>> FROM THE HEART OF WHERE MONEY,
INNOVATION, AND POWER COLLIDE, FROM SILICON VALLEY AND BEYOND,
THIS IS "BLOOMBERG TECHNOLOGY" WITH CAROLINE HYDE AND ED
LUDLOW. CAROLINE: I'M CAROLINE HYDE. ED:
I AM ED LUDLOW IN SAN FRANCISCO. CAROLINE:
ELON MUSK SOUS OPENAI & ALTMAN ALLEGEDLY VIOLATING THE
COMPANY'S FOUNDING MISSION. ED:
WE HAVE FOR EARNINGS COVERAGE AND SIT-DOWN THESES OF FISKER.
SHARES ARE PLUNGING AND THE SURVIVAL IS IN DOUBT. CAROLINE: WE TAKE YOU -- WE GET THE
TAKEAWAYS FROM THE MOBILE CO
NGRESS IN-- WHERE IS APPLE?
LET'S CHECK IN ON THESE MARKETS. A NEW DAY, NEWMONT AND WE ARE
ALL ABOUT TECHNOLOGY INVESTING. WE ARE UP ON THE BACK OF THE
NASDAQ. SINGABLE BACK ON THE 10-YEAR
NOTE, DOWN SEVEN BASIS POINTS. ARE WE SEEING A LITTLE BIT OF
WEAKNESS IN CONSUMER SENTIMENT? SOME ECONOMIC DATA TODAY SHOWS
MAYBE WE WON'T SEE THE FEDERAL RESERVE HAVING TO PAUSE ON
CUTTING FOCUS. IT ISN'T JUST THE U.S.
RISE IN TERMS OF EQUITIES. WE HAVE SEEN EUROPE AT A NEW
RECORD HIGH. A NEW RECORD HIGH AS W
ELL.
CHINA DID WELL, SOME OF THE ECONOMIC DATA STILL SHOWING
CONTRACTION BUT NOT AS BAD AS HAD BEEN EXPECTED.
WE ARE UP .5%. GLOBAL STOCKS, A NEW DAY OF A
NEW MONTH. LOOK WHAT IS HAPPENING IN THE
WORLD OF CRYPTO. WE ARE STILL MANAGING TO PUSH
ONTO 61,000 LEVEL. A LITTLE BIT LOWER ON FRIDAY
BUT IT HAS BEEN A STELLAR WEEK FOR THIS ASSET COME UP ALMOST
20% OVER THE LAST FIVE TRADING DAYS.
WHAT HAVE YOU GOT COMING UP? ED: THERE IS SO MUCH TO DISCUSS.
DELL, ONE OF THE MOVERS TO THE UPSIDE.
EVERYONE H
AS WOKEN UP AND LEARNED THAT DELL DOES MORE
THAN A PC'S. WE KNOW THE AI AFRICA AAA'S
DOUBTS ARE UNDERWAY. THEY ALSO DO SERVERS AND SERVER
DESIGNS AND THE STREETLIGHTS WHAT THEY HAVE TO SAY, GETTING
A LOT MORE LOVE FOR THEIR AI STORY .
LATER IN THE PROGRAM, FISKER'S CEO IS GOING TO JOIN US.
THE STOCK IS DOWN 45%. A GROWING CONCERN, THEY ARE
CUTTING 15% OF THEIR WORKFORCE. THEY'RE GIVING US A
CONSERVATIVE NUMBER FOR DELIVERIES THIS YEAR.
IT IS A COMPANY NOWHERE NEAR ITS PEAK OR HEYDAY AFTER IT
WEN
T PUBLIC IN 2021. WE HAVE SO MANY QUESTIONS FOR
AND RICK -- HENRIK. LOOKING AT MICROSOFT, I'M NOT
SAYING THIS IS A CAUSAL LINK, IT CAN BE.
MICROSOFT CAN BE A PROXY FOR INVESTOR SENTIMENT TOWARD
OPENAI BECAUSE MICROSOFT OWNS 49% OF THE FOR-PROFIT SIDE OF
OPENAI. WE HAVE OUR TOP STORY COMING
BUT SHARES ARE SOFTER. IT IS IMPORTANT TO WHAT WE ARE
ABOUT TO DISCUSS. CAROLINE:
TALKING ABOUT ELON MUSK, HOW HE IS SUING OPENAI & ALTMAN
ALLEGING THEY VIOLATED THE -- AND SAM ALTMAN ALLEGING THAT BY
THE STAR
T OF -- STARTUP'S MISSION.
IT STATES THE COMPANY'S CLOSE RELATIONSHIP WITH MICROSOFT HAS
UNDERMINED ITS MISSION OF CREATING OPEN SOURCE TECHNOLOGY
THAT WOULD NOT BE SUBJECT TO CORPORATE BIOLOGY/CORPORATE
PRIORITIES. -- TO CORPORATE PRIORITIES.
HE IS NOT THE ONLY ONE WHO SAID THIS, KEIFER LEE TOLD ME HE
THINKS OPENAI SHOULD BE REBRANDED CLOSED AI. HE IS ONE OF THE MOST VOCAL
CRITICS HAVING BEEN ANY REGIONAL FOUNDER AND DONOR. >> AND MAKING POINTS ELON MUSK
HAS BEEN MAKING FOR MONTHS. HE HAS BEEN
COMPLAINING I PUT A
LOT OF MONEY INTO THIS, $44 MILLION OVER THE FIRST FEW
YEARS. IT WAS PARTLY MY IDEA, YOU
RECRUITED THESE PEOPLE ON THE STRENGTH OF MY PERSONALITY AND
THE PROMISE WAS THIS WAS GOING TO BE AN OPEN SOURCE FOR THE
BENEFIT OF HUMANITY AND NOW IT HAS A VALUABLE DEAL WITH
MICROSOFT, HUGE REVENUE, SKYHIGH EVALUATION.
SAM ALTMAN IS TALKING ABOUT STARTING BIGGER VENTURES AND
ELON MUSK HAS BEEN ASKING FOR MONTHS, HOW DID THIS HAPPEN?
AS HE SAT ON PODCASTS AND SO ON, IS THIS EVEN LEGAL?
THIS IS PARTLY A STUNT. ELON MUSK HAS A PARTNER
COMPANY, DOING MANY OF THE THINGS THAT HE IS ACCUSING SAM
ALTMAN OF DOING. SOME SAY HE IS MAD BECAUSE
OPENAI IS DOING THE BETTER THAN THAT ELECTS AI -- BETTER THAN X
AI. ED: I SPOKE TO OPENAI AND AT THIS
POINT THEY DECLINED TO COMMENT. I DON'T KNOW IT IS THAT MUCH OF A SURPRISE GIVEN MUSK'S HISTORY
OF USING LITIGATION FOR VARIOUS END GOALS.
