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Trump Executive Order makes it easier to include private equity and crypto in 401(k)s #politics
Bloomberg Television· 2025-08-08 17:00
US President Donald Trump has signed an executive order that allows employees to invest in private assets through their 401k retirement plans. What does this move mean for how you should manage your retirement savings. Here's what you need to know.The industry has argued that opening 401ks to private assets would give ordinary retirement savers access to bigger returns and more investment options. To give you some numbers, BlackRock recently estimated that adding private market assets could bump up returns ...
OpenAI launches more powerful GPT-5 model for coding and writing #shorts #openai #chatgpt #gpt5
Bloomberg Television· 2025-08-08 16:34
GBD5 is a significant step forward uh in a few different domains. So you mentioned coding, you mentioned writing uh in health for consumers and and medical professionals and we think that opportunity unlocks uh an amazing set of things in the enterprise that now become possible a mere number of months after we launched it. I think something like 92% of the Fortune 500 uh were actively using Chach or people at 92% of the Fortune 500 were actively using it.And so it was very obvious for us we needed to go bui ...
OpenAI COO Discusses GPT-5 Demand as New Model Launches
Bloomberg Television· 2025-08-08 16:33
This feels so primed for enterprise adoption. Brad When I think of writing, when I think of coding, what is the opportunity that. Yeah, well, good morning.Thanks for having me. GP five is a significant step forward in a few different domains. So you mentioned coding, you mentioned writing in health for consumers and medical professionals, and we think that opportunity unlocks an amazing set of things in the enterprise that now become possible.It's a much more reliable model. So it's better at things like ca ...
Inside the Trump Family’s Money-Making Machine #politics
Bloomberg Television· 2025-08-08 16:00
I want to be clear about what's happening and I want to be clear about what's not happening. What's not happening is Donald J. Trump the president start starting hotels himself because as as he points out his assets are in a trust that are run by his son.What is also not happening is the Trump organization you know getting into uh into deals with you know uh just the Japanese government or I just use that as an example. What they are doing though, because we've seen photos of it and we've seen press release ...
Tesla Disbands Dojo Supercomputer Team, Upending AI Effort
Bloomberg Television· 2025-08-08 15:58
Tesla is disbanding its Dojo supercomputing team with its leader, Peter Bannon, leaving the company. Sources say the company has lost about 20 workers to density and the remaining dojo workers are being reassigned. We're joined by Craig Trudeau, our car czar, but really our Elon expert.Craig, thank you so much for being with us. What does this mean for Tesla's plan to also develop its own chips to then use in driverless cars. Yeah.So this is a matter of of, you know, for Tesla trying to sort of replicate or ...
Saylor Says Bitcoin Is a Better Investment Than Gold
Bloomberg Television· 2025-08-08 15:40
I still think the vast majority of the capital flowing in the space is flowing into Bitcoin. We've gone from about 60 companies capitalizing on Bitcoin to 160 companies just in the past six months. So I'm laser like focused on bitcoin.I think Bitcoin is digital capital. I think it's going to outperform the S&P index over the indefinite future. And I think it's the clear global monetary commodity in the world right now.So it's the lowest risk, highest return, most straightforward strategy if you want to outp ...
Swiss Gold Bars Will Be Subject to Trump Tariffs
Bloomberg Television· 2025-08-08 15:26
And we're going to stick with trade right now, not just what's going on with India, but also what's going on with gold. And specifically, this really points to Switzerland. Gold futures in New York this morning surging to a record high after sources telling us at Bloomberg that Swiss gold bars are unexpectedly facing U.S. tariffs.Bloomberg's Oliver Crook joins us now. Oliver, what's going on. These tariffs going to stick.Yeah. I mean, if the Swiss needed any more bad news, which I don't think they really di ...
Meta Expands Aggressively on Data Centers
Bloomberg Television· 2025-08-08 15:14
Interesting news here. When you think about Medea's physical ambitions. We talk a lot about, of course, the talent war when it comes to meta, but also expanding aggressively when it comes to their datacenter footprint.Yeah, look at me when it comes to these, you know, Hyperscalers, it's not just about having lands or the data right now. It is about having, you know, entire infrastructure. So when I say infrastructure, you need the land, you need power.And that's where, you know, partnering makes a lot more ...
Intel CEO Pushes Back Against Trump's Call to Resign
Bloomberg Television· 2025-08-08 15:02
AND MALLEUS RAISING ITS PRICE TARGET POINTING TO NEW PRICE TARGETS AND INCREASED VALUE. THE INTEL CEO SAYING THAT HE HAS THE FULL SUPPORT OF THE BOARD WITH PRESIDENT TRUMP CALLING FOR HIS RESIGNATION. MANDEEP SINGH JOINS US NOW AND THAT IS WHAT THEY ARE SAYING OUT LOUD BUT "WALL STREET JOURNAL" HAS A REPORT THAT THEY -- THAT HE HAS BEEN UNDER PRESSURE.DO YOU THINK THAT HE CAN KEEP HIS SEAT. MANDEEP: IT IS CLEAR THAT THERE IS A DISAGREEMENT BETWEEN THE BOARD AND HIS STRATEGY. HE WANTS TO KEEP THE FOUNDRY BUS ...
Canadian Wildfires Trigger Air-Quality Alerts in the US
Bloomberg Television· 2025-08-08 14:40
Canadian wildfires have sent smoke into the northeastern US. More than 700 fires are burning across Canada from the Arctic Circle to southern Ontario. Forest-fire smoke has drifted south triggering air-quality alerts in New York City and from Minnesota to Maine. The smoke from large wildfires raises health risks and has been blamed for hastening the melting of Arctic ice, since the soot absorbs more heat. In recent years, the plumes have drifted into US cities, most notably New York and San Francisco, turni ...