At the 2026 World Artificial Intelligence Conference China’s Moonshot AI unveiled its Kimi K3 model, intensifying concerns that Chinese developers are rapidly narrowing the AI gap with US rivals while offering lower cost. Bloomberg News China Correspondent Minmin Low and Bloomberg News Technology and Strategic Industries Senior Editor Mike Shepard join Bloomberg This Weekend and discuss how more open models are forcing investors to reassess massive spending on AI infrastructure.
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Grad PLUS loans were created in 2006, allowing graduate students to borrow up to the full cost of attendance. Total borrowing rose from about $2 billion in the program’s first year to over $15 billion in 2024–25, but beginning July 1, 2026, new borrowers will face annual loan caps, leaving a funding gap for students and universities alike. Supporters say the limits will curb overborrowing and tuition growth; critics warn they could push students toward private loans and reduce access to lower-paying fields.
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Unlike their parents’ generation, many young South Koreans can’t afford to buy a home, especially in Seoul. One solution, for some, has been to dabble in risky assets like crypto and leveraged ETFs. But does the promise of a windfall outweigh the potential losses? Bloomberg’s Haram Kim reports.

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University of Pennsylvania classics professor Emily Wilson says Christopher Nolan’s adaptation of The Odyssey is introducing a new generation to Homer, driving a surge in book sales, library checkouts and interest in studying the classics. Wilson says diverse audiences and fresh perspectives continue to enrich the interpretation of ancient texts, while emphasizing that every translation begins with the original Greek rather than previous English versions.
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Rafael Mariano Grossi, the Argentine head of the International Atomic Energy Agency in Vienna, says there needs to be guardrails around how countries could use autonomous weapons, but innovation can’t be stifled. He speaks during a town hall event moderated by Bloomberg Television in the UN’s General Assembly chamber.
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