Bloomberg Daybreak: Europe Edition Russia ‘Is Testing Us', $100B Nvidia-OpenAI Deal, Piketty Demands Wealth Tax
20 snips
Sep 23, 2025 
Thomas Piketty, the renowned French economist and author, dives into the pressing issues of wealth taxation and inequality. He advocates for a minimum 2% wealth tax while proposing robust enforcement to prevent evasion. Piketty also examines the significant influence billionaires wield in politics, emphasizing the need for systemic change. His insights come amidst discussions on current geopolitical tensions and a major Nvidia-OpenAI investment, making for a thought-provoking dialogue on economics in today's world.
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Russia Probing NATO Resolve
- NATO members view recent Russian airspace violations as deliberate probes of alliance resolve.
- Leaders worry Russia is testing whether Article 5 would be enforced in real conflict scenarios.
Nvidia-OpenAI $100B Bet
- Nvidia will invest up to $100 billion in OpenAI to fund data centers and AI infrastructure.
- The deal signals that large-scale computing capacity is now central to commercial AI deployment.
AI Scaling Requires Massive Capital
- Bain warns AI firms will need $2 trillion a year by 2030 for compute and data center costs.
- Projected revenues may fall short, risking strain on supply chains and energy systems.
