the surge in tech lay-offs _ for them,. the surge in tech lay-offs and _ for them,.ge in tech lay-offs and 20 _ for them,. the surge in tech lay-offs and 20 was - for them,. the surge in tech lay-offs and 20 was at - lay—offs and 20 was at therefore would suggest there is trouble in the industry, but that may not be the case if we look at other key measures. it's a tale of two cities, the strong are getting stronger, the er revolution, you're seeing more spending in areas like that, but then you see nonstrategic areas get cut. most of these job cuts in the rear—view mirror, but it shows we are going to a fork in the road. fortech, we are going to a fork in the road. for tech, where the strong are getting stronger. how does ai play into that fork in the road? it how does ai play into that fork in the road?— in the road? it is the biggest tech thing — in the road? it is the biggest tech thing since _ in the road? it is the biggest tech thing since the - in the road? it is the biggest| tech thing since the internet, and i will fuel, i believe $1 trillion of spend, compa

the tech giant is cutting hundreds ofjobs tech giant is cutting hundreds of jobs across two of tech giant one medical, and amazon pharmacy. the news comes as the tech giant continues to identify areas in the business where resources need to be redirected. earlier this month, amazon laid off employees across its prime video, mgm studios, buy with prime, twitch, and audible units. the tech industry is at the forefront of the deep changes brought about by the widespread adoption of artificial intelligence. two companies are leading such industry—wide transformation right now — and nvidia. the pair are right now — and nvidia. the pairare teaming up right now — and nvidia. the pair are teaming up —— cisco and nvidia. the pairare teaming up to offer ai infrastructure and ethernet solutions. we caught up with the executive vice—president and general manager of the cisco networking team, johnathan davidson, and asked him how important the tie—up is. him how important the tie-up is. ., , him how important the tie-up is. nvidia is synonymous with al, as is. nvidia is synonymous with al. as cisco —

another tech company announcing lay—offs today is amazon.cross two of its health care units. one medical, and amazon pharmacy. the news comes as the tech giant continues to identify areas in the business where resources need to be redirected. earlier this month, amazon laid off employees across its prime video, mgm studios, buy with prime, twitch, and audible units. the tech industry is at the forefront of the deep changes brought about by the widespread adoption of artificial intelligence. two companies are leading such industry—wide transformation right now are cisco and nvidia. the pair are teaming up to offer ai infrastructure and ethernet solutions. we caught up with the executive vice—president and general manager of the cisco networking team, johnathan davidson, and asked him how important the tie—up is. nvidia is synonymous with al, as cisco is to networking. you need to make sure you've got both of these things. there really is no ai without networking infrastructure. so it's really important that we come with the best technology in

another tech company announcing lay—offs today is amazon. across two of its health care units. one medical, and amazon pharmacy. the news comes as the tech giant continues to identify areas in the business where resources need to be redirected. earlier this month, amazon laid off employees across its prime video, mgm studios, buy with prime, twitch, and audible units. the tech industry is at the forefront of the deep changes brought about by the widespread adoption of artificial intelligence. two companies are leading such industry—wide transformation right now are cisco and nvidia. the pair are teaming up to offer purpose—built ai infrastructure and ethernet solutions. my colleague, sally bundock, caught up with the executive vice—president and general manager of the cisco networking team, johnathan davidson, and asked him how important the tie—up is. nvidia is synonymous with al, as cisco is to networking. you need to make sure that you've got both of these things. there really is no ai without networking infrastructure. so it's really imp

speaking of tech companies _ crackdown. speaking of tech companies in _ crackdown.mpanies in china, - crackdown. speaking of tech companies in china, let's . crackdown. speaking of tech i companies in china, let's focus on an e—commerce giant alibaba which has published disappointing quarterly results. the company posted sales of $36.7 billion up 5% year on year, but below analyst expectations. alibaba's executives announced they'll increase the group's share buyback programme by $25 billion in a move they say demonstrates confidence in the company's outlook. but as we have been discussing, alibaba is facing slowing economy in china as well as fierce competition from rivals such as jd.com, pinduoduo and douyin. earlier i spoke to china tech analyst and creator of tech buzz china rae ma and she told me more about why alibaba has been struggling. it me more about why alibaba has been struggling.— been struggling. it did not crow been struggling. it did not grow even _ been struggling. it did not grow even as _ been struggling. it did not grow even as fast - been strug

bio tech bounce-back. conventional wisdom says the sector and health care overall is a no touch in an election year, but could those things be different this time around? we'll go inside the numbers. >>> plus, retail revival. the etf that tracks this group is up over 11% this month, and some names on the clearance rack are mounting a comeback. we'll dig through the discounts. >>> and later, taking tech to the task. kara swisher will talk about her new book and the echos in the current a.i. frenzy. all that, plus, a surge pricing test for burgers and frosties. cruising stocks cruising higher, and the bitcoin boom hitting a new milestone. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. we begin with this chart. it is a look at a sector that has jumped 50% since its lows last october. it's not tech, and it's not crypto. the question now is, can these gains hold? so, you ready for the big reveal? >> please, yeah. >>

