Business
AMD Unveils New AI Chip to take on Nvidia
Advanced Micro Devices Inc. Chief Executive Officer Lisa Su talks about new so-called accelerator chips that can run artificial intelligence software faster than rival products. The launch sets up a showdown with Nvidia. The company introduced a new lineup called the MI300 at an event in San Jose, California. She speaks with Bloomberg’s Ed Ludlow.
#artificialintelligence #chips #technology #ai #nvidia #china #business #chatgpt
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US stocks and Treasuries drifted ahead of Federal Reserve Chair Kevin Warsh’s address at Jackson Hole, with traders looking for clarity on his economic outlook and strategy for bringing inflation back to target.
Warsh’s address, scheduled for 10 a.m. New York time, is shaping up as a crucial moment for markets as doubts about his commitment to taming inflation have helped push up long-term yields. A divided policy committee and the Treasury’s bond market intervention are further complicating the backdrop.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade | 8/28/2026
00:01:20 – Warsh Speech in Spotlight
00:03:42 – AI Trade Revived
00:06:05 – Hormuz Flows Ease Oil Supply Fears
00:09:02 – Daybook
00:11:39 – Kansas Fed’s Schmid
00:14:42 – Freya Beamish of GlobalData
00:21:37 – Need To Know: Nepal, Infantino, “Lake America”
00:25:48 – Amy Gower of Morgan Stanley
00:32:11 – Chicago Fed’s Gooslbee
00:33:06 – Norway’s King Harald Dead
00:33:47 – MLIV
00:38:15 – Fiscal Focus for French Presidential Debate
00:40:54 – Stocks To Watch
00:47:59 – The Market Open
00:50:42 – Paul Jackson of Invesco
00:58:34 – Core 6 & Movers
01:15:34 – Chinese Hybrids Surge
01:18:53 – Robotaxis in London
01:20:31 – Ashwini Anburajan of Obi
01:28:19 – Fed Officials Split on Rate Path
01:29:22 – Warsh Speech Preview
01:31:36 – Nepal Flash Flood Death Toll Rises
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OpenAI CEO and co-founder Sam Altman discusses the rollout of GPT-6 Astra, the company’s latest AI model, and says the tech industry has done a terrible job of communicating the benefits of AI. Speaking with Ed Ludlow on “Bloomberg The Close,” Altman also says he assumes the company will go public one day.
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US Treasury Secretary Scott Bessent’s interventionist summer has already led to pushback and questions about his credibility in financial markets. Now he faces a test with global peers. Ahead of the meeting of Group of 20 finance ministers in Asheville, North Carolina, on Monday, Bessent has vowed to return the conversation among the world’s top economic policymakers to the core subject of boosting growth. Shawn Donnan, Bloomberg Senior Economics Writer talks about the latest from the G20. Ed Ludlow, Bloomberg Tech Co-Host also discussed his interview with Nvidia CEO Jensen Huang. Then, Brian Quintenz, KalshiEx Board Member and Fmr. CFTC Commissioner joined to discuss recent enforcement actions from the prediction market platform. Finally, Ryan Gould, Bloomberg News Deals Reporter discussed the latest on his reporting about how KKR has spent the past five years leveraging limited airport space to the advantage of Atlantic.
Chapters
00:00:00 Bloomberg Businessweek Daily
00:02:03 Market Update: Stocks Fall as Oil Rises
00:03:50 Bessent Faces a Credibility Test at the G20
00:06:28 Treasury’s Interventionist Summer
00:08:11 Bessent, Warsh & the Fight Over Interest Rates
00:09:29 Can Markets Trust the Treasury Secretary?
00:11:23 Nvidia Invests $3.5 Billion in MediaTek
00:13:10 Nvidia’s Strategy Beyond Its Own AI Chips
00:16:01 Custom Chips & the Competition for Nvidia
00:19:02 Market Update: Amazon Falls on FTC Report
00:20:52 Kalshi’s First Lifetime Trading Ban
00:24:16 Court Ruling Challenges Kalshi’s Sports Markets
00:26:01 Could the Kalshi Fight Reach the Supreme Court?
00:28:35 Who Should Regulate Prediction Markets?
