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May 27, 2024
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xai says the funding — from silicon valley investors including sequoia capital — will be used to takes to market, build advanced infrastructure and accelerate research and development of future technologies. women make up a smaller proportion of top earners in uk finance than before the pandemic, according to research by the london school of economics. the study looked at the top 1% of earners between 2020 and 2023 and found 19.4% were women — down from 19.7% in the previous three years. lse researchers blame "lack of progression "to the most senior roles." qatar airways says it has launched an internal investigation after six passengers and six crew were injured during severe turbulence on a flight from doha to ireland. the qatar airways boeing 787 was met by emergency services when it landed shortly after midday on sunday at dublin airport. the incident comes just five days after a 73—year—old man died during severe turbulence on a singapore airlines flight. here are some reactions from passengers on the qatar airways flight after their arrival in dublin. the food trolley was coming
xai says the funding — from silicon valley investors including sequoia capital — will be used to takes to market, build advanced infrastructure and accelerate research and development of future technologies. women make up a smaller proportion of top earners in uk finance than before the pandemic, according to research by the london school of economics. the study looked at the top 1% of earners between 2020 and 2023 and found 19.4% were women — down from 19.7% in the previous three years....
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May 28, 2024
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for video xai hasn't talked about building in-house chips like amazon or aws which means some of the 24 million fundraising dollars will go to nvidia chip sales necessary for the ai infrastructure. that's one driver today. another bullish point for nvidia comes from today's business insider piece that suggests amazon web services is struggling to compete with nid chips. aws makes in-house chips i was there not long ago talking to the team over there this report claims that aws' largest customers aren't adopting and using the in-house chips for aws. it's just a half a percentage of nvidia gpus. some internal amazon ai projects rely on nvidia chips versus the amazon grown chips not great sign when you've had a lab around over for a decade and still opting for nvidia chips. the reason nvidia's software cuda snowflake in the last few months talked about using nvidia chips over aws chips for its large language models. another analyst report research out with a higher price target 1250 on nvidia because, quote, they don't see anyone challenging nvidia's margin for the next two years. >> wo
for video xai hasn't talked about building in-house chips like amazon or aws which means some of the 24 million fundraising dollars will go to nvidia chip sales necessary for the ai infrastructure. that's one driver today. another bullish point for nvidia comes from today's business insider piece that suggests amazon web services is struggling to compete with nid chips. aws makes in-house chips i was there not long ago talking to the team over there this report claims that aws' largest...
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May 28, 2024
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right now xai is behind the rest of the others i mentioned.unk of that cash they just raised is going to go to nvidia to scoop up its best chips which, of course, costs tens of thousands a pop and another chunk likely over to oracle or whatever cloud service that -- if a deal doesn't materialize there. interesting list of investors, fidelity and sequoia capital are also investors in the post-musk twitter called x, of course, and through its significant value destruction of their most recent high-profile bet on musk it sounds kind of like that kevin bacon moment in "animal house. thank you, sir, may i please have another >> you know, it was favorite in college. i am quite familiar with that movie. but, i mean, my understanding was -- i talked to some people when they were making the pitch, steve, a number of weeks back, that he's talking about potentially a large facility i think in tennessee, million square feet, full of h100s to your point a lot of $6 billion going to nvidia to, obviously, help power whab it is xai is going to be powering. >>
right now xai is behind the rest of the others i mentioned.unk of that cash they just raised is going to go to nvidia to scoop up its best chips which, of course, costs tens of thousands a pop and another chunk likely over to oracle or whatever cloud service that -- if a deal doesn't materialize there. interesting list of investors, fidelity and sequoia capital are also investors in the post-musk twitter called x, of course, and through its significant value destruction of their most recent...
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May 28, 2024
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xai will largely use h 100 to train the models.t's interesting, grock is the only public facing integration of their work. it is trained on data from that social site. clearly, they need money to compete on talent and on compute. what they do with that in terms of a consumer or enterprise facing tool, we don't have a very good sense of. vonnie: for his part, altman said he wanted to build a super intelligence. ed: elon musk is known for his productions and timelines, but often he misses those. he says artificial general intelligence is something he sees happening next year. he has been inconsistent. he signed the infamous letter calling for a pause on ai and was asked on that last week. do you want to be a spectator or participant? he believed that there should be a pause in the development of ai, but believed that there should be involvement in making the technology rather than sitting on the sidelines. we need to see much more clearly the point of difference that it has relative to openai or the other startups. vonnie: ed ludlow,
xai will largely use h 100 to train the models.t's interesting, grock is the only public facing integration of their work. it is trained on data from that social site. clearly, they need money to compete on talent and on compute. what they do with that in terms of a consumer or enterprise facing tool, we don't have a very good sense of. vonnie: for his part, altman said he wanted to build a super intelligence. ed: elon musk is known for his productions and timelines, but often he misses those....