YOU TALKED ABOUT THE ELEPHANT IN THE ROOM, I KNOW MUSK
ENGAGED WITH SOMEONE ELSE SAYING THE DISCOVERY PROCESS
IS
GOING TO BE INTERESTING BECAUSE WE MIGHT LEARN WHAT HAPPENED
THAT WEEKEND THAT ASSEMBLES BEEN BRIEFLY LOST HIS JOB. MAX:
ELON MUSK, HE LOVES THIS SPECTACLE.
HE LOVES A STUNT AND HE LOVES TO STIR THE POT, TO START BEEF
WITH VARIOUS BILLIONAIRES AND OTHER RICH GUYS. PART OF IT IS THAT, A WAY FOR
HIM TO ATTACK A POTENTIAL COMPETITOR AND CALL ATTENTION
TO THE ROLE HE PLAYED IN THIS VALUABLE INDUSTRY.
IF YOU LOOK AT WHAT ELON MUSK WANTS, WHAT THE LAWSUIT ASKS
FOR, IT IS ASKING FOR A JUDGE TO MAKE
THE TECHNOLOGY OPEN
SOURCE WHICH I SUPPOSE COULD HURT MICROSOFT AND OPENAI'S
PROSPECTS. HE IS ALSO LOOKING FOR A RULING ON WHETHER OR NOT GPD FOR -- G PT4 CONSTITUTES ARTIFICIAL
INTELLIGENCE. HE SAYS IT IS WHICH WOULD
BENEFIT THE CASE WHICH WOULD INVALIDATE THIS MICROSOFT DEAL OR A JUDGE WRITING DOWN THAT
OPENAI'S PRODUCT IS OVERHYPED AND NOT AS GOOD AS THEY HAVE
BEEN SAYING. IT IS AN INTERESTING WAY TO
ATTACK A COMPETITOR FROM ANY UNEXPECTED ANGLE. CAROLINE:
WE MIGHT SAY ELON MUSK BECAUSE OF T
HE SKIN IN THE GAME AND IF
YOU GO BACK IN HIS HISTORY, HIS WORRY ABOUT AI GETTING INTO
PRIVATELY HELD HANDS. HE TRIED TO BUY DEEP MIND
BEFORE GOOGLE BOUGHT IT. GIVE THE BENEFIT OF A DOUBT.
HE HAS A POINT POTENTIALLY IN THAT OPENAI HAS TOTALLY CHANGED
THE WAY IN WHICH IT IS STRUCTURED, PROFITABILITY, AND
OF THE EU AND U.S. ARE BOTH INVESTIGATING. MAX:
HE DOES HAVE A POINT SAYING WE ARE DOING THIS FOR THE BENEFIT
OF HUMANITY MEANWHILE WE ARE RAISING TRILLIONS OF DOLLARS
FOR THIS FOR-PROFIT ENTERPR
ISE. THERE IS SOMETHING CONSISTENT
THERE. IF OPENAI IS HYPOCRITICAL, ELON
MUSK IS ALSO HYPOCRITICAL. ONE OF HIS COMPLAINTS IS SAM
ALTMAN EXERTED TOO MUCH CONTROL OVER OPENAI. LET'S LOOK AT TESLA, ELON MUSK
EXERTS NEAR TOTAL CONTROL OVER TESLA.
HE IS IN AN ARGUMENT TO GET MORE CONTROL AND HAS THREATENED
TO TAKE HIS AI ELSEWHERE IF HE CANNOT CONTROL IT.
IT IS GOOD ENOUGH FOR ELON MUSK BUT NOT GOOD ENOUGH FOR OPENAI.
CAROLINE: HYPOCRITE VERSUS HYPOCRITE.
ED, YOU HEARD FROM THE OTHER HYPOCRITE. ED:
I WROTE TO ELON MUSK AND ASKED HIM TO JOIN OUR PROGRAM.
I DID SPEAK TO HIS LAWYER WHO POLITELY DECLINED TO GIVE AN
INTERVIEW OR, THE PROGRAM. THAT IS MY QUESTION, WE TALKED
ABOUT ELON MUSK'S HISTORY OF LITIGATION.
WHATEVER HIS MOTIVATIONS ARE, I DON'T UNDERSTAND WHAT THE END
RESULT IS. WE KNOW ARE LOOKING AT OPENAI'S
MODEL AND PEOPLE POSITION SHIP WITH MICROSOFT.
THE COMPUTE COSTS ARE HIGH, THEY'RE COMMERCIALIZING AS
QUICKLY AS THEY CAN. WHAT IS MUSKA GOING TO TRY TO
GET OUT OF THIS? -- ELON MUS
K GOING TO TRY TO
GET OUT OF THIS? MAX: I THINK THE GOAL IS TO ATTACK A
COMPETITOR. HE HAS A POINT HERE. THERE IS SOMETHING WEIRD ABOUT
THE STRUCTURE AS WE HAVE BEEN TALKING ABOUT AND OTHERS HAVE
BEEN TALKING ABOUT AND REGULATORS ARE GOING TO BE
LOOKING AT. ONE INTERPRETATION OF THIS
STRUCTURE IS IT WAS A WAY FOR MICROSOFT TO GET AROUND
ANTITRUST CONCERNS. RATHER THAN BUYING AN AI
COMPANY, IT INVESTED IN THIS NONPROFIT.
THIS IS GOING TO CREATE FURTHER COMPLICATION FOR OPENAI AND
MICROSOFT. I DON
'T KNOW IF IT IS GOING TO
HAVE A HUGE IMPACT. AS THE LAWSUIT ACKNOWLEDGES,
OPENAI HAS THE MARKET-LEADING TECHNOLOGY.
MICROSOFT IS PUTTING IT IN ALL OF THEIR PRODUCTS, OUTLOOK AND
EXCEL AND SOMEONE. THIS IS NOT GOING TO STOP THAT
WITH IT IS GOING TO CREATE HEADACHES FOR MICROSOFT AND
OPENAI AND ULTIMATELY ELON MUSK. ED: AN WAY TO START THE SHOW.
LET'S -- AN INCREDIBLE WAY TO START THE SHOW.
LET'S SEE WHAT HAPPENS. THE OTHER PLAYER WE HAVE BEEN
TALKING ABOUT, GOOGLE. IT'S STOCK HAS NOT BEEN DOING
WELL AFTER IT HAD TO POSIT IT'S GEMINI AIM-ISH GENERATOR --
GEMINI AI IMAGE GENERATOR. LET'S BRING IN RYAN WHO HAS
BEEN TRYING TO TRACK IT. WHAT DO YOU THINK INVESTORS ARE
BELIEVED FOCUSED ON HERE WITH GOOGLE?
