The Big Tech earnings dilemma

Ukraine is shifting its long-range drone campaign to focus on critical Russian infrastructure, and Big Tech companies are facing an AI dilemma as they report quarterly earnings. Plus, Google DeepMind is leaving behind its Nobel-winning AlphaFold project for new ventures, and PwC published “thought leadership” reports containing AI-generated hallucinations.

Mentioned in this podcast:

Ukraine adapts strikes on Russian energy industry to hit critical components

Chip stocks tumble as AI sell-off deepens

Google DeepMind dismantles Nobel-winning AlphaFold team in strategy shift

PwC published ‘thought leadership’ reports marred by AI hallucinations 

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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music. 

Read a transcript of this episode on FT.com

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