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May 28, 2024
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helped in part by the xai funding announcement, about $6 million raised by elon musk.-based chips for the ai systems those shares are up 3% capping off with a check on the meme stocks. they are back. this after gamestop announced it raised $933 million in funding by sharing 34 million shares gamestop up 22%. amc up 4.5%. other smaller memes not up by nearly as much as gamestop i'll send things backs over to you guys. >> dom, it's been something to watch, the meme stocks think they're back for good sdm. >> i'm not sure if they're back for good by the way, well off at $23 per share. we're talking in the 60s for gamestop by the time the middle of the month came around it's interesting that share sale head luns are what drives the upside in these markets, the fact there's a dilutive effect, not really factoring into the meme stock craze fundamentals, still a question about whether they play into the meme stocks. you never know what these guys are thinking the messaging boards, reddit and everything else. >>> let's take a final check on the markets before we hand things ove
helped in part by the xai funding announcement, about $6 million raised by elon musk.-based chips for the ai systems those shares are up 3% capping off with a check on the meme stocks. they are back. this after gamestop announced it raised $933 million in funding by sharing 34 million shares gamestop up 22%. amc up 4.5%. other smaller memes not up by nearly as much as gamestop i'll send things backs over to you guys. >> dom, it's been something to watch, the meme stocks think they're back...
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May 14, 2024
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caroline: could xai have gotten a better valuation? to announce around for them, but if the question is whether we participated, we did. ed: it's a presidential election year. background in technology, testing, you been vocal on the political front. will you be more active this year in this election cycle? david: we talk about politics in the all in pod. foreign-policy events all over the world. obviously, the election is unavoidable. it's no secret that i have been a critic of biden. i may get more involved in the sense of maybe hosting events, maybe contributing. it's really, it's not, it's certainly not the main thing that i do, put it that way. the way that you get involved in the political process is you host events and maybe you get to meet the candidates that way. that is something we have tried to do, me and my cohosts. we have done that now for robert f. kennedy, jr., we did that work vivek ramaswamy. we've had events from them. we have extended an offer to the other manager -- major candidates and we hope they accept. carolin
caroline: could xai have gotten a better valuation? to announce around for them, but if the question is whether we participated, we did. ed: it's a presidential election year. background in technology, testing, you been vocal on the political front. will you be more active this year in this election cycle? david: we talk about politics in the all in pod. foreign-policy events all over the world. obviously, the election is unavoidable. it's no secret that i have been a critic of biden. i may get...
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May 28, 2024
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a delaware court in january shareholders will vote on a re-proposed package on june 13th meanwhile, xaias raised $6 billion in new funding boosting the valuation to $24 billion in the blog post, tesla says the round was backed by investors, including ho rrrowitz and sequoa capital. >>> bill gross says trump would push deficitis higher than if voters reelect president biden that is because he continues tax cuts and more spending gross says the biden administration has spent far more money than it has taken in through taxes, but trump would be quote more disruptive. >>> shares of gamestop are surging today after the video game retailer raised nearly $1 billion in a stock sale on friday we are seeing shares up over 18% in the pre-market. gamestop had filed to sell up to 45 million shares following a rally earlier this month that was sparked by the return on social media of keith gill, aka, roaring kitty, whose bullish call kicked off the meme stock frenzy frank, up more than 100% month to date. >> it took one cryptic tweet silvana, thank you >>> back to the markets. a big week ahead for th
a delaware court in january shareholders will vote on a re-proposed package on june 13th meanwhile, xaias raised $6 billion in new funding boosting the valuation to $24 billion in the blog post, tesla says the round was backed by investors, including ho rrrowitz and sequoa capital. >>> bill gross says trump would push deficitis higher than if voters reelect president biden that is because he continues tax cuts and more spending gross says the biden administration has spent far more...
