Bloomberg News West Coast Correspondent Ed Ludlow reports on Tesla laying off workers from its Autopilot team as the electric-vehicle maker shutters a California facility. Bloomberg Businessweek Editor Joel Weber and Businessweek Asia Editor Matthew Campbell share the details of Matthew's Businessweek Magazine cover story Art Dealer’s Empire Thrived on Decades of Epic Plunder. Karol Flynn, AgTech Analyst at Wells Fargo, breaks down the findings of the firm's July 4th Food Inflation Report. And we Drive to the Close with Stephanie Pierce, CEO of Dreyfus, Mellon and ETFs for BNY Mellon Investment Management. 
Hosts: Carol Massar and Katie Greifeld. Producer: Paul Brennan.  

Bloomberg News West Coast Correspondent Ed Ludlow reports on Tesla laying off workers from its Autopilot team as the electric-vehicle maker shutters a California facility. Bloomberg Businessweek Editor Joel Weber and Businessweek Asia Editor Matthew Campbell share the details of Matthew's Businessweek Magazine cover story Art Dealer’s Empire Thrived on Decades of Epic Plunder. Karol Flynn, AgTech Analyst at Wells Fargo, breaks down the findings of the firm's July 4th Food Inflation Report. And we Drive to the Close with Stephanie Pierce, CEO of Dreyfus, Mellon and ETFs for BNY Mellon Investment Management. Hosts: Carol Massar and Katie Greifeld. Producer: Paul Brennan.

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Tesla Cuts 200 Autopilot Workers, Closes Site

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2e1c937e-7339-4919-9527-aec3014c7f1b/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Deputy Defense Secretary Stephen Feinberg wants America’s war machine to get cozier with companies. The private equity firm he co-founded, Cerberus Capital Management, is building a constellation of next-generation businesses to answer the call.

For more, Carol Massar and Tim Stenovec speak with Caleb Melby, Bloomberg News Investigative Reporter

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. Deputy Defense Secretary Stephen Feinberg wants America&rsquo;s war machine to get cozier with companies. The private equity firm he co-founded, Cerberus Capital Management, is building a constellation of next-generation businesses to answer the call. For more, Carol Massar and Tim Stenovec speak with Caleb Melby, Bloomberg News Investigative Reporter

Cerberus Alumni Mold the Pentagon in Their Private Equity Image

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/480777f4-213b-4390-84a8-b495015948be/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Chinese startup Moonshot AI is seeking access to more of Nvidia Corp.’s advanced Blackwell chips to train the next version of its model, Kimi K4, The Information reported, citing sources it didn’t name. The Beijing-based artificial intelligence firm trained its earlier model, Kimi K3, using Nvidia chips, Bloomberg previously reported, even though US export controls restrict the sale of advanced chips to China over security concerns.

The development is likely to exacerbate transatlantic angst about Chinese AI models closing the gap with OpenAI and Anthropic PBC. When Moonshot originally announced its Kimi K3 model, which was released publicly on Monday, that triggered a selloff in AI-related stocks.
Much like DeepSeek’s release in early 2025, the K3 debut was taken as evidence that Chinese companies can keep pace on a smaller budget and with fewer cutting-edge resources than rivals with full access to Nvidia AI accelerators.

On this episode, Carol Massar and Tim Stenovec speak with:
Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
Tejpaul Bhatia, CEO of Nebex on company’s future after SpaceX IPO // Alphabet’s GV Backs Fintech That Aims to Fuel Space Industr
Walt Lukken, CEO, FIA on 24/7 futures trading/and clearing, tokenization and customer expectations, prediction markets
Lexi Reese, CEO, lanai on AI and the labor market
Dushyant "D" Shahrawat, Bloomberg Intelligence, Crypto and Digital Assets Analyst on blockchain, stablecoins, shifting financial structures

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. Chinese startup Moonshot AI is seeking access to more of Nvidia Corp.&rsquo;s advanced Blackwell chips to train the next version of its model, Kimi K4, The Information reported, citing sources it didn&rsquo;t name.&nbsp;The Beijing-based artificial intelligence firm trained its earlier model, Kimi K3, using Nvidia chips, Bloomberg previously reported, even though US export controls restrict the sale of advanced chips to China over security concerns. The development is likely to exacerbate transatlantic angst about Chinese AI models closing the gap with OpenAI and Anthropic PBC. When Moonshot originally announced its Kimi K3 model, which was released publicly on Monday, that triggered a selloff in AI-related stocks. Much like DeepSeek&rsquo;s release in early 2025, the K3 debut was taken as evidence that Chinese companies can keep pace on a smaller budget and with fewer cutting-edge resources than rivals with full access to Nvidia AI accelerators. On this episode, Carol Massar and Tim Stenovec speak with:
<ul>
<li>Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research</li>
<li>Tejpaul Bhatia, CEO of Nebex on company&rsquo;s future after SpaceX IPO // Alphabet&rsquo;s GV Backs Fintech That Aims to Fuel Space Industr</li>
<li>Walt Lukken, CEO, FIA on 24/7 futures trading/and clearing, tokenization and customer expectations, prediction markets</li>
<li>Lexi Reese, CEO, lanai on AI and the labor market</li>
<li>Dushyant "D" Shahrawat, Bloomberg Intelligence, Crypto and Digital Assets Analyst on blockchain, stablecoins, shifting financial structures</li>
</ul>

Chip Stock Rout Deepens on AI Debt Jitters, China Competition

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/29aa4df3-7265-4d82-b8d1-b4950155ae46/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Ronnen Harary co-founded the company that would become Spin Master when he was twenty-three, less than a year out of college, and living at home with his mother. He didn’t realize it at the time, but his youth was his biggest asset. Thirty years later, Spin Master now has twenty-eight offices around the globe, over 3,000 employees, and billions of dollars in annual revenue. Having helped create massive global toy lines, including Bakugan and PAW Patrol, Harary’s success has helped fuel innovation in the toy industry and in children’s animation around the world.

In an age when ever-changing technology threatens to impact traditional entry-level jobs across the spectrum, Harary exhorts young readers to take control of their own destiny. No Experience Necessary is a rallying cry for dreamers to embrace the messy reality of building something meaningful from scratch.

For more, Carol Massar and Tim Stenovec speak with Ronnen Harary, co-founder and former CEO of Spin Master and author of the book, ‘No Experience Necessary’

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. Ronnen Harary co-founded the company that would become Spin Master when he was twenty-three, less than a year out of college, and living at home with his mother. He didn&rsquo;t realize it at the time, but his youth was his biggest asset. Thirty years later, Spin Master now has twenty-eight offices around the globe, over 3,000 employees, and billions of dollars in annual revenue. Having helped create massive global toy lines, including Bakugan and PAW Patrol, Harary&rsquo;s success has helped fuel innovation in the toy industry and in children&rsquo;s animation around the world. In an age when ever-changing technology threatens to impact traditional entry-level jobs across the spectrum, Harary exhorts young readers to take control of their own destiny. No Experience Necessary is a rallying cry for dreamers to embrace the messy reality of building something meaningful from scratch. For more, Carol Massar and Tim Stenovec speak with Ronnen Harary, co-founder and former CEO of Spin Master and author of the book, &lsquo;No Experience Necessary&rsquo;

 'No Experience Necessary': Betting on Yourself in Your Twenties

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c4d26123-88e4-4e79-830c-b494015518b9/transcript

Tesla Cuts 200 Autopilot Workers, Closes Site

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