Chapter 1: What is the main topic discussed in this episode?
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.
Chapter 2: What is the significance of OpenAI's $110 billion funding announcement?
news when you want it with bloomberg news now i'm karen moscow and we begin with some breaking news with open ai saying it has finalized a record-breaking 110 billion dollar funding round at a 730 billion dollar valuation not including the money raised fueling the chat GPT makers' costly push to secure more computing power and talent for AI development.
Chapter 3: How are Amazon and NVIDIA involved in OpenAI's funding round?
Amazon.com is investing $50 billion in the financing round. SoftBank Group and NVIDIA each invested $30 billion. And we get more with Mandeep Singh of Bloomberg Intelligence.
I mean, it's huge when you think about, you know, OpenAI really starting off with Microsoft and now branching into this big partnership with Amazon.
Chapter 4: What challenges is Anthropic facing with the Pentagon regarding AI safeguards?
I think it's really huge in that context. Also, NVIDIA and OpenAI had plans to partner in terms of almost 100 billion. Now that has come down to 30 billion and Amazon is the one who is really stepping up and there is some mention about OpenAI using Trinium chips.
All in all, you see a big ecosystem shift here from the OpenAI original stack, which was Microsoft and NVIDIA, to now really leaning towards Amazon and using Amazon's chips to develop custom models.
And that's Mandeep Singh of Bloomberg Intelligence.
Chapter 5: What are the latest updates on the Producer Price Index (PPI) and inflation?
Sticking with technology, Anthropic is standing its ground when it comes to artificial intelligence, rejecting the Pentagon's latest offer over the use of its AI model ahead of today's deadline to drop its safeguards or risk losing its government contracts. We get more on that story with Bloomberg's Tyler Kendall.
We heard from Anthropic saying that the Pentagon has made, quote, virtually no progress on its demands for safeguards in exchange for the military using its AI tools. Those safeguards Demands include prohibition on the use of its tech for one, mass surveillance of Americans, and two, in fully autonomous weapons.
Chapter 6: What is the current state of U.S.-Iran relations amid heightened tensions?
The thing is, the Pentagon says that it doesn't want to use the technology in these ways, that it will comply with federal law, and that it just doesn't want these predetermined limits.
And that's Bloomberg's Tyler Kendall. Emile Michael, under Secretary of Defense for Research and Engineering, tells Bloomberg he has maintained his openness to continue dialogue through today's deadline, saying it was surprising that anthropic cutoff negotiations. Now to breaking economic news and a look at inflation, with the producer price index coming in hotter than anticipated.
We get more with Bloomberg's Michael McKee.
Chapter 7: How is the U.S. government responding to the situation in Israel?
The PPI for final demand up half a percent, the same as in December. The forecast was for a three tenths rise. Take out food and energy and we're up eight tenths after seven tenths last month. And take out trade to that and you're up three tenths. That one's down just a little bit. Last month, we saw a big rise in trade services and that is not happening this month.
On a year over year basis, headline 2.9. X food and energy is 3.6 and X food and energy trade 3.4.
And that's Bloomberg's Michael McKee.
Chapter 8: What are the implications of Netflix's withdrawal from the Warner Bros. bidding war?
Well, the U.S. has told non-emergency staff at its embassy in Jerusalem that they're allowed to leave Israel, citing heightened safety risks. Tensions between the U.S. and Iran remain high, but the two engaged in talks to avert American strikes on the Islamic Republic. Israel may join in on any attack and be targeted by Iranian retaliation.
The warning follows a third round of nuclear talks in Geneva between U.S. and Iranian officials. The sides agreed to reconvene as soon as next week with technical talks potentially happening on Monday in Vienna. It comes as President Trump has amassed huge military forces in the Middle East. And we get more in the talks with Bloomberg's Laura Davison.
The U.S. and the Iranians left the talks in Geneva sort of striking very different tones. The Iranians came out quite optimistic, saying that there was progress and quite upbeat that these talks would continue and are headed in a positive direction. The U.S., on the other hand, came out kind of deflated.
They seemed disappointed with the lack of progress and did not at all take the optimistic tone that we heard from the Iranians.
And that's Bloomberg's Laura Davison. Pakistan declared, quote, open war with Afghanistan and a major escalation in fighting between the two countries. This is both sides carried out cross-border strikes, reaching as far as the Afghan capital and leaving at least dozens dead.
Former President Bill Clinton is testifying today before members of Congress investigating convicted sex offender Jeffrey Epstein. The closed-door deposition in Chappaqua, New York, will mark the first time a former president has been compelled to testify to Congress. It comes a day after Clinton's wife, former Secretary of State Hillary Clinton, sat with lawmakers for her own deposition.
We get more with Bloomberg Government Capitol Hill reporter Maeve Sheehy.
After the deposition, she basically said that it was a repetitive deposition, that she said she did not know Epstein, and she only knew Julian Maxwell as a casual acquaintance. So she really denied any wrongdoing or any knowledge of his crimes here.
Bloomberg's Maeve Sheehy, Hillary Clinton said that she expected her husband to testify that he had no knowledge of Epstein's sexual abuse at the time they knew each other. The European Commission has asked its anti-fraud watchdog to examine Peter Mandelson's links to Jeffrey Epstein during his time as the EU's trade chief.
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