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May 28, 2024
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used earlier in relationship to cava, or does it make sense because part of this is on the back of xaiis going to buy a whole lot of nvidia chips for xai. >> through that lens, it makes perfect sense. through the other lens, double triple ordering, margins at some point are going to peak in a meaningful way the fact that market participants think semis are no longer cyclical. that's the other side of the equation through the one lens, the capx and the space, it absolutely makes sense. the other side of that mountain, though, not so much in my opinion. >> you believe in the other side of the mountain. >> just so we're clear, for the last 80% or 100% >> that's the thing. >> so i want to be clear about that >> that's what's fascinating about this move. we have been talking about semis for how long in terms of performance in leading the market, two years. so to say that semis have outperformed the market by 60% in the last two years, you're not surprised to hear it 45% of the 60% move or 75% of the move of outperformance of semis has come since november of '23 to the present that's crazy m
used earlier in relationship to cava, or does it make sense because part of this is on the back of xaiis going to buy a whole lot of nvidia chips for xai. >> through that lens, it makes perfect sense. through the other lens, double triple ordering, margins at some point are going to peak in a meaningful way the fact that market participants think semis are no longer cyclical. that's the other side of the equation through the one lens, the capx and the space, it absolutely makes sense. the...
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May 28, 2024
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you mentioned the xai musk story. >> broadcom is down. not like everything is up. amd is up. >> i think the players that are viewed as maybe more like direct beneficiaries may be up. broadcom is a directive beneficiary of ai as well. >> a lot of people make that argument as a cheaper way of playing nvidia at this point it's not that much cheaper. >> it's quite a bit cheaper and still inexpensive. broadcom is a different ai you asked about risks to nvidia one is competition hyper scalers are doing their own. broadcom is doing the work for the hyper scalers. there's only two companies that have material ai stories right now videnvidia and broadc and that's it. >> do we know whether xai will spend all this money with nvidia >> i don't know that we know anything for sure but seems -- does seem they just raised money, does seem they're going to be spending money likely with nvidia if they want to build a super computer over the timeframe they're talking about they don't have any choice. there's one option it's nvidia. >> that's why the stock continues to go up last ques
you mentioned the xai musk story. >> broadcom is down. not like everything is up. amd is up. >> i think the players that are viewed as maybe more like direct beneficiaries may be up. broadcom is a directive beneficiary of ai as well. >> a lot of people make that argument as a cheaper way of playing nvidia at this point it's not that much cheaper. >> it's quite a bit cheaper and still inexpensive. broadcom is a different ai you asked about risks to nvidia one is...
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May 28, 2024
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elon musk�*s artificial—intelligence start—up xai says it's raised $6 billion in the company's latestch musk says answers questions with "a little humour". mr musk was an early backer of the industry leader 0penai — the people behind chatgpt — but he later criticised it and warned about the potential dangers of the technology. global football icon david beckham has scored a new advertising deal with china's alibaba. the former england captain has been named the global brand ambassador of ali—express — that's alibaba's international e—commerce platform. it's one of several high—profile chinese brands, including electric car maker byd, that are sponsoring this year's uefa european soccer championship. when we come back, china in pole position — we'll assess whether its car manufacturers are taking over the world of evs. around the world and across the uk, this is bbc news. welcome back. most in the world know we should tackle climate change, but it requires expensive decisions and the prospect of doom still feels like it's far enough way. in the maldives, that prospect feels much closer
elon musk�*s artificial—intelligence start—up xai says it's raised $6 billion in the company's latestch musk says answers questions with "a little humour". mr musk was an early backer of the industry leader 0penai — the people behind chatgpt — but he later criticised it and warned about the potential dangers of the technology. global football icon david beckham has scored a new advertising deal with china's alibaba. the former england captain has been named the global brand...
