Warner Bros tells Paramount to make an offer it can’t refuse

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• 00:02

  Good morning from the Financial Times.

• 00:04

  Today is Wednesday, February 18th, and this is your FT News Briefing.

• 00:08

  Two big tech giants announced a very large deal yesterday,

• 00:12

  and Paramount is getting one last chance to land Warner Bros.

• 00:15

  Discovery.

• 00:17

  Plus, the Trump administration tried to kill offshore wind projects,

• 00:20

  but companies are mounting a comeback.

• 00:23

  The industry is kind of banking on it being a lot harder to stop a wind farm that's actually producing electricity.

• 00:28

  I'm Mark Filipino, and here's the news you need to start your day.

• 00:43

  Meta will spend billions of dollars on Nvidia chips in a multi-year deal announced yesterday.

• 00:49

  It's a big break for Nvidia.

• 00:51

  The company is facing more and more competition from rivals like AMD as well as customers,

• 00:56

  including Meta.

• 00:57

  The social media group is developing its own in-house hardware.

• 01:01

  Last month,

• 01:01

  Meta CEO Mark Zuckerberg announced the company would double its AI infrastructure spending this year to a whopping $135 billion.

• 01:10

  Yesterday's announcement said both companies share price a little higher in after hours trading.

• 01:14

  We'll get a closer look at how Nvidia is doing when it reports quarterly earnings next week.

• 01:29

  Twist.

• 01:30

  On Tuesday,

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