i talked about big tech and little tech. we are going to play that through the private markets, because we get exposure to leading venture and growth managers investing in this space. we think that is a phenomenal opportunity. because if we get that right those gains are not 10%, they are absolutely enormous, potentially. the final thing i will say is, infrastructure. jenson, satya nadella, there is infrastructure spend to happen. it is not just going to be data centers. fiberoptics, towers, age computing, power. we think infrastructure, very interesting. uncorrelated to the equity markets. as a bit of an inflation hedge. that is nice given the numbers we saw that -- so last week. we think that is nice as well. caroline: talking diversification. nancy, nice to have you back on the show. nancy curtin. let's talk about one of those magnificent seven we talk about less in the world of ai. apple's chief operating officer is on a visit to taiwan to celebrate the anniversary of foxconn. by a sibling those devices to exacting stand

i don't not want to be in tech, because i have been buying some tech, but i have been trimming some tech too. you want diversification. it's exciting. >> there is no question in your mind as to what piper sandler is asking about, or suggesting, even, that we are at a significant inflection point, the words they used, that the market is either poised to top out or brought now. you think it's the latter? >> i do think it's the latter, because again, i think the earnings are coming through, and oh, by the way, the guidance was really good in many different sectors. what i do during earnings season, and you know this, i always have a little bit of cash on hand, and we talked about this last week. ge healthcare fell 4%, random, no reason, so i bought some of that. qantas services is still lagging the industrial. i bought more of that. home depot, which by the way, since they reported that horrible quarter two weeks ago, the stock has done nothing but go up, so for me, i'm trying to pay attention to the direction of where earnings are going, and eventually, stocks will follow those earnings. i

diversifying tech is not enough.also believe making sure small businesses have an opportunity to thrive it. -- thrive, particularly for those who have had historical and systemic barriers placed in front of them. sage and only once to increase -- sage not only wants to increase diversity in -- we want to make sure it is for those. by eliminating the repetitive and focusing on building trust. building trust requires we have the most diverse thinking available and at the table. ai is set to contribute significantly to modernizing and re-envisioning accounting roles. making them more appealing to a new generation of talent from all walks of life. ai can handle routine tasks like transaction processing and arrow -- error spotting. improving worklife balance by handling entire sets of task autonomously. ai also supports work-life balance in remote work. fitting right into the demand for a new workforce that is emerging. diversity intact does not just -- diversity intact does not just mean for the technical roles. it means

caroline: time for talking tech.e altman said the uae could serve as the regulatory sandbox to test ai technologies and spearhead go what uses. he is calling investors in the middle east for a semi conductor initiative to advance ai. x once the dismissal of claims it can supply the saudi government with information to identify a man arrested, tortured, and sentenced to 20 years in prison. the person in question alleged the company conspired with the kingdom to violated the racketeering -- act. in a form, elon musk told senators there is no way vladimir putin could lose the war on ukraine. it was in that space that opponents of the senate bill that would provide for assistance to ukraine to continue battling the russian invasion and began two years ago. ed: let's stick with x, the platform is adding new advertisements targeting features to entice video creators and compete against youtube. joining us is --. we report this untapped over. they said our competitor in the future is going to be youtube. what has happened i

he has truly been the warrior on big tech. we have a problem with big tech.gle, amazon, facebook and apple have gatekeeping power in this country over information and commerce in the use that gatekeeping power to silence conservatives and crush small businesses. we see this where people say if you don't like twitter, build your own so parler came along and what happened? you had google and apple cake parler out of the app store duopoly and amazon kicked parler off the internet. if we did not have a benevolent billionaire with elon musk making this terrible investment and buying twitter, we would not have free speech online in this country. [applause] >> and we shouldn't have to rely on benevolent billionaires to have free speech in this country. that's why what general paxton is doing in texas is important. we also have amazon. amazon is essentially china's shopping mall. they do china's bidding, they are crushing small businesses in america and they are making a lot of money doing that. amazon has this great image in america we need to change that because, i

and potential regulation with the tech.e have megan caselli joining us from washington, d.c >> reporter: good morning, frank. data from open secrets here shows 450 organizations lobbied on issues related to a.i. last year that is an 185% increase from 2022 and 2023. there's a broad range of industry notice mix here it is not just tech firms, but retail and pharma and banking as well some just started lobbying on a.i. which includes amd and nvidia and qualcomm and chris co-. t cisco. today is the deadline for firms to file public comment on guidelines focused on a.i. safety and security. google will urge u.s. policy makers to find consensus saying a.i. is cross border technology and bsa counts ibm and microsoft among members and saysthere is no one-size-fits-all for evaluating and mitigating risk frank, we'll track the comments today. what is clear so far is there is no shortage of opinions and no shortage of money to influence policy >> we know if there is money to be made, lobbying will be across the board. i want to talk

