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AI 'Existential Risk' Is Close to Zero: Databricks CEO

Databricks CEO Ali Ghodsi is pushing back on fears that AI poses an existential threat to humanity, calling that risk "close to zero" while warning that the technology presents a very real and growing cybersecurity challenge. He discusses why AI is dramatically shortening the time it takes attackers to exploit vulnerabilities, how Databricks is preparing for those threats, and why the current period of rapid technological change reinforces his preference to keep the company private for now. He joins Ed Ludlow on "Bloomberg Tech."

Read more: AI 'Existential Risk' Is Close to Zero: Databricks CEO
Bloomberg
Financial

Inflation Can Jeopardize Growth, Says Croation Central Bank Governor

Croatian National Bank Governor Ante Žigman told BTV's Oliver Crook that the ECB must get inflation under control, otherwise it "can jeopardize the growth." He made the comments on Thursday in his first interview with international media since taking office in June.

Read more: Inflation Can Jeopardize Growth, Says Croation Central Bank Governor
Bloomberg
Financial

Huang Says AI Firms Should Be 'More Rigorous in Testing'

Nvidia CEO Jensen Huang comments on the sidelines of an event hosted by King Charles III in Scotland about concerns surrounding the mounting risks of artificial intelligence. "You have rigorous testing systems, the testing lab should be contained, and products should not be released to the public until it's ready to be used by the public," Huang says.

Read more: Huang Says AI Firms Should Be 'More Rigorous in Testing'
Bloomberg
Financial

Lazard's Van Nostrand Says Markets Are Entering a Supply-Side Era

Lazard Asset Management CIO Eric Van Nostrand says recent volatility in geopolitics, oil prices and higher rates reinforces Lazard's view that markets are shifting into a new supply-side era, where outcomes are being driven more by supply shocks than by consumer demand. He speaks on "Bloomberg Open Interest."

Read more: Lazard's Van Nostrand Says Markets Are Entering a Supply-Side Era
Bloomberg
Financial

Inflation Pressures Remain in 'Cyclical Upswing,' Says Lakshman Achuthan

US Treasuries advanced Thursday as the Federal Reserve's interest rate hike reassured investors that the central bank is determined to tame inflation.  Lakshman Achuthan, COO and co-founder at ECRI, reacts to the Fed decision and what comes after the first hike of a rate hike cycle.

Read more: Inflation Pressures Remain in 'Cyclical Upswing,' Says Lakshman Achuthan
Bloomberg
Financial

Generac Up on Amazon Agreement; Coreweave Kicks Off Fundraising | Stock Movers

On this episode of Stock Movers: - Generac (GNRC) shares are jumping after the company and Amazon execute a long-term supply agreement, with initial deliveries of backup generators expected to total $2.4b in 2027, 2028. - CoreWeave (CRWV) is the most actively traded stock in the premarket as it kicked off a fresh round of fundraising that includes a $3 billion convertible bond issue and a vehicle for potential share sales. - Lockheed Martin (LMT) shares are moving on news the Pentagon and Lockheed Martin have struck a framework agreement for a multi-year production contract for the Joint Advanced Tactical Missile, or JATM.

Read more: Generac Up on Amazon Agreement; Coreweave Kicks Off Fundraising | Stock Movers