Apple Inc. Chief Executive Officer John Ternus, just weeks into the role, is moving to overhaul the iPhone maker in an effort to accelerate product development, broaden its range of devices and create a leaner organization with a greater focus on engineering.
Former SEC Chair and MIT professor Gary Gensler joins Bloomberg Open Interest to break down how AI could trigger bank stress by shifting deposits, fuel an "AI bubble" retrenchment and expose hidden risks in private equity and credit. He also discusses Anthropic's stark S‑1 warnings and what it really signals for investors and financial stability. (Source: Bloomberg)
Meredith Whitney, CEO of Meredith Whitney Advisory Group, joins Bloomberg Open Interest to break down why the US economy is more fragile than the headlines suggest. We dig into consumer strain, $4 gas pain, AI-fueled wealth concentration, private credit risks, delayed IPOs, and whether AI agents could trigger a bank run. (Source: Bloomberg)
AI shopping tools are quietly steering buyers to big-box retailers 94% of the time. Lightspeed's CEO Dax Dasilva joins Bloomberg Open Interest to explain why small businesses are disappearing from AI results, and how better prompts and new AI tools could help local shops fight back in the next wave of commerce. (Source: Bloomberg)
OpenAI is on track to generate annualized revenue of nearly $70 billion based on its current performance, fueled by strong gains in business and consumer adoption, Axios reported on Tuesday, citing unnamed people familiar with the matter.
A Maryland cybersecurity consultant who allegedly stole nearly $55 million in hacked cryptocurrency and spent some of it on rare Pokemon and Magic: The Gathering cards went on trial in New York.
Edward Yardeni of Yardeni Research says bond yields could keep going higher from here and markets could be seeing a revenge of the so-called bond vigilantes. He says a yen-carry unwind could be driving the global bond selloff. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
The former head of the US Securities and Exchange Commission warned about looming hurdles for artificial intelligence companies, citing competition with Chinese models and the potential for guardrails.
ExodusPoint Capital Management is working with Anthropic PBC to expand the use of artificial intelligence agent Claude across its hedge fund operations.
Dan Ives, partner and senior managing director at Yorkville Ives & Co., examines Anthropic PBC as the company prepares to file its initial public offering and looks at the growing list of concerns surrounding AI. (Source: Bloomberg)
A planned UK data center has proposed relying mainly on gas generators for power while it waits at least a decade for a firm connection to the electricity grid, raising objections from local residents.
The UK needs to “move faster” on data center construction to reach a “sovereign level” of artificial intelligence processing power and infrastructure, AI minister Kanishka Narayan said in an interview.
US President Donald Trump will hold a luncheon Tuesday with the Chief Executive Officers of Nvidia Corp., Anthropic PBC, and Palantir Technologies to discuss artificial intelligence risks. OpenAI President Greg Brockman is also expected to join the event, which Trump is holding with House Speaker Mike Johnson. Neil Campling reports on Bloomberg Television. (Source: Bloomberg)
Five years after El Salvador made Bitcoin legal tender in a bid to reinvent how money moves through the economy, the government is turning to a different crypto technology for the job: dollar-backed stablecoins.
Anthropic PBC warned that its technology poses “catastrophic or existential risks to humanity” and mapped out plans to spend hundreds of billions of dollars in its prospectus as the artificial intelligence company prepared for its initial public offering, Reuters reported.
The social media platform X made nearly 500 accounts from journalists, economists, academics and other public figures inaccessible in Turkey in the past week, according to EngelliWeb, which monitors internet censorship in the country.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV . (Source: Bloomberg)
