>> THIS IS BLOOMBERG TECHNOLOGY
WITH CAROLINE HYDE AND ED LUDLOW. >> I AM ED LUDLOW.
KILLING HYDE IS OFF TODAY. COMING UP, RETHINKING ANY IPO
IN NEW YORK WITH ITS SIGHTS SET ON LONDON AS THE FAST FASHION
COMPANY FACES HURDLES IN THE U.S.. NVIDIA'S SUPERCOMPUTER IS
HOBBLED IN FLORIDA BY LAWS PREVENTING TOP TOWN IT FROM
EVER SITTING FOOT IN THE STATE. WE WILL BRING YOU REPORTING
FROM THE GROUND. LA RAISES $30 MILLION AS IT
LOOKS TO PROVIDEPSE GEN Z USERS. WE WILL DISCUSS THAT. WE ARE COMING OUT OF
THE TAIL
END OF EARNINGS SEASON FOR THE TECHNOLOGY SECTOR AND HEADFIRST
INTO A WEEK WHERE ECONOMIC DATA IS FRONT AND CENTER.
THERE HAS BEEN CHOPPY TRADING, CURRENTLY UP .2%.
YIELDS HAVE BEEN CREEPING HIGHER. PREPARED TO BACK OUR
EXPECTATIONS FOR WHAT THE FED WILLOW WANT TO DO WITH THE RATE
CUT. THE 10 YEAR YIELD, 4.28%. BITCOIN AT JUST BELOW $57,000
PER TOKEN. SIGNIFICANT BECAUSE THAT TOOK
THE GLOBAL MARKET TO $2 TRILLION IN MARKET CAP TOTAL.
I WILL SHOW YOU THAT CHART LATER ON.
THE CRESCENDO O
F THE WEEK, 24 HOURS TIME WHEN WE GET PCE DATA
BECAUSE IT WILL INFORM WHAT THE MARKET THINKS THE FED IS GOING
TO DO AND HIGHER RATES, WE KNOW HOW THAT EFFECTS THE TECH
SECTOR. SINGLE NAMES WE ARE WATCHING,
ZOOM UP 4.7%. HAVE BEEN MUCH HIGHER.
RELIGIOUSLY STRONG OUTLOOK BUT THEY DID SHARE BUYBACK.
A SWEETENER THAT INVESTORS LIKE. NVIDIA HIT PAUSE ON ITS RALLY,
SOFTER AT .2%. WE ARE GOING TO BRING YOU A KEY
STORY IN FLORIDA. GOOGLE IS REBOUNDING, UP .3%.
THERE ARE CONCERNS ABOUT GEMINI AND THE IMA
GE GENERATOR SIDE.
WE ARE GOING TO GO TO ONE ANALYST WHO HAS PUT THOSE
CONCERNS AT THE CENTER. THOSE ARE SOME NAMES -- NOW
TRAITS -- NOW NAMES THAT ARE ALREADY TRADING. FAST FASHION COMPANY SEHEIN IS
CONSIDERING LISTING OVERSEAS. IT IS HEADQUARTERED IN
SINGAPORE AND IS CONSIDERING LISTING IN LONDON. SHEIN IS WORKING ON HIS
APPLICATION FOR THE U.S. WHICH REMAINS ITS PREFERRED
LOCATION. REPORTING WITH MAURICE
BLOOMBERG'S -- GOOD AFTERNOON. THIS COULD BE BIG FOR LONDON'S
MARKET. >> THIS COULD BE HU
GE FOR
LONDON'S MARKET. LONDON'S MARKET HAS BEEN
HARD-HIT. THE ECONOMY HAS SLOWED BUT THE
DROP IN LONDON LISTINGS HAS BEEN REALLY STUCK, JUST UNDER
MILLION WAS RAISED ALL THROUGH 2023.
A DEAL OF THIS SIZE, A LOOK AT SHEA LISTING LIKE SHEIN COULD
BE THE BOOST THE MARKET HAS BEEN WAITING FOR. ED:
CAN LONDON EVEN SUPPORT AN IPO OF THIS SIZE?
WE KNOW WHAT THE WONDERS -- WE KNOW THE NUMBERS SHEIN MIGHT
LOOKING AT. IPO BACK TO MARTIN IN
SEPTEMBER, IS THE INVESTOR BASE THERE TO BACK A LONDON-BASED
IPO?
SWETHA THAT IS THE -- SWETHA:
THAT IS THE BILLIONS OF DOLLARS QUESTION.
THAT IS WHAT PEOPLE SAY IS HOLDING LONDON BACK.
THERE IS NOT APPETITE HERE FOR FAST-GROWING YOUNG COMPANIES
THAT HAVE UNPROVEN BUSINESS MODELS.
SHEIN IS DOING VERY WELL BUT THERE ARE PROBLEMS. WHERE IT
COMES FROM, ETHICALLY, AND HOW IT SHOULD BE VALUED. MORE BROADLY, THERE ARE
QUESTIONS ABOUT HOW LONDON MANAGES VALUE COMPANIES.
THIS IS THE IDEA THAT THEY DON'T VALUE GROWTH AS HIGHLY AS
THEIR U.S. COUNTERPARTS WHICH IS WHY W
E
HAVE SEEN A LOT OF BRITISH BOUGHT TECH COMPANIES USING NEW
YORK OVER LONDON. ED: ISED: THE IPO TO WATCH THIS YEAR.
GREAT TO CATCH UP WITH YOU. STAYING WITH THESE OUT OF THE
U.K., SONY'S PLAYSTATION KNOWN FOR THE SING STAR SERIES, AS
WELL AS MODULE -- MULTIPLE VIRTUAL REALITY GAMES, WAS SHOT
DOWN. SONY LAYING OFF MY HUNDRED EMPLOYEES ACCOUNTING FOR A
PERCENT OF ITS FIGURE GAME DIVISION.
IT WILL AFFECT GAME MAKERS ACROSS THREE OF ITS MOST
SUCCESSFUL SUBSIDIARIES, INSOMNIAC, NAUGHTY DOG, AND
GUER
RILLA. THE NEWS COMES AFTER THE
COMPANY REPORTED IT WOULD BE CUTTING PROJECTIONS FOR ITS
PLAYSTATION 5 CONSOLE. THE HEAD OF PLAYSTATION STUDIO
SAID THE COMPANY HAS ALSO DECIDED TO CANCEL SEVERAL GAMES
IN DEVELOPMENT. LET'S TURN TO NONE OTHER THAN
NVIDIA. FLORIDA GOVERNOR RON DESANTIS
INITIALLY PREDICTED A SUPERCOMPUTER BANKROLLED BY
CHRIS MAKOWSKI AT THE UNIVERSITY OF FLORIDA WOULD BE
A MAGNET FOR AI TALENT. ALMOST FOUR YEARS LATER,
DESANTIS'S ANTI-CHINA STANCE IS PREVENTING SOME OF THE MOST
HIG
HLY SKILLED AND RESEARCHERS FROM EVER SETTING FOOT IN STATE.
