Skip to main content

United StatesBreaking News

Bloomberg

Bain Capital's Pagliuca on AI, Quantum Computing, Sports Valuations

A clutch of growing industries, including artificial intelligence, are the key focus of investment for Bain Capital LP Senior Adviser Steve Pagliuca. He says AI is entering a 10-to-20-year growth phase as it shifts from theoretical applications to physical deployment across sectors. The Boston Celtics co-owner owner also talks about the rising valuations of professional franchises with Bloomberg's Michelle Davis on the sidelines of the Allen & Co Inc. conference in Sun Valley, Idaho. They spoke on Tuesday.

Read more
Bloomberg

Operations Platform SnowCloud Wants to Run Resorts By iPhone

Joe Hession, CEO and co-founder of SnowCloud, and Doug Pierini, CEO of Jackson Hole Mountain Resort, discussed efforts to move customer relations including sales and guest information on one platform. Pierini, whose resort uses SnowCloud, said that it has enhanced guest experiences now that guests expect to be able to buy anywhere they can use their phone.

Read more
Bloomberg

MidEast Still A 'Highly Uncertain Environment' for Oil, Says Daan Struyven

Daan Struyven, co-head of global commodities research at Goldman Sachs, said that despite a cease fire between the US and Iran and oil tankers moving through the Strait of Hormuz, the risks around oil remain 'very, very significant.' Struyven said that oil import weakness in China is not sustainable and the country will aim to restock their oil supply, as well as turn to other sources of energy in the wake of recent energy supply shock.

Read more