aia, good or bad? the very good to see on the programme. aia, good or bad?— aia, good or bad?ia, good or bad? the potential is to cure disease, to _ aia, good or bad? the potential is to cure disease, to bigger- aia, good or bad? the potential is to cure disease, to biggerjobs - aia, good or bad? the potential is to cure disease, to biggerjobs are i to cure disease, to biggerjobs are interesting in our lives were constable. —— comfortable. but i think it's likely to lead to significant disruptions. fire think it's likely to lead to significant disruptions. are there “obs that significant disruptions. are there jobs that will _ significant disruptions. are there jobs that will be _ significant disruptions. are there jobs that will be negatively - jobs that will be negatively affected significantly? i jobs that will be negatively affected significantly? i think if ou look affected significantly? i think if you look at _ affected significantly? i think if you look at more _ affected significantly? i think if you look at more the _ affected significantly? i think if you look at mor

when you turn it on you will see the aia. - machine. when you turn it on you will see the aia.turn it on | you will see the aia. so there is an ai function? _ you will see the aia. so there is an ai function? exactly. - is an ai function? exactly. once you _ is an ai function? exactly. once you go _ is an ai function? exactly. once you go into - is an ai function? exactly. once you go into a - is an ai function? exactly. i once you go into a different type of flooring you give it a second and you will see that it will change so it definitely has the more power. so will change so it definitely has the more power. so you have not changed _ has the more power. so you have not changed anything? _ has the more power. so you have not changed anything? do - has the more power. so you have not changed anything? do we - not changed anything? do we actually need an ai vacuum cleaner?— actually need an ai vacuum cleaner? do we needed? of course you _ cleaner? do we needed? of course you do. _ cleaner? do we needed? of course you do. i _ cleaner? do we needed? of course you do. i have - cl

what has investors excited is that they see aia is changing the whole industry.o change and it will be just -- it will be transformed by ai but they are seeing a startup that has real traction with real and discerning customers. we could build something quite defensible here. ed: we have been showing how it works and it is an ad in to microsoft word, but microsoft is doing a lot with its own copilot in terms of productivity. are you worried about the kind of design of the system, that microsoft is offering something similar? >> not really. it is similar, but it is a general tool. it is designed to do a little of everything. the legal industry will be worth $1 trillion next year. it is one of the biggest interest -- one of the biggest industries on the planet and it needs its own bespoke system that understands legal documents, that understand the law. the microsoft copilot is not going to do that. it is catering to a much wider audience. i think it will be its own race. ed: the ceo richard robertson. the idea of automating drafts and the legal context. i know a f

i terms of aia, for these two, that marks them out?ai is the big driver of big - that marks them out? i think ai is the big driver of big tech - is the big driver of big tech in general and the entire global tech sector, which is why if you look at the s&p 500, most of the rise that you've seenin most of the rise that you've seen in the last 12 months is essentially owned by the biggest seven tech companies, of which microsoft and alphabet are two of them. but of which microsoft and alphabet are two of them.— are two of them. but in terms of these two _ are two of them. but in terms of these two companies, - are two of them. but in terms of these two companies, is i are two of them. but in terms of these two companies, is it| of these two companies, is it fair to say that alphabet is seen as behind the curve on al, whereas microsoft was one of the leaders? i whereas microsoft was one of the leaders?— whereas microsoft was one of the leaders? i think google in 2007 launched _ the leaders? i think google in 2007 launched the _ the leader

conclusion in compliance with all urban planning regulations and safety requirements, the so -called aiainspectors from various departmental representatives within the commission, they confirmed the full compliance of the facility. well, as they say in the state construction supervision, the permission itself to put these skolod premises into operation was not issued, now the prosecutor’s office will look into it, they have already begun an inspection. gosstroynadzor st. petersburg, a permit was issued for the construction of a warehouse complex with a total area of ​​105,800 km in shushary, a conclusion was issued on the compliance of the constructed facility with the requirements of the design documentation, and for the permit. they did not apply to the state construction supervision for putting the facility into operation. the damage suffered by thousands of sellers of marketplace buyers in alberis has already promised to compensate; exactly how much loss the company will incur is still difficult to calculate; at this moment firefighters are still fighting the fire. alena germanova, r

