caroline: i'm caroline hyde at

our world headquarters in new york. ed: i'm ed ludlow in san francisco, this is bloomberg technology. caroline: we break down the cpi report. ed: bringing you the latest in the world of ai. jumping again, no obvious driver. the chairman joins us to discuss with the company is doing to justify the jump in stock. caroline: and we speak to the ceo of a semi conductor company weathering the slump. joining us with their outlook. all of that in so much more, coming up. let's dig into the markets. it was a big macro picture kind of day. hotter than anticipated year on year, the nasdaq pushes through. up 6/10 of 1%. maybe near the end when they are close to fighting tactics. the two year yield, listening more to the inflation override that they are worried about with inflation remaining hot.

yields in borrowing costs, dialing back on the mix, it might be more about the geopolitics. the fact that those new ufos or items were shot out of the sky. maybe a dial back the anxiety. we may have seen a bounce back in terms of crypto. look at that, a push higher in terms of bitcoin. regulatory risks? maybe we are getting used to them. ed: and we are looking at inflation with an eye on earnings. the theme continues through the technology sector. airbnb, a strong outlook for the fiscal first quarter coming in above expectation in terms of booking and sales. we will track it across the hour. the earnings call, we will bring you the key numbers. talent here was one stock -- palantir, jumping to its highest level since august. recording their first quarterly

profit on a gap basis last year. full year of 23 was their key headline. as you say, it's up 8%, big jump, bucking the trend. forecasting strong sales in the elevated demand for end markets. nvidia, april highs right now, it's largely about artificial intelligence. there is a lot of momentum around it. the work they are doing in the field of ai, read through. individual names on the nasdaq 100, conversely to what you would expect. caroline: getting back to the inflation story, ev's, your favorite. the average monthly payment for the u.s. is at a record $777, nearly doubling from the late 2019. and of course, electric vehicles

costs 25% more than the average car. the shift to plug-in is good -- is about to make that affordability crisis even worse. keith, there was a big take that was well read about this rising issue of costs of cars. it is a global issue, isn't it? >> what it's doing is putting the dream of car ownership out of reach for middle-class buyers. that was always part of the contract with the middle class. a new car in the driveway, own your own home. these things are all becoming out of reach. the average price of a new car is approaching $50,000, up 30% from 2019. driven by the pandemic and supply shortages. you know what? automakers have discovered they can make more money selling fewer cars at higher prices, they don't want to give it up. ed: lean inventory with fat

price tags. the electric vehicle effect, some of the most interesting parts of the report in that piece where the price premiums. what did you find? keith: $50,000 is a luxury car price, right? the average price of an electric vehicle is $61,000 and it just came down a bit. tesla did some across-the-board price cuts. it's really out of the reach of most people. the ev push, and we are expected to be half ev by the beginning of the next decade, is only going to make cars less affordable. caroline: but a lot of the handwringing was about supply chain and ship shortages. we know that has swung into reverse to a certain degree. is there a price input issue here? keith: the interesting thing is

yes, dealer lots were empty and it drove up prices. but the automakers saw that and said g, i can have fewer people in the factory, less inventory i have to pay for. lower marketing costs, i don't have to discount the cars to move the metal. let's keep the inventory low in the prices high. that is what they would like to do forever more. supplies snag or not. ed: keith, terrific reporting. thank you so much. bringing in michelle krebs, you take such a deep view of the auto industry. going back to that question that i asked keith, what's the impact of electrification and boosting the average price of a new car across the nation and beyond? michelle: keith had it right. the price of electric vehicles, at one point the average price

in our calculation was $66,000. that's more than the household income for morse -- most americans. that's coming down of it because of the tesla moves but we are also seeing automakers introducing less expensive ones and we should see more of that. ed: what is the permanency of this phenomenon? how long do prices stay elevated? michelle: i think for a while. we don't see them coming back down and i would quibble with keith a little bit. we started seeing this trend long before the chip shortage. we saw the domestic automakers getting out of the traditional car business, those lower-priced cars, leaving that to the asian automakers and they have not been able to produce them fast enough to appeal to people who are on budgets. that's not going to change.

