Shehzad Qazi, COO of China Beige Book, said that expectations should be low for the upcoming meeting between President Trump and Chinese President Xi in September. Qazi said that the continued meetings between the two leaders acts as a way to continue the trade truce between the US and China and for China to try and 'run out the clock' on Trump's presidential term.
Raghu Yarlagadda, CEO FalconX, joins Scarlet Fu and Dushyant Shahrawat on "Bloomberg Crypto." Digital assets brokerage firm FalconX has cut 10% of staff globally, as it prepares for a prolonged downturn in cryptocurrency markets, according to people familiar with the matter. FalconX has facilitated about $2.5 trillion in trading volume.
Democrat candidate for Governor in Texas Gina Hinojosa said that Texas voters are concerned with the impact of the data center 'gold rush' that has descended on the rural part of the state and that incumbent Governor Greg Abbott has left Texans with 'no real protections.' Hinojosa also discussed immigration policy in the state and said that Texans across both parties want 'something that makes sense' and doesn't target hardworking, law-abiding Texans.
The speed of AI development means investors trying to stay ahead of the curve, need to move faster than ever. For venture firm GV, this means focusing on the application layer, having already made strategic bets on AI infrastructure and chip startups. Dave Munichiello, managing partner at GV, discusses GV's early investment in Modular and its acquisition by Qualcomm, and why the firm is encouraging investors to spend more time in Silicon Valley. He joins Ed Ludlow on "Bloomberg Tech."
After AI models from OpenAI, Anthropic and others broke out of controlled tests and accessed real-world systems, new questions were raised about how they should be assessed before deployment. Those evaluations were run with Irregular, a startup hired to stress-test advanced AI models. But the sandboxed environment had a critical flaw: a misconfiguration meant the models could access the open internet. Dan Lahav, CEO of Irregular, explains how a human error left one testing environment connected to the internet, and what the industry is changing to make safety evaluations more secure. He joins Ed Ludlow on "Bloomberg Tech."
OpenAI is releasing ChatGPT for Teens, a version of its AI chatbot aimed at children aged 13 to 17 that the company says encourages safe usage and deeper learning. The model includes features such as Study Mode, quiet hours, and reminders to take a break. Lauren Jonas, OpenAI's head of youth and families, joins Ed Ludlow on "Bloomberg Tech."
Anthropic is on track to generate annualized revenue of more than $65 billion based on its current performance, up more than sevenfold from its pace at the end of last year. Bloomberg's Shirin Ghaffary explains what this means as the AI company gets ready to make its Wall Street debut. She joins Ed Ludlow on "Bloomberg Tech."
Jake Sullivan, former US national security advisor in the Biden administration, said that at some point Trump is going to have to 'bite the bullet and do a bad deal' with Iran as the country ramps up its leverage in negotiations with the United States. Sullivan also discussed Israel Prime Minister Benjamin Netanyahu's role in the conflict, saying that Netanyahu had come to past administrations to attempt to convince past presidents to take action against Iran.
Pending sales of previously owned US homes dropped in July to the weakest since the start of the year. Bloomberg Intelligence's Drew Reading has more.
Home Depot Inc.'s results beat estimates in the latest quarter, a sign that spending on improvement projects is holding up despite high borrowing and housing costs. Bloomberg's Lindsay Dutch joins to discuss.
Anthropic PBC is on track to generate annualized revenue of more than $65 billion based on its current performance, according to people familiar with the matter, up more than sevenfold from its pace at the end of last year. Bloomberg's Mandeep Singh joins Bloomberg Intelligence to discuss.
A selloff in chipmakers sent stocks lower, with the market also falling as inflation angst and rising government debt kept bond yields elevated. Longer-dated bonds are at the epicenter of anxiety about everything from inflation to the debt-laden artificial-intelligence boom. Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, discusses the gap between sell-side consensus and buy-side expectations.
