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Big Tech Is Incapable of Solving Its Own Problem, Says Mukunda

Bill Gates, the billionaire co-founder of Microsoft Corp., published a 6,000-word essay on Aug. 26 saying that he would slow the development of artificial intelligence if he could. He elaborated in an interview with the New York Times, saying "in private, people who understand how good this stuff is, and how much better it's getting, they're very worried" but few are raising the issues in public. The public is already convinced the tech industry can't be trusted with its own creations. Some legal news last week explains why. A bipartisan coalition of 51 attorneys general announced a proposed settlement with Meta Platforms Inc. that obligates the social media company that runs Facebook and Instagram to put tight restrictions on how children use its platforms. Gautam Mukunda, Lecturer at the Yale School of Management and Bloomberg Opinion contributor, joins Bloomberg Intelligence to discuss.

Leia mais: Big Tech Is Incapable of Solving Its Own Problem, Says Mukunda
Bloomberg
Financial

Apple's Ternus Era Begins After Tim Cook Delivers 2,300% Stock Gain

Apple Inc.'s Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented the company as an iconic global brand and turned its stock into one of the most reliable bets. The shares soared 2,258% under Cook, who took over from legendary founder Steve Jobs after the close of trading on Aug. 24, 2011. Cook inherited a company with a market capitalization of less than $350 billion and built the maker of iPhones and Mac computers into a diverse $4.6 trillion business that also sells watches, AirPods, and financial services. For more on what lies ahead for both Ternus and the tech giant, we speak with Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech.

Leia mais: Apple's Ternus Era Begins After Tim Cook Delivers 2,300% Stock Gain
Bloomberg
Financial

Oil Prices Spike as US Retaliates for Attacks by Iran

Oil rose for a second session as fresh hostilities between the US and Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz, where crude carriers were hit by projectiles. Leslie Palti-Guzman, Founder at Energy Vista, discusses the outlook for global energy as conflict in the Middle East continues to disrupt flow.

Leia mais: Oil Prices Spike as US Retaliates for Attacks by Iran
Bloomberg
Financial

Oil Extends Advance as US-Iran Escalation Revives Hormuz Risks

Oil rose for a second session as fresh hostilities between the US and Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz, where crude carriers were hit by projectiles. Leslie Palti-Guzman, Founder at Energy Vista, discusses the outlook for global energy as conflict in the Middle East continues to disrupt flow.

Leia mais: Oil Extends Advance as US-Iran Escalation Revives Hormuz Risks
Bloomberg
Financial

Partners Group CEO Rejects Redemption Concerns

Partners Group CEO David Layton joined Bloomberg Open Interest to push back on concerns that his move to CIO signals trouble at the private-markets giant. He explains why the leadership shake-up isn't tied to redemption pressure, says the firm is gaining fundraising share despite an industry slowdown, and reveals why elevated evergreen-fund redemptions could continue for another 12 to 18 months.

Leia mais: Partners Group CEO Rejects Redemption Concerns
Bloomberg
Financial

Redwire is Growing Strawberries in Space

Redwire CEO Peter Cannito joins Bloomberg Open Interest to break down the next phase of the space economy from orbital data centers and cheaper space manufacturing to the growing US, China space race. He also explains why falling transportation costs, SpaceX partnerships and even space agriculture could create major new commercial opportunities.

Leia mais: Redwire is Growing Strawberries in Space
Bloomberg
Financial

The Coming Shakeout in Private Credit

Achilles Global Management CIO and Founder Sachin Khajuria says private credit is entering a decade-long shakeout as higher rates expose weaker managers and drive a flight to quality. He joins Bloomberg Open Interest to explain why private markets could emerge stronger and warns retail investors moving into private assets to closely examine liquidity, transparency and risk.

Leia mais: The Coming Shakeout in Private Credit
Bloomberg
Financial

Stocks, Bonds Fall as Oil Jump Fuels Fed-Hike Bets

A renewed drop in bonds reduced bets on riskier corners of Wall Street, hitting stocks on worries that elevated oil prices will fuel inflation and force the Federal Reserve to lift rates. Jordan Jackson, Global Market Strategist at JPMorgan Asset Management, discusses the markets and his outlook on inflation.

Leia mais: Stocks, Bonds Fall as Oil Jump Fuels Fed-Hike Bets