Alibaba Unveils Powerful AI Chip as Meta Revives AI Optimism

Stocks held gains driven by a rally in the artificial-intelligence trade as oil fell for a fifth day, with investors tracking diplomatic efforts to end the US-Iran war. Early signs of success for Meta's new personal agent revived optimism over chip demand, bolstering the sector after a recent rough patch driven by calls for slower AI development. Alibaba is rolling out what it calls China’s most powerful AI chip, an accelerator to compete with Nvidia and underpin a massive expansion of data center capacity in coming years. President Volodymyr Zelenskyy will meet President Donald Trump in New York today as the embattled Ukrainian leader looks to shore up support to defend against stepped-up Russian attacks. Zelenskyy has so far brushed off Trump’s calls for Ukraine to stop hitting refineries inside Russia which have triggered fuel shortages. Today's guests: Mike Bell, RBC BlueBay Head of Market Strategy; Kristina Spohr, London School of Economics Professor; Cristina Caffarra, EuroStack Initiative Founder & Chair -- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Chapters: 00:00:00 - The Pulse 00:01:56 - AI trade roars back on Meta's personal agent 00:06:03 - Mike Bell, RBC Bluebay Asset Management Head of Market Strategy 00:15:09 - Latvian Foreign Minister: Russian sabotage is 'serious worry' 00:16:43 - Merz claims party support after election hit 00:17:41 - Kristina Spohr, London School of Economics Professor 00:25:14 - Tuesday headlines 00:26:14 - Tuesday top stories 00:30:38 - Cristina Caffarra, Eurostack Initiative Founder and Chair 00:37:45 - Novo investors seek more robust sales targets 00:42:29 - Ecuadorian President: Cocaine trade worth about $30 billion a year 00:45:07 - China, US discuss AI, investment and trade 00:47:06 - Macron, Trump discuss Kyiv, Moscow halting energy strikes -------- 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