FT News Briefing

The glitch in China’s AI plans

Big tech groups including Nvidia led a broad US stock market sell-off on Tuesday, and Huawei’s AI chips are dealing with some bugs. Plus, US homebuilders are facing their biggest credit crunch in more than a decade, and foreign investors are backing out of Indian equities.  Mentioned in this podcast:<a href="https://on.ft.com/3MtLRJ4" rel="noopener noreferrer" target="_blank">US homebuilders face credit crunch as banks cut lending</a> <a href="https://on.ft.com/3yRWSks" rel="noopener noreferrer" target="_blank">Huawei’s bug-ridden software hampers China’s efforts to replace Nvidia in AI</a> <a href="https://on.ft.com/3yVe48G" rel="noopener noreferrer" target="_blank">Global stocks slide as investors fret over US slowdown</a> <a href="https://on.ft.com/4gdQqVM" rel="noopener noreferrer" target="_blank">Foreign investors pull out of frothy Indian equity market</a>  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Peter Wells, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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. <a href="https://www.ft.com/content/999f079c-5c4c-433e-8c59-424ff7d6d598" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.