Bloomberg News and Videos — Page 943

Fifth Third CEO Tim Spence says AI isn't hype. In fact, it's already writing 40% of his bank's code and helping double the company's size with fewer employees. He's seeing meaningful, long-term productivity gains and a faster path to growth. And he says the next phase is even bigger: AI that doesn't just support customers, but actually executes financial tasks on their behalf. Tim Spence joined Bloomberg Open Interest to talk about the AI revolution in banking.

The International Energy Agency will release 400 million barrels of oil from reserves as governments try contain energy prices driven higher by the war with Iran. IEA Director Faith Birol made the announcement in Paris.

Uber CEO Dara Khosrowshahi and Zoox CEO Aicha Evans discuss their new partnership to offer Zoox's purpose-built, fully autonomous robotaxis on the Uber app, starting in Las Vegas and expanding to Los Angeles next year. They speak with Ed Ludlow on "Bloomberg Open Interest."

Meta Platforms will deploy  four new generations of its in-house artificial intelligence chips by the end of 2027 as the company turns to custom silicon to help power its rapidly expanding AI workloads. Ed Ludlow reports.

AI anxiety is sweeping through markets, IT spending is racing toward the trillion-dollar mark, and private equity backed tech firms are facing a new valuation reality. Coupa CEO Leagh Turner explains why companies with strong data moats and cloud-native architecture are pulling ahead, how AI is reshaping the workforce and why being private is giving her company the freedom to invest aggressively in this pivotal moment for software.

David Kelly, chief global strategist at JPMorgan Asset Management, sees a "natural bias upwards in the stock market" amid what he calls an artificial flow of liquidity.

Carlyle Group co-Founder and co-Chairman says higher energy prices likely mean the Federal Reserve will not cut interest rates when it meets later this month. He says the energy shock is also not good for markets and he says trying to "jawbone down" energy prices usually doesn't work.

KPMG Chief Economist Diane Swonk says the recent surge in oil and commodities prices make it "harder and harder" to justify a Federal Reserve rate cut on "Bloomberg Open Interest."

Jeff Currie, chief strategy officer at Carlyle Energy Pathways, says the Iran war is already impacting the entire global energy supply chain and it will take months to unwind the damage. He warns "keep the hoarding down." Currie speaks on Bloomberg Surveillance.

Pimco Economist Tiffany Wilding talks about risks to the economy due to the Iran war. She also says headline inflation could accelerate by a percentage point. She speaks on "Bloomberg Surveillance."