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

Carol and Tim speak with Toby Rice, president and CEO of EQT about how US natural gas drillers are scaling up to meet rising energy demands from AI and how the outlook for the natural gas industry looks in the aftermath of midterm elections.

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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

Anthropic is seeking a valuation of about $1.4 trillion in its initial public offering, a bid to make history as the first frontier artificial intelligence lab to go public. The Claude chatbot maker and its co-founders are looking to raise as much as $90.4 billion in the IPO and a private placement. The base offering would raise up to $64.4 billion, with shares marketed for $70 to $78 each, according to a filing on Tuesday with the US Securities and Exchange Commission. Anthropic is offering 801.4 million shares, while backers are selling 23.6 million shares.

On today’s episode:

• Anthony Hughes, Bloomberg News Equity Capital Market Reporter
• Matthew Luzzetti, Chief US Economist, Deutsche Bank
• Dave Lee, Bloomberg Opinion Columnist
• Melissa Smith, President & CEO, Wex

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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

25 years ago — when China entered the World Trade Organization — it kicked off an era of growth that would rapidly transformation the nation into a global superpower. China’s emergence as a high-income economy raises questions about its future, including who will succeed President Xi Jinping and how the country will continue to develop and grow. Bloomberg Businessweek Magazine has been covering the transformation since the start. Businessweek Editor Brad Stone discusses the country’s evolution, and what might be coming next.

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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’s investigation into Chief Executive Officer Jensen Huang’s affair with an alleged Chinese spy raises a series of once-unthinkable questions, including whether the man at the center of the AI boom is at risk of losing his job. Nvidia makes chips that are crucial to AI computing equipment and is one of the world’s most valuable businesses. Turmoil within the company risks reverberating through the broader industry.

On today’s episode:

• Ian King, Bloomberg News US Semiconductor Reporter
• Dave Lee, Bloomberg Opinion Columnist
• Rachel Metz, Bloomberg News AI Reporter
• Lynn Martin, NYSE Group President

See omnystudio.com/listener for privacy information.