Chapter 1: What are the unique advantages of doing business in the UK?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over Ā£10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth.
It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News When You Want It with Bloomberg News Now, I'm Doug Krisner. There is simply no mistaking the disruptive power of artificial intelligence. Today, Anthropic released a new AI model aimed at using PCs in increasingly complicated ways. Claude Sonnet 4.6 can carry out actions that require multiple steps, such as filling out web forms and then coordinating information across several browser tabs.
Now, the equity market remains anxious over the ability of AI to disrupt many businesses. Software stocks in particular have been punished, and in some cases, so has the debt associated with those companies. Today, a handful of software firms released earnings ahead of schedule to show their resilience. Nonetheless, the IGV software ETF was down 2.2% today.
Here is Julie Beal from Kane Anderson Rudnick.
It's very likely that AI is going to disrupt all of us in a pretty meaningful way, but it's not clear to me, and I don't think it makes a lot of sense to be directing a ton of client money based on very unproven facts. Many of the companies that are coming forward and purporting to be disruptors
These are Silicon Valley darlings that, you know, have a great amount of rhythm and they have lots of growth opportunities from them, but they haven't actually demonstrated the hardest thing, which is the distribution and the ability to sell into enterprise. And that is much tougher and takes much more time to figure out.
Julie Beal there from Kane Anderson Rudnick. Now, at the same time, the Fed is trying to assess the impact of AI on the American economy and productivity growth. Here is the head of the San Francisco Fed, Mary Daly.
So what we're looking for is a technology to give us consistently good changes in productivity so that all industries at scale get better. Industries figure out new ways to generate revenue, new ways to do product design, new ideas to come and shape the economy. That's the thing that has a sustained productivity growth part. So it's undeniable productivity growth has gone up.
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Chapter 2: How is AI disrupting the software industry?
And then there's the high end of the AI strategy being the smart glasses with the high-resolution camera, a computer vision camera, all sorts of functionality to really augment without a display your real-world experience using AI.
That is Bloomberg's Mark Gurman. Now, all three devices are being built around the Siri digital assistant. Crude oil prices declined today.
Chapter 3: What new capabilities does Anthropic's AI model offer?
That was after the U.S. and Iran made progress in nuclear talks in Geneva. Tehran's negotiators are scheduled to return with a new proposal in two weeks. Now, that may suggest reduced chances of any imminent military clash. Here is Evelyn Farkas, executive director at the McCain Institute.
i don't think that i would put too much stock in it in the sense that when president trump has two carriers off the coast or you know within striking range of iran it usually means he's going to use force just based on past recent experience a la venezuela so i i think that president trump is pretty
much leaning towards using force the iranians don't want him to lose you know to to use force so of course they've agreed to some kind of framework that is evelyn farkas from the mccain institute today in new york trading wti crude oil was down nearly one percent to 62 33 In New York City, Mayor Zoran Mamdani is proposing to raise the city's property taxes by nearly 10%.
The aim is to help fill a roughly $5 billion budget gap. Mamdani is calling this proposal a last resort. That's if the mayor cannot persuade New York's Governor Kathy Hochul to raise income taxes on the wealthy. Here is Mamdani.
We remain firmly within a budget crisis. It is a crisis that we can and will overcome. But we cannot do so without either significant structural changes in Albany or painful decisions of last resort here at home.
Now, the proposed property tax hike would take effect in the fiscal year that begins July 1st. Reverend Jesse Jackson has died. The prominent U.S. civil rights leader was a protege of Martin Luther King Jr. Jesse Jackson also ran for president twice in the 1980s. Here is Jackson speaking at the 1984 Democratic Convention, the first time he ran.
Leadership can mitigate the misery of our nation. Leadership can part the waters and lead our nation in the direction of the promised land.
Today, Reverend Al Sharpton reflected on Jackson's life.
Now, he was a hard taskmaster. He would always get on me about, why are you on this issue? You need to be more studied on this. But he was one who was more responsible than anyone for teaching me activism.
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