Former Google CEO Eric Schmidt owns around 1% of Anthropic thanks to his early investment in the startup, setting him up for one of the largest individual windfalls from the company's imminent public market debut. Bloomberg's Natasha Mascarenhas joins Ed Ludlow on "Bloomberg Tech."
Anthropic is in talks with Nscale for a massive new computing deal that could be worth as much as $45 billion. The deal would be for a second facility at Nscale's Monarch data center campus in West Virginia, which would deliver 460 megawatts of computing power using Nvidia's advanced Vera Rubin AI chips. Bloomberg's Bailey Lipschultz joins Ed Ludlow on "Bloomberg Tech."
Netflix has lost about $135 billion in market value this year with its shares down 25%. It's been making changes at the top as it tries to find some new blockbusters. Bloomberg's Felix Gillette has more on what to watch for when the streaming giant reports earnings.
General Motors Co. shares fell as shareholders focused on a narrower profit outlook despite plans for another $20 billion in stock repurchases. The company now sees 2026 adjusted earnings before interest and taxes in a range of $14.5 billion to $15.5 billion, compared with the $14 billion to $16 billion range it projected in July. Bloomberg's Craig Trudell joins to discuss.
The tide is turning on neoclouds, a business segment that's emerged over the past few years to supply the vast amounts of data center computing needed to power artificial intelligence systems. The latest evidence that investors are losing faith: Elice Inc., a South Korean AI computing supplier scarcely known outside its home market until this week, tanked 32% in its debut in Seoul Tuesday. Bloomberg's Mandeep Singh breaks it down on Bloomberg Intelligence.
Ahead of SpaceX's third-quarter results, Mandeep Singh and George Ferguson of Bloomberg Intelligence talk about what to expect. Elon Musk's company has been heavily focused on connectivity, rocket launches and the satellite business. They speak on "Bloomberg Tech."
Treasuries are set to keep falling out of favor as an equity hedge amid a return to a persistently elevated inflation regime. Frances Donald, Chief Economist at RBC, breaks down this elevated inflation regime and what it means for wages, the labor market, and US economy as a whole.
Partners Group is lowering management fees on its $7.4 billion global value fund and seeking shareholder approval for a restructuring while Blue Owl is emphasizing digital infrastructure, continuing to promote its software portfolio and launching retail-focused funds tied to the opportunity. Olivia Fishlow has more on "Bloomberg Open Interest."
CoreWeave stock fell more than 3% in premarket trading Tuesday as concerns over the AI cloud provider's rising borrowing costs and heavy debt continued to weigh on investor sentiment. Tyler Radke, Co-Head US Software Equity Research at Citi, discusses the AI boom and risks to the market as AI debt concerns grow.
Citadel Securities President Jim Esposito discusses the firm's relationship with banks, plans to grow in the fixed income market and his views on prediction markets with Bloomberg's Dani Burger on the sidelines of Citadel's annual Future of Global Markets Conference in New York.
"We're only really getting started in fixed income," Citadel Securities President Jim Esposito says during an interview with Bloomberg's Dani Burger on the sidelines of Citadel's annual Future of Global Markets Conference in New York. Esposito also says the firm is "maniacally" focused on market making.
Jeanne Sun of Citi discusses resilient earnings, AI-driven productivity gains and how investors are navigating market volatility. She says Citi favors US equities while remaining cautious on Treasuries as strong growth and sticky inflation pressure yields.
