Google Deepmind CEO, Demis Hassabis, has told Bloomberg that, despite the hype, DeepSeek’s AI model is not a significant technological breakthrough. He was speaking alongside James Manyika, Google’s Senior Vice President of Technology & Society at the AI Action Summit in Paris, which has attracted world leaders and tech executives. Meanwhile, US President Donald Trump plans to impose 25% tariffs on all imports of steel and aluminum into the US. Trump said the tariffs would apply to imports of both metals from all countries, including major suppliers Mexico and Canada. He didn’t specify when the duties would take effect. The president also said he would announce reciprocal tariffs this week on countries that tax US imports. Those would be enacted “almost immediately” after an announcement, Trump said, without providing further detail.

Today’s guests: Laura Cooper, Nuveen; Kristrún Frostadóttir, Iceland Prime Minister; Demis Hassabis, DeepMind CEO/Co-Founder; James Manyika, Google
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“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:01:50 – US to slap 25% tariffs on steel, aluminum
00:05:39 – Laura Cooper, Nuveen
00:13:39 – Laura Cooper, Nuveen
00:18:08 – ECB’s Vujcic on Trump tariffs, rates path, 2025 outlook
00:22:39 – Demis Hassabis, DeepMind CEO & James Manyika, Google
00:32:04 – BP shares jump after Elliott builds stake
00:34:31 – Scholz, Merz clash in election TV debate
00:40:43 – BYD due to give autopilot update
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More on Bloomberg Television and Markets

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