WEBVTT - IBM Integration; AMD Upgrade; Trilogy US Stake

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks in the move today.

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<v Speaker 3>I'm Tom Keen with Paul Sweeney and Bloomberg's John Tucker.

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<v Speaker 3>It's a moonshine and needs to be discussed on our

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<v Speaker 3>Stock Movers with John Tucker.

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<v Speaker 1>It's Harmunk, New York based IBM investing in a startup

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<v Speaker 1>of startup you know as Anthropic. Who's Anthropic? They're the

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<v Speaker 1>guys behind Claude. Who clad Whose Claude. That's the family

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<v Speaker 1>of large language models. I'm gonna try to explain this.

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<v Speaker 1>IBM's AI first Integrated Development Environment is a tool for

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<v Speaker 1>helping programmers code, So they're going to incorporate Claude. It's

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<v Speaker 1>available to more than six thousand early adopters AI models

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<v Speaker 1>from Anthropic. It's eventually going to use another IBM offerings

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<v Speaker 1>as well. Now, one of the most promising cases for

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<v Speaker 1>AI is so called vibe coding. This uses AI powered

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<v Speaker 1>tools to make software development more efficient and it allows

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<v Speaker 1>layman like ARMANK president Johnny Depp to try their hand

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<v Speaker 1>at programming, and of course AI has already changed the

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<v Speaker 1>way that programmers do their jobs. I would argue, I

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<v Speaker 1>know somebody here at Bloomberg LP whose name happens to

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<v Speaker 1>be of the entrance, who swears that programmers only the

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<v Speaker 1>best ones are going to have jobs. Everybody else is

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<v Speaker 1>going to be replaced by AI.

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<v Speaker 3>Do you realize this stock movers is coming from someone

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<v Speaker 3>who has an iPhone five.

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<v Speaker 1>Thing two thous a BlackBerry. Yeah. By the way, anthropic

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<v Speaker 1>they had they raise money, so the valuation for this

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<v Speaker 1>company one hundred and eighty three billion dollars. Investors been

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<v Speaker 1>looking for partnership.

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<v Speaker 3>Do you continue with technology here?

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<v Speaker 1>Yeah? Well no, let me do yeah, okay, AMD they

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<v Speaker 1>have not yet run out of rocket fuel today most active.

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<v Speaker 1>They landed that blockbuster deal with open Ai to build

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<v Speaker 1>AI infrastructure, so the chip maker a chance to show

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<v Speaker 1>a commount of challenged like you know in Vidia. AMD

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<v Speaker 1>after Monday's pop was worth three hundred and thirty point

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<v Speaker 1>six billion dollars just for comparison's sake, that's more than

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<v Speaker 1>the value of Coca Cola. That's more than General Electric

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<v Speaker 1>or Chevron. Open AI will deploy six gigawatts worth of

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<v Speaker 1>AMD graphics processing units. According to the pactic, this is

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<v Speaker 1>over a number of years. It's just over half the

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<v Speaker 1>size of an agreement with the AI startup recently reached

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<v Speaker 1>with Invidia. Also sets the stage for open Ai to

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<v Speaker 1>acquire a large steak in the chip maker will wrap up. Finally,

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<v Speaker 1>we have to do contech. Yeah, well, it's stuff that's

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<v Speaker 1>eventually used to build tech.

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<v Speaker 3>Thank you.

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<v Speaker 1>So we have to go to Vancouver, Columbia, Vancouver, British

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<v Speaker 1>Columbia for this one. And it's also has connections to

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<v Speaker 1>Alaska because that's where they do all this stuff. This

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<v Speaker 1>is the resource company Trilogy Metals, the government taking at

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<v Speaker 1>ten percent stake in the company, exploring in Alaska for

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<v Speaker 1>copper and other critical metals. Trilogies. US listed shares are TMQ.

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<v Speaker 1>It's reminiscent of the earlier agreement for the US to

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<v Speaker 1>buy as much as fifteen percent of the Rare Earth's

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<v Speaker 1>producer MP Materials, all part of a thirty five million

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<v Speaker 1>dollar investment to secure critical energy and mining projects in Alaska.

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<v Speaker 2>This stock movers report from Bloomberg Radio. Check back with

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<v Speaker 2>US throughout the day for the latest roundup of companies

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