Mike Moscoe

The president talking to reporters there on the sidelines of the Irish Open in Dunebeg after meeting with leaders yesterday in Dublin.

AI executives, including Anthropic CEO Dario Amodei, have called on the government to step in to help regulate the tech, but Bloomberg's Mike Shepherd tells us the Trump administration has shown little interest in setting up guardrails.

The conversation he is interested in having is a more robust one about developing some government level guardrails and regulations.

And unfortunately, as we see, uh, uh, right now in Capitol Hill, there just isn't enough consensus-

Mm

... around what could emerge as legislation, and certainly in the administration there is very little appetite right now, and we've heard this from the president himself, uh, for any kind of new regulation, including measures that would be focused on the safety matters that we're discussing.

Tech reporter Mike Shepherd on Bloomberg this weekend.

There is, however, growing backlash against the tech in the US, fueled by a strain on local resources, higher electricity bills, and AI potentially taking away jobs.

Let's get more on what the raise says about the global AI race.

Bloomberg's tech editor in DC, Mike Shepherd.

A follow on just being, going to the markets for an already publicly traded company, but Alibaba needs capital.

What do they wanna do with it?

Well, what does that mean about appetite overall? But they are putting skin in the game, and that is, uh, chairman and, uh, one of the co-founders, Joe Tsai, he bought the US equivalent of $10 million of shares, and Eddie Wu, the, uh, CEO of Alibaba, bought about $5 million of shares.

So they are really putting their own skin in the game, and they are trying to make sure that they are giving their own personal sign of support to this offering to signal to other investors that they're in it, too.

Bloomberg's Mike Shepherd, thank you very much.

Let's stick in Asia.