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Picking the Right Sneakers with Alexis Ohanian
Bloomberg Originals· 2025-11-14 20:00
Hello from NYC. Today we are interviewing Alexis O'henian. He is the co-founder of Reddit, longtime entrepreneur, venture capitalist.He's married to Serena Williams. He is launching a new women's track and field league. We are on our way up town to meet Alexis.We're going to start our day at a sneaker store. How do you pick out the perfect shoe. I want to know.Let's look for some shoes. >> All right. Hopefully they got size 15.This is a sneaker where you're basically you're showing up to the meeting and you ...
How Simulators Are Shaping the Future of F1
Bloomberg Originals· 2025-11-14 18:01
Simulation Technology in F1 - Simulation is crucial for advancing F1 car development, categorized into real-time driver-in-the-loop and offline simulation [1] - Offline simulation, using virtual models, operates up to 10,000 times faster than real-time, enabling extensive iterations [2] - Careful modeling is essential in offline simulation to prevent creating cars that are undrivable in real life [2] - Lower-cost simulators are becoming more accessible, accelerating technology and benefiting F1 from the ground up [3] Cost and Accessibility of Simulators - Entry-level simulators, including a seat, pedals, and computer, start around $5,000 [4] - Mid-range simulators can range from $10,000 to $20,000, offering good steering representation but typically lack motion [5] - High-end simulators can cost $1 million, and advanced versions range from $12 million to $16 million [5] Impact on Driver Development - Next-generation drivers are growing up with simulator experience, exemplified by F1 drivers like Lando Norris and F1 Academy stars like Abby Pulling [4] - Increased access to improved simulation technology is shaping the development of future F1 drivers [4] Regulatory Context - F1 is preparing for new regulations in 2026 that will significantly alter car design and engineering with hybrid technology [3] - Extensive trial and error through simulation is paramount in adapting to the upcoming 2026 regulations [3]
Exclusive Preview: The Deadly Quest for Gold in South Africa
Bloomberg Originals· 2025-11-14 17:00
Illegal Mining Activities and Risks - Illegal mining involves gold theft, estimated at billions [1] - Illegal miners face significant risks, including potential death [2] - Minors are involved in illegal mining activities [2] - Food scarcity is a major issue for illegal miners, with some resorting to eating insects [2] - The architecture of some illegal mining shafts extends a kilometer deep into the earth [2] Socio-Economic Factors - Illegal mining provides a livelihood for some families [1] - Some individuals turn to illegal mining due to lack of educational opportunities [2] - The loss of a parent can lead individuals to engage in illegal mining [2] Government and Law Enforcement - The South African government is losing billions due to illegal mining [2] - There are calls for the government to shut down illegal mines across the country [2] - Law enforcement is needed to address illegal mining activities [2] - Some police officers should be stationed full-time at the mining sites where illegal mining started [2] Challenges and Conditions - Illegal miners face physically demanding conditions [2] - Miners pray for survival during their work [2] - The journey from the bottom of the mine to the top is difficult and dangerous [2]
The Deadly Quest for Gold in South Africa
Bloomberg Originals· 2025-11-14 14:00
gold >> abanting starings Angazi noma bazoncwatshwa ngeke ilanga Imizimba yabo >> mining and gold the health costri billion activity activity [Ihlombe] [Umculo] Uma che eyami eyenzeke. ...
How Africa Can Transform Into an Industrial Powerhouse
Bloomberg Originals· 2025-11-14 09:00
About 80% of the global population without electricity live on a single continent. Satellite imagery of African cities compared to satellite imagery of Western cities at night, you can see the darkness versus the light. This lack of power matters.Electricity consumption and GDP growth are closely linked. In fact, virtually every wealthy nation on the planet uses power abundantly, and this isn't just about keeping the lights on, it's about economic independence. Electricity is a fundamental right because wit ...
How AI Is Reshaping the Financial Services Industry
Bloomberg Originals· 2025-11-14 01:01
How do you see AI disrupting actually financial services. >> Yeah. So, you know, I I think this is faster than even I thought it was coming.So, there's the obvious efficiencies in back office so that you can drive down the cost of your products, right. AI is going to be important there. Every big financial institution spends a lot of money on reconciliation between systems and reconciling data.AI will help with that. You know, I might want to say, what are tariffs going to do. uh how do they affect US pharm ...
