Canadian Prime Minister Mark Carney talks about efforts to increase foreign investment in the nation, seeking coordination on artificial intelligence safety, and the state of trade with the United States. He joins Bloomberg News' Ottawa Bureau Chief Brian Platt ahead of the country's first national investment summit in Toronto.
Alex Turner, a former Google DeepMind research scientist, joins Bloomberg Open Interest to explain why he left the firm over safety concerns and why he thinks AI progress is moving too fast for governments, companies, and even superpowers like the US and China to control. He reveals how tracking compute could be the key to real regulation, and why Big Tech's calls to "slow down" might be both sincere and a power play.
Anthropic PBC and OpenAI will have to weigh their calls to tap the brakes on artificial intelligence development against forces in the tech industry, financial markets and the Trump administration. Parmy Olson, Bloomberg Opinion tech columnist, discusses the impact of recent calls from big tech bosses to rein in the pursuit of cutting-edge AI models.
On this episode of Stock Movers: - Baldwin (BWIN) shares are moving as Michael Dell's family office and Sequence Holdings teamed up to acquire Baldwin Insurance Group Inc. in an all-cash deal valued at $7.7 billion. - SpaceX (SPCX) shares are moving after the Chief Executive Elon Musk said Sunday on social media platform X that he is "highly confident" the company will launch Nvidia's (NVDA) Vera Rubin NLV72 artificial intelligence computers in space next year. - Oracle (ORCL) shares are lower as Chairman Larry Ellison canceled his plan to sell as many as 50 million shares in the tech company, a holding worth $7.5 billion.
Prime Minister Mark Carney says Canada will come to an agreement on trade with the US at some point. He says Canada is ready to sit down and negotiate. Talks broke down on August 21. Carney speaks exclusively to Bloomberg's Brian Platt in Toronto ahead of a national investment summit.
Canadian Prime Minister Mark Carney says he'd like to see the creation of a global technology stability board to oversee artificial intelligence. He speaks exclusively to Bloomberg's Brian Platt in Toronto.
Etihad Airways Chief Executive Officer Antonoaldo Neves discusses fuel price hedging and the risks around the conflict in the Middle East. He also talks about a possible future IPO, saying the airline doesn't have any plans for that. "We can finance our expansion with our own cash flow generation," Neves says. He speaks with Bloomberg's Abeer Abu Omar.
US Energy Secretary Chris Wright says he expects Saudi Arabia's East-West Pipeline to the Red Sea to be up and running "very soon." Wight also discusses flows of crude oil and oil products through the Strait of Hormuz and the status of the US's strategic petroleum reserve on "Bloomberg Surveillance."
Matt Hornbach, global head of macro strategy at Morgan Stanley, expects the Federal Reserve to deliver a 25 basis-point rate hike on Wednesday. He says, "it's certainly a possibility that the Fed is one and done but that's not what the markets are pricing in at the moment."
Col. Wayne Sanders (Ret.) of Bloomberg Intelligence examines the role being played by Yemen's Houthis against Iran's Gulf state neighbors and the importance of Oman to the US in the Middle East.
China criticized dire warnings about AI's risks after leading US technology executives backed calls to slow the development of advanced models and warned that a Chinese advantage could threaten American national security. spokesman Guo Jiakun said "Fearmongering, confrontation and vicious competition will only disrupt the process of global AI governance and serve the interests of no one,". The comments came after Anthropic CEO Officer Dario Amodei called for companies to moderate the pace at which they improve AI capabilities, warning that safeguards are failing to keep up. Our Tech Europe Anchor Tom Mackenzie Joins Stephen Carroll and Caroline Hepker on Bloomberg Radio to discuss
Lori Calvasina, head of US equity strategies at RBC, discusses earnings risks for stocks from the artificial intelligence buildout and what her firm sees on technology capex outside of the top 10 markets cap names in the S&P 500.
