The AI digital divide
4/23/202612 min
Tesla’s profits rebounded from last year’s lows, Brent crude jumped back above $100 a barrel on Wednesday after Iran’s navy said it seized two commercial ships in the Strait of Hormuz, and China’s new trade rules have concerned businesses operating in the country. Plus, the FT’s John Burn-Murdoch unpacks a survey that finds the highest-earning workers are adopting AI in their jobs far faster than others and Switzerland hit UBS with a proposed $20bn capital increase.
Mentioned in this podcast:
Tesla shares rally as profits rebound from last year’s lows
Trump’s ‘dirty ceasefire’ tested as Iran hits shipping
US allies in Gulf and Asia have requested swap lines, Scott Bessent says
China links tough new trade rules to Iran war and Panama port dispute
High earners race ahead on AI as workplace divide widens
Switzerland hits UBS with proposed $20bn capital increase
Credit: Reuters
Note: The FT does not use generative AI to voice its podcasts
Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley 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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Transcript preview
First 90 secondsSpeaker 00:00
[background music] Thinking long term about your investment career? Hear stories, advice, and lessons from seasoned leaders at Capital Group on the Capital Ideas podcast. Subscribe and start listening today. Published by Capital Client Group Inc.
Marc Filippino· Host0:14
Good morning from the Financial Times. Today is Thursday, April twenty third, and this is your FT News Briefing. Tesla has good news for investors, and China's new trading rules have businesses walking on eggshells. Plus, the FT's John Burn-Murdoch explains how artificial intelligence is dividing the workplace.
Joe Le· Guest0:36
Although it might be true that within particular workplaces, AI can kind of level the playing field, across the whole economy, it seems to have the opposite effect.
Marc Filippino· Host0:44
I'm Mark Philippo, and here's the news you need to start your day. [news music] Tesla looks like it's rebounding. Profits for the electric vehicle maker rose seventeen percent in the first quarter of this year compared to the same period last year. It's an improvement from a couple of months ago, but it's still below what analysts expected. It's also the company's second weakest quarterly profit figure in five years. This time last year, Tesla sales really suffered. The company's CEO, Elon Musk, alienated many customers with his involvement in the early days of the second Trump administration.