I REMEMBER WHEN BART CAME OUT AND WE HAD THE HUBBLE TELESCOPE
GAFF. THIS WEEK AND THE DECLINE IS
LESS SEVERE BUT STILL THERE. RYAN:
IT'S SPEAKS TO HOW PEOPLE ARE SO FOCUSED ON AI AND WHO IS
GOING TO BE THE REAL LEADER, ESPECIALLY WHEN IT COMES TO
GENERATIVE AI AND SEARCH. ANY PERCEIVED MIS
STEP OR
CONTROVERSY OR INACCURACY IS GOING TO BE A REASON FOR PEOPLE
TO SHOOT FIRST AND ASK QUESTIONS LATER.
YOU HAVE SEEN THE STOCK WITH BOTH DIRECTIONS WHEN IT COMES
TO ALPHABET'S POSITION IN THIS TECHNOLOGY WHICH HAS BECOME THE
FOCUS FOR ANYONE ON WALL STREET AND IN SILICON VALLEY. CAROLINE:
YOU ARE RIGHT TO POINT OUT THIS HAS HAPPENED BEFORE LAST
FEBRUARY WHEN BART WAS QUESTIONED -- BARD WAS
QUESTIONED. WE HAVE NOT SEEN A MARKET SHARE
EROSION. RYAN: PEOPLE CONTINUE TO USE GOOGLE
RELATIVE TO
BEING -- BING . BECAUSE GOOGLE'S MARKET SHARE
IS DOMINANT, IS IT ON THE DEFENSIVE HERE AND DOESN'T NEED
TO DO THIS INVESTING AND DO THESE TWEAKS AND MAKE SURE ITS
PRODUCT IS AS GOOD AS POSSIBLE FOR MAINTAIN ITS CURRENT SHARE?
THAT IS A REAL CONCERN. SO MUCH OF ALPHABET'S REVENUE
IS GENERATED FROM INTERNET SEARCH AND THE ADVERTISING THAT
COMES WITH IT. THAT IS SOMETHING PEOPLE ARE
VERY CONCERNED ABOUT AND WE ARE SEEING SHORT-TERM MOVES.
THIS IS GOING TO BE SOME THING THAT PLAYS OUT OVER A LONGER
PERIOD OF TIME. WHEN PEOPLE ARE CONCERNED ABOUT
WHAT IS GOING TO BE LANDSCAPE FOR AI TECHNOLOGY, ANY SENSE OF
WHO IS FALLING BEHIND IS BEING CLOSELY WATCHED. CAROLINE: THEY WERE OF -- THEY WERE SO
OUT IN FRONT WHEN THEY BOUGHT DEEP MIND AND NOW THEY SEEM TO
BE MISFIRING. WE THANK YOU FOR THIS STORY.
COMING UP, WE ARE GOING TO DIVE DEEPER INTO TECH MARKETS AND
INTO CRYPTO AFTER BITCOIN'S RABBIT RUN -- RAPID RUN.
WHAT ARE YOU LOOKING AT? ED: APPLE BECAUSE APPLE DECLINES
ARE ACCELERATING, DOWN 1.4%
. GOLDMAN SACHS REMOVED APPLE
FROM HIS CONVICTION LIST BUT RAISED ITS PRICE TARGET ON THE
STOCK TO 232. THEY ARE SAYING ALL THESE
CONCERNS ABOUT NEW PRODUCTS, GROWTH, CHINA, APPLE HAS A
STRONG ECOSYSTEM EVEN SO. IT IS REMOVED FROM THE
CONVICTION LIST, THERE SEEMS TO BE A LACK OF CONVICTION.
WE WILL BE RIGHT BACK. THIS IS "BLOOMBERG TECHNOLOGY." CAROLINE:
WE ARE STILL IN PRICE DISCOVERY MODE ACCORDING TO MIKE .
BITCOIN, THE HIGHEST SINCE NOVEMBER 2021, A $60,000 HANDLE.
$69,000 IS THE RECORD BACK
IN 2021.
LET'S GET A KICK ON THIS CASE. FIONA CINCOTTA JOINS US.
WE TALK ABOUT SUPPLY AND DEMAND DYNAMICS, THE REASON IT IS
HIGHER. PEOPLE FALL BACK ON ME SAYING
WHY ARE YOU PUTTING SUCH LABEL CASE OUT THERE?
I AM NOT, I'M STICKING WITH THE PRICES ARE GOING.
WHY NOT GET INTO THIS ASSET? FIONA:
PEOPLE CASE IS QUITE CLEAR. THERE ARE CONCERNS THAT WE HAVE
SEEN THESE PARABOLIC RALLIES IN BITCOIN BEFORE AND THEY HAVE
RESULTED IN A DECLINE. IF HISTORY IS GOING TO REPEAT
ITSELF, IF WE ARE LOOKING AT T
HE CHARTS OF WHERE WE WERE IN
2021, WE HAVE SEEN THIS STEEP RALLY FOLLOWED BY A STEEP DROP.
THERE IS A CONCERN, IS IT OVERDONE? I DO STILL THINK DESPITE THE
SUGGESTIONS THERE COULD BE A VERY CASE, IT IS DIFFICULT TO
HUNT IN ON THAT WHEN THERE ARE SO AUGUST THE IN FAVOR OF A
BULLISH CASE. LOOKING AT THE ETF DEMAND WE
ARE SEEING, KEEP IN MIND IN FACT WE HAVE THE HAVING EVENT
IN APRIL WHICH IS GOING TO SLOW DOWN THE SUPPLY OF BITCOIN.
THESE FACTORS COMBINED REALLY SUPPORT THAT. PERHAPS WE COULD CDF
DEMAND --
ETF DEMAND START TO FALL OFF BUT I DON'T SEE THAT HAPPENING.
THIS HAS FLUNG OPEN THE DOOR TO INSTITUTIONAL INVESTORS AND
THAT IS WHAT IS HELPING US PRICE HIGHER. ED:
I AM INTERESTED IN THIS IDEA OF BEING IN PRICE DISCOVERY MODE
AND THE DATA THAT INFORMS THEIR THESIS. IF YOU ARE IN EQUITIES INVESTOR, YOU CAN LOOK ON THE
THIRD PARTY DATA, CREDIT CARD TRANSACTIONS TO DECIDE IF A
CONSUMER IS STRONG OR NOT. WHAT ARE THE DATA SETS YOU LOOK
AT TO INFORM YOUR VIEW OF WHAT WE CALL OUR RISK ASS
ETS CHOICE
ON THIS SHOW, BITCOIN, AWAY FROM JUST CHECKING THE PRICE?
FIONA: THE DATA WE HAVE BEEN GETTING
ON ETF INFLOWS AND OUTFLOWS HAS BEEN A HUGE HELP IN TRYING TO
DECIDE WHERE THE NEXT MOVE IS GOING WITH BITCOIN.
THAT HAS BEEN ONE OF THE MAIN DRIVERS WE HAVE BEEN WATCHING.
