>> from the heart of where innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology." with caroline hyde and ed ludlow. caroline: live from new york, i'm caroline hyde. >> and i'm jackie davalos from san francisco. this is "bloomberg technology." caroline: china retaliates with its own tariffs on the united states, plus palantir sores to a

new record as earnings show untamed growth for its ai software. and spotify shares surging after its first annual profit. we start there with a markets check. let's get to it with the nasdaq currently making up for yesterday's selloff. we are currently up more than 1%, and in terms of contributors it is all about palantir. have a look at what the fundamentals of certain businesses are doing to this index. palantir, up 26%, a new record high as we see untamed organic growth when it comes to ai. they win on commercial, they win on government. spotify also added new record come up almost 10% as they and to users and also the first prophet ever in terms of an annual profit. alphabet up 2.5%. they are coming with their earnings after the bell. we will get to the earnings, but this is also an antitrust investigation story. from china. this as we see china retaliate to the tariff potential coming

from the united states. anticipate a call between xi jinping and trump coming soon, but let's delve into the tech implications. mike sheppard is with us. from a search perspective, google is not there in china, but android is. mike: android is, and you have to think of this also in terms of symbolism as well. xi jinping is trying to send a signal to washington that, hey, i can retaliate too him and try to make it hurt by targeting individual companies. i going after google with this antitrust probe, look, search is not really a factor in china, where it really hasn't been operating since 2010. the company does have some advertising sales and engineering work done there. it does have three offices in three different chinese cities. it is not a zero factor, but it is a signal that other u.s. entities, perhaps apple, and perhaps intel -- we saw the financial times reporting that

officials in beijing were weighing whether to conduct a fuller probe of intel as well. and also, as you and i have talked about, there is the nvidia antitrust probe been conducted by officials in beijing. this is over that long ago acquisition by nvidia. they are trying to send a signal with this google antitrust probe is anything else. jackie: there is also an nvidia probe. this is not the first time xi jinping is using a probe like this to retaliate. in the past have you seen it be an effective negotiating tool? mike: we are going to find out now whether it works in real time with donald trump, because under the biden administration list wanted cake -- one equation, but under donald trump it is a different one. he may not be looking at this as such a dangerous signal. even after having met with jen-hsun huang last week it may not be as big a concern. really what we are looking for

is the broader negotiation that it's going to happen in april. this is really just sort of the opening round in the conversation between china and the u.s. on trade. the president has ordered a review of the phase one trade agreement he forged at the end of his first term. we are going to hear more about that in april. this is sort of the warm-up act to a bigger conversation. her number, donald trump has talked about imposing tariffs about to 60% additional tariffs on chinese goods. that would really hurt beijing, which is focusing on its exports to the rest of the world as a way of reviving its domestic economy. jackie: bloomberg's mike sheppard. thank you. as alphabet faces a chinese probe the company is set to report after the closing bell. what we can expect, ryan joins us now. it comes to google there is

cloud, search, and artificial intelligence. what is top of mind for investors going into this report? ryan: good afternoon. i would say the cloud business is where most people are curious right now. he did get my soft -- microsoft results. they were growing slower than expected but that is partially due to some supply constraints. cloud is becoming increasingly important to alphabet and i think people are curious to see what growth looks like there. we also got better results last week, which painted a good picture of advertising. it is safe to assume a google search will be pretty song as well -- strong as well. caroline: any mention of deepseek, do you think, ryan? ryan: i'm sure they will address it. it is an interesting position with respect to deepseek they do find a way to make their own ai model more cost-effective it is probably going to be great for the stock. but it seems like so far while it did see a little bit of volatility last week when the big selloff happened and it

impacted everyone in tech, it has come back strongly since then. it has been able to brush off a lot of issues you think would take down a stock like this. not only the regulatory and antitrust stuff out of china, but also here in the united states. caroline: i like that you know shares are at a record high. we thank you. not amd after the bell as well. for more market perspective let's bring in fiona cincotta. let's stick with earnings for a moment. we have record highs on the back of certain earnings today and we look toward alphabet and amd. what are you looking to in terms of generative ai being a winning formula for these companies or not? i think we have a technical issue there. you're just going to bring her volumes up for you. we spend a moment anticipating what fiona is going to be delving into in terms of generative ai.

