Bloomberg

At the 2026 Global Financial Leaders' Investment Summit in Hong Kong, executives from Wall Street and big money managers expressed differing views on the risks associated with artificial intelligence. Emmanuel Roman, CEO of Pacific Investment Management Co. (Pimco), stated that he does not know when an AI bubble will burst, but emphasized that he would make a significant bet on the market if he had that information. Roman's comments came in response to questions from staff and others about the potential for an AI bubble to pop. The discussion was part of a broader conversation about the risks and opportunities presented by AI, as reported in a Bloomberg story. The article highlighted the varying degrees of concern and optimism expressed by executives at the summit, reflecting the ongoing debate about the impact of AI on the financial industry.

Apple confirmed that a small number of iPhone Duo units suffer from an inner display defect, with reports of cracked screens and a bright line running from the center to the right side. In a statement to Bloomberg and 9to5Mac, Apple’s Alex Kirschner said the company is aware of the problem and urged affected users to contact AppleCare for a replacement. The company noted that early users have responded positively overall, and developers are rapidly updating apps to take advantage of the Duo’s unique features. Apple’s swift acknowledgment and replacement offer aim to mitigate user frustration and maintain confidence in the new device.

Financial Secretary Paul Chan will travel to Bangkok tomorrow to join the Chinese delegation at the International Monetary Fund (IMF) and World Bank Group (WBG) Annual Meetings. The event will bring together global finance officials, central bank representatives, business leaders, NGOs and academics to discuss the worldwide economic outlook, financial stability, inclusive growth, poverty reduction, and job creation. Chan will speak at the IMF plenary and a Hong Kong Monetary Authority roundtable on investment opportunities for Middle Eastern and Central Asian economies, highlighting Hong Kong’s role in connecting Mainland China with global capital markets. He will also engage in Bloomberg and Atlantic Council dialogues on Hong Kong’s economy and offshore renminbi business, and introduce recent developments in the city’s financial services sector. Chan returns to Hong Kong on Saturday, with Deputy Financial Secretary Michael Wong acting in his stead.

In a Bloomberg‑reported interview, Rockstar Games’ technical lead Phil Hooker said the new engine, tools, and team assembled for GTA VI will let the studio work more quickly than before. The franchise’s last entry, GTA V, took eight years to develop, creating a 13‑year wait for the next game. Hooker noted that the one‑year gap between GTA III and Vice City was possible because Rockstar already had a framework in place, suggesting that the new infrastructure could similarly accelerate future releases. If the studio follows through, fans may see a new GTA title sooner than the decade‑long pattern that has defined the series.

Epic Games is reportedly adopting an 'AI first' development strategy for its collaboration with Walt Disney Company. According to a Bloomberg report, AI models will write code and guide artwork for an upcoming shooter. Human developers will manage and guide code and art assets generated by models such as Anthropic's Claude. This shift has led to a delay in the project's release, which was initially slated for March 2027.

A panel of industry experts gathered at the Johns Hopkins University Bloomberg Center to discuss the requirements for building a moon base. The discussion involved leaders from Astrolab and Firefly, among others. The event aimed to explore the necessary steps and resources needed to establish a lunar presence. Key considerations included infrastructure development, life support systems, and transportation capabilities. The experts' insights provided valuable context for the challenges and opportunities associated with lunar base construction.

Utah residents can now use the Nolla Health app to scan their faces and receive an AI‑generated prescription for acne treatment. The startup’s system analyzes acne severity and writes a prescription, which is then reviewed by two physicians before being issued. The pilot program will begin with 100 patients, each prescription requiring dual physician approval. After 500 patients, the company will shift to a sampling model, with physicians reviewing at least 10% of prescriptions. This rollout follows an earlier Bloomberg report and represents a first‑of‑its‑kind approach to automated prescription writing in a regulated state setting.

At Bloomberg’s annual Screentime summit, Netflix co‑CEO Ted Sarandos applauded President Donald Trump for championing a federal tax‑credit bill designed to keep film and television productions in the United States. Sarandos said Trump “really cares about the entertainment business” and is committed to protecting the industry and creating jobs. The proposed legislation, introduced last week, has bipartisan backing from Senators Tim Scott and Adam Schiff and seeks to counter the lure of overseas tax incentives that have drawn Hollywood projects to the UK, Australia and Canada. Sarandos warned that the bill’s fate could hinge on the upcoming midterms and a potential shift in congressional control. He also criticized California’s Democratic leadership for allowing jobs to leave the state, citing aging infrastructure and difficult shooting conditions. Netflix’s recent productions—David Fincher’s “Animals,” “Cliff Booth,” and the new season of “Nobody Wants This”—spent over $400 million in Los Angeles without the best incentives.

Amazon is developing smart glasses for its delivery drivers that will take photos almost constantly, recording anything they see—including people and private property. Bloomberg reports the devices could capture several thousand images during a typical shift. Amazon plans to upload the footage to its AI Wellspring platform, claiming the data will be used solely to improve the delivery process and not for surveillance. When asked whether customers could opt out, Amazon’s Viraj Chatterjee said the company has not considered an opt‑out option. The move has sparked concerns about privacy and the extent of data collection in everyday commerce.

Apple's long-rumored smart home hub, known as HomePad, is set to be revealed on October 13th. According to Bloomberg's Mark Gurman, the device will be showcased alongside a new HomePod mini and an upgraded Apple TV device. The smart home hub will feature a 6-inch display that can be mounted on a wall or sit on a countertop. It is described as being about as thick as an iPhone and having bezels similar to older iPads.