Meta's New Muse Wonder AI Model; LVMH Slumps After China Backlash
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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, global stock losses deepened on renewed concerns about the AI trade. Korea's Kospi slid 7% after the Broadcom CEO Hock Tan compared AI investors to gamblers in a casino. Meta released its latest AI model known as Muse Wonder, saying it has “frontier capabilities” on a par with OpenAI’s ChatGPT and Anthropic's Claude. LVMH reported a 5% fall in sales in its biggest division, the fashion and leather goods unit, as worsening economic conditions and a consumer backlash in China hit its key Louis Vuitton brand. And the Indian Prime Minister Narendra Modi says the world is undergoing a "big transformation" where new technology has the power to create opportunities for millions of peop
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