. >>> volkswagen is getting an aia upgrade at the consumer electronic show in las vegas. the german carmaker announced it is integrating chubb gpd into its voice assistance to help with things like infotainment, navigation and air conditioning. vw says chat gpt will not gain access to vehicle data and questions and answers will be deleted immediately for data protection. >>> meta says it is trying to make social media safer for younger users. unveiling new oversight policies and they include additional parental and well-being oversight tools . officials also say they will hide age inappropriate confident -- content like nudity and eating disorders from those under 18 years old. this comes a few months after a former facebook employee told a senate subcommittee that top meta executives ignored warnings about potential harms on their platform. the changes are expected to go into effect later this year. >>> the 49ers are not exactly relaxing. next in our >>> levi's stadium will be quiet for now as the top seed niners take their bye during the wildcard weekend but they will b

we are about to make new announcements around aia safety institute. standards, what is safe ai? when you get the results of your red team, what is adequate? what is safe? standards don't slow down innovation. if you do it right, you set standards and promote innovation. mostly i am very focused on the national security concerns. these models getting into the hands of non-faith actors or people who are our allies are very dangerous. i will leave it there. we are excited. we are moving forward. but we really have to put in these guardrails because it is good for everyone. miriam: thank you, secretary. we jumped into the conversation because these women need no introduction, but interesting to underscore the insights that come to us from the secretary of commerce, given her deep background as a leader and policy as its governor of rhode island. having been a venture capitalist, navigating these with skills that come organically. then speaking of unique vantage secretary rice, you have been inside and outside government. perhaps not when you were in gover

and number three, aia.tors are obsessed with its potential to art -- and it drove some of the biggest stock market gains last year. pressure is mounting on tech companies to deliver on some of the earnings hopes and the hallways of power and security and ethical concerns remain. the eu struck a landmark agreement to regulate artificial intelligence. davos draws a lot of criticism is being exclusive and out of touch with reality. key politicians and industry titans continue to grow -- go in droves. host: that was bloomberg's francine lacqua who will be reporting for us live from davos this week. here is a reminder of some of the big interviews. kicking off the pulse will be an interview with the vice chairman of blackrock. 9:10 london time. followed by an interview with june kelly to discuss gender injustice. and we will switch to climate change and hear from al gore at 9:30 a.m. u.k. time. and francine will bring you a live interview with the coin based ceo to discuss the future of crypto. a jampacked show

what it means is, as those who have used apple products no, there has already been an aia button in the would take you straight to its ai powered suite of tools and people who use them with no things like copilot, it's about draughting e—mails or comment with images, all the things handy instead of trying to do it controlled c function, handy instead of trying to do it controlled cfunction, you just press the button and it is there. it just a little hack to make life a bit easier. i5 just a little hack to make life a bit easier-— bit easier. is this one of the moments — bit easier. is this one of the moments where _ bit easier. is this one of the moments where you - bit easier. is this one of the moments where you look i bit easier. is this one of the i moments where you look back bit easier. is this one of the - moments where you look back and go on, that wasjust moments where you look back and go on, that was just when it became so mainstream and so normal and we can even imagine a world without it like mobile phones or the internet before? , ., , , before? the question. the proof is

aia in agriculture, how agriculture —— how ai is helping agriculture. robot that... imilli -- how ai is helping agriculture. and the robot that. . ._ -- how ai is helping agriculture. and the robot that... will be able to cather and the robot that... will be able to gather many — and the robot that... will be able to gather many things. _ scooters. they're lean, nifty, greener than cars — really green if they're electric. but there's one thing about them that could still be greener — the way they're made and what they're made from. this is stilride 1. it has one very unusual feature — its chassis is made from one piece of steel. all the curves, all the lines have been folded like origami. it follows a design by their creator. ~ . ., creator. with curve folding, we dance with _ creator. with curve folding, we dance with the _ creator. with curve folding, we dance with the metal. - the reason is notjust about aesthetics. see, a typical scooter is assembled in special factories from more than 100 parts and then, it's shipped around the world. but for this

we are calling aia mega force. it is massive and impact so many sectors of the economy. think we have to look at areas like semi conductors where ai can drive a lot more demand. we have to look at digital infrastructure. we expect digital infrastructure in the u.s. to basically double over the next eight years. you have to look at areas like health care were ai can be applied to things like developing pharmaceutical drugs in a faster manner. there are a lot of different use cases for ai and segments of the market that will likely benefit from more ai adoption. ed: jay jacobs from blackrock, great to have you on the program. coming up on "bloomberg technology," we will turn our attention back to apple as the company faces a legal setback in its patent dispute with masimo. much more ahead. this is "bloomberg technology." ♪ fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an

