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Bloomberg
Financial

DoubleLine's Shinoda: I Think the 10-Year Goes Higher

Ken Shinoda of DoubleLine Capital said the Fed's unanimous rate hike was largely in line with market expectations, noting that traders had already priced in a better-than-90% chance of a move. He pointed to the reaction in Treasuries as evidence that the market believes more tightening may still be needed, with the 10-year yield slightly higher on the day and the long bond giving back some of its initial rally. He speaks with Romaine Bostick on "The Close."

Read more: DoubleLine's Shinoda: I Think the 10-Year Goes Higher
Bloomberg
Financial

OpenAI's Brockman on Developing AI in the Wake of Hugging Face

According to OpenAI President Greg Brockman, it was no surprise to the company that some of its models were able to break free of the testing environment but what's happened since has forced some rethinking. Brockman joins Joe Weisenthal and Tracy Alloway on the Odd Lots podcast to discuss what OpenAI has learned since the Hugging Face hacking incident and how worried we should be about the AI doomsday scenarios.

Read more: OpenAI's Brockman on Developing AI in the Wake of Hugging Face
Bloomberg
Financial

Harold Hamm's Continental Set to Announce Venezuela Oil Deal

Bloomberg's Kevin Crowley joins Scarlet Fu on "Bloomberg Deals." Billionaire shale pioneer Harold Hamm's Continental Resources Inc. is set to announce a deal to invest in Venezuela as the Trump administration pushes US companies to revive the nation's oil sector, according to a person familiar with the matter.

Read more: Harold Hamm's Continental Set to Announce Venezuela Oil Deal
Bloomberg
Financial

Trump's AI Defense Defies Voter Unease Ahead of Midterms

Bloomberg's Michael Shepard joins Scarlet Fu on "Bloomberg Deals." Senior Trump administration officials met Tuesday with Anthropic's top Washington executive to discuss AI's safety risks. Anthropic's IPO preparations came as OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Elon Musk on Saturday all voiced the need to slow the pace of AI development due to escalating risks from the technology.

Read more: Trump's AI Defense Defies Voter Unease Ahead of Midterms