Bloomberg Daybreak: Europe Edition OpenAI Takes On Nvidia, Cut Bets Drive Stocks, Armani's Legacy & Empire
Sep 5, 2025
Tiwa Adebayo, Bloomberg's fashion watcher, dives into the illustrious legacy of Giorgio Armani. She highlights his relentless fight to maintain independence amid industry consolidation, detailing how his heirs will shape the brand’s future. The conversation reveals the potential for an IPO or sale and reflects on how Armani's innovations have set trends in the fashion world. Adebayo's insights paint a vivid picture of the enduring influence of this fashion icon on contemporary style.
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OpenAI Backs Custom AI Chips
- OpenAI is partnering with Broadcom to design AI accelerator chips that challenge NVIDIA's dominance.
- The first chips will begin shipping next year, giving OpenAI more control over compute for large models.
Broadcom Sees Big AI Revenue Upside
- Broadcom expects AI semiconductor revenue to jump and has a mysterious large customer ordering custom chips.
- CEO Hock Tan said the AI outlook will improve significantly in 2026 with substantial new orders.
Pledge US Investment To Avoid Tariffs
- Companies should publicly commit US investments if they want exemptions from potential semiconductor tariffs.
- Use pledges as leverage when negotiating trade policy outcomes with the US administration.