Bloomberg Businessweek

The people, companies and trends shaping the global economy.
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OpenAI is on track to generate annualized revenue of more than $40 billion based on its current performance, according to people familiar with the matter, roughly doubling its run rate from the end of 2025 and bolstering the company’s plans for a Wall Street debut. The ChatGPT maker’s revenue has accelerated in recent months, driven in part by the growth of its AI coding software, said the people, who spoke on condition of anonymity as the information is not public. The gains also reflect momentum from subscription sales and its nascent advertising business. Its core consumer business continues to grow, too. OpenAI declined to comment.
On today’s episode:
Rachel Metz, Bloomberg News AI Reporter
Chris Kennedy, Economic Statecraft Lead for Bloomberg Economics
Clara Gillispie, Senior Fellow for Climate and Energy at the Council on Foreign Relations
Jason Leopold, Bloomberg News Senior Investigative Reporter & Author of ‘FOIA Files’
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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.

Liberal democracy has failed its supporters on several key promises: when it stopped delivering shared prosperity; elevated a new college-educated elite; and drifted away from free expression and democratic self-government. In his new book, Nobel Laureate in Economics Daron Acemoglu argues that repairing liberal democracy is not the answer and offers a new framework: Working-Class Liberalism.

For more, Carol Massar and Tim Stenovec spoke with Daron Acemoglu, Nobel Laureate & MIT Institute Professor
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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

“SaaSpocalypse” was the buzzword in markets in the early months of the year, as new AI tools emerged to threaten the business models of software-as-a-service providers. A massive software selloff ensued in public markets and quickly spread to the world of private capital, where firms had spent billions upon billions of dollars stacking their portfolios with SaaS companies when interest rates were low.Suddenly those investments — built on the assumption that subscription revenue from software companies was ever-steady — looked like castles built on sand. fears that rapidly developing AI tools could replace existing tech products still have investors worried that a swathe of SaaS wagers could go sideways all at once. That could bring some nasty consequences for private equity firms, private credit lenders and also retail investors who have built exposure to software loans.

On today's episode:
Paula Seligson, Bloomberg News Senior Reporter
Lipi Sternheim, CEO of REalloys
Rudina Seseri, Founder and Managing Partner of Glasswing Ventures
Woo Jin Ho, Bloomberg Intelligence Senior Networking and Hardware Analyst
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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 market and tech sector are looking more signs of monetization in the AI Revolution to drive tech stocks further. There will be a waiting period until Nvidia earnings at end of month, but chip activity out of Asia has accelerated over the last month. Overall, it’s crystal clear AI models and data infrastructure heading into next phase of the buildout which is very important for tech sector. And software companies now should start to better participate.

For more, Carol Massar and Tim Stenovec speak with Dan Ives, Partner & Senior Managing Director at Yorkville Ives
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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

In-line July CPI readings gave US equities and Treasuries room to rise as markets relaxed after the data, even as Middle East uncertainty keeps energy shock tail risks alive. Core CPI rose 0.2% on the month, moving the annual rate to 2.5%, matching the slowest annual pace since March 2021. Combined with last week’s weak jobs report that pushed September hike odds to about 40% from roughly 50% before Wednesday’s release.
On today's episode:
Michael Ball, Bloomberg News Macro Strategist
Bob Diamond, CEO of Atlas Merchant Capita & Elliott Lorenz, Co-Founder & CEO of Edge Focus
Constance Hunter, Chief Economist at Economist Enterprise
Randall Williams, Co-Host of ‘Business of Sports’ Podcast
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