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Bloomberg

Lloyd Blankfein on Private Equity, Trump, and Next Global Reckoning

Lloyd Blankfein, the former chairman and CEO of Goldman Sachs, remains wary of systemic "kindling" despite a banking sector that is currently better capitalized than in previous crises. In an interview with Bloomberg's Francine Lacqua, he weighs the "balancing act" of Donald Trump's policy outcomes against the unpredictability of the global energy supply. Blankfein warns that the long absence of a market reckoning has allowed private equity inventory to accumulate like tinder.

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Bloomberg

Prologis CEO Sees Prolonged AI, Data Center Tailwinds

Prologis CEO Dan Letter joins Bloomberg Businessweek Daily to discuss the state of global logistics and shipping as geopolitics and associated risk impacts the firm's customer base. However, Prologis is optimistic about its data center business. Letter says the company's strong relationship with hyperscalers is ongoing, bolstering "a fortress of a balance sheet" as Prologis continues to secure longer-term power capacity. Letter speaks with Carol Massar and Tim Stenovec.

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Bloomberg

OpenAI Discontinues Support for Sora, Winds Down Disney Deal

OpenAI plans to discontinue its Sora AI video generator six months after the high-profile launch of a standalone app for the service, as the company works to simplify its portfolio of artificial intelligence products. The ChatGPT maker and Walt Disney Co. are also winding down their partnership, which had centered on Sora, OpenAI said Tuesday. Disney had previously agreed to license iconic characters including Mickey Mouse and Cinderella to OpenAI for use on Sora and to take a $1 billion stake in the startup. The deal was entirely in stock warrants rather than a cash licensing fee, Bloomberg has reported. Bloomberg News AI Reporter Rachel Metz joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.

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