for cloud computing services, |
| 1:19.4 | and he highlighted the company's generative artificial intelligence products. |
| 1:23.9 | It wasn't all sunshine and roses though. |
| 1:26.7 | Amazon's forecasting lower net sales numbers for the current quarter compared to a year ago. |
| 1:32.4 | Still, the company's stock rose as much as |
| 1:34.7 | six and a half percent after the Bell, the Tech Giant is up 17 percent so far this |
| 1:39.8 | year. Ask almost any climate scientist and they'll tell you that the transition to |
| 1:51.0 | clean our energy is both crucial and frustratingly slow. |
| 1:55.0 | And a big reason the transition is so slow is that it is incredibly expensive. |
| 2:00.0 | But private capital might be the answer to that. |
| 2:03.0 | The FTS Jamie Smith joins me now to talk about how private equity groups can help us go green. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.