the ai frenzy has lifted tech stocks once again. i feel like you will hear that a few times this year. nvidia is on a scorching rally and has boosted its market value above alphabet. kriti gupta joins us. the third market -- largest company by market cap. kriti: it surpassed amazon as well, so it is on a row. some would argue it is justified because of this new entry into server chips, this big ai demand. others would call it height and width technicals you can see nvidia as been in oversold or overbought territory for the majority of this year, so from a positioning standpoint it is ready. there are a lot of people standing on the sidelines waiting to take gains, but this is a classic example of momentum you do not went to get in front of, and that is where you are seeing this massive gain for nvidia in taking with it some of the other chipmakers as well. sympathy trade is a very real from chipmakers to actual chip stocks as well around the world continuing to rally on nvidia, even though nvidia is rallying on its own fundamentals.

in relation to the tech accord, i think it's very good that the tech accord is focused.o create momentum in 2024 but the challenge of deceptive media extends far beyond just political challenges and deception that we are working on in 202a. it extends to every facet of digital content. and you may have seen 0penai released something recently, and when you look at these videos, you can start to extrapolate how in 1—2 years where the quality may add and the ability may be to truly alter through society's perception of reality, it's going to be pervasive across the entire content ecosystem. so there may be a need for more tech accords, more far—reaching agreements into the future. we it there for the future. jeffrey gregor, ceo of truepic, thanks forjoining us on bbc news. yes, thanks for having me. i appreciate it. before we go, let's recap what we know about the reported death of alexei navalny. vigils have been held in his honour in moscow and other cities, including here in washington, dc. international leaders have condmened the death, which was first reported by russi

the market riley was mainly driven by the tech sector, but despite ranking in big profits tech giant's, a downsizing nearly 100 tech firm. so together laid off almost $25000.00 employees . that's interest the 1st month of the year, and it's occurring not only in big companies, but in smaller startups to across a range of roles. meta, amazon, microsoft, google, tick tock, and sales force are among the company splashing jobs. the move comes this tech try and supporting billions of dollars in aust, official intelligence. more than 260000 layoffs were recorded in the industry last year. according to layoff, store f, y, i data, the jump comes back, then we're in response to the tough economic conditions and changes and consume habits in the wake of the corona virus pandemic. well, the last not limited to the tech sector, city group bank said last month, it was causing 10 percent of its workforce. several retail companies are cutting jobs in order to lower costs. and many journalists began the new year with the pink slip, nearly a dozen main stream organizations, including prominent newspape

the market riley was mainly driven by the tech sector, but despite ranking in big profits tech giant's, a downsizing nearly 100 tech firm. so together laid off almost $25000.00 employees . that's interest the 1st month of the year, and it's occurring not only in big companies, but in smaller stuff ups to across a range of roles. meta, amazon, microsoft, google, tick tock, and sales force or among the companies flashing jobs. the move comes as tech dry and supporting billions of dollars. it's also official intelligence. more than 260000 layoffs were recorded in the industry last year, according to layoff store f, y i data, the jump comes back then we're in response to tough economic conditions and changes in consumer habits in the wake of the corona virus pandemic. well, the last not limited to the tech sector, citigroup bank said last month, it was causing 10 percent of its workforce. several retail companies are cutting jobs in order to lower costs. and many journalists began the new year with a pink slip, nearly a dozen main stream organizations, including prominent newspapers, reduc

but despite ranking in big profits tech, john's, a downsizing nearly 100 tech firm. so together laid off almost $25000.00 employees that's interest the 1st month of the year. and it's occurring not only in big companies, but in smaller stuff ups to across a range of roles. meta, amazon, microsoft, google, tick, tock, and sales force are among the company splashing jobs. the move comes this tech try and supporting billions of dollars. it's artificial intelligence, more than 260000 layoffs were recorded in the industry last year, according to layoff store f, y i data, the jump comes back then we're in response to tough economic conditions and changes in consume habits in the wake of the corona, virus pandemic. well, the last not limited to the tech sector city group bank said last month it was causing 10 percent of its workforce. several retail companies are cutting jobs in order to lower costs. and many journalists began the new year with the pink slip, nearly a dozen main stream organizations, including prominent newspapers, reducing the stuff numbers. joining us now

tech equities in tech stocks.not what has happened because meta has come through. from meta, the things that stood out where the buyback on the dividend. what for you are the takeaways? >> the buyback in the dividend were significant for meta. that is a significant step for the company. also, the thing that was interesting across both companies is that both companies have listen to investors and have taken significant steps to cut jobs and cut across across the country. it's about 45,000, may more workers that have impacted by meta's cuts between the two companies since late 2022. so that's a huge number. these are companies that investors thought were getting very bloated during the pandemic. then really took that message and while it lasted, and now a investors are giving them a good position this morning. tom: mark zuckerberg is comfortable with the leader operation. we heard from the nvidia ceo spoke -- speaking to bloomberg, what was the most interesting that we heard? >> the most interesting thing is that th

