Bloomberg Technology
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Bloomberg’s Ed Ludlow discusses OpenAI’s secretive project to train its artificial intelligence to build financial models and what that could mean for junior bankers. Plus, President Donald Trump announced a deal with Australia on rare earths to counter China’s dominance. And shares of Warner Bros. Discovery jumped after the company said it has expanded a…
Bloomberg Technology
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Bloomberg Technology
SK Chairman Chey Tae-won on SK Hynix Debut, AI Demand and US Plans
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Bloomberg Technology
SK Chairman Says He Has ‘Much, Much Bigger’ Plans for US
Chey Tae-won, chairman of SK Hynix parent SK Group, discusses his plan to invest more money in the US. He speaks with Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here: Get…
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@aqyldy-areket
October 21, 2025 at 8:41 pm
I am convinced that if Russian President Vladimir Putin is allowed to visit Hungary, it will mark the beginning of the end for the dollar and the euro as global reserve currencies. Their strength lies not only in the high quality of Western goods and services but also in the intangible values they represent — democracy, freedom of speech, and the protection of human rights.
When people around the world buy dollars or euros, they are, in a sense, investing not only in the Western economy but also in these very ideals.
However, the mocking nature of Putin’s potential visit to Hungary makes this situation especially symbolic. It would not merely be a diplomatic event, but a demonstration of Western hypocrisy — demanding that the rest of the world stand against Russia while continuing to cooperate with it whenever convenient.
Such a move would amount to an act of humiliation for the West before Russia and would undermine the very values on which its financial and moral power rests. That is why this visit could become a turning point — the moment when the decline of the dollar and the euro as global reserve currencies truly begins.