SoftBank will invest $500mn into OpenAI as part of a fundraising round that will give the start-up a $150bn valuation, and Chinese equities post their best day since the 2008 global financial crisis. Plus, new data suggests artificial intelligence start-ups are bringing in revenues at an unprecedented rate, and South Korean exporters are struggling to compete with a glut of goods from Chinese rivals.

Mentioned in this podcast:

SoftBank to invest $500mn in OpenAI

AI start-ups generate money faster than past hyped tech companies

Chinese stocks surge 8.5% in best day since 2008

From steel to kimchi, South Korean exporters face flood of Chinese rivals

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AI start-ups generate revenue at record pace

FT News Briefing

AI start-ups generate revenue at record pace