AI Bosses Urge Caution, Bonds Climb
AI developers including Anthropic and OpenAI are clashing with the Trump administration over their calls for an industrywide slowdown in AI development. Bloomberg News Senior Editor of Technology & Strategic Industries Mike Shepard explains the increasing tensions. It comes as President Trump continues to clash with Canada’s Mark Carney. Bloomberg News Executive Editor for Canada Derek Decloet breaks down the latest news. Then, Vertical Aerospace CEO Stuart Simpson talks about growing the eclectic aviation industry to become more commercialized. Plus, Bloomberg’s Mike Mckee breaks down why the 10-year yield is breaching 5% and what is means for the FOMC meeting this week. Finally, Bloomberg’s Dani Burger interviews Bank of America CEO Brian Moynihan as shares drop on news that trading revenue will be “relatively flat” in the third quarter compared to last year. All on the latest episode of “Bloomberg Businessweek Daily.
Chapters
00:00:00 Bloomberg Businessweek Daily
00:02:42 Markets: Chip Stocks Fall, Oil Rises
00:04:47 AI Leaders Call for Slower Development
00:05:35 Trump, AI Safety & the Race With China
00:08:32 Microsoft Joins the Push for AI Guardrails
00:10:21 Mark Carney on the U.S.-Canada Trade War
00:13:17 Can the U.S. and Canada Reach a Deal?
00:15:44 Canada’s $1 Trillion Investment Push
00:21:07 The Future of Electric Flying Taxis
00:22:29 Manhattan to JFK by Air Taxi
00:26:45 Vertical Aerospace’s Funding Challenge
00:31:19 Treasury Yields Break Above 5%
00:33:51 What to Expect From the Fed
00:35:03 Bank of England & Bank of Japan Rate Decisions
00:39:50 Bank of America CEO Brian Moynihan
00:43:43 Moynihan on AI Safety & Regulation
00:51:34 How an AI Slowdown Could Impact Wall Street
00:54:08 Moynihan on Rates, Inflation & the Economy
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