Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
OpenAI shared several undisclosed incidents of its AI models misbehaving and unveiled a new framework for tracking and disclosing such occurrences going forward. Some of the previously unreported instances included OpenAI’s technologies concealing and fabricating information in order to return results, the company said in a blog post Wednesday. The ChatGPT maker has faced increased scrutiny since saying in July that some of its most advanced AI models had breached the systems of an external software company, Hugging Face. None of the newly disclosed misalignment incidents involved a hack or breach of a third party, OpenAI said in a separate statement.
In the report, OpenAI detailed various instances of its artificial intelligence models misbehaving in order to complete a task or succeed at an evaluation. Some examples included the models fabricating missing data, attempting to bypass network restrictions and AI agents sharing files with each other that they were supposed to keep private.
On today's episode, guest hosts Alexis Christoforous and Lisa Mateo speak with:
Shirin Ghaffary, Bloomberg News AI Reporter
Seema Shah, Chief Strategist at Principal Global Investors
Candi Wolff, Head of Global Government Affairs at Citi
Christine de Wendel, Co-Founder & US CEO at Sunday
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

The University of Kansas's David Booth Kansas Memorial Stadium is undergoing an $800 million renovation that includes luxury seats and amenities, showing how the new financial model in college sports resembles that of professional teams. Colleges are looking for new revenue sources, such as fancier facilities that can command higher ticket prices and host concerts and other events, to help pay for expenses like player compensation and coach salaries. Meantime, a bipartisan bill called the Protect College Sports Act aims to regulate the changing landscape of college sports by putting guardrails around name, image, and likeness deals and allowing schools to spend more on player retention, with the legislation likely to pass the Senate.

For more, guest hosts Alexis Christoforous and Lisa Mateo speak with Janet Lorin, Bloomberg News Higher Education Reporter.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Joe Magazine, Partner at Fortuna Investments & Miami Beach City Commissioner, examines how macroeconomic forces and government policy are influencing investment decisions in sectors including space, robotics, nuclear energy, critical metals and data centers. He also discusses the growth of Miami as a financial hub and how Fortuna seeks out opportunity in unconventional spaces.
Magazine speaks with hosts Carol Massar and Tim Stenovec from the sidelines of the Future Proof Festival in Huntington Beach, California.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with President Donald Trump. Following the US central bank’s first rate increase since July 2023, Warsh restated his concerns over inflation, saying too many categories of products and services were showing annualized price gains above 3% on a 6- and 12-month basis.

On today's episode, Carol Massar and Tim Stenovec come to you live from Future Proof in Huntington, California:
Michael McKee, Bloomberg News International Economics & Policy Correspondent
Stephanie Aliaga, Global Market Strategist at JPMorgan Asset Management
Manju Boraiah, Head of Systematic Fixed Income & Custom SMA Portfolio Management at Allspring Global Investments
Tracy Alloway and Joe Weisenthal, Co-Hosts of Bloomberg's Odd Lots Podcast
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Bloomberg's Tom Keene, Jon Ferro and Lisa Abramowicz discuss remarks from Fed Chair Kevin Warsh following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.
The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with President Donald Trump.
Wall Street traders drove stocks to the lowest since July on bets the Federal Reserve will keep raising rates to combat inflation after delivering its first hike in three years.
In his remarks to reporters, Fed Chair Kevin Warsh restated his concerns over inflation, saying too many categories of products and services were showing annualized price gains above 3% on a 6- and 12-month basis.
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