JOINING US IS MICHAEL SMITH, WHAT A STORY IT IS, ONE OF THE
MOST READ ON ALL BLOOMBERG PLATFORMS. THERE IS A
SUPERCOMPUTER IN FLORIDA, AND INCLUDES NVIDIA BACKING AND
TECH, BUT THAT COMPUTER IS NOT GETTING THE COMPUTER SCIENTISTS
IT NEEDS TO SUPPORT IT. MICHAEL: THAT IS BASICALLY IT.
LAST YEAR, GOVERNOR DESANTIS AS PART OF HIS CAMPAIGN BACKED AND SUPPORTED A LAW
THAT PROHIBITS STATE UNIVERSITIES IN FLORIDA FROM
HIRING GRADUATE STUDENTS
, PHD STUDENTS, FROM CHINA, IRAN, AND
FIVE OTHER COUNTRIES OF CONCERN. THEY BASICALLY CANNOT BRING
THEM OVER TO STUDY AND PERFORM RESEARCH IN ANY FIELD,
INCLUDING AI. THAT HAS PUT A HAMPER ON WHAT
THE UNIVERSITY OF FLORIDA'S. A FEW YEARS AGO THEY BUILT THE
HYPER GATOR AI, THE FASTEST SUPERCOMPUTER ON A COLLEGE
CAMPUS. CHRIS WHO IS AN ALUMNUS
BASICALLY PAID FOR IT IN CONJUNCTION WITH NVIDIA.
THEY GOT HIS AMAZING 70 MEN DOLLARS COMPUTER BUT THEY HAVE
A SHORTAGE OF TOP -- $70 MILLION COMPUTER BUT T
HEY HAVE
A SHORTAGE OF TOP TALENT TO TAKE CARE OF IT.
THAT IS PUTTING A HAMPER ON WHAT THEY WANT TO DO. ED: NVIDIA DECLINED TO COMMENT FOR
YOUR STORY BUT I DID SPEAK WITH NVIDIA'S CEO TWO WEEKS AGO AND
ON THE ISSUE OF CHINA, THIS IS WHAT HE HAD TO SAY. >> WE HAVE TO COMPLY WITH
AMERICAN POLICIES. WHATEVER THE RULES AND
REGULATIONS ARE, WE WILL NUMBER ONE COMPLY WITH THAT. THE U.S.
WOULD LOVE TO SEE US BE A SUCCESSFUL COUNTRY YOU'D ONE OF
THE PILLARS OF NASHVILLE -- NATIONAL SECURITY. ED:
FOR NVI
DIA SIDE IS CLEAR, WE COMPLY WITH THE RULES AND
REGULATIONS WITH THE COUNTRY AND THEY WANT AMERICA TO BE THE
MOST COMPETITIVE SOURCE OF AI TALENT IN OPERATION. GO TO RON DESANTIS'S SIDE, WHAT
IS THE CONCERN THEY HAVE IN LETTING IN TALENT OVERSEAS
WORKING IN THE FIELD OF ARTIFICIAL INTELLIGENCE?
MICHAEL: RON DESANTIS HAS MADE THIS A
BIG TALKING POINT. HE SAYS YOU HAVE TO WORRY ABOUT
CHINESE INTERESTS PURCHASING LAND, FOR EXAMPLE, OR GETTING
ACCESS TO TECHNOLOGY VIA UNIVERSITIES.
BECAUSE THEY MIGH
T BE. SPYING ON THE BEHALF OF THE
CHINESE GOVERNMENT AND SELLING SECRETS.
THE LAW HE PASSED COVER ALL THOSE AREAS.
A BIG FOCUS IS THE UNIVERSITY SIDE.
THEY PASSED THIS SIDE -- THIS LAW SAYING MAJOR RESTRICTIONS
ON BRINGING IN TALENT RESEARCHERS FROM CHINA. HE IS LATCHING ON TO SOMETHING
THAT HAPPENED IN THE U.S. AND OTHER COUNTRIES. FOR EXAMPLE, THE TRUMP
ADMINISTRATION ISSUED A PROCLAMATION THAT ORDER THE
STATE DEPARTMENT TO REJECT THE VISA OF ANY ASPIRING PHD
STUDENT FROM CHINA AND SEVERAL OTH
ER COUNTRIES WHO WERE
SUSPECTED OF HAVING ANY TIES WITH THE MILITARY OR THE
GOVERNMENT IN CHINA. THEY HAVE BEEN DOING THAT AND
THE BIDEN ADMINISTRATION HAS CONTINUED THAT.
THEY REJECTED ALMOST 2000 STUDENTS NOT ALLOWED TO GET
THESIS TO BE PHD RESEARCHERS IN THE TECHNOLOGY FIELDS. THE FOUR A LOT IS THE MOST
DRACONIAN BECAUSE IT PUTS AN END TO PROCESSORS -- PROFESSORS
BRINGING IN TALENT FROM IRAN AND CHINA. LAST YEAR, JUST THE UNIVERSITY OF FLORIDA BROUGHT 1000
STUDENTS FROM THE SEVEN COUNTRIES OF
CONCERN,
PRINCIPALLY CHINA LISTED IN THIS LAW.
LAST YEAR THEY BROUGHT IN 1000. THIS YEAR, ZERO.
IF THEY TALK TO PROFESSORS, THEY SAY THIS IS HAMPERING
THEIR ABILITY TO DO CUTTING-EDGE RESEARCH. ED:
MICHAEL SMITH WITH A VERY IMPORTANT REPORTING.
COMING UP, GOOGLE SAYS IT WILL SOON BE PAUSING THE IMAGE
GENERATING FEATURE FROM ITS GEMINI SUITE OF TOOLS.
THIS IS SOMETHING THAT HAS BEEN ENDLESSLY DISCUSSED.
EBAY REPORTS AFTER THE MARKET CLOSE.
THE STREET IS ZEROED IN ON A GROSS MERCHANDISE VOLUME.
I
T IS AN INTERESTING STORY BECAUSE THEY SEE EBAY HAVING
SUCCESS IN THE U.S. BUT THERE IS WORRY ABOUT THEIR
INTERNATIONAL BUSINESS. THIS IS ONE WE TALK ABOUT LESS
BUT WE WILL BE WATCHING AFTER THE CLOSE.
THIS IS "BLOOMBERG TECHNOLOGY." ED: TIME FOR SOME NEWS.
