with box ai.time you ask a document a question or automate a work flow box using ai, somewhere in that, we are most likely using and touching an nvidia gpu. so for us, the ability for nvidia to ship gpus as the lowest rate is one of the biggest drivers in bringing down ai pricing over time, and making ai much more ubiquitous and able to solve a broader set of use cases. almost by definition, the more gpus being sold, thus the more capacity being built out and more ai offerings we're able to supply to customers. i think that's true right now, where there's a tremendous demand for having software that's much more intelligence, and we're downstream on the nvidia and gpu capacity that is built out in the world. >> we have a strategy question for you in a way, when it comes to the technology. this morning, i was talking to the founder and ceo of abridge. these are companies that are doing ai very content based for legal, for medical, all of this is really enterprise data that is specialized. what's box

you like this ai panel, you should try that ai panel. that is our einstein platform giving you those ideas. this is really the power. four for our customers -- and this is a little different between my good friend sam and my company -- your data is not a product. we are not going to user data, we do not train on your data. we have a separation, we have a trust layer. we never use our customers' data in our ai. your data is not our product. our core values also trust. trust in customer success and innovation and sustainability. our core values have to be represented in how we are building these products for our customers. that is really critical for our teams to understand. but back to your comment and sam's comment, you know, look, this is a big moment for ayotte. -- for ai. ai took a forward the last two years. exactly what sam said, between one and two and three and four, and then i'm sure five and six and seven are coming. here's the thing, it could go really wrong. we just want to make sure that people don't get hurt. we don't want s

ai investments pay off for meta. details to come and arm slums at the chip company holds off to sting its outlook. we speak to the ceo. plus, nvidia shatters records adding $329 billion to its market cap in a single session. i want to start on that story. this is what the stock looks like. basically trading as it stands on track for its biggest jump since february. we know all about the capital expenditures commitment. but it looks like this whole ai thing is helping the top line east if you look at the sales outlook for the rent. throughout the show, we are going to get a lot more on meta. one stock going in the other direction is the chip design firm arm. i think we are down around 15%. they smashed it in the quarter gone relative to street expectations, but the story around arm as we bring up the stock year, down more than 15% is simply that they resisted the urge to boost their outlook, and that raises some questions. the question should be answered now. we have rene haas standing by. good morning to you. that is

they have ai products coming out. the question is how they price them, how do they drag that for their customers. the whole space is going through this. if ai works too well it might not have many seats you need. i think there's a style being figured out but i do think if you look at startups that are in the space it can be hard for them to get into large enterprise. just because you let them into the whole system and that could be a pretty big move. caroline: there have been other companies we have been questioning how much they can align themselves with the ai tailwinds. one of them is cisco for example. dell initially we thought really in this ecosystem they will be there for the service and networking. let me get caught off guard and feel they are not so well-placed. what you think of the bottoming out story? tony: what we've seen is legacy tech has reinvented itself, in ai beneficiary. cisco has been largely not on the ai beneficiary list. they recently had some ai revenue companies through the business bottoming

the first movie written entirely by ai has just been released, and ai may have discovered ourfirst antibioticthree decades. together with our partners, royal commission 1851, we've brought together three engineers at the cutting edge of this field to discuss their work and what it means for us humans. paolo pirjanian is armenian, but he was born in iran and started his career working on mars rovers for nasa. he's now founder and ceo of embodied, which is a company that builds emotionally intelligent robots to help with child development. david silver is from the uk, where he's principal research scientist at the ai research lab google deepmind. he led the team that used al to defeat the world's best player at the complicated strategy game "go." and he's working on artificial general intelligence. regina barzilay is israeli—american and a distinguished professor for al & health at mit in the us. she created a major breakthrough in detecting early stage breast cancer, and also led the team that used al to discover what is hoped to be a brand—new antibiotic. so, please dojoin me in welcoming the

