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Why Bessemer Is Betting Big on AI's Next Wave

Moonshot's Kimi K3 has reignited the debate over the future of AI and whether China's open-weight models are closing the gap with OpenAI and Anthropic. Bessemer Venture Partners' Sameer Dholakia joins Bloomberg to discuss why competition is good for AI, where the frontier model makers still have an edge, and why he believes we're only at the beginning of the AI investment cycle. He joins Ed Ludlow on "Bloomberg Tech."

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Bloomberg

Trump Plays Down Prospects for Iran Talks Amid Red Sea Threat

US President Donald Trump minimized the prospect of immediate talks with Iran as the two sides exchanged strikes and Houthi militants in Yemen threatened shipping in the Red Sea. Trump vowed on Tuesday to respond if the Iran-backed group disrupted that waterway, but didn't specify how. His comments came after the 10th day of US and Iranian attacks and as mediators continued efforts to restart negotiations. Oil prices ticked higher amid the threats to key routes for global energy supplies.  Dana Stroul, former deputy assistant secretary of defense for the Middle East in the Biden administration, said Trump's threat to attack a suspected Iranian nuclear site would be a "massive military action" requiring US assets currently not in place. She speaks with Bloomberg's Joe Mathieu and Kailey Leinz on Balance of Power.

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Bloomberg

Private Credit Winners, Losers Emerge

Moody's Ratings has a new report arguing the credit market isn't facing a broad downturn, but a growing divide between winners and losers. Marc Pinto, Global Head of Private Credit at Moody's Ratings, and Danielle Poli, Managing Director and Co-Portfolio Manager of Global Credit at Oaktree Capital Management, discuss the evolving private credit landscape and the outlook for the sector on Bloomberg Open Interest.

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Bloomberg

House GOP Tries to Line Up Support to Fund Government Through December

Today will test whether House Republicans can land a one-two punch on short-term funding priorities this week and clear the decks before their August recess, handing a panoply of difficult considerations to the Senate. GOP leadership has teed up votes today to pass a continuing resolution that would fund the government between Oct. 1 and Dec. 4 in hopes of avoiding a shutdown during the midterms. Brian Gardner, Chief Washington Policy Strategist at Stifel, discusses what's on tap for congress this week, as well as the outlook for both Democrats and Republicans heading into midterms.

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