AI Bias Analysis
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Former US Energy Secretary Ernest Moniz discusses the high likelihood of increased inflation if the conflict in Iran persists, and why the US should be prepared for a 'very long impact.' He talks with Romaine Bostick and Isabelle Lee on "The Close." (Source: Bloomberg)
Source
Bloomberg Markets
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Broadcom said it agreed to produce future versions of Google artificial intelligence chips, and announced an expanded deal with Anthropic.
Just because the U.S. is a net exporter of certain fuels doesn’t mean its economy won’t feel some serious blowback from higher global energy costs driven by the conflict in Iran.
Phillips 66 estimated nearly $1 billion in losses from its short position in oil and other related commodity derivative contracts in the first quarter as the war in Iran sent crude and fuel prices skyrocketing.
Goldman Sachs Group Inc. says a reliance on stickier, more patient institutional investors, rather than wealthy individuals, helped its $15.7 billion private credit fund narrowly escape the broader exodus plaguing peers this year.