OpenAI Takes On Nvidia, Cut Bets Drive Stocks, Armani's Legacy & Empire

OpenAI Takes On Nvidia, Cut Bets Drive Stocks, Armani's Legacy & Empire

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


On today's podcast:


(1) Broadcom is helping OpenAI design and produce an artificial intelligence accelerator from 2026, getting into a lucrative sphere dominated by Nvidia.


(2) President Donald Trump said he would be imposing tariffs on semiconductor imports “very shortly” but spare goods from companies like Apple that have pledged to boost their US investments.


(3) Bond and currency traders are bracing for Friday’s US employment report, which stands to solidify views on Federal Reserve policy and determine the near-term trajectory of interest rates.


(4) French Prime Minister Francois Bayrou said he doesn’t regret calling a confidence vote putting his government on the line, as France is “burdened with debt” and the political parties must “each take responsibility.”


(5) UK Prime Minister Keir Starmer said he would “act on” the outcome of an independent investigation into his deputy Angela Rayner’s tax affairs, signaling he would fire her if the inquiry found she had breached rules governing ministers’ behavior.


(6) Giorgio Armani fought for decades to keep the fashion empire he founded independent, as Italian icons like Gucci and Fendi were snapped up by larger luxury chains. It will be his heirs who decide what the future will hold.


Podcast Conversation: $40,000 Vacations Inspire Finance Pros to Become Travel Agents

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Episoder(1037)

Trillion-Dollar Tech Wipeout, Crisis Engulfs UK’s Starmer, Sci-Fi Power Traders

Trillion-Dollar Tech Wipeout, Crisis Engulfs UK’s Starmer, Sci-Fi Power Traders

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) There have been many AI-driven selloffs in the three years since ChatGPT burst into the mainstream. Nothing, though...

5 Feb 18min

$285B Software Wipeout, Bitcoin 'Death Spiral', EU Seeks US Minerals Deal

$285B Software Wipeout, Bitcoin 'Death Spiral', EU Seeks US Minerals Deal

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) A new AI automation tool from Anthropic PBC sparked a $285 billion rout in stocks across the software, financial se...

4 Feb 17min

$1.25 Trillion Musk Merger, UK Fears ‘Made in Europe’, Reform’s First Big Test

$1.25 Trillion Musk Merger, UK Fears ‘Made in Europe’, Reform’s First Big Test

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Elon Musk is combining SpaceX and xAI in a deal that values the enlarged entity at $1.25 trillion, as the world’s r...

3 Feb 21min

Epstein Revelations Fallout, Gold Plunge Deepens, Mercedes Luxury Bet

Epstein Revelations Fallout, Gold Plunge Deepens, Mercedes Luxury Bet

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Peter Mandelson, Britain’s former ambassador to the US, resigned from the UK’s ruling Labour Party to avoid causing...

2 Feb 19min

Daybreak Weekend: US Jobs, Winter Olympics, Japan Election

Daybreak Weekend: US Jobs, Winter Olympics, Japan Election

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the January jobs report and U.S tech earnings. I...

31 Jan 37min

Trump Picks Kevin Warsh For Fed Chair, Iran Strike Options, $40B Succession Drama

Trump Picks Kevin Warsh For Fed Chair, Iran Strike Options, $40B Succession Drama

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) The Trump administration is preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chai...

30 Jan 19min

Big Tech’s Giant AI Bets, Gold Surges Above $5,500, Starmer Meets China’s Xi

Big Tech’s Giant AI Bets, Gold Surges Above $5,500, Starmer Meets China’s Xi

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) The world’s largest tech firms show no signs of easing up on AI spending, a record wave that’s propelling hardware ...

29 Jan 17min

Trump Fuels Dollar Drop, Crypto Giant’s Gold Hoard, UK Business Courts China

Trump Fuels Dollar Drop, Crypto Giant’s Gold Hoard, UK Business Courts China

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) President Donald Trump’s relaxed tone about the dollar selloff is fuelling speculation the US currency is at the st...

28 Jan 16min

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