we are moving more towards electric vehicles. i don't know when the price parity gets there but we are in for high prices for a while. caroline: i want to bring up what we have been asking the audience about. this context, 66 thousand dollars, more than most americans annual income. what is more worrying for you in terms of inflationary rushers? it's more about their groceries -- pressures? it's more about their groceries, the price of l, valentine's day, i'm sure that they mean those services, going out to get bookings and drinks. to that end, is there a clever way we can finance autos going forward so it isn't quite so expensive on a monthly basis? keith: i think -- michelle: i think we are going to see experimentation because this business model doesn't work for

many americans. last week hyundai announced a subscription service where you pay for your ev on a monthly basis. we may see that kind of thing. something has to give if we are going to go towards more ev's. i would say that in your survey if you had asked are you more worried about the general price of vehicles, that is what i hear from consumers. ev part just of onto that. caroline: at the moment deemed by many a luxury item. michelle: absolutely. caroline: will competition change that? michelle: it already has. tesla has done some discounting. they did discounting at the end of this year. we are seeing lower-priced models come onto the market. competition will certainly impact pricing. will it really bring it back down to the level that we are used to, doubtful. ed: we have focused really on

the consumer in this conversation. i want to focus on the automakers themselves. like tesla, or transition names like ford, gm. how do you look at 2023 when it comes to this transition? what are you hoping for in the next 12 months? michelle: it's what we are going to see is a much more competitive environment. we are starting to see some automakers clearly inroads making the tesla market share go down. what we are watching for is how much inroads other automakers make with ev's. caroline: always wait to catch up with you, thank you so much, michelle. sticking with autos, ed just named check to them, for it is going to be cutting jobs in europe as the ev shift takes hold. they are shifting their model lineup to battery only.

as previously said, the reduced time and effort to develop and make electric cars was going to lead to smaller teams. ed: a common story. sticking with ev, tesla workers in new york are launching a unionization campaign. employees who label data for their autopilot technology in buffalo, new york, sent an email to musk today outlining the intent to unionize, seeking better pay and job sick early alongside a reduction in production pressure as they say heaven or hell. -- pressures they say have been harmful to their health. caroline: ai for a moment. a deep dive with tom siebel. not want to miss that. -- you do not want to miss that. looking at a stock that is moving after hours, is be

earnings. up 10%, saying their next fiscal quarter will be as good as their fourth quarter. the demand is still there, up more than 10%. this is bloomberg. ♪ (upbeat music) there's more to business than the business you're in. (robot whirring) want smarter factories? that's the internet of things business. accelerating r and d? data science business. hey. have a look. managing global supply chains? shrink our carbon footprint business. thank you. (in foreign language) that's where deloitte comes in. with a potent blend of acumen and technology to help advance and connect all that it takes to excel in business ... to the business i'm in.

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know, the world tends to focus on passengers. that's not one third of emissions. the focus on the easiest third, cars going electric, that's the field. about 40% of energy generation is wind and solar. >> information that you want, analysis you trust. everything you need to get started with u.s. trading. weekdays on bloomberg. caroline: welcome back to "bloomberg technology." ed, we can't let this day go by without digging into artificial intelligence. ed: it's a familiar name that i'm tracking, c3 ai.

jumping today, no obvious reason on the terminal. year-to-date it is up more than 100%, including the tuesday session. let's sort of zoom out for a moment, give context for what's going on here. this is a company that was at an ipo of $42 per share in december of 2020, all the way on the right-hand side of that screen. we are nowhere near the peak immediately following the ipo. what's driving this evaluation? we are nowhere near that historic high. luckily, as you know, we have a conversation coming with exactly the right person, the c three ai chairman. you know your stock performance. is what they do -- does what they do is a business justify the trading we have seen? tom coleman it's the world's

leading provider of enterprise application software. if you think that artificial intelligence is going to influence the enterprise in a big way, this represents a, just a staggeringly large market application. caroline: interesting that you bring that up, we have spoken to some vc's who say enterprise searches where they have seen a real fit. talk us through the c3 ai generative search. you are going to unveil it in march, i believe. what will it disrupt? thomas: the platform represents the engineering that we applied and manufactured into harrows space, utilities, oil and gas. -- aerospace, utilities, oil and gas, what have you. now with generative ai and

reinforcement learning at the end of the platform, it allows us to fundamentally change the nature of the human computer interaction model for these important enterprise applications. this is a huge development and it has brought you know a lot of attention to ai in the last couple of months. as we've seen. caroline: oh boy, hasn't it just. moving to microsoft, they did the deal. then google, parent alphabet, what they have up their sleeve. what's interesting with c3 ai is you are integrating all of those capabilities using, if i'm right, open ai, google, academia. what do your deals look like? how do you combine the earnings? thomas: we have close partnerships in technology with google, microsoft, aws. as they advanced technologies as they will in the coming years,

