April 27, 2024 • 4 mins
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Speaker 1 (00:01):
News when you want it with Bloomberg News Now I'm
in Kleggi. Apple has renewed discussions with open Ai about
using the startups technology to power some new features coming
to the iPhone later this year. This according to people
familiar with the matter, the two companies have begun discussing
terms of a possible agreement and how the open Ai
(00:22):
features would be integrated into Apple's iOS eighteen, the next
iPhone operating system. The move marks a reopening of dialogue
between the companies. Apple had talked to OpenAI about a
deal earlier this year, though work between the two parties
had been minimal since then. Apple also remains in discussions
with Alphabet's Google about licensing that company's Gemini chatbot.
Speaker 2 (00:46):
Now.
Speaker 1 (00:46):
There's no end to campus protests over the war in Gaza.
A demonstration at Ohio State University led to arrests almost
as soon as it began. Thursday night, more than two
dozen protesters were arrested at Emory Universe City in Atlanta, Columbia.
University officials are trying to negotiate with demonstrators who have
been camped out since early last week. Brown University political
(01:09):
scientist Wendy Schiller says, these demonstrations aren't going away anytime soon.
Speaker 3 (01:15):
I think they're going to take the summer, these students,
and they're going to regroup. I think they're going to
be back in the fall, and I think a lot
depends on how Israel conducts the remainder of the war
in Gaza to determine what our campuses look like in
the fall.
Speaker 1 (01:26):
Brown University's Wendy Schiller was a guest on Bloomberg Daybreak.
Republic First Bank became the latest smaller lender to succumb
to pressures of higher interest rates on Friday, when it
was closed by regulators, with most of its deposits and
assets acquired by Fulton Bank. The Federal Deposit Insurance Corporation
said in a statement that republic Firsts thirty two locations
(01:48):
in New Jersey, Pennsylvania, and New York will reopen Saturday
as branches of Fulton Bank. The Philadelphia based bank had
struggled with similar issues as other regional lenders, high interest
rates that translated into unrealized losses on loans and securities.
The agency estimated that the republic First failure will cost
its Deposit Insurance Fund six hundred and sixty seven million dollars.
(02:13):
Secretary of State Antony Blincoln met with Xijianping and top
foreign affairs and security officials in Beijing, touching on economic
issues as well as China's threat to the Philippines and
American ally. Bloomberg's IRV Chapman reports from Washington.
Speaker 4 (02:27):
WHENCN said Russia would be struggling in Ukraine without Chinese support, it.
Speaker 2 (02:31):
Is absolutely critical that the support that is providing not
in terms of weapon but components for the defense industrial base,
machine tools, microelectronics. China's is overwhelmingly the number one supplier
to Russia, but it's also having a material effect in
creating a growing threat that Russia poses to countries in Europe.
Speaker 4 (02:48):
And Can said the administration is prepared to widen sanctions
on the Chinese entities involved, as well as to use
tarots to keep Chinese dumping of its surplus production from
putting more American companies out of business in Washington, En
Kampman Bloomberg Radio.
Speaker 1 (03:02):
A week forecast from chip maker Intel is raising new
questions about CEO Pat Gelsinger's turnaround plan, but he says
the company is still hitting key milestones.
Speaker 5 (03:14):
We went to production with our first server part on
Intel three. The US is back to leadership process technology
being manufactured on our shores for the first time in
a decade. So some key milestones that I'll just say.
Everything is coming together as we would say, and we're
very optimistic that yes, in fact, we will deliver the
(03:34):
foundry business and the manufacturing capabilities as we've laid out
for the company, the industry, and the world.
Speaker 1 (03:40):
Intel CEO Pat Gelsinger was on Bloomberg Radio and television.
He did not give a specific timetable on when the
foundry business could deliver results. Welcome to the two trillion
dollar Club. Friday's ten percent rally for stock in Google
owner Alphabet pushed that company's net worth over two trillion
for the first time on Friday. It follows last quarters
(04:02):
far stronger than forecast earnings, largely on the strength of
its Gemini AI platform. Alphabet joins AI chip maker Nvidia, Apple,
and Microsoft in the two trillion Club. Alphabet's earnings news,
as well as Microsoft's strong earnings report thanks to its
AI push, sparked a wired to wired tech rally on Friday.
(04:23):
The Nasdaq jumped two percent three hundred and sixteen. The
SMP was up one percent fifty two points in The
Dow rose one fifty four almost a half a percent,
wrapping up the best week for Wall Street this year.