BLOCKCHAIN DEMAND IS SOMETHING ELSE AS WELL. ALSO RISK SENTIMENT, WE KNOW
RISK SENTIMENT BROADLY IS UPBEAT AT THE MOMENT AS FAR AS
THE NASDAQ AT ALL-TIME HIGHS. WE HAVE EXPECTATIONS THAT THE
FEDERAL RESERVE ARE GOING TO B
E CUTTING INTEREST RATES AT SOME
POINT. I DON'T THINK YOU CAN COMPLETELY REMOVE THAT ANALYSIS.
THE ETF DATA HAS BEEN A MASSIVE DRIVING POINT AT THE MOMENT. ED:
CITY INDEX MARKET ANALYST, GREAT TO HAVE YOU ON THE
PROGRAM. COMING UP, AUTODESK CEO ANDREW
ANAGNOST JOINS US. THERE IS A SOFTWARE AND
HARDWARE SIDE TO THIS STORY I AM KEEN TO GET INTO.
THAT CONVERSATION IS COMING UP NEXT.
THIS IS "BLOOMBERG TECHNOLOGY." ED:
AUTODESK OUT WITH EARNINGS THAT BEAT EXPECTATIONS, SHARES
SEEING THEIR BIGGEST JU
MP SINCE NOVEMBER 2024 -- 2022. LET'S BRING IN THEIR CEO TO SEE
WITH THE STREET SEEMS TO LIKE. YOU HAD CLEAR AREAS OF STRENGTH
AND ENTERPRISE BUT THEY BELIEVE YOUR VISIBILITY OF EARNINGS TO
COME, THE PIPELINE OF NEW BUSINESS AND REVENUE FOR THIS
YEAR. WHY ARE YOU SO CONFIDENT IN
YOUR ABILITY? ANDREW: WE ARE CONFIDENT IN OUR
VISIBILITY BECAUSE OF OUR DIVERSIFICATION.
WE ARE DIVERSIFIED ACROSS ALL THINGS THEY GET MADE IN THE
WORLD. BUILDINGS, INFRASTRUCTURE,
PRODUCTS, YOU NAME IT. IF YOU LOOK AT O
UR HISTORY, WE
HAVE A RECORD OF DELIVERING CONSISTENT PERFORMANCE EVEN
WHEN THERE ARE DARK CLOUDS OVER ONE PART OF THE INDUSTRY.
THAT IS ONE OF THE THINGS THAT GIVES US CONFIDENCE,
DIVERSIFICATION OF OUR BUSINESS. CAROLINE:
WHAT HAS BEEN THE FLAVOR OF THIS EARNINGS AND PREVIOUS
WRITINGS HAS BEEN INJECTING AI INTO EVERY OFFERING THEY CAN.
WHAT IS THE REALITY ARTIFICIAL INTELLIGENCE BRINGING TO
MANUFACTURING? ANDREW: PERGOLAS OF ALL OF THE HYPE
AROUND AI, IT IS A LONG-TERM GAME. THE WINNERS ARE GO
ING TO BE
PEOPLE THAT DELIVER REAL PRODUCTIVITY.
WE HAVE BEEN DOING THIS FOR A WHILE. WE HAVE BEEN IN AI FOR A
DECADE. WHAT YOU ARE GOING TO SEE IS IN
THE ONGOING PACE OF CAPABILITIES ROLLING OUT TO OUR
CUSTOMERS. WE RECENTLY QUIETLY ROLLED OUT
A DRAWING AUTOMATION TECHNOLOGY. IT AUTOMATES THE CREATION OF
MANUFACTURING DRAWING STATUS WHICH IS A HUGE PRODUCTIVITY
GAIN FOR OUR CUSTOMERS DRIVEN BY AI.
YOU SEE A BUNCH OF THOSE THINGS THAT LOOK LIKE BOTTOM UP
ACTIVITY ENHANCERS. YOU'RE ALSO GOING TO
SEE
TOP-DOWN THINGS THAT CREATE 3D MODELS FROM REQUIREMENTS
OUTCOMES PEOPLE ARE TRYING TO ACHIEVE. ED:
I REPORTED ONE YEAR AGO ALMOST TO THE DAY THAT YOU WERE
WORKING CLOSELY WITH META TO TAKE THE QUEST PROBE AND GIVE HIM MORE -- QUEST PRO AND GIVE
HIM MORE -- HOW IS THAT RELATIONSHIP GOING AND HAVE YOU
ANY VISION PRO THOUGHTS ABOUT HOW YOU CAN BENEFIT? ANDREW:
IT IS RIGHT THERE BEHIND ME ON THE SHELF. I AM AN ACTIVE USER. WITH A LOT OF TECHNOLOGY
TRENDS, YOU HAVE GOT TO PLAY THE LONG GAME.
VIRT
UAL WORLDS, AUGMENTED AND EXTENDED REALITY, AS THE
HARDWARE MATURES AND CAPABILITY MATURES, THESE ARE GOING TO
HAVE IMPACTS ON HOW OUR CUSTOMERS WORK.
WE HAVE BEEN MAKING PROGRESS WITH THESE THINGS.
WE RELEASED WORKSHOP TO OUR CUSTOMERS.
WE ARE GOING TO BE RELEASING IT LATER THIS YEAR.
KEEP WATCHING AS THIS HARDWARE EVOLVES.
THE VISION PRO AND ONE OF THE REASONS I HAVE BEEN USING IT IS
A CANONICAL REPRESENTATION OF IF YOU THROW ALL THE TECHNOLOGY
AT YOU TECHNOLOGY YOU CAN, CAN YOU SOLVE PROBLEMS
WITH NAUSEA
AND DISORIENTATION? THEY ARE ABLE TO SOLVE THOSE
PROBLEMS. THAT MEANS THIS IS GOING TO GET MORE PRACTICAL AND
YOU ARE GOING TO SEE IT BECOME MORE UBIQUITOUS. CAROLINE: GREAT GETTING SOME TIME WITH
COPY OF -- SOME TIME WITH YOU. THAT IS A GREATER SHELF BEHIND
YOU. ANDREW ANAGNOST. WE ARE GOING
TO ABOUT HOW AI IS INJECTING GROWTH INTO AN OLD-SCHOOL
SCHOOL NAME, DELL. SHARES RAPIDLY RISING ON THE
BACK OF AI SERVICE. THEY ARE EXCITING INVESTORS.
WE WILL TELL YOU WHY. 27% RALLY. THIS IS
BLOOMBERG TECHNOLOGY. โช CAROLINE:
WELCOME BACK TO "BLOOMBERG TECHNOLOGY." I AM CAROLINE HYDE.
ED: I AM ED LUDLOW. THERE'S A LOT GOING ON STARTED
WITH CRYPTO. YOU HAVE BEEN DOING WORK TO
KEEP US HONEST ABOUT AN INTENSE FIVE DAYS.