ALIBABA LEADING THE LARGEST SINGLE FINANCING ROUND FOR A
CHINESE AI STARTUP. BILLION FOUNDING ROUND IS
THE LATEST IN SIZABLE INVESTMENTS THAT SUGGESTS
E-COMMERCE FIND IS DEPLOYING CAPITAL IN THE HUNT FOR GROWTH.
MUGSHOT AI IS AMONG THE BETTER
-KNOWN STARTUPS
DEVELOPING GENERATIVE AI IN CHINA HOPING TO MATCH THE LIKES
OF OPENAI AND GOOGLE. A STARTUP THAT USES ARTIFICIAL
INTELLIGENCE AND SENSORS TO MAP THE UNDERGROUND CLOSED A 05
BILLION -- 05 MILLION FUNDING ROUND.
ESTABLISHED IN JUNE 2021, THE COMPANY MAKES UNDERGROUND MAPS
USED BY THE LARGEST UTILITY, ENERGY, TRANSPORTATION
COMPANIES. INTENSE AI HAS RAISED IN A
FUNDING GROUND TO DEVELOP AI THAT CAN DETECT AND HELP FIX
POTENTIAL HAZARDS IN THE WORKPLACE.
THE COMPANY SAYS IT CAN SAVE
LIVES AND REDUCE ECONOMIC
LOSSES FROM MILLIONS OF ACCIDENTS.
THE NEW YORK-BASED'S STARTUP FINANCING TAKES TOTAL FUNDING
TO $90 MILLION. LET'S STICK WITH THE BIG STORY.
GOOGLE PLANS TO BRING BACK ITS AI FEATURE THAT GENERATES
IMAGES OF PEOPLE IN "THE NEXT COUPLE OF WEEKS"
ACCORDING TO THE TOP AI EXECUTIVE.
GEMINI'S IMAGE GENERATOR HAS BEEN POSITIVE SINCE LAST WEEK
DUE TO CRITICISM OVER INACCURATE HISTORICAL
DEPICTIONS OF RACE. A RECENT NOTE SAYS "THE ISSUE
FOR THE STOCK IS NOT THE DEBATE ITSELF,
IT IS THE PERCEPTION OF
TRUTH BEHIND THE BRAND." HERE TO EXPLAIN THAT QUOTE IS THE MAN BEHIND THE RESEARCH,
THEN -- THE RESEARCH, BEN. WHAT YOU ARE REFERRING TO IS
THE DEBATE HAPPENING ON SOCIAL MEDIA, ALL KINDS OF PEOPLE
WEIGHING IN ON THE RISK OF GOOGLE GETTING IT WRONG.
IS THAT RIGHT? BEN: YEAH. YOU WANT TO MAKE SURE THEY
DON'T HAVE A BUD LIGHT MOMENT. WE ARE NOT SURE.
I DON'T WANT TO WEIGH IN ON THE MERITS OF WORK THEY DID WITH THE DEBATE, IT IS JUST SIMPLE
WHEN YOU NEED PART OF THE POPULATI
ON AND THEY BELIEVE YOU
NOT BE A SOURCE OF TRUTH, THAT IS NOT GOOD FOR BUSINESS.
THEY DID THAT. THEY NEED TO FIX IT AND THEY
NEED TO START GETTING THESE LUNCHES TIGHTER.
YOU CANNOT PUT OUT A PRODUCT THAT IS NOT READY AND SHOWS
IDEOLOGY. WE ARE BELIEVE YOU ARE A
ONCE-IN-A-LIFETIME CROSSROADS RESEARCH IS GOING TO HANDOFF TO
AI FEATURES AND IF THEY ARE NOT A SOURCE OF TRUST, THAT IS A
BIG DEAL. WE ARE SURPRISED INVESTORS ARE
EVEN TAKING IT THIS CALMLY. ED:
WHEN YOU COVER THIS TALK, I AM ASSUMING HI
STORICALLY YOU FOCUS
ON IT AS AN ADVERTISING BUSINESS.
WE ARE GOING TO SHOW GOOGLE'S RESPONSE TO WHAT IS HAPPENING.
HOW HAVE YOU HAD TO ADAPT YOUR MODELING AND ANALYSIS OF THIS
COMPANY GIVEN THE SHIFT IN FOCUS TO ARTIFICIAL
INTELLIGENCE? BEN: WE DO THE BEST WE CAN.
THERE IS NOT ANY GUIDANCE FROM THE COMPANY WHICH IS THEIR
STYLE, CLICK THE ISSUE HERE, YOU SEEN THEY BELIEVE 25% OF
PERSONAL SEARCH IS GOING AWAY IN A FEW YEARS TO BE
CANNIBALIZED BY AI SEARCH. NOT REALLY SURE HOW THEY GOT
THERE. WHAT
WE DO KNOW IS A CHURCH
SHOULD CHANGE DUE TO AI -- SEARCH SHOULD CHANGE DUE TO AI.
GOOGLE HAS ALREADY TOLD YOU THAT WHERE IT IS KIND OF A
HYBRID. WE THINK THERE ARE UPSTARTS
THAT ARE GOOD TO GET A GOOD LOOK FROM A LOT OF YOUNGER
CONSUMERS. IT MAY CHANGE THEIR HABITS AS
WE ENTER THE AI WORLD. ED: ONE INDIVIDUAL PAYING CLOSE
ATTENTION TO THE GEMINI SITUATION IS ELON MUSK.
HE HAS POSTED A LOT ON HIS PLATFORM IN THE LAST 48 HOURS.
"GIVEN THAT GEMINI AI WOULD BE AT THE HEART OF EVERY GOOGLE
PRODUCT A
ND YOUTUBE, THIS IS EXTREME THE ALARMING."
IT SPEAKS TO THE POINT YOU HAVE MADE.
HOW BIG OF A RISK FACTOR IS IT TO ALPHABET THAT ELON MUSK IS
CLEARLY FOCUSED ON THIS AND KEEPING IT IN THE PUBLIC
CONSCIOUSNESS? BEN: IT IS NOT GOOD.
ELON MUSK, AS IT IS CHRONICLED ON WHAT HE COULD BE UPSET WITH
WHAT HAPPENED WHEN THE MODEL ASKED QUESTIONS ABOUT HIM
INSTEAD OF UNSAVORY GENTLEMEN. THE ISSUE IS ELON MUSK DOES
HAVE A BIG MICROPHONE. I DON'T TO WEIGH IN ON THE
MERITS OF THE DEBATE WERE WHAT WAS POTENTIA
LLY DONE. -- WERE WHAT WAS POTENTIALLY
DONE, BUT THEY ARE IN A TRUST OF INFORMATION AND THAT HAS
BEEN RATTLED. ELON MUSK HAS A BIG MICROPHONE.
WITH HIS PLATFORM OF X WITH THE CONTROL STAGE WHICH HE CONTROLS.
-- PLATFORM OF X WHICH HE CONTROLS.
