xAI/SpaceX Compete for Contract, Warner Bros. Discovery Bids, More
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News when you want it with Bloomberg News Now. I'm Dan Schwartzman. Axios is reporting that Defense Secretary Pete Hegseth is on the verge of cutting business ties with Anthropic and designating the AI company a, quote, supply chain risk, meaning that others wanting to do business with the military would have to cut ties with the company. Anthropix CEO wants to ensure its Claude AI model is not used to spy on Americans en masse or used to fire weapons without humans. The company and the Pentagon have held talks for months on the terms under which the military can use the software, with Claude currently the only AI model available in the military's classified systems. Elon Musk, SpaceX, and XAI are both competing in a Pentagon contest to produce voice-controlled autonomous drone-swarming technology that's, according to people familiar with the matter.
The two companies are among only a handful that were selected to compete in the $100 million prize challenge launched in January. Musk, though, has previously argued against making, quote, new tools for killing people. The contest is expected to progress in phases depending on the success and interest of the participating companies. Ahead of U.S.-Iran nuclear talks starting tomorrow in Switzerland, Israeli Prime Minister Benjamin Netanyahu has proposed terms to President Trump for a de-escalation deal with Iran. Israel says Iran shouldn't possess enriched material or nuclear enrichment capabilities, while also suggesting the U.S. should look to limit Iran's range of ballistic missiles. Talks between the U.S.
and Iran broke down last year after Israel launched a 12-day war with the U.S. bombing Iran's nuclear sites. President Trump has since threatened to strike again if an agreement is not reached. U.S. Secretary of State Marco Rubio says he hopes a deal can be achieved.
It's been very difficult for anyone to do real deals with Iran because we're dealing with radical Shia clerics who are making theological decisions, not geopolitical ones. But let's see what happens. I hope it works out. We all hope it works out.
That's Secretary of State Marco Rubio speaking in Hungary. Meanwhile, President Trump's Board of Peace for Gaza is expected to meet in Washington this week to talk about rebuilding the Palestinian enclave. Trump says members will discuss $5 billion worth of commitments, although some reports estimate construction could cost upwards of $70 billion. Meanwhile, Democrats are demanding reforms for ICE, but Republican Senator Mark Wayne Mullen of Oklahoma says it's all political theater.
ICE and the Border Patrol is funded through the one big beautiful bill up until 2028. And so the only thing they have to shut down is the federal agencies that I named, like FEMA and the Coast Guard and TSA. So they're shutting down thousands of workers for nothing but a talking point.
What are the implications of AI companies competing for military contracts?
That's Republican Senator Mark Wayne Mullen on CNN. There could be a second bidding war for Warner Brothers Discovery, as its board is reportedly weighing Paramount's new offer, which includes a breakup fee if Warner ends its deal with Netflix. Bloomberg's Tony Shushka says Netflix could get the short end of the stick.
One of Paramount's strategies also has been to try to portray itself as a better place to get through the antitrust process, which involves Washington, the Department of Justice, and sort of had to remove the Trump administration, although Trump himself has said that he won't intervene.
Bloomberg's Tony Shushka says Warner Brothers still has concerns about Paramount's offer, but this is the first time the board has considered it could be getting a better deal. Alibaba is set to unveil a major upgrade to its flagship AI model, Quen, which can understand text, photo, and video inputs.
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