The podcast discusses the Federal Trade Commission's inquiry into partnerships between Big Tech cloud providers and generative AI companies. It also highlights the impact of Boeing's problems on the airline industry. Additionally, the podcast explores observations from the US election cycle and the global impact of the upcoming presidential election.
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Quick takeaways
The Federal Trade Commission is investigating partnerships between Big Tech cloud providers and generative AI companies, raising concerns of potentially anti-competitive behavior.
Boeing's problems, including the grounding of its Max 9 planes, are causing significant profit losses for US airlines, leading to dissatisfaction among airline CEOs and accountability demands from the industry.
Deep dives
US regulators to investigate big tech investment into AI
The Federal Trade Commission (FTC) has launched an inquiry into partnerships between cloud providers and generative AI companies, targeting companies like Amazon, Microsoft, Google, anthropic, and open AI. The inquiry aims to investigate potentially anti-competitive behavior and the companies have 45 days to respond.
US airlines face profit losses due to Boeing's problems
US airlines are experiencing substantial profit losses due to issues with Boeing. The grounding of Boeing's Max 9 planes following a mid-air accident has impacted United Airlines and Alaska Airlines. The FAA also limited Boeing's production of all 737 Max jets. CEOs of major airlines, such as American Airlines and United Airlines, are expressing their dissatisfaction and holding Boeing accountable.
European Central Bank hints at potential interest rate cuts
The European Central Bank (ECB) signaled that inflation is starting to ease, potentially leading to interest rate cuts. ECB President Christine Lagarde mentioned that rapid wage growth is slowing down. The ECB also noted that the recent increase in the Eurozone's December inflation rate was weaker than expected, forecasting further easing of price pressures throughout the year.
The Federal Trade Commission has launched an inquiry into the partnerships between Big Tech cloud providers and generative AI companies, the European Central Bank is keeping rates on hold, and Boeing’s problems are having a ripple effect on the broader airline industry. Plus, take a sneak peek at a new show we’re launching called Swamp Notes!
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.