{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/73fe3ede-5c5c-4850-96a8-30db8dbae8bf/64deb39024478f00124ef3a4?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Saudi Arabia and UAE race to buy computer chips","description":"<p>US mortgage rates have soared to a 21-year high, US retailer earnings reports send mixed messages on consumer spending, and Saudi Arabia and the United Arab Emirates are buying up thousands of the high-performance Nvidia chips crucial for building artificial intelligence software.&nbsp;</p><p><br></p><p><strong>Mentioned in this podcast:</strong></p><p><a href=\"https://on.ft.com/45BMHLz\" rel=\"noopener noreferrer\" target=\"_blank\">Walmart sales rise as inflation keeps consumers hunting for bargains</a></p><p><a href=\"https://on.ft.com/3s8087i\" rel=\"noopener noreferrer\" target=\"_blank\">Target sales hit by Pride backlash and consumer caution</a></p><p><a href=\"https://on.ft.com/3E0MBRG\" rel=\"noopener noreferrer\" target=\"_blank\">Saudi Arabia and UAE race to buy Nvidia chips to power AI ambitions</a></p><p><a href=\"https://on.ft.com/3QK4OL4\" rel=\"noopener noreferrer\" target=\"_blank\">‘People were losing their mind’: Russia’s bootleg Barbie viewings</a></p><p><a href=\"http://ft.com/festival\" rel=\"noopener noreferrer\" target=\"_blank\">FT Weekend festival</a> promo code: <strong>FTPodcast</strong></p><p><br></p><p>The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.&nbsp;</p><p><br></p><p><a href=\"https://www.ft.com/content/a094777e-7526-484c-8185-9492dd740c27\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Read a transcript of this episode on FT.com</strong></a></p>","author_name":"Financial Times"}