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South Korea Bets $880B on AI Chips & Data Centers | The Pulse 6/29/2026

Bloomberg Television | June 29, 2026



South Korea is orchestrating investments of at least $880 billion from companies including Samsung and SK Hynix into chips and data centers. It says the giant outlay in digital infrastructure is essential to surviving the AI era.

The US and Iran have agreed to stop attacking each other before peace talks resume this week over the Strait of Hormuz and other issues, paving the way to end days of tit-for-tat attacks that tested a fragile truce.

Andy Burnham will pledge the biggest devolution of power in England in modern times in his first major speech since confirming his intention to succeed Keir Starmer as the UK’s prime minister.

Today’s guests: Marieke Blom, ING Chief Economist and Global Head of Research; Eirik Lie, Kongsberg CEO; Jeremy Allaire, Circle CEO; Frank Smets, Bank for International Settlements Acting Head of the Monetary & Economic Department

“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 – The Pulse with Francine Lacqua
00:00:41 – Tech market roundtable: Bloomberg’s Shona Gosh & ING’s Marieke Blom
00:13:07 – US, Iran to hale attacks ahead of talks
00:14:34 – Eirik Lie, Kongsberg, CEO
00:23:46 – Monday headlines
00:24:16 – EU Trade chief to talk imbalances with Chinese counterparts
00:27:14 – Jeremy Allaire, Circle, CEO
00:37:23 – Kevin Warsh to make debut on global stage
00:39:57 – Frank Smets, Bank of International Settlements, Acting Head of Monetary & Economic Department
00:47:10 – Rafael Nadal on Serena Williams returning to Wimbledon
——–
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Written by Bloomberg Television

Comments

This post currently has 2 comments.

  1. @mohamadqaddoura6226

    June 29, 2026 at 11:15 am

    Bloomberg, bloomberg, listen carefully: ray dalio was and still is talking too much. Sit with him, and you will see five radio stations inside a single person—principles of stories, the changing world order, debts, the challenges facing America, China, and a thousand and one stories. But do you know something? It is all useless talk, talk with no results, talk that won't hold up when tested in reality, and talk with no action. Because he talks too much without honesty, commitment to what he says, or action, this fool has wasted years of massive deals and major achievements. He has caused me, and continues to cause me, damages that even the toughest of men cannot bear. Do you know what I have become now? I have come to hate anyone who talks too much, and I only respect those who speak with practical, useful words backed by actions.

    A quick and very recent example: while all the global media outlets were recently talking about the "greatest Ipo" of spacex stock and so on, I said only five words: "We will not buy this stock now, and we will act more wisely." Now, those who didn't buy this stock didn't lose money, and those who listened to me and acted more wisely made money, because the stock plummeted from $225 to $147 in just 4 days.

    If I choose to speak, everyone will be astonished; for I can provide thousands of directions, signals, lessons, and insights that you have never heard—and will never hear—even from the professors of Harvard, Oxford, and Cambridge combined. Your entire being will be shaken when you understand my words, measure them, or see them manifest before you on the ground, because then you will realize that things are not as your eyes see them, but far greater. However, the first rule states: 'The lips of wisdom are closed, except to the ears of understanding.' This means that human knowledge is limited, and there is always more and more true greatness; therefore, wisdom lies in learning and receiving, not in teaching.

    And now, all I want from you are few and essential words. Inform ray dalio of the following: 'First, you have caused me severe damage, and I will never forgive you for it. Second, there is an amount of 1.3 billion that must be withdrawn from your account and transferred to me. As soon as this amount officially and legally arrives in my account, and I see with my own eyes the justice that should have been served in the past being fulfilled, only then and after that, I know the right action that defies all expectations and reveals the true essence. It will show whether the person speaking is truly and practically different from everyone else—rising above money and beyond what the mind can imagine—or just like the rest.

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