A year ago, all of the talk was about how the big AI companies were wildly overvalued. Everyone was calling it a bubble. Fast forward to now, and a dominant idea in the markets is that AI is so powerful that all kinds of legacy businesses — particularly software — could go to zero. So where does the truth lie? And what now for AI valuations? On this episode, recorded live at the On Air podcast festival in Brooklyn on February 25, we catch up again with Henry Blodget, the former Wall Street analyst turned Business Insider CEO, who is now the founder of Regenerator. In a wide-ranging conversation, Henry argues against the software doom scenario, and sees problems for OpenAI as it faces massive spending costs with stiff competition.

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A year ago, <a href="https://www.bloomberg.com/news/audio/2025-05-05/henry-blodget-on-the-ai-and-dot-coms-booms-odd-lots-podcast">all of the talk</a> was about how the big AI companies were wildly overvalued. Everyone was calling it a bubble. Fast forward to now, and a dominant idea in the markets is that AI is so powerful that all kinds of legacy businesses &mdash; particularly software &mdash; could go to zero. So where does the truth lie? And what now for AI valuations? On this episode, recorded live at the On Air podcast festival in Brooklyn on February 25, we catch up again with Henry Blodget, the former Wall Street analyst turned Business Insider CEO, who is now the founder of Regenerator. In a wide-ranging conversation, Henry argues against the software doom scenario, and sees problems for OpenAI as it faces massive spending costs with stiff competition.
<a href="http://bloomberg.com/subscriptions/oddlots" data-link-cookie="1" data-destination="http://bloomberg.com/subscriptions/oddlots">Subscribe to the Odd Lots Newsletter</a> Join the conversation: <a href="https://discord.gg/oddlots" data-destination="https://discord.gg/oddlots">discord.gg/oddlots</a>

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

On Bloomberg&rsquo;s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

Henry Blodget on the Software Selloff Hysteria and the Problem for OpenAI

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1539622b-e41c-4e30-9bda-b4050183dfff/transcript

With war breaking out in Iran, the price of oil is surging, in part due to the destruction of oil energy infrastructure, but also the ability of anything to get through the Strait of Hormuz. But it’s not just oil that moves through this key waterway — there are plenty of other goods, including metals and ingredients for fertilizer getting potentially constrained. It’s also not just the risk of violence itself that’s an issue for shipping companies, there’s also the question of how cargoes get insured. On this episode of the podcast, we speak with return guests Anton Posner and Margo Brock, co-founders of the Mercury Group, which helps dry bunk clients solve issues related to logistics, transportation and insurance. They discuss what’s actually happening on the ground, surging insurance rates, and how shippers and carriers are dealing with the chaos.

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With war breaking out in Iran, the price of oil is surging, in part due to the destruction of oil energy infrastructure, but also the ability of anything to get through the Strait of Hormuz. But it&rsquo;s not just oil that moves through this key waterway &mdash; there are plenty of other goods, including metals and ingredients for fertilizer getting potentially constrained. It&rsquo;s also not just the risk of violence itself that&rsquo;s an issue for shipping companies, there&rsquo;s also the question of how cargoes get insured. On this episode of the podcast, we speak with return guests Anton Posner and Margo Brock, co-founders of the Mercury Group, which helps dry bunk clients solve issues related to logistics, transportation and insurance. They discuss what&rsquo;s actually happening on the ground, surging insurance rates, and how shippers and carriers are dealing with the chaos.
<a href="http://bloomberg.com/subscriptions/oddlots" data-link-cookie="1" data-destination="http://bloomberg.com/subscriptions/oddlots">Subscribe to the Odd Lots Newsletter</a> Join the conversation: <a href="https://discord.gg/oddlots" data-destination="https://discord.gg/oddlots">discord.gg/oddlots</a>

Lots More on the Seaborne Chaos Around the Strait of Hormuz

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f93d9375-70e2-4aa9-86c4-b404016214e2/transcript

Lloyd Blankfein was CEO of Goldman Sachs for more than a decade, riding the trading boom to the top of the storied investment bank and steering it through the 2008 financial crisis. In his new memoir, Streetwise: Getting To and Through Goldman Sachs, he writes about his journey from public housing in Brooklyn to the pinnacle of Wall Street. So what's he up to now? And how does he see markets and finance today? In this episode, we talk about deglobalization and Wall Street, the threats AI and tech pose to investment banking, risk management in private credit, and rich people's attitudes towards taxes. Plus, Lloyd shares some of what he left out of the book and he explains why he doesn't tweet more.

