Who made up the metaverse?
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 23 December 2021
⏱️ 11 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/693b3337-ce80-4150-866a-01e1c3730fad
US financial conditions are near the most accommodative on record even as the Federal Reserve has begun stepping up its exit from coronavirus crisis-era stimulus measures, and soaring US stock markets are masking a strong tide that is pulling down the share prices of hundreds of companies, and the FT’s European technology correspondent, Madhumita Murgia, discusses science fiction’s influence on technology and social attitudes towards technology, particularly artificial intelligence.
US financial conditions remain easy even as Fed pulls back on stimulus
https://www.ft.com/content/2c73b1f4-b8c1-415b-8df0-237eff180cb0
US stock market advance masks treacherous undercurrents
https://www.ft.com/content/d248d1af-261e-47c8-9a5f-0d264cb9f83b
Into the metaverse: how sci-fi shapes our attitudes to the future
https://www.ft.com/content/2f35be37-9da8-4cf6-89b2-8488b36c5a63
$10bn James Webb Space Telescope scheduled for Christmas Day launch
https://www.ft.com/content/ebc84a97-961a-4ac0-bba1-678580d11a71
The clips from the Metaverse story were from the 1984 movie The Terminator, the 1968 movie called 2001: A Space Odyssey, and the Japanese cartoon Astro Boy.
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.6 | Today is Thursday, December 23rd. |
| 0:03.6 | And this is your FT News Briefing. |
| 0:08.4 | Financial conditions in the U.S. remain historically loose, |
| 0:12.0 | despite the Federal Reserve pulling back on its pandemic stimulus. |
| 0:15.7 | And U.S. equity markets surged this year, |
| 0:18.0 | but a handful of stocks did most of the work. |
| 0:20.8 | Plus, who came up with the metaverse? |
| 0:23.1 | Tech companies are sinking billions into something that comes from an early |
| 0:26.5 | 90s sci-fi novel by Neil Stevenson. |
| 0:30.0 | But he was quoted somewhere saying that he was just making stuff up. |
| 0:34.1 | So we don't really know how it ended up being |
| 0:37.6 | taken so seriously by tech companies. |
| 0:40.6 | We'll look at how science fiction shapes how we think |
| 0:43.2 | and how we feel about robots. |
| 0:46.0 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:49.0 | The Federal Reserve may be pulling back from its pandemic stimulus measures to try and battle inflation, |
| 1:02.2 | but financial conditions in the U.S., like corporate borrowing costs, |
| 1:06.5 | are still near their loosest on record. |
| 1:08.8 | After last week's Fed meeting, there's been only a marginal tightening, |
| 1:12.4 | according to Goldman Sachs. |
| 1:14.0 | It's still really easy for companies to list on public markets and tap lenders for |
... |
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