Robert Peston

OpenAI.

Bloomberg's AI editor Seth Feigman joins us for more.

It's a tough time to be announcing that you're going to be buying cloud from one company while they're going to be investing equity in another.

Just more circular deals, it feels like.

I mean, they only just closed a round that valued them at more than $180 billion.

But what's interesting is Amazon had to make clear that they're still the number one provider of cloud and of training compute to Anthropic.

Everyone seems to be in Anthropic now, but how are we seeing that rival the likes of OpenAI?

And the music has been sounding a little jerky of late.

I mean, certainly in the public sector, people have been worrying about these circularity deals on the actual productivity gains that we might ever get with AI.

Well, we've also got other breaking news today from LLM innovations and improvements, this time coming from Alphabet.

Shares are under pressure, down 2.3%, but they rallied hard yesterday because we know Berkshire Hathaway is getting into Alphabet.

But now we've got Gemini 3, and it seems to actually be

really rather good.

And while we have news of LLMs getting ever more sophisticated, we're able to code.

We're able to vibe code.

And your team has been so busy because vibe coding startup, Lovable, which is actually a European startup, seems to be expanding and maybe even getting a really high valuation too.

$200 million annual recurring revenue.

And according to sources, a $6 billion valuation.

We can have the CEO in a little bit later.

Seth, amazing wrap-up of all things AI.