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Has Europe Already Lost the AI Arms Race?
Bloomberg Television· 2025-06-20 12:03
The next industrial revolution isn't being powered by coal or oil. This time, the most valuable resource is artificial intelligence. And while Silicon Valley often steals the headlines, Europe certainly isn't out of the race.From London to Leyon, Munich to Milan, a new generation of AI startups is emerging. But the money and the scale is often smaller. Last year, America's AI companies secured more than seven times the funding of their European rivals, and patents related to AI in the US outnumber those fro ...
How Israeli Strikes on Iran Nuclear Sites Could Reshape the Region
Bloomberg Television· 2025-06-20 12:03
Israel has carried out unprecedented strikes on Iran's nuclear facilities and military leadership. Where things go next could reshape the region. For years, people have speculated that Israel could strike Iran's nuclear facilities.But the scope and scale of these attacks, which also killed the head of Iran's Islamic Revolutionary Guard Corps, shows a broader intent to weaken the regime. Israeli Prime Minister Benjamin Netanyahu said Israel had no choice but to act preemptively, warning Iran was close to dev ...
Prime Minister Benjamin Netanyahu Addresses The People of Iran
Bloomberg Television· 2025-06-20 12:02
the proud people of Iran. We're in the midst of uh one of the greatest military operations in history, operation rising lion. The Islamic regime, which has oppressed you for nearly 50 years, threatens to destroy my country, the state of Israel.The objective of Israel's military operation is to remove this threat, both the nuclear threat and the ballistic missile threat to Israel. And as we achieve our objectives, we're also clearing the path for you to achieve your objective, which is freedom. In the past 2 ...
Air India crash: Official Silence Sparks Frustration
Bloomberg Television· 2025-06-20 12:02
[CC may contain inaccuracies] But talking about what it would take to go up the lineage of the victims families of the India plane crash are criticizing the handling of the accident since the plane came down shortly after takeoff from the western city of Ahmedabad. There has been a distinct information vacuum and little is known about the jet crash investigation. Several days on, there has only been one official briefing and journalists have been blocked from receiving updates.I spoke to agitated Rohit Pate ...
Wall Street looks to rake in the dough with Crumbl cookies
Bloomberg Television· 2025-06-20 12:01
Crumble cookies are seemingly everywhere. Now, Wall Street has put in its own order. After the chain grew from one bakery in Utah in 2017 to over 1,000 stores, Crumble got its first major outside investment in May from a private equity firm as well as a major private credit loan.So, what makes Crumbles Cookies worth the nearly $5 price tag. For customers, it may have something to do with an everchanging menu. Every week, the company's Instagram and Tik Tok blast out a video highlighting the week's flavors, ...
Oil Fluctuates On Trump Two-Week Iran Buffer; SoftBank's AI Bet | Bloomberg Brief 6/20/2025
Bloomberg Television· 2025-06-20 11:55
DANI: IT IS 5:00 A. M. IN NEW YORK CITY.I AM DANI BURGER WITH YOUR "BLOOMBERG BRIEF." GIVING DIPLOMACY A CHANCE. PRESIDENT TRUMP WILL DECIDE WITHIN TWO WEEKS WHETHER TO STRIKE IRAN. A $1 TRILLION PITCH.SOFTBANK'S FOUNDER TEAMS UP FOR AN AI HUB IN ARIZONA. AND TESLA SET TO LAUNCH ROBOTAXIS IN AUSTIN. IT IS THE CONTINUED PUSH AND PULL FOR THIS OIL MARKET.THE U.S. WAS OFF-LINE YESTERDAY, BUT BRENT CRUDE WAS TRADING DAY THAT IS WHAT YOU ARE SEEING, WITH REPORTS ORIGINALLY YESTERDAY THAT ALL MAKERS ARE READYING ...
Trump Painted The Federal Reserve Into a Corner: Sen. Warren
Bloomberg Television· 2025-06-20 11:27
On this Fed day, no change in interest rates. The Fed just announcing a moment ago it's leaving its benchmark rate unchanged. And not a huge surprise if you've been with us here on Bloomberg, I'm glad to say.We're joined now by Senator Elizabeth Warren, the Democrat from Massachusetts, with us live from Capitol Hill. And it's great to see you, Senator. Welcome back to Bloomberg.You've been calling for cuts here on Bloomberg for months, much like President Trump has. In fact, just today, he called on Jay Pow ...
What if #Iran closes the Strait of #Hormuz?
Bloomberg Television· 2025-06-20 09:19
The straight of Hormuz is a narrow stretch of water that links the Persian Gulf to the rest of the world. About a fifth of the world's oil flows through it. That's the world's produced oil, the world's consumed oil.It has to go through that waterway. It's largely unavoidable. And so any kind of material disruption would be a big issue.Iran has always said that it could close the straits if threatened, if the situation demanded it. It would be very difficult for Iran to do that and certainly very difficult f ...
Police raid #shipping containers to tackle #UK's car #theft crisis #Shorts
Bloomberg Television· 2025-06-20 09:17
This container is full of stolen cars. Here behind me, as you can see, is a Lexus that's just been pulled out. There was strapped to the ceiling of this container.This was uh destined for Africa about to be shipped from Felix Poor before being seized by police. Almost 130,000 vehicles were stolen last year in the UK, costing insurers £640 million. Many of them are ending up overseas.The DRC is the most popular destination according to police data, accounting for nearly 40% of the cars intercepted at the por ...
#OpenAI COO on appetite for #AI in #Europe
Bloomberg Television· 2025-06-20 09:09
How would you characterize the competitive gap when it comes to AI between Europe and China and the US. Uh I you know I I don't think it's is as significant as people as people feel. Um like I said we we really do feel just an incredible amount of enthusiasm and excitement from Europe.It's why we're here. Uh and I don't expect that to abate at any point. So you know in some sense these things are kind of self-deterministic, right.It's it's it's the appetite that businesses have to want to drive transformati ...