efficiencies and tech boom we are seeing? >> our focus is tech-enabled companies. you can book your hotel and arrive and spend a couple of days and you can check out without interacting with any person. the cost efficiencies that technology is getting not only from the reservation experience, but keyless entry c. covid has changed. cleaning and house keeping. you can reduce costs and companies with the run-up in hilton and multi-year run up in marriott. they heare very well run. the position to benefit from the traveling consumer is also lowering expenses from technology and leveraging that. that is the type of company that will succeed going forward. >> you are advocating for the etf. it has more diffiversificadiver. mark avallone, thank you. >>> time for the check on the top corporate stories and big moves by big firms in the final stretch of 2023 with silvana henao. silvana, good morning. >> frank, good morning. that is right. yesterday marked the deadline for the world's biggest stock funds to reveal portfolio moves. berkshire selling 10 million shares of apple

the tech accord is focusing _ have. the tech accord is focusing on _ have.strands? misrepresentation of businesses, reputational attacks on public figures or even image misuse on those who are not politicians but who are well—known? i are not politicians but who are well- known ?_ are not politicians but who are well- known ?— well-known? i think that's the ri . ht well-known? i think that's the right question _ well-known? i think that's the right question to _ well-known? i think that's the right question to ask. - well-known? i think that's the right question to ask. in - right question to ask. in relation to the tech accord, i think it's very good that the tech accord is focused. i think that gives us the best chance to really understand the scope of the problem and be able to create momentum in 2024 but the challenge of deceptive media extends far beyond just political challenges and deception that we are working on in 2024, it extends to every facet of digital content and you may have seen 0penai an automatic recently and when you look at these videos,

the market riley was mainly driven by the tech sector, but despite ranking in big profits tech giant's, a downsizing nearly 100 tech firm. so together laid off almost $25000.00 employees . that's interest the 1st month of the year, and it's occurring not only in big companies, but in smaller startups to across a range of roles. meta, amazon, microsoft, google, take talk, and sales force are among the companies flashing jobs. the move comes as tech dry and supporting billions of dollars. it's aust official intelligence. more than 260000 layoffs were recorded in the industry last year. according to layoff, store f, y i data, the jump comes back, then we're in response to tough economic conditions and changes in consumer habits in the wake of the corona virus pandemic. well, the last not limited to the tech sector, city group bank said last month, it was causing 10 percent of its workforce. several retail companies are cutting jobs in order to lower costs. and many journalists began the new year with a pink slip, nearly a dozen main stream organizations, including prominent newspapers, re

i think the tech companies _ with that? i think the tech companies bear _ with that?e is that the two youngsters that killed her were interacting online and expressing some violent thoughts online on social media. what the algorithms do is match people with similar concerns and similar language together. the algorithm brings people together who share that certain values. so it is clear that certain values. so it is clear that social media is bringing together people with harmful values, potentially on a journey towards a criminal activity and they might well have known this ahead of time. we need to make sure that where there is the potential for harm, tech companies are throwing open the doors, so we can have transparency and we can work together to mitigate the harms. and we see something the potential at the moment where the way that al is going in its real frontier technology and we will move from a voluntary code to a statutory code, so companies have to release the test data and tell us what they're testing for so we can see what is happening and where this tech

and now, let's tackle the big week for tech. nasdaq, slipping lower today, but still positive for the week. the huge gains from -- and it's. cousins but how much longer can it's a.i. -- are next guest thinks the a.i. space is going to continue to grow, but questions whether nvidia will continue to grow at the rate it has so far. daniel newman, ceo of -- the dan, good to see you? so first of all, why questioning nvidia? >> hey john. well in 2020, i said this will be the next trillion dollar market company. and in -- when the stock was trading around 170, i was on cnbc and said this is the time to get behind. i always worry when you get too much momentum, when you have the entire bandwagon just, everyone running to pylon. that's the more you have to start to say, can this continue? and this week in tech john, there were some inflections that took place. we heard pat gals anger and -- at an intel event -- joined him, talking about making networking trips, because they want to reduce the reliance on nvidia. you are seeing all of its

more on big tech...rth quarter earnings expectations, with strong growth in its cloud business and online spending during the holiday season. the company reported a 1a%jump in revenue, which saw its shares rallying in after—hours trading. earlier on thursday, the firm announced a new artificial intelligence assistant for shopping — named rufus. its designed to help users search and shop for products. but what do these tech results mean for investors? i spoke to dan gerard, a senior market strategist from state street global markets a little earlier. that shows why tech remains on a my favourite sectors for the rest of this year. it contains all the things we are looking for in a market that i think contrary to some of the prevailing optimism, it's going to get a lot tougher this year despite the fed, and we can talk a little bit about that later. but tech has everything we would want in this environment. we've got a pretty good rising sales, we've got profitability, margins protective. buy—backs we have

