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Bloomberg

Scion Group & Ares Management Team Up to Buy $910M in Student Housing

Scion Group CEO Rob Bronstein said that his team is targeting real estate around universities that represent a 'strong return on investment' in terms of tuition, as his company announces a deal with Ares Management to but $910M in student housing properties. Bronstein, joined by Bloomberg's Norah Mulinda, said that his investment is aimed at providing a wide net of locations and price points in the student housing market.

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Bloomberg

China Chips Still Behind US, Nvidia in Performance: Baillie Gifford

Paulina McPadden, investment manager of international concentrated growth strategy at Baillie Gifford, discusses where Nvidia sits in the global chip ecosystem and why US-based AI researchers and companies still have a leg up for the long-term over China, while still seeing a "rich hunting ground" for AI investment outside of the US. She joins Ed Ludlow on "Bloomberg Tech."

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Bloomberg

SoftBank Founder's Starstruck Bet on OpenAI Raises Concern

SoftBank has committed more than $60 billion to OpenAI to date, with founder Masayoshi Son reportedly convinced Sam Altman is leading the most important technology shift of the century. But as rival Anthropic gains ground, questions are growing - even inside SoftBank - about whether the company may be too heavily tied to OpenAI's success. Bloomberg's Peter Elstrom joins Ed Ludlow on "Bloomberg Tech."

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