Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Nvidia Corp. is searching for a permanent replacement for Chief Executive Officer Jensen Huang after his ouster following revelations of multiple extramarital affairs. Andy West, Senior Partner at McKinsey and author of the new book ‘Strategy and Value’ discusses what is needed to facilitate a good CEO transition when one is in flux.
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Bobby Jain, the CEO and CIO of Jain Global, has spent much of his career inside some of the biggest names in finance from Credit Suisse to Millennium before striking out to build his own hedge fund. Now, he has gone back into a partnership with Millennium and says his decision signals where hedge funds are heading.

In an exclusive interview with Bloomberg's Nishant Kumar, Jain explains what was he trying to build and why scale matters more than ever. He talks about how AI could accelerate consolidation, the math behind multistrategy hedge fund giants and the fees they charge, the rise of SMAs, the fierce war for talent and his ideal trader. Jain also discusses his childhood in Queens, his love of reading and what he wants to build over the next decade.
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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
Nvidia CEO Jensen Huang was ousted from his post after reports of two affairs, including one with a woman suspected of spying for China. Huang, one of the three engineers who founded the chipmaker in 1993, had been under intense pressure since Sunday, when he admitted to a romantic relationship with Alice Huang, a former executive at the Singapore-based data center firm Megaspeed International. The Nvidia turmoil rippled through the entire artificial intelligence sector on Thursday, dragging down shares of semiconductor companies.
On today’s episode:
Emily Chang, Host & Executive Producer of Bloomberg’s ‘The Circuit’
Ed Ludlow, Bloomberg Tech Co-Host
Jay Goldberg, Senior Analyst, Semiconductors & Electronics at Seaport Research Partners
Nina Trentmann, Bloomberg News Senior Editor & CFO Briefing Editor
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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
Take-Two Interactive Software Inc. Chief Executive Officer Strauss Zelnick left 20th Century Fox to join the video-game industry, becoming the pre-revenue CEO of Crystal Dynamics in 1993. Since an investor group led by Zelnick took control of Take-Two in March 2007, the shares have soared 12-fold. That’s thanks to successful game franchises like BioShock, Red Dead Redemption and Borderlands. The biggest of them all is set to launch on Nov. 19 when Take-Two’s Rockstar Games unit releases Grand Theft Auto VI, the latest iteration of the modern-day gangster title. Bloomberg News Media and Entertainment Team Lead Chris Palmeri discusses the games past and expected successes.
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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

A gauge for emerging-market stocks rose for a third day, led by Asian chipmakers, as strong CoreWeave sales and signs of demand for Anthropic’s planned IPO fueled optimism over AI spending. CoreWeave shares gain as much as 18%, in biggest jump since August, after the cloud-computing provider boosts its annual revenue forecast. Analysts said the results ease worries about the company’s financing, although concerns remain.

On today’s episode:
Brody Ford, Bloomberg News Tech Reporter
Bailey Lipschultz, Bloomberg News Senior IPO Reporter
Jenny Rooke, Genoa Ventures Founder & Managing Director
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