i have been covering tech for a long time.hat was probably one of the most emotional hearings i have ever covered, in part because we had families talk about the experience of young people who had lost their lives to suicide or found drugs online. even though it was heightened, there was also a lot of blame shifting. we had lawmakers accused tech companies of having blood on their hands and also criticizing congress for not passing legislation. there was the session with josh hawley and mark zuckerberg said the company had parental tools, implying parents could play a role in protecting their kids. amidst all the proposals and diagnoses in that hearing, in broad strokes, i am wondering if each of you can talk more about what you see as the top risks we are facing when it comes to youth safety online and who and what would be your first, biggest step that you think should happen right now. daniel? daniel: i think watching that hearing you cannot chamoli with anything other than thinking it is political theater and in the worst

that's not just the tech sector. as i think the effects of interest rates on employment are going to be seen across a variety of sectors. but remember, the tech sector expanded particularly rapidly in the leading up at to these a rising interest rate. so i think the impact is going to be more significant and in the tech sector, whether they need to do it or not. i'm not the business analyst, but i do think that they are in the quite a massive pressure from investors to improving profit profitability. okay, so it could be an investor driven, but the other question i want to ask is that to what extent is a i replacing people. so artificial intelligence is going to have a huge impact on the labor market go forward. but i don't think we've seen the much of outright replacement from a i yet. i think what's happening gradually though, you said artificial intelligence is changing the business model. in many companies, in particular, firms that's being very reliant on collaborative advertising for revenues. and not seeing th

this shows why tech _ global markets earlier. this shows why tech remains - global markets earlier.ch remains one of my favourite sectors for the rest of this year. it contains all the things we are looking for in a market that i think maybe contrary to the prevailing optimism. it will get a lot to offer this year. despite the fed and we talk about that later. but tech has everything you would want in this environment. we got pretty good rising sales, profitability, margins protected, buybacks, pretty low debt levels and lots of cash flow. in that space i think that's what we want to see more of as we start to get into some of as we start to get into some of the challenges that i think will be hitting most of the equity space as we progress through the year. the other part about it is the consumer is really what is holding things up right now. i think the consumerfocus will things up right now. i think the consumer focus will remain important for the first half as well. ., ., ., , , well. how are the asset markets. _ well. how are the asset markets, commodities, well. how are the as

european bonds, tech stocks powering up the stoxx 600 to a record high. u.s. 10 year off three basis points on the day. we are basking in glory of nvidia earnings. they have clawed their way to to join dollars market capitalization -- $2 trillion market capitalization. intuitive machines got its lunar participation going yesterday, landing on the moon for the first time in 50 years. we will dig into that. not all earnings are glorious. we will dig into warner bros. later. peeling back these narratives on the ai boom, erica is with us. or read on tech, nvidia. interested whether you think the hype has reality underneath it. will we see a broadening in terms of a i love? >> yes. jenison has a long-term outlook. we've always been positive and early. all of our expectations have been blown out of the water. caroline: jenison is an operator. he managed to beat a global business. extraordinary. this company is finding working with china more difficult, largely because of geopolitics. erika: political landscape is more challenging for companies now, as they have

you take a look at aac tech. david: the apple greater china numbers missed by 2.7%. 13% drop from last year. the lowest absolute number since 2019. but there is also this pulling back in yields. lifting the overall tech. plus the gaining conversation in tencent. let's get granular as far as apple is concerned. mark is with us to talk us through this. we touched on it but if you could tell us more about the guidance on -- the weakness they are seeing in their chinese market, how worried should we be? >> two things going on. you asked about guidance. their outlook was not pretty. they said they are going to report earnings in line with the march order last year. -$5 billion that they called the positive bump on pent up iphone demand in the year ago second quarter. that interprets to me -- i interpret that as a buy up to 6% -- as a 5% to 6% annual decline. they are going to drop 5% in the next quarter they announce, the current quarter. in terms of china, down 13% on an annual basis in greater china. look at the mar

tech ceo marc benioff. the sales force leader took to social media monday saying san francisco is once again experiencing a tech revival entrepreneurs and investors are flocking back to the city which is undergoing a boom in artificial intelligence tech analysts agree probably had more hiring. >> in the next 5 years that we've had in the past i actually touches everything. tech analyst tim the hair and he's been covering the industry for 45 years. he says the layoffs we've seen are result of inflationary concerns and over hiring to meet demand during covid. and while he says layoffs may continue through the middle of the year, the bay area's tech future looks bright. not just today. i alone, but also to help companies moved from 2 d to a virtual 3 d immersive environment enterprises around the world are going to be forced to deal with the artificial intelligence needs as well some of them looking at how they're going to use things like the rna are in training in fields, service and sales in the future. pare

caroline: let's go in on climate tech. politicization around it, particularly in an election year. how are you seeing real world use cases of what you are starting to back? >> it's a fairly broad category. i will give you a couple of examples. we invested in a company last year called watts. it's a waste management solution, helping large hospitality players do a better job of managing the expense around their waist. we invested in the first hydrogen power private plane company, started by a french aeronautics engineer. we think there is a lot of opportunity but at the end of the day, what we are really looking for is where are the exits? are these categories or businesses that have a large acquired base? and i think within climate tech, there is so much interest and so much need for better products and solutions. caroline: i'm sure a lot of your lps are asking where are the exits and you think a lot about where we are in the landscape right now, ipo market, still not looking that pretty. have you seen an uptick in mn a? h

that's not just the tech sector. as i think the effects of interest rates on employment are going to be seen across a variety of sectors. but remember, the tech sector expanded particularly rapidly in the leading up at to these a rising interest rate. so i think the impact is going to be more significant and in the tech sector, whether they need to do it or not. i'm not the business analyst, but i do think that they are and the credit quite a mess of pressure from investors to improving profit profitability. okay, so it could be an investor driven, but the other question i want to ask is that to what extent is a i replacing people. so artificial intelligence is going to have a huge impact on the labor market go forward. but i don't think we've seen the much of outright replacement from a i yet. i think what's happening gradually though it said artificial intelligence is changing the business model. in many companies, in particular, firms that's being very reliant on collaborative advertising for revenues. and not see

that's not just the tech sector. as i think the effects of interest rates on employment are going to be seen across a variety of sectors. but remember, the tech sector expanded particularly rapidly in the leading up at to these a rising interest rate. so i think the impact is going to be more significant and in the tech sector, whether they need to do it or not. and i'm not the business analyst, but i do think that they are in the quite a massive pressure from investors to improve in profit profitability. okay, so it could be an investor driven, but the other question i want to ask is that to what extent is a i replacing people. so artificial intelligence is going to have a huge impact on the labor market go forward. but i don't think we've seen the much of outright replacement from a i yet. i think what's happening gradually though, instead, artificial intelligence is changing the business model. in many companies, in particular, firms that's being very reliant on collaborative advertising for revenues. and not seei

today is the big day for wig tech. -- big tech. three giants report this afternoon, here's how apple, meta and amazon are doing premarket. all of them are up a little. now, here's microsoft and google. both took a huge hit wednesday, a modest rebound this morning. you know, wall street had its worst day since october. doesn't look like the fed will lower rates in march. market didn't like that. i'll call what you see on the left-hand side of the screen a modest rebound today. the dow up maybe 11, s&p 20, but the nasdaq up maybe 10 to point. interest rates, down. the 10-year well under 4%, you're at 3.89 now, and the 2-year with, your looking at 4.19. gas has started to go up, $3.15. it's the up about a couple of nickels, no, a couple of cents. diesel, same story, $3.93. >>> all right, politics. defense secretary austin will hold a press conference this morning, his first aexperience since his treatment for prostate cancer. this is going to be about his failure to tell the president's of his absence, america's response to iran and t

everything is fine and dandy to a tech companies have to deliver on their spectacular promises. one of the most glaring examples is hyperlink. a high speed above ground vacuum to popularized by mosque in 2013, and pursued by a number of firms. undeterred by the failure of his above ground travel project, musk optic to go underground with this boring company, burske pledge to collaborate systems of tunnels under cities were autonomously dripping pods with 16 passengers would sit around with these that became a place to develop a system of so called states, which would sweep electric cars across town at speed to up to 210 kilometers an hour. which became a one way tunnel to drive test was through at about 65 kilometers an hour called the loop, which at least exists. you sold these systems to a bunch of cities around the united states, and in most cases they have not materialized. and then the only place where it, where it has, which is las vegas. it's a short tunnel that connects up the convention center. and it's mainly just in a, in attraction for tesla's, you know, it's a way t

startups. iiii the next generation of tech startu s. . ., the next generation of tech stamps-— startups startups. ifi could be the pessimist in _ startups. ifi could be the pessimist in this - startups. if i could be the - pessimist in this conversation, so many small businesses use cheap and free software that comes with risks though, doesn't it, when it comes to cyber security?— doesn't it, when it comes to cyber security? possibly, but if ou cyber security? possibly, but if you look— cyber security? possibly, but if you look at _ cyber security? possibly, but if you look at how _ cyber security? possibly, but if you look at how ai - cyber security? possibly, but if you look at how ai has - cyber security? possibly, but| if you look at how ai has been used by most software startups, you can sign up forjap gpt the premium versionjust $20 you can sign up forjap gpt the premium version just $20 a month, it's not terribly expensive. if you look at some of the other software packages from google or microsoft that start off�*s use, ai is being embedded into them, so responsibilities for man

