US customs officials are being overwhelmed by countries that are helping China avoid tariffs, White House trade adviser Peter Navarro says. He says the Trump administration is using artificial intelligence to help catch countries that are part of China's transshipment network. He speaks on "Bloomberg Surveillance."
Robert Kaplan, Goldman Sachs Vice Chairman and former Dallas Fed President, says the Federal Reserve was right to not raise interest rates at the meeting in July. He speaks on "Bloomberg Surveillance."
The growth of AI and hyperscalers poses opportunities but also risks, accounting for as much as 30% of net new issuance this year in some indexes if you include Nvidia Corp. which this week attempted to calm credit markets by offering its computing power as a form of securitization. Neil Callanan of Bloomberg News warns that while systemic risk is not imminent, it could materialize if banks become overly exposed to the impact of residual value guarantees or if insurance products linked to them create circular liabilities.
Anthropic is in talks to buy the AI startup Decart, according to people familiar with the matter. Bloomberg Intelligence Senior Analyst Matthew Bloxham explains that Decart's so-called world models could reduce the cost of training AI by making chips more effective and that the deal could provide an important boost to Anthropic's growth.
Bitcoin (CRYPTO:BTC) infrastructure companies are asking AI developers for stronger cybersecurity tools to defend against increasingly sophisticated attacks.
HSBC economist Liz Martins comments on the outlook for Bank of England policy after the economy unexpectedly expanded in June, buoyed by sunny weather and the football World Cup. She speaks on Bloomberg Television.
HSBC economist Liz Martins comments on the outlook for Bank of England policy after the economy unexpectedly expanded in June, buoyed by sunny weather and the football World Cup. She speaks on Bloomberg Television.
Fabiana Fedeli, CIO of multi-asset at M&G Investments, says the level of concentration in Asian equity indices and the S&P is a concern, but that there are "plenty of opportunities" from a broader market perspective. "There are some real outstanding winners that are not actually in AI," Fedeli tells Bloomberg Television. "There's a lot of comfort that you can actually grow from that."
BitGo reported a 19% increase in second-quarter revenue and growth in assets under custody to US$4.3 billion.
As AI adoption accelerates, India could see a sharp increase in power demand from data centers. On the Emerging podcast, Tata Power CEO Praveer Sinha and India Energy & Climate Center's Mohit Bhargava discuss whether India is in for a grid shock.
Copper’s US arm has joined the Financial Industry Regulatory Authority (FINRA) after receiving approval from the US Securities and Exchange Commission to operate as a broker-dealer.
A large holder sold Hyperliquid (CRYPTO:HYPE) tokens, according to blockchain data cited by BitcoinWorld.
