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Bloomberg News Now

Huang: OpenAI Funding 'Never a Commitment,' Bitcoin Sinks, More

01 Feb 2026

Transcription

Chapter 1: What are the key advantages of doing business in the UK?

0.031 - 28.165 Unknown

The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £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.

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29.107 - 44.19 Monica Ricks

News when you want it with Bloomberg News Now. I'm Monica Ricks. Nvidia CEO Jensen Huang says the company's proposed $100 billion investment in open AI was never a commitment, but he did say it would be huge while talking to reporters yesterday in Taiwan.

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44.29 - 48.617 Unknown

The work that they do is incredible. They're one of the most consequential companies

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48.597 - 72.85 Monica Ricks

of our time and i really love working with sam the investment plan announced back in september was designed to support new data centers and other ai infrastructure with nvidia's advanced chips to train and deploy its ai models president trump says china is welcome to come in and make a great deal on oil in venezuela trump told reporters this weekend the us is working with india on a deal to buy venezuelan oil

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72.83 - 85.404 Monica Ricks

as opposed to buying it from Iran. The U.S. is set to import the most Venezuelan oil in a year with control of the country's energy supply. Bitcoin's falling again. Bloomberg's Ed Kalecki has details.

85.424 - 107.272 Ed Kalecki

Bitcoin fell sharply on Saturday, tumbling below $80,000 to the lowest level since April 2025 as part of a broader decline for digital assets. The drop came amid thin liquidity and limited buying interest, deepening a drawdown that has erased more than 30% from the world's largest cryptocurrency. Bitcoin fell as much as 10%, while other tokens posted steeper losses.

107.492 - 117.906 Ed Kalecki

According to CoinGecko data, the sell-off knocked about $111 billion off the crypto market's total value in the past 24 hours.

117.953 - 139.472 Monica Ricks

President Trump says he's instructed Homeland Security Secretary Kristi Noem not to intervene in protests unless local authorities request federal help. His social media posts didn't provide many details on how that would affect ICE operations moving forward. But the Trump administration has deployed thousands of forces in several Democratic-led cities where opposition against them is growing.

139.452 - 147.966 Monica Ricks

The Supreme Court has set a date to hear a major piece of the president's effort to reshape immigration policy. Bloomberg's Nathan Hager has more on that from Washington.

Chapter 2: What did Jensen Huang say about OpenAI's funding commitment?

187.154 - 205.434 Monica Ricks

And Taylor Remmitt won a special election for state Senate. That race was in a reliably Republican district President Trump won by 17 points in 2024. If you don't have a real ID starting today, it's going to cost you 45 bucks to get through TSA at airports. Clint Henderson's known as the points guy.

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205.654 - 214.105 Clint Henderson

The government wants those who have not gotten a real ID to either get it or to help pay for this extra screening that they have to do at the airports.

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214.245 - 231.024 Monica Ricks

That new verification system is called Confirm ID. The process can take about 30 minutes, but it doesn't guarantee passengers will make their flight if their identity can't be verified. and a deep freeze in the south could squeeze Florida's citrus industry. Here's Bloomberg's Charlie Pellett.

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231.044 - 251.404 Charlie Pellett

Most of Polk County in central Florida, the state's biggest citrus-producing county, is within the zone expected to face below freezing temperatures. Commodity weather groups Joe Wisnicki wrote in a note, quote, overall this remains a very strong freeze event and is likely to have large impacts on Florida citrus. Charlie Pellett, Bloomberg Radio.

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251.384 - 273.419 Monica Ricks

It's in the 20s right now in Central Florida and in the 30s as far south as Miami. Waymo's looking for a big boost from investors. The Robotaxi company wants to raise about $16 billion in a financing round that would value it at nearly $110 billion. Its parent company, Alphabet, would provide about $13 billion to start, and the rest would come from other firms.

273.819 - 283.352 Monica Ricks

Waymo's previous investment round in 2024 valued the company around $45 billion. We have jobs numbers to watch for in the week ahead. Here's Bloomberg's Karen Moscow.

283.592 - 301.167 Karen Malskow

It all begins Monday with a look at ISM Manufacturing. Its service industry index is out on Wednesday. Thursday, there are interest rate decisions from the Bank of England and European Central Bank, as well as a look at the weekly report on initial jobless claims and earnings from Amazon. The January employment report is out on Friday.

301.207 - 310.035 Karen Malskow

It could show the unemployment rate held at 4.4%, and we'll also get a look at consumer sentiment from the University of Michigan. Karen Malskow, Bloomberg Radio.

311.678 - 333.127 Monica Ricks

And the Grammys air later tonight on CBS, and it could be another big year for Kendrick Lamar. The rapper leads the pack with nine nominations, including Record and Song of the Year. Kendrick's also up against Lady Gaga, Bad Bunny, Justin Bieber, Sabrina Carpenter, and Tyler, the Creator, for Album of the Year. And that's news when you want it with Bloomberg News Now.

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