we would be anticipating the anxiety it is currently having on the markets. let's go back to fiona now. i think we fixed your technical issues. talk about earnings and fundamentals first. fiona: i think ai is still very much a focus as far as earnings are concerned. we know that the investors are still looking to see whether these huge investments that we have seen are going to be bringing returns, are going to be -- to be bringing in new revenue streams. i think that is helping to keep these stocks at these record levels. there is a lot of optimism surrounding what the ai can do for these stocks. you know, the prospect of potentially those costs coming down in the future. again, i think that is a positive as far as users of ai can be concerned. jackie: i'm curious if there is a divergence between some of the

software names and hardware names, especially as we are seeing geopolitical tensions play out in the form of tariffs that could take a bigger hit to chipmakers, for example. fiona: it is a good point, and we have been noticing that. that is something that is going to be forefront as we get to these earnings as well. what is the outlook as far as some of those stocks are concerned? what is the prospect of exports and terrace being placed on them? export limitations? which could make the outlook for those chip stocks a little more complicated. whereas the more software firms, they have the potential to have a little more freedom as far as their outlook is concerned, and potentially could benefit from the outlook, even as we see trade tariffs, discussions in the market. jackie: one of the things i'm curious about is, many think it

is going to be friendly when it comes to the federal trade commission. what do you think that bodes for technology? fiona: if we do have a sense that there is reduced regulation we know that could be really beneficial for technology. i think it is a really interesting idea, especially when we are considering what regulation there might have been with regards to big tech, with regards to this idea of ai as well. i think that is still very much an open subject of where regulation may have been. the fact that we could be looking at a future of decreased regulation is definitely a positive for many stocks in the tech area. also could be outside of the tech area as well. caroline: one of the names you have been field -- what are the names you have been fielding the most calls on? fiona: that is a good one. obviously nvidia. nvidia has been hugely in focus because of those levels of

volatility we have had. tesla has always been very popular among clients as well. but heading toward this week amazon and alphabet are the names that have been up there with our clients. we do see this big focus on the magnificent seven and their ability to be able to continue impressing the market with their numbers. caroline: how do you think the investor base has come out and terms of, yes, please, this is a rush, this is a war? on the other side, do we need this level of data center investment right now? where are they falling as to that ultimate dichotomy we see faced in the market? fiona: when we did see that released last week from deepseek, that did just sort of raise questions of disruption and raise those questions over the amount of spending, which had been lingering anyway. i think at the moment so far what we have seen from a earnings season so far, from the

cools we have listened to, it does seem to be that sense of, ok, for now this still seems like an idea that investing in ai is still the way to go. there are still plenty is of opportunity -- plenty of opportunities out there. i think we are on the cusp of understanding what this ai revolution could mean for stocks. at the moment we are still on that site. i think what the concern would be is actually when we get a little bit further down the line and we are not seeing a return on those investments, that is when we are going to start potentially to see this unraveling. of two now this has not been the case. jackie: i'm curious, but now that you mention perhaps companies getting a bit more leeway, especially as you have president trump really amp in up this idea of the ai race, national competitiveness, how long do you think investors will give companies to see whether those investments are panning out? jackie: that is a really good question. i think the whole what we have

seen over the last couple of weeks, the last week in particular with this deepseek unveiling, is that question of innovation, is that question of, what is next? how far can this go? you know, investors are curious. they are optimistic. but they are not going to have an everlasting patience. obviously we have seen from that, they are -- we have seen from meta, we have seen some really encouraging outlook and numbers. then obviously we have seen microsoft was not so well received. there is sort of this sense that the investors do want to see some optimism into the future. but i do think as we head towards the middle and end of 2025 that is when we are going to need to start to see these numbers coming in through stronger revenue streams and profit margins. jackie: coming up, shares of

spotify and palantir surge to new records on strong earnings. more on that next. this is bloomberg. ♪

