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Anthropic Says US Lifted Restrictions on Fable 5

The US government removed foreign access restrictions on Anthropic's Fable 5 artificial intelligence model, clearing it for wider distribution. Anthropic said it had received notice that Commerce was lifting the curbs on access to Mythos 5 and Fable 5 AI models. Some of the restrictions on Mythos had been eased on June 26. Bloomberg's Neil Campling reports.

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Japan Investment Corp.'s Hata on AI, Strategic Sectors

Yuka Hata, Senior Managing Director & Head of Fund Investments at Japan Investment Corporation, says demand for capital is growing as Japan shifts its focus toward physical AI and deep technologies. She adds that Japan's labor shortages have heightened the need for AI-driven solutions, making the sector a key investment priority for JIC.

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Nike Succession in Focus With New CFO Ready To Take Helm

Jeff Christian, Founder and CEO of Executive Search firm Christian & Timbers, discusses Nike's strategic shift following the completion of its CEO transition. He highlights that the company is now in 'proof mode,' emphasizing execution and delivering improved financial results. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Read more: Nike Succession in Focus With New CFO Ready To Take Helm
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Nike Appoints Pfizer CFO as New Finance Chief Amid Industry Experience Questions

Nina Trentmann, Senior Editor at Bloomberg News, discussed the recent appointment of Dave Denton, formerly Pfizer's CFO, as Nike's new Finance Chief. While some analysts have expressed concerns about Denton's lack of direct retail and apparel industry experience, Trentmann noted that for large companies like Nike and Pfizer, deep industry knowledge may be less critical than experience managing a complex, global business with a significant market capitalization and extensive supply chains. She speaks with Romaine Bostick & Katie Greifeld on "The Close."

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Progress Software Earnings Beat Estimates, Boosts Forecast

Yogesh Gupta, CEO of Progress Software, said that AI is a big driver for his company as it beat earnings estimates and boosts forecasts for the next quarter. Gupta said that his company can aggregate data for AI in a way that reduces the number of tokens necessary to run AI agents and saves customers money.

Read more: Progress Software Earnings Beat Estimates, Boosts Forecast