Wall Street Journal Deputy China Bureau Chief Josh Chin and Wall Street Journal China Correspondent Liza Lin on their book Surveillance State: Inside China’s Quest to Launch a New Era of Social Control
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. 

Wall Street Journal Deputy China Bureau Chief Josh Chin and Wall Street Journal China Correspondent Liza Lin on their book Surveillance State: Inside China’s Quest to Launch a New Era of Social Control Hosts: Carol Massar and Tim Stenovec. 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

The Birth of the Surveillance State

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/13cb5160-81f0-4388-8e7a-af1500be3dc3/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

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

Nvidia is working on a fresh round of AI deals worth more than $750 billion, accelerating investments that skeptics have warned are artificially inflating demand and valuations across the industry.

A partnership with South Korean conglomerate SK Group unveiled late Friday means the companies will be doing more than $500 billion in business with each other, Nvidia said. The world’s most valuable company is also in talks to backstop as much as $250 billion to help OpenAI lease computing power from a US data center project in what would be among the chipmaker’s biggest financing deals with a customer.

Big names from Goldman Sachs Group Inc. to investor Michael Burry of “Big Short” fame have for months warned of the “circular” nature of such agreements, where Nvidia finances and takes stakes in companies and projects that use its chips. And yet, the pace of the deals is only quickening. The fear with these transactions is that they may skew demand, spur bad decision-making and magnify losses if AI fails to turn profits for those investing hundreds of billions of dollars in the technology.
Nvidia is also in discussions to finance $350 billion of OpenAI’s purchases of its chips for the US project, according to a person familiar with the matter. And on Monday, the company said it has made a “substantial” investment in Safe Superintelligence Inc., the AI startup co-founded by former OpenAI chief scientist Ilya Sutskever. People familiar with the situation said Nvidia committed $5 billion.

On this episode, Carol Massar and Tim Stenovec speak with:
Robert Schiffman, Bloomberg Intelligence Senior Technology Credit Analyst
Kat Doherty, Bloomberg News Finance Reporter on Fanatics, BGC Ink Prediction Markets Deal With Sale of Exchange and Traders Are Getting a New Tool to Wager on the Biggest US Stocks
Rahsaan Shears, AI Enterprise Transformation Leader at KPMG US on AI’s impact on early career, young workforce and how firms can harness skills
Mark Gongloff, Bloomberg Opinion Columnist on climate latest: El Niño Risks Pushing World Past 2C Threshold

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>. Nvidia is working on a fresh round of AI deals worth more than $750 billion, accelerating investments that skeptics have warned are artificially inflating demand and valuations across the industry. A partnership with South Korean conglomerate SK Group unveiled late Friday means the companies will be doing more than $500 billion in business with each other, Nvidia said. The world&rsquo;s most valuable company is also in talks to backstop as much as $250 billion to help OpenAI lease computing power from a US data center project in what would be among the chipmaker&rsquo;s biggest financing deals with a customer. Big names from Goldman Sachs Group Inc. to investor Michael Burry of &ldquo;Big Short&rdquo; fame have for months warned of the &ldquo;circular&rdquo; nature of such agreements, where Nvidia finances and takes stakes in companies and projects that use its chips. And yet, the pace of the deals is only quickening. The fear with these transactions is that they may skew demand, spur bad decision-making and magnify losses if AI fails to turn profits for those investing hundreds of billions of dollars in the technology. Nvidia is also in discussions to finance $350 billion of OpenAI&rsquo;s purchases of its chips for the US project, according to a person familiar with the matter. And on Monday, the company said it has made a &ldquo;substantial&rdquo; investment in Safe Superintelligence Inc., the AI startup co-founded by former OpenAI chief scientist Ilya Sutskever. People familiar with the situation said Nvidia committed $5 billion. On this episode, Carol Massar and Tim Stenovec speak with:
<ul>
<li>Robert Schiffman, Bloomberg Intelligence Senior Technology Credit Analyst</li>
<li>Kat Doherty, Bloomberg News Finance Reporter on Fanatics, BGC Ink Prediction Markets Deal With Sale of Exchange and Traders Are Getting a New Tool to Wager on the Biggest US Stocks</li>
<li>Rahsaan Shears, AI Enterprise Transformation Leader at KPMG US on AI&rsquo;s impact on early career, young workforce and how firms can harness skills</li>
<li>Mark Gongloff, Bloomberg Opinion Columnist on climate latest: El Ni&ntilde;o Risks Pushing World Past 2C Threshold</li>
</ul>

Nvidia’s Latest Round of Deals Spur New Circular AI Fears

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1a9db174-b8e1-449f-a0d6-b494015512f1/transcript

The Birth of the Surveillance State

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