we will be able to immediately take advantage of all the innovations they provide in the underlying core architecture and make the innovations available to customers in the applications, making the applications much more efficacious and easier to use. this is a this is a big development that could fundamentally change the interaction model for enterprise applications. this is genuinely a big deal. ed: i asked our audience before we came on the show, what they wanted to know and they said what artificial intelligence competence does c3 ai have and to be fair, you have answered that. but it raises a good question, your stock ticker is ai and what is your take on how much of the trading is retail investors trying to buy in to find the next big thing without missing an opportunity? thomas: honestly i don't track the market that closely.

i think we have seen a market correction since this huge technology bubble that we had that peaked in the first quarter of 2021. i think that with c3 ai we had a dramatically undervalued security. when this whole thing recovers, c3 ai will be if not the, one of the worlds main living providers of ai applications. i think it presents, i think we still have an undervalued security and it will be a promising opportunity. ed: noting that you have more than 800 million dollars in terms of cash on the balance sheet, will you take advantage of the run-up in the share price and sell any more shares? thomas: no, i think we are, i think our focus is on growing the top line rapidly. our focus is on running a cash positive profitable business, which we expect to be doing next

year. i don't expect cash balances to go below $700 million in cash. we are well capitalized and in a position to room the business and advance the technology, deliver a cash positive profitable business growing at a rapid rate. i think about the time the fed takes its brake, this company is going to be blowing and going. we're, we're, between now and then we are going to run the business. caroline: looking to inorganic growth, you know m&a. your last business was bought by oracle back in the day. you understand m&a more than most. thomas: ceo of siebel systems, we bought 20, 23 companies. it's a great question. we are focused on growing the business organically.

we invested $1.5 billion in the technology foundation over a decade. we have done a lot of hard work here. i think this is not going to be one of these salesforce type stories or oracle type stories. we believe we have the technology foundation in place, growing our technology footprint organically. we have 42 turnkey enterprise applications today for utilities and advanced manufacturing. we will expect that to grow into hundreds of applications in the years to come. never say never to an acquisition, but that is not, that's just not in the, in the, in, not our focus right now. ed: in terms of how you make money from artificial intelligence, you have shifted, right, from subscription to consumption.

i'm curious how that works out, the timing of it, and the boom in interest of artificial intelligence. thomas: i think the timing was perfect. we have seen a transition from first perpetual licensing to subscription licensing. it's clear the licensing standard for the cloud, cloud computing, is consumption-based pricing. this is the way that everyone does it. this is the standard. the way that companies want to buy. they can pay as they go. so, we are finding it has been very, very well received by the marketplace. by our partners at google, microsoft, amazon, by customers and prospects. caroline: come back, keep telling us about the deals and what you are doing to grow the business. thank you. before we had to break, c3 ai is in the bidding for a contract to

revamp the u.k. national health service. challenging an offer from pal and tear -- palanti quite the move we have seenr. . -- palantir. quite a move we have seen. ed: the market believing in that story, we will continue to track that one. coming up, the latest news in the world of vc backed startups in spite of the global downturn. that's on next. this is bloomberg. ♪ -- that's all next. this is bloomberg. ♪ (♪♪) this electric feels different...

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ed: time now for the vc round up, starting with insurance deco, which just raised 150 million dollars from a group of investors led by goldman sachs asset management. the largest ever series a for an indian insurance tech company scaling up and expanding to new markets and growing the business with small and medium enterprises. another fintech startup, aspire just raised 100 million in a round that more than doubled their valuation in a deal led by lightspeed and sequoia capital. used by businesses for a range of financial services, including making international payments and automating invoices. finally, capsule, online delivery subscription -- online delivery prescription services led by cox enterprises according

to the information citing sources saying the firm is looking to raise a $500 million valuation down from their previous valuation of $1.2 million. caroline: we are going to see more of that in this environment, i feel. coming up, one company looking to whether the macroeconomy, the chip industry, looking pretty good. backing the broader slowdown, tom caulfield right here in new york is coming to join us. from new york, from san francisco, this is bloomberg. ♪

♪ caroline: welcome back to bloomberg technology. i am caroline in new york. ed: i am ed ludlow in san francisco. caroline: let's get to chips.

global foundries surging after earnings. the biggest move since november taking shares to the highest level since march 2022. once again earnings beating expectations. he did it in november, delivered and said he will post growth looking positive for this year. it looks as though they are still feeling positive, able to book in those orders. how when the rest of the industry seems to be going bust. tom caulfield is here to answer that question. we are seeing chipmakers with different business models to yours seeing the oversupply, the ricochet coming back from lack of supply. why are you able to take on these headwinds? tom: first of all, let me think our team. tom does not provide these results, thousands of people worldwide deliver these results.

we position ourselves because we play in so many diverse markets. where there is strength we can flex our capacity. where there is weakness, we do not play. personal computing is probably the smallest market for a source most portion of our revenue. that is disproportionately current in this downturn we are going through. caroline: less of an exposure to a consumer. what about customers? their ability to commit right now, to user factories. that is the interesting business model, helping them to invest in the future as well. i am interested how they are able to tackle these too? tom: when our customers talk about adding capacity, these are four or five year long projections they are making. it is not temporal things right now. when customers look for this cycle and what their growth potential is of their business,

i do not think there is a single executive or ceo in the semiconductor industry that does not believe in the next decade this industry is going to double. they look through this macroeconomic environment we are in and think about longer term and the kind of contracts we are signing with customers in the last quarter. a much longer-range than the near term. caroline: the contract. oh, sorry, carry on. tom: i called him long-term agreements. now, these seem a long-term agreements we signed two years ago are creating a framework for us to work in partnership with customers. single source business. how do we make the best of the situation, how do we work together to get through the downturn? at the same time, honoring the economics of these contracts. caroline: let's talk about non-cancellation agreements that you have wanted. guaranteeing revenue streams. how willing and able are your customers to do that? tom: it's not a question of

willing or not willing. we sit and work with them and there is a lot of leverage we can use to find common ground. we can trade in duration for these contracts. we can remix the business, there may be segments where there is more demand than the segment they signed up to. they can pay modest fees for the temporal moment. the key is how do we as partners position ourselves to get through the inventory correction but more importantly position our relationship for growth when the industry does come back. ed: i appreciate that response. is it difficult right now to get customers to sign a new agreements. those that are coming to an end. those that you want to on board as new customers that you have not done business with previously. how much nervousness is there in that fresh field of business? tom: one, we reported we have signed some in the fourth quarter. recently we signed one with

general motors which shows that this has not stopped. the only hesitation for customers right now, for longer range agreements, is what the year -- near term looks like and what they want to get now over the next year versus longer-term. so for putting a little bit of a pause in signing up for long-term, leaving more time to get a better sense of the growth of capacity they would like to put on for us is what we are going for right now. ed: there is so much emphasis and interest on the onshore supply chains in this country, on what the biden administration has done in terms of dollar figures to support your industry. do you actually feel any of that right now to your top line? tom: let me put this in perspective. the chips in science bill signed one half of the dust soft one half of the equation. the other half is making sure there is demand. that is the story that needs to be written.

having said that, there is an appetite in a will and desire to bring more semiconductor manufacturing to the global footprint, including the u.s.. what that entails is not taking an existing design and re-qualifying it, it's thinking about next generation designs, your next products. designing those into the supply chain of your future. we are beginning to see that come our way. caroline: let's talk about designing into the future with some of your partners, the gm arrangement that i think you announced earlier this week. what is new in terms of that? what foresight can you give us as to the way in which gm is taking about its supply chain? tom: i the highest level, it is getting gm the capacity they need on a technology platform that is durable for them. where they want it at the best economics. essentially, what this means to the entire auto industry is the type of semi conductors as they think ahead of their semi

conductor content in the growth rate in cars. they do not see enough capacity on platforms of technology and semi conductors that they are going to need. they need to today begin to engage with manufacturers to create capacity. by working with manufacturers like gf they get to secure that on the technology platform they want in the best economics because they will share in the investment to create capacity. then that investment does not get marked up through the rest of the supply chain it comes back in finished components or electronic equipment. ed: respectfully, global foundries is a much smaller operation than tsmc or samsung. that is just the reality. what are your advantages? what can you offer chipmakers and direct customers like gm, that those giants cannot? tom: a couple things. first, we start with our geographic footprint.