00:30:20 Mention Markets, Insider Trading & Regulation
00:32:34 Market Update: Oil Near $86, Stocks Lower
00:34:28 Private Aviation Becomes a $10 Billion Business
00:36:01 How KKR Transformed Atlantic Aviation
00:37:30 Private Jet Demand & the Airport Capacity Crunch
00:41:02 Could Atlantic Aviation Eventually Go Public?
00:43:01 Market Check: Oil, Yields & Inflation
00:44:16 Stock Movers: Amazon, Edison & Deere
——–
More on Bloomberg Television and Markets
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The August Beige Book drops and shows both wages and prices are up moderately across the country. Bloomberg TV & Radio Economics & Policy Correspondent Mike McKee reacts. Then, Bloomberg News Washington Correspondent Tyler Kendall sits down the with the CEO of Chevron to discuss the Venezuela oil partnership. Plus, Bloomberg Intelligence Senior Analyst Woo Jin Ho talks market reaction to Dell’s boosted sales outlook. With autonomous driving becoming more popularized in our vehicles, car insurance companies are finding new ways to price insurance. Lemonade CEO Daniel Schreiber explains how his insurance company is evolving alongside the auto industry. Finally, ‘Our Town’ Podcast Co-Hosts Meribah Knight and Susan Berfield talk about the small Tennessee town at the heart of a fight over Christian Nationalism.
Chapters
00:00:00 Bloomberg Businessweek Daily
00:01:38 Market Update: Stocks Rebound as Oil Rises
00:02:50 Fed Beige Book: Economy Expands Modestly
00:05:16 Chevron’s $7 Billion Venezuela Investment
00:06:41 U.S. Pushes to Ramp Up Venezuelan Oil
00:08:08 Chevron CEO on Investing in Venezuela
00:10:02 Questions Over Venezuela’s Strategic Oil Fields
00:11:02 Dell Surges on AI Server Demand
00:13:33 Does Dell Strengthen the AI Spending Boom?
00:15:18 Dell, HPE & the AI Server Ecosystem
00:16:35 PC Prices Rise as Memory Costs Surge
00:20:46 Lemonade CEO on Autonomous Car Insurance
00:22:03 Pricing Insurance Based on How You Drive
00:23:56 Are Self-Driving Cars Really Safer?
00:25:01 Expanding Autonomous Insurance Beyond Tesla
00:26:50 Lemonade’s Pet Insurance Growth
00:28:48 Telematics & the Future of Auto Insurance
00:34:16 Bloomberg’s “Our Town” Podcast
00:35:21 A Small Tennessee Town Battles Newcomers
00:38:14 Following the Money Behind the “Aligned Community”
00:40:01 How Locals Are Fighting Back
00:44:02 Stock Movers: Uber Cuts 3,300 Jobs
00:45:52 PG&E Falls on California Wildfire Concerns
00:47:06 Sphere Entertainment Gets an Upgrade
——–
More on Bloomberg Television and Markets
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Changes are happening at Spotify and it goes beyond its C-suite.
On this episode of the Everybody’s Business podcast, Bloomberg reporter Ashley Carman joins Stacey Vanek Smith and Max Chafkin to discuss the music streaming platform’s bold new business plan of getting into… everything. We also talk about AI’s role in the future of music https://link.podtrac.com/ujb7ns2p
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@warsin8641
December 11, 2023 at 7:53 pm
Lisa carrying 😂
@grandmasteraduddell4634
December 11, 2023 at 7:53 pm
No such thing yet its all marketing hype, when the chip companies are shipping quantum compute chips then it will be hardware but right now AI is only S/W.
@thegrumpydeveloper
December 11, 2023 at 7:53 pm
Anyone who uses GPUs for ai knows that amd is behind nvidia for most benchmarks.
@shaunlunney7551
December 11, 2023 at 7:53 pm
This emerging Juggernaut has a bright future! Lisa Su sees the future and guides her company accordingly!
@satioOeinas
December 11, 2023 at 7:53 pm
Why is he interrupting so much? Not great
@Kneedragon1962
December 11, 2023 at 7:53 pm
The truly amazing thing about Lisa, is how multilingual she is. She obviously speaks English with a perfect West Coast accent, I'm sure she speaks Taiwanese just as fluently, but she speaks engineering, she speaks programming, she speaks silicon gates and digital logic, she speaks investor and return and franked-dividends and non-franked dividends and derivative futures and board level projections in ways Wall Street Anal-Lists will love, and she is equally fluent and convincing and personable in all of them, and she always knows which audience she's talking to. She can even speak Gamer_Boi, and that's an acquired taste. Lisa Su has one of the widest and most useful language repertoires of anybody I've ever seen, and she always has a way of sounding not just competent, not just informed, but board-level in any of them. She always knows which language she is expected to answer in.
