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."
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."
Romaine Bostick sat down with Henrik Lundqvist, former New York Rangers Goalie, from Cantor Fitzgerald's Charity Day, in remembrance of those who lost their lives in the September 11 attacks 25 years ago.
Former New York Knick Allan Houston joins Bloomberg's Romaine Bostick at the Cantor Fitzgerald annual 9/11 Charity Day.
India is hosting the BRICS leaders' summit in New Delhi over the weekend, bringing together leaders from major emerging economies. Bloomberg's Haslinda Amin is in Mumbai with a preview of what to expect.
Brooks Nader, Mary Holland Nader and Grace Anna Nader join Bloomberg's Romaine Bostick at the Cantor Fitzgerald annual 9/11 Charity Day. They reflect on Sept. 11, giving back with City Harvest and new projects they are working on.
Microsoft Corp. plans to more than triple its data center capacity to help overcome a computing shortage that has forced it to turn away some AI and cloud business. Bloomberg's Anurag Rana joins to discuss.
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.
Cantor Fitzgerald Co-CEO Christian Wall joins Bloomberg Open Interest from the firm's New York headquarters to break down a record 2025, a more complicated 2026 and why he thinks AI infrastructure will drive trillions of dollars in new debt issuance.
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.
White House National Economic Council Director Kevin Hassett says President Donald Trump's suggestion of sending $5,000 checks to every adult US citizen "is a serious proposal" and can be done "in a fiscally responsible way."
A key gauge of US consumer prices rose by more than expected last month, bolstering the case for Federal Reserve officials to raise interest rates next week. The consumer price index, excluding food and energy, climbed 0.3% in August from a month earlier, according to Bureau of Labor Statistics data out Friday. The median estimate in a Bloomberg survey called for a 0.2% increase. On an annual basis, it advanced 2.4%. Futures showed investors priced in a rate hike next week as a near certainty following the release, and put a high likelihood on a second increase before the end of the year. We got reaction from Sarah Hunt, Chief Market Strategist at Alpine Saxon Woods. She speaks with Bloomberg's Paul Sweeney and Lisa Mateo.