. >> flighght 232 crashehed as it attempted d an emergenency land at thehe sioux citity, iowa aia. >>>> i hear yoyou. go willie! >> my lalate 20s to o late 30s honestlyly a blur. >> come on, let's go get a treat, go get lunch. >> i had my first child in '99, my second d in 2002, m my third 2004. most d days were j just survivi mode. can i keep these three children alive? we were boboth in saleles for cocompanies nonot based hehere tennessee.e. many times i would land at the airporort at 3:30 0 in the afafternoon. my husbaband, he was flying outt 5:00. we would cross like ships in the night. >> i had gone to the institute of t technology y for schoolol. i wanteded to turn c companies around. that's's what i wawas really go at. and i swear, i could make a lot of money. i traveled as much as anybody, 150,000, 200,000 miles a year. it was hard on a marriage, number one, and hard on the kids. there were times when, you know, i would get a little depressed. i remembmber one timime i had a severe, , severe pananic attack. i thoughght i was dydying. mymy blood preressure was s som arouound 22

. >> aia is a brilliant tool for people to be more productive.nge but people who site of the fact that this is the biggest productivity advance in our lifetime. >> i'm comfortable. we just want good stability, i'm not interested in a board seat. we just want a good commercial partnership than we want to be investors. what i would like is good governance and stability. rishaad: we heard from sam altman who says he does not think ai will replace jobs. >> does is a lot at stake. i believe america will be fine. no one wants to hear it rent about politics. but, i think there's been a real failure. >> anger. inequality, is there the danger? >> you start building technology. it's not, you get to steer it. this is what is capable of. this is been much more of a toll it is not just replacing jobs. it's an incredible tool. they just could not do the things at all, that is quite exciting. very thankful and jobs will change the way society works is so strong. agi look at developed. it will change the world less. that would not have compiled as a sentence. >>

lots of excitement around the acronyms, aia, glp-1, and the intersection of bio and digital in 2024.eir exuberance around writing checks to these venn diagram that might not overlap as much as might be anticipated? i'm interested as to whether people wanted to go in and still support these companies or whether it is a story of having to do more with less? deena exuberance is not quite the word i would use but i would say there was interest and excitement. jpm is more focused on the public side of things but of course that does have a direct impact on privates and there is sort of a private track at the conference. lots of announcements around mna on the farm outside, around big partnerships with ai and health systems so you can expect investors to continue to be excited about those particular intersections on the biocide as well as health care as they look towards early-stage funding. >> there has been a spate of mna happening to kick off the new year but also a questioning going on in the public markets when it comes to big tech, the magnificent seven. there must have been a lot of

markus: i would call aia game changer. at this moment of time, ai is used in several instances, creating a car must fast -- much faster in writing code. this is helping us put the car in a different light. so, the car is no longer a vehicle that takes you from a to b, but somebody that you can talk to. ed: how does it work and how do i interact? markus: the human-interface -- human-machine interface. it was voice signals and phrases that you are using. now at the present time, we are using chatgpt in some instances in u.s. cars. at that is a one-way dialogue. the virtual relation -- the virtual assistant will have a dialogue which and enables a fully intelligent car and conversations of the car appears in a completely different context. and that is what users are already experiencing participating in our beta program. the use of voice control and voice into action with a car is just rising dramatically by more intelligent conversations with the car. that is the virtual system that we are creating with the help of ai and in

in the u.s., aia investment, regulatory challenges, winning demand in china will be the focus as fivethe so-called magnificent 7 post results -- microsoft, alphabet, meta amazon and apple. boeing is supposed to have faith fifth grade quarter of losses but they will answer questions about the quality of their aircraft. that is your week ahead. let's discuss that now with our guest, managing partner at evans may wealth. it's a really important week for u.s. tech stocks in particular. it's already a very crowded trade perhaps, but do you expect to see more earnings growth out of these numbers? brooke: we do. we are still big fans of big tech and we think they will continue to be leadership in the market. but there is a bifurcation going on now where you can't just buy the broad market, you have to be very selective in the names you are picking and big tech are some of the names that we think will do well. annabelle: are there any specific names as well? microsoft, for instance, the story last week was it hitting $3 trillion. we brooke: like microsoft. we have it in a portfolio. we really

avalarahhh ahhh >> aia is a brilliant tool for people to be more productive.e so they can do more cyberattacks, they can design weapons. have got to make sure the best ai for cyber defense or measures to defend against bioterrorism are in the hands of the good guys, and you know, it is a challenge, but people sometimes lose sight of the fact that this is the biggest productivity advance in our lifetimes. >> bill gates speaking there about ai at the world economic forum meeting in dallas. -- davos. shares of indian software giant have started the new year on a high after better-than-expected sales. last quarter surprised investors. we spoke with the executive chair and asked him whether that momentum can continue. frexit has been a tough year last year for the tech services industry. the good news is i find and i am hopeful that 2024 will be a better year than 2023 and we just announced results last week , we were at the top end of our guidance compared to what we thought so we saw some decent execution versus what we saw from customers as well but a couple of