THE AVERAGE CONSUMER DOES NOT KNOW THE DIFFERENCE BETWEEN A
LOT OF DIFFERENT PRODUCTS. THEY SEE LACK OF TRUTH IN ONE
THING, THEY THINK THERE MIGHT BE A LACK OF TRUTH IN ANOTHER
THING. ED:
BEN REITZES, GOOGLE REGARDING TODAY.
COMING UP, AND AAI OFFERING THA
T HELPS STREAMLINE CODE
NAVIGATION AND COMPREHENSION AVAILABLE $39 PER USER PER
MONTH. WE SPEAK TO GITHUB'S CEO. THIS IS "BLOOMBERG TECHNOLOGY." ED:
TODAY GITHUB, AN AI DEVELOPER PLATFORM IS MAKING COPILOT
ENTERPRISE AVAILABLE TO EVERY ORGANIZATION FOR $39 PER USER
PER MONTH. BA OFFERING IS PERSONALIZED FOR
EACH ORGANIZATION MAKING IT POSSIBLE TO STREAMLINE CODE
NAVIGATION AND COMPREHENSION. HERE WITH MORE, THOMAS DOHMKE.
IF YOU ALREADY THIS CODER LIKE ME OR A VETERAN -- A NOVICE
CODER LIKE ME O
R A VETERAN, THIS IS A HELPFUL NAVIGATION.
I GUESS YOU ARE TARGETING THOSE TWO DIFFERENT END MARKETS.
THOMAS: WHAT WE HAVE SEEN IS COMPANIES
NO LONGER JUST LOOK AT DIGITAL TRANSFORMATION, THEY'RE LOOKING
INTO THE AI TRANSFORMATION. COPILOT STARTED IT ALL BY
GIVING DEVELOPERS AI BASED AUTO SUGGESTIONS.
WITH COPILOT ENTERPRISE, IT CAN BE CUSTOMIZED TO ALL OF THE
INTERNAL KNOWLEDGE OF AN ORGANIZATION. IMAGINE YOU ARE A NEW
DEVELOPMENT BLOOMBERG, IT IS YOUR FIRST DAY, YOU CAN ASK
COPILOT HOW THINGS
ARE DONE. ALL OF THE INSTITUTIONAL
KNOWLEDGE AT YOUR FINGERTIPS. ED:
PART OF THIS AND SIMILAR TOOLS IS THE PREDICTIVE NATURE.
YOU'RE WRITING A LINE OF CODE AND THE REST IS AUTO COMPLETED.
WHAT IS THE PERFORMANCE AND COMPETENCE LEVEL OF YOUR
TECHNOLOGY VIS-A-VIS A VETERAN CODER WHO COULD WRITE IT
THEMSELVES? THOMAS: IT DEPENDS ON WHAT YOU'RE DOING
YOURSELF. A LOT OF DEVELOPERS ARE
LEARNING TO USE COPILOT WHILE TYPING CODE. IF YOU DO IT IN A CERTAIN WAY,
YOU GET A BETTER SUGGESTION, BETTER ANSWER.
DEVELOPERS INCREASE THE PROFICIENCY LEVEL AS THEY ARE
USING COPILOT. BEAR GETTING MORE PRODUCTIVE,
UP TO 55% IN CASE STUDIES WE HAVE SEEN AND WE ARE SEEING THE
DEVELOPERS ACTUALLY BEING MORE FULFILLED, MORE HAPPY. ED: MICROSOFT WAS PRETTY STOKED
ABOUT A VERSION OF COPILOT. DO YOU THINK $39 A MONTH WILL
SEE THE ENTERPRISE VERSION GAINING TRACTION? ED:
ABSOLUTELY -- THOMAS: ABSOLUTELY. WE HAVE OVER 50,000 ORGANIZATIONS ON BOARDED TO
COPILOT, MORE THAN 1.3 MILLION PAID USERS.
WE SEE A LOT OF EXCIT
EMENT FROM ALL KIND OF INDUSTRIES WOULD IT
IS NO LONGER JUST EQUAL STARTUPS AND TAKE COMPANIES, IT
IS PHARMACEUTICAL COMPANIES, AUTOMOTIVE COMPANIES, A LOT OF
FINANCIAL INSTITUTIONS. WE SEE TREMENDOUS EXCITEMENT
THERE. WE RECEIVED FEEDBACK FROM
COMPANIES LIKE FOR, AS SHOPIFY TELLING US THE COLLABORATION IS
GETTING BETTER IF COPILOT KNOWS ABOUT WHAT IS HAPPENING WITHIN
THE COMPANY. ED: BLOOMBERG REPORTED THIS MONTH
APPLE IS LOOKING TO DO SOMETHING SIMPLE -- SIMILAR
WITH X CODE. WHAT DO YOU MAKE O
F THAT?
THIS IS BECOMING A BATTLEGROUND, THE USE OF
GENERATIVE AI WITHIN THE WRITING OF CODE. THOMAS: AS A DEVELOPER, THIS IS THE
MOST EXCITING ERA I HAVE SEEN OVER THE LAST 30 YEARS.
WE HAVE ALL THESE COMPANIES WORKING TO MAKE DEVELOPERS MORE
PRODUCTIVE, TO HAVE THEM FOCUS ON THE THINGS THEY LOVE DOING
AND HAVE AI HELP THEM WITH THE THINGS THEY DON'T LIKE TO DO.
THE AMOUNT OF CODE DEVELOPERS HAVE MANAGED TODAY IS SO BIG.
WE NEED TO BRING THE EFFORT DOWN OF DOING ALL OF THIS WORK,
MAINTAINING AL
L THIS LEGACY CODE. COULD THAT LAST UNTIL THE
1960'S WITH COBALT AND OTHER LANGUAGES THAT ARE STILL
RUNNING IN OUR SYSTEM? IS EXCITING TO SEE THE
INNOVATION AND WE HOPE WE STAY AT THE FOREFRONT OF THIS. ED: IT IS GOING TO MAKE HACKAT HONS
INTERESTING. THANK YOU. CANADA INTRODUCES AN ONLINE ED: WELCOME BACK TO BLOOMBERG
TECHNOLOGY. YOU CAN SEE BEHIND ME MICROSOFT
DOWN AROUND POINT 5%, BUT IT DOES MAKE IT THE BIGGEST POINTS
DRAG ON THE NASDAQ 100. A LOT REPORTING FOR THE LAST 12
MONTHS ABOUT MICRO
SOFT EFFORTS IN AI BUT THIS STORY SEEMS TO
BE THE INVESTMENT INTO NAI STARTUP IS FACING SCRUTINY IN
THE E.U. A DAY AFTER THE COMPANY ANNOUNCED A STRATEGIC
PARTNERSHIP THAT INCLUDES MAKING THE STARTUP'S LATEST AI
MODELS AVAILABLE TO CUSTOMERS OF MICROSOFT.
