4.5 • 49 Ratings
🗓️ 3 October 2024
⏱️ 46 minutes
🧾️ Download transcript
Bloomberg's Caroline Hyde and Ed Ludlow break down OpenAI's historic funding round and its new loan agreement securing $10B in total liquidity. Plus, PitchBook data shows AI is dominating VC deals in the third quarter, and Nvidia insiders cash in on the AI hype by selling $1.8 billion of shares this year alone.
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0:00.0 | Artificial Intelligence is the star of the stock market, but with the companies that kicked off the AI craze all privately held, |
0:07.5 | how can investors gain exposure to this structural long-term trend? |
0:11.5 | Learn more later in the podcast. |
0:15.2 | Listen carefully. |
0:18.9 | Can you hear the rhythm in the markets? Not just in the syncopations triggered by inflation, but in the preludes leading |
0:28.8 | to global elections, in the dissidents that moves the the Nik and the rising course conducted by AI. |
0:37.0 | There's music in the markets and if you want to learn to listen for it. We'll show you how. |
0:43.5 | Learn more at Bloomberg.com. |
0:45.0 | From the heart of where innovation, money and power |
0:49.5 | collie in Silicon Valley and beyond, |
0:52.2 | this is Bloomberg Technology |
0:54.3 | with Caroline Hyde and Ed Ludlow. Live from New York and San Francisco, this is Bloomberg Technology. |
1:14.0 | Coming up Open AI's historic funding round, we discuss one of the largest ever private investments |
1:19.5 | and its new loan agreement securing $10 billion in total liquidity. |
1:24.6 | An AI dominates VC deals, we have the latest data for venture funding in the third quarter. |
1:29.9 | And NVIDIA Insight is cash in on the AI height, selling 1.8 billion dollars of shares this year alone. |
1:35.8 | That and so much more coming up head. |
1:38.6 | Yeah straight to our top story. Open AI said it has completed a deal to raise 6.6 billion dollars in new funding giving the AI company |
1:47.2 | a $157 billion valuation and bolstering its efforts to build the world's leading generative AI technology. |
1:56.0 | In the last hour, the startups also announced a $4 billion credit line from banks around |
2:01.3 | the world, giving access to a more than 10 billion dollar |
2:05.0 | war chest. Bloombos Rachel Metz joins us on set in San Francisco and we've been |
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