Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Chinese AI pioneer Moonshot unveiled a new model that it claims performs on par with some of the top-tier platforms from OpenAI and Anthropic PBC, the latest sign that the Asian country’s artificial intelligence labs are closing a technology gap with the US.
Moonshot released Kimi K3 Friday, touting benchmarks comparable to some of the US labs’ best offerings. The model is open weight, meaning its parameters are available for users to download and customize, and outperforms all rivals except Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6 on overall capability, it said.
Moonshot’s latest platform underscores how rapidly China’s AI race is evolving beyond a competition on price alone. Moonshot priced Kimi K3 at roughly Anthropic Sonnet levels, showing the company believes it can charge a premium to other Chinese models given its capabilities.
On this episode, Carol Massar and guest host Emily Graffeo speak with:
Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
Seth Fiegerman, Bloomberg News AI Editor
Miguel Lorenzo, Senior Vice President of Sports Content, NBCUniversal Telemundo Enterprises on NBCU Telemundo's and Peacock's FIFA World Cup success, ratings performance and overall strategy
Jason Leopold, Bloomberg News Senior Investigative Reporter, FOIA Files newsletter author and executive producer on the Paramount documentary 'The Real Wolf of Wall Street'
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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.

Generative AI is rapidly automating basic coding, freezing junior hiring and dismantling the traditional tech career ladder. By erasing entry-level roles to maximize short-term productivity, companies are cutting off the very rungs needed to train the next generation of senior system architects.

For more on their partnership, Carol Massar and Tim Stenovec spoke with Mark Milian, Bloomberg Businessweek Deputy Editor
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Netflix forecast a second consecutive quarter of slowing sales growth, feeding investor anxiety about the streaming giant’s future.

The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations. The shares fell as much as 9% in after-hours trading.Second-quarter results were in line with Wall Street’s consensus, but most of the attention has been on future performance.

Shares in Netflix have declined more than 40% over the last year, as the company’s pursuit of Warner Bros. Discovery Inc. and subsequent financial results have caused investors to worry that the leader in streaming has lost momentum.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Carol Massar speak with:
Felix Gillette, Bloomberg News Media and Entertainment Editor
Eric Clark, Portfolio Manager, LOGO ETF and CIO, Accuvest Global Advisors
Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst
Ed Ludlow, Bloomberg Tech Host
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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 US launched fresh strikes against Iran on Thursday, the fifth straight day of attacks as shipping traffic slumped in the critical Strait of Hormuz.The attacks began at 2 p.m. ET, according to US Central Command, with US forces aiming to “further degrade Iranian military capabilities.”Iran responded to earlier strikes by firing at American bases in Kuwait and Jordan, with the Kuwaiti Armed Forces warning of explosions as a result of air-defense systems intercepting hostile targets.

On this episode, Carol Massar and Tim Stenovec speak with:
Nick Wadhams, Bloomberg News National Security Reporter
Ed Ludlow, Bloomberg Tech Host on TSMC, renewed/continuing AI trade worries
Madison Muller, Bloomberg News Healthcare Reporter on Lilly Strikes $3.8B Deal for Psychedelic Drugmaker and Merck’s $3,800-a-Year Cholesterol-Cutting Pill Gets FDA Nod
David George, Senior Research Analyst at Baird
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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 global study of more than 13,000 workers finds major life events – from returning to work after becoming a parent, to getting divorced and losing a loved one – can have a significant impact on people's health and wellbeing, contributing to an estimated $636 billion in lost productivity and 1.7 billion working days lost globally each year. Economic modelling suggests earlier mental health support before or during major life events could save $42 billion and recover 108 million working days annually. Those who took proactive steps such as talking to friends and family, seeking professional support or speaking to a healthcare provider, took an average of five fewer days off work due to better health, with 7 in 10 wishing they had taken earlier action to support their mental health before or during a major life event. Findings reveal a significant opportunity to improve health, boost the economy and help people navigate life's biggest moments through earlier mental health support.

For more, Carol Massar and Tim Stenovec speak with Sam Miley, Head of Forecasting and Thought Leadership at the Centre for Economics and Business Research and Andrea Christie-David, Director of Mental Health at Bupa, an international private healthcare company
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