Bloomberg Talks

Ken Griffin, founder and CEO of Citadel, shares his insights on economic issues, critiquing both political parties for fiscal irresponsibility. He discusses Trump's mixed legacy for businesses, potential inflation re-acceleration, and the need for pro-growth policies. Griffin emphasizes the importance of attracting STEM talent with better immigration policies and warns about the risks of AI and tokenization in markets. He also touches on the future of Citadel's growth and the influence of China in global markets.

Brad Lightcap, COO of OpenAI, discusses the exciting developments from OpenAI’s Developers Day. He reveals that the company is facing compute constraints while rolling out new apps and forming partnerships, notably with AMD. Brad explains how ChatGPT is evolving into a super assistant and potentially an operating system, enabling third-party integration. He shares insights on monetization strategies, user growth, and the impressive API scaling, emphasizing the need to invest in infrastructure ahead of rising demand.

Konstantine Buhler, a Partner at Sequoia Capital specializing in AI investments, dives into the nuances of agentic AI. He discusses the significant AMD-OpenAI deal and NVIDIA's critical role in powering AI. Topics range from how agentic AI can transform security and legal workflows to Sequoia's strategic investment choices. Konstantine highlights healthcare as an underexplored industry ripe for AI innovation and envisions a future with returns by 2026. His insights into partnerships, including with Citadel, provide a fascinating glimpse into the evolving AI landscape.

Jim Esposito, the President of Citadel Securities, shares insights on partnering with smaller banks to improve pricing on fixed-income securities. He discusses the company's three-channel market model and their strategic focus on fixed income for growth. Esposito emphasizes their cautious expansion into new products and explores interests in digital assets pending regulatory clarity. He also highlights the importance of AI in enhancing operational efficiency and linking market valuations to AI-driven productivity gains.

Lisa Su, the dynamic CEO of AMD known for driving AI innovation, teams up with Greg Brockman, the strategic President of OpenAI, to discuss an exciting new partnership. They unveil plans for a major deal, delivering 6 gigawatts of AI chips over several years, which could bring in billions in revenue. The duo explores the urgent demand for AI compute, the critical scaling of inference capacity, and the collaborative efforts with cloud providers. They also highlight the innovative MI450 chips and their strategic importance in the evolving AI landscape.

Curtis Sliwa, the Republican nominee for New York City mayor and founder of the Guardian Angels, passionately discusses his law-and-order vision for the city. He emphasizes the importance of fiscal restraint and budget cuts while addressing homelessness through increased shelter capacity. Sliwa shares insights on voter outreach in diverse neighborhoods and his strategies to win over minority voters. He also critiques polling inaccuracies, emphasizing grassroots engagement over numbers, and outlines his plans for collaborating with the City Council to enhance public safety.

Leon Cooperman, a seasoned investor and philanthropist, is joined by John Schreiber, CEO of NJPAC, to discuss Cooperman's transformative $50 million donation. They delve into Cooperman's concerns about market valuations and the implications of rising interest rates. The duo also explores the impact of private philanthropy, particularly in education and arts, emphasizing the importance of opportunities for Newark youth. Additionally, Cooperman shares insights on his scholarship program, which has significantly improved graduation rates.

Stephen Miran, a Federal Reserve Governor known for his insights into monetary policy, discusses the current inflation landscape. He emphasizes how a sudden rise in housing costs could shift his inflation outlook. Miran challenges the notion that the neutral rate is zero, detailing how it's evolved this year. He underscores the importance of high-quality data, the impact of consumer prices versus shelter, and the Fed's 2% target amidst varying economic conditions, offering a refreshing perspective on fiscal strategies and policy adjustments.

Becky Frankiewicz, Chief Strategy Officer at ManpowerGroup, dives into the shifting landscape of the labor market. With a paused jobs report, she emphasizes that the market is still evolving, noting a significant drop in job switching as workers cling to stability. Frankiewicz highlights the rise of 'micro mobility' within companies and discusses shrinking entry-level job opportunities amid a preference for experienced hires. She also explores how AI is influencing hiring trends, creating new roles while simultaneously introducing caution among employers.

David Solomon, the Chairman and CEO of Goldman Sachs, shares insights on the U.S. economy, predicting an acceleration through 2026 fueled by fiscal stimulus and tech investments. He discusses the evolving job market and the rising influence of AI on employment. Solomon anticipates a surge in dealmaking due to a more ambitious regulatory landscape, alongside a cautious look at tech-driven market trends. He also emphasizes Goldman's focus on growth in investment banking and the transformative potential of AI across their operations.