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Chinese AI Model Raises Pressure on US Spending

At the 2026 World Artificial Intelligence Conference China's Moonshot AI unveiled its Kimi K3 model, intensifying concerns that Chinese developers are rapidly narrowing the AI gap with US rivals while offering lower cost. Bloomberg News China Correspondent Minmin Low and Bloomberg News Technology and Strategic Industries Senior Editor Mike Shepard join Bloomberg This Weekend and discuss how more open models are forcing investors to reassess massive spending on AI infrastructure.

Read more: Chinese AI Model Raises Pressure on US Spending
Bloomberg

New York City FC CEO: FIFA Will Expand Soccer Fan Base

Brad Sims, CEO of New York City FC, discussed the significant impact of the FIFA World Cup final being held at MetLife Stadium on the growth of soccer fandom in the United States, particularly in New York. He highlighted that New York has long been a soccer city, and the World Cup has united fans and attracted many new followers to the sport. He speaks with Romaine Bostick on "The Close."

Read more: New York City FC CEO: FIFA Will Expand Soccer Fan Base
Bloomberg

BetMGM CEO: Most-Bet FIFA World Cup in Our History

The upcoming World Cup final is anticipated to provide a moderate boost to US sports betting operators in the third quarter, particularly if underdog Argentina defeats Spain. Adam Greenblatt, CEO of BetMGM, discussed the potential impact on major sportsbooks such as DraftKings, FanDuel, and BetMGM itself. Bloomberg Intelligence's analysis highlights the increased betting activity driven by the high-profile match, with the defending champion Lionel Messi's participation further fueling interest among bettors. He speaks with Katie Greifeld & Randall Williams on "The Close."

Read more: BetMGM CEO: Most-Bet FIFA World Cup in Our History
Bloomberg

'Voice of Soccer' Andres Cantor on FIFA World Cup Final

Andrés Cantor, Telemundo's Play-by-Play Announcer, shared insights from his extensive experience covering the World Cup, marking his tenth tournament calling matches and eleventh as a reporter. Cantor described his preparation routine for such a major event, including managing vocal strain from previous matches. Reflecting on the evolution of soccer fandom in the United States, he contrasted the 1994 World Cup, when soccer was still a novelty, with the current tournament, which has seen record attendance and a highly knowledgeable fan base. He speaks with Katie Greifeld & Randall Williams on "The Close."

Read more: 'Voice of Soccer' Andres Cantor on FIFA World Cup Final
Bloomberg

Global Citizen CEO: $60M+ Raised for FIFA Education Fund

Global Citizen CEO Hugh Evans discussed the unprecedented FIFA World Cup halftime show, curated by Chris Martin of Coldplay, featuring a diverse lineup including BTS, Justin Bieber, Madonna, Shakira, Burna Boy, the PS22 choir, Gustavo Dudamel with the New York Philharmonic, and the Simon Bolivar Orchestra. This event, representing every continent except Antarctica, centers on the theme of unity and love. The halftime show aims to raise over $100 million for the FIFA Global Citizen Education Fund, which supports grassroots literacy programs worldwide. He speaks with Romaine Bostick on "The Close."

Read more: Global Citizen CEO: $60M+ Raised for FIFA Education Fund

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