1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market harnessing the power of Bloomberg Data. 4 00:00:16,480 --> 00:00:18,960 Speaker 3: Let's take a look at some stocks in the move today. 5 00:00:19,360 --> 00:00:23,200 Speaker 3: I'm Tom Keen with Paul Sweeney and Bloomberg's John Tucker. 6 00:00:23,440 --> 00:00:26,120 Speaker 3: It's a moonshine and needs to be discussed on our 7 00:00:26,120 --> 00:00:27,800 Speaker 3: Stock Movers with John Tucker. 8 00:00:28,000 --> 00:00:32,360 Speaker 1: It's Harmunk, New York based IBM investing in a startup 9 00:00:32,400 --> 00:00:36,159 Speaker 1: of startup you know as Anthropic. Who's Anthropic? They're the 10 00:00:36,200 --> 00:00:42,120 Speaker 1: guys behind Claude. Who clad Whose Claude. That's the family 11 00:00:42,159 --> 00:00:46,559 Speaker 1: of large language models. I'm gonna try to explain this. 12 00:00:46,720 --> 00:00:50,680 Speaker 1: IBM's AI first Integrated Development Environment is a tool for 13 00:00:50,720 --> 00:00:55,800 Speaker 1: helping programmers code, So they're going to incorporate Claude. It's 14 00:00:55,880 --> 00:01:00,720 Speaker 1: available to more than six thousand early adopters AI models 15 00:01:00,720 --> 00:01:04,480 Speaker 1: from Anthropic. It's eventually going to use another IBM offerings 16 00:01:04,520 --> 00:01:08,000 Speaker 1: as well. Now, one of the most promising cases for 17 00:01:08,160 --> 00:01:13,479 Speaker 1: AI is so called vibe coding. This uses AI powered 18 00:01:13,520 --> 00:01:17,600 Speaker 1: tools to make software development more efficient and it allows 19 00:01:17,760 --> 00:01:21,600 Speaker 1: layman like ARMANK president Johnny Depp to try their hand 20 00:01:21,640 --> 00:01:24,760 Speaker 1: at programming, and of course AI has already changed the 21 00:01:24,760 --> 00:01:27,679 Speaker 1: way that programmers do their jobs. I would argue, I 22 00:01:27,760 --> 00:01:31,600 Speaker 1: know somebody here at Bloomberg LP whose name happens to 23 00:01:31,600 --> 00:01:37,399 Speaker 1: be of the entrance, who swears that programmers only the 24 00:01:37,440 --> 00:01:40,320 Speaker 1: best ones are going to have jobs. Everybody else is 25 00:01:40,360 --> 00:01:41,960 Speaker 1: going to be replaced by AI. 26 00:01:42,360 --> 00:01:44,800 Speaker 3: Do you realize this stock movers is coming from someone 27 00:01:44,840 --> 00:01:46,680 Speaker 3: who has an iPhone five. 28 00:01:46,880 --> 00:01:52,080 Speaker 1: Thing two thous a BlackBerry. Yeah. By the way, anthropic 29 00:01:52,840 --> 00:01:55,840 Speaker 1: they had they raise money, so the valuation for this 30 00:01:55,840 --> 00:02:00,760 Speaker 1: company one hundred and eighty three billion dollars. Investors been 31 00:02:00,800 --> 00:02:02,440 Speaker 1: looking for partnership. 32 00:02:02,480 --> 00:02:04,160 Speaker 3: Do you continue with technology here? 33 00:02:04,680 --> 00:02:09,040 Speaker 1: Yeah? Well no, let me do yeah, okay, AMD they 34 00:02:09,040 --> 00:02:13,280 Speaker 1: have not yet run out of rocket fuel today most active. 35 00:02:13,320 --> 00:02:17,200 Speaker 1: They landed that blockbuster deal with open Ai to build 36 00:02:17,520 --> 00:02:21,160 Speaker 1: AI infrastructure, so the chip maker a chance to show 37 00:02:21,160 --> 00:02:24,920 Speaker 1: a commount of challenged like you know in Vidia. AMD 38 00:02:25,040 --> 00:02:27,960 Speaker 1: after Monday's pop was worth three hundred and thirty point 39 00:02:28,040 --> 00:02:31,880 Speaker 1: six billion dollars just for comparison's sake, that's more than 40 00:02:32,400 --> 00:02:35,360 Speaker 1: the value of Coca Cola. That's more than General Electric 41 00:02:35,480 --> 00:02:40,040 Speaker 1: or Chevron. Open AI will deploy six gigawatts worth of 42 00:02:40,080 --> 00:02:44,240 Speaker 1: AMD graphics processing units. According to the pactic, this is 43 00:02:44,280 --> 00:02:47,640 Speaker 1: over a number of years. It's just over half the 44 00:02:47,720 --> 00:02:51,639 Speaker 1: size of an agreement with the AI startup recently reached 45 00:02:51,639 --> 00:02:55,480 Speaker 1: with Invidia. Also sets the stage for open Ai to 46 00:02:55,520 --> 00:03:01,240 Speaker 1: acquire a large steak in the chip maker will wrap up. Finally, 47 00:03:01,320 --> 00:03:05,960 Speaker 1: we have to do contech. Yeah, well, it's stuff that's 48 00:03:06,160 --> 00:03:08,000 Speaker 1: eventually used to build tech. 49 00:03:08,040 --> 00:03:08,400 Speaker 3: Thank you. 50 00:03:08,639 --> 00:03:12,560 Speaker 1: So we have to go to Vancouver, Columbia, Vancouver, British 51 00:03:12,560 --> 00:03:15,480 Speaker 1: Columbia for this one. And it's also has connections to 52 00:03:15,520 --> 00:03:18,000 Speaker 1: Alaska because that's where they do all this stuff. This 53 00:03:18,040 --> 00:03:21,800 Speaker 1: is the resource company Trilogy Metals, the government taking at 54 00:03:21,800 --> 00:03:25,280 Speaker 1: ten percent stake in the company, exploring in Alaska for 55 00:03:25,400 --> 00:03:32,040 Speaker 1: copper and other critical metals. Trilogies. US listed shares are TMQ. 56 00:03:33,000 --> 00:03:35,520 Speaker 1: It's reminiscent of the earlier agreement for the US to 57 00:03:35,520 --> 00:03:37,760 Speaker 1: buy as much as fifteen percent of the Rare Earth's 58 00:03:37,760 --> 00:03:41,920 Speaker 1: producer MP Materials, all part of a thirty five million 59 00:03:41,960 --> 00:03:48,680 Speaker 1: dollar investment to secure critical energy and mining projects in Alaska. 60 00:03:49,080 --> 00:03:53,120 Speaker 2: This stock movers report from Bloomberg Radio. Check back with 61 00:03:53,200 --> 00:03:55,760 Speaker 2: US throughout the day for the latest roundup of companies 62 00:03:55,840 --> 00:03:58,920 Speaker 2: making news. On Wall Street and for the latest market 63 00:03:58,960 --> 00:04:03,440 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 64 00:04:03,520 --> 00:04:07,040 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 65 00:04:07,120 --> 00:04:08,560 Speaker 2: the Bloomberg Business app.