A controversial AI safety bill was just passed by California’s legislature. It’s been spurned by OpenAI and Nancy Pelosi, championed by Elon Musk – and could radically reshape the future of the technology’s development not just in the state, but globally.

On today’s podcast, host Sarah Holder speaks with California State Senator Scott Wiener, the author of SB 1047, about why he thinks California needs to take a lead in regulating AI. And Bloomberg tech reporter Shirin Ghaffary explains why even if the bill is vetoed by Governor Gavin Newsom, the questions it has raised about AI regulation could be long-lasting.

A controversial AI safety bill was just passed by California’s legislature. It’s been spurned by OpenAI and Nancy Pelosi, championed by Elon Musk – and could radically reshape the future of the technology’s development not just in the state, but globally. On today’s podcast, host Sarah Holder speaks with California State Senator Scott Wiener, the author of SB 1047, about why he thinks California needs to take a lead in regulating AI. And Bloomberg tech reporter Shirin Ghaffary explains why even if the bill is vetoed by Governor Gavin Newsom, the questions it has raised about AI regulation could be long-lasting.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

California’s Controversial AI Bill Could Upend the Industry

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This week, the Federal Reserve is expected to cut interest rates for the first time in over four years. And there’s debate over how big the cut will be and how soon it will impact the economy.

Bloomberg’s Kate Davidson joins host David Gura to discuss this turning point for the economy, and what else Fed policymakers have in store for the future.  

Read more: Fed Ready to Unshackle US Economy With Soft Landing at Stake

Further listening: What a September Cut Could Mean for the Economy and the Election

This week, the Federal Reserve is expected to cut interest rates for the first time in over four years. And there’s debate over how big the cut will be and how soon it will impact the economy.
Bloomberg’s Kate Davidson joins host David Gura to discuss this turning point for the economy, and what else Fed policymakers have in store for the future.  
Read more: <a href="https://www.bloomberg.com/news/features/2024-09-15/is-the-fed-s-interest-rate-cut-coming-too-late-to-avoid-recession?srnd=phx-economics-v2">Fed Ready to Unshackle US Economy With Soft Landing at Stake</a>
Further listening: <a href="https://www.bloomberg.com/news/articles/2024-08-26/fed-to-cut-interest-rates-ahead-of-us-election-big-take-podcast">What a September Cut Could Mean for the Economy and the Election</a>

The Fed Finally Seems Ready to Pivot

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/478d8409-0788-429a-b5f4-b1ed0166d63f/transcript

The year started with the door of an airplane falling off mid-flight. Frustrations with air travel have mounted since then.It’s up to Pete Buttigieg, the Transportation Secretary, to address those problems — which include everything from Boeing’s woes to the shrinking value of airline loyalty points.

Buttigieg joined the Big Take DC podcast in an exclusive interview to talk about the future of air travel, and his political future after his tenure in the Biden administration ends.

The year started with the door of an airplane falling off mid-flight. Frustrations with air travel have mounted since then. It’s up to Pete Buttigieg, the Transportation Secretary, to address those problems — which include everything from Boeing’s woes to the shrinking value of airline loyalty points.
Buttigieg joined the Big Take DC podcast in an exclusive interview to talk about the future of air travel, and his political future after his tenure in the Biden administration ends.

Buttigieg on Fixing America’s Travel Woes

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f3fe38ca-10d7-4c70-809a-b1e9018b205f/transcript

In a wide-ranging debate on Tuesday night, Vice President Kamala Harris repeatedly put former President Donald Trump on the defensive. Harris leaned into her past as a prosecutor, needling Trump on issues ranging from immigration to the economy and abortion. He attempted to criticize her record and define her as a radical unfit for the presidency.

Bloomberg senior editor Wendy Benjaminson and host David Gura unpack the viral moments from the night, analyze the candidates’ performance, and discuss what comes next.

Read more: How Kamala Harris Baited Trump Into a Debate on Her Terms

In a wide-ranging debate on Tuesday night, Vice President Kamala Harris repeatedly put former President Donald Trump on the defensive. Harris leaned into her past as a prosecutor, needling Trump on issues ranging from immigration to the economy and abortion. He attempted to criticize her record and define her as a radical unfit for the presidency.
Bloomberg senior editor Wendy Benjaminson and host David Gura unpack the viral moments from the night, analyze the candidates’ performance, and discuss what comes next.
Read more: <a href="https://www.bloomberg.com/news/features/2024-09-11/harris-bet-debate-on-baiting-trump-on-abortion-project-2025-it-mostly-worked?sref=SCKvL4TY">How Kamala Harris Baited Trump Into a Debate on Her Terms</a>

Harris Trolled Trump. He Took the Bait.

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7b4b95f7-fa1b-4e5b-9c35-b1e800956989/transcript

California’s Controversial AI Bill Could Upend the Industry

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