Shares in OpenAI partners such as SoftBank and Oracle slumped after the Wall Street Journal reported that the artificial intelligence startup recently failed to meet targets for sales and new users, reviving worries about spending ahead of tech earnings.
SoftBank tumbled almost 10% in Tokyo, while CoreWeave and Oracle fell by more than 7% in US premarket trading. Although OpenAI has struck deals with dozens of firms, markets tend to focus on a smaller subset of major partners including Nvidia, SoftBank, Oracle, Microsoft, CoreWeave and Advanced Micro Devices as investment proxies for the creator of ChatGPT.
Today's guests:
Nicolai Tangen, CEO Norges Bank Investment Management; Huw van Steenis, Oliver Wyman, Partner and Vice Chair; Stefano Domenicali, Formula 1 CEO and President.
---
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 - The Pulse with Francine Lacqua Live from Oslo
00:02:25 - Nicolai Tangen, Norges Bank Investment Management CEO
00:16:09 - Barclays: Volatility drives equities revenue up
00:18:18 - Huw van Steenis, Oliver Wyman Vice Chair
00:25:19 - Tuesday headlines
00:25:48 - Trump discusses Iran's peace proposal with aides
00:29:55 - OpenAI misses its own user and sales goals: WSJ
00:32:07 - BP profit jumps on Iran war oil trading boom
00:34:20 - Shell's ARC deal seen as win for Canada's Carney
00:37:11 - Stefano Domenicali, Formula 1 CEO and President
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More on Bloomberg Television and Markets
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SoftBank tumbled almost 10% in Tokyo, while CoreWeave and Oracle fell by more than 7% in US premarket trading. Although OpenAI has struck deals with dozens of firms, markets tend to focus on a smaller subset of major partners including Nvidia, SoftBank, Oracle, Microsoft, CoreWeave and Advanced Micro Devices as investment proxies for the creator of ChatGPT.
Today's guests:
Nicolai Tangen, CEO Norges Bank Investment Management; Huw van Steenis, Oliver Wyman, Partner and Vice Chair; Stefano Domenicali, Formula 1 CEO and President.
---
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 - The Pulse with Francine Lacqua Live from Oslo
00:02:25 - Nicolai Tangen, Norges Bank Investment Management CEO
00:16:09 - Barclays: Volatility drives equities revenue up
00:18:18 - Huw van Steenis, Oliver Wyman Vice Chair
00:25:19 - Tuesday headlines
00:25:48 - Trump discusses Iran's peace proposal with aides
00:29:55 - OpenAI misses its own user and sales goals: WSJ
00:32:07 - BP profit jumps on Iran war oil trading boom
00:34:20 - Shell's ARC deal seen as win for Canada's Carney
00:37:11 - Stefano Domenicali, Formula 1 CEO and President
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
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More from Bloomberg:
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Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
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