OpenAI Targets $1.25 Trillion Valuation in New Funding Round

A rout in the artificial intelligence trade faded, offering global stock investors some respite in the final session of a volatile week, with further gains in oil prices keeping sentiment cautious. Bloomberg has learned OpenAI, which is seeking to raise around $30 billion in a fresh funding round, is now targeting a valuation of $1.25 trillion during the final stages of negotiations. French authorities are bracing for a new round of protests Saturday, rolling out the military to back up police in a bid to prevent a repeat of last weekend’s riots and reassure markets unnerved by the violence. Today's guests: Geoff Yu, BNY Senior Market Strategist; James Murray, Financial Secretary to the UK Treasury; Martin Quencez, German Marshall Fund of the United States Senior Fellow & Special Adviser to the President; Oskar Lewnowski, Orion Resource Partners Founder & Group CEO -- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Chapters: 00:00:00 - Tech trade under pressure 00:03:00 - Oil rises as Middle East tensions ratchet up 00:04:25 - Treasuries surge as worldwide worries spark rush to safety 00:07:39 - France braces for more protests 00:16:58 - BlackRock's Schwarzman on AI buildout 00:19:40 - Interview: James Murray, Financial Secretary to UK Treasury 00:28:54 - US midterms lookahead 00:32:07 - Israel gears up for elections 00:39:34 - Earnings in focus: Kering slumps 00:43:26 - Critical minerals race intensifies -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts