Bloomberg Businessweek

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

  1. 10 घं॰ पहले

    AMD Inks Chip Deal With OpenAI That Triggers Explosive Rally

    Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Advanced Micro Devices Inc. landed a blockbuster deal with OpenAI to build artificial intelligence infrastructure, giving the chipmaker a chance to show it can mount a challenge to Nvidia Corp. in the AI computing industry. AMD shares soared 24% to $203.71 after the agreement was announced Monday, adding $63.4 billion to the company’s market valuation. It’s now worth $330.6 billion, more than Coca-Cola Co., General Electric Co. or Chevron Corp.  OpenAI will deploy 6 gigawatts’ worth of AMD graphics processing units over multiple years, according to the pact, which is just over half the size of an agreement the AI startup recently reached with Nvidia. It also sets the stage for OpenAI to acquire a large stake in the chipmaker. The deal represents a high-stakes test for AMD — one that could deliver tens of billions of dollars in new revenue and burnish its status as a serious contender in AI technology. There are also risks: It further ties AMD’s prosperity to an AI market that some worry is in a bubble. Today’s show features:Bloomberg Tech Co-Host Ed LudlowBloomberg Intelligence Global Head of Technology Research Mandeep SinghRick Welts, CEO of the Dallas Mavericks, and Bloomberg News Texas bureau Chief Julie FineDrive to the Close with Lesley Marks, CIO for Equities, Mackenzie Investments See omnystudio.com/listener for privacy information.

    45 मिनट
  2. 3 दिन पहले

    Hamas Agrees to Release Hostages But Sets Conditions for Peace

    Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Hamas agreed to release all Israeli hostages captured in its Oct. 7 attack but said the rest of President Donald Trump’s 20-point peace plan would be subject to negotiation.The statement was a positive step that still raised questions about whether the promise would be sufficient to end the fighting. It also didn’t address Trump’s demand that the group disarmIn a statement, Hamas said it agreed “to release all Israeli prisoners — both living and deceased — in accordance with the exchange formula outlined in President Trump’s proposal, and contingent upon the necessary field conditions for carrying out the exchange.”Hamas also said the hostages would need to be released “in a manner that ensures the cessation of the war and the full withdrawal from the Gaza Strip,” a caveat that raised questions in Israel about whether the group would go through with the plan. Hamas also said it was ready to transfer administration of the Gaza Strip to “a Palestinian body composed of independent technocrats.”The group also said other parts of Trump’s 20-point plan “require a unified national stance and must be addressed based on relevant international laws and resolutions.”Today's show features: Bloomberg Intelligence Senior Defense Analyst Wayne Sanders on Hamas agreeing to release remaining Israeli hostages Bloomberg TV & Radio International Economics & Policy Correspondent Mike McKee on his conversation with Federal Reserve Governor Stephen Miran Karin Kimbrough, Chief Economist at LinkedIn, on the health of the US labor market Dr. Iman Abuzeid, Co-Founder and CEO of Incredible Health, on building the largest career marketplace for permanent healthcare workers   See omnystudio.com/listener for privacy information.

    31 मिनट
  3. 4 दिन पहले

    The Trump Family is Now Banking with Citi

    Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.After years getting shunned by major banks, Donald Trump’s money has found another place to call home: Citigroup Inc.The president’s son, Eric Trump, signed up as a client of the third-largest US lender and established a trust there that holds some of his father’s money, according to people with direct knowledge of the matter, who asked not to be named discussing the confidential arrangements.The relationship started after Chief Executive Officer Jane Fraser reached out to congratulate President Trump on his election win in November. The new trust is a sensitive topic inside the bank, which weighed how to limit access to information beyond key staff — such as wealth management chief Andy Sieg, who led talks with Eric Trump, and Kent Lucken, a Citigroup banker handling the relationship, some of the people said.The unwillingness of many banks to safeguard Donald Trump’s wealth has irritated the president, who publicly lashed out this year at JPMorgan Chase & Co. and Bank of America Corp., claiming they refused his money. Both firms have said they don’t deny business on ideological grounds.Traditional financial institutions “did everything they could to try and cancel us,” Eric Trump said in a Bloomberg Television interview last month. The president told CNBC he “ended up going to small banks all over the place.” A Citigroup spokesperson declined to comment. There was no response to a request for comment from the Trump Organization, the family’s real estate business where Eric Trump is a top executive.Today's show features: Bloomberg News Banking Reporter Todd Gillespie on Trump’s Wealth, Once Spurned by Banks, Gets New Home at Citi Scott Wisniewski, President of AST SpaceMobile, on the market for cellular broadband in space and competing with Starlink Bloomberg News Managing Editor, Media & Entertainment, Lucas Shaw on the Bloomberg Businessweek cover story profiling Mr. Beast Drive to the Close with Adrianne Yamaki, Founder and Managing Partner of Strategic Wealth Capital See omnystudio.com/listener for privacy information.

    44 मिनट

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Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

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