@antikras666
December 11, 2023 at 7:53 pm
She looks like a medical doctor
@Democracyexposed
December 11, 2023 at 7:53 pm
AMD and Nvidia CEOs both Taiwanese American. Props to Taiwan. Not to mention TSMC is also from Taiwan. 🔥🔥
@fahadselem5880
December 11, 2023 at 7:53 pm
She is a goddess
@ReflectionOcean
December 11, 2023 at 7:53 pm
– Mi 300X's technological advancements and market potential (0:03)
– AMD's TAM forecast increase and its implications for the AI industry (2:38)
– AMD's focus on software development and partnerships for AI workloads (9:00)
@brytonkalyi277
December 11, 2023 at 7:53 pm
∆/ I believe we are meant to be like Jesus in our hearts and not in our flesh. But be careful of AI, for it is just our flesh and that is it. It knows only things of the flesh (our fleshly desires) and cannot comprehend things of the spirit such as peace of heart (which comes from obeying God's Word). Whereas we are a spirit and we have a soul but live in the body (in the flesh). When you go to bed it is your flesh that sleeps but your spirit never sleeps (otherwise you have died physically) that is why you have dreams. More so, true love that endures and last is a thing of the heart (when I say 'heart', I mean 'spirit'). But fake love, pretentious love, love with expectations, love for classic reasons, love for material reasons and love for selfish reasons that is a thing of our flesh. In the beginning God said let us make man in our own image, according to our likeness. Take note, God is Spirit and God is Love. As Love He is the source of it. We also know that God is Omnipotent, for He creates out of nothing and He has no beginning and has no end. That means, our love is but a shadow of God's Love. True love looks around to see who is in need of your help, your smile, your possessions, your money, your strength, your quality time. Love forgives and forgets. Love wants for others what it wants for itself. Take note, true love works in conjunction with other spiritual forces such as patience and faith (in the finished work of our Lord and Savior, Jesus Christ, rather than in what man has done such as science, technology and organizations which won't last forever). To avoid sin and error which leads to the death of our body and also our spirit in hell fire, we should let the Word of God be the standard of our lives not AI. If not, God will let us face AI on our own and it will cast the truth down to the ground, it will be the cause of so much destruction like never seen before, it will deceive many and take many captive in order to enslave them into worshipping it and abiding in lawlessness. We can only destroy ourselves but with God all things are possible. God knows us better because He is our Creater and He knows our beginning and our end. Our prove text is taken from the book of John 5:31-44, 2 Thessalonians 2:1-12, Daniel 7-9, Revelation 13-15, Matthew 24-25 and Luke 21. Let us watch and pray… God bless you as you share this message to others.
@wasd9929
December 11, 2023 at 7:53 pm
Lisa Su the goat 🐐
@ericwood3709
December 11, 2023 at 7:53 pm
Lisa Su has been to AMD like Steve Jobs was to Apple when he returned in the late 90s. Such a class act, such a legend in the space.
@johnyjsl9219
December 11, 2023 at 7:53 pm
A lot of what she said is just standard fluff and what you would expect from a CEO.
@ThePaballo1
December 11, 2023 at 7:53 pm
Well done on AMD on healthy AI portfolio, Ryzen AI, MI300 , XDNA. Watch out Nvidia. I think it’s time I hop on the AMD stock before it reaches 200USD per share.
@kirankumarsukumar
December 11, 2023 at 7:53 pm
The problem will not be the chips in the future. It will be power. Who has the energy to power all these datacenters ?
@BUY_YOUTUB_VIEWS_560
December 11, 2023 at 7:53 pm
in love with your voice 🥰
@AD-cy6br
December 11, 2023 at 7:53 pm
Lisa, and AMD is underrated imo
@ednan9
December 11, 2023 at 7:53 pm
Lisa Su has brought AMD from dead
@pallavivj
December 11, 2023 at 7:53 pm
Its not the processor speed its the software – that where Nvidia is way ahead
@jaym9846
December 11, 2023 at 7:53 pm
AMD AI is impeccable. Can't even tell she is rbot.