Bloomberg News and Videos — Page 339

The AI boom is colliding with the limits of the physical world, creating opportunities well beyond chips and data centers, according to Parnassus Investments CIO Todd Ahlsten. He joins Bloomberg to discuss why the historic surge in AI infrastructure spending is entering a riskier phase, where he sees longer-term opportunities, and why traditional software companies including Salesforce, Workday and ServiceNow could face pressure as AI changes the economics of seat-based software. He joins Ed Ludlow on "Bloomberg Tech."

Anthropic is telling prospective investors its second-quarter revenue jumped at least 14-fold versus the same period a year ago, according to documents seen by Bloomberg News. This comes as speculation builds around a potential IPO. Bloomberg's Rachel Metz breaks down the latest financial figures and how they compare with OpenAI's growth. She joins Ed Ludlow on "Bloomberg Tech."

The CEO of Guggenheim Partners and owner of the LA Dodgers flipped the Lakers within a year and has explored other steps to pay down loans from his insurers. Bloomberg's Sridhar Natarajan joins to discuss.

Alphabet is looking to raise about A$5 billion ($3.6 billion) in what would be its debut bond offering in Australia, people familiar with the matter said, as US tech firms binge on debt to fuel AI spending. Bloomberg Tech's Ed Ludlow joins to discuss this as well as the latest from Anthropic.

Wall Street traders sent stocks and bonds wavering in the Monday session as fresh Middle East violence stoked concerns about an escalation of the war that has jolted global markets. Following the S&P 500's longest weekly advance since May, the gauge fluctuated. Chipmakers rallied as Anthropic PBC's revenue surge bolstered bets on the artificial-intelligence trade. Brent crude rose to around $89, leaving traders wary about inflationary pressures that could make the Federal Reserve raise rates. Treasury 30-year yields hit the highest since 2007. Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, explains why Fed policy uncertainty, potential rate hikes and valuation concerns may not be enough to derail the equity rally. She speaks to hosts Tom Keene and Paul Sweeney on Surveillance Radio.

Man Group Chief Market Strategist Kristina Hooper says inflation will persistently stay above the Federal Reserve's target. She speaks on "Bloomberg Open Interest."

Global bond yields have resumed their march higher on Monday, with US rates pushing to pre-global financial crisis highs again. With oil ticking higher on fresh Middle East headlines and the Empire Manufacturing survey coming in hotter than expected, yields have extended their ascent in the US session. The emergence of weaker employment and inflation looked like it might have been enough to keep the long end of the curve at bay, but the balance of risks is shifting back toward higher rates. For more on the broader rate environment, we speak with Steven Major, Global Macro Advisor at Tradition.

Nth Cycle CEO Megan O'Connor joins Bloomberg Open Interest to explain why China's control of more than 85% of critical-mineral refining poses a major US supply-chain risk. She breaks down Washington's push to keep battery materials at home, the government support needed to compete with China, and how Nth Cycle says its technology can bring domestic refining online faster.

Serve Robotics CEO Ali Kashani joins Bloomberg Open Interest to explain why the company is shifting toward DoorDash and Grubhub, how delivery robots could cut last-mile costs and why sidewalk delivery is only the beginning. Kashani says the same AI-powered technology could eventually transform hospitals, logistics and everyday robotics.

On this episode of Stock Movers: - Shares of Alibaba (BABA) rise after disclosing a deal to sell its gaming arm and touting claims of more than 3 billion downloads for its open AI model. - Shares of DR Horton (DHI) and Macy's (M) are moved higher after Berkshire Hathaway disclosed stakes in the companies in a filing. - Shares of Snap (SNAP) are down in trading Monday. The stock is set to end its win streak over past two sessions.