Tesla Lines Up $30 Billion to Borrow With Spending on the Rise
Tesla Inc. has lined up $30 billion of new loans and credit lines, as the electric-car maker dials up investments in artificial intelligence and robotics.
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Tesla Inc. has lined up $30 billion of new loans and credit lines, as the electric-car maker dials up investments in artificial intelligence and robotics.
US President Donald Trump discussed AI development with dozens of tech bosses at the White House. Ahead of his "superintelligence" luncheon, Trump launched a new AI-powered website for government services vowing not to stifle the technology's growth. He also said he didn't want to work with Chinese President Xi Jinping on AI oversight. Plus, dozens of dogs were rescued from a breeding farm in South Korea as the country prepares for a complete phaseout of the dog meat industry.
US President Donald Trump on Tuesday said the tech executives gathered at the White House to discuss regulating AI had signed a "morally binding" commitment to build adequate safeguards on the fast-moving technology. Speaking with FRANCE 24's Monte Francis, Harrison Rolfes, Senior Research Analyst at PitchBook, says that the push for safeguards "prevents open-source models from taking over the competition as well as new incumbents from coming in with a new frontier model", explaining that the measures "build a moat" around US AI firms.
US President Donald Trump on Tuesday said the tech executives gathered at the White House to discuss regulating AI had signed a "morally binding" commitment to build adequate safeguards on the fast-moving technology. Speaking with FRANCE 24's Monte Francis, Harrison Rolfes, Senior Research Analyst at PitchBook, says that the push for safeguards "prevents open-source models from taking over the competition as well as new incumbents from coming in with a new frontier model", explaining that the measures "build a moat" around US AI firms.
US President Donald Trump said on Tuesday he does not want to work with China on addressing artificial intelligence (AI) risks, arguing that cooperation could undermine America’s lead in the fast-moving technology. “Whoever wins superintelligence wins. You’re gonna have a winner and a loser, and you’re probably not gonna have a second place,” Trump said at the launch event for America.gov, a new AI-powered federal government portal. “We’re leading now over China and everyone else, and I want to...
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Uncertainty hits the IPO pipeline as Oura delays its debut. Anthropic warns of catastrophic AI risks, Goldman weighs John Waldron as its next CEO, and Jefferies asset-management revenue plunges. Plus, Gary Gensler, Gabriela Santos and Meredith Whitney on AI risk, market euphoria and cracks in the US economy. (Source: Bloomberg)
The US president continues to push back on calls to establish guardrails around artificial intelligence, arguing it will stifle growth.
Canada’s largest publicly traded engineering firms are seeking to downplay concerns that artificial intelligence might disrupt their business models, arguing AI will boost demand for their services.
Bain Capital’s Tech Opportunities fund is taking a minority stake in AI enterprise construction platform Kahua in a deal valuing the Georgia-based company at more than $1 billion, according to a statement reviewed by Bloomberg News.
Hong Kong businesses are lagging behind their mainland Chinese peers in adopting artificial intelligence, as entrenched legacy systems and a risk-averse corporate mindset slow the city’s digital transition, according to a senior executive at consultancy Accenture. Only 10 per cent of Hong Kong firms surveyed by Accenture had integrated generative AI across multiple business functions, compared with about 21 per cent of mainland enterprises, said Robert Hah, Hong Kong office lead at Accenture...
Beijing and Washington should first develop a common language around AI risks rather than seek to resolve their broader technology rivalry, a leading Chinese think tank has advised. The call from the China Institutes of Contemporary International Relations (CICIR), affiliated with the Ministry of State Security, comes days after Chinese President Xi Jinping and US President Donald Trump agreed to formalise a new AI dialogue mechanism during their summit in Washington, their second such meeting...
US equity futures and Treasuries struggle for direction ahead of labor market data and a slew of Fedspeak that may offer clues on the rate outlook. Nvidia, Anthropic and Palantir CEOs are slated to attend a lunch with President Trump to discuss AI risks. The US enacts import ban on some Canadian goods. Colin Purdie of Manulife joins "Bloomberg Brief" to discuss market opportunities amid rising yields. (Source: Bloomberg)
The selloff in the US bond market deepened on Monday after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, threatening to prolong the war’s energy shock. 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 Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
¿Se puede apagar una IA que se vuelve demasiado poderosa? EE.UU. estudia exigir mecanismos de emergencia para detener modelos avanzados, pero expertos advierten que un simple interruptor podría no ser suficiente. (Source: Bloomberg)
Hong Kong’s Hospital Authority has rolled out artificial intelligence (AI) and robotic automation at its new support services centre to handle laundry processing and meal production for public hospitals, aiming to boost efficiency and worker safety. The six-storey, 62,000-square-metre centre, which houses the central laundry and food production unit, opened its doors to the press for the first time on Tuesday since beginning operations in March last year. Located in Tung Chung on Lantau Island,...