. >>> plus, leveraging ai. we'll check in with one company that is keeping the lights on, literally. the ceo joins us. and this stock, getting some love from wall street today, and it's having a comeback with one demographic in particular. we have the name, the story, and the potential upside from here. but we begin with the markets and, by the way, happy birthday to one and only warren buffett. he's 94 years young today. we had to mention that. take a look at the markets on this last trading day of august. they are mixed on the back of fresh inflation data. the dow as you can see, is come off its record 25th, 25's the 25th record close of the year. up as much as 164 points earlier in the session, but we have bee. the semis etf is on pace for its first positive session in three. on pace to break a three-week winning streak. intel is one of the biggest gainers. the company in talks with bankers to assess options to fix its flagging business. intel is down 30% in august. down more than 50% year-to-date. it is the

enterprise ai, you name it.ond thing is fairly obvious is it's a leading company that provides computer and there also companies doing the sprayed if you add those together it's very likely to be much bigger company in the next five to 10 years. it doesn't mean we don't have a downside. may be a bit of an overbuild at some point and factor acceleration but that sinking about longer term. the growth in computer needs. >> he would knowledge their other ai accelerators out there to your mind, how is it that nvidia maintains its position as market leader. >> i think it's a little bit like the wayne gretzky saying. jensen tends to be there already and the other ones are following a little bit. it is beautiful. starting up with the chip. caroline: we are talking about -- ed: we are talking about computer hardware. [laughter] pot calling kettle black. keep going daniel. daniel: this idea of you went from one chip to a big system and you optimize that over time. in order to do that you need many parts. you need software

with the ai. you're saying here suggests it will change our sort of day to day working world, won't it? i mean, you've spoken in the past about diversity. you're self personally. you know, the thoughts about fear of speaking up in meetings. how do we guard against i perhaps making it more difficult for those marginalised voices to speak out? i think ai offers the opportunity for diverse, you know, underrepresented people who are different in a way that, you know, rather than hinder, i think actually offers an opportunity. and again, one of the things that we've spotted through the use of co—pilot is for some of our neurodiverse employees. it's actually helped, co—pilot in terms of transcription, where they're able to focus more in terms of, you know, the meeting summaries, um, the that's actually helped them to participate more in meetings rather than hinder their participation. so actually, i think ai offers an opportunity for those of us who are different. it's again, up to, you know, organisati

not only the security of ai but ai for cybersecurity. how can we tell that story better? that is how the countries we are working as, even our closest partners, are very concerned about ai. how can we use it to our collective national defense and cybersecurity? mr. matishak: erin? ms. joe: our mission is to secure the cloud, secure the customer, secure the planet. we own and operate a large global infrastructure and the largest zero trust infrastructure on the planet. of things at scale that very few people think about. everything we think about is planetary level. we provide services to government that are critical, mission-critical. we provide capabilities to the war fighter. we provide capabilities to customers in government who are interacting and taking in documents that are very sensitive, communications that are very sensitive, that are necessary for our functioning as a nation. so we are providing those services in addition to being one that provides critical communications. think about not only gmail, but we have 2.5 billion users every day who rely on that form

they might even use some generative ai applications like open ai. meta ai.omewhat ironic and funny too. but hard to get your head around why all these big companies are spending fortunes on artificial intelligence. it almost seems fatuous. no matter how much fun you have with chatgpt it seems ensane for tech titans to spend tens of billions of dollars for something like that. lots of folks have been asking whether anyone's seen any actual return on investment, ai investment. has anybody's gross margins been boosted by this? the most compelling ai use cases have been slow to develop. much of the early investment goes toward training. that's the key word. training ai models. it's only after that process comes to fruition that you get artificial intelligence that can actually do something for users. just as important most of the areas where ai's truly useful are enterprise-oriented. as a consumer you never know how effectively these models can write code. keep that word -- you've got to keep the word enterprise in your head because that means it's not you. i'm