I WANT TO GO OUT TO LONDON. WE KNOW CLEARLY THE
RELATIONSHIP BETWEEN MICROSOFT AND OPENAI, SO NOW THEY ARE
MAKING A RELATIONSHIP WITH MISTRAL AND THE YOU WANTS TO
LOOK AT IT. WHAT DO WE KNOW? >> WE KNOW THE NUMBERS ARE
DIFFERENT, SO MICROSOFT I
S UP TO ABOUT 13 BILLION DOLLARS IN
OPENAI, THE LARGEST FINANCIAL BACKER AND PARTNER FOR A NUMBER
OF YEARS. THE MISTRAL PARTNERSHIP
INCLUDES A 5 MILLION INVESTMENT, SO -- 15 MILLION
EUROS. SO PRETTY SMALL RELATIVE TO
THEIR SHARE IN OPENAI. FOR BOTH SIDES, THIS MAKES THEM
THE SECOND COMPANY AFTER OPENAI TO HAVE THEIR LANGUAGE MODELS
AVAILABLE FOR CUSTOMERS ON MICROSOFT'S CLOUD, SO THIS IS
-- THEY ARE FRENCH. SO FAR, THEY HAVE BEEN
RELEGATED TO EUROPE, BUT THIS GIVES THEM A BIGGER POTENTIAL
TO HAV
E A GLOBAL REACH. MICROSOFT CAN GO OUT TO
REGULATORS AND SAY, WE ARE NOT JUST TIED TO OPENAI. WE HAVE A PARTNERSHIP WITH THIS
FRENCH AND EUROPEAN CHAMPIONSHIP USING OPEN SOURCE,
ONE OF THE THINGS MICROSOFT HAS TALKED BUT CHAMPION -- ABOUT
CHAMPIONING RECENTLY. ED: SHE EXPLAINED WE ARE GOING TO
LOOK AT THE ENTIRE INDUSTRY FOR AI AND UNDERSTAND WHAT IS
HAPPENING AND I THINK BACK TO HOW THINGS NORMALLY GO IN
EUROPE. THEY LOOK AT THINGS ALL THE
TIME. OUR UNDERSTANDING IS THE COMMISSION GOT A COPY OF
THE
AGREEMENT BETWEEN THE TWO PARTIES. WHAT HAPPENS NEXT?
DO THEY FACE A SERIOUS PROBE OR PROBLEM? >> PROBABLY MORE PRESSURE ON
MICROSOFT'S END, A PROBE AROUND THEIR PARTNERSHIP WITH OPENAI.
THEY ARE THE POSTER CHILD FOR WHAT HAS HAPPENED WITH THE
RELATIONSHIP BETWEEN THESE BIG TECH COMPANIES CANNOT
MICROSOFT, GOOGLE, AMAZON, INTEL, MAKING SUBSTANTIAL
INVESTMENTS INTO AI COMPANIES. ON THE FLIPSIDE, THAT COMES
WITH A STRINGS ATTACHED WHERE THEY ARE GOING TO BE USING IN
THIS CASE MICROSOFT CLOUD.
GOOGLE INVESTMENTS ARE GOING
BACK AND USING THEIR CLOUD AND THAT IS WHAT REGULATORS HAVE
BEEN TALKING ABOUT, UNPACKING THESE RELATIONSHIPS. GOING FORWARD, MISTRAL IS IN AN
INTERESTING POSITION BECAUSE THEY HAVE BEEN THIS CHAMPION IN
FRANCE MAKING THE ARGUMENT THAT EUROPE NEEDS A STRONG OPENAI
PLAYER, SO IN EUROPE SCRUTINIZING A COMPANY LIKE
MISTRAL WILL NOT BE THE SAME AS GOING AFTER BIG TECH COMPANIES
IN THE U.S.. ED:
IN CANADA, PRIME MINISTER SIR -- PRIME MINISTER JUSTIN
TRUDEAU'S GOVERNMENT
INTRODUCED AN ONLINE SAFETY LABEL AND
TRYING TO COMPEL NET COMPANIES TO ACTIVELY REGULATE AND REMOVE
HARMFUL CONTENT. WITH US TO DISCUSS IS THE
MANAGING DIRECTOR OF THE INTERNATIONAL ASSOCIATION OF
PRIVACY PROFESSIONALS. WE HAVE BEEN TALKING ABOUT THIS
IN RECENT WEEKS. IT IS HAPPENING ALL OVER THE
WORLD. IN THE U.S., WE ARE IN AN ELECTION CYCLE WHERE WE ARE
WORRIED ABOUT MODERATION OF CONTENT ONLINE.
FIRST, YOUR REACTION TO WHAT CANADA HAS DONE AND HOW
EFFECTIVE YOU THINK IT WILL BE? >> I THINK
IT IS ANOTHER IN A
SERIES OF COUNTRIES THINKING ABOUT THE IMPLICATIONS OF
ONLINE HARM ESPECIALLY FOR CHILDREN, SO WE HAVE SEEN THIS
PLAY OUT IN THE U.S. CONTEXT WITH CONVERSATIONS AND
REALLY MATCHING WHAT IS HAPPENING IN THE EUROPEAN
CONTEXT. I THINK IT IS A POSITIVE STEP
FORWARD. THESE ARE COMMITMENT THAT WERE
MADE A LONG TIME AGO BY THE TRUDEAU GOVERNMENT, SO HAPPY TO
SEE THIS JOINS OTHER ONLINE BILLS INTERNATIONALLY BUT ALSO
TO MATCH THE DIGITAL IMPLEMENTATION ACT IN CANADA.
ED: THE INTERNET
IS THE INTERNET.
IT IS EVERYWHERE. IT IS GLOBAL. IT IS NOW IN SPACE.
EVERY DAY COME OUT ARE TALKING ABOUT A DIFFERENT COUNTRY.
DO YOU THINK EVERYONE SHOULD JUST GET TOGETHER AND HAVE A
COMMON SET OF RULES OR IS THAT A NAIVE POSITION TO TAKE? >> I DO NOT THINK SO.