A 30-year-old man was charged on Tuesday over an AI-generated image of a crocodile at Pandan Reservoir in Singapore that prompted authorities to search for the reptile and suspend water activities there. Ye Lin, a Myanmar national, was handed two charges – one count of communicating a false message and one count of obstructing the course of justice. Speaking through an interpreter, he told the court that he intended to plead guilty, and would not be engaging a lawyer. On August 20, Ye Lin...
The IT revolution has given way to the age of AI, Chandrababu Naidu says, and unnecessary regulations must go while government employees keep training
The 81st United Nations General Assembly ends with AI, Palestine and wars dominating speeches.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
The US and China need to improve communication, work together more closely and more fully embrace technology to stem risks associated with artificial intelligence, the founder of Nvidia said on Monday. “We should recognise that we’re competitors, and competitors are still able to collaborate,” said Jensen Huang, head of the world’s most valuable company, with a market capitalisation of about US$5.5 trillion. “This is such an important and consequential technology. It has the incredible...
Leader of the Catholic Church says AI safety issues should be taken seriously and acted on.
US chip giant Advanced Micro Devices (AMD) has agreed to acquire World Labs, the artificial intelligence start-up founded by renowned Chinese-American computer scientist Li Fei-Fei, for US$8.2 billion in an all-stock deal, as the company steps up its rivalry with Nvidia. The acquisition, expected to close by the end of this year, would integrate World Labs’ research team and spatial-intelligence model expertise into AMD, according to an announcement on Monday. Li, a Stanford University professor...
The AI giant's safety chief said the model 'didn't quite meet the bar' of the firm's security standards.
Pope Leo on Monday said concerns that artificial intelligence could destroy the world are not “fake news” and should be taken seriously, in an apparent rebuke of US President Donald Trump. The first US pope, who has warned of the dangers of AI throughout his 16-month papacy, also directly criticised technology CEOs who argued there should be no guardrails on the technology. “I do think that the concerns raised by many of the experts, specialists in AI, should be taken seriously,” the pontiff...
The US-China AI competition faces a dilemma. Both countries see artificial intelligence as a source of economic, scientific and strategic power, so neither has much incentive to slow down. Yet the more capable and autonomous AI becomes, the more important the question of human control. Last week’s summit between US President Donald Trump and Chinese President Xi Jinping brought that tension into the open. Trump wants to leave AI “exactly where it is” rather than add new guardrails, while Xi...
Australia’s mining stocks are poised to extend their rally, analysts say, as surging copper demand for power infrastructure and artificial intelligence gives investors a new reason to buy the sector.
Matthew Bloxham, Bloomberg Intelligence Senior Media and Tech Analyst, joined Bloomberg's Paul Sweeney and Scarlet Fun to talk about the top tech stories of the day, including Nvidia's new systems and buybacks. Nvidia Corp., the chip developer at the heart of the artificial intelligence boom, increased the size of its share buyback plan by $150 billion, increasing the total remaining amount authorized to $235 billion. Nvidia will complete the buyback through fiscal 2028, the Santa Clara, California-based company said in a statement on Monday. (Source: Bloomberg)
Man Group Plc Chief Market Strategist Kristina Hooper warned that surging long-end Treasury yields threaten to topple the two pillars propping up US economic growth: AI capital expenditures and consumer spending.
Man Group Chief Market Strategist Kristina Hooper warns that surging long-end Treasury yields threaten to topple the two pillars propping up US economic growth: AI capital expenditures and consumer spending. She speaks on "Bloomberg The Open." (Source: Bloomberg)
Can AI replace your financial advisor? LPL Financial’s CEO says no, but it can dramatically change the job. Rich Steinmeier joined Bloomberg Open Interest to explain why trust and empathy remain critical, how AI could automate much of an advisor’s behind-the-scenes workload, and why the technology race is helping drive further consolidation across wealth management. (Source: Bloomberg)