DeepSeek released an update of its AI model this weekend that it says is faster and leaner, ramping up the Chinese company’s challenge to Silicon Valley rivals Anthropic PBC and OpenAI as well as domestic competitors like Moonshot Kimi and Z.ai

Ritholtz Wealth Management Chairman and Chief Investment Officer Barry Ritholtz tells Bloomberg This Weekend that AI remains a transformational technology, but investors face a difficult task determining which companies will ultimately emerge as winners and losers. Speaking with hosts David Gura and Christina Ruffini, Ritholtz discusses CoreWeave’s selloff, concerns about AI financing and valuations, and the challenges facing Tesla as competition in electric vehicles intensifies. (Source: […]

Restrictions on Ukraine’s military use of SpaceX’s Starlink system appear to be deliberate and not the result of any technical problems, President Volodymyr Zelenskyy said, while denouncing a US decision to waive sanctions against Russia.

Factories built to supply America’s electric-vehicle boom are getting a second life making batteries for the power grid. As EV demand weakens and electricity demand from data centers and new factories strengthens, battery makers are shifting toward stationary storage, but the new market still relies on federal incentives and a supply chain that remains partly dependent on China. The shift is visible at TransGrid’s Atlas projects in Arizona, where the contractor Qcells is using LG Energy […]

History is littered with ideas that have been tossed aside, only for them to gain relevance at some later date. Think of Moby-Dick: forgotten in Melville's time, but now regarded as the great American novel. Or the work of economist Hyman Minsky, which became influential a decade after his death, when the 2008 financial crisis made “the Minsky Moment” a mainstream term. These are just a couple of the things we talk about with the legendary musician David Byrne on today's podcast. Byrne's […]

The OpenAI software engineer charged with using a hidden recording device in one of the company’s offices asked to be freed from custody and denied his purchase of a one-way plane ticket to his native Saudi Arabia was part of a plan to flee US justice.

This week, global and business leaders gathered in New Delhi for the Bloomberg New Economy Forum to discuss how the world is redrawing supply chains and investment plans in the face of geopolitical risks. And, in her new book former Canadian deputy prime minister Chrystia Freeland and Former Treasury Secretary Yellen say that the US needs stronger economic ties with its allies. Plus, can storage technologies rescue battery factories built in the hopes of stronger EV adoption? Later, as […]

Anthropic PBC has presented its own draft bill to US lawmakers with a plan for regulating artificial intelligence safety and security, in a moment of heightened concern about the potential risks of the rapidly advancing technology.