I AM NOT CLEAR WITH THE CATALYST FOR THIS IS. PRICE DISCOVERY MODE BUT
BITCOIN ABOVE $61,000 PER TOKEN. WE WILL HAVE A CONVERSATION
ABOUT THAT. IN THE MARKET EQUITY SIDES OF
THINGS, WE ARE PASSING SO MUCH ECONOMIC DATA, SO MUCH FOR
SPEAK. THE CONCLUSION SEEMS TO BE AS
OF
THIS MORNING THAT WE ARE SOLIDIFYING RATE CUT THAT'S FOR
JUNE. I DON'T KNOW WHERE WE ARE AT.
THEY NASDAQ 100 IS UP. DELL UP 25%.
IT IS LIKE THE MARKET NEVER KNEW THEY HAD THIS SERVER
BUSINESS AND THE AI INFRASTRUCTURE BILL THAT WOULD
HELP US OUT. FISKER IS DOWN 45%. WE WILL SPEAK TO THE CEO IN 10
MINUTES. THAT IS A SEVERE MOVE AND THERE
IS A DOUBT ABOUT THIS COMPANY'S ABILITY TO CONTINUE OPERATING.
LET'S GET BACK TO THE DELL STORY. I WAS BEING FLIPPANT BUT THAT
IS THE STORY, THEY HAVE A SERVER
BUSINESS BENEFITING FROM
THE AI INFRASTRUCTURE SPEND AND BUILD OUT HAPPENING AROUND THE
WORLD. WOO JIN:
THAT IS EXCEPT THE RIGHT. WE SEE THE INFRASTRUCTURE AND
CLOUD GUYS WORKING TOGETHER. THIS BUSINESS DID NOT HAVE ANY
SALES IN 2024 AND THAT IS GOING FROM ZERO TO $2 BILLION IN 2025.
CAROLINE: THAT IS AMAZING CONTEXT.
WHAT IS AMAZING IS THE CONTEXT OF DELL BECAUSE REVENUES FELL
YET THE STOCK SEARCHES AND YOU MUST THINK THIS MAKES UP FOR PC
WEAKNESS. WOO JIN: CAN YOU REPEAT THAT? CAROLINE:
USA TH
AT THIS FERVOR IS GOING TO MAKE UP FOR THE WEAKNESS WE
SEE IN BPC SALES -- IN THE PC SALES. WOO JIN:
ONE OF THE CATCHPHRASES I AM THINKING OF IS A TRIPLE
TAILWIND. WHAT YOU ARE SEEING IN 2025 IS
A RECOVERY IN PC SALES AND THAT IS GOING TO CONTRIBUTE ABOUT 3%
GROWTH. AT THE END OF THE DAY IT IS
GOING TO BE THE REBOUND IN SERVER BUSINESS HELD BY AI. ONE THING I WILL SAY IS
COMPANIES WERE TRIALING OUT AI AND WHAT IS GOING TO HAPPEN IS
GOING FROM TRIALS TO PRODUCTION WHICH IS HELPING DRIVE OF THE
SA
LES IN FISCAL YEAR 25. CAROLINE:
WE JUST STARTED TO TOUCH THE AI OPPORTUNITIES IS WHAT WE HEARD
FROM THE COO AND THE STATEMENTS. WOO JIN, BRILLIANT TO GET YOUR
TAKE. LET'S GET BACK TO BITCOIN. WE HAVE BEEN DOING BOOKKEEPING
ON IT. BITCOIN CLIMBING FOR THE SEVENTH CONSECUTIVE DAY.
THE CURRENCY IS GOING TO REACH NEW HIGHS.
HERE IS WHAT -- HAD TO SAY. >> WE HAVE GONE TO FROTHY
LEVELS. I WOULD NOT BE SURPRISED TO SEE
SOME CORRECTION AND CONSOLIDATION. I AM LOATH TO PICK A BITCOIN
HIGH BECAUSE I BELI
EVE THIS IS PRICE DISCOVERY. CAROLINE:
MIKE NOVOGRATZ, LET'S TALK ABOUT IT. EVERYONE IS WONDERING WHETHER
$69,000 IS THE LEVEL WE ARE GOING TO HIT.
BY THE PEOPLE DO TALK TO IN THE MARKET AND DISSIPATING IT? >> THE CURRENT RALLY TOOK
PEOPLE BY SURPRISE. PEOPLE BELIEVE BITCOIN WILL
RECOVER BUT NO ONE SAW IT COMING AND RISING SO MUCH SO
QUICKLY AND THIS WEEK BITCOIN SURPASSED THE SIXTH OF THOUSAND
DOLLARS -- THE $60,000 LEVEL. THE NEXT LEVEL IS $69,000 WHICH WOULD BE THE RECORD HIGH
REACHED IN 2021
. GENERALLY SPEAKING, WE ARE
SEEING VERY SUCCESSFUL RESULTS THAT GOT APPROVED IN JANUARY
AND WHEN YOU'RE LOOKING TO EASE THE TOKENS, YOU ARE SEEING
MOMENTUM AS WELL. ED: THE BANNER AT THE BOTTOM
REMINDS THE AUDIENCE THAT CRYPTO TRADES 24/7 AND RIGHT
NOW BITCOIN IS SOFTER, .1%, $61,350.
TALKING ABOUT PRICE DISCOVERY AND THE NEW ARMY OF INVESTORS
COMING IN BECAUSE OF THE ACCESSIBILITY OF SPOT BITCOIN
ETF. HOW CLOSELY IS THE CRYPTO TEAM
TRACKING THAT DATA? YUEQI: WE ARE TRACKING THE NET FLOWS
ASSOC
IATED WITH THE ETF EVERYDAY. THE NUMBER WE ARE SEEING THIS
WEEK IS SINCE THEIR LAUNCH THEY HAVE ATTRACTED OVER $7.5
BILLION INTO ETF. WE ARE TRACKING BRITTLE
PURCHASE. WE KNOW A LOT OF THE BUYING IS
COMING NOT ONLY FROM BITCOIN ETF BUYERS WITH RETAIL
INVESTORS, TRADING OFFSHORE EXCHANGES IN ASIA. MIKE YESTERDAY WARNED ABOUT THE
LEVERAGE RETAIL PEOPLE ARE USING ON THIS OFFSHORE
EXCHANGES. HE SAID, HE RISK OF CORRECTION
AND IF THERE IS A CORRECTION, HE COULD EVEN SEE BITCOIN
DROPPING TO THE MID-$5
0,000 RANGE. ED: CORRECTION, MID-$50,000 AND
THAT BOUNCING TO A NEW HIGH. GREAT TO HAVE YOU ON THE SHOW.
COMING UP, ANOTHER FORMER RIVIAN EXECUTIVE JOINS
ADVENTURE FIRM. THEY ARE BUILDING A KING OF
FORMER EV FOLKS. SHARES OF A PUBLICLY TRADED
COMPANY. CAROLINE: WHILE WE DOUBLE DOWN ON
MANUFACTURING WITH AI AND TECH, LET'S GO TO CYBERSECURITY.
