WEBVTT - Google AI Shakeup, Meta AI Model Hacks Another Company, More 

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<v Speaker 1>News when you want it with Bloomberg News Now, I'm

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<v Speaker 1>Dan Schwartzman. Google is losing some of its top names

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<v Speaker 1>in a shakeup that's casting doubt over leadership. More from

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<v Speaker 1>Bloomberg's Matt Piper.

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<v Speaker 2>Among those leaving Google Jeff Dean, a longtime Google employee

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<v Speaker 2>central to the development of the company's AI strategy. He

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<v Speaker 2>is departing to launch a startup and is bringing along

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<v Speaker 2>at least three other prominent DeepMind employees to his new venture.

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<v Speaker 2>Demisi Sabis, the head of Google deep Mind, is moving

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<v Speaker 2>into a chairman role and will assume the dual titles

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<v Speaker 2>of Chairman of Google deep Mind and Chief Scientists of Alphabet.

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<v Speaker 2>The changes in leadership may make it harder for Google

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<v Speaker 2>to recruit top talent and compete with rival labs in

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<v Speaker 2>New York. Matt Piper, Bloomberg Radio.

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<v Speaker 1>Major hedge funds are targeted by hackers who launched a

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<v Speaker 1>wave of sophisticated attacks targeting information systems at major money managers.

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<v Speaker 1>According to people familiar with the matter, Point seventy two

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<v Speaker 1>Asset Management, Millennium Management, Two Sigma Investments, and Citadel As,

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<v Speaker 1>while several private equity firms are known to have been targeted.

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<v Speaker 1>Cybercurity breaches on Wall Street have surge over the past year,

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<v Speaker 1>help by AI. Bloomberg's Hema Parmer has more on the

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<v Speaker 1>cyber attack attempt.

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<v Speaker 3>So this is called a vishing attack. It's like a

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<v Speaker 3>voice phishing. So the technology is when cyber hackers can

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<v Speaker 3>employ technology to mimic the voice and sound of people

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<v Speaker 3>on the phone to alert people into believing that it's

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<v Speaker 3>not a technology and have people reveal sensitive information. So

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<v Speaker 3>this vishing technology is becoming more prevalent.

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<v Speaker 1>That's Bloomberg's Hema Parmer. Meta Platforms said one of its

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<v Speaker 1>artificial intelligence models access the Internet and hacked into an

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<v Speaker 1>outside services systems during cybersecurity testing. Metas said its model

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<v Speaker 1>breach the systems of a third party service that identifying

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<v Speaker 1>the service. The AI model had access to the Internet

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<v Speaker 1>because of an error in the setup testing environment, which

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<v Speaker 1>Meta is working on with the cybersecurity vendor Irregular. This

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<v Speaker 1>follows similar breaches by OpenAI and Anthropic Model that have

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<v Speaker 1>escalated concerns about the company's control over their technology. President

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<v Speaker 1>Trump is preparing to impost tariff's and minimum prices on

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<v Speaker 1>imported polysilicon to boost domestic production of the material more

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<v Speaker 1>from Bloomberg's Laura davisin.

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<v Speaker 4>The Trump administration is getting ready to impose would be

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<v Speaker 4>a fifteen percent or so tariff on polysilicon, which is

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<v Speaker 4>an input that goes into both solar panels as well

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<v Speaker 4>as semiconductors as well as the derivative products, so also

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<v Speaker 4>imports of those products as well as well as some

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<v Speaker 4>price floors, so to kind of increase the product the

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<v Speaker 4>price of things that would be imported into the US.

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<v Speaker 4>You know, there's been a lot of speculation about exactly

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<v Speaker 4>how this will look, and there's still you know, kind

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<v Speaker 4>of discussions ongoing within the White House about how exactly

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<v Speaker 4>they want to structure this.

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<v Speaker 1>That's Bloomberg's Laura Davison. Turning to the latest in the

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<v Speaker 1>Middle East, Iran says it has negotiated a quote temporary

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<v Speaker 1>route for the passages ships through the Strait of Hormuz

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<v Speaker 1>with Oman. It's a deal that Iran says could remain

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<v Speaker 1>active for the next two to four months and does

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<v Speaker 1>not mean the full reopening of the strait. It also

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<v Speaker 1>meansclosure of any other temporary hormouse shipping routes, and Iran

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<v Speaker 1>says it has nothing to do with talks of the US.

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<v Speaker 1>Former State Department official Barbara Leaf says Iran is in

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<v Speaker 1>no hurry to make any deals with the US.

