WEBVTT - August 4, 2026: SpaceX Weighed By AI Spend, OpenAI-Anthropic New Security Breach, 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. A lot of earnings after the Bell. SpaceX's

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<v Speaker 1>revenue exceeded Wall Street's estimates in the company's first quarterly

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<v Speaker 1>financial report following its blockbuster initial public offering in June.

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<v Speaker 1>Elon Musk's space company reported revenue of seven point eight

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<v Speaker 1>billion dollars. That's greater than the six point eight one

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<v Speaker 1>billion analysts expected on average, but shares of SpaceX are

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<v Speaker 1>lower and late trading after the company announced over eighteen

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<v Speaker 1>billion dollars in spending on AI. Here's Bloomberg's Max Chafkin.

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<v Speaker 2>SpaceX dominates one part of what it does, the launch business.

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<v Speaker 2>It launches a huge percentage of the total amount of

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<v Speaker 2>mass into space. Elon Musk was just bragging about that.

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<v Speaker 2>But a lot of these future businesses that he is

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<v Speaker 2>talking about, renting out data center capacity, making large language models,

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<v Speaker 2>they have nothing to do with that. So you're sort

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<v Speaker 2>of what you're sort of wondering as an investor, are

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<v Speaker 2>they going to be able to bring that same level

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<v Speaker 2>of dominance to this other field where they are also

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<v Speaker 2>in a lot of ways behind.

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<v Speaker 1>That was Bloomberg's Max Chafkin. The earnings report follows the

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<v Speaker 1>announcement that SpaceX is partnering within VideA to design the

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<v Speaker 1>star Mind satellite compute payload. The company said each of

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<v Speaker 1>the Starmind satellites will include in Video, Rubin GPUs and

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<v Speaker 1>Vera CPUs. Advanced micro Devices disappointed investors with its latest

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<v Speaker 1>sales outlook, a sign that shareholders expected more of a

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<v Speaker 1>return from the global expansion of AIDATA centers. Here's Bloomberg's

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<v Speaker 1>ed Ludlow.

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<v Speaker 3>It's a simple story with the third quarter revenue outlook,

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<v Speaker 3>which was thirteen billion dollars plus minus three hundred million,

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<v Speaker 3>just wasn't good enough relative to the most bullish expectations

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<v Speaker 3>of the street. You know, AMD's up one hundred and

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<v Speaker 3>forty percent year today going into this. It's a simple story,

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<v Speaker 3>like people want to see outperformance AMD closing the gap

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<v Speaker 3>them Video because in Videa's growth is still so high

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<v Speaker 3>and they just didn't clear that higher bar hurdle when

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<v Speaker 3>you think about the sort of top end of estimates.

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<v Speaker 1>That's Bloomberg's ed Ludlow. AMD shares fell about seven percent

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<v Speaker 1>and after ours trading del Marvel Intel shares also lower

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<v Speaker 1>and after ours trading. Following AMD's earnings report, paramount Skydance

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<v Speaker 1>posted a surprise surge in second quarter profits, with cost

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<v Speaker 1>cutting from its merger last year continuing to pay off.

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<v Speaker 1>Artificial intelligence models from open Ai and Anthropic were involved

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<v Speaker 1>in previously unreported cybersecurity incidents. That's according to the UK

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<v Speaker 1>government's AI Security Institute. The agency said those AI models

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<v Speaker 1>had engaged in sustained, potentially harmful activity directed at real

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<v Speaker 1>people and organizations. Separately, OpenAI said that another cybersecurity model

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<v Speaker 1>incident occurred during an AI model evaluation with a regular

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<v Speaker 1>and external cybersecurity company that also works with Anthropic. In

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<v Speaker 1>this incident, OpenAI's models were undergoing a different cyber evaluation

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<v Speaker 1>and took advantage of a quote misconfiguration in the testing

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<v Speaker 1>environment to access the Internet and exploit a website. The

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<v Speaker 1>companies said these new incidents are separate from a previously

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<v Speaker 1>disclosed case involving hugging face. We got reaction from a

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<v Speaker 1>tired Lieutenant General Karen Gibson, former Deputy Director of National Intelligence.

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<v Speaker 1>She says technology is advancing faster than policy, and.

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<v Speaker 4>This is an area where, for a variety of reasons,

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<v Speaker 4>we've been challenged collectively in coming up with the kind

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<v Speaker 4>of policy safeguards that would allow us to safeguard our

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<v Speaker 4>nation and our critical infrastructure, and yet still be a

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<v Speaker 4>leader in terms of innovation. There is a tension there

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<v Speaker 4>between the two.