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May 29, 2024
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yeah, it might. >> xai just raised $6 billion. you're also fully informed, eric. >> i am.l in a state of flux -- >> let's say you vote against him. then what do you think happens? >> well, it's unclear exactly which way things are going to go. if the vote against against mr. musk there is a -- >> you want to vote against him. you are doing this as a political stance? you want him to lose. if you want him to lose, what do you think happens if he loses? >> it may well be the case that mr. musk decides that he's going to move on to other pastures and there is an argument in -- among tesla stockholders that that would be a bad thing. there's an argument that it might be an okay or acceptable thing for the future of the company. that's exactly the inflection point i think yewe're finding ourselves in. >> you think there's more value to be created with the value he's not there? >> it is a super close call in my view, andrew, that, you know, this is not 2018. this is 2024. in fact, that's one of the big problems here is that i think getting a stockholder vote to approve and ratif
yeah, it might. >> xai just raised $6 billion. you're also fully informed, eric. >> i am.l in a state of flux -- >> let's say you vote against him. then what do you think happens? >> well, it's unclear exactly which way things are going to go. if the vote against against mr. musk there is a -- >> you want to vote against him. you are doing this as a political stance? you want him to lose. if you want him to lose, what do you think happens if he loses? >> it...
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May 28, 2024
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if is going to be distracted they would much rather prefer he's distracted by xai.s important to remind x and x ai. kurt: there only product is a chatbot called grok being trained from information on xp elon has talked about the importance of grok in real time and how eggs is differentiated. that is the relationship. i don't think it's crazy to think of x as becoming more formal part of x ai. it would tie it to this ai business model people are excited about. right now, x data training data. caroline: and be as true seeking as possible. that was what was being talked about by elon musk at the viva tech conference and his frustration with openai that he helped co-create and left. openai has created a board committee to value a security. it's a governance change after a top executive resigned. the company disbanded this internal team. we will break it all down. they are trying to make an effort they are about safety in alignment with humanity but he was almost born? >> that was one of the first things i noticed they said i may pose that sam altman is a member of the b
if is going to be distracted they would much rather prefer he's distracted by xai.s important to remind x and x ai. kurt: there only product is a chatbot called grok being trained from information on xp elon has talked about the importance of grok in real time and how eggs is differentiated. that is the relationship. i don't think it's crazy to think of x as becoming more formal part of x ai. it would tie it to this ai business model people are excited about. right now, x data training data....
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May 24, 2024
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it appears we are closer to that the one other piece of it is on the xai side and if folks invested in x, may get a piece of xai that might be, because they are training on stuff that's on twitter, whether that actually might be a vehicle for them to get their money back if not more we all talked about the valuation. >> rather than paying them to be trained on it, you get a cut >> you get a slice of that company and if you thought to yourself, okay we paid $44 billion for the company. today, the company is worth 50% of that? less than 50%? this may be the vehicle, it there is a vehicle to get you there. >> being on that train without giving a value. >> if you believe xai is worth more than 1 billion dollars? it is a way to recognize the value that they may have lost. >>> in the meantime, a landmark deal that could change college athletics. the ncaa and the power five have agreed to pay college athletes as part of the anti-trust settlement that includes 2$2.7 billion in back pay dating back to 2016 and p paves the way to pay up to $20 million a year to players. the deal still has to be
it appears we are closer to that the one other piece of it is on the xai side and if folks invested in x, may get a piece of xai that might be, because they are training on stuff that's on twitter, whether that actually might be a vehicle for them to get their money back if not more we all talked about the valuation. >> rather than paying them to be trained on it, you get a cut >> you get a slice of that company and if you thought to yourself, okay we paid $44 billion for the...
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May 24, 2024
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just six months ago or $88 billion just six months ago this as the financial times report that musk's xaiecured backing from recent partners and others valuing the a.i. company at $18 billion all this while musk's core business continues to hit road blocks with tesla cutting model y production in shanghai by 20% from a year ago. >>> the s.e.c. is clearing the way for a batch of new etfs that deal directly in ethereum with trading set to begin later this year through products offered by blackrock and fidelity and ark invest and more. the decision comes less than six months after a similar approval for spot bitcoin etf with the inflow surpassing $12 million. it is on pace for the best week in more than a year. frank, if you had told me some ten years ago we would see etfs for cryptocurrency, i would have said really? it is incredible how much this has grown. >> bertha, if you said cryptocurrency would still be around, i would have bought a lot of it. i did a story on local news a couple years ago when bitcoin was 1/20th what it is now. if i had only known. thank you. >>> turning attention t
just six months ago or $88 billion just six months ago this as the financial times report that musk's xaiecured backing from recent partners and others valuing the a.i. company at $18 billion all this while musk's core business continues to hit road blocks with tesla cutting model y production in shanghai by 20% from a year ago. >>> the s.e.c. is clearing the way for a batch of new etfs that deal directly in ethereum with trading set to begin later this year through products offered by...
