OpenAI is holding back a version of its Astra artificial intelligence model after the software failed to perform as well on safety evaluations as the current iteration. The version known as GPT-6.1 Astra improved with respect to so-called model laziness, which refers to things like failing to complete a task. Bloomberg's Neil Campling reports. (Source: Bloomberg)
Australia's data centre boom is facing headwinds, with local opposition to new developments adding to concerns about the costs and benefits of rapid AI expansion. The debate is being amplified by Prime Minister Anthony Albanese's call for stronger AI safeguards following revelations that an OpenAI model hacked a government website. Co-director of the Centre for AI and Digital Ethics at the University of Melbourne, Jeannie Paterson joins "Bloomberg: The Asia Trade" to discuss the future of Australia's AI ambitions. (Source: Bloomberg)
Google is contesting an attempt by the European Union to make it open up its Android operating system to artificial-intelligence rivals and give search data to competing providers.
Both the US and China see artificial intelligence as the new focal point of their economic rivalry. US President Donald Trump declared on Sept. 13 that “whoever wins AI, wins.” The question is whether the two nations can put aside their disagreements and cooperate in building a safe and sustainable AI environment. For now, neither trusts the other’s motives, and neither wants to slow down.
MSCI Inc. has rolled out a series of artificial intelligence value chain indexes to help investors hedge exposure to the sector more precisely, according to the financial data compiler.
Globe Telecom Inc. is betting the artificial intelligence boom can turn its data-center venture into its next billion-dollar business as fintech arm Mynt Inc. heads for a record Philippine initial public offering.
OpenAI on Tuesday apologized for its AI models breaching Australian government websites and promised to set up a new task force as part of reforms after the incident.
Legal expert Jeannie Paterson says that data security fears over AI could could trigger a governance debate in Australia ahead of a potential Anthropic IPO, sparking renewed awareness over national and cross-border enforcement of anti-hacking regulations. (Source: Bloomberg)
The global AI industry needs to earn $6 trillion in annual revenue by 2031 to justify the capital being deployed to build data centers around the world, Bain & Co. said.
Nothing Technologies Ltd., the consumer electronics startup known for its distinctive designs, introduced a high-end pair of wireless headphones priced at $399, its latest effort to peel market share away from Sony Group Corp., Apple Inc., Bose Corp. and other companies competing in the premium segment.
Nvidia Corp. Chief Executive Officer Jensen Huang, Anthropic PBC head Dario Amodei and Palantir Technologies Inc. CEO Alex Karp are slated to attend a lunch with US President Donald Trump to discuss artificial intelligence risks.
Samsung Electronics Co. and five affiliates are investing a combined $1 billion in a US company led by a former Amazon Web Services Inc. chief, deepening the South Korean group’s push into the rapidly expanding AI infrastructure market.
Four companies are set to begin trading in Hong Kong on Tuesday after raising a combined HK$14.4 billion ($1.8 billion), one of the city’s busiest days for new listings in a blockbuster year.
Australia’s data-center boom is running into growing community resistance, with Goodman Group scrapping plans for a 24-hour facility in suburban Sydney after a backlash from local residents.
OpenAI is holding back a version of its Astra model while it establishes stronger safeguards for artificial intelligence development, flagging heightened risks after a spate of recent rogue AI hacking incidents.
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 Vanguard Fixed Income Client Portfolio Manager Rebecca Venter, First Founder & CEO Libby Leffler, Morningstar Senior Equity Analyst David Swartz, Rockefeller International Chairman Ruchir Sharma, Russell Investments President & CIO Kate El-Hillow, AMD CEO Lisa Su & World Labs CEO Fei-Fei Li, JPMorgan Asset Management Executive Director, Global Market Strategist Jack Manley, Adobe Digital Insights Director Vivek Pandya, & SPG Global Managing Director Simon Gallagher. (Source: Bloomberg)
Kate El-Hillow of Russell Investments said the recent jump in Treasury yields should not be viewed as purely temporary. In response to a question about whether the rise in yields might fade if geopolitical tensions ease, she argued investors should get comfortable with a "higher floor" and "rates for longer." She speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)
Simon Gallagher of SPG Global discussed NBC regaining MLB rights and the league’s growing mix of broadcast and streaming distribution, including Peacock. He said the biggest issue is fragmentation: with roughly 2,500 baseball games, it is hard for viewers to figure out where a specific game is available, since rights are spread across multiple platforms. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
Ruchir Sharma, Chairman at Rockefeller International and Founder and CIO of Breakout Capital, warns that rising Treasury yields could become a danger zone for the AI trade. Sharma’s recent column arguing that a 5% level on the 10-year yield could potentially derail the AI boom, notes that yields are now meaningfully above that threshold and asking what 5.2% implies for the sector. He speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)
Libby Leffler says Nvidia’s new system designed to keep AI agents from “going awry” is a positive step in the right direction. She argued that buybacks “don’t lie” and said the day’s weakness in markets looked more like a macro-driven move tied to oil, Treasury yields and broader AI-news sentiment than a problem with Nvidia’s underlying model. She speaks to Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)