caroline: shares of spotify jumping to a new record as the music streaming company posted another quarter by the cash better than expected and its first-ever annual profit. for more, ashley, joins us now. more than a billion dollars delivered in terms of euros. >> last year was really a story of, unfortunately lots of layoffs at spotify. they really cut back on their podcast spending, and this year -- 2024 was the year of new

products, really doubling down on these video creators. they say now they are going to be focusing more on the music business, so they have definitely turned a corner. jackie: i'm a huge fan of audiobooks, and historically -- because it has kind of been a drag on margins for spotify -- what did the company say about its growth prospects in this segment? ashley: podcast were what investors were really worried about when it came to their margins. they introduced audiobooks in 2023, and so forth -- i mean, the company is basically positioning it as, they have this profit now, they have their full year of profit, they are able to reinvest in new verticals like audiobooks, like these video creators. they did say on their earnings call that there is going to be variability when it comes to their gross margin moving forward, but i think they are couching it as, we showed you guys we can do really well, we do need to start innovating again and putting out new products.

jackie: bloomberg's ashlee carmen, thank you. palantir stocks surging to a record after it posted a full year revenue forecast. driven by an "untamed ai demand ." >> we are at the beginning of our trajectory. we are at the beginning of revolution and we plan to be a cornerstone if not the cornerstone company in driving this resolution in the u.s. over the next three to five years. jackie: for more, managing partner at d.a. the -- gil luria, managing partner at da davidson, joins us now. alex karp called this a revolution. he made clear that the company is poised to benefit as global conflict rises. especially with china. but they also touted its commercial business. what do you make of that segment, and are you confident in its growth prospects?

gil: the commercial segment is doing phenomenally well, because palantir is addressing the need and market. there is a deep need in the market for implementing ai solutions that can add insight and decision-making support, and palantir has a combination of an existing set of products they have developed over the years, as well as a strong professional services group that can help companies implement ai solutions quickly. they are uniquely positioned to do that and they are really writing the ai way right now. caroline: is that vindicate a price to earnings ratio, versus future earnings, that is trading at almost 200 times? this is a phenomenal valuation. gil: yes, it is. it is orders of magnitude higher than comparable companies, but the reality is there is no comparable company. palantir is the only company at this size that is not only going

to grow more than 30%, it is doing so as it accelerates growth. the rest of the software complex has seen decelerating growth and very few companies at this size can even approach 30%. caroline: let's just talk about that growth. when you go back to 2022 and we heard from william lehr analysts talking about this, he made a commitment to bringing in about $4.5 billion in terms of revenue. he has undershot that. are you worried about the undershooting of a three year target here? gil: not right now, because again, on the commercial side they have a tremendous amount of momentum. with enterprise customers that want ai solutions quickly going to palantir to do that. and on the government side, they are having great success with department of defense, which is likely to continue under this administration, given the focus on digital, given the focus, the proximity of people in palantir to this administration.

but also we have seen really big wins, like the u.k. national health services. that drove a lot of the growth this quarter as well. they are hitting on all cylinders right now. they have a ramp that continued to grow at these rates, even if they did not reach some of those ambitious goals they had set in the past. jackie: potentially one of those ramps could be elon musk's department of government efficiency, which came up on last nights call. i'm curious if that is factoring into how you are thinking about the stock. gil: it does, because the government is running a lot about updated software that was developed in the 1980's or 1990's with code that can only be maintained by people that are retiring. there is a huge need to update all of the software code in the government, and again, especially in units at the department of defense. this is what palantir has been focused on for more than 20 years. they little bit more of a sense

of urgency from the government palantir is valid -- is very well-positioned to get a lot more of that business. again, extending the ramp in the government sector where previously maybe they were still fighting for turf. now they have a much more straight line towards getting that progress. caroline: but international growth, that is going to be hit if we do see geopolitical tensions. and they are seeming to lose that sort of growth trajectory in an international sales perspective. gil: that's right. outside of the usn u.k. they are having challenges in europe. -- u.s. and u.k. they are having challenges in europe. this is a mission-driven company. they state very clearly they are there to defend western civilization, and especially the united states, and putting america first, which, again, fits very well with this administration in the u.s. it in europe that rubs some people the wrong way.

