Under new pressures over inflation and affordability, President Donald Trump has been talking up a plan to share tariff revenues with Americans, in the form of $2,000 checks. But there are several major problems with this plan — and he’s lacking support among some of his most ardent allies. On today’s Big Take episode, host Sarah Holder is joined by Bloomberg senior national political reporter Nancy Cook and US Treasury reporter Dan Flatley to discuss how Trump’s latest proposal fits into the economic debate that could define midterm elections – and how the Supreme Court, the Republican party and Trump’s own cabinet could throw a wrench in his plans. Read more: Trump’s $2,000 Tariff ‘Dividend’ Marks Throwback to Covid Checks Trump’s $2,000 Tariff Check Idea Draws Republican Resistance See omnystudio.com/listener for privacy information.
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Weekend Listen: The Godmother of AI, Fei-Fei Li
Stanford University Professor Fei-Fei Li has been at the forefront of artificial intelligence research for 25 years, which is why she’s been called the “godmother of AI.” In this conversation she tells Mishal Husain how she arrived in the US as a teenager after her parents decided to emigrate from China. She also talks about the high school teacher who inspired her and a deep love of physics, leading her to ask what she calls “audacious” questions. These days, amid her excitement about AI and its potential, she also is focused on what humans must do to build safeguards, and has a message for parents, too. 02:50 - AI is a “civilizational technology”04:15 - “Technology is a double-edged sword”05:45 - Being a tech CEO and an academic06:45 - Falling in love with physics08:00 - What is intelligence?08:40 - Finding my first North Star 09:45 - Fei-Fei Li’s two key breakthroughs14:52 - Moving from China to the US at 1515:48 - Running the family shop taught me resilience17:30 - “I wasn’t curious about nightclubs”18:20 - My inspirational teacher 22:20 - “China is a powerhouse in AI”23:00 - Creating 3D worlds with AI27:20 - AI and the jobs market28:40 - Are humans going to be replaced? 31:00 - “The machine overlord”32:45 - What should parents tell their children? 34:40 - The AI bubble36:00 - Powering the big data centres AI needs37:20 - “I’m not a tech utopian or a dystopian”38:00 - “My one worry is our teachers”39:20 - “I’m conscious of my responsibility”41:28 - Fei-Fei Li believes in timeless human values42:00 - “My favourite book these days is Harry Potter”Watch this podcast here: https://www.youtube.com/playlist?list=PLe4PRejZgr0Ns_wjGlmjlPz0cded0nTYSYou can find the written version of this interview with Mishal’s notes on Bloomberg Weekend: https://www.bloomberg.com/latest/weekend-interviewSee omnystudio.com/listener for privacy information.
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Harassment Concerns at Oxford Went Unaddressed for Years
Oxford University has repeatedly been slow to act when confronted with allegations of harassment, assault and inappropriate behavior by male academics, a new Bloomberg investigation has found. Katherine Griffiths, the city editor of Bloomberg’s London bureau, spoke to dozens of academics, staffers and women who have studied at Oxford to understand how the storied institution has handled misconduct concerns — and why it lags behind its peers. On this episode of the Big Take podcast, she shares her findings about the barriers to addressing misconduct at Oxford, and the lasting consequences for women. Read more: Oxford University Has Failed Women Over Harassment Concerns, Staff SaySee omnystudio.com/listener for privacy information.
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Nvidia Silences AI Skeptics (For Now)
Nvidia released its third quarter earnings Wednesday, crushing estimates and easing Wall Street’s concerns about an AI bubble. On today’s Big Take podcast, Bloomberg Tech’s Ed Ludlow sits down with David Gura to discuss his post-earnings interview with Jensen Huang – what the Nvidia CEO had to say about the company’s breakneck growth, so-called circular deals, and potential expansion into China. Read more: Nvidia’s Huang Says Company Has Plenty of New Chips to Sell It's OK, Nvidia Says There's No AI Bubble See omnystudio.com/listener for privacy information.
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The Hot Market for Jobs No One Wants
After a period characterized as “low-hire, low-fire,” the American labor market is seeing a surge of layoffs from companies like Amazon, Starbucks, UPS and Target. And that’s pushing more job applicants towards traditionally less-desirable occupations, like substitute teaching, traffic flagging and waste management. Today on the Big Take, Sarah Holder is joined by economic reporter Mike Sasso to discuss what’s happening in this often-overlooked corner of the labor market and what it means for the economy overall. Read more: The Job Market Is Heating Up — for Jobs That People Usually Don't WantSee omnystudio.com/listener for privacy information.
The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.
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