FT News Briefing FT News Briefing

DeepSeek mania spawns shadow market

Sep 9, 2026 · 11m

Summary

The UK is concerned that Anthropic is excluding its AI security institute from evaluating new models, favoring US vetting instead. Greece is courting hedge funds with a new 5% tax regime on carried interest, aiming to attract capital from the UK and Gulf. Oil prices surged near $100 as US strikes on Iranian tankers and Houthi attacks on Saudi infrastructure deepen regional supply crunches. Meanwhile, investors are paying steep fees in a shadow market to gain access to DeepSeek’s $7.1 billion fundraising round, driven by intense demand for Chinese AI exposure.

Topics discussed

Sponsor: Hard Lessons podcast Intro: UK AI concerns, Greece hedge funds, DeepSeek Anthropic blocks UK AI safety evaluation Greece courted hedge funds with tax incentives Oil prices spike on US-Iran tensions Investors scramble for DeepSeek equity MIT creates mini livers for transplants Outro and show notes Sponsor: RBC Strategic Alternatives Sponsor: Paylocity platform
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