in singapore, u.s. and germany. in many cases we can qualify a single product continents away to give the supply chain flexibly. the second thing is some of those competitors you mentioned, the vast majority, there are indian capacity is single-digit nanometer for high-speed digital computer. we service a different part of the market, what we call future rich semi conductors, where we added embedded memory features for security of credit cards and secure transactions. we add high-voltage for display drive. so we play in adding features to existing platforms that create differentiations that customers need for their products. ed: with tesla and tech giants working on their own chip designs, engage with you about future opportunities? tom: i don't speak about customer engagements one and

less we've done something in the press. given how important semi conductors are to the world economy and how semi conductor manufacturing in it self is so important, you can imagine that we speak to a lot of end-users about our capacity expansion. ed: i can imagine in alaska next hundred local foundry ceo tom caulfield. thank you for giving us some time on the show. tom: thank you for having me. ed: coming up we look at stocks and hedge funds loved and hated last quarter as the 13f filings roll out. why many are feeling the burn. more on that. caroline: let's get to stocks being loved after hours. and mb being one of them. they are seeing strength and resilience in the new quarter versus the previous quarter last year, was a record. they delivered the first full year of profit. the ceo is talking about price transparency it's having a neutral impact.

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ed: shopify was among technology giants to cut its workforce during the market rout. its stock is poised to outperform over the course of 2023 as those layoffs translate to lower costs. narrow losses and better cash flow. investors will see the results when shopify reports earnings tomorrow.

caroline: meanwhile, stocks being rewarded and punished. we are going to turn to 13f filings, basically funds and what they're doing with them. they buying or selling in communication sectors. they are selling all of them, it seems like. anything else that happened in the fourth quarter, we've got the person to speak to about it. before big tech at a rebound, some people -- sonali basak is here to walk us through what the big buys are. what are they buying? sonali: there are certain traders actively buying into or shorting big tech names. the reason they are selling is if you look at the aggregate they hold more tech than anything else so the way they are position to move, there is room to sell and they are benefiting from again in the nasdaq. let's talk about the names themselves because you see big divergences between hedge funds and the rest of the investment industry.

although they are on a lag you hear from family offices and pension funds, tesla is one of the biggest position changes in the positive direction. that is as you see some big names like light street get out of tesla in the same timeframe. you see blackrock and bigger index funds getting into tesla in the same timeframe. one of the biggest buys is tesla. one of the biggest buys is boring. tax-exempt bond etf's by vanguard. it is a lot of etf's that show you how funds are trying to position. we were talking not just about the hedge fund with the family offices. i want to point out for example you have duchesne getting out of amazon as quickly as it did. you have soros fund management betting against silver gate. caroline: silver gate has had a terrible turn of late. was that short working at that point? sonali: it's hard to know exactly when.

yeah, exactly, donna fitzpatrick was the ceo you are alluding to. market value is 1.7 4 million. the one thing not disclosed about the wager was what does it really do on the downside? how low does silver date really go? is he still in the position now? to a lot of news about silver gate, including bloomberg's own reporting about inquiries from the department of justice came after the quarter. so the question is what do these options -- these are put options, what to they look like in terms of what soros has been buying? one point seven 4 million is chum change for him. again, what the payoff will be is what we are interested in. looking at big tech as well. it's worth noting that the tiger -- ed: you're on a roll. let's go for it. sonali: the reason it matters is because it is a position in question. you look at what is happening over at tiger global management and what you are seeing is a lot of selling, rather than buying.

that is an important dynamic to keep a hold of after some of these funds were heavily burned after the ripsaw of last year. of these are big funds. we know they are private investments. do the private marks take bigger markdowns now, especially as those companies do not make it into public markets, the markets have an opening for ipo. ed: i know you like fcu's because i see a lot of names that i covered. rivian is a big example. big names exiting positions and rivian which was the second worst performer in the nasdaq 100 last year is one example. what other big tech names are we waiting for that we had some clues that there might be movement? sonali: what is interesting if you take a look at it, you're seeing a big diversions on it fintech. you sought buying in at mastercard, but on the other end of things, selling of paypal. paypal was a big seller when it came to the hedge fund industact

will it take to bring fast money into a stock like that? you can see mastercard ends up being bought in the same timeframe. there were tech buys. esau alphabet being largely bought in the timeframe -- you saw alphabet in the timeframe. buying more finance names in tech than anything else. but in tech you are watching people get into card companies despite some of the issues we have seen in the broader economic environment. more than they are buying for example let's just take the selling of amazon. ed: sonali basak. dozens of headlines. getting wind of 13f, keeping track is a skill. i appreciate it. speaking of headlines on the bloomberg terminal, some news breaking. the tesla shareholder ross gerber has notified tesla in a letter to the general counsel he

