Bloomberg Talks

Dr. Adam Posen, President of the Peterson Institute for International Economics, shares insights on U.S.-Saudi relations. He explains Saudi Arabia's drive to diversify its economy under Crown Prince Mohammed bin Salman. Posen argues that the U.S. should tie F-35 approvals to meaningful commitments from Saudi Arabia. He also discusses the negative impact of perceived corruption on trust and how domestic priorities should align with foreign policy to enhance public welfare.

Daymond John, the entrepreneur behind FUBU and a Shark Tank investor, shares invaluable insights for aspiring business owners. He discusses how supply chains have evolved, emphasizing the need for resilience and adaptability post-pandemic. John highlights the apparel industry's struggles and the importance of diversification. He also addresses consumer sentiments as the holidays approach, noting the challenges retailers face with pricing. With his wealth of experience, John offers practical tips that resonate with today's entrepreneurial landscape.

David Baszucki, Founder and CEO of Roblox, discusses the platform's new voluntary photo-based age verification system. He explains how it will incorporate facial recognition along with various signals for accurate age estimation. Baszucki emphasizes the importance of safety measures already in place and how these new checks aim to enhance user protection. He also addresses concerns about potential user friction and highlights the long-term benefits for Roblox's growth and advertising strategies, ensuring a safer experience for all users.

In a compelling discussion with Kriti Gupta, former U.S. Vice President Mike Pence shares insights on critical global issues. He emphasizes the importance of protecting U.S. stealth technology amidst potential F-35 sales to Saudi Arabia. Pence also critiques the efficacy of broad tariffs, arguing they could harm consumers and alliances. He advocates for strong U.S. support for Ukraine and cautions against vacuums in global power, endorsing a strategy of 'peace through strength' to confront threats from Russia and China.

Glenn Fogel, CEO of Booking Holdings and a leader in the travel tech industry, discusses the complexities of EU digital regulations and their implications. He shares insights on the burdens of complying with evolving AI rules, the risks of losing competitiveness to non-EU companies, and the challenges posed by restrictive regulations on innovation and job growth. Fogel emphasizes the need for balanced, smart regulations that foster safety while allowing technology to thrive, hopeful for future simplifications that could benefit the travel sector.

Laura Chambers, CEO of Mozilla Corporation, dives into the evolution of web browsers and the rise of AI integration. She highlights the new interest from AI companies in browsers, emphasizing the potential risks to user data privacy. Chambers also discusses the dynamic between standalone AI apps and browser experiences, advocating for open-source alternatives to prevent monopolies. Plus, she unveils Firefox's innovative AI strategy, including SmartWindows, which prioritizes transparency and user control.

Glenn Hubbard, Dean Emeritus of Columbia Business School, shares his insights on AI's role in the economy and the importance of Federal Reserve independence. He discusses the delicate balance facing Fed leadership amid political pressures and the immediate versus long-term challenges of interest rate decisions. Hubbard highlights AI's mixed effects on jobs, its potential to both substitute and complement the workforce, and the urgency of retraining displaced workers to harness its benefits effectively.

Sir Howard Stringer, former chairman and CEO of Sony and BBC board director, delves into the complex relationship between President Trump and the BBC. He passionately defends the BBC's public funding, emphasizing its role in delivering impartial news. Stringer discusses strategies for restoring trust following controversies and evaluates the BBC's unique challenges in today's fragmented media landscape. He also reflects on the changing nature of TV journalism, the impact of streaming, and the intricacies of consumer choice in media.

Vincent Pilette, the CEO of Gen Digital, shares insights on cybersecurity as a service. He explains how AI complicates threats, making consumers more vulnerable than ever. Pilette discusses common data breaches and highlights the dangers of AI-driven scams and deepfakes. He also emphasizes the importance of consumer safety during the holiday season, urging cautious payment practices. Additionally, he addresses the increased risks associated with digital payments and crypto, while outlining Gen Digital's initiatives in deepfake detection and identity verification tools.

Bentley Motors Chairman & CEO Frank-Steffen Walliser discusses the company's new Supersports and more to expect. Walliser spoke with Bloomberg's Matt Miller, Hannah Elliot and Dani Burger.See omnystudio.com/listener for privacy information.