I THINK THAT IS THE QUESTION NOW BY A LOT OF INTERNATIONAL
ORGANIZATIONS LIKE THE G7 AND WORLD ECONOMIC FORUM, REALLY
THINKING ABOUT THEIR POSITION AND HOW WE THINK ABOUT DIGITAL
IMPLICATIONS AND RULES FOR DIGITAL SERVICES IN A COMBINED
WAY. ONE OF THE CHALLENGES IS THE
DIFFERENT TRADE-OFFS IN VALUES YOU HAVE BETWEEN DIFFERENT
NATIONS, BUT YOU ALSO HAVE THINGS LIKE DATA TRANSFER
ISSUES . ALL OF THIS IS GOING TO PLAY
OUT IN INTERNATIONAL SPACE. IT REMAINS TO BE SEEN. ED:
FOR TECH COMPANIES, THERE IS A POLICY CONSIDERATION AND
TECHNOLOGY CONSIDERATION. IS THERE ANY ONE SOCIAL MEDIA
COMPANY YOU THINK IS DOING A GOOD JOB OF THEIR OWN BULLISH
AND TO MODERATE CONTENT? >> WE ARE A POLICY NEUTRAL
ORGANIZATION, SO I WILL NOT SPEAK TO O
NE ORGANIZATION OVER
THE OTHER, BUT I THINK WE CAN START TO SEE SOME BEST
PRACTICES EMERGING IN DIFFERENT USE CASES WHERE WE ARE THING
ABOUT RULES AROUND CHILDREN'S SAFETY MEANT MAKING SURE THERE
ARE CERTAIN TYPES OF PARENTAL CONTROLS IN PLACE, MAKING SURE
WE ARE SEEING WHERE ALERTS ARE BEING PROVIDED WITH THE AMOUNT
OF TIME A CHILD HAS BEEN ONLINE OR ANYBODY HAS BEEN ONLINE,
GIVING YOU ALERTS DIRECTLY, SO THESE ARE SOME OF THE EMERGING
TRENDS WE ARE SEEING AND THEY ARE COMING FROM A VARIETY OF
DIFFERENT COMPANIES. IT IS NOT TO SAY THAT THAT
MAKES ONE COMPANY MORE PROFICIENT IN THAT SPACE OVER
ANOTHER. THE WHOLE COMMUNITY IS LEARNING
TOGETHER, POLICYMAKERS AND INDUSTRY PLAYERS THAT HAVE
THESE RESEARCH CAPACITIES IN THEIR ORGANIZATIONS. ED: ASHLEY CASAV -- CASOVAN, GREAT
TO HAVE YOUR TIME. WE WILL SPEAK TO A NEW FIRM
JUST COMING OUT OF STEALTH. A MANAGING PARTNER JOINS US
NEXT. LET'S STICK WITH AI. EVERY DAY, AI ALL THE TIME.
HERE ARE TWO NAMES WE TOUCH ON EVERY SO OFTEN, SOUND HOUND AI
AND BIG BEAR AI, BOTH UP BIG TIME, 23% FOR BIGBEAR. BIGBEAR HAS ITS AGM TODAY.
I DOUBT THAT IS THE CAUSAL LINK DRIVE GET HIGHER AND SOUNDHOUND
IS AMONG THE MOST DISCUSSED ON REDDIT FORUMS BUT THESE HAVE
BEHAVED LIKE MEME STOCKS AS WELL AS BEING CAUGHT UP IN THE
HYPE CYCLE WE HAVE SEEN FOR AI RELATED NAMES IN EQUITY
MARKETS, BUT TWO BIG MOVERS THIS TUESDAY.
WE WILL BE RIGHT BACK. THIS IS BLOOMBERG TECHNOLOGY. ED: QUICK UPDATE.
THE GLOBAL CRYPTO TOTAL MARKET CAP IS NOW AT $2 TRILLION,
DRIVEN BASI
CALLY BY THE RALLY IN BITCOIN, SURGING AROUND 12%
IN THE LAST SEVEN DAYS OR SO, TRADING NEAR THAT HIGH LEVEL OF
DECEMBER 2021. IF YOU LOOK RIGHT IN THE FAR
RIGHT-HAND SIDE OF YOUR SCREEN, $2 TRILLION OF TOTAL MARKET CAP
FOR ALL DIGITAL TOKENS AS TRACKED BY COINMARKETCAP.COM.
LET'S STICK WITH DIGITAL ASSETS AND ZERO IN ON AN FTS -- NFT'S,
WHICH WENT FROM BEING TOUTED AS THE EDGE OF THE DIGITAL
FRONTIER TO THE PUNCH LINE FOR THE MOST RECENT CRYPTO BUST,
BUT THEY ARE STAGING AN UNLIKELY COMEBACK.
Y
OU WRITE WITH SUCH FUN ABOUT THIS, BUT IT IS TRUE.
WE WENT FROM ALL THE CRAZE, CRAZY DOLLAR VALUES, TO MEMES
AND JOKES ABOUT PEOPLE THAT HAD BOUGHT IN.
WHAT IS THE DATA TELL YOU NOW? >> THE BIG QUESTION IS CAN THEY
MATCH BITCOIN'S PRICE RISE? WE ARE SEEING THE OVERALL
UPWARD TREND IN TERMS OF TOTAL VOLUME FOR NFT SALES, BUT IT
HAS BEEN BUMPY, SO THERE ARE QUESTIONS OF WHAT NFT'S ARE
GOOD FOR AND START UP FOUNDERS ARE DOUBLING DOWN ON GAMING,
FINANCE, AND ART AS THE MAIN AREAS THAT WE CAN USE AN
FTS IN.
ED: WE JUST SHOWED THAT CHART. IT IS ASTONISHING.
WHAT HAPPENED IN DECEMBER? YOU HAD A WEIRD 2023, QUIET
SUMMER, AND THEN DECEMBER THE MARKET BECOMES ALIVE AGAIN. >> WE KNOW THERE WAS A LOT OF
OPTIMISM OVER THE EXPECTED APPROVAL OF THE BITCOIN ETF,
WHICH DID HAPPEN IN JANUARY, AND THERE ARE THESE NFT LIKE
OBJECTS BASED ON THE BITCOIN BLOCKCHAIN.
WE SAW HUGE SALES DURING THE FALL AS PEOPLE WERE GETTING
WRAPPED UP ABOUT BITCOIN, SO WE HAVE SEEN OPTIMISM ABOUT
BITCOIN AND EXCITEMENT ABOUT T
HE ETF BLEED OVER INTO THE NFT
MARKET. ED: GAMING IS A BIG PART OF THE
STORY. >> A LOT OF STARTUPS, INCLUDING
THE CREATOR OF A COLLECTION, ARE DOUBLING DOWN ON GAMING.
THEY SEE THIS AS A WAY TO BRING MAINSTREAM AUDIENCES INTO
CRYPTO AND CREATE GAMES THAT ARE FUN TO PLAY BUT ALSO HAVE
BLOCKCHAIN IN THE BACKGROUND. ED: BLOOMBERG'S HANNAH MILLER. LET'S GET TO TODAY'S SPOTLIGHT
AND BRING IN A FIRM JUST COMING OUT OF STEALTH, WHICH GRANTS
ITSELF AS A FOUNDER LED AND BACKED EARLY STAGE VENTURE FIRM
IN
VESTING AT THE INTERSECTION OF TECH AND RETAIL AND CONSUMER
TECH. IT HAS INVESTED IN 19 COMPANIES
TO DATE HIM A RANGING FROM 00,000 TO OVER $3 MILLION PER
COMPANY. ANTIGEN PARTNER JULIE GUDISH
KRIEGER JOINS ME FROM NEW YORK. THIS IS AN INTERESTING CONCEPT.
