Latest news with #BloombergOpenInterest
Yahoo
13 hours ago
- Business
- Yahoo
Ardian's Mark Benedett on Democratizing Private Equity
Ardian Executive President Mark Benedetti discuses the democratization of private equity on "Bloomberg Open Interest."
Yahoo
14 hours ago
- Business
- Yahoo
Nippon Steel Closes $14.1 Billion Acquisition of US Steel
Nippon Steel closed its $14.1 billion takeover of United States Steel, bringing to an end an 18-month effort to combine the American and Japanese steelmakers, the companies said in a Wednesday statement. Joe Deaux reports on "Bloomberg Open Interest." Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Billionaire trader Paul Tudor Jones warns AI could trigger mass unemployment — and revolutionize education
Paul Tudor Jones warned AI could cause mass unemployment and even threaten the human race. The billionaire trader said the technology has great potential but poses risks for safety and stability. AI could help equalize education, Jones said, adding that it ought to be regulated. Artificial intelligence promises to solve some of the world's thorniest problems — but it could also spark mass unemployment and even eradicate the human race, Paul Tudor Jones warned. "This is obviously the most disruptive technology in the history of mankind," the billionaire trader told "Bloomberg Open Interest" on Wednesday. The Tudor Investment Corporation founder turned to a decades-old sci-fi series to explain the existential threat posed by AI. "There was a great 'Twilight Zone' episode where aliens came down to Earth and they hand this book, it says 'To Serve Man,' Jones said. "And everyone goes, 'Hooray! They're going to save humanity, it's a humanitarian guide.' And it turns out to be a cookbook." "The downside of AI is that we've been served," he added, pointing to Tesla CEO Elon Musk warning on a February podcast that there's a 20% chance of AI wiping out humanity. That risk should "set off alarm bells throughout the world," Jones continued. He also highlighted Anthropic CEO Dario Amodei's suggestion that US unemployment could surge from around 4% to between 10% and 20% within the next five years as AI displaces legions of white-collar workers. Jones called that a "massive stability issue" on top of safety concerns about the nascent tech. AI is already reshaping industries such as law, consulting, banking, and the media by automating tasks and producing faster and better work than humans in some cases. Jones singled out education as one area where AI could be a force for good. The advent of virtual tutors who can help students with any subject should mean there's "no excuse for a low-income kid not to have the greatest education." He cautioned that Trump's proposed "One Big Beautiful Bill" includes a "moratorium on AI regulation" that could allow the risks it poses to become reality. Read the original article on Business Insider
Business Insider
5 days ago
- Business
- Business Insider
Billionaire trader Paul Tudor Jones warns AI could trigger mass unemployment — and revolutionize education
Artificial intelligence promises to solve some of the world's thorniest problems — but it could also spark mass unemployment and even eradicate the human race, Paul Tudor Jones warned. "This is obviously the most disruptive technology in the history of mankind," the billionaire trader told "Bloomberg Open Interest" on Wednesday. The Tudor Investment Corporation founder turned to a decades-old sci-fi series to explain the existential threat posed by AI. "There was a great ' Twilight Zone ' episode where aliens came down to Earth and they hand this book, it says 'To Serve Man,' Jones said. "And everyone goes, 'Hooray! They're going to save humanity, it's a humanitarian guide.' And it turns out to be a cookbook." "The downside of AI is that we've been served," he added, pointing to Tesla CEO Elon Musk warning on a February podcast that there's a 20% chance of AI wiping out humanity. That risk should "set off alarm bells throughout the world," Jones continued. He also highlighted Anthropic CEO Dario Amodei's suggestion that US unemployment could surge from around 4% to between 10% and 20% within the next five years as AI displaces legions of white-collar workers. Jones called that a "massive stability issue" on top of safety concerns about the nascent tech. AI is already reshaping industries such as law, consulting, banking, and the media by automating tasks and producing faster and better work than humans in some cases. Jones singled out education as one area where AI could be a force for good. The advent of virtual tutors who can help students with any subject should mean there's "no excuse for a low-income kid not to have the greatest education." He cautioned that Trump's proposed "One Big Beautiful Bill" includes a " moratorium on AI regulation" that could allow the risks it poses to become reality.
Bloomberg
12-06-2025
- Business
- Bloomberg
Oracle Delivers Bullish Outlook
Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." Oracle soars to a record high after the software maker projected a 70% gain in cloud infrastructure sales this fiscal year, giving a bullish outlook for the closely watched business. President Trump plans to set unilateral tariff rates within the next two weeks, ahead of an earlier deadline. And we get updates on Boeing's worst accident involving its most advanced twin-aisle aircraft. Plus, is the nuclear energy renaissance upon us? We'll get insight from the CEO of Nano Nuclear. (Source: Bloomberg)
