AI Bosses Urge Caution, Bonds Climb

AI developers including Anthropic and OpenAI are clashing with the Trump administration over their calls for an industrywide slowdown in AI development. Bloomberg News Senior Editor of Technology & Strategic Industries Mike Shepard explains the increasing tensions. It comes as President Trump continues to clash with Canada's Mark Carney. Bloomberg News Executive Editor for Canada Derek Decloet breaks down the latest news. Then, Vertical Aerospace CEO Stuart Simpson talks about growing the eclectic aviation industry to become more commercialized. Plus, Bloomberg's Mike Mckee breaks down why the 10-year yield is breaching 5% and what is means for the FOMC meeting  this week. Finally, Bloomberg's Dani Burger interviews Bank of America CEO Brian Moynihan as shares drop on news that trading revenue will be "relatively flat" in the third quarter compared to last year. All on the latest episode of "Bloomberg Businessweek Daily. Chapters 00:00:00 Bloomberg Businessweek Daily 00:02:42 Markets: Chip Stocks Fall, Oil Rises 00:04:47 AI Leaders Call for Slower Development 00:05:35 Trump, AI Safety & the Race With China 00:08:32 Microsoft Joins the Push for AI Guardrails 00:10:21 Mark Carney on the U.S.-Canada Trade War 00:13:17 Can the U.S. and Canada Reach a Deal? 00:15:44 Canada's $1 Trillion Investment Push 00:21:07 The Future of Electric Flying Taxis 00:22:29 Manhattan to JFK by Air Taxi 00:26:45 Vertical Aerospace's Funding Challenge 00:31:19 Treasury Yields Break Above 5% 00:33:51 What to Expect From the Fed 00:35:03 Bank of England & Bank of Japan Rate Decisions 00:39:50 Bank of America CEO Brian Moynihan 00:43:43 Moynihan on AI Safety & Regulation 00:51:34 How an AI Slowdown Could Impact Wall Street 00:54:08 Moynihan on Rates, Inflation & the Economy -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts