deirdre bosa is joining us now and they are still foaling the pinch after the collapse. >> after thee the two big banks but that is not an option for many medium and small businesses. their profile is considered too risky or they may need specialized services, what svb provides. the role still has not been filled. i sat down with parker conrad and his start p was at the center of the storm because they provided pay roll for thousands of companies not just within tech. hoar is how he described the unique value proposition to start ups and main street small businesses. >> i tell you the think that was unique about silicon valley bank for us which is why we started working with them. when ripply was just getting started, just working out of my basement, we needed to get a set of very specialized banking relationships to do what we wanted to do, to move money on behalf of clients for pay roll. and at the time most banks would never work with a company like ours. >> svb was one stop shop for many start up small businesses and even their employees providing mortgages or personal loans. svb

deirdre bosa joins us live from the conference for today's "tech check."ey, dee. >> day one it was all about jenson's keynote. day two, hearing from key players throughout the nvidia ecosystem and there are many. >> if you look at the things that we do, we build the chips, the systems, the networking and so on and so forth, the entire data center practically, all the software that goes into it. and then we sell it in parts. the reason we sell -- that is what confuses people. they think n vid y is a chip company because we sell it in parts. the reason we do is so customers can integrate it however they like in their data centers. >> reporter: so attendees range from the buzziest gen-ai startups to the academic pioneers of ai. really living up to its title woodstock of a-i. there's a panel tomorrow brain child of jensen himself. it brings together key figures that co-authored a seminal academic paper years ago and went on to found current darlings like cohere and characterai. ten years from now, if you hand a kid a laptop from our current era, he or she will

deirdre bosa is at the newcomer banking conference in san francisco for today's "tech check."e you hearing, dee? >> reporter: well, certainly everyone here is watching that ipo closely because how reddit debuts has implications for the startups bankers serve from late stage companies eyeing an ipo looking to raise another round. i just spoke to jpmorgan's co-head of innovation, melissa smith. she said they're looking at reddit's listing as the second wave of what was started last fall with the ipos of arm, instacart and klaviyo. they have scaled in profitable businesses. they went out with smaller floats. she says reddit is a different breed, a different kind of public investor appetite, that of less profitable companies. also an important test for the pipeline and any companies that will follow. bloomberg reporting that reddit is telling potential investors it expects to break even this year in terms of adjusted ebitda that is still not gaap profitability. it could be a long ways from it. if it is good enough for investors, other unprofitable startups might be willing to test

deirdre bosa joining us now for today's tech check.a lot of people out there are framing this as a sign of apple's weakness that they don't have their own ai ready to play, but if apple can make hundreds of millions or billions of dollars off of google, just placing them here, i don't see the down side. >> i wonder, jon, do you think that's enough? hundreds of billions of dollars when we're talking trillions here? when we've seen the rise of nvidia? yes, it sounds like a lot, but i've also heard some people say that if you're not actually leading the way and developing your own ai, you're kind of just call calling it in and is that going to be enough with the platform shift. we don't exactly know how this is going to roll out. maybe apple is leaning on google's gemini while it had its own large language model and able to handle a lot of us. we don't know, but i agree with you. a lot of folks here especially in san francisco don't think that apple is just going to sit this out. >> we've seen this before. apple at first used google for m

deirdre bosa talking some arm. meantime, you're going to be busy tomorrow with william sonoma and others. >> it feels it never lets up in retail always at the end of the earnings season, but still very important. lots of clues about the consumer on all ends of the spectrum. >> as the market sort of defies expectations post cpi. let's get to the judge. >>> all right, carl, thanks so much. welcome to "the halftime report." i'm scott wapner. front and center this hour, moment's big bounce as nvidia and several other key names catch a nice rebound today. the committee debating the road ahead and revealing several new moves in their portfolios. joining me for the hour josh brown, stephanie link, jason snipe, jim lebenthal. so we do have the markets higher, nicely so. cpi mostly in line. i think we can say that. yield is a touch higher. we're going to get to the whole market story. i mentioned the bounce in nvidia and other moves. we have several moves to get through from the committee today, and we're going to start the

let's bring in deirdre bosa.gs, of course, there's bytedance and it's a company you follow closely as well. enormous value there. an enormously profitable business in china, not so in the u.s., as much as you might think, given the 170 million users. but they've been spending a lot of money here. i'm not hearing as much pushback from the owners of byte dance about what this might be for the economics of their actual ownership. >> right. david, i think that you were hitting the nail on the head earlier when you were talking about that all-important technology transfer. a lot of the conversations that i'm having here in san francisco is what would tiktok look like if it was separated from bytedance and if the chinese didn't want to transfer the source code. it would be a much different product in that sense. you wouldn't have that algorithm. i talked to people on both sides. some say mnuchin and his consortium could, you know, seek out 20 of the best data scientists to replicate the algorithm. on the other people w

altman was removed as ceo, as deirdre bosa reported yesterday, we still know very little.t. >> i do wonder if that musk will get traction. one thing everyone can agree on the stakes for humanity are high for ai. >> as you heard, he constantly refers to that conversation with paige. stuck in his head where paige called him a speciest for saying you want the human race to succeed. what about the machines? >> i feel like we're all speciest. >> maybe not larry paige. although i haven't heard from him. >> we have to hear his side of the story. explain why you're not a speciest. we'll continue to follow with the rebuttal. waiting for openai to respond. >> it could be a little bit. we'll see what they have to say in response to that. >> up next taking a look at the markets we are gaining steam right now in the session. major averages coming off their fourth straight month of gains. hoy far can this record breaking rally go. we'll discuss and tell you how to position your portfolio from here. be back in a moment. rude. who are you? i'm an investor in a fund that helps advance inno