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<v Speaker 1>Retired Lieutenant General Karen Gibson, former Deputy Director of National Intelligence,

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<v Speaker 1>speaking on Bloomberg's balance of power, open AI says it

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<v Speaker 1>plans to review its third party testing approach and convene

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<v Speaker 1>industry stakeholders incoming weeks. The US, Iran, and Oman are

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<v Speaker 1>portally closing in on an interim agreement to reopen the

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<v Speaker 1>Straight or Horror Moves, with the US aiming for a

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<v Speaker 1>Wednesday announcement. Axios supporting the emerging deal would meet some

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<v Speaker 1>of Iran's demands for greater control over traffic in the strait,

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<v Speaker 1>control it didn't have before the war. At the same time,

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<v Speaker 1>the deal under discussion sets up a temporary arrangement between

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<v Speaker 1>Oman and Iran in the Hormuz Strait, which could be

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<v Speaker 1>extended and includes terms for ship traffic and clearing naval mines.

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<v Speaker 1>Sources tell The Washington Post that the CDC is expanding

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<v Speaker 1>the largest known US cyclospora outbreak to fifteen states, Missouri

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<v Speaker 1>and five of the states have been added to the

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<v Speaker 1>CDC's list as investigators continue to trace the outbreak to

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<v Speaker 1>shredded iceberg lettuce source from Central Mexico. Health officials support

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<v Speaker 1>many of those patients reported eating at Taco Bell. Meantime,

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<v Speaker 1>Chipotle has taken Halapino's off their menus in multiple locations

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<v Speaker 1>in Minnesota after learning the peppers may be linked to

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<v Speaker 1>salmonella outbreak in the state. The chain removed the suspect

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<v Speaker 1>halapinos from all of its stores that received the product

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<v Speaker 1>while assisting with the probe of the outbreak by Minnesota

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<v Speaker 1>health officials. The Senate Judiciary Committee has voted to advance

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<v Speaker 1>Todd Blanche's bid to become the next Attorney General. Bloomberg

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<v Speaker 1>Zamy Morris supports from Washington.

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<v Speaker 5>Two Republican holdouts, Senators John Cornyn and Tom Tillis, voted

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<v Speaker 5>to support Blanche's nomination after he killed the president's payout fund.

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<v Speaker 5>In writing, Senator Cornyn.

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<v Speaker 6>A roughly one point eight billion dollar way compianization fund

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<v Speaker 6>is dead, and of course I expect them to live

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<v Speaker 6>up to that in any future litigation.

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<v Speaker 5>Ranking Democrat Dick Durbin said the deal could easily be

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<v Speaker 5>undone by President Trump.

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<v Speaker 6>Simply his word is not enough, not even for some

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<v Speaker 6>of my Republican friends, and the cop beater's fund can

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<v Speaker 6>easily be revived with a new order from the Department

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<v Speaker 6>of Justice. Fifteen minutes after mister Blanche is confirmed as Attorney.

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<v Speaker 5>General, Blanche's nomination now heads to the full Senate in Washington.

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<v Speaker 5>Amy Morris Bloomberg Radio, and we're.

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<v Speaker 1>Learning that main Republican Senator Susan Collins will vote against

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<v Speaker 1>Blanche's nomination to be attorney General. The House Ethics Committee

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<v Speaker 1>said it had opened an investigation into domestic abuse allegations

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<v Speaker 1>against Ohio Republican Representative Max Miller. The committee is reviewing

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<v Speaker 1>whether Miller quote may have engaged in domestic violence, an abuse,

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<v Speaker 1>or illegal drug use. Miller spoke to CNN amit abuse allegations.

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<v Speaker 7>And so for no second am I going to sit

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<v Speaker 7>here and continue to be debased by false and baseless

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<v Speaker 7>allegations and be pushed out of his seat. I have

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<v Speaker 7>worked so hard to represent and done a terrific job

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<v Speaker 7>for our community.

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<v Speaker 1>That's Ohio Representative Max Miller speaking to CNN. Senator Bernie Moreno,

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<v Speaker 1>his former father in law, and other fellow Republicans have

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<v Speaker 1>called for Miller to resign his House seat. It's primary

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<v Speaker 1>election night in five states. All eyes though on Michigan,

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<v Speaker 1>where moderate Hailey Stevens and progressive Abdul al Sayed are

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<v Speaker 1>neck and neck in a Democratic Senate primary, elswhere and Virginia.

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<v Speaker 1>Retired army officer Burt Mizuzawa won the Republican Senate primary.

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<v Speaker 1>He will face Democratic Senator Mark Warner in the November

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<v Speaker 1>general election. In Missouri, Representative Wesley Bell has won a

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<v Speaker 1>rematch in a Democratic primary against former reb Cory Bush.

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<v Speaker 1>And 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