they don't see that mission is a reason to buy software, and that is where palantir is not doing as well. there are some political landscape shifts in europe, and we will see how those play out. caroline: "a real time messages from hedge fund telemetry, for example, really questioning the market capitalization here. talked about why it is vindicated. its unique offering. but tell us about your price point, because it is where the price is currently for the stock would you upgrade it? gil: we prefer other companies that have similar growth trajectories and similar ramps, specifically in this case snowflake and data dog will also ride the ai wave in their own way, and they are trading at a fraction of the multiple. if palantir is trading at 70 times revenue and 170 times cash flow, snowflake and data dog are trading more like 15 times revenue and 50 times cash flow, which are much more palatable

valuations. that is why those are our buy writings in the sector. caroline: gil luria, it is great to catch up with you. let's check on earnings. paypal, the price is sliding. the processing business is disappointing for many. off by 9%, but did rally hard over the course of 2024. from san francisco, this is "bloomberg technology." ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management.

caroline: it is time now for talking tech. salesforce cutting jobs at its latest fiscal year, according to a source who says more than 1000 roles will be affected. this comes as the company is simultaneously hiring workers. plus, grab. shares jumping on the back of the news that it is weighing a

takeover of go to. the firms are the two guest ride-hailing providers in southeast asia and have held on and off talks for years. shares of german chipmaker infineon also surging after the company's forecast revenue expectations. a bright spot in an industry that has been grappling with a slump, a situation which would not be helped by tariffs, says the company's cfo. >> a major escalation of the terrace is not included in our guidance, because we still are not giving up in advocating for free trade. we do not see that as positive for the industry, so an escalation of tariffs and counter-tariffs would be negative. jackie: coming up, we will discuss musk's handling of the department of government efficiency with jennifer from

the nick cannon center. this is bloomberg. ♪

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caroline: welcome back to "bloomberg technology." i'm caroline hyde in new york. jackie: i'm jackie depaulo's in san francisco. caroline: a quick check on these markets. we are up 1.3% on the nasdaq. a big points contribution coming from nvidia, but also palantir. that had its numbers after the bell yesterday. we are at a new record high. it currently jumps 26%. the valuation is extraordinary on the software stop, as we hear from key da davidson analyst saying, this is a unique story in software and they continue to

outperform. we have government contracts, we have commercial contracts. it is all about the u.s., we are looking at plenty more. jackie: elon musk's government takeover has been swift and chaotic kurt wagner writes in today's tech newsletter that in two weeks musk has become a bit of a human wrecking ball in washington. he joins us now for more. you write that this is not a movie that we haven't seen before. could you walk us through the difference between how elon musk is running doge right now versus his previous takeover of twitter? kurt: the number of similarities is going to be a lot longer than the number of differences. anybody familiar with that twitter takeover has seen a very familiar playbook play out. it is showing up, cutting off access for people, offering buyouts with literally the same language in the email. kind of bullying his way into the systems, right? and anybody that tries to get in

his way is suddenly showing up on leave. in twitter's case it was being fired. the biggest difference here and what i wanted to hammer home in this morning's tech newsletter is that with twitter he was doing this with the privately-held company that he bought with private money, right? this is the u.s. government the ramifications of what he is doing to cut the government is going to affect all of us as citizens here. and it doesn't necessarily strike me as while the tactics are the same the stakes are much higher here, i think. caroline: they are, but some people like it. palantir, the cto, was on the call saying palantir's real petition is a lack of accountability and they think doge is going to bring transparency to government. even though it is a wrecking ball, could have posited -- positive impacts for companies here? kurt: i think in much the same way he succeeded in cutting costs at twitter i have no doubt he will cut costs at the u.s.

government and find things that, quite frankly, all of us would be scratching our heads assange, we were paying for what? i have no doubt those things exist and they will hopefully be uncovered, but i also think there are probably a lot more thoughtful ways to go about doing this. the thing we know from elon over covering him from years and watching him with all his companies is he tends to not worry about the collateral damage, right? he simply says, the goal is to cut costs, we will do whatever it takes, and everything else that is a side effect, so be it. those side effects at a national scale could be significant. me, i would prefer to see someone who is maybe moving a little slower to try and make sure we don't have any of these downstream effects we have seen at some of his companies when he moves this quickly. caroline: kurt wagner, thanks so much. do tech -- check out the tech in depth newsletter.

let'sp this conversation going when it comes to doge. jennifer pahlka is here with us. former president barack obama's chief technology officer. you co-authored a report providing a roadmap for improving government performance. structural, cultural challenges. do you see the positives of this doge drive? jennifer: i think i hoped to see positives. i have been a big advocate for significant renovation of government for a long time, and as kurt said, i had been hoping it would move faster. unfortunately what we are seeing is moving far too fast and not with the right intent. if you want to renovate government, pulling it back down to the studs, but we are seeing now is pulling at the core foundations of our government, the principles on which it was established, and that is not going to increase state capacity, which is what our report is about. state capacity is the ability for government to achieve its

goals. we have incredibly important challenges we need to face as a government. we need a stronger state, not a destroyed state. jackie: you have talked about how government and perhaps some political parties more than others have a focused too much on process, not outcomes. how in a perfect world could you see perhaps doge playing a role in advancing technology really helping government perform better? jennifer: we certainly do need more focus on outcomes over process. we don't need no process. it is happening right now is not just looking deeply at what processes could be simplified, but actually not respecting the law. what i had hoped doge would do is say, these things can be cleaned up, some of these laws are holding us back, let's go to congress and have them fixed so we can operate in a more streamlined way. instead they are sort of rolling roughshod over the law, which is

very dangerous. jackie: if you were to give lawmakers perhaps some advice on how to clean some of this up, how to regain some of that trust and credibility doge can bring, what advice would you give them? jennifer: we have four major pillars we think should happen and they will happen regardless of doge. there will be moments that we can look back at this agenda. if you want to government that can do what it says it is going to do you need to be able to hire the right people and fired the wrong ones. you need to reduce the procedural bloat. need to invest in digital and data infrastructure in smart ways, it cutting people off. lastly, we need to close the loop, the feedback loop between policymakers and the outcomes that actually come from our laws and policies. right now we are just sort of putting things out there and hoping we get what we want without doing what the private sector does, which is say, is

this working? can we check in? can lawmakers and others work with the executive branch in new ways, to say, let's tweak this as it goes along so we get the outcomes our laws and policies intend. i still think all of these things can be done, but it is hard to do it in the current environment, chaos and fear. caroline: chaos, fear, but also speed. that is often what the private sector brings. as you say, a lot of your offerings and prioritization here feel like very private-sector orientation of prioritizing talent and streamlining processes. realistically if they did not run roughshod, if they want along with congress, how much longer would that take? are this -- are the incentives of politicians aligned with making efficiency? jennifer: i think the incentives of politicians come from the people and people need to ask their politicians to be more focused on the how of government and not just the white. if you want government to do it

has to actually be able to do it. i think if the people say this matters, how we are structured to achieve our policy goals, they will ultimately be responsive to that. right now it is very hard because there is so much chaos going on, but i think we will get to a place where that conversation can happen. yes, it would be slower, and yes i have called for things to move faster, but the core foundations of our government are good and we should be protecting them right as well. caroline: is elon, the so-called department of government efficiency, the right arbiter of this, if they do it in the right way? jennifer: elon, i think, has shown he is not going to do it in a way that is consistent with the values of our government, unfortunately. we still need it done, but we need it done probably first at the state and local level so we can show how to do it right and then bring it back to the federal government and do it the

way it needs to be done for the american people. jackie: jennifer pahlka, we thank you. coming up, edith yeung reese capital joins us next on the state of crypto under the trump administration. this is bloomberg. ♪ pfft ... every corner? every corner, nick. ow! so kate in hr ... hey kate. can focus on people, not process. oh actually, i have a question ... keep up, nick. do you have to be sick to take a sick day? patty in it is using ai agents to deal with the small stuff, so she can work on the big stuff. agents like secret agents? secret agents i control. with your mind? you know ... i played a secret agent once. - we know. - oh gosh ... i liked it. over here, ai gives tina the info she needs to get the job done. nick, what did we say about touching? no touching. good. ai helps jim solve customer problems before they're problems. for reals? for reals.

