Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks in the move today.
Speaker 3: I'm Tom Keen with Paul Sweeney and Bloomberg's John Tucker.
Speaker 3: It's a moonshine and needs to be discussed on our
Speaker 3: Stock Movers with John Tucker.
Speaker 1: It's Harmunk, New York based IBM investing in a startup
Speaker 1: of startup you know as Anthropic. Who's Anthropic? They're the
Speaker 1: guys behind Claude. Who clad Whose Claude. That's the family
Speaker 1: of large language models. I'm gonna try to explain this.
Speaker 1: IBM's AI first Integrated Development Environment is a tool for
Speaker 1: helping programmers code, So they're going to incorporate Claude. It's
Speaker 1: available to more than six thousand early adopters AI models
Speaker 1: from Anthropic. It's eventually going to use another IBM offerings
Speaker 1: as well. Now, one of the most promising cases for
Speaker 1: AI is so called vibe coding. This uses AI powered
Speaker 1: tools to make software development more efficient and it allows
Speaker 1: layman like ARMANK president Johnny Depp to try their hand
Speaker 1: at programming, and of course AI has already changed the
Speaker 1: way that programmers do their jobs. I would argue, I
Speaker 1: know somebody here at Bloomberg LP whose name happens to
Speaker 1: be of the entrance, who swears that programmers only the
Speaker 1: best ones are going to have jobs. Everybody else is
Speaker 1: going to be replaced by AI.
Speaker 3: Do you realize this stock movers is coming from someone
Speaker 3: who has an iPhone five.
Speaker 1: Thing two thous a BlackBerry. Yeah. By the way, anthropic
Speaker 1: they had they raise money, so the valuation for this
Speaker 1: company one hundred and eighty three billion dollars. Investors been
Speaker 1: looking for partnership.
Speaker 3: Do you continue with technology here?
Speaker 1: Yeah? Well no, let me do yeah, okay, AMD they
Speaker 1: have not yet run out of rocket fuel today most active.
Speaker 1: They landed that blockbuster deal with open Ai to build
Speaker 1: AI infrastructure, so the chip maker a chance to show
Speaker 1: a commount of challenged like you know in Vidia. AMD
Speaker 1: after Monday's pop was worth three hundred and thirty point
Speaker 1: six billion dollars just for comparison's sake, that's more than
Speaker 1: the value of Coca Cola. That's more than General Electric
Speaker 1: or Chevron. Open AI will deploy six gigawatts worth of
Speaker 1: AMD graphics processing units. According to the pactic, this is
Speaker 1: over a number of years. It's just over half the
Speaker 1: size of an agreement with the AI startup recently reached
Speaker 1: with Invidia. Also sets the stage for open Ai to
Speaker 1: acquire a large steak in the chip maker will wrap up. Finally,
Speaker 1: we have to do contech. Yeah, well, it's stuff that's
Speaker 1: eventually used to build tech.
Speaker 3: Thank you.
Speaker 1: So we have to go to Vancouver, Columbia, Vancouver, British
Speaker 1: Columbia for this one. And it's also has connections to
Speaker 1: Alaska because that's where they do all this stuff. This
Speaker 1: is the resource company Trilogy Metals, the government taking at
Speaker 1: ten percent stake in the company, exploring in Alaska for
Speaker 1: copper and other critical metals. Trilogies. US listed shares are TMQ.
Speaker 1: It's reminiscent of the earlier agreement for the US to
Speaker 1: buy as much as fifteen percent of the Rare Earth's
Speaker 1: producer MP Materials, all part of a thirty five million
Speaker 1: dollar investment to secure critical energy and mining projects in Alaska.
Speaker 2: This stock movers report from Bloomberg Radio. Check back with
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