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Apollo's Zelter Says Compute, Energy Will Be AI Bottlenecks

Apollo Global Management President Jim Zelter says compute and energy will remain bottlenecks as the artificial intelligence investment boom accelerates. Speaking with Bloomberg's Francine Lacqua, Zelter discusses Apollo's exposure to AI and data centers, the outlook for the US economy, the growing role of private capital in defense, as well as European investment and the opportunities in the UK.

Read more: Apollo's Zelter Says Compute, Energy Will Be AI Bottlenecks
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It's 'Appalling' How US Treats Allies, Yellen Says

Former Treasury Secretary Janet Yellen says Canada should retaliate against US tariffs imposed by President Donald Trump. "I think it's appalling, and I understand exactly why you feel betrayed by the United States and are so angry about it," Yellen said in response to a question from former Canadian Finance Minister Chrystia Freeland during an interview for Bloomberg Television's Wall Street Week.

Read more: It's 'Appalling' How US Treats Allies, Yellen Says
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Republican Cash Pours In to Prop Up Ken Paxton in Texas

Republican Senate nominee Ken Paxton is seeing an influx in spending on his behalf as he tries to preserve the GOP's grip on statewide offices in Texas. But he's facing headwinds, with supporters leaking two sets of recorded comments from private events and President Donald Trump offering criticism, even while stumping for him. Julie Fine reports on "Balance of Power."

Read more: Republican Cash Pours In to Prop Up Ken Paxton in Texas
Bloomberg
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AI Firms Face Scrutiny in Australia

Australia is stepping up scrutiny of artificial intelligence, with representatives from OpenAI, Anthropic, Microsoft and Google facing questions from a parliamentary inquiry. The hearing comes after OpenAI revealed their technology breached Australian government agencies earlier this year. Director of the AI Institute at the University of New South Wales, Sue Keay joins "Bloomberg: The Asia Trade" to discuss safety concerns, regulation and whether Australia risks missing out on the benefits of AI.

Read more: AI Firms Face Scrutiny in Australia