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caroline: this is "bloomberg technology." check out the "bloomberg technology" cast. on apple, spotify, and iheart. this is bloomberg. jackie: senator bill hackett he will introduce legislation today to create a framework for stablecoins. this is the push among republicans to create a crypto-friendly guideline for the industry that is a priority for president trump. let's bring in edith yeung. general partner at race capital and -- an early stage vc investment fund.

i don't you walk us through what this new administration means for the crypto landscape and how you are thinking about potential opportunities going forward. edith: one of my prediction for 2025 is for president trump to create the bitcoin reserve. this is only his third week in office, and i don't have all of the tea leaves yet, but i did spend some time digging into how the u.s. government hold our other reserve asset today. let's take gold as the example. it is actually managed by the treasury department, and u.s. actually hold over 8100 tons of gold reserve today. this is managed by the treasury department. what is really interesting is that in particular the oversight by the inspector general of treasury department. this role is currently vacant. no one is in this role today.

what is also really interesting is that that role is supposed to do custody, security, audit, and set all of the policy around gold. so, for us, the u.s., to think about, should we have a bitcoin reserve, the key thing for the administration and exacts -- execs are, can we afford it? it is a hedge against inflation, at the same time, you know, and of course we already, already have over 200,000 bitcoin in custody today. but the key thing really is the government need to diversify. bitcoin fluctuates quite a bit. is this something we want to do? i guess this afternoon we find out more. caroline: are well-known for your backing up solana. i dare slay -- i dare say it should be a digital asset reserve rather than just a bitcoin reserve, plain and

simple. but i'm interested into what the stablecoin adoption or clarity can bring to actual us using crypto more easily with real, tangible benefits that is not just about asset purchases. edith: absolutely. i'mctualvery bullishin in gener. i think in 2024 over 200 billion -- $200 billion arc at cap which has increased year-over-year. taking what i'm interested in is the concept of open pay fine infrastructure. i think it is really aligned with president trump, the administration, with the executive order, which is all about strengthening american leadership in digital finance. think about it. the more the u.s.-dominated stablecoin being adopted means we need to kind of think about really, is the traditional pay five means credit card remittances a cross-border payment, and old infrastructure

is slow, it is expensive, and visa was actually established in 1958. 66 years ago. it is a long time and these are very old. having stablecoin, particularly u.s.-dominated, i think will drive more use case for u.s. dollar and really aligned with -- and think through the whole infrastructure is not only about transaction layer, which is solana, the finance layer, but more so is also compliance, security. there are a lot of opportunities for venture to invest and pay attention. jackie: you mentioned president trump's executive order. his rhetoric has brought volatility to the sector. we saw liquidations in crypto. i'm curious if you find that u.s. dependency on how the headlines here at home or really driving those movements is crypto a little too u.s.-dependent at the moment? edith: i think crypto in some

sense it is the other way around. the united states needs crypto renovation before president trump. the biden administration really have been using lawsuits to manage the whole policy. this is really not the way to go. the trump presidency's in particular, with the crypto czar, really set the stage as, now america wants to be the leaders, the forefront of this. i think in general that is a really positive tone. although everything, again, as i mentioned earlier, it is only the third weekend i don't know what is going to happen. but i think the whole world is watching and really looking out for the u.s. leadership in crypto, stablecoin, and bitcoin. caroline: should it involve a meme coin from the president and first lady? edith: i think president trump have a lot of fun with the president trump and melania meme