the godfather of ai spoke about this. and he i of ai spoke about this.ch in the world where we sit on the ai revolution. i continue to believe this stop should be up. it is 9pm in the ai party that goes 4am. i it is 9pm in the ai party that goes loam-— it is 9pm in the ai party that aoes loam. ., i. , ., goes loam. i heard you use that last line goes 4am. i heard you use that last line last — goes 4am. i heard you use that last line last time _ goes 4am. i heard you use that last line last time you - goes 4am. i heard you use that last line last time you came - goes 4am. i heard you use that last line last time you came on| last line last time you came on the show. nvidia has been the main winner in the amazon google spending in the last few quarters. but the investors are not going to tolerate this forever unless they see a jump in revenue. how important is it for nvidia and its investors that tech customers start to see returns on their spending? look, that is a great question. you are seeing real r0|. and when you go to the second derivative service n

they want to build leveraging ai, well this platform, accenture, the responsible ai platform poweredans for them to do it. when we think about responsible ai, we think about that as the practice of designing and deploying safely and being able to mitigate the risk and unmitigated impact. this platform is providing them the visibility and control for ways to assess that risk, mitigate and prepare strategies and have that sensibility across the organization so that they can ensure they have the right kinds of guardrails and safeguards in the systems in the technology that they build. ed: does aws have a position on the california bill? diya: i can't speak to that specific bill but i can say we are committed to continuing to collaborate with policymakers and the industry, researchers, academia, and the community to advance the responsible use of ai. as one of the world's leading developers and employers of those tools and services, amazon supports a safe, responsible, effective development of that technology and are dedicated to driving innovation on behalf of customers giving them the

it is the ai optimize server.o understand with dell, is this because they are an essential cog or is there a value add that they bring? >> there is a value add that dell offers that others have a tough time doing. if you think about how some of these are building up, they are building up clusters of ai servers. were not talking about one particular server but hundreds of servers. case in point, they did $3.1 billion in ai server sales. there is only one other company i know of that exceeded that. caroline: supermicro has some issues at the moment. i am interested in the profitability of this. revenue goes high and they are selling expensive equipment but how much are they getting in return? >> that is a fantastic question. there was concern about the margin profile of ai servers. i want to dispel the myth it is a zero margin business. it is a low-margin business. it is probably in the single digits. if we saw the isg margin, that improves sequentially. part of it is the customer base. there was some prudence in te

most of that is concentrated in ai.y independent of what you see with the volatility in the public markets. we are still very active across a number of different categories. one of the more interesting things is that the investment shift focus from infrastructure into applications and we are seeing a wide breath of domains. caroline: there are things out there analogous with that, but would you mind going into how competitive it was and what was it like getting something done relative to last summer? max: my partner lead that deal. coderabbit is focused on using ai for improving code quality and review. it was competitive and like many other deals we have to show up with strong conviction and get to conviction on a category. it helps to have a prepared mind which we do. and i think the portfolio in the developing tools and ecosystem space helps us win the deals so that was an early investor in companies like data dog and a number of highflying companies that helped to seal the deal. caroline: how many will exit in the n

the ai halos, so to speak. it has fizzled a bit with investors questioning when they will see the payoff of their millions of investments into ai. in china, the same is playing out. there are big plays into the ai industry. it will always be a three-way rivalry for those. ed: isabel lee on the china tech beat. let's look at whether alibaba could recapture market share. jacob cook, ceo of a firm that drives market expansion for global brands in china, it also japan, south korea. i want to start talking about the e-commerce landscape. as isabel outlined clearly, the same e-commerce names are increasingly thinking about cloud and ai. >> it has gone from a two horse race between jd and alibaba into a four horse race with china' has tiktok and pdd. we kind of digest through the reports. they are maybe a little disappointing on the overall revenue. they show good growth. up until now, a lot of the growth from competitors is into a lot of that. it stabilizes there. it also stabilized jd. jd had a much shorter cycle in

towards ai spending and ai development between the u.s. and china. what do the dollars say? arjun: most of the dollars are going towards development in the u.s.. that is peer. what you have to look at in terms of what investments can happen outside the u.s., china was essentially for image recognition, anything related to cyber or surveillance. that is how they spent the majority of their capital over the next five years. ai, agi, machine learning, we are much further ahead for now and you can see it in the types of products being billed for every single vertical. i always go back to, cybersecurity, health care, financial services. you will see the first input there. you could call it gdp per capita growth. then cost. those are the bifurcations between investments being made and all of the hyper scalars out there will benefit from this because you need more compute, more space, more training, more and. that ends up being a net benefit for companies that are part of that stack. sonali: we had nvidia earnings this week. the initial reaction

