Trump Denies Offering Iran Relief, WSJ: OpenAI Scraps New Model, More
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What is the main topic discussed in this episode?
AI is entering its most consequential phase where scale, safety, and sovereignty will determine who leads and who lags. Join Bloomberg Tech in London on November 2nd and 3rd as global leaders across business, finance and policy examine the defining trade-offs shaping the future of AI. Thank you to our presenting sponsor Salesforce and supporting sponsors IDA Island and Schneider Electric. Learn more at BloombergLive.com slash. Slash Tech London.
News When You Want It with Bloomberg News Now, I'm Doug Krisner.
Why did Trump deny offering Iran sanctions relief, and what could delay a nuclear deal?
President Trump says he is open to sanctions relief for Iran in exchange for progress on the nuclear issue. However, later in the day the president pushed back on that reported notion. Separately, we are told Iranian officials have privately expressed pessimism about reaching a deal to end hostilities and reopen the Strait of Hormuz before the US midterm elections in November. Here is Michael Allen, Managing Director of Beacon Global Strategies.
I think there is something magic about the midterms because I think the Iranians believe and even if they were conditioned to accept th something serious that that would be a gift to President Trump. I think in their minds they're playing a contributing role to the prospect, the possibility, the likelihood that the President might lose the House of Representatives and possibly even the Senate. And they probably are thinking to themselves they don't want to forestall that because they think they have leverage at least through that particular time period.
That is Michael Allen, Managing Director of Beacon Global Strategy, speaking on Bloomberg's balance of power. Now, Iranian officials have consistently said they are willing to pursue diplomacy, but they do not trust the Trump administration to abide by the terms of any agreement. And to be fair, the White House has similar feelings of distrust toward Tehran. Market psychology is being driven by headlines on the war with Iran.
How is the Iran conflict affecting bond yields and expectations for Fed rate hikes?
In the bond market, the yield on the ten year picked up seven basis points, last quoted in New York at five point two three percent. Of course, the bond market has braced for the Fed to keep raising its policy rate. Here is Bloomberg strategist Ira Jersey.
Well the market thinks that inflation is going to come down over time, but of course the market's been thinking that for the better part of a couple of years. Right. And when you look at some inflation measures, right, we're not too, too far from from two percent, but we're still above that two percent target that the Fed talks about. So I think in order to keep credibility, the Federal Reserve is gonna have to follow the market's lead here and hike rates at least a couple of times.
That is Bloomberg Zyra Jersey. Now, the swaps market is currently pricing in at least three more quarter point rate hikes over the course of the next twelve months and the potential for a fourth. Nvidia has introduced a security system intended to stop AI agents from going rogue.
How are Nvidia and OpenAI addressing AI agent safety and model risks?
This would include two open source software security tools. They are designed to run on NVIDIA's hardware and control what what AI agents can access in real time and then, if necessary, shut them down when they break the rules. Maintime Nvidia and Anthropic are co-developing a layered security framework. This is designed to govern and control AI agent behavior in enterprise deployments. We got reaction from Aya Ibrahim, non resident fellow at the Center on Global Energy Policy.
There is no one size fits all to the question of security. So while this is a notable step and I think not surprising given uh NVIDIA CEO's comments over the last couple of weeks about the need for these products to be safe before they're deployed, the fact that the responsibility of the safety of these products rests with those who are designing and deploying the technology.
That was Aya Ibrahim, non-resident fellow at the Center on Global Energy Policy. Separately, OpenAI is reportedly scrapping the release of its next generation AI model over safety concerns. The Wall Street Journal reports the model regressed in areas such as alignment and showed higher levels of deception.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–0:35
2
Why did Trump deny offering Iran sanctions relief, and what could delay a nuclear deal?
0:35–2:03
3
How is the Iran conflict affecting bond yields and expectations for Fed rate hikes?
2:03–2:58
4
How are Nvidia and OpenAI addressing AI agent safety and model risks?
2:58–4:29
5
Why is AMD acquiring World Labs, and how much is Anthropic spending on AI infrastructure?
4:29–6:07
6
Could David Solomon step down as Goldman Sachs CEO?
6:07–6:21
7
What is known about the alleged plot against a UK air base used for Iran strikes?
6:21–7:11
8
Why has the FAA delayed certification of Boeing’s 737 MAX 10?
7:11–8:31
Speakers
8 identifiedMore from Bloomberg News Now
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