Bloomberg Talks

In this discussion, Francis deSouza, COO of Google Cloud and former CEO of Illumina, dives into the intersection of AI and business growth. He shares insights on how AI is transforming industries, especially healthcare, enhancing patient care, and streamlining drug development. DeSouza also highlights the competitive landscape among cloud service providers, noting how Google leverages integrated AI technologies to stand out. He emphasizes the importance of innovation and security in cloud technology, particularly in relation to real-world applications like Waymo.

Lael Brainard, former Vice Chair of the Federal Reserve and director of the National Economic Council under President Biden, dives into the political pressures facing Jerome Powell. She discusses Trump's influence on the Fed's decisions and the risks of prioritizing government needs over inflation control. Brainard also emphasizes the importance of the Fed's transparency and accountability in maintaining market confidence while tackling the ongoing issue of 'mission creep' in its activities.

Tarek Mansour, CEO and co-founder of Kalshi, dives into the transformative role of AI in prediction markets. He reveals how a partnership with Elon Musk's xAI is enhancing forecasting accuracy. The conversation explores the challenges and opportunities this technology brings for both retail and institutional investors. Tarek also discusses the importance of selecting engaging topics for prediction markets and shares insights on trading trends during major events, suggesting a bright future amid growing competition.

Eni Aluko, a former England Lioness and advisor to Mercury13, dives into the thrilling world of women's football. She discusses the significance of the Women's European Football Championship final and its record attendance. Aluko emphasizes the need for investment in women's sport, advocating for innovative structures to foster growth. She also touches on the evolving broadcast landscape and the ongoing fight against racism in football, highlighting the importance of accountability in making the sport more inclusive and accessible.

Bill McDermott, Chairman and CEO of ServiceNow, shares insights on how AI is revolutionizing business dynamics. He highlights impressive earnings and reveals how AI is streamlining operations and reducing labor costs. McDermott discusses the transformative potential of generative AI for customer experiences and the importance of reskilling the workforce amid changing job roles. He also emphasizes the significance of AI in fostering government efficiency and the necessity of navigating regulations to drive innovation.

A White House Senior Policy Advisor delves into the future of AI policy and its national implications. Key discussions revolve around the U.S. positioning itself as a global leader in AI standards while navigating geopolitical tensions, particularly with China. The competitive landscape among semiconductor giants like NVIDIA and AMD is examined, emphasizing the need for supportive policies. The podcast also highlights the importance of American technology in the global AI arena, using a pro wrestling metaphor to describe its competitive edge.

Adena Friedman, Chair and CEO of Nasdaq, shares insights into the company's impressive growth and earnings in the first half of the year. She discusses the rising confidence in IPOs, highlighting successes in large-cap companies and the booming biotech and tech sectors. Adena also delves into the intriguing resurgence of meme stocks and the transformative impact of AI in finance. Additionally, she explores how tokenization is revolutionizing trading by enhancing market access while maintaining the integrity of underlying equities.

Jon Gray, President & COO of Blackstone, shares fascinating insights into the firm’s robust $52 billion in earnings and the rising trend of retail investments. He discusses the challenges and opportunities in tariffs and trade deals, along with a bright outlook for real estate. Gray also delves into the Federal Reserve's interest rate policies and their impact on inflation, while highlighting the transformative potential of AI and data center investments, all amidst a dynamic economic landscape.

Dan Ives, a Wedbush analyst known for his insights in the tech sector, discusses the rocky road ahead for Tesla. He highlights the challenges following one of Tesla's worst quarters in over a decade. Ives explains Elon Musk's announcement of a transitional phase for the company as it shifts focus from electric vehicle incentives to the rollout of autonomous vehicles. He notes that investors are eager for specific advancements in autonomy but are left wanting after Tesla's vague milestones.

Mike Mayo, Head of US Large Cap Bank Research at Wells Fargo, dives into the current strength of US banks and the technological innovations leading the sector. He discusses JP Morgan's proactive approach to integrating AI while warning of the repercussions for banks that fail to adapt. The conversation also touches on upcoming regulatory changes that could favor larger institutions and the potential for Citigroup's restructuring to drive future profitability. Insights on shadow banking and its rising significance are also highlighted.