DeepSummary
The episode discusses various business-related topics, including the upcoming French elections and concerns from corporate leaders, OpenAI's efforts to expand its lobbying team globally, and plans to revive a luxury real estate project in Dubai involving man-made islands.
French President Emmanuel Macron called for parliamentary elections after his centrist coalition performed poorly in European elections. Corporate bosses in France are now worried about the potential outcomes, with some leaning towards supporting Marine Le Pen's far-right party as the lesser of two evils compared to the far-left's proposed tax increases.
OpenAI, the company behind the ChatGPT AI chatbot, is rapidly expanding its global affairs team to influence AI regulation. The episode features an interview with an FT technology reporter discussing OpenAI's lobbying efforts and how they compare to big tech companies like Google and Meta.
Key Episodes Takeaways
- French corporate leaders are concerned about the potential outcomes of the upcoming parliamentary elections and are leaning towards supporting Marine Le Pen's far-right party.
- OpenAI is rapidly expanding its global affairs team to influence AI regulation around the world, particularly in countries where tech regulation is being actively discussed.
- Dubai is reviving a luxury real estate project involving man-made islands, aimed at attracting wealthy buyers and investors seeking ultra-expensive properties.
- OpenAI's lobbying efforts are a response to the sudden attention and interest from regulators and lawmakers following the success of ChatGPT.
- OpenAI's lobbying team is smaller than tech giants like Google and Meta, but the company is taking a proactive approach to shaping AI regulation.
- French President Emmanuel Macron called for parliamentary elections after his centrist coalition performed poorly in European elections.
- The developer of the Dubai island project expects a significant return on investment due to demand from wealthy investors for ultra-expensive properties.
Top Episodes Quotes
- “OpenAI just burst onto the scene with chatgbt like it was really sudden. And I think when that happened, the attention from regulators and lawmakers came quite quickly.“ by Christina Krittl
- “But there is demand from investors for these ultra expensive properties in Dubai. Ali, the developer, thinks that he will make a 30% return on his investment in these islands.“ by Chloe Cornish
- “Senior executives told the FT they see Le Pen's party as the lesser of two evils. They view it more as a blank slate that they can influence.“ by Mark Filippino
- “I spoke to one employee there who was saying, you know, we had so many requests from really high level people, heads of state even, and nobody who could just speak to them on the phone about this technology.“ by Christina Krittl
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Episode Information
FT News Briefing
Forhecz Topher
6/18/24
French business leaders are warming up to France’s far-right and Dubai is trying to optimise a cluster of unique, abandoned islands. Plus, the FT’s Cristina Criddle explains why OpenAI is expanding its global affairs unit.
Mentioned in this podcast:
French businesses court Marine Le Pen after taking fright at left’s policies
OpenAI expands lobbying team to influence regulation
Bill Gross seeks to set record by selling stamp collection for up to $20mn
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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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