one is that the is really army really was mired by an over reliance on high tech solutions and high tech weaponry that they've been rolling out in the past few decades. they put a huge over emphasis on artificial intelligence and digital surveillance. and at the same time, they've really decreased attention and funding um to its ground troops. so that's one thing i think the other thing is that we can't always take the branding slogans and advertising campaigns of the as really weapons industry as seriously as they want us to. you know, every war has presented israel with a really great opportunity to sell weapons and decades of occupation has really done the same. but i think october 7th really brings the limitations of those weaponry and all of these new systems in to really so i think so, i think it also forces us to really question just how effective all these systems are and you know, providing security calling violence as as all of the ceo's and military generals promoting these systems are saying, right, so let's get some context here. marla, how important is the, is really arms i

big tech investors not caring. katie: amazing to watch big tech ignore the bond market.ing with market cap monsters. coming up, paul romer on the role of u.s. trade policy in a fractured world. this is bloomberg. ♪ personalized financial advice from ameriprise can do more than help you reach your goals. i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. investment opportunities ameriprise financial. are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. abigail: coming up, this is bloomberg. ♪ katie: david westin sat down with paul romer on the shift in global trade relationships. paul: we need a more nuanced view going all the way back to the origins of my work, distinguishing ideas from objects. w

oh, euro tech companies will start. who will control the technology that will shape the future of humanity. we don't want the future with such a fundamental technology because in the hands of a single company, we may only find out, you know what the arms and and malign uses as a weapon against democracy or when it is too late. march, you will see a high res stats, march 16th on dw, the the this is the w news life from balance brushes. vladimir fuson, one's native of the ukraine, and his annual states of the nation address, bruce and hints, nuclear weapons could be used as nice. so countries send troops to ukraine, it uses the west, is trying to destroy russia from within full. so coming up on the program, the warnings of russian interference in mold davis, break away region of trends. mystery, a pro process that persists the off must go to health, claiming discrimination by the pro western government and phase of russian met.

let's get another check on tonight's big tech earnings. friend gene munster has been listening into the conference call. has a few takeaways so far just getting sol suggestion, gene, that sales will be weaker than expected for apple. we saw the stock take a leg lower here what did you hear? >> melissa, i heard, you got to be really astute to how luca gives this guidance. but basically, it implies that the street was a couple percent too high for the march quarter and effectively what's gone on, there's this 13 to 14 weeks, i don't know if you remember the conversation, 13 weeks this year versus 14 last year, analysts expected that the growth rate should naturally accelerate in the march quarter, given our comparisons, 13 to 13 for this march quarter. and, in fact, they're saying expect similar types of growth rates, and so, when you kind of put all that together, that was the -- the output is that there's going to be some tweaks down in estimates. in terms of, like, the pace of the business, it probably slows a little bit at december, beca

everything is fine and dandy to a tech companies have to deliver on their spectacular promises. one of the most glaring examples is hyperlink. a high speed above ground vacuum to popularized by mosque in 2013, and pursued by a number of firms. deterred by the failure of his above ground travel project, musk optic to go underground with his boring come. first, the pledge to dig elaborate systems of tunnels under cities were autonomously dripping pods with 16 passengers would sit around with ease. that became a place to develop a system of so called states, which would sweep electric cars across town at speed to up to 210 kilometers an hour. which became a one way tunnel to drive test was through at about 65 kilometers an hour called the loop, which at least exists. you sold these systems to a bunch of cities around the united states. and in most cases they have not materialized. and then the only place where it, where it has, which is las vegas, it's a short tunnel that connects up the convention center. and it's mainly just in a, in attraction for has was, you know, it's a way t

data is the fuel for big tech's profit machine and raw material that sustains big tech's business model. this endless quest for more data incentives big tech to maximize user engagement and attention. the formula is simple, more time on social media means more data to fuel the targeted advertising machine that means more revenue for big tech coming at the expense of the privacy of teenagers and children in our country. addiction equals data equals money. simple formula. addiction equals data equals money. that's their business model. you can put it on a three with by five card, it's not complicated. and it's a lot of money. in 2022, according to a recent harvard study, the major big tech platforms earned nearly $11 billion in advertising revenue from u.s. users under the age of 17, $11 billion they made off of kids targeting ads towards them. that's 11 billion reasons to build ever more sophisticated data profiles on younger users, 11 billion reasons to build new addictive features, 11 billion reasons to keep our young people clicking and liking, and the question is how to change big te

everything is fine and dandy to a tech companies have to deliver on their spectacular promises. one of the most glaring examples of hyperlink, a high speed above ground vacuum to popularized by musk in 2013 and pursued by a number of firms. deterred by the failure of his above ground travel project, musk optic to go underground with his boring come. first, the pledge to elaborate systems of tunnels under cities were autonomously dripping pods. with 16 passengers would sit around with ease. that became a place to develop a system of so called states, which would sweep electric cars across town at speed to up to 210 kilometers an hour. which became a one way tunnel to drive test was through at about 65 kilometers an hour called dilute, which at least exists. you sold these systems to a bunch of cities around the united states. and in most cases, they have not materialized. and then the only place where it, where it has, which is las vegas, it's a short tunnel that connects up the convention center. and it's mainly just in a, in attraction for tesla's, you know, it's a way to sell