ALL THE TIME WE HAVE STARTUP FOUNDERS ON THE SHOW THAT HAVE
COME OUT OF STEALTH. THEY WORK BEHIND THE SCENES FOR
A YEAR, RAISE MONEY DISCREETLY, AND THEN SAY, THIS IS WHAT WE
DO. YOU ARE A VENTURE FIRM COMING
OUT OF STEALTH. WHY SO DISCRETE? >
> WE ARE LAUNCHING AN APP
WHICH IS A MEMBERS ONLY NETWORK THAT ALLOWS FOUNDERS AND
OPERATORS AND TECH ENTHUSIASTS TO BACK LEADING START UPS WITHIN SAAS AND ALONGSIDE
MOBILE CAPITAL VENTURE FIRMS. AS FOUNDERS BACKING FOUNDERS,
WE KNOW IT TAKES A VILLAGE AND WE KNOW TO GET A COMPANY TO THE
SCALE YOU NEED TO SUCCEED AND EXIT THAT VILLAGE IS
SUPERCHARGED BY HAVING OPERATORS THAT HAVE BEEN IN THE
TRENCHES THEMSELVES AND KNOW HOW TO ROLL UP THEIR SLEEVES
AND SUPPORT. THAT IS THE VILLAGE WE WANT OUR
FO
UNDERS TO HAVE AND WE ARE LAUNCHING PARI PASS TO CREATE
THE MOST -- A FOUNDER SUPPORT WITH OPERATORS THAT CAN PUT IN
AS LITTLE AS 0,000. ED: IT TAKES A VILLAGE, BUT THERE
IS AN ELEMENT OF EXCLUSIVITY BECAUSE IT IS MEMBERS ONLY.
JULIE: THE MEMBERS ONLY PIECE IS BECAUSE WE WANT TO MAKE SURE WE
ARE SUPERCHARGING THE VALUE ADDED TABLES, SO FOCUSING FIRST
ON LETTING ON FOUNDERS, OPERATORS, PEOPLE THAT CAN ADD
A TERMINUS MEANT TO VALUE BECAUSE IF WE ARE WRITING A
MILLION DOLLAR CHECK INTO A COMPANY AN
D IT IS 20 PEOPLE
BEHIND THE SCENES WRITING CHECKS, SOMETIMES HISTORICALLY,
WE WANT TO THOSE PEOPLE TO BE ABLE TO BE HIGHLY VALUE ADD, TO
HAVE A NETWORK IF A COMPANY WANTS TO SPEAK TO A BRAND OR
NAVIGATE THE RIGHT EQUITY PACKAGE RESEARCH AND HIGHER.
THAT VILLAGE BEEN OPERATORS THEMSELVES ENDS UP BEING
IMPACTFUL FOR THE SUCCESS OF THESE COMPANIES. ED:
A KIND OF PHENOMENON WE HAVE COVERED IN THE LAST 12 MONTHS
IS THE APPETITE OF THE EVERYDAY INVESTOR CUT LET'S CALL THEM
RETAIL INVESTORS, TO GET IN
TO GROWTH STAGE COMPANIES LIKE
SPACEX AND OPENAI. THERE WAS SUDDENLY A TURNAROUND
IN WHAT IS NORMALLY AN ILLIQUID MARKET AND I WONDER IF THROUGH
PARI PASSU YOU THINK YOU WILL SEE THE SAME ENGAGEMENT AT THE
EARLY STAGE WHERE PEOPLE THAT TRADITIONALLY CANNOT OR WILL
NOT INVEST IN STARTUPS THROUGH VENTURE FUNDS NOW CAN. JULIE: PART OF THE BOTTLENECK IS IF
YOU WANT TO INVEST IN A VENTURE FUND TYPICALLY IT IS A $2000 A
MONTH CHECK, SO A LOT WHO ARE STILL BUILDING WITH CASHMORE IN
THE FORM OF EQUITY,
THEY ARE NOT ABLE TO PARTICIPATE IN THAT
MECHANISM SO PARI PASSU IS OPENING THE DOORS TO ALLOW
THOSE OPERATORS TO BE ABLE TO INVEST IN AN ACCESSIBLE ACCESS
POINT BUT BUILDING A HIGHLY CURATED ECOSYSTEM. ED:
I SAID YOU'RE GOING TO INVEST AT THE INTERSECTION OF
BASICALLY EVERYTHING, BUT IS THERE ONE MAIN AREA YOU ARE
EXCITED ABOUT? WE HAVE 30 SECONDS. JULIE:
WE HAVE A PRETTY UNFAIR ADVANTAGE IN TERMS OF
E-COMMERCE SASS. WE HAVE LIVED MANY LIVES IN
THAT ECOSYSTEM. MY PARTNERS SOLD THE LARGEST
AGENC
Y IN THAT SPACE, SO YOU THINK BUT HAVING ACCESS, THAT
IS WHAT YOU WANT ON YOUR TABLE BUT I SPENT THE BETTER PART OF
TWO DECADES IN THE VENTURE AND FOUNDER ECOSYSTEM ALONGSIDE MY
PARTNERS, SO THE DEEP RELATIONSHIPS THAT YOU CAN ONLY
FORGE OVER THAT AMOUNT OF TIME GIVE US ACCESS TO SOME OF THE
MOST HIGHLY COMPETITIVE DEALS IN VENTURE. ED: PARI PASSU VENTURES MANAGING
PARTNER JULIE GUDISH KRIEGER. A NEW SOCIAL MEDIA APP IS
TAKING GEN Z I STORM. IT IS A PLATFORM THAT TAKES
USERS BACK IN TIME, INSPIR
ED BY THE EXPERIENCE OF USING
DISPOSABLE CAMERAS. YOU CAN TAKE PHOTOS ON THE APP
WITH A VINTAGE FEEL. YOU JUST HAVE TO WAIT A FEW
HOURS UNTIL THEY DEVELOP. WE WILL HAVE THE CO-FOUNDER ON
WITH US TO TALK ABOUT WHAT THAT MEANS.
WE ARE GETTING BREAKING NEWS MOVING MARKETS.
ACCORDING TO CNBC, WARNER BROS. DISCOVERY AND PARAMOUNT HAVE
ENDED MERGER DISCUSSIONS. WE SAW A KNEE-JERK REACTION IN
BOTH STOCKS, MORE SIGNIFICANT TO THE DOWNSIDE ON PARAMOUNT.
BOTH NOW TRADING UP AROUND 1% HIGHER.