THE SCALER IS OFF. THIS AFTERWORD IS ABOUT GROWTH
IN THE SECOND-QUARTER BUILDINGS, NOT AS STRONG AS
EXPECTED. WE SAW THAT WHEN PALO ALTO
NETWORKS AND DISAP
POINTMENT AFTER A RUN-UP IN THE SHARES.
THEY ARE REMAINING POSITIVE ON-DEMAND.
AT THE MOMENT, WEAKNESS AS THEY SEE A MATERIAL DECELERATION IN
BUILDINGS. FROM NEW YORK AND SAN FRANCISCO, THIS IS "BLOOMBERG
TECHNOLOGY." ED:
FOR SCRIPTURES PLUNGING TO DATE AFTER THE EV MAKER ISSUED A
CONCERN MORNING AND IS SEEKING FINANCIAL LIFELINES AS
LIQUIDITY CHALLENGES PUT DOUBT ON ITS SURVIVAL.
DOWN BY THE MOST ON RECORD, TRADING AROUND $.40 PER SHARE,
MILES AWAY FROM ITS EV SPAC EUPHORIA. LET'S BRING IN VCU,
HENRIK
FISKER. WE ARE GRATEFUL FOR YOU COMING
BACK ON THE SHOW. YOU ARE TALKING TO A SINGLE
AUTOMAKER AND YOU ARE NOT NAMING THAT AUTOMAKER BUT THE
HOPE IS YOU FORM A PARTNERSHIP AND THAT INCLUDES AN INVESTMENT
FROM THAT AUTOMAKER INTO YOUR BUSINESS TO GIVE YOU A CASH
INJECTION. WHY WOULD THE AUTOMAKER DO THAT
AT A TIME WHEN EV DEMAND FOR GROWTH IS SLOWING AND THE
LEGACY OEM'S ARE PULLING BACK? HENRIK: GOOD TO BE ON THE SHOW.
WE HAVE SHOWN WE HAVE DELIVERED A VEHICLE WHICH IS THE FIRST
REAL COM
PETITOR TO THE WORLD BEST'S EV, THE TESLA MODEL BY.
IT HAS A LONGER-RANGE, MORE FEATURES THAN TESLA MODEL WIFE
-- MODEL Y. EVERYONE WAS TO KILL US BECAUSE
NO ONE LIKES TO DISRUPT OR COMING INTO THE MARKET AND
DOING THIS. I THINK WE HAVE VALUE AND WE
HAVE PROVEN IT. WE HAVE TWO VEHICLES READY TO
GO, BOTH AN AFFORDABLE EV AND ELECTRIC PICKUP TRUCK.
WE HAVE A LOT TO OFFER. IT WILL BE GREAT TO GET A LARGE
OEM IN. AS WE PIVOTED TO OUR DEALER
MODEL, I FEEL WE ARE DOING REALLY WELL DESPITE ALL THEIR
WA
RNINGS AND CONCERNS UP THERE. I THINK WE HAVE A LOT TO OFFER.
ED: THE SHORT QUESTION IS WHAT HAPPENS IF THERE IS NO SAVIOR. YOU EXPLAINED YOU HAVE $500
MILLION OF FINISHED GOODS INFANTRY -- INVENTORY AND PARTS
INVENTORY. IT HAS NOT WORKED SELLING TO
THE CONSUMER SO YOU ARE SHIFTING TO A DEALER MODEL AND
YET THESE CARS READY TO SELL ANYTHING THAT WILL UNLOCK CASH
PRETTY QUICK. HOW CAN YOU TELL ME WITH
CONFIDENCE THAT IS GOING TO WORK , TO START GETTING CARS
INTO CONSUMER HANDS? HENRIK: I DON'T TH
INK WE'RE LOOKING FOR
A SAVIOR, A STRATEGIC PARTNER, THAT IS NUMBER ONE.
NUMBER TWO, WE HAVE A LOT OF INVENTORY WE HAVE PURCHASED
COME ABOUT $500 MILLION WHICH MEANS WE CAN UNLOCK THAT CASH
AND WE HAVE ALREADY SIGNED UP 17 DEALERS LOCATIONS IN THE U.S.
AND EUROPE. THE DEALERS ARE EXCITED TO GET
OUR VEHICLE BECAUSE FINALLY THEY CAN GET A HOLD OF AN
INDEPENDENT EV MAKER. THE DEALERS IN THE U.S.
HAVE BEEN LOOKING OVER THE FENCE 10 YEARS, LOOKING AT THE
BEST-SELLING ELECTRIC VEHICLE, THE TESLA MODEL
Y -- FINALLY
THEY GET ONE, THE FISKER MOTION WITH A RANGE LONGER THAN THE
TESLA, BETTER PRICED, AND OUR DO THIS ARE ECSTATIC.
THEY HAVE NOT BEEN ABLE TO HAVE A PRODUCT LIKE THIS BEFORE.
THIS IS GOOD TO GO WITH WELL FOR US -- GO WELL FOR US.
ALREADY WE HAVE MORE THAN NINE. CAROLINE:
YOU SAY YOU ARE AN INDEPENDENT ALTERNATIVE, NOT LOOKING FOR A
SAVIOR, A PARTNER. WHAT LENGTHS WOULD YOU GO TO TO
ASSURE YOU REMAIN A VIABLE BUSINESS.
WOULD YOU GIVE UP A MAJORITY CONTROL? HENRIK:
I BELIEVE YOU ARE A
VIABLE BUSINESS IN THE SENSE WE HAVE A
GREAT PRODUCT, WE ARE SENDING ON DEALERS, WE WILL GENERATE A
LOT OF CASH WITH THE VEHICLES WE ARE SELLING BECAUSE THEY ARE
PAID FOR ALREADY, SO IS A LOT OF OUR INVENTORY.
AT THIS POINT IN TIME, WE ARE LOOKING AT A PARTNER.
I DON'T THINK WE NEED TO DISCUSS ARE WE SELLING THE
BUSINESS, ETC.. WE ARE IN DISCUSSIONS WITH A
VERY LARGE CAR COMPANY AND THAT IS WHAT WE ARE IN AND TO
FINISH, THAT DISCUSSION, AND MAKE A STRATEGIC PARTNERSHIP.
CAROLINE: THAT THE PARTNE
R YOU ARE IN
TALKS WITH, BY THE AMERICAN? DO THEY HAVE TO BE AMERICAN?
COULD YOU LOOK TO CHINA? MANY WOULD SAY THE COMPETITOR
TO TESLA IS BYD BUT THERE ARE LIMITATIONS TO HAVING
PARTNERSHIPS WITH CHINESE RIGHT NOW. HENRIK:
THEY ARE NOT CHINESE. THERE IS NOBODY BUT US TO HAS
ANY ACTUAL VIABLE COMPETITOR TO TESLA MODEL Y.
