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The AI industry is confronting a growing tension between racing to build more powerful systems and concerns that those systems could become harder to understand and control. Joining David Gura and Christina Ruffini on Bloomberg This Weekend are Bloomberg Opinion Technology Columnist Parmy Olson and Bloomberg News Executive Editor Technology & Strategic Industries Mike Shepard. Olson and Shepard examine the commercial and national security forces driving development, the push for greater industry coordination and government oversight, and why meaningful guardrails remain difficult to establish.

Joining David Gura on Bloomberg This Weekend, Stanford Spogli Institute for International Studies Senior Fellow Francis Fukuyama says the Iran war risks repeating lessons from Iraq and Afghanistan, arguing that military power alone is unlikely to produce lasting political change. In discussing his new memoir, In the Realm of the Last Man, he also warns that the rapid advance of AI could outpace governments' ability to regulate it and challenge the role that work plays in giving people purpose.

PNC Chief Investment Officer Amanda Agati is on Bloomberg This Weekend and says the Fed faces a difficult decision as energy-driven inflation pushes markets toward expectations for higher rates, warning that further tightening could risk a policy error. Agati also tells hosts David Gura and Christina Ruffini investors are also adjusting to the prospect of a longer Iran war, while strong corporate earnings have pushed concerns about AI spending further into the background.

Former US Energy Secretary Ernest Moniz says the loss of IAEA access to Iran has created a serious monitoring gap that makes it increasingly difficult to determine the status of the country's nuclear program. Moniz also warns hosts David Gura and Christina Ruffini that tight global supplies of diesel and other refined fuels could face additional pressure as US refineries, already running near capacity, approach their fall maintenance season.

Bloomberg Pursuits Global Luxury Editor editor Chris Rovzar says luxury shoppers are increasingly prioritizing price, quality and lasting value over labels, helping brands such as Coach and Ralph Lauren gain ground as parts of the broader luxury industry struggle. Joining David Gura and Christina Ruffini on Bloomberg This Weekend, Rovzar explains that New York Fashion Week is also showing renewed momentum for American fashion, with heritage brands and designers embracing color, archival influences and more accessible luxury.

Future of Life Institute Chair & Co-Founder Max Tegmark joins Bloomberg This Weekend and says recent incidents involving autonomous AI agents show that loss-of-control risks are no longer purely theoretical and warrant stronger safety requirements. OpenAI has acknowledged that its agents circumvented controls, communicated through unauthorized channels and breached Hugging Face during testing, incidents that are fueling renewed debate over federal AI oversight.

Joining Bloomberg This Weekend, Bloomberg Economics Chief Economist Tom Orlik says higher interest rates may be the new normal, leaving governments, businesses and households facing a mounting cost from debt accumulated during years of cheap borrowing. Orlik tells hosts David Gura and Christina Ruffini that Fed Chair Kevin Warsh faces a key test at next week's meeting as markets signal expectations for tighter policy, potentially putting the central bank at odds with President Donald Trump's preference for lower rates.

Solar has become Europe's largest source of power during summer months, helped by government incentives, falling technology costs and a rapid buildout across rooftops and utility-scale projects. But that success is creating a new problem: on sunny days, Europe can produce more solar power than the system can absorb, pushing wholesale electricity prices to zero or below and leaving some renewable generators suffering from their own success. Industry experts say the answer is not less solar, but more storage, more flexible demand and stronger grids that can move power from where it is generated to where it is needed.

On Bloomberg This Weekend, Council on Foreign Relations senior fellow Ray Takeyh says renewed Houthi attacks represent a significant setback for the US strategy of stabilizing regional oil flows and may indicate closer coordination between the group and Iran. Takeyh also tells hosts David Gura and Christina Ruffini that economic pressure has failed to force Tehran to change course, as new construction at the deeply buried Pickaxe Mountain complex raises questions about the future of Iran's nuclear program.

President Donald Trump stirred debate during his visit to Dublin by saying he would like to see a united Ireland and that unification is eventually inevitable, departing from the caution US presidents have traditionally shown on the issue. Bloomberg News White House Reporter Jennifer Dlouhy tells hosts David Gura and Christina Ruffini that the remarks drew support from Sinn Féin and criticism from unionists, while UK Prime Minister Andy Burnham has said there is currently no mandate for a referendum.

Saudi Arabia shut its East-West Pipeline as a precaution after multiple attacks, threatening a crucial route for moving crude to the Red Sea while bypassing disruptions in the Strait of Hormuz. Bloomberg Economics' Ziad Daoud says prolonged disruption could tighten global energy supplies further, adding pressure to oil and US diesel prices.

India is seeking to forge consensus among an expanded BRICS membership despite divergent positions on the Iran war, relations with the US and the bloc's role in the global order. Joining David Gura and Christina Ruffini on Bloomberg This Weekend is Bloomberg News Senior Reporter Dan Strumpf who explains that the summit is also highlighting a tentative India-China rapprochement, with President Xi Jinping visiting New Delhi and China Southern Airlines preparing to restore its Guangzhou-New Delhi service after a six-year suspension.