FT News Briefing cover image

FT News Briefing

Arm enters the AI race

Oct 30, 2024
11:33
Snipd AI
Guests Mihul Srivastava, FT's correspondent on the Israel-Hamas conflict, and Tim Bradshaw, global tech correspondent, dive into pressing topics. Srivastava shares insights on the new Israeli law impacting UN aid for Palestinians, emphasizing the humanitarian crisis. Meanwhile, Bradshaw discusses Arm's bold move into the AI sector, detailing its plans to lessen reliance on Nvidia and develop its own chips. The duo also touches on intriguing innovations like using African rats for wildlife conservation.
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Podcast summary created with Snipd AI

Quick takeaways

  • Alphabet's recent 34% profit increase highlights the growing demand for cloud services linked to generative AI advancements.
  • ARM's ambition to compete in the AI sector challenges existing partnerships, potentially transforming the landscape of the chip industry.

Deep dives

Google's Surge in Cloud Computing

Google's parent company, Alphabet, reported a substantial 34% increase in profits, largely driven by the rising demand for cloud computing services. This growth is being fueled by the increasing need for data services utilized in training and operating generative AI models. Such demand has had a positive impact on Alphabet's stock, which experienced a notable rise of over 5% in after-hours trading. This trend reflects the deepening integration of artificial intelligence within big tech, indicating a future-centric approach to their business models.

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