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May 23, 2024
05/24
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mathew smith, joining me from stifel >>> xai has secured some new backing from an degreesen h hor horowitzhange. i will see you on "power lunch" with dominic chu on the other side of this break (♪♪) iconic brands speak for themselves. we are so excited to welcome you to our community. today is all about you. (♪♪) (♪♪) [kids screaming and playing] ♪ ("tosca, act ii: vissi d'arte" by maria callas) ♪ ♪ (orchestra del teatro alla scala, milano) ♪ ♪♪ [water splashes] ♪♪ [kid laughing] ♪♪ [water splashes] ♪♪ ♪♪ [ripple sound] [laughing] [water splashes] [continue laughing] ♪ ("horn house") ♪ ♪♪ [chuckle] ♪♪ >>> welcome to "power lunch," alongside kelly evans, i'm dominic chu. we have a lot of coverage about inindividualsia's blowout report, of course, kelly, but there are other stories we watching today, including the issue igniting taylor swift fans in both political parties, the
mathew smith, joining me from stifel >>> xai has secured some new backing from an degreesen h hor horowitzhange. i will see you on "power lunch" with dominic chu on the other side of this break (♪♪) iconic brands speak for themselves. we are so excited to welcome you to our community. today is all about you. (♪♪) (♪♪) [kids screaming and playing] ♪ ("tosca, act ii: vissi d'arte" by maria callas) ♪ ♪ (orchestra del teatro alla scala, milano) ♪...
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May 30, 2024
05/24
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as a result, xai for his boring company suffer. caroline: great breakdown. thank you.f space, asd is looking to take on the likes of starlink. conversation with the ceo, next. meanwhile, telecom italia, going to break, kkr is looking for eu approval for a deal. gan an in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh caroline: welcome back to "bloomberg technology." let's get a quick check on the markets. a little bit of suppressed enthusiasm around tech stocks. even as borrowing costs come down. the 10 year, four point 54 is where retrade and that's more on the macro picture. gdp slowing with inflationary pressures meaning that the fed can cut. we come down on borrowing costs with nasdaq under pressure for micro data earnings. bitcoin is currently off by 1.5%. more new music to the upside. 68,000 on the crypto, that's where we dig later in the show. moving on to the individual mover
as a result, xai for his boring company suffer. caroline: great breakdown. thank you.f space, asd is looking to take on the likes of starlink. conversation with the ceo, next. meanwhile, telecom italia, going to break, kkr is looking for eu approval for a deal. gan an in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns....
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May 17, 2024
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look at the oracle xai deal. that's almost all going to be funded through nvidia chips.h potential. the stock is not overvalued, and the growth trajectory doesn't look like it's slowing down. it looks like it's going to accelerate. it's still a buy, i see $1,000 easy for them if they beat next week. >> what do you make of the big names trimming positions, they've done well. the pe is hardly too frothy -- we could say it's not frothy, not 100, not like netflix used to have. is the pe still expensive? >> it is. is 38 cheap? no. is 38 reasonable for a transformative company, yes. i think this is still such early innings in the ai trade, and we're going to see so much investment not just from incumbents but also from -- companies but also from sovereign nations, individuals as we get into ait play. we're still early innings. this development is going to continue, and the chip demand is only going to continue to grow. for us the challenges aren't there yet. we can talk about china and amd and people trying to ramp up, but nvidia by far and away has made the best chips, contin
look at the oracle xai deal. that's almost all going to be funded through nvidia chips.h potential. the stock is not overvalued, and the growth trajectory doesn't look like it's slowing down. it looks like it's going to accelerate. it's still a buy, i see $1,000 easy for them if they beat next week. >> what do you make of the big names trimming positions, they've done well. the pe is hardly too frothy -- we could say it's not frothy, not 100, not like netflix used to have. is the pe still...
