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Escalating AI Spend Sends Oracle Plummeting | Bloomberg Businessweek Daily 12/11/2025
Bloomberg Television· 2025-12-11 20:39
>> THIS IS "BLOOMBERG BUSINESSWEEK DAILY," REPORTING FROM THE MAGAZINE THAT HELPS GLOBAL LEADERS TO STAY AHEAD WITH INSIGHT ON THE LEADERS, COMPANIES, AND TRENDS SHAPING TODAY'S COMPLEX ECONOMIES, PLUS GLOBAL BUSINESS, FINANCE, AND TECH NEWS AS IT HAPPENS. "BLOOMBERG BUSINESSWEEK DAILY" WITH CAROL MASSAR AND TIM STENOVEC, LIVE ON BLOOMBERG RADIO, TELEVISION, YOUTUBE, AND BLOOMBERG ORIGINALS. CAROL: THE DAY AFTER THAT FED DECISION, WE ARE STILL TALKING ABOUT IT. GOOD AFTERNOON, EVERYBODY. CAROL MASSAR, TIM S ...
Victor Khosla: “We’re living truly in a K-shaped economy” #shorts #economy #recession #crash #credit
Bloomberg Television· 2025-12-11 20:32
We're living truly in a K-shaped economy and and what is happening in that lower part of the K actually focusing and not figuring out solutions around it is probably one place where there should be a lot more focus. >> Do you think a recession in uh a big piece of the economy. uh parts of it are recessionary.You know, when you have nine months of PMI numbers, producer manufacturing numbers negative in the United States, that tells you manufacturing is recessionary today, last 9 months, right. But but I but ...
Rivian CEO on the next level of autonomous driving #shorts #rivian #autonomousvehicles
Bloomberg Television· 2025-12-11 19:58
what the Gen 3 architecture does with compute levels that are dramatically expanded. So this is just to put some numbers to this at the platform level 1,600 sparse tops. We can process 5 billion pixels per second.Uh we include as you said a beautifully integrated LAR that raises the ceiling to allow us to take the platform to personal level 4. So the first step before we get to personal level four is beyond handsoff pointtooint. maintain those hands off point to point but take your eyes off the off the road ...
Howard Marks worries that AI will affect people’s purpose in life
Bloomberg Television· 2025-12-11 18:18
Job count is not down but job quality is down. And uh and uh I think that this is very worrisome and as I said in the uh addendum when we lost jobs to automation and offshoring. I think that that coincided with the opiate uh epidemic and uh not only in amount but also in location and I think it's a natural consequence of people sitting around all day and um even if we if we can find a a way to replace their income I worry about purposelessness and you know we we get so much job so much from our jobs other t ...
Rivian Bets Big on Autonomy With New AI Chip and Lidar
Bloomberg Television· 2025-12-11 17:38
Rivian's developed its own artificial intelligence chip for its future cars. That gamble might pave the way to fully autonomous driving. A lot of the tech world imagines a future where we don't own cars at all.We're talking about fleets of robo taxis. They're summoned through an app, maybe no steering wheel or driver controls at all. But Rivian's in the camp that does see people owning their own cars in the future and being willing to pay top dollar for a software platform that allows the car to drive itsel ...
Rivian Unveils Plans For Autonomous Driving
Bloomberg Television· 2025-12-11 17:32
RJ Rivian finally has an AI story. I actually would like to stop asking why now. You're ready to talk a bit more about where Rivian feels its A.I. competencies are. Yes.So Rivian launched the first vehicles and end of 2021, and almost immediately following that, we began the process of designing the clean sheet approach to how we were to integrate across the business sets on the autonomy platform, and that's the background level of the vehicle and of course, with the enterprise. And in doing that, we redefi ...
Trump steps up tension with Venezuela and Maduro with seizure of oil tanker
Bloomberg Television· 2025-12-11 17:17
Midterm Elections & Political Landscape - Republicans face increasing danger in the House and Senate, with polling suggesting potential losses in states like Ohio and North Carolina [1][2] - The coalition that brought the president into office in 2024 is now fractured, with Independents leaving, making it difficult to win competitive districts with just the Trump base [5] - Democrats' success in the Miami mayoral race indicates a potential generational shift in Cuban Republican politics and improved voter turnout efforts [9][10][11][12] - Democrats are focusing on affordability and quality of life issues, potentially gaining an edge over Republicans on healthcare and education [13][14] Congressional Agenda & Budget - Congress is expected to pass defense authorization [15] - There are growing voices in the GOP to address healthcare before the end of the year [16] - Another budget fight is anticipated at the end of January, raising the possibility of a government shutdown [19][20] Foreign Policy & Immigration - Immigration support decreased from 49% to 38% [3] - The Trump administration's focus on Venezuela is driven by the desire to topple Maduro and exert influence [6][7][8][9]
Khosla Says 'We're Living Truly in a K-Shaped Economy'
Bloomberg Television· 2025-12-11 17:09
CREDIT FIRM. VICTOR, WHAT YEAR IT HAS BEEN FOR CREDIT. THIS IS AN INDUSTRY THAT HAS BEEN IN FEARS DEFENSE OF ITSELF, BLUE OWL VOCALLY SAYING YOU ARE WRONG, JAMIE DIMON.THINGS ARE NOT WRONG. YOU MAY BE SIDE A LITTLE MORE WITH JAMIE DIMON IN THIS ARGUMENT. VICTOR: WE ARE LIVING IN A WORLD WHERE IT IS TRULY A K-SHAPED WORLD.TECH, DATA CENTERS, FINANCING THEM, BUILDING THEM, GOING OUT WITH THESE VALUATIONS, THAT IS A VERY HOT MARKET. THERE IS A WHOLE OTHER PIECE OF THE INDUSTRY, THE BOTTOM PART OF THE K. WHEN W ...
Howard Marks Worries About What AI Is Doing to Society
Bloomberg Television· 2025-12-11 17:03
Well, I think that the the unproductive bubbles I would describe as financial fads. Portfolio insurance was one, subprime mortgages was another. Just, you know, financial activities that become fashionable, zoom into popularity, get overhyped and then recede.But then there are bubbles which are based on technological progress, starting with the steam engine, the railroad, the radio, the automobile, computers, internet, etc.. And these actually push society ahead and change it irreversibly. But in the proces ...
Disney to Invest $1 Billion in OpenAI, License Characters on Sora
Bloomberg Television· 2025-12-11 16:00
The Disney story for now, because the lawsuit obviously is an allegation and opening. I said they're going to look into those. We don't have many details.But the Disney story for investors has to be the more important one, right. I mean, $1,000,000,000 investment from this iconic from the house of mouse in open air. Is that a vote of confidence that two stories that are very hard to put in the same sentence.So let's focus in more on what's happening with Disney right now, because they say that the first maj ...