Bloomberg Daybreak: Europe Edition6 Jan 2025

Musk Turns On Farage, Sam Altman Talks OpenAI & War Risk Insurance

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Prime Minister Keir Starmer got a taste of the topsy-turvy politics of the coming Trump era as his government spent the weekend defending itself from attacks from Elon Musk, only to see the billionaire provocateur turn on his erstwhile British ally, Nigel Farage.

(2) UK business confidence has dropped to its lowest level since former Conservative Prime Minister Liz Truss’s disastrous mini-budget more than two years ago, according to a survey by the British Chambers of Commerce that echoes concerns over the current Labour government’s tax hikes.

(3) In his most wide-ranging interview as chief executive officer, Altman explains his infamous four-day firing, how he actually runs OpenAI, his plans for the Trump-Musk presidency and his relentless pursuit of artificial general intelligence—the still-theoretical next phase of AI, in which machines will be capable of performing any intellectual task a human can do.

(4) More than three months after winning the most seats at federal elections, far-right leader Herbert Kickl is on track to become the Freedom Party’s first Austrian chancellor in a tie-up with the conservative People’s Party.

(5) Justin Trudeau is expected to announce his resignation as leader of Canada’s Liberal Party this week, the Globe and Mail reported, a move that would trigger a contest to replace him as prime minister.

(6) The war risk insurance market is reaching new heights due to flaring geopolitical tensions and persistent piracy, with premiums estimated to generate up to $1 billion a year.

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