Bloomberg Technology
BofA Makes U-Turn on OpenAI, Provides $520M Credit Line
Bank of America is changing its tune on OpenAI: after initially passing on lending to the AI company, it is now extending a $520 million credit line, according to sources. Bloomberg’s Sridhar Natarajan joins Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes…
Bloomberg Technology
Why Moonshot’s Kimi K3 Matters Beyond China
Moonshot’s Kimi K3 has reignited debate over China’s role in the AI race, but Beringea Chief Investment Officer Karen McCormick says the bigger story is the growing availability of cheaper, open-weight AI models. She joins Bloomberg to explain why lower-cost AI is helping startups build faster, forcing frontier model providers to stay competitive, and accelerating…
Bloomberg Technology
SoFi Doubles Down on AI Despite Market Pullback
SoFi posted record quarterly revenue and raised its full-year sales outlook. SoFi CEO Anthony Noto discusses why the company is keeping its earnings guidance unchanged, how AI is boosting engineering productivity and customer service, and why SoFi is continuing to invest for long-term growth despite shifting expectations for interest rates. Noto joins Ed Ludlow on…
Bloomberg Technology
AI Workers Call for US to Pace Tech’s Growth
More than 1,100 workers from top AI firms have signed a petition calling on the US government to help “deliberately pace” AI development. The letter’s signatories include the CEO of Anthropic and the chief scientists from OpenAI and Meta Superintelligence Lab. Bloomberg’s AI editor Seth Fiegerman joins Ed Ludlow on “Bloomberg Tech.” ——– Like this…
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SoFi Doubles Down on AI Despite Market Pullback
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@andrewsturgeon9446
July 8, 2026 at 2:53 pm
time to short BOFA