JPMorgan's Dimon Sees Benefits From AI, Warns of Risks
JPMorgan Chase Chairman and CEO Jamie Dimon discusses the benefits and risks of artificial intelligence in the banking industry during an event at the Economic Club of Chicago.
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JPMorgan Chase Chairman and CEO Jamie Dimon discusses the benefits and risks of artificial intelligence in the banking industry during an event at the Economic Club of Chicago.
South Africa's Valterra Platinum is the world's largest miner of platinum group metals by market cap, and Valterra's Mogalakwena facility is the world's largest open-pit platinum mine. The company plans to take its operations in a new direction, tunneling down for higher-grade underground ore with a project called Sandsloot. On Bloomberg Chief Future Officer, Valterra Platinum CFO Sayurie Naidoo tells Jennifer Zabasajja why the underground extension is a perfect fit with the company's "value over volume" strategy.
Platinum group metals (PGMs) are primarily used for catalytic converters in internal combustion engines. So as ICE vehicles are phased out in favor of battery electric vehicles, PGM miners are seeking new markets and applications for their products. On Bloomberg Chief Future Officer, CFO Sayurie Naidoo and CEO Craig Miller tell Jennifer Zabasajja how Valterra Platinum's finance and marketing teams are evaluating investments in new market development.
CoreWeave Chief Executive Officer Mike Intrator said the market is acting "irrationally" and that he remains confident in the AI cloud company's business model. Nick Turner has more on "The Asia Trade."
The National Investment and Infrastructure Fund (NIIF) is likely to draw as much as $3.2 billion in investments for one of its entities and between $700 million to $800 million of that will go to data centers, Chief Executive Officer Sanjiv Aggarwal told Bloomberg's Yvonne Man in an interview on the sidelines of the Bloomberg New Economy Forum in New Delhi.
In a discussion with Bloomberg Government's Jonathan Tamari, Senate Majority PAC President JB Poersch talks about the race to unseat incumbent Senator Susan Collins, a Republican, from Maine. He says Collins has failed to be a "check" on President Donald Trump. They speak at a Bloomberg.com subscriber-only event in Washington, DC on October 14, 2026.
In discussion with Bloomberg Government reporter Jonathan Tamari, Senate Majority PAC president JB Poersch explains why Susan Collins wasn't the check on Trump that the Democrats needed. They speak at a Bloomberg.com subscriber-only event in Washington, DC on October 14, 2026.
Huel CEO James McMaster discusses Danone's roughly $1.2 billion acquisition of the UK-based meal-replacement and protein-shake maker. He says Huel established local manufacturing and warehouses when it entered the U.S. about eight years ago, and has since grown internationally; the company views Danone as the right partner to take it to its next stage. He speaks with Romaine Bostick on "The Close."
Loop Capital is buying $450 million in client assets from Lifeline Capital to expand its wealth management business and serve more athletes and entertainers. Founder, Chairman and CEO Jim Reynolds said the firm encourages athletes to invest in companies and gain ownership rather than rely on short-term endorsement payments. He speaks with Romaine Bostick on "The Close."
At a forum in Beverly Hills, the discussion focused on obstacles to expanding AI data centers, including rising energy costs and weakening public support for construction. Blackstone's Mike Forman said infrastructure supply constraints are worsening, particularly around power: utilities that once could connect projects within six to twelve months may now quote waits of up to seven years, require investments as high as $1 billion, and offer less certainty. The panel of Mike Forman, Jessica Bailey & Brandon Freiman speak to Romaine Bostick at the CAIS Summit Panel.
Janus Henderson CEO Ali Dibadj said the firm is energized by its move to private ownership and is using the flexibility to invest in people, technology including AI, new products and client service. He said quarterly earnings pressures had constrained those investments, despite the firm's growth as a public company. He speaks with Romaine Bostick on "The Close."
Nvidia CEO Jensen Huang said he would halt the supply of chips to a customer that was developing unsafe AI software, though he doesn't believe that the current level of concern about the technology is warranted. AI executives such as Anthropic CEO Dario Amodei have proposed an industrywide slowdown to address the concerns. Meantime, Anthropic held an investor day Wednesday as it advances plans for a potential IPO at an approximately $2 trillion valuation, amid growing concerns about AI safety and threats. We get reaction from Bloomberg Tech host Ed Ludlow & Jacqueline Corbelli, Co-Founder and CEO at Brightline Partners.
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