FT News Briefing

Ecuador’s ‘unprecedented’ Mexican embassy raid

Apr 10, 2024

11:08

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New AI models by Meta and OpenAI, Mexican embassy raid in Ecuador, big investors favor European bonds, Australia's push for self-sufficiency in manufacturing to combat supply chain disruptions.

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Episode notes

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Quick takeaways

Meta and OpenAI are pushing the boundaries of AI with new models capable of reasoning, showcasing the rapid advancement towards superhuman learning capabilities.

Australia is shifting focus from mining to manufacturing diversity, aiming to bolster domestic industries, reduce economic dependence on imports, and foster innovation in key sectors.

Deep dives

Advancements in AI: Towards Superhuman Learning

AI is advancing towards superhuman learning capabilities, with companies like Meta and OpenAI developing new AI models capable of reasoning. Meta is set to launch LAMA3, a tool designed to integrate AI into everyday devices like smart glasses for practical use, such as guiding users on repairs. OpenAI's GPT-5 chat is also on the horizon, highlighting the significant progress in creating AI with remarkable abilities.

Introduction

3min

Political Risk and Security Concerns in Ecuador

3min

Ecuador's Actions, Investor Trends, and Australia's Manufacturing Pivot

2min

Australia's Economic Dependence and the Plan for Self-Sufficiency

4min

OpenAI and Meta are on the brink of releasing new artificial intelligence models, police in Ecuador stormed the Mexican embassy to arrest the former vice-president, and big investors are selling US Treasuries and buying European government bonds. Plus, Australia is trying to boost its manufacturing sector to protect against supply chain disruptions.

Mentioned in this podcast:

OpenAI and Meta ready new AI models capable of ‘reasoning’

Ecuador’s president displays strongman credentials with Mexico embassy raid

Big investors buy European bonds over US as economies diverge

‘Made in Australia’ drive aims to shift economy from ‘world’s quarry’ label

Promo code for 10% off tickets: weekendpodcast

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

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