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Balancing AI Risks With the Race to Stay Ahead of China

As debate intensifies over the risks of advanced AI and the rapid expansion of data centers, Eclipse CEO Lior Susan venture argues the industry needs collaboration rather than a retreat to avoid ceding the US's technological lead over China. He also says the tech industry needs to do a better job explaining the benefits of data centers to local communities and how physical AI could become a major driver of US economic growth. He joins Ed Ludlow on "Bloomberg Tech."

Read more: Balancing AI Risks With the Race to Stay Ahead of China
Bloomberg
Financial

Apple's Foldable iPhone Duo Shows the Upside of Waiting

Apple may be late to the foldable smartphone market, but its first attempt is already raising the bar. Bloomberg's Chris Welch takes an early look at the $1,999 iPhone Duo, from its carefully engineered hinge and 7.6-inch inner display to a redesigned iOS experience that takes advantage of the foldable form factor. He joins Ed Ludlow on "Bloomberg Tech."

Read more: Apple's Foldable iPhone Duo Shows the Upside of Waiting
Bloomberg
Financial

OpenAI's Altman May Slow Down AI Development

OpenAI is considering slowing down the development of cutting-edge AI. In a company-wide meeting this week, Altman told employees that OpenAI could potentially pace its AI development - perhaps even in conjunction with several other AI labs, according to sources. Bloomberg's Shirin Ghaffary has the scoop and joins Ed Ludlow on "Bloomberg Tech."

Read more: OpenAI's Altman May Slow Down AI Development
Bloomberg
Financial

Oracle's AI Cloud Growth Eases Buildout Concerns

Oracle's latest results helped ease concerns around its massive AI infrastructure buildout, with cloud infrastructure revenue growing 120% and the company bringing roughly 850 megawatts of new capacity online. BNP Paribas Global Head of Software Research Stefan Slowinski sees a more constructive setup as Oracle moves toward positive free cash flow, but says its upcoming Financial Analyst Day will be key for understanding the returns and the financing behind its AI expansion. He joins Ed Ludlow on "Bloomberg Tech."

Read more: Oracle's AI Cloud Growth Eases Buildout Concerns
Bloomberg
Financial

In Post 9/11 Era, NYC's Downtown Forges Life Beyond Wall Street

Lower Manhattan has evolved from a business district that largely emptied out after work into a hub for housing, culture and nightlife, with the population more than doubling since 9/11. The area has added almost 25,000 residential units since 9/11, and its workforce has diversified, with financial services now representing 25% of downtown's occupied space. Blomberg's Amanda L. Gordon joins Bloomberg Intelligence to discuss.

Read more: In Post 9/11 Era, NYC's Downtown Forges Life Beyond Wall Street
Bloomberg
Financial

Cantor's 9/11 Charity Day

On September 11th, 2001, Cantor Fitzgerald lost 658 employees in the World Trade Center attacks. Twenty-five years later, the firm has turned its worst day into one of Wall Street's biggest days of giving. In this exclusive look inside Cantor's New York trading floor, Chairman Brandon Lutnick and Executive Vice Chairman Kyle Lutnick explain how employees now waive a day's pay for Charity Day, raising a record $15 million last year through the Cantor Fitzgerald Relief Fund and why they're determined to top it on the 25th anniversary.

Read more: Cantor's 9/11 Charity Day