NO ONE HAS A VEHICLE WITH A LONGER-RANGE THAN TESLA EXCEPT
FOR US AND WE HAVE A BETTER PRICE.
EVERYBODY WAS TO KILL US BUT WE HAVE SEEN MULTIPLE CAR
COMPANIES INTERESTED IN US BE
CAUSE OF THAT.
WE DON'T TALK ABOUT HAVING A PRODUCT IN TWO OR THREE YEARS,
WE ARE TALKING ABOUT HAVING A NOW. IT IS READY. IT -- WE DO NEED U.S. MANUFACTURING AND THAT IS WHAT
THIS OEM IS OFFERING US. ED: YOU SAY THEY ARE TRYING TO KILL
US, ONE THING YOU EXPLAINED WAS YOUR GUIDANCE, 20,000 EV
DELIVERIES THIS YEAR AND YOU ARE CONFIDENT IF DEMAND
IMPROVES YOU CONDYLE OF THE PRODUCTION AND DELIVERY MORE OF
THEM. EXPLAINED THAT IN CONTEXT WITH
THE VISION TRIP WITH MAGNA AND YOUR BUSINESS MODEL BECAU
SE
THAT SEEMS TO BE THE CONFIDENCE YOU HAVE THAT YOU CAN GET
YOURSELF OUT OF THIS SITUATION. HENRIK: MAGNA CAN PRODUCE 70,000
VEHICLES FOR US. WE ARE GOING OUT WITH A
CONSERVATIVE 20,000 DELIVERIES THIS YEAR.
IF WE SEE THERE IS MORE DEMAND, WE HAVE A FEW DEALERS TELLING
US ARE YOU SURE YOU CAN'T DELIVER US ENOUGH CARS BECAUSE
WE THINK WE CAN SELL MORE THAN WHAT YOU ARE OFFERING US.
WE CAN THEN DIAL UP THE PRODUCTION VERY EASILY.
THAT IS SOMETHING THAT IS VERY UNIQUE.
WE HAVE A CONTRACT MANUFACTU
RER AND I AM CONFIDENT WE CAN
EASILY SELL THE 22,000. WE WANT TO START CONSERVATIVELY
AND IF WE WANT TO DO MORE, WE CAN DIAL UP PRODUCTION.
CAROLINE: HEINRICH FISKER, THANK YOU FOR
JOINING US TODAY. WE APPRECIATE IT.
ECLIPSE HAS HIRED ANOTHER HIGH-PROFILE RIVIAN ALUMNI TO
INVEST IN MODERN PHYSICAL INDUSTRIES.
THIS TIME IT IS RIVIAN'S FORMER CHIEF INVESTMENT OFFICER.
HE JOINS US NOW ON THE MOVE TO VENTURE CAPITAL.
YOU HAVE A PREVIOUS CONSULTING BACKGROUND AND INDEED
OPERATIONS, BUT NOT INVESTING.
WHAT DRAWS YOU TO INCLUDES BEST
TO ECLIPSE -- DRAWS YOU TO ECLIPSE? JITEN:
TAKE YOU FOR HAVING ME HERE. WHEN I LEFT RIVIAN, THE FIRST
THING I HAD TO DO WAS RESET AND DO SELF REFLECTION ON MY
JOURNEY. I JOINED THE COMPANY IN 2015.
AT THAT TIME, JUST A FEW OF US. THERE WAS NO TECHNOLOGY, NEW
PRODUCT, NO BRAND, NO SUPPLIERS. NO INVESTORS, NOBODY FACTORING.
-- NO MANUFACTURING. TO TAKE THAT COMPANY FROM THAT
STAGE TO EIGHT YEARS LATER LECTURING 3 -- IN NINE MONTHS,
DELIVERING TO OUR CUSTOMERS, A FI
RST YEAR OF PRODUCTION AND
ANY IPO ALONG THE WAY, THE INSIGHT I HAD WAS HOW MUCH I
ENJOYED BUILDING THE BUSINESS. THE EXPERIENCE THAT I HAD WAS
SO UNIQUE. TAKING THE COMPANY FROM ZERO TO
ONE. I WANT TO MAKE SURE WHATEVER I
DO NEXT, IT LEVERAGES THAT EXPERIENCE.
I WANTED TO STAY IN THE STARTUP ECOSYSTEM AND HELP BUILD
COMPANIES. I UNDERSTOOD THE JOB DESCRIPTION IS TO HELP THE
FOUNDERS. I KNOW THE READY ZIP CODE.
-- THE RIGHT ZIP CODE. ED: RIVIAN IS SO FAR AWAY FROM WHEN
I FIRST GOT TO KNOW YOU AN
D RJ, IT WAS JUST A COUPLE DOZEN
PEOPLE IN A SHED. SOMETHING IS MISSING. A LOT OF THE PROBLEMS IN THE EV
INDUSTRY IS THE TECHNOLOGY IS NOT THERE IN WHAT RUN ANOTHER
AREA. ARE YOU CONFIDENT YOU CAN HELP
ECLIPSE FIND WHATEVER THAT IS? JITEN: ABSOLUTELY.
IS THIS HIS HEAD THE OPERATED IN THESE LONG WAVES OF
INNOVATION CYCLES. BIZ INNOVATION CYCLES TEND TO
DISRUPT MARKETS AND SECTORS THAT CREATE OUTSIZED VALUE.
IN THE LAST WAVE OF THE SOFTWARE AND INTERNET CHANGED
THE WAYS WE LEVERAGE DATA, HOW WE CO
NNECTED WITH EACH OTHER
AND CREATED MASSIVE SOFTWARE BUSINESSES.
IF WE LOOK AT THE CURRENT WAVE IN THE STAGES, THE DEEPEST AT
THE BROADEST IMPACT WE ARE GOING TO HAVE IS ON THE
PHYSICAL INDUSTRIES. IS NOT DIFFICULT TO IMAGINE
WHAT YOUR ANSWER TO TECHNOLOGY AND AI IN THESE INDUSTRIES, HE
HAVE MASSIVE IMPACT ON COSTS, SAFETY, NEW PRODUCTS.
ECLIPSE HAD THIS THESIS OF TURNING BACK. ED: WE KNOW THE ECLIPSE, WE HAD
PARTNERS ON THIS SHOW, RIVIAN IS HAVING A HARD TIME.
THEY CUT JOBS, A LOT OF RIDING ON
THE R2.
ARE THERE LESSONS YOU HAVE LEARNED, MISTAKES YOU HAVE MADE
THAT YOU CAN HELP A STARTUP? JITEN:
A FEW ON TOP OF MY MIND, NUMBER ONE EMBRACE COMPLEXITY.
MAKE COMPLEXITY YOUR FRIEND. THAT IS THE ONLY THING TO
CREATE LONG-TERM. HAVE THAT INTENSE FOCUS,
ESPECIALLY IN THE EARLY YEARS. ANSWER THE QUESTION, WHY DOES
THE WORLD NEED ANOTHER COMPANY IN THAT SEGMENT.
