Hey guys, it's Mark checking in from my time off.
I wanted to let you know about the FT Weekend Festival happening on Saturday,
September 5th at Kenwood House Gardens in London or online wherever you are.
Spend the day with FT journalists, leading voices,
and forward thinkers across business, politics, economics, culture, and the arts.
As a podcast listener, you're going to save 10% on tickets with the code FTPodcast.
Just visit ft.com slash festival to find out more.
We'll have that link in the show notes.
Good morning from the Financial Times.
Today is Wednesday, July 29th, and this is your FT News Briefing.
Ukraine has a new tactic in its war with Russia,
and big tech companies are facing a dilemma as they report earnings this week.
Can one of these companies get the mix right of strong AI growth without the overwhelming and terrifying AI spending?
Plus, AI has been hallucinating all over reports from big four consultants.
I'm Sonia Hudson, in for Mark Filipino, and here's the news you need to start your day.
Ukraine has a new strategy for attacking Russia's energy industry.
It's previously conducted broad drone attacks on refineries.
Now, Ukraine is focusing on striking critical components that are hard to replace.
The goal is to keep plants offline for longer and make each attack more costly for Moscow.
This is all according to Ukrainian military planners, drone operators, and energy specialists.