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PIMCO Warns of Cracks in Credit

Lotfi Karoui, Multi-Asset Credit Strategist at PIMCO joins Bloomberg Open Interest to talk about the health of credit markets and why cracks are emerging among the weakest borrowers. He explains why a coming wave of AI debt could force investors to become far more selective, and why downside protection and deal structure matter more than betting on the ultimate AI winner.

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Defense Tech Startup Covenant Emerges From Stealth

Covenant, a defense tech startup backed by Andreessen Horowitz, is emerging from stealth after raising over $250 million over three funding rounds. The firm has already signed military contracts across the US and Europe and says it can make cheaper heavy-payload, long-range cruise missiles. Covenant President and Chief Growth Officer Abby Denburg joins Ed Ludlow on "Bloomberg Tech."

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Anthropic Worker Resigns, Warns of AI Risks to Humanity

An AI researcher has resigned from Anthropic and called on other staffers to rethink their work. He raises concerns that the company and its top competitor, OpenAI, are acting irresponsibly in their all-out pursuit of a technology that poses existential risks to humanity. Bloomberg's Mike Shepard joins Ed Ludlow on "Bloomberg Tech."

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An Effective Mediator Is Needed to End Iran War, Mahbubani Says

Kishore Mahbubani says that the Iran war will have negative effects on the US midterms, and he says an "effective mediator" is needed to step up and end the conflict. He speaks with Mishal Husain and George Yeo on September 9 in Singapore at a Bloomberg subscribers-only event.

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