OpenAI and Meta are on the brink of releasing new artificial intelligence models, police in Ecuador stormed the Mexican embassy to arrest the former vice-president, and big investors are selling US Treasuries and buying European government bonds. Plus, Australia is trying to boost its manufacturing sector to protect against supply chain disruptions.

Mentioned in this podcast:

OpenAI and Meta ready new AI models capable of ‘reasoning’

Ecuador’s president displays strongman credentials with Mexico embassy raid

Big investors buy European bonds over US as economies diverge

‘Made in Australia’ drive aims to shift economy from ‘world’s quarry’ label

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by 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.

Read a transcript of this episode on FT.com

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Ecuador’s ‘unprecedented’ Mexican embassy raid

FT News Briefing