one is that the is really army really was mired by an over reliance on high tech solutions and high tech weaponry that they've been rolling out in the past few decades. they put a huge over emphasis on artificial intelligence and digital surveillance. and at the same time, they've really decreased attention and funding to its ground troops. so that's one thing i think the other thing is that we can't always take the branding slogans and advertising campaigns of these really weapons industry as seriously as they want us to. you know, every war has presented israel with a really great opportunity to sell weapons and decades of occupation has really done the same. but i think october 7th really brings the invitations of those weaponry and all of these new systems in to really so i think so, i think it also forces us to really question just how effective all these systems are and you know, providing security calling violence as as all of the ceo's and military generals promoting new systems are saying, right, so let's get some context here. marble. how important is the is really arms industr

one is that the is really army really was mired by an over reliance on high tech solutions and high tech weaponry that they've been rolling out in the past few decades. they put a huge over emphasis on artificial intelligence and digital surveillance. and at the same time, they've really decreased attention and funding to its ground troops. so that's one thing i think the other thing is that we can't always take the branding slogans and advertising campaigns of these really weapons industry as seriously as they want us to. you know, every war has presented israel with a really great opportunity to sell weapons and decades of occupation has really done the same. but i think october 7th really brings the limitations of those weaponry and all of these new systems in to really so i think so, i think it also forces us to really question just how effective all these systems are and you know, providing security calling violence as as all of the ceo's and military generals promoting the systems are saying, right, so let's get some context here. marble. how important is the is really arms industr

they break up big tech. i like do and very concerned about this sort of metastasis of surveillance and censorship powers. again, in the hands of, you know, governments and corporations that don't always reflect community, no arms or, you know, the, the social benefit or the interest of the marginalized or etc, etc. etc, so i don't have a solution for like the one weird trick to do to solve it. but i think it's going to require social movements because again, you're looking at sort of entrenched power and a kind of government. government is willing to weaponized the language of accountability and the language of reducing big tech harm in context where that expands. so the big tech model or the authority to governments. right. but what we haven't seen are sort of in bold regulation. there is not political will to use the regulatory framework. so i think there needs to be much more demand. and i think about it almost as like, you know, is a kind of dignified stance, right? like, we don't want to live in this wo

i want to be in anything but mega cap tech. those stocks are not leading and as they bleed market cap, the money is going elsewhere, and what's really great, it's going everywhere else. my son is in the stock market competition this spring. so he has, like, 90 days to outtrade everyone else. it's not an investing contest. you have to look at set yuts that are breaking out right now. we looked at all-time highs, not 52-week highs, s&p 500 names making all-time highs. there are 133 of them right now. look at what's on that list. it ain't apple. it ain't alphabet. it's caterpillar. it's trane technologies, eaton, merck, procter & gamble, colgate, mcdonald's, rollins, jpmorgan, walmart. this is every sector, almost every sector you could think of with, like, the exception of utilities and energy has stocks that are within 5% of, again, not year highs, all-time highs. >> josh, we're saying the same thing, though. >> look away from mega cap technology. that's not going to be defensive. rob, those stocks -- >> josh, we're saying the e

tech ceo marc benioff. the sales force leader took to social media monday saying san francisco is once again experiencing a tech revival entrepreneurs and investors are flocking back to the city which is undergoing a boom in artificial intelligence tech analysts agree probably had more hiring. >> in the next 5 years, then we've had in the past i actually touches everything. tech analyst him the hair and he's been covering the industry for 45 years. he says the layoffs we've seen are result of inflationary concerns and over hiring to meet demand during covid. and while he says layoffs may continue through the middle of the year, the bay area's tech future looks bright. not just today. i alone, but also to help companies moved from 2 d to a virtual 3 d immersive environment enterprises around the world are going to be forced to deal with the artificial intelligence needs as well some of them looking at how they're going to use things like the ar in ar in training field service and sales in the future. parents

one is that the is really army really was mired by an over reliance on high tech solutions and high tech weaponry that they've been rolling out in the past few decades. they put a huge over emphasis on artificial intelligence and digital surveillance. and at the same time, they've really decreased attention and funding um to its ground troops. so that's one thing. i think the other thing is that we can't always take the branding slogans and advertising campaigns of these really weapons industry as seriously as they want us to. you know, every war has presented israel with a really great opportunity to sell weapons and decades of occupation has really done the same. but i think october 7th really brings the limitations of those weaponry and all of these new systems in to really so i think so, i think it also forces us to really question just how effective all these systems are and you know, providing security calling violence as as all of the ceo's and military generals promoting the systems are saying, right, so let's get some context here. marla, how important is the, is really arms ind