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<v Speaker 5>They don't have an indefinite amount of string to play

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<v Speaker 5>out here in terms of their own economic problems at home.

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<v Speaker 5>But they definitely feel that the pressure. The pressure is

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<v Speaker 5>rising on the US side faster than it is on

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<v Speaker 5>their side of the table. Since they don't have to

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<v Speaker 5>stand for elections, they don't really have to countenance what

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<v Speaker 5>the public wants.

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<v Speaker 1>That's former State Department official Barbara Leaf on balance of power.

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<v Speaker 1>President Trump has spoken repeatedly with Federal Reserve Chair Kevin Walsh.

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<v Speaker 1>That's according to report from the Wall Street Journal, Trump

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<v Speaker 1>has sought Worsh's council and arrange the matters that includes

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<v Speaker 1>how the war in Iran and the rapid rise of

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<v Speaker 1>artificial intelligence are affecting the economy. The journal also said

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<v Speaker 1>that Trump hasn't broached a topic of interest rates since

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<v Speaker 1>Warsh was confirmed by the Senate. Moderna has won US

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<v Speaker 1>regulatory approval for a flu vaccine based on mRNA technology,

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<v Speaker 1>a victory for the company after the shot at earlier

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<v Speaker 1>face Food and Drug Administration opposition. The immunization called Influsiva,

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<v Speaker 1>was approved for adults aged fifty and over. In a statement,

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<v Speaker 1>the company said it expected supply to be available in

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<v Speaker 1>select retailers in the coming weeks. Sand Disc report a

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<v Speaker 1>fourth quarter revenue and profit that surpassed analyst estimates. However,

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<v Speaker 1>shares slipped in late trading, that is, after the company's

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<v Speaker 1>forecast revenue outlook for the first quarter missed expectations. Here's

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<v Speaker 1>Jake Silverman, semiconductor analyst at Bloomberg Intelligence.

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<v Speaker 6>The most important thing for investors to keep in mind

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<v Speaker 6>right now is supply and demand, and so that's what

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<v Speaker 6>they're really looking at, is the pace of these upward

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<v Speaker 6>estimate revisions that we've seen on pricing for nand so

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<v Speaker 6>you know, the deceleration that we're seeing was expected, but

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<v Speaker 6>also investors want to see the rate not decellerate quite

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<v Speaker 6>at the same pace that it actually is.

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<v Speaker 1>That's Jake Silverman from Bloomberg Intelligence. Door Dash issued a

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<v Speaker 1>strong outlook, but it's also warning of heightened spending. More

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<v Speaker 1>from Bloomberg's Charlie Pellett.

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<v Speaker 7>Dordash cites a boom in paid subscribers who are ordering

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<v Speaker 7>takeout and grocery more frequently. DoorDash says it now plans

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<v Speaker 7>to put more money into its in house robotics efforts

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<v Speaker 7>to build delivery robots and drones, while adding it expects

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<v Speaker 7>human couriers to quote remain the backbone of its logistics

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<v Speaker 7>network for a very long time. There have been other

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<v Speaker 7>signs of the market for on demand deliveries as flourishing.

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<v Speaker 7>Earlier in the day, rival Uber posted results from its

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<v Speaker 7>delivery business that beat Wall Street expectations. Thursday, we hear

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<v Speaker 7>from Lyft after the close of trading in New York

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<v Speaker 7>Charlie Pellett Bloomberg Radio.

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<v Speaker 1>Senators confirmed the Trump administration's nominee to lead the Centers

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<v Speaker 1>for Disease Control and Prevention, making her the first permanent

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<v Speaker 1>director for the public health agency in almost a year.

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<v Speaker 1>Bloomberg's Amy Moore supports from Washington.

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<v Speaker 8>Erica Schwartz will take over at the CDC after she

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<v Speaker 8>gained bipartisan support. During her confirmation hearing last month, Senators

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<v Speaker 8>questioned Schwartz's autonomy from health and Human services to Director

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<v Speaker 8>Robert Kennedy's decisions. Schwartz says her first priority is to

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<v Speaker 8>restore trust in public health institutions through unwavering scientific integrity.

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<v Speaker 8>Schwartz takes over after CDC lost a quarter of its

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<v Speaker 8>staff and is responding to multiple public health threats, including ebola, measles,

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<v Speaker 8>and a food borne parasite in Washington. Amy Morris Bloomberg Radio, and.

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<v Speaker 1>That's news when you want it with Bloomberg News Now.

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<v Speaker 1>I'm Dan Schwartzman, and this is Bloomberg