Trump calls, interrupts Nvidia CEO to say AI fears are ‘a hoax’
US President Donald Trump makes a surprise call to Nvidia's CEO, interrupting a live event to discuss fears about AI.
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US President Donald Trump makes a surprise call to Nvidia's CEO, interrupting a live event to discuss fears about AI.
Asian stocks were set to decline, tracking a US selloff as concerns about the pace of artificial-intelligence development persisted. Inflation worries briefly pushed the 10-year Treasury yield above 5% for the first time since 2023.
Like many Hong Kong parents, Ms Ng spends her weekend shuttling her eight-year-old son from one tutoring class to another across the city, hoping to strengthen his academic performance. Across Chinese communities worldwide, parents travel the same journey, investing time, money and energy. But as we enter the age of artificial intelligence, we must ask if such striving is still worthwhile. Industry leaders predict that AI will replace swathes of white-collar work in finance, law, accounting and...
The companies had accused Apple of favouring OpenAI’s ChatGPT over rival AI chatbots.
US president says current oversight is adequate and regulations could allow China to win AI competition.
Bank of America chairman and CEO Brian Moynihan said that it is 'encouraging' to hear that AI firms are taking the responsibility of AI safety seriously as leaders raise the alarm about the pace of innovation and potential ramifications. Moynihan, talking to Bloomberg's Dani Burger, said that he expects trading to be ‘relatively flat’ in the third quarter compared to last year. (Source: Bloomberg)
Talk about doomsday scrolling. In the past week, our timelines have been alight with dark predictions of our imminent demise, including the one by a Silicon Valley engineer who puts a number on the chances of artificial intelligence wiping out humanity. Better than 10-percent. Triggering the wave of panic, the recent breach of the machine-learning programmers' site Hugging Face by AI machines who banded together to keep their nefarious deeds secret from their human overlords. Can machines actually destroy the planet on their own? In the age of technology, does problem solving always override safety?
The accused and his associates used AI-generated deep fake videos asking the general public to contact a WhatsApp number for any financial help, police said
For months, AI-obsessed investors have thrown billions of dollars into technology stocks and largely ignored the rest of the stock market. Monday’s rout in the sector following calls by industry leaders to temped the pace of development in the technology was a reminder of the case for diversification.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)
Anthropic CEO urges restricted China access to AI tech, sparking accusations of US technological dominance strategies.
The AI boom that has powered markets and unleashed a flood of investment is showing signs of strain. Calls to slow the development of powerful models fuel doubts over whether the sector's promised profits can justify its staggering costs.
Researchers from China’s leading universities and tech giants are setting their sights on a crucial new front in the AI race with the US: developing systems capable of building better versions of themselves without human intervention. In a joint paper published on Thursday, researchers from ByteDance, Tsinghua University and the Shanghai Artificial Intelligence Laboratory, among others, outlined a five-stage road map for recursive self-improvement (RSI). The study, titled “The Last AI Built by...
US equity futures fall as leaders of the biggest AI firms propose slowing the technology’s development. China criticizing the warnings saying a Chinese advantage could threaten American national security. Oil prices rising after Saudi Arabia closed a major crude pipeline following attacks. Amy Wu Silverman of RBC Capital Markets joins "Bloomberg Brief" to look ahead to the Fed decision after the inflation report. Bloomberg Contributor Adam Hodge of Bully Pulpit International discusses what to expect from the US midterm elections. (Source: Bloomberg)
US President Donald Trump on Sunday slammed critics of artificial intelligence (AI) who warned firms to slow down development, branding them "negative" forces. The comments came soon after OpenAI CEO Sam Altman announced his company will not go public this year, citing safety concerns.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. (Source: Bloomberg)
Amy Wu Silverman, RBC Capital Markets Head of Derivatives Strategy, joins Bloomberg's Anna Edwards on "Bloomberg Brief" to discuss her expectations ahead of the Federal Reserve meeting later this week and shares her reaction to tech leaders calling for a slowdown in AI models. (Source: Bloomberg)
It follows the Anthropic CEO 's calls for a slowdown in AI development, in a way that China doesn't pull ahead.
Investors were already fretting that AI hype had inflated a bubble in stocks.
Equities fell around the world after leaders of the biggest artificial-intelligence firms proposed slowing the technology’s development, while a jump in oil prices sapped risk sentiment further. Tech stocks led declines as traders fretted that efforts to rein in the advance of cutting-edge AI could dent the boom driving hundreds of billions of dollars in capital expenditure. Nasdaq 100 futures sank 1.4%. OpenAI backer SoftBank Group Corp. slid the most in three months in Japan, while South Korea’s Kospi index slumped 3.3%. In Europe, the Stoxx 600 was little changed. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
President Xi Jinping promoted China’s vision for artificial intelligence (AI) at the annual Brics summit, seeking to win support from the Global South amid tech competition with the US. China would spearhead development of an AI Brics “community”, support cooperation in developing large language models and offer training, Xi said on Sunday in New Delhi. The previous day, he invited Brics nations to join the newly formed World AI Cooperation Organisation. Brics countries must “strengthen...
Anthropic’s discovery of an AI-powered election manipulation platform targeting Malaysia offers a glimpse into how the technology can exploit a country’s political vulnerabilities for sophisticated influence operations. The operation’s use of millions of voter records, fake social media accounts, a synthetic news site and fabricated dossiers pointed to a deeper risk, analysts said: weak data safeguards and entrenched ethnic and religious fault lines could allow political actors to target voters...
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Bloomberg's Yvonne Man speaks with Artificial Analysis's Micah Hill-Smith about the AI race, China's role in it, and the growing debate over model safety. (Source: Bloomberg)
AI executives' calls to slow development of the technology are likely to weigh on chipmaker and supply-chain stocks in the near term. Bloomberg's Sunny Bangia and Anthony Stephens break down the news. (Source: Bloomberg)
China’s top intelligence official has warned of rising national security risks posed by artificial intelligence (AI), calling for robust risk prevention frameworks and stronger global governance of the emerging technology. The call from Chen Yixin, China’s state security minister, comes as Beijing seeks to play a leading role in global AI governance while criticising US restrictions. At the Brics summit in India over the weekend, Chinese President Xi Jinping proposed an AI-powered initiative to...