Bloomberg Talks

Bank of America Chairman and CEO Brian Moynihan says the bank has a clear path to resolving issues tied to a $1.2 billion Treasury penalty and is already carrying out remediation work. Speaking to Jonathan Ferro on Bloomberg Businessweek Daily, Moynihan says the bank plans to spend $300 million to $500 million on AI initiatives this year while working with technology companies on safeguards for agentic payments.
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OpenAI Chief Financial Officer Sarah Friar says European businesses are trailing when it comes to AI adoption. Speaking to Bloomberg's Tom Mackenzie at the International AI Summit in Dublin, Friar also discussed recent concerns around safety and security, telling Tom that the firm is 'doubling down' on safety and alignment and is holding back its next-generation model while it carries out additional checks.
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Chuck Robbins, the Chair & CEO of Cisco welcomes India's semiconductor capacity. Speaking at a panel on tech sovereignty with Haslinda Amin at Bloomberg's New Economic Forum, he says its important for companies to work closely with governments. He spoke about the sovereign critical infrastructure his company has launched in countries to exercise control over systems.
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Wells Fargo CFO Mike Santomassimo discusses the bank's third-quarter earnings and the outlook for M&A with Bloomberg's Scarlet Fu.
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KKR Partner Alisa Wood tells Bloomberg's Dani Burger that she sees a record year for PE exits.
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