STORY-TRÅD·teknik

OpenAI Trims Target Value & Volvo Cars Cuts 2,500 Jobs

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, the global tech rout deepened after the Nasdaq's worst day since June. In another of concern over AI spending, Bloomberg has learnt that OpenAI is cutting its valuation target by $150 billion, as it seeks to raise $30 billion in its latest funding round. And Volvo Cars is planning to cut another 2,500 jobs, as cratering sales in China and tariffs in the US complicate the Swedish automaker’s turnaround. Today's guest: Håkan Samuelsson, Volvo Cars, CEO. (Source: Bloomberg)