WEBVTT

1
00:00:14.250 --> 00:00:19.490
<v James>Good afternoon. It's twenty-five to five in the afternoon on Wednesday the 7th of October.

2
00:00:19.610 --> 00:00:21.960
<v James>This is Not Perfect News. I'm James.

3
00:00:22.080 --> 00:00:23.050
<v Julie>And I'm Julie.

4
00:00:23.170 --> 00:00:24.830
<v James>Here are today's main stories.

5
00:00:24.950 --> 00:00:31.110
<v James>French police have clashed with school protesters using tear gas in several cities across the country.

6
00:00:31.230 --> 00:00:37.440
<v James>Indian police have broken up an opposition protest following demonstrations over local government policies.

7
00:00:37.560 --> 00:00:43.510
<v James>Five people have been arrested for inciting racial hatred outside a Jewish headquarters in London.

8
00:00:43.630 --> 00:00:51.500
<v James>Later, the latest in technology and AI, and today's feature: SpaceX seeks $40bn for Nvidia chips.

9
00:00:51.620 --> 00:00:57.800
<v James>This programme is researched and voiced using AI, and every source is on our website.

10
00:00:57.920 --> 00:01:00.110
<v James>Here's Julie with the world news.

11
00:01:00.810 --> 00:01:11.400
<v Julie>Thanks, James. French police have used tear gas as they clashed with school protesters in the north of the country on Monday. Unverified reports suggest a teenager lost a hand during the violence.

12
00:01:11.520 --> 00:01:24.830
<v Julie>In Brazil, political concerns are growing after Valdemar Costa Neto stated that Flávio Bolsonaro would seek to release his father if elected president. The development could pave the way for a powerful new presidential candidacy.

13
00:01:24.950 --> 00:01:44.860
<v Julie>Indian police in Delhi broke up an opposition protest on Tuesday night, briefly detaining senior figures including Rahul Gandhi and Priyanka Gandhi Vadra. Demonstrators were demanding the resignation of the Chief Election Commissioner over voter roll changes, though opposition claims that two hundred and thirty-seven members of parliament took part remain unverified.

14
00:01:44.980 --> 00:01:46.760
<v Julie>Here's James with the UK news.

15
00:01:47.460 --> 00:01:56.900
<v James>Thanks, Julie. Police have arrested five people on suspicion of inciting racial hatred following a protest outside Jewish community headquarters in north London.

16
00:01:57.020 --> 00:02:04.250
<v James>A man has appeared in court charged in connection with an alleged break-in at the home of the reform UK leader Nigel Farage.

17
00:02:04.370 --> 00:02:10.070
<v James>A man has pleaded guilty in court to an assault that took place in Greater Manchester earlier this week.

18
00:02:10.190 --> 00:02:12.790
<v James>Here's Julie with the technology and AI news.

19
00:02:13.490 --> 00:02:29.670
<v Julie>Thanks, James. Google has launched a public verification site for media created by artificial intelligence. The tool uses SynthID to check content, though conflicting reports suggest Gemini alone has integrated the system with over one hundred and eighty billion images and videos.

20
00:02:29.790 --> 00:02:42.610
<v Julie>The Pentagon has stopped using Anthropic tools following a supply chain risk designation by Defence Secretary Pete Hegseth. Staff had reportedly used the Claude software for intelligence analysis and target identification until recently.

21
00:02:42.730 --> 00:02:52.690
<v Julie>The Italian Prime Minister has filed to trademark her voice against AI deepfakes. The formal application has been lodged with the European Union Intellectual Property Office.

22
00:02:52.810 --> 00:03:00.900
<v Julie>Ofcom is investigating Meta over the Instagram Instants feature. The media regulator is examining how the new tool operates on the platform.

23
00:03:01.020 --> 00:03:09.450
<v Julie>Asos has confirmed that hackers sent unauthorised notifications through its app. The online fashion retailer is investigating the security incident.

24
00:03:09.570 --> 00:03:11.350
<v Julie>Here's James with today's feature.

25
00:03:12.050 --> 00:03:17.740
<v James>Thanks, Julie. spacex is looking to raise forty billion dollars in a massive new financing round.

