Bloomberg Daybreak: Europe Edition Reeve’s Growth ‘Fight’, DeepSeek Suspicions & Apple-SpaceX Secret Co-Lab
Jan 29, 2025
Join Lizzie Burden, Bloomberg's UK correspondent, as she reveals Rachel Reeves' ambitious plans to stimulate the UK economy through infrastructure projects. Meanwhile, Mark Gurman, the chief technology correspondent, discusses the secret collaboration between Apple, SpaceX, and T-Mobile to integrate Starlink support in smartphones. Delve into Microsoft's investigation into data security linked to AI, and uncover how the tech sector navigates these turbulent waters while pushing for innovation.
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Reeves' Growth Plan
- Rachel Reeves will address boosting the UK economy by unblocking infrastructure projects.
- Her speech aims to reframe the narrative around her time as Chancellor of the Exchequer.
DeepSeek Investigation
- Microsoft and OpenAI investigate a potential unauthorized data access by DeepSeek, a Chinese AI startup.
- DeepSeek's AI model, R1, was produced much cheaper than US competitors, impacting tech stocks.
OpenAI's Statement on DeepSeek
- OpenAI acknowledges attempts by Chinese companies to, in their words, "distill" their AI models.
- Markets grapple with the impact of DeepSeek's cheaper AI, leading to a tech stock rout.