EVEN AS YOU GET MONEY, IT IS IMPORTANT TO DETAIL THAT FOCUS.
MOST STARTUPS DON'T FEEL BECAUSE OF STARVATION, IT IS
BECAUSE OF INDIGEST
ION. FINALLY, TAKE BIG RISKS.
YOU ARE GOING TO GO UP AGAINST BIG INCUMBENTS AND CHANGE THE
WAYS BUSINESS OPERATES FOR A LONG TIME. CAP THAT INSTINCT.
CAROLINE: BIG RISKS THAT YOU TAKE IN
SILICON VALLEY, THAT YOU LOOK GLOBALLY FOR OPPORTUNITIES?
WHERE IS YOUR FOCUS GOING TO BE FOR THIS DISRUPTION? JITEN:
OUR FOCUS IS IN THE U.S., NORTH AMERICA.
WE'RE LOOKING FOR FOUNDERS LOOKING TO UPSET THESE MASSIVE
INDUSTRIES. AND THEN FIND APPLICABILITY
GLOBALLY. WE ARE KEEN ON BUILDING THE
INFRASTRUCTURE, TH
E CAPABILITIES, THE TECHNOLOGIES
HERE IN THE U.S. ED: JITEN BEHL, ECLIPSE
TECHNOLOGIES. WE HAVE MORE COMING UP ON THE
SHOW. THIS IS "BLOOMBERG TECHNOLOGY." CAROLINE:
THE 2024 EDITION OF WORLD MOBILE CONGRESS HAS COME OVER
IN BARCELONA AND THE TAKE AWAY THIS YEAR WAS GENERATED AI.
WHAT IS INTERESTING IS WHO IS DOUBLING DOWN ON A USE WITHIN
DEVICES AND WHO ISN'T. APPLE FOR EXAMPLE BEING PUSHED
FOR MORE GENERATIVE AI FEATURES ALL ACCORDING TO ANALYSTS.
MAYBE IF THEY GET AHEAD OF THE GAME THEY CAN S
PARE A BADLY
NEEDED IPHONE REFRESH MODEL, JUMPSTART GROWTH. THIS IS A GREAT PIECE FROM A
TEAM COME ULTIMATELY THERE ARE 2 BILLION DEVICES OUT THERE IN
THE WORLD. IF THEY CAN GET US TO UPGRADE,
TO RENEW WITH GENERATIVE AI, THEY CAN GIVE HUAWEI A RUN FOR
THEIR MONEY. ED: THERE IS FRUSTRATION WITH APPLE
THAT WE DON'T KNOW WHAT THEIR PLAN IS FOR GENERATIVE AI AND
THE TEAM SAYING LOOK AT THE CHINESE HANDSET MAKERS SHOWING
US WHAT IS POSSIBLE. IF YOU GIVE IS THIS DATA POINT,
43% OF IPHONE HANDSETS RID
ING 12 WORLD -- ARE IPHONE 12 OR
OLDER. THEY COULD UPGRADE IF ONLY THEY
KNEW WHAT TOOLS THEY COULD PUT ON THEIR PHONE. CAROLINE:
YOU SAW FROM THE REBELS THAT THEY ARE ALREADY SHOWING
CAPABILITY. SAMSUNG HAS DEBUTED THEIR FIRST
STEPS. THE FACT THAT ANDROID IS ON THE
EQUATION, STILL WAITING FOR AN EYE FOR DO COME OUT WITH SOME
UPDATES TO SIRI IF ANYTHING ELSE. ED: THE FOCUS HAS BEEN X CODE
RATHER THAN IOS. KEEP TRACK OF IT.
I'M SURE IT WILL COME. CAROLINE:
THERE HAS BEEN SO MUCH TO DIGEST. THAT IS
IT FOR THIS
EDITION OF "BLOOMBERG TECHNOLOGY." ED:
RECAP ON THE PODCAST, BIG THANK YOU TO EVERYONE WHO LISTENS TO
THE PODCAST. GET IT ON APPLE, SPOTIFY, IHEART, AND ALL
Comments
Inverters are focused on anything that will justify the insane valuations.
The subtitles can't keep up with the speedUCkszU2WH9gy1mb0dV-11UJg/hcMfY5_zAbbxvwKLooCoCA
Wasn't OPenAI a Foundation? I.e. Tax exempt?
I miss Emily Chang ๐
Regardless of how advanced and conscious that ai will be. If they stay good and always need humans to give instructions then they can do anything. They will still be remain as just a non living thing machine. Just like chatgpt regardless of how smart and advanced it is. Without humans chatting and typing requests and questions to it. It will just be a stationary lifeless machine.
You can't control AI any more than you can control ideas. Any talk of regulating AI is nonsensical.
ืืื ืืคื ืชืืฆืื ืืขืืืจ ืืืง ืืืืงืืืง ืคืจื ืAir ืื ืืืื ืืื ืืืืืช ืืืืื ืืืจ ืืืชืจ ืขื ืืขืืืจ ืขื ืืฉืื ืืืืืจ ืืืชืจ ืฉื ืืืคื ืืืืฉ ืืขื ืืขืืืจ ืื ืคื ืืืง ืืืคืืื ืขื ืืชื ืืงืืืง ืืืคืชืืจ ืืืืื ืืขืืืจ ืืืคื ืืืืฉ ืืืื ืจืืข ืฉื ืื ืืคื ื ืชืืื ืขื ืื ืืฉืืืืืื ืื ืืื ืืื ืืื, ืื ืงืจืืื ืืขืืืจ ืืคื ืขืืืจ ืืืงืืืง ืืืืจ ืคื 2 ืขื ืืคื ืืืืฉ 10 ืืืืืื ืืืจืืื ืื. ืขื ืืคื ืืืืฉ 10 ืืื ืชืืื ืขื ืืชื ืฉืืืื ืื ืืื ื ืื ืงืจืืื ืื ื ืฉืืืื ืืขืื ื ืืช ืืฉืขืื ืขื ืื ืฉืืื. ืืืืืื ืืืืจืืช.
โบ๏ธโบ๏ธโบ๏ธโบ๏ธโบ๏ธโบ๏ธ
Fisker reported that given its financial condition, evolving dealership sales approach, and challenging EV market, it has โsubstantial doubt about its ability to continue as a going concernโ
typical AI script:: We are not like other companies because we have been working on this for a long time
Elon imusk is very ptotected to fighting for the rights things to do thats his idea and is concern about it and thats not a hypocrite elon musk
Crypto market does nothing in real life
Musk, who runs electric vehicle maker Tesla(TSLA.O), opens new tab, rocket maker SpaceX and social media platform X, decided to try to seize control of OpenAI from Altman and the other founders in late 2017, aiming to convert it into a commercial entity in partnership with Tesla, utilizing the automaker's supercomputers, said one source with knowledge of the situation.