Bloomberg News and Videos — Page 463

Andy Burnham is set to become the UK's seventh prime minister in just over a decade. Burnham's arrival at 10 Downing Street will complete an ascent for a Labour veteran and twice-defeated leadership contender who was serving as the mayor of Greater Manchester outside Parliament and with no obvious route to national power until less than 10 weeks ago. Bloomberg Opinion's Rosa Prince breaks down the situation and its significance. Her views are her own.

Artificial Intelligence Pioneer Kai-Fu Lee's Chinese AI startup is pushing ahead with plans to raise funds before an initial public offering in 2027. 01.AI is a company that develops open-source AI models, and Lee says its 'financial numbers are ready right now, but it's a matter of going through the process'. He speaks with Minmin Low from the sidelines of 'The 2026 World AI Conference' in Shanghai.

George Chen, Partner and Digital Practice Chair at The Asia Group, discusses his outlook for China's strategy for AI development, as players like Moonshot AI release models that are more advanced open-weight, that can outperform all rivals except for Anthropic's Claude Fable and OpenAI's GPT-5.6 on overall capability. He speaks on the sidelines of the World AI Conference in Shanghai on "Bloomberg: The Asia Trade".

George Chen, Partner and Digital Practice Chair at The Asia Group, discusses his outlook for China's strategy for AI development, as players like Moonshot AI release models that are more advanced open-weight, that can outperform all rivals except for Anthropic's Claude Fable and OpenAI's GPT-5.6 on overall capability. He speaks on the sidelines of the World AI Conference in Shanghai on "Bloomberg: The Asia Trade".

Allen Zhang, Founder and CEO of Matrix Robotics, expects advances in computing power and declining costs to drive a tenfold reduction in the company's robot prices over the next 24-36 months. He also forecasts that the company will achieve profitability within the next 12 months. He spoke on the sidelines of the World AI Conference in Shanghai.

Victor Huang, Co-founder and Chairman at Manycore Tech, discusses the company's business strategy and AI priorities as it unveils its upgrade for its AI video creation agent, LuxReal. He speaks with Minmin Low on Bloomberg: The China Show.

Mitsubishi Electric is looking to reach a power-chip deal by September with rivals Toshiba and Rohm. Speaking exclusively with Bloomberg's Shery Ahn, CEO Kei Uruma says the move is to consolidate three of the world's top suppliers in the electronics supply chain.

Chinese firm Moonshot AI's Kimi K3 is said to outperform many rivals on overall capability. Bloomberg's Anthony Stephens discusses how China could be closing the gap faster than expected.

President Trump posted on Truth Social that Republicans should add Iran to the Russian sanctions bill, saying that it's what the late Senator Lindsey Graham wanted to do. While on Bloomberg This Weekend, Senator Jeanne Shaheen told hosts David Gura and Christina Ruffini that Graham never raised concerns about adding Iran to the sanctions bill. The Senator, who is the ranking member of the Senate Foreign Relations Committee and Co-Chair of the bipartisan NATO Observer Group, also addressed the recent Iranian strikes in Jordan that resulted in the deaths of two US service members. (Headline updated for clarity.)

Rep. Marlin Stutzman joins Bloomberg This Weekend and tells hosts David Gura and Christina Ruffini that the Trump administration should maintain military and economic pressure on Iran following the deadly strike on a US base in Jordan, arguing regime change remains the best long-term outcome. He also backed expanding sanctions on Iran, called for applying insider trading rules to prediction markets and urged greater transparency about Sen. Mitch McConnell's health.