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Oracle’s leadership shake-up
Nvidia said it planned to invest up to $100bn in OpenAI to support a massive build-out of artificial intelligence data centres, Oracle’s Safra Catz is stepping down as chief executive and the US is considering a “large and forceful” intervention to support Argentina through a bout of severe market volatility. Plus, shares in Indian IT companies fell after US President Donald Trump sharply raised the application fee for H-1B visas. Mentioned in this podcast: Nvidia to invest up to $100bn in OpenAI Oracle splits CEO role as Safra Catz steps down TikTok algorithm to be overseen by Oracle in Trump deal US offers financial lifeline to Argentina’s Javier Milei Indian IT shares fall over fears from Trump’s $100,000 H-1B visa fee Until 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsale Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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