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NYSE Owner Plans Hyperliquid Perpetuals Market in US

Intercontinental Exchange joined forces with one of the market operators behind offshore crypto-trading platform Hyperliquid as it seeks to bring perpetual futures products into US regulated markets. ICE and Trade.xyz are planning a new market for trading perpetual futures contracts, with its own clearing, know-your-customer and anti-money laundering systems. Jeff Sprecher, Intercontinental Exchange Founder, Chair and CEO, joins Bloomberg Businessweek Daily to discuss the agreement, plus Friday's major tech selloff, the growing demand for perpetual futures trading, and more. Sprecher speaks with Tim Stenovec and Jess Menton. (Source: Bloomberg)

Bloomberg · 19h ago
Need To Rethink How AI Infrastructure Is Powered: FuelCell Energy CEO

FuelCell Energy President and CEO Jason Few discusses public concerns over higher utility bills, water use and fossil-fuel infrastructure. Discussing a proposed project in Newport Township, Pennsylvania, where FuelCell Energy would supply power but is not the developer, Few said communities should have a say and projects should be judged on their actual effects—not rejected simply because they are data centers. He speaks with Romaine Bostick & Kristine Aquino on "The Close." (Source: Bloomberg)

Bloomberg · 20h ago
Illumina CEO on Q3 Results and Business Outlook

Jacob Thaysen says Illumina delivered a strong third quarter, beat expectations and raised its fourth-quarter outlook. He said the company has moved from essentially flat performance to mid-single-digit growth over the past 18 months and remains committed to its high-single-digit growth target for 2027, with clinical business serving as the main growth driver. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Bloomberg · 20h ago
Sam Altman says it’s better for RAM to be in a data center than on your desk

Asked about supply chain shortages, like the ongoing RAM shortage, OpenAI CEO Sam Altman said in an interview that it's "terrible" to have RAM in personal PCs instead of data centers. During his appearance on the Cheeky Pint podcast, where he also commented on AI's impact on math, Altman said: "A lot of people want […]

The Verge · 21h ago
Starbucks wants to use AI to show you a ‘personalized digital menu’ at the drive-thru

Starbucks could eventually show you a personalized digital menu when you pull up to the drive-thru. During an earnings call on Thursday, Starbucks CEO Brian Niccol said the company is going to explore "experiences that recognize participating customers as they arrive, present personalized digital menus, and make payment more effortless," as spotted earlier by More […]

The Verge · Oct 30
Intel Tumbles on PC Outlook, AWS CEO on AI Spending and Growth

Bloomberg’s Ed Ludlow looks at the fall in Intel shares as a bleak outlook exposes the chipmaker's struggle with a deepening PC slump and difficulty meeting CPU demand. Plus, AWS CEO Matt Garman discusses the cloud giant's accelerating growth and massive AI buildout. And, Bitcoin tumbles after hackers siphoned off $6.3 billion from Binance in an attack that rocked the crypto world. (Source: Bloomberg)

Bloomberg · Oct 30
Roblox Sees AI Content Surge as Daily Active Users Fall

Roblox CEO David Baszucki says the platform has seen an explosion of AI-fueled content in the last three months. But the online gaming company is seeing some growing pains after rolling out tougher child-safety measures, with daily active users falling 9% last quarter, while bookings dropped 12%. Baszucki joins Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)

Bloomberg · Oct 30
Rivian’s autonomy gamble faces its first real test

During an hourlong earnings call last night, Rivian CEO RJ Scaringe spent less time talking about the production ramp of the all-important R2 SUV than he did hyping the company's still-unproven autonomous vehicle ambitions. But the company faces a crucial test later this year, when it rolls out its point-to-point hands-free driving feature - first […]

The Verge · Oct 30
Bridgewater CEO Nir Bar Dea on AI Investing, Markets and Leadership | The David Rubenstein Show

Bridgewater Associates CEO Nir Bar Dea sits down with David Rubenstein for a wide-ranging conversation about the US economy, rising national debt, the dollar and explains how he sees AI reshaping the future of investing. He also reflects on his unconventional path to Wall Street; from struggling in school and spending six years in the IDF to becoming Bridgewater's oldest intern and eventually its CEO. He's on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded September 25 in New York. (Source: Bloomberg)

Bloomberg · Oct 29
Experts cast doubt on Anthropic report detailing how AI has altered work at the company

Anthropic claims AI will shift how work gets done and labor demand – but some experts are skeptical of the vision Last year, the Anthropic CEO, Dario Amodei, warned that artificial intelligence could eliminate half of entry-level white-collar jobs and that in six months it would be writing 90% of code . Neither of those predictions came to pass. Now, in a report Anthropic published on Thursday, the company said it was hiring fewer junior technical workers and that human attention has become the new “bottleneck” as it increasingly relies on its Claude AI agents. Continue reading...

The Guardian · Oct 23
Goldman Sachs spends big to give small businesses an AI boost

The Wall Street giant is committing $500 million to expand its 10,000 Small Businesses program and launch an AI institute, partnering with Google, Meta, OpenAI and Anthropic to bring AI know-how to Main Street. NBC's Christine Romans spoke exclusively with Goldman Sachs CEO David Solomon and with small businesses figuring out how to make AI work for them.

NBC News · Oct 22
‘The tech bro fight club is real!’ The titans of AI get the Succession treatment in a wild new TV show

The Audacity is a fearless satire taking on Silicon Valley’s ‘egomaniac weirdos’. Its creator and stars talk ayahuasca ceremonies, mining kids for data – and punching CEOs Showrunner Jonathan Glatzer wanted the tagline of his latest TV creation to be: “We’re so fucked.” He laughs. “Sadly it got rejected by the network. Hey, maybe I can use it for season two!” The show in question is The Audacity, his darkly comic drama about AI tech titans. Instead, it went with the more PG tagline “Move fast and break people” – a twist on “Move fast and break things”, the Facebook motto coined by Mark Zuckerberg. The Audacity promises to do for tech bros what Succession did for legacy media. Considering Glatzer is a former writer on Succession, that is no empty threat. This acerbic and all-too-timely Silicon Valley satire follows CEO Duncan Park (played by Billy Magnussen), the obscenely wealthy founder of a data analytics company. He’s a self-proclaimed “inventor of the future” who also happens to be a morally bankrupt man-baby. “Duncan is worth about half a billion,” says Glatzer. “Naturally, that’s not enough. He desperately wants to be a billionaire and ascend to what we call ‘God Mountain’. But he’s no God.” Continue reading...

The Guardian · Oct 22