A crunchy week for chipmakers

Amazon’s new AI spending blitz sent shares tumbling, chipmakers got swept up in a wider tech equities sell-off, Sir Keir Starmer has apologised to the victims of Jeffrey Epstein for appointing Peter Mandelson as Britain’s ambassador to the US, and American snack companies are lowering prices ahead of the Super Bowl. Plus, can Japanese Prime Minister Sanae Takaichi win this weekend’s election on star power alone?

Mentioned in this podcast:

Amazon stock slumps as it prepares $200bn AI spending blitz

Arm CEO says AI software sell-off is ‘micro-hysteria’

Nvidia AI chip sales to China stalled by US security review

Keir Starmer apologises to victims of Jeffrey Epstein

Food and drink companies suffer as US shopper sentiment sinks

Can Sanae Takaichi govern Japan on star power alone?

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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