Inside Motorsport Valley’s High-Tech Future | Power Players
Bloomberg Originals· 2025-11-13 23:01
Industry Overview & Innovation - Motorsport Valley, located about two hours outside of London, hosts major operations for seven Formula One teams, employing approximately 40,000 people within a 150-minute radius, showcasing a legacy of engineering excellence dating back to pre-World War II [1] - The F1 industry encompasses a billion-dollar industry of engineering and manufacturing companies, driving innovation in technologies like simulated driving [2] - The implementation of a cost cap, initially at $135 million per team per year and rising to $215 million in 2026, has elevated simulation to a top priority for F1 teams, as it is a cost-effective means of testing and innovation [15] Simulation Technology & Development - Simulation is categorized into physical simulators with drivers and offline simulators with simulated drivers, the latter operating up to 10,000 times faster for extensive iterations [18][19] - Dynisma's simulators offer latency of 3-5 milliseconds, a significant improvement over previous simulators with 20-50 milliseconds latency, enhancing the realism and effectiveness of driver training [54] - The cost of simulators varies widely, from basic setups at $5,000 to advanced F1 team simulators ranging from $12 million to $16 million [40][42] Driver Development & Cost - The cost of progressing through motorsport ranks increases significantly, from $30,000 to $250,000 annually in carting, to $500,000 to $1 million in single-seaters, and $15 million to $3 million in F3 and F2 respectively [28] - Base performance focuses on driver development and training, offering track and car familiarization at a lower cost compared to traditional testing, which can range from £7,000 to £20,000 per day [32][33] - F1 Academy, an all-female series with 18 drivers, provides opportunities and visibility for young female drivers, fostering inclusivity in the sport [36][37] Team Strategy & Investment - Williams Racing aims to reinvent everything for the future, with no carry-over components in the upcoming year, indicating a complete overhaul and forward-thinking investment strategy [63] - Teams are forward investing and thinking conceptually two to three years ahead, necessitating simulation to handle future car development [60][61] - Team IP, including physics and time models, is highly protected and confidential, differentiating teams in the competitive landscape [57][58]
Alexis Ohanian on Quitting Reddit
Bloomberg Originals· 2025-11-13 20:00
A lot was made of the fact that you weren't at the IPO. >> Was it. >> Yes.>> Really. >> Why weren't you there. >> Well, I wasn't invited.I did not expect to be invited, though, given given the fact that I resigned in protest in 2020. Um, you know, that was a very public statement in order to get the company to finally ban some of these communities. I'd already had opposition about communities like watch people die and some of these really violent and racist communities.Yeah. >> So, there is some bad blood o ...
This Is What a Data Center Looks and Sounds Like
Bloomberg Originals· 2025-11-13 17:00
Do I need to get to my >> Yes, always. >> Okay. This is severance.>> Peppa. >> We won't leave you alone in here. >> Okay.After you. >> All that security means we have a huge entourage following our every step into the heart of the data center. >> You use your phone every day. You use your computer.You watch the TV. you call your friends or family. So every time you do these type of actions, you use a data center.When we think about the cloud, we think it's virtual, it's imaginary, but in fact, it's actual c ...
Inside the Horror of South Africa's Deadly Mine Disaster
Bloomberg Originals· 2025-11-13 14:01
Illegal Mining Impact - Illegal mining is considered a criminal activity and a war on the economy [1] - Mining companies are losing revenue due to ongoing illegal mining operations [1] - The government is losing significant revenue as a result of illegal mining [1] Law Enforcement and Security - Over 80 illegal mining suspects were arrested by the defense force [2] - Organized syndicates are exploiting the opportunity and terrorizing communities [2] - Law enforcement agencies aim to eliminate illegal miners [1][2] Illegal Miners Profile - A majority of illegal miners are undocumented foreign nationals [1] - Illegal miners are disrupting the lives of citizens [2]