GTA VI is set to release on November 19th, expected to be one of the biggest entertainment releases in history. The game, created by Rockstar Games, a development studio owned by Take-Two, is expected to generate more than $3 billion dollars in its first four months. Bloomberg's Jason Schreier joins Ed Ludlow on "Bloomberg Tech" with the details of the making of the highly anticipated game.
Europe is emerging as a key battleground for the global robotaxi industry as US and Chinese companies look to expand autonomous driving beyond their home markets. Frank McCleary, a partner at Arthur D. Little, discusses Europe's fragmented but evolving regulatory landscape, why Chinese operators see an opportunity there as the US remains largely closed to them, and whether experience gained deploying autonomous vehicles in China translates to cities overseas. He joins Ed Ludlow on "Bloomberg Tech."
AI cloud startup Modal has raised $750 million at a $15.75 billion post-money valuation as demand surges for the infrastructure needed to build and run AI applications. CEO Erik Bernhardsson discusses the company's more than 3 billion AI sandboxes, growing demand for inference and reinforcement learning, and why increasingly capable agents will need secure virtual environments where they can execute code and eventually take on longer-running tasks. He joins Ed Ludlow on "Bloomberg Tech."
ASML is racing to expand capacity as demand for the advanced chipmaking equipment needed to power the AI boom stretches years into the future. Intesa Sanpaolo analyst Antonella Frongillo discusses why semiconductor equipment makers are already talking with customers about demand into 2029 and 2030, and why she sees further upside for ASML despite uncertainty around its China business and new regulatory restrictions. She joins Ed Ludlow on "Bloomberg Tech."
An OpenAI employee has been arrested and accused of planting a hidden recording device inside an executive conference room at the company's San Francisco offices. Bloomberg's Rachel Metz discusses the FBI investigation, how the inexpensive device was discovered and OpenAI's response. She joins Ed Ludlow on "Bloomberg Tech."
Gil Luria, head of technology research at DA Davidson, says CoreWeave is "destroying value at every turn" if the company is "borrowing at 9% and the best return they can get off of that is a 5% return, it doesn't matter how much they scale."
US mortgage rates continue to rise, pushing down home purchasing activity for a sixth straight week. The MBA's purchase index dropped 4%, marking the sixth straight weekly decline the longest such stretch since July-August 2023. Bloomberg's Jeff Langbaum joins to discuss.
Stocks joined bonds lower as the fastest increase in inflation since April bolstered bets the Federal Reserve will keep lifting interest rates amid elevated energy costs. Kenneth Tropin, Chairman and Founder of Graham Capital Management, discusses the firms quant and discretionary investing strategies.
Shares of Bending Spoons surged as much as 55% after Berkshire Hathaway Inc. agreed to invest an additional $330 million in the Italian technology conglomerate. The investment brings Berkshire's stake in Bending Spoons to 4% and gives Bending Spoons more capital to pursue acquisitions. Bloomberg's Matt Palazola joins to discuss.
Drew McKnight, Co-CEO and managing partner of Fortress Investment Group, joins Dani Burger on "Bloomberg Deals." They speak CAIS Summit in Beverly Hills, California about the immense capital needed for data centers, the performance of private credit investments, and the potential defaults and restructurings due to stresses in the economy.
Santander Executive Chair Ana Botín says jobs will change as AI advances and acknowledges there could be adjustments, but the bank isn't seeing a major impact on employment yet. Botín also discusses the opportunities she sees for AI within Santander. Botin is on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This episode was recorded July 13 in New York.
Santander Executive Chair Ana Botin says Europe has the talent and companies to compete with the US, but needs a level playing field. She says excessive regulation is a "big tax" on European businesses. Botin is on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This episode was recorded July 13 in New York.