26
00:03:17.860 --> 00:03:21.970
<v James>the funding drive is reportedly being led by apollo global management.

27
00:03:22.090 --> 00:03:28.250
<v James>the primary goal of the capital is to purchase advanced artificial intelligence chips from nvidia.

28
00:03:28.370 --> 00:03:34.140
<v James>elon musk has big ambitions for artificial intelligence development across his various corporate ventures.

29
00:03:34.260 --> 00:03:41.230
<v James>he recently stated that the colossus two data center could more than double its nvidia chip count by december.

30
00:03:41.350 --> 00:03:46.980
<v James>spacex is no stranger to major financial maneuvers on public and private markets.

31
00:03:47.100 --> 00:03:52.660
<v James>the aerospace firm completed an eighty-six billion dollar initial public offering back in june.

32
00:03:52.780 --> 00:03:57.490
<v James>the company also raised twenty-five billion dollars through a separate bond sale earlier this year.

33
00:03:57.610 --> 00:04:04.770
<v Julie>for ordinary people watching the tech landscape, this eye-watering sum highlights the sheer scale of the artificial intelligence boom.

34
00:04:04.890 --> 00:04:10.530
<v Julie>chips made by nvidia have become the most sought-after hardware in the modern global economy.

35
00:04:10.650 --> 00:04:18.170
<v Julie>supporters argue that securing this hardware is essential to maintain a technological edge in aerospace and artificial intelligence.

36
00:04:18.290 --> 00:04:24.630
<v Julie>they believe massive computing power will unlock unprecedented leaps in automation and data processing.

37
00:04:24.750 --> 00:04:30.470
<v Julie>sceptics point out that raising forty billion dollars for chips is an extraordinary financial gamble.

38
00:04:30.590 --> 00:04:36.770
<v Julie>critics wonder if the commercial returns on artificial intelligence will ever justify such immense upfront costs.

39
00:04:36.890 --> 00:04:41.860
<v Julie>talks regarding the massive financing package remain at an early stage according to insiders.

40
00:04:41.980 --> 00:04:47.730
<v Julie>representatives for spacex, apollo, and nvidia did not immediately respond to requests for comment.

41
00:04:47.850 --> 00:04:52.050
<v Julie>pimco was also approached about the deal, but the investment firm declined to comment.

42
00:04:52.170 --> 00:04:56.990
<v James>the deal is currently expected to close sometime in twenty twenty-seven.

43
00:04:57.110 --> 00:05:04.110
<v James>spacex must now navigate complex financial markets to secure the largest chip hardware order in history.

44
00:05:04.230 --> 00:05:09.140
<v Julie>forty billion pounds for silicon chips certainly puts household grocery shopping into perspective.

45
00:05:09.260 --> 00:05:14.350
<v James>that concludes our deep dive into the massive funding round for artificial intelligence hardware.

46
00:05:14.470 --> 00:05:19.590
<v James>it does make you wonder how many cooling fans a data center of that size actually needs.

47
00:05:19.710 --> 00:05:23.040
<v Julie>probably quite a few when you are doubling your hardware every few months.

48
00:05:23.160 --> 00:05:27.770
<v James>we will just have to wait and see if the money materialises by twenty twenty-seven.

49
00:05:28.470 --> 00:05:32.500
<v Julie>Thanks, James. Before we go, a reminder of today's main stories.

50
00:05:32.620 --> 00:05:38.580
<v Julie>French police have used tear gas following clashes with protesters outside schools across the country.

51
00:05:38.700 --> 00:05:43.300
<v Julie>Five people have been arrested following protests outside a Jewish headquarters in London.

52
00:05:43.420 --> 00:05:48.680
<v Julie>You'll find all our sources, the transcript and chapters at news.notperfect.biz.

53
00:05:48.800 --> 00:05:53.570
<v Julie>This programme is made with AI, so please check the linked sources for anything important.

54
00:05:53.690 --> 00:05:56.290
<v Julie>That's all from us this afternoon. I'm Julie.

55
00:05:56.410 --> 00:05:59.180
<v James>And I'm James. Thanks for listening, and goodbye.
