Chip Stocks Tumble on AI Safety Fears & Rising Yields

The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Morgan Stanley Investment Management Deputy CIO, Solutions & Multi-Asset Jitania Kandhari, McKinsey & Co. Senior Partner & Global Leader, Tech & AI Kate Smaje, Teva Pharmaceuticals President & CEO Richard Francis, BetMGM CEO Adam Greenblatt, Texas Capital Bancshares CEO, Chairman, & President Rob Holmes, BlackRock US Head of Equity ETFs Jay Jacobs, The Distributed AI Research Institute Founder & Executive Director Timnit Gebru, Cloudfare CEO & Co-Founder Matthew Prince, Institute for Advanced Study, Harold F. Linder Professor Alondra Nelson, Thornburg Head of Fixed Income Christian Hoffmann, Starmoire CEO & Co-Founder Katie Palencsar & Starmoire Stylist Stacy London, & Authentic Brands CEO Matt Maddox. Chapters: 00:00:00 Bloomberg The Close 00:02:49 Morgan Stanley on Fed Hikes, Inflation & Markets 00:06:16 AI Investing, Global Equities & Portfolio Diversification 00:09:16 Anthropic’s AI Slowdown Call & the Search for ROI 00:10:01 McKinsey on AI Productivity, Workflows & Profitability 00:15:09 Responsible AI, Software Disruption & Enterprise Adoption 00:18:13 Teva CEO on U.S. Listing & Company Transformation 00:21:02 Teva’s Drug Pipeline & Long-Term Growth Strategy 00:22:28 BetMGM CEO on the NFL Season & Sports Betting 00:26:15 BetMGM on Prediction Markets, Regulation & the Supreme Court 00:29:37 Texas Capital CEO on Moving to the Texas Stock Exchange 00:33:25 Texas Capital’s Turnaround, Growth & Expansion 00:37:04 BlackRock on AI Demand, Data Centers & Investment Opportunities 00:40:28 Market Positioning, Diversification & Higher Rates 00:50:01 Timnit Gebru on AI Safety, Security & Existential Risk 00:53:03 AI Agents, Human Oversight & Cybersecurity 00:56:21 Cloudflare CEO on AI Bots & the Cybersecurity Boom 00:59:33 AI Vulnerabilities, Cyber Defense & Internet Security 01:02:04 Alondra Nelson on AI Regulation & U.S. Technology Policy 01:05:37 U.S.-China Cooperation & Global AI Safety Standards 01:06:34 Financing the AI Boom & Anthropic’s IPO 01:09:20 Fed Policy, Kevin Warsh & the Rate Outlook 01:10:47 Stacy London on Digital Closets & Wardrobe Management 01:14:18 AI, Resale Fashion & the Value of Your Closet 01:17:54 Building a New Fashion Resale & Storage Business 01:21:16 Authentic Brands CEO on the Creator Economy 01:24:10 Stephen Bartlett Partnership & Creator-Led Brand Building 01:27:28 Authentic Brands’ IPO Plans, M&A & Global Growth 01:31:25 What to Watch -------- 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