And that's news when you wanted with Bloomberg news. Now
I'm at Kleggi, and this is Bloomberg
News when you want it with Bloomberg News Now I'm
in Kleggi. Apple has renewed discussions with open Ai about
using the startups technology to power some new features coming
to the iPhone later this year. This according to people
familiar with the matter, the two companies have begun discussing
terms of a possible agreement and how the open Ai
(00:22):
features would be integrated into Apple's iOS eighteen, the next
iPhone operating system. The move marks a reopening of dialogue
between the companies. Apple had talked to OpenAI about a
deal earlier this year, though work between the two parties
had been minimal since then. Apple also remains in discussions
with Alphabet's Google about licensing that company's Gemini chatbot.
Speaker 2 (00:46):
Now.
Speaker 1 (00:46):
There's no end to campus protests over the war in Gaza.
A demonstration at Ohio State University led to arrests almost
as soon as it began. Thursday night, more than two
dozen protesters were arrested at Emory Universe City in Atlanta, Columbia.
University officials are trying to negotiate with demonstrators who have
been camped out since early last week. Brown University political
(01:09):
scientist Wendy Schiller says, these demonstrations aren't going away anytime soon.
Speaker 3 (01:15):
I think they're going to take the summer, these students,
and they're going to regroup. I think they're going to
be back in the fall, and I think a lot
depends on how Israel conducts the remainder of the war
in Gaza to determine what our campuses look like in
the fall.
Speaker 1 (01:26):
Brown University's Wendy Schiller was a guest on Bloomberg Daybreak.
Republic First Bank became the latest smaller lender to succumb
to pressures of higher interest rates on Friday, when it
was closed by regulators, with most of its deposits and
assets acquired by Fulton Bank. The Federal Deposit Insurance Corporation
said in a statement that republic Firsts thirty two locations
(01:48):
in New Jersey, Pennsylvania, and New York will reopen Saturday
as branches of Fulton Bank. The Philadelphia based bank had
struggled with similar issues as other regional lenders, high interest
rates that translated into unrealized losses on loans and securities.
The agency estimated that the republic First failure will cost
its Deposit Insurance Fund six hundred and sixty seven million dollars.
(02:13):
Secretary of State Antony Blincoln met with Xijianping and top
foreign affairs and security officials in Beijing, touching on economic
issues as well as China's threat to the Philippines and
American ally. Bloomberg's IRV Chapman reports from Washington.
Speaker 4 (02:27):
WHENCN said Russia would be struggling in Ukraine without Chinese support, it.
Speaker 2 (02:31):
Is absolutely critical that the support that is providing not
in terms of weapon but components for the defense industrial base,
machine tools, microelectronics. China's is overwhelmingly the number one supplier
to Russia, but it's also having a material effect in
creating a growing threat that Russia poses to countries in Europe.
Speaker 4 (02:48):
And Can said the administration is prepared to widen sanctions
on the Chinese entities involved, as well as to use
tarots to keep Chinese dumping of its surplus production from
putting more American companies out of business in Washington, En
Kampman Bloomberg Radio.
Speaker 1 (03:02):
A week forecast from chip maker Intel is raising new
questions about CEO Pat Gelsinger's turnaround plan, but he says
the company is still hitting key milestones.
Speaker 5 (03:14):
We went to production with our first server part on
Intel three. The US is back to leadership process technology
being manufactured on our shores for the first time in
a decade. So some key milestones that I'll just say.
Everything is coming together as we would say, and we're
very optimistic that yes, in fact, we will deliver the
(03:34):
foundry business and the manufacturing capabilities as we've laid out
for the company, the industry, and the world.
Speaker 1 (03:40):
Intel CEO Pat Gelsinger was on Bloomberg Radio and television.
He did not give a specific timetable on when the
foundry business could deliver results. Welcome to the two trillion
dollar Club. Friday's ten percent rally for stock in Google
owner Alphabet pushed that company's net worth over two trillion
for the first time on Friday. It follows last quarters
(04:02):
far stronger than forecast earnings, largely on the strength of
its Gemini AI platform. Alphabet joins AI chip maker Nvidia, Apple,
and Microsoft in the two trillion Club. Alphabet's earnings news,
as well as Microsoft's strong earnings report thanks to its
AI push, sparked a wired to wired tech rally on Friday.
(04:23):
The Nasdaq jumped two percent three hundred and sixteen. The
SMP was up one percent fifty two points in The
Dow rose one fifty four almost a half a percent,
wrapping up the best week for Wall Street this year.
And that's news when you wanted with Bloomberg news. Now
I'm at Kleggi, and this is Bloomberg
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