. >> chairman casey, ranking memberer braun, and distinguish colors, think of aia deputy to with you today. my comments are informed by my 35 years studying addiction at stanford university and my service as the white house policy adviser and administration of presidents bush and obama. senator senator braun skyo mention our recent study that it did with doctor a few ceiling of the rise of photos older americans. we found someat 2002-2021 they have quadrupled. let me break down what they are so we can understand the challenge we are facing. about one in eight of those deaths was intentional. so these are suicides usually involving description medication. as tragic as anybody gets to that point and it's also worrisome, that type of death increased 60% since the beginning of the study. that isn't the fundamental driver what's making these numbers explode. those are unintentional deaths in illicit markets picks of these are people who are consuming drugs like cocaine, methamphetamine and particularly fentanyl. in 2021, about one in 370 deaths among older americans were due to intentiona

instead of this being a society of chatbots, aia is going to start enabling different industries to benefit their rotor mines, become more efficient. that is what drives tech forward. tech means cloud, cybersecurity. it means chips. these companies like apple, microsoft and google who have very steady balance sheets and are good long-term holds. haidi: we did see the tech heavy nasdaq 100 dropping for a fifth day. this is the longest losing streak since december of 2022. are there stocks within the cohort you would be avoiding? specifically, where would you be adding to allocations every time we see this pullback? >> it depends on the type of investor. if you are looking for a broad-based allocation, you can look to an ai type of fund. you can look to a mac seven type of fund. in terms of single name stocks, i think my picks for this year are going to look like google, amazon, ibm will be on that list. the reason i like to and ibm is i think google is going to picked up in the ai space. monetizing particularly with their gemini review. their abilities in cloud. for ibm and google, they have

aia is pulling this down 13%, tencent is pulling this down at 10. alibaba, 8.5 percent. dragon's index. when you look at the pre-lim numbers coming out, short of estimates. popped out year on year. despite those record sales, certainly the price wars are starting to show up in these numbers. let's bring in our supply chain reporter with us on set to talk us through your initial thoughts. >> it's a standout on the quarterly basis -- quarterly basis, the level is quarter on quarter, despite having a record in that final time. it allowed her to become the biggest ev seller globally to overtake tesla. it's quite a drawback. it reflects how much deep this had been into the year to hit its annual target. to just make sure it hits that 3 million unit number. yvonne: what is the strategy moving forward? are they ok with that, to continue this momentum and gain more market share? or, are we going to see less of a need to implement some of these discounts? >> byd has a very's -- a very flexible lineup of cars, over 160 our price point for all the vehicles it produces. having some

we are interested in enterprise software and digitalization, aia .hanger. health care is a big theme as well. a lot of ai could be used in health care. people are very conscious about spending. the government is starting to admit that they have not invested in the health care sector, so a lot of opportunities will come. on top of this, you have in aging population that i think they will make sure to bring a lot of technologies in. quest everything is further out and takes years, but we have seen changes in your portfolios come so does that mean that you are likely to add to health care companies? >> people see us from time to time reducing exposure, and this is normal activities. we positioning the portfolio -- i think they are healthy things in our dna. we still hold a big stake, but we are continuing to invest in u.k. and europe. i'm not signaling anything out of this. >> your very invested. are you concerned about commercial property? >> commercial property? yes. it is becoming -- especially if you have that, some of that. also in the office space

they are cracking down to make progress in aia. how they would lose 15% of their revenue from china as a result of, the band. it is also european countries trying to restrict the ability. this comment to me is the key area to watch, especially as you hear xi jinping with niceties, memorializing the ties between the u.s. and china and biden trying to make nice. this is what you need to be watching. tom: i would say china is a simple mystery for this year. let's turn to the mysteries of your. bringing chief economist jp morgan. bruce, thank you for starting our year strong. there is enthusiasm out there. investors -- they are giddy. there is no other way to put it. do we have the animal spirit, the nominal gdp to sustain our collective giddy? >> there is a support for growth reflected in the health of what is the private sector and the business sector side that should continue to keep growth going. now we have additional coming from market easing. the question is whether the enthusiasm, which is being driven in large part by expectat