Good morning from The Financial Times.
Today is Tuesday, October 7th, and this is your FT News Briefing.
Europe applies pressure to Russia over suspected spy attacks,
and another open AI deal has analysts worried.
Plus, US-focused companies are losing out on the benefits of a weaker dollar.
I'm Sonya Hudson, and here's the news you need to start your day.
The European Union is expected to limit the travel of Russian diplomats within the bloc.
The move is a response to a surge in suspected spy attacks.
Those include arson and infrastructure sabotage.
The proposed rules will force Russian diplomats based in EU capitals to inform other governments of their travel plans outside their host country.
The restrictions are part of a new set of sanctions that need unanimous support to get approved.
Hungary was the last country opposed to the initiative,
but two people familiar with the matter say Budapest has dropped its veto.
There's been a flurry of artificial intelligence related deals lately,
and they're starting to look pretty circular.
OpenAI agreed to buy tens of billions of dollars worth of chips from AMD yesterday.
This comes just a couple of weeks after AMD's rival,
NVIDIA, announced $100 billion investment into OpenAI.
Here to talk more about why analysts are worried is the FT's venture capital correspondent,
George Hammond.