US tech stocks and the chip sell-off

Google said it plans to spend at least $55bn more on capital expenditure this year than Wall Street had forecast, US tech stocks were hit by a fresh wave of selling on Wednesday, and the FT’s Chris Cook talks about the challenges of unpacking millions of documents on Jefferey Epstein. Plus, OpenAI senior staff are leaving because the company is prioritising ChatGPT. 

Mentioned in this podcast:

Google adds $55bn to capex plans as it boosts AI spending

US tech stocks hit with fresh wave of selling as chipmaker AMD tumbles

Police launch criminal investigation into Mandelson over Epstein scandal

OpenAI’s ChatGPT push triggers senior staff exits

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

Credit: NBC News

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. 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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