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OpenAI Holds Back Astra Over Safety Risks, Iran Doubts US Deal Before Midterms

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OpenAI is holding back a version of its Astra model while it establishes stronger safeguards for artificial intelligence development, flagging heightened risks after a spate of recent rogue AI hacking incidents.

Blooomberg has learned Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington and reopen the Strait of Hormuz before US midterm elections in November.

Goldman Sachs has reportedly discussed a plan for John Waldron to succeed David Solomon as CEO as next year. The board has discussed a plan where Waldron, who is currently COO, would succeed David Solomon as CEO as early as next year, the Wall Street Journal reported.

Today’s guests: Brad Rogoff, Barclays Global Head of Research; Sherif Foda, NESR CEO; Paul Zwillenberg, Kantar CEO; Kanishka Narayan, UK Artificial Intelligence Minister

—
“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
00:00:24 – Oil extends gain on Iran uncertainty
00:04:17 – OpenAI scraps debut of latest Astra model over safety risks
00:07:52 – Brad Rogoff, Barclays Global Head of Research
00:16:52 – Sherif Foda, NESR CEO
00:23:53 – Tuesday headlines
00:24:35 – Paul Zwillenberg, Kantar CEO
00:32:34 – Starship reaches orbit for first time
00:37:05 – Kanishka Narayan, UK Artificial Intelligence Minister
00:44:01 – Goldman board discussed naming Waldron CEO as early as 2027: WSJ
——–
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Tesla Sales Top Estimates for Third Quarter

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Elon Musk’s Tesla delivered 486,532 vehicles in the third quarter topping the estimate of 463,761. Sales are still down from a year ago. Bloomberg’s Craig Trudell reports.
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Biden Targets Chinese Chipmakers Getting US Funds

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The Biden administration is set to unveil restrictions on new operations in China for semiconductor makers getting federal funds to build in the US, according to officials at the Commerce Department. Meanwhile, China’s new ambassador to Japan arrived in the country on Tuesday to take up his post, where there are myriad challenges to address on everything from semiconductors to Taiwan. Jodi Schneider reports on Bloomberg Television.

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AI Buildout Powers On Despite Safety Concerns

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Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.

Chapters:
00:00:00 – Insight with Haslinda Amin Begins
00:01:13 – Asia stocks rise, bonds steady before US inflation
00:04:59 – IIF Deputy Chief Economist Ashok Bhundia on OpenAI funding plans
00:10:13 – Ashok Bhundia on Fed policy and Asian central bank responses
00:15:54 – Trump spurns AI rules, opts for voluntary audits after CEO lunch
00:16:33 – OpenAI targets $30B in funding at $1.4T value
00:20:21 – Targeted stimulus and the outlook for Chinese tech stocks
00:23:56 – Major tech CEOs discuss AI safety risks at White House event
00:25:17 – France’s Legrand expects no slowdown in AI data center buildout
00:25:40 – Legrande CEO Benoît Coquart on AI data center demand
00:34:40 – Benoît Coquart on the AI infrastructure cycle
00:36:09 – HK tourism chief Rosanna Law on diversifying visitor offerings
00:40:09 – Singapore, Malaysia cloaked in haze before key sports events
00:43:02 – Indian stocks are breaking long-held supports as selloff deepens
——–
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The Bank of Japan’s Hardest Decision in Decades

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The Bank of Japan is facing its toughest call in decades.

With the yen sliding, volatility spiking and regional growth fragile, the stakes couldn’t be higher. Anthony Stephens has more.
——–
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Biden Halts LNG Export Approvals, Manchin Vows Probe

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The Biden administration halted the approval of new licenses to export US liquefied natural gas while it scrutinizes how the shipments affect climate change, the economy and national security. Senator��Joe Manchin��blasted the move, vowing to use his power as the chairman of the Senate Energy and Natural Resources Committee to investigate.��Kailey Leinz and Will Kennedy have more.

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