Elon Musk gatecrashes OpenAI restructuring

The US unveiled new tariffs to replace old ones, oil’s jump above $100 deepened a global bond sell-off, and thousands of supporters of the youth-led “Cockroach” movement in India continued protesting over problems in the education system. Plus, the European Central Bank held inte ...  Show more

Tesla reported its first cash burn in more than two years in the second quarter, and US oil refineries are running at full tilt as wars in the Middle East and Ukraine choke global supplies of fuels such as diesel. Plus, the UK consumer price index dropped in June, and Deutsche Ba ...  Show more

Musk, Tesla, more politics (0:20). Betting on Nvidia and the AI trade (2:55). Markets continue higher despite concerns (5:40). Financial earnings coming next week; sector showing strength (8:40).Show Notes:Nvidia hits $4 trillion market capNetflix Is Still KingMost Fed officials ...  Show more

Plus: China says Nvidia violated their antitrust law. And Tesla shares jump after Elon Musk makes $1 billion stock purchase. Zoe Kuhlkin hosts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertis ...  Show more

Bloomberg’s Caroline Hyde discusses the latest on Intel after President Donald Trump announced a 10% stake in the chipmaker. Plus, Elon Musk announces he's suing Apple and OpenAI, accusing the companies of thwarting competition. And the world of esports is set to get bigger with ...  Show more

On today's episode, once again, it's OpenAI and DOGE. And some other things! Nilay and David start the show by talking about Elon Musk's surprise bid to buy the nonprofit arm of OpenAI, along with the company's plans for new models and new rules for those models. After that, The ...  Show more