coins before his inaugurations. i watched many, many of the crypto exchange leadership, including brian armstrong and what they say. all of them basically say a lot of things that happened early in the internet all look like fund and don't really know what it is. the key thing is an investor, particularly as a consumer, to pay attention to, it is really about need to be careful about speculations. key thing is really about protect the normal retail investor. so, it is really the key thing is to power for all of the different exchanges to determine which token should be listed, to make sure the u.s. consumer retail investor is being protected. caroline: edith yeung from race capital. thanks for joining us today. let's flip gears into another story. elon musk stepping up its efforts to block a high -- openai from restructuring into a

full public company. musk's lawyers are urging a judge to halt plans in a court hearing today. openai ceo sam altman is doing another tour with the global ai race heating up. let's get to that with rachel metz. he has been in japan, south korea. what are we hearing in terms of innovation and partnership openai is bringing? rachel: this is sam altman's second world tour over the last few years. his company is more established, and he is making stops in a bunch of different countries, including south korea, where he had a deal with a really large company focused on social media there. he has been meeting with softbank in japan and there are a bunch of other stuff as well. some are focused on meeting with people, developers. also there is a university in germany he is going to head up.

he has different kinds of people to meet with that are connected with the company or he would like to be connected with the company. jackie: i'm curious which risks this world tour brings up. obviously the sikh developments of last week really amplified this talk about an ai race. then today we see some retaliation from china on alphabet in response to trump's terrace. you are seeing tech companies get caught in the middle. by doing this is sam altman putting himself out there a little too much? rachel: that is a really good question. there is a lot of diplomacy that needs to come along at this point with heading a really powerful ai company, right? like, this technology has really taken the world by storm over the last couple of years. there is a lot of talking that has to happen, meetings that have to happen. you have to get stakeholders invested in what you are doing either literally or figuratively, at least interested in using the product

and buying in. it seems like a reasonably shrewd strategy to meet with the people that you need to sort of gets. at least familiarize themselves with your face and company. as -- especially as something like deepseek is happening, where people are saying, do we really need to spend this money to make this ai happen? it is a really interesting time for him to be doing this, that is for sure. jackie: bloomberg's rachel metz, thank you. coming up, ford has a plan to catch up with electric vehicle rivals, first has to get through the next few years. we will tell you what the carmaker is facing. this is bloomberg. ♪ ents. getting on dexcom g7 is one of the easiest ways to take better control of your diabetes and help protect yourself from the long-term health problems it can cause. this small wearable... replaces fingersticks, lowers a1c, and it's covered by medicare. not managing your diabetes really affects...

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new models is a crisis, keith? keith: they are going to face this ev desert for the next two years where they will not have any new electric models. they made what ceo jim crowley called a big pivot in august. they canceled plans for big electric suv. they said it would have been too pricey. now they are going to focused on lower-priced ev's below $30,000, as well as something called an extended range electric vehicle, which has a small gas engine which recharges the battery. that is their new two-prong strategy. which is fine, but that means they have no new evs to sell. jackie: what does this new administration bowed for ford and other electric vehicle makers? especially with elon musk so close to president trump check -- trump? keith: elon musk's cybertruck is

outselling ford's electric pickup truck. ford also makes one of the other electric models, the mustang, in mexico. if that terror threat comes back that would add a lot of costs to the mustang. there is a lot hanging in the balance with the decisions president trump makes. you know, the least of which that he wants to get rid of that $7,500 tax credit, given to ev buyers. caroline: a brilliant big take. go read it. that does it for this edition of "bloomberg technology." do not forget to check out our podcast. you can find it on the terminal, as well as apple, spotify, and iheart. not forget earnings after the bell as well. alphabet, md. plenty to digest when it comes to earnings. from new york and san francisco, this is "bloomberg technology." ♪ ♪ where ya headed?

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tim: welcome to "bloomberg crypto." look at the technology ship a world of decentralized finance. i'm tim stenovec. katie: i'm katie greifeld. coming up, the trump administration is fueling crypto volatilities with back-and-forth on terror threats. tim: trump's crypto czar, david sachs, is set to unveil his strategy to make u.s. the crypto capital of the world. katie: we will discuss it with chris