>> "BLOOMBERG TECH" IS LIVE FROM THE HEART OF SILICON VALLEY WITH ED LUDLOW FROM SAN FRANCISCO. ED: THIS IS "BLOOMBERG TECH." THE BIGGEST NAMES ARE MAKING THE CASE FOR OPENAI, ARGUING OPEN WEIGHT MODELS ARE KEY TO INNOVATION, COMPETITION, AND EVEN SECURITY. INTEL SHOWING SIGNS OF AN AI DRIVEN COME BACK, FORECASTING STRONGER SALES AS A DATA CENTER BUSINESS ACCELERATES.THEY AMT AND TO REIMBURSE ARE TEAMING UP TO CHALLENGE NVIDIA, PROMISING TO DELIVER THE FASTEST SYSTEMS ON THE MARKET. OUR TOP STORY THIS FRIDA ...

Nvidia, Meta, and Microsoft Tell Washington: Don't Kill Open-Source AIhttps://t.co/DnFWR4YrUV ...

Welcome back. Tech giants like Nvidia, Microsoft Meta signing a new letter today on why open-source models matter. That's in addition to Jensen Wong's post.Let's get to Kate Rooney with details. Hey Kate. >> Hey Carl.That's right. So about two dozen of the biggest names in tech signed this open letter arguing for open-source AI and encouraging competition even if it comes out of China. The group of tech heavy hitters ranged from Microsoft, Nvidia, you can see the names there in it.They back open weight AI m ...

Yeah, this is interesting, especially since AI has become such a sort of central part of our economy and it's developing so fast. There was a really interesting case, I believe it was this week of AI, um, breaking into, uh, an area that like breaking out of a kind of a walled off area. It was supposed to be it.And they did have to use an open weight model. I think they use deep sik to, to contain it. So I do feel like there, there is a growing feeling that they really need to kind of say, yeah, let's check ...

Today, I want to start with a question that lives in the back of most of our minds. This is, how do I prepare for a world that refuses to stop changing. Right now, we're going through a shift unlike anything in human history.Because for most of our history, skills lasted decades. People develop traits either through academics or necessity, they practice them, and eventually retire with them. Generations survived on the same knowledge, but today, these skills expire every two to five years.This means one thi ...

This week, OpenAI disclosed an unprecedented AI security incident, and big tech earnings are here with the emphasis on big AI spending. I'm Ed Ledllo, and this is the rundown. The week's biggest stories on Bloomberg Tech.OpenAI says two of its most advanced AI models escaped their testing environment, got access to the internet, and then hacked hugging faces platforms, all in an effort to get information to ace that test. We spoke to the CEO of Hacker 1 about why it's a big moment for AI. >> We had a model ...

Macroeconomics & Geopolitics - Brent crude oil surged above $100 per barrel, reaching $100 after rising 7%, driven by Middle East conflicts and U.S. strikes on Iran[1][30][35] - U.S. Treasury yields hit yearly highs, with the 2-year yield climbing to 4.37% due to rising inflation and rate hike expectations[1][66][106] - The U.S. implemented new 10.1% tariffs covering nearly 90% of exports across 60 economies under Section 301 targeting forced labor[45][46][143] - Japan's June core CPI accelerated to 1.6% year-on-year growth, while the yen hovered near the 163-164 level against the U.S. dollar, driving expectations for Bank of Japan rate hikes[4][53][55] Technology & Semiconductors - Intel doubled its second-quarter profit estimates and reported a 59% growth in data center revenue, while capital expenditures are projected to exceed 20 billion dollars next year[2][5][124][125] - SpaceX halted commercial Falcon rocket reservations beyond 2028 to focus on the Starship program and its integration with Starlink and space-based AI data centers[41][43] - Technology and semiconductor sectors across Asia experienced downward pressure, with South Korea's Kospi losing over 1.5% and SK Hynix dropping more than 2%[96][103] Corporate & Financial Services - HSBC agreed to sell its life and health insurance business in Singapore to Allianz for 2.1 billion dollars, generating an expected pretax gain of 1.8 billion dollars[28] - Global financial markets experienced increased volatility, impacting equity indexes such as Japan's Nikkei 225 falling over 1% and the S&P 500 seeing its biggest drop in a month[52][122]

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Technology Strategy - Microsoft is replacing OpenAI's image models in PowerPoint and Bing with proprietary AI technology [1] Industry Dynamics - Technology sector prioritizes faster processing speeds, lower operational costs, and higher-quality outputs in AI integration [1]

Alphabet sell off today, it's worse in nearly three years, now spreading across the hyperscalers. With that specific subset of the Mag 7 erasing more than half a trillion dollars in market cap just today as investors reassess how much more AI spending is coming. Now the streets 2027 CapEx estimates for Alphabet now range from 320 billion to nearly 380 billion at JP Morgan, almost as much as the company generated in revenue in all of last year after management signaled another significant increase ahead.>> T ...