As the White House brings AI industry leaders together in Washington, Sen. Rand Paul (R-KY) says artificial intelligence will likely require a mix of industry self-regulation and protections for users, but argues Congress is moving too quickly toward new mandates. Sen. Paul also discusses rising government debt and his objections to parts of a bipartisan bill targeting Chinese vehicles and components. He speaks with Joe Mathieu and Kailey Leinz on Bloomberg's "Balance of Power." (Source: Bloomberg)
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
OpenAI has unveiled an always-on artificial intelligent agent that’s designed to proactively tackle work on a user’s behalf, competing with firms like Meta Platforms Inc. in a growing field for AI-powered digital assistants. The product, called Dots, is capable of using a computer and pulling information from various connected applications to conduct research, draft documents and develop software, OpenAI said on Tuesday.
On today's episode:
OpenAI CEO Sam Altman & Ed Ludlow, Host of Bloomberg Tech
Dave Lee, Bloomberg Opinion Columnist
Ann Miletti, Head of Equity Investments at Allspring Global Investments
Ian Rogers, Chief Human Agency Officer at Ledger (Source: Bloomberg)
The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are OpenAI CEO Sam Altman, Bloom Energy CEO KR Sridhar, Alaska Air Group CEO Ben Minicucci, OpenAI CFO Sarah Friar, MongoDB Interim President & CEO Dev Ittycheria, Institute of International Finance CEO Tim Adams, BMO Head of US Commercial Bank Tony Sciarrino, & Brinker International CEO & President Kevin Hochman. (Source: Bloomberg)
Tim Adams, CEO of the Institute of International Finance discusses rising long-term interest rates and government debt sustainability. He says higher inflation has helped keep debt ratios looking stable by masking underlying vulnerabilities, but warns that as benchmark rates rise, interest expenses are set to surge. He speaks to Romaine Bostick on "The Close." (Source: Bloomberg)
Boeing Co. beat Northrop Grumman Corp to produce the Navy’s next Top Gun fighter jet, the stealthy and still classified F/A-XX, the Pentagon announced Tuesday.
President Donald Trump is set to unveil South Korea’s plan to invest some $200 billion in the US, including $54 billion for a long-stalled venture to export natural gas from Alaska that’s been championed by a Republican senator in a tight reelection contest.
The US rejected Iran’s latest proposal for a deal, with both sides believing they have leverage. Bloomberg Opinion columnist Marc Champion examines the standoff and why it remains unclear who has overplayed their hand. (Source: Bloomberg)
New York’s pied-a-terre tax rollout was blocked for a second time by a Staten Island judge who said the city improperly published property information and wrongly required homeowners to apply for exemptions.
OpenAI aims to raise at least $30 billion from investors in a new round of funding, according to people familiar with the matter, after the artificial intelligence startup pushed back its plans for an initial public offering. Bloomberg Tech host Ed Ludlow joins for more. US consumer confidence fell in September to the lowest level since 2014 as views about the economy and the labor market deteriorated. The Conference Board's Erin McLaughlin joins to discuss. Nielsen CFO Jessica Holscott joins Bloomberg's Nina Trentmann for our CFO Briefing. Plus - JPMorgan Chase & Co. earmarked $1 billion of debt capital to funnel into manufacturing in Michigan over the next decade as part of a new initiative aimed at bolstering production in the state. Sri Natarajan, Bloomberg News Chief Wall Street Correspondent, takes a closer look. All on the latest episode of "Bloomberg Businessweek Daily." (Source: Bloomberg)
The US is barring banks from working with Cuba’s nascent private sector and is further restricting travel to the island, as President Donald Trump’s administration presses to end nearly seven decades of one-party rule in the country.
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Bitget CEO Gracy Chen, ICE-OKX Joint Venture Co-Chair Andrew Cuomo, BoFA Globa Head of Digital Assets Platform Sonali Theisen, and SEC Commissioner Hester Peirce. (Source: Bloomberg)
South Africa issued a diplomatic protest against the US ambassador to Pretoria for the second time this year, after he criticized the government in media interviews, News24 reported.
The US Treasury Department sanctioned 46 suspected gang leaders and facilitators tied to Mexico’s powerful Sinaloa Cartel, including the son of the jailed drug lord Ismael “El Mayo” Zambada.
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the AI events at the White House. On today's show, Republican Congressman James Comer of Kentucky, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and WestExec Advisors Principal Laura Galante. (Source: Bloomberg)
The US Supreme Court for now let the Trump administration resume deporting undocumented people to countries other than their own with little if any notice. The court will hear arguments on the issue in December.
Andrew Cuomo, former Governor of New York and co-chair of the ICE-OKX joint venture, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." They discuss the upcoming US midterm elections. (Source: Bloomberg)
Andrew Cuomo, former Governor of New York and co-chair of the ICE-OKX joint venture, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." They discuss the recently failed procedural Senate vote on the Clarity Act. Plus, they talk about the recent crypto hacks, regulation, and the upcoming US midterms.
(Source: Bloomberg)
About 206,000 people, including around 30,000 in Paris, joined protests by public service employees across France Tuesday, Agence France-Presse reported, citing the interior ministry.
