Big tech spending on AI strains cash flow

Big Tech groups are expected to generate the smallest amount of cash in more than a decade this year, and investors are dumping Indian assets. Plus, GameStop CEO Ryan Cohen, has set his sights on his next project: a huge leveraged buyout of eBay.

Mentioned in this podcast:

Big Tech’s $725bn AI spending spree sends cash flows to decade low

Investors dump Indian assets as energy shock sends rupee sliding

Can the meme stock king pull off audacious eBay swoop?

Political Fix podcast

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Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Victoria Craig. Our show was mixed by Sam Giovinco. Additional help from Michael Lello and David da Silva. 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. 

Credit: CNBC

Read a transcript of this episode on FT.com

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