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May 29, 2024
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. >>> meanwhile cathie wood is one of the investors who just scosc scooped up a stake in xai.ccording to bloomberg, the stake representing about 2% of ark's holdings. >>> and a u.s. judge is rejecting amazon's request to dismiss an amazon suit. the lawsuit which was first filed in june of 2023 accuses amazon of deceptive practices, intentionally making it hard for consumers to cancel their prime accounts, frank. >> thank you very much. we'll see you a bit later in the show. >>> back to wall street, futures are lower that saw the nasdaq close at a record high. gains from nvidia potentially overshadowing concerns about rates, inflation, and the economy as investors await the beige book meeting today, gdp tomorrow. >>> there's a chance of a 10% chance of a cut in july. despite that, the nasdaq is up 6.5% during the same time the tech trade continues to dominate. let's talk more about this with peter boockvar. he's also a cnbc contributor. always reading your notes every day, the boock report. thanks for being on. >> thank you for having me on. >> the rise in bond yields, is that
. >>> meanwhile cathie wood is one of the investors who just scosc scooped up a stake in xai.ccording to bloomberg, the stake representing about 2% of ark's holdings. >>> and a u.s. judge is rejecting amazon's request to dismiss an amazon suit. the lawsuit which was first filed in june of 2023 accuses amazon of deceptive practices, intentionally making it hard for consumers to cancel their prime accounts, frank. >> thank you very much. we'll see you a bit later in the...
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May 28, 2024
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we'll ask clarence out is about that >>> and elon musk's xai is valued at $24 billion. could it become the biggest challenger to openai we'll debate that. "the exchange" is next after this to start a business, you need an idea. it's a pillow with a speaker in it! that's right craig. a team that's highly competent. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-oriented. [jenna screams] and most importantly... is the internet out? don't worry, we have at&t internet back-up. the next level network. i sold a pillow! a slow network is no network for business. that's why more choose comcast business. and now, we're introducing ultimate speed for business —our fastest plans yet. we're up to 12 times faster than verizon, at&t, and t-mobile. and existing customers could even get up to triple the speeds... at no additional cost. it's ultimate speed for ultimate business. don't miss out on our fastest speed plans yet! switch to comcast business and get started for $49.99 a month. plus, ask how to get up to an $800 pr
we'll ask clarence out is about that >>> and elon musk's xai is valued at $24 billion. could it become the biggest challenger to openai we'll debate that. "the exchange" is next after this to start a business, you need an idea. it's a pillow with a speaker in it! that's right craig. a team that's highly competent. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-oriented. [jenna screams] and most importantly......
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May 28, 2024
05/24
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the demand, you want to talk demand, elon musk announced -- or at least, yeah, he basically said that xai, the the version that he is going to bring up he expects will probably take on chatgpt, will be powered by nvidia chips. tens of thousands of them. so there's your runway for earnings for nvidia in the future, right? >> it is. and the fact that you have alphabet, you have microsoft, you have amazon spending tens of billions of dollars on these chips, i got into this stock in 2018. the year i bought it the stock fell 35% -- liz: which one? nvidia. liz: nvidia, okay. >> nvidia and the stock fell 35% because then they said they only make chips for video games. now they make chips for everything. and what i think is the advantage to nvidia is jensen wang. he is a brilliant ceo. he took this from the ground up and made it what it is. i think he conveys, he communicates his message if right, and i think it's got a ways to go. but when you're looking at -- right now nvidia has a chance to overtake apple. liz: okay. >> i mean, let that sink in. liz: okay, let that sink in, but also let sink i
the demand, you want to talk demand, elon musk announced -- or at least, yeah, he basically said that xai, the the version that he is going to bring up he expects will probably take on chatgpt, will be powered by nvidia chips. tens of thousands of them. so there's your runway for earnings for nvidia in the future, right? >> it is. and the fact that you have alphabet, you have microsoft, you have amazon spending tens of billions of dollars on these chips, i got into this stock in 2018. the...
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May 17, 2024
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there's going to be less obvious 100 like hey gen and questions what happens with xai in this whole equationpositioned and will benefit, but that's not where you're going to get this 2 to 3 x appreciation. i'm sensitive to the comments i'm making. i was an analyst, and i saw all the euphoria around what happened in 1999 and all the pain after that, and so in this case, what we are seeing and ultimately is the concept of a machine to be able to function with general intelligence to me is a 2x bigger factor than what internet is. i think that's going to come from the smaller, middle cap and some ipos that ultimately will be the new mag seven call it five years from now. >> it will be interesting to track whether, you know, the example from the prior period of thinking we'll never have enough fine capacity and broadband in the ground, to all those companies going bust, now we feel like you can't make enough of the computing capacity. we'll see how it goes. thanks for the time this morning. >> thank you. >> turning to retail and fresh clues about the health of the high-end consumer with results
there's going to be less obvious 100 like hey gen and questions what happens with xai in this whole equationpositioned and will benefit, but that's not where you're going to get this 2 to 3 x appreciation. i'm sensitive to the comments i'm making. i was an analyst, and i saw all the euphoria around what happened in 1999 and all the pain after that, and so in this case, what we are seeing and ultimately is the concept of a machine to be able to function with general intelligence to me is a 2x...