is seeking a board seat. ross gerber has notified tesla formerly in a letter that he is seeking a board seat. you remember he joined us on twitter at spaces friday, where he made public his intention to be a friendly activist and pursue that seat. this is it concretely, he has taken the step. caroline: rather shellshocked, a moment of silence as we took it in on his birthday, came on to announce that that is the step he will be taking. not your usual activist investor. it has built up an enormous stake, but he's got the backing of significant shareholders. ed: yes. he's got 440,000 shares of gerber, psaki, his wealth manager, 0.01% of the company. he's got the backing of the biggest individual shareholder who has 1%. he names drop -- he name dropped big institutions that he is friendly with. we've reached out to tesla, elon

musk, the ir team, no response as yet. caroline: notably that is actually what he wants to stop happening. he wants them to reach out, more public relations, media friendly discussion coming from tesla about what they're doing. fascinating and great that you got this headlines in the middle of the show. coming up, a new way of commuting in the air. how close are we to taking electric flying taxis? more on that next. for we go to break let's stick with the world of travel. because trip advisor has also been having its numbers out. as you see coming up, 8% -- most of the companies coming in after hours have been outperforming and suddenly we've got music out of airbnb. trip advisor up more than 8%. this is bloomberg. ♪

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caroline: look, i ride a bike around new york city, trying to dodge the traffic. perhaps there is a more glamorous way to do it. you may have another option to reach a destination in style. in the sky. electric air taxi. talk to us about this breaking new uncharted territory in new york. >> so blade is chartering flights. you can get a helicopter, a plane. they are in the health organ transportation business. but today, there one step closer to launching electric aircraft. so basically we all know about the push behind ev's. this would be an electric aircraft that someone can ride in. caroline: ok.

so the blades take off near where i commute up and down. why is this much better? we can see pictures of this but it looks like a helicopter. what's different? >> weird helicopters and their quite noisy. just the regular ones around new york city, but this one in particular is very quiet. when i was at the westchester airport when it flew right by, you could not hear much. so the way they are designing this plane is all about reducing the noise. that way as these become a more normalized, just within this space, it won't be as noisy to bring those down. ed: your next dispatch for bloomberg technology is to report to us live from the air inside one of these, ok? challenge excepted. for me, here is the reality. so many players trying to literally get these off the ground. how real is this business? when do we see it widespread above manhattan?

>> it will take some time and we look at data, they are in the process with the faa, trying to get approvals. it's not just going to appear. it's going to take years. right now beta is saying they're hoping to get faa approval by 2024. blade has an saying 2026, their customers could perhaps start writing on these aircraft. ed: on that note, how much will this cost? if i am in new york looking at the screen, am i going to be able to afford this? >> i think you might. it's going to be cheaper. price point, taking one of these private helicopters is not necessarily easy, but given the electric factor, it will reduce cost. so we will see what the price point becomes when they roll out. caroline: fascinating. blade, beta getting together. we will see if regulatory approval comes in 2024. great to have you.

skyler there. let's get back to something that was a first maybe for bloomberg in general, breaking news on one of our spaces. the spaces that we do. we are now getting the reality, the fact that ross gerber, a small shareholder in tessler, but a very out there talking about tesla is looking for a board seat. ed: it's hard to know whether this will work and not, him being a friend the activist beauty he tiny position. canvassing support of bigger investors. we had him on to talk about the activism in disney. the penny dropped and the moment. he was like i'm just going to tell you i am pursuing a board seat. he is making practical plans. his elon musk spending enough time on tesla or too much at other companies? i've been speaking to investors and they have mixed opinions. caroline: i wonder what the reticence might be about his point being corporate governance.

many would say a founder led business is more lacking than most. we know that on the board of tesla, a number of family members and the like. ed: it ranges from those who say there's nothing wrong with elon musk to those who say ross is inconsistent. we will track this story, this is just the start. caroline: quite a bit of breaking while you are presenting a television show. stunning headlines. that does it for bloomberg technology. tomorrow, fomc, it is about learnings. ed: recap the whole show on the podcast. i heart, apple, spotify, this is bloomberg. ♪ named... dinosaur? we just got an order from a dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. godaddy. tools and support for every small business first. sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh

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