Read more:
Goldman’s Solomon Is Watching for ‘Frothiness’ in Private Credit
Private Market Titans Warn of Pain as Credit Cracks Widen

Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

Subscribe to the Odd Lots Newsletter
Join the conversation:discord.gg/oddlots

Lloyd Blankfein was CEO of Goldman Sachs for more than a decade, riding the trading boom to the top of the storied investment bank and steering it through the 2008 financial crisis. In his new memoir, Streetwise: Getting To and Through Goldman Sachs, he writes about his journey from public housing in Brooklyn to the pinnacle of Wall Street. So what's he up to now? And how does he see markets and finance today? In this episode, we talk about deglobalization and Wall Street, the threats AI and tech pose to investment banking, risk management in private credit, and rich people's attitudes towards taxes. Plus, Lloyd shares some of what he left out of the book and he explains why he doesn't tweet more.
Read more: <a href="https://www.bloomberg.com/news/articles/2026-03-04/goldman-s-solomon-eyes-private-credit-portfolios-for-frothiness?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Goldman&rsquo;s Solomon Is Watching for &lsquo;Frothiness&rsquo; in Private Credit</a> <a href="https://www.bloomberg.com/news/articles/2026-03-03/private-market-titans-warn-of-coming-pain-as-credit-cracks-widen?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Private Market Titans Warn of Pain as Credit Cracks Widen</a>
Only <a href="http://Bloomberg.com" data-inline-card="" data-card-data="">http://Bloomberg.com</a> subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at&nbsp; <a href="https://www.bloomberg.com/subscriptions/oddlots?in_source=oddlotspodcast" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">bloomberg.com/subscriptions/oddlots</a>
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Former Goldman Sachs CEO Lloyd Blankfein on Why He Doesn't Tweet

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b26130d7-356b-4ae1-90f2-b4040041865c/transcript

The average person can enter a stock trade on their computer, hit refresh, and the trade is done. As fast as that seems, there are professional traders moving even faster, executing thousands of trades per second. Over the years, the need for speed got so intense that competing firms would aim to get their own systems closer and closer to the exchange's computers, so as to minimize the length of the wires and get their trades in even faster. How did this happen? And how does this change the nature of trading itself? On this episode, we speak with Donald Mackenzie, a professor of sociology at the University of Edinburgh in Scotland. Professor Mackenzie has been studying the intersection of finance and tech for a long time, and in 2021 wrote the book, Trading at the Speed of Light. We discuss the history of finance technology and look at where the technological arms race is going next.

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Join the conversation: discord.gg/oddlots

The average person can enter a stock trade on their computer, hit refresh, and the trade is done. As fast as that seems, there are professional traders moving even faster, executing thousands of trades per second. Over the years, the need for speed got so intense that competing firms would aim to get their own systems closer and closer to the exchange's computers, so as to minimize the length of the wires and get their trades in even faster. How did this happen? And how does this change the nature of trading itself? On this episode, we speak with Donald Mackenzie, a professor of sociology at the University of Edinburgh in Scotland. Professor Mackenzie has been studying the intersection of finance and tech for a long time, and in 2021 wrote the book, Trading at the Speed of Light. We discuss the history of finance technology and look at where the technological arms race is going next.
<a href="http://bloomberg.com/subscriptions/oddlots" data-link-cookie="1" data-destination="http://bloomberg.com/subscriptions/oddlots">Subscribe to the Odd Lots Newsletter</a> Join the conversation: <a href="https://discord.gg/oddlots" data-destination="https://discord.gg/oddlots">discord.gg/oddlots</a>

How the Speed of a Trade Got Down to Nearly the Speed of Light

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d092dbb8-3e42-469b-9c50-b3fe016f2c9d/transcript

Henry Blodget on the Software Selloff Hysteria and the Problem for OpenAI

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