Nigel Farage has told donors he expects to do an election deal with the Conservatives, and the race to narrow OpenAI’s dominance in the chatbot race. Plus, Eurozone inflation unexpectedly turns higher and China’s biopharma industry could be a threat to western dominance in the sector.

Mentioned in this podcast:

Farage tells donors he expects to do an election deal with the Tories

Mistral unveils new models in race to gain edge in ‘open’ AI

OpenAI’s Sam Altman declares ‘code red’ after rivals make advances

Eurozone inflation unexpectedly rises to 2.2% in November

Will the next blockbuster drug come from China?

Donald Trump says he will nominate Federal Reserve chair in ‘early’ 2026

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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AI chatbot race enters crunch phase

FT News Briefing