UIPath, a robotics automation software company, has seen its shares rise close to 40% this year due in large part to the company's large customer base over several industries, spanning from healthcare to the US government. CFO & COO Ashim Gupta joined Carol Massar, Tim Stenovec, and Nina Trentmann on 'Bloomberg businessweek Daily' to discuss AI and automation trends.
Oracle Corp. has pushed back the completion dates for some of the data centers it's developing for the artificial intelligence model developer OpenAI to 2028 from 2027, according to people familiar with the work. The delays are largely due to labor and material shortages, said the people, asking not to be identified discussing private schedules. Oracle has been working to deliver on a $300 billion contract to supply the computing power necessary to train and run OpenAI's models since it was inked this summer. Even with the delays, the timelines for the projects in the US remain ambitious for sites that are set to become some of the largest in the world. Brody Ford discusses his reporting on Oracle's position at the center of the AI book on Bloomberg Businessweek Daily.
As US car prices rise, China is facing the opposite problem. China's market regulator has issued new draft guidelines aimed at stopping automakers from pricing vehicles too cheaply and curbing cutthroat competition. Bloomberg's Auto Reporter Keith Naughton discussed the story on "Bloomberg Markets" with Matt Miller.
President Donald Trump is expected have his administration move to reclassify marijuana as a less dangerous drug, according to people familiar with the matter. This has been good news for pot stocks. Nathan Dean of Bloomberg Intelligence has more.
Five cryptocurrency firms received preliminary approval to perform certain banking functions from the Office of the Comptroller of the Currency. BitGo is one of those companies and is poised to convert its South Dakota trust company into a federally chartered national trust bank. Mike Belshe, Co-Founder and CEO of BitGo discusses what this means for the company's future on "Bloomberg Markets" with Matt Miller.
President Donald Trump says he's willing to help with Ukraine's security if there's a deal to end the war with Russia. "Yeah, we would help," Trump told reporters Thursday in the Oval Office. "We would help with security, because it's, I think, a necessary factor in getting it done." Oliver Crook has the latest.
President Donald Trump signed an order aimed at thwarting state-level regulation of AI through lawsuits and funding cuts, handing a win to tech industry leaders who've pressed for preemption of local rules. David Sacks, White House AI and Crypto Czar, weighs in with Ed Ludlow and Caroline Hyde on "Bloomberg Tech."
Federal Reserve Bank of Chicago President Austan Goolsbee says he just wants to be sure inflation is coming down, not that the Fed can't consider rate cuts for a long time. Goolsbee speaks at the 39th Annual Economic Outlook Symposium at the Federal Reserve Bank of Chicago.
JPMorgan Core Plus Bond ETF Portfolio Manager Priya Misra says it's too soon to say who the winners and losers are yet when it comes to artificial intelligence stocks. That's why she says it's so important to have a diverse portfolio that includes fixed income.
Newedge Wealth CIO Cameron Dawson says it's the ultimate "party on, Garth" type of market environment. Speaking during an interview with Matt Miller on "Bloomberg Open Interest," Dawson also says she expects the Federal Reserve to keep cutting rates in 2026.
Federal Reserve Bank of Cleveland President Beth Hammack said policy at the moment is right around neutral, but she would prefer interest rates to be slightly more restrictive to keep putting pressure on inflation, which is still running too high. Hammack spoke Friday during an event in Cincinnati.
A group of influential Swiss lawmakers proposed watering down the capital demands that the country wants to impose on UBS Group AG, sending shares to a 17-year high as investors bet the initiative will ultimately pave the way for a compromise. UBS had said the original plan could hurt the bank and economy. Bloomberg's Sridhar Natarajan reports.