WE WILL CONTI
NUE TO TRACK THAT REPORTING THROUGH THE DAY.
THIS IS BLOOMBERG TECHNOLOGY. ED: LAPSE HAS RAISED $30 MILLION
IN ITS SERIES A FUNDING ROUND. IT ALLOWS USERS TO TAKE PHOTOS
WITH A VINTAGE FEEL THEY CANNOT BE SEEN FOR A FEW HOURS, UNTIL
THEY DEVELOP. THESE NEW FUNDS ALLOW THE APP
TO EXPAND ENGINEERING AND IMPLEMENT COMMUNITY LED PRODUCT
UPDATES. DELIGHTED TO SAY THAT THE
COFOUNDER JOINTS ME NOW. THIS IS AN INTERESTING CONCEPT.
YOU DO NOT JUST TAKE A PHOTO AND USE BASICALLY A FILTER THAT
GIVES IT A V
INTAGE FEEL. YOUR PLATFORM MAKES THE USER
WAIT A NUMBER OF HOURS TO REPLICATE THE FILM DEVELOP AND
PROCESS. EXPLAIN IT. >> THAT IS RIGHT.
ONE OF THE THINGS THAT MAKES IT DIFFERENT FROM THE WAY YOU TAKE
PHOTOS UNDER NATIVE CAMERA IS CLOSELY MIMIC NOT JUST THE
AESTHETIC BUT ALSO EXPERIENCE, THE FEELING OF USING A
DISPOSABLE OR FILM CAMERA. WE FIND THAT, NOT JUST IN TERMS
OF THE WAY THE PHOTOS LOOK WITH THE ABILITY TO KEEP YOU IN THE
MOMENT -- OFTEN WHEN YOU TAKE A PHOTO, YOU ARE DOING SOMETHING
EX
CITING YOU WANT TO LIVE AS FULLY AS YOU CAN.
OUR USERS APPRECIATE THAT FEELING. ED: YOU HAVE A GOOD RUNWAY NOW
BECAUSE HE RAISED $30 MILLION, BUT WILL THIS BE AN AD BASED
PLATFORM OR SUBSCRIPTION BASED? >> IT IS TOO EARLY TO SAY AT
THE MOMENT. WE HAVE EARLY HYPOTHESES THAT
WE WILL NOT MONETIZE THROUGH ADS, BUT WE ARE NOW FOCUSED ON
BUILDING THE BEST POSSIBLE USER EXPERIENCE AND SCALING THAT TO
HIS MANY USERS AS WE CAN. WE HAVE SEEN WITH ADDITIONAL
PLATFORMS THAT MONETIZATION TENDS TO COME LATER
IN THE
LIFECYCLE. WITH NEW INVESTORS WE HAVE
BROUGHT ON, THEY HAVE INVESTED IN SOCIAL PLATFORMS AND SEEN
THAT JOURNEY SO THEY ARE BEHIND US IN TERMS OF UNDERSTANDING
THAT MONETIZATION COMES LATER. ED: I'M INTERESTED IN LAPSE'S
GROWTH. ARE YOU SEE ENGAGEMENT THROUGH
ANDROID OR IOS? GEOGRAPHICALLY, WHERE DO YOU
THINK YOU WILL BE STRONG? >> TODAY, THE APP IS ONLY ON
IOS. WE ARE STRONG IN THE U.S., SO
MOST OF OUR USERS ARE IN THE U.S., BUT WE HAVE SOME IN THE
U.K. AND CANADA. FOR US, THE FOCUS IS IN
THE U.S.
AND WE SEE A STRONG BIAS TOWARD GEN Z AND FEMALE USERS, WHICH
TEND TO BE EARLY ADOPTER COHORTS FOR NEW SOCIAL
PLATFORMS. IT IS ENCOURAGING TO SEE THOSE ARE THE USERS
ORGANICALLY USING THE PLATFORM. ED:
I WANT TO GO TO WHO YOU THINK YOU ARE COMPETING WITH.
YOU ARE MAKING THE USER WAIT. I ASSUME THE TECHNOLOGY DOES
NOT REQUIRE YOU TO WAIT. YOU ARE DOING IT AS A FEATURE
THAT PUTS YOU ON A COLLISION COURSE WITH INSTAGRAM, SNAP?
DAN: EXACTLY AND THE USER'S NATIVE
CAMERA AS WELL. WE ACTUALLY
SEE OURSELVES FIRST
AS A CAMERA APP. WE BELIEVE IF WE -- WE ARE ABLE
TO OWN THE TOP CONTENT CAPTURE FOR USERS AND THE OTHER THINGS
THAT CAN COME OFF THE BACK OF THAT, LIKE THE JOURNALING AND
CURATING AND HIGHLIGHTS, ALL OF THAT IS DOWNSTREAM FROM THE
CAPTURE, SO WE ARE FOCUSED ON PROVIDING THE BEST POSSIBLE
CAPTURE EXPERIENCE FOR USERS. ONE OF THE BIGGEST COMPETITORS
TO US IS THE USER'S NATIVE CAMERA ON THEIR PHONE. ED: LAPSE COFOUNDER DAN SILVERTON,
THANK YOU FOR YOUR TIME. THAT DOES IT FOR TH
IS EDITION
OF BLOOMBERG TECHNOLOGY. CHECK OUT THE PODCAST ONLINE
SUMMA ON -- SOON ON THE TERMINAL AND ON SPOTIFY.
THERE IS A BIG WEEK OF ECONOMIC DATA IMPACTING THESE MARKETS.
TUNE IN. THIS IS BLOOMBERG TECHNOLOGY.
Comments
I couldn't imagine being desperate enough to "steal secrets" from Florida.
I've memorized every line in this video.
Just go into any top 100 Universities' Computer Science and Engineering departments in the US and you will find the overwhelming majority in Masters and PhD programs are foreigners and of that, many are from China and many from India, Russia, Europe, Japan, S Korea and the Middle East., In the Hyperscale companies like Meta, Google,. Microsoft, Meta, OpenAI and many top startups, there are a lot of China born engineers, many in critical leadership positions leading and being upright, model citizenry. This phenomena is not new. In fact it is USA's secret weapon since the 70's by drawing the world's best to USA, have them want to make their home here and that's how USA leads in technology. Maintaining. if not enhancing this secret weapon is of the utmost importance. For sure, national security concerns need to be factored in but don't throw the baby out with the bathwater.
AI and EV tech combination grows in 2024 with increasing deliveries. * FSR.. Fisker up another 12 % Tues. Ocean Suv EV 5 models making waves in Europe and North America. 45,000 reported reservations and earnings date Feb 29 th nears.
hasnt China taken most things?
No audio
Now it's fixed
I can always tell when itโs the last segment because itโs usually a really dumb one
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