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Bloomberg
Financial

'It's Raining Gold': AI Mints Unexpected Billionaires

The AI boom is creating a new class of billionaires in some unlikely places. Since the rise of ChatGPT in 2022, companies manufacturing overlooked industrial products and obscure hardware have seen their fortunes soar as demand for AI infrastructure takes off. Bloomberg Billionaires reporter Pui Gwen Yeung breaks down how these companies have struck gold.

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Bloomberg
Financial

Wolf: Saudi Pipeline Recovery Not a Quick Fix

Oil dropped as a rally driven by supply disruptions left gains looking overdone, and a US industry report pointed to a rise in stockpiles. The situation in the Middle East remains on an escalatory path, with threats to passage through the Red Sea and Hormuz, alongside pipeline damage in Saudi Arabia. Guy Wolf, Global Head of Market Analytics at Marex spoke to Bloomberg's Abeer Abu Omar on the oil market reaction.

Leia mais: Wolf: Saudi Pipeline Recovery Not a Quick Fix
Bloomberg
Financial

Houthi Conflict Threatens Saudi Arabia's Economy

The US-Iran war has reached crisis point for Saudi Arabia and its de facto leader, Crown Prince Mohammed bin Salman, as the Houthis started firing at the kingdom on a near-daily basis this month. The hostilities had already pushed Saudi oil production to the lowest level in decades and they now threaten to complicate the kingdom's multi-trillion dollar plans to diversify the economy. Bloomberg's Onur Ant reports.

Leia mais: Houthi Conflict Threatens Saudi Arabia's Economy