DOJ Asks High Court to Curb Ballots, OpenAI Astra Has Guardrails, More
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What is the DOJ request to the Supreme Court about mail‑in ballots?
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Or wherever you get your podcasts. News when you want it. With Bloomberg News Now, I'm Amy Morris. The Trump administration has asked the U.S.
How is OpenAI addressing safety and guardrails with the new Astra model?
Supreme Court to let the Postal Service enforce new rules for mail-in ballots ahead of the November midterm elections. A move that some states have warned would wreak havoc as they prepare to send ballots to voters in the coming days. The Justice Department filed the emergency request to lift a Boston Federal Judge's order that's blocking the Postal Service from mandating changes to how it handles election mail for the midterms.
Obviously this model took us a little longer to release than we were hoping. I think it'll be worth the wait. But we really wanted to spend the time on the safety and security alignment of this model. And I think as people understand the power and impact and capabilities, they will be they will be happy that we did.
OpenAI CEO Sam Altman on Bloomberg TV. NVIDIA has agreed to acquire artificial intelligence startup Hugging Face in a deal worth about $13 billion. Bloomberg Tech host Ed Ludlow says NVIDIA agreed to keep Hugging Face's platform open and consistent with its existing practices.
The specifics are that, you know, NVIDIA and Jensen Wong are committing to uh Hugging Face, continuing to be Hugging Face, to be completely open. And there's even a part within the agreement that Gensam Wang stressed in all of his communications that if you are a user of Hugging Face, you can use any model, any cloud, any inference provider.
Why did NVIDIA decide to acquire Hugging Face and promise to keep it open‑source?
It does not have to be based on NVIDIA compute.
Bloomberg's Ed Ludlow, Hugging Face co founder Thomas Wolf tells Bloomberg they looked at their strategy for the future and then approached NVIDIA.
On the one hand, open source was having a huge moment. And also when we were attacked, you remember earlier this summer, we realized that open source was actually critical for safety and critical for many aspects. And we thought, okay, we have a few choice here, either we we raise more money and we we double down, or we find someone who who share our value, share our mission very deeply and and we partner with them.
Hugging face co-founder Thomas Wolfe on Bloomberg TV, NVIDIA shares now about two percent higher in regular trading. Fed Governor Christopher Waller says his next decision on interest rates will be heavily influenced by next week's inflation data, and it might not take much for him to support a rate hike at the central bank's next meeting. Bloomberg's Michael McKee.
The the economy hasn't changed a whole lot, but uh this is the second in so many days uh Fed official to say that if we get a bad inflation number they're gonna vote for higher rates. Michael uh Michael Barr yesterday and now today, Chris Waller.
Bloomberg's Michael McKee. After Waller's remarks, rates traders are no longer pricing in a definite rate hike in the next two meetings, although they still regard it as more likely than not.
What impact will Fed Governor Christopher Waller’s comments have on interest‑rate expectations?
That did move stocks higher. We bring in the closing numbers each day here at Bloomberg. The SP gained eighty one points, that's more than one percent higher, and it's sitting at a new high. NASDAQ gained 366 points, that's nearly one and a half percent higher, and the Dow jumped six. The ten-year Treasury yield at 4.77%, the two-year yield at 4.33%, and the 30-year Treasury yield at 5.25%. The U.S. and Iran have intensified tit-for-tat military strikes, Iran hitting merchant vessels, and the U.S. striking Islamic Revolutionary Guard Corps sites. Retired Lieutenant General Karen Gibson says the economic strength. Hold on Iran might not be enough.
While some additional sanctions have been imposed, if China is the purchaser of some 80% of Iranian goods and we're not going after China, then we're really just nibbling around the edges of that remaining 20%.
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Chapters
6 chapters
1
What is the DOJ request to the Supreme Court about mail‑in ballots?
0:00–0:36
2
How is OpenAI addressing safety and guardrails with the new Astra model?
0:36–2:21
3
Why did NVIDIA decide to acquire Hugging Face and promise to keep it open‑source?
2:21–3:40
4
What impact will Fed Governor Christopher Waller’s comments have on interest‑rate expectations?
3:40–4:41
5
How are escalating U.S.–Iran tensions influencing oil prices and market moves?
4:41–5:30
6
What are the major news highlights, including the death of Gloria Steinem?
5:30–6:23
Speakers
8 identifiedMore from Bloomberg News Now
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