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May 31, 2024
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. >> not just tesla, but spacex and xai, all of these servers they need to order. >> oh, my. >> and if you're dell, don't you discount maybe, because you know this is going to be a great customer for a long period of time at least, i'll throw that in the mix as a possibility. >> can you go a step further and talk to us -- some people are saying because of the vote upcoming on tesla, this stuff might have at one point gone to tesla. >> it was interesting the way it was termed to me is musk companies, one of them is public, and the other are private. the musk companies that are private can do whatever they want in terms of buying all of the servers they need. but maybe you do get a benefit of buying as many as possible and there are discounts that are available. anyhow, the key point for dell, does it mean that they were more aggressive on price for the key customer, that's not going to be the case there was an answer to the question as well. >> the only thing, the next question was asked in the cadence of the conference call, really basically saying, right now, not yet, but coming to fr
. >> not just tesla, but spacex and xai, all of these servers they need to order. >> oh, my. >> and if you're dell, don't you discount maybe, because you know this is going to be a great customer for a long period of time at least, i'll throw that in the mix as a possibility. >> can you go a step further and talk to us -- some people are saying because of the vote upcoming on tesla, this stuff might have at one point gone to tesla. >> it was interesting the way it...
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May 10, 2024
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. >> he's also -- musk also has his xai, which has raised, i think, $6 billion at an $18 billion valuationht into datacenters chips, things like that. >> you got alphabet also i had -- aristonet, that stock has been incredible. they do the ethernet that connects the gpu and all the -- they're both rivals, too, because nvidia's got its own product. this is alphabet it's -- >> but your point is that this spending, you can't cut back on this spending. >> that's exactly my point people feel that oracle has to keep spending in order to stay cogent if you cut back, you lose. so, i mean, this is what jensen's been saying when i was out there. he says, look, they have to have it they keep -- i want them to develop their own stuff for inference, but they're not going to be able to make it for training, which is the thing that people -- everybody wants to be able to use the data that's when you look at salesforce's ads that's about the data. palo alto, they have a series of new ads with keanu reeves. >> jensen's also made the point that every sovereign is going to want to do this in their own bucket
. >> he's also -- musk also has his xai, which has raised, i think, $6 billion at an $18 billion valuationht into datacenters chips, things like that. >> you got alphabet also i had -- aristonet, that stock has been incredible. they do the ethernet that connects the gpu and all the -- they're both rivals, too, because nvidia's got its own product. this is alphabet it's -- >> but your point is that this spending, you can't cut back on this spending. >> that's exactly my...
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reporting the valuation for elon musk's artificial intelligence startup now nearing $18 billion as xailatest funding round. those folks who thought, by the way, that investors early on with elon musk and x would make their money back, they're going to get a piece of this and may make it through this if nothing else president biden saying the u.s. would not supply israel with certain weapons and artillery shells if its military invades rafah, a city in southern gaza where more than 1 million people are sheltering we'll talk about that in a little bit because we have house speaker mike johnson, who now survived a challenge from congresswoman marjorie taylor greene, who tried to oust him from power, he's going to be joining us in the next 20 minutes at 7:20 eastern time we'll talk to him about that, the comments from president buysbuys biden and so much more. >>> breaking news out of the uk. the bank of england holding interest rates steady, that is as expected. as early as next month, the bank is expected to potentially crates s cut rates that's from the ecb. we'll see what happens as th
reporting the valuation for elon musk's artificial intelligence startup now nearing $18 billion as xailatest funding round. those folks who thought, by the way, that investors early on with elon musk and x would make their money back, they're going to get a piece of this and may make it through this if nothing else president biden saying the u.s. would not supply israel with certain weapons and artillery shells if its military invades rafah, a city in southern gaza where more than 1 million...