US, Iran Not Ready to Talk, OpenAI Hack Shows Containment Risks, More
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What is the main topic discussed in this episode?
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News when you want it with Bloomberg News Now. I'm Amy Morris. President Trump has warned Iran that the U.S. will destroy one bridge or power plant each time Iran shoots at a ship in the Strait of Hormuz. Details with Bloomberg's Tyler Kendall.
Giving us a little bit more insight into how the U.S. may be going about its strategy in terms of targeting Iranian infrastructure. And it comes as the U.S. continues to expand the scope of its targets.
The U.S. and Iran have signaled they are just not ready to return to the negotiating table as both sides dig in over the Strait of Hormuz. Oil now off its session highs, but still more than 2 percent higher. WTI topping $86 a barrel and Brent crude topping $93 a barrel. This is a big day for tech. We begin with OpenAI, which said its advanced artificial intelligence models inadvertently hacked Hugging Face in what it calls an unprecedented incident. Hacker One CEO Kara Sprague tells Bloomberg there are lessons to be learned.
On the one hand, we had a model that was breaking out of its guardrails and showing not enough alignment. And then in another one, we had a model that was using its guardrails to prevent the defenders from effectively doing incident response. So it's a very interesting case study of both sides of this.
Hacker 1 CEO Kara Sprague on Bloomberg Tech. The incident raises questions about the ability of advanced AI models to carry out cyber attacks and has prompted fresh calls for curbs on the technology. Advanced micro devices and Anthropic have reportedly signed a deal for tens of billions of dollars worth of AI servers. The Wall Street Journal reports, under the terms of the agreement, Anthropic will purchase up to 2 gigawatts of AMD's latest generation chips, and AMD will invest up to $5 billion in Anthropic as certain deployment milestones are met.
Ed Ludlow. Everyone that's working on AI is compute constrained. And one way that they've tried to combat that is just through a diversity of computing sources. On Anthropic's side, they're very big on TPU with Google, but they rely heavily on NVIDIA, the latest NVIDIA systems, and AMD too.
How are U.S.-Iran tensions escalating over Strait of Hormuz strikes?
And having those different options in part offsets the overall lack in supply.
The deal will help Anthropic meet the surge in demand for its AI tools and strengthen AMD's position against NVIDIA. Apple is preparing to debut new versions of every Mac it sells, including updates to its desktop computers and laptops across this fall and into next year. The new computers will include a refreshed low-end 14-inch MacBook Pro with a new M6 chip, new iMacs, and a high-end 14-inch and 16-inch MacBook with a fresh design and a touchscreen. The timing may be affected by memory chip supply challenges. Wall Street is bracing for the start of the mega-cap earnings season. Losses in giant tech firms weighing on the S&P 500. The AI euphoria that drove stocks to all-time highs a month ago is waning.
Pressure is also building for companies to justify their expenditures. We are waiting to hear from Alphabet, Tesla, IBM, Texas Instruments and ServiceNow after the closing bell. We do check markets for you all day long here at Bloomberg. The S&P 500 is up 0.2%, NASDAQ down 0.1%, and the Dow up 0.4%. The 10-year Treasury yield at 4.64%, the 2-year yield at 4.29%. The Philadelphia Semiconductor Index is up less than 1%, being led by NVIDIA. which has advanced a little more than 3%. President Trump's top trade negotiator, Jameson Greer, has told the Senate that the U.S.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–2:40
2
How are U.S.-Iran tensions escalating over Strait of Hormuz strikes?
2:40–4:47
3
Why do U.S. officials say they’re not ready to return to negotiations with Iran?
4:47–5:17
4
How did oil markets react to the Iran-Strait of Hormuz developments?
5:17–5:58
5
What happened in the OpenAI-Hugging Face hack and why is it unprecedented?
5:58–7:06
6
What lessons did HackerOne’s CEO highlight about AI alignment and incident response?
7:06–7:14
Speakers
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