, how artists can use ai, etc. but i think just below the surface of that, there's this like massive fear and uncertainty around what this actually looks like. i don't think there's anything even close to a consensus. yeah, and i think this reflects every industry, every area that i look at, whether it's even doctors, lawyers or consulting that's where, you know, in the boardroom and ceos feel they have to have to get on this train now so they don't get left behind. so everybody's investing in it. but under the surface, if you talk to employees everywhere, you know, in this room, there's a fear of like, could it replace what i'm doing yeah, at least to a good enough standard that you don't have to pay me what you're paying me today. so i think this is something it's existential for us all to figure out where you draw the line with it and what how we value the data, which is essentially are work and our cognitive output as as a society. right. yeah. i think that's like hit the on the head there, the existential fear

so obviously those ai skills are very important. i bet a lot of people are watching right now who just been laid off. they cannot find a new job. what can they do to get a job again, possibly in ai? yeah, and i asked both the ceos and the hr professionals, and they have two things. one, go back to school. and it's interesting to see on the ivy league level, on the community college level, all these universities and colleges now are offering ai courses because they know it's the hot thing, like computer science ten years ago, let's say now everything's ai and machine learning and so take courses. there are also lots of free courses available online if you don't have a lot of money. and the second thing they say is do it before you lose your job. do it now. contact an hr professional, find out where the jobs are going before you need one, and really getting some ai skills. and we don't know how long this ai boom is going to last, but it's here right now, and it's what a lot of these companies are looking for. and it can't hurt to go o

it more efficient ai chips. can they catch up?— more efficient ai chips. can they catch up?while, typically _ they catch up? it will take a while, typically once - they catch up? it will take a while, typically once you i they catch up? it will take a| while, typically once you get behind this, there is a two—year catch—up period. nvidia is moving a step forward. it take them time but undoubtedly they will. probably more dangerous than that that nvidia's current customers, google etc are designing their own chips. they want to bring it in—house like apple does with its iphone chips. they want to be in charge of their own silicon destiny so that is probably a bigger longer term threat then the shorter ones from intel and amd. indie threat then the shorter ones from intel and amd.- from intel and amd. we will have to live _ from intel and amd. we will have to live there. _ from intel and amd. we will have to live there. thank - from intel and amd. we will i have to live there. thank you. you are welcome. if you are missing the olympics, don't worry. later today the paralympic

or getting ready for ai. but not spending on broad based infrastructure and there's still a lot of technical debt as we call it out there. >> when the market turns, we expect strong results. kelly: that make as lot of sense. you have to spend in the space and spend on your data storage but you're prioritizing the strategic priorities. thank you, george. well done on earnings report card. >> thank you very much. kelly: okay, folks. the 2024 presidential campaign trail taking former president trump back to michigan today and expected to speak at any minute and going to a wolverine state as team trump gets troubling news in the latest polls and football fever. it's almost here. think pig skin fans have been watching them to snap up the 70-inch tvs but consumer electronic chain said it was something else that has its stock popping to the top of the s&p 500 today and tell you about the retailers best buy, that's next. later, national football league adding artificial intelligence to the play book and nfl exec jeff

how ai is working.r: let's get into that. what could i expect if i were a student in the classroom? >> one technology we're taking advantage of is circle search. teaching about the galaxy or solar system. i'd search the word galaxy and first i want to clean up my text so i'll make it into regular. circle service connected and drop me right to images and technology associated with the word galaxy and some images are just for the teacher in the moment. we like to think of it as an in the moment tool and image here and maybe i like this for my classroom and back over to my note board and annotate with it and bring it over here and i'll talk to my students and what do you notice, what do you wonder about these images of solar systems and they'll say things like well right in the mid 18 a sun or star and gases around it. we take it to next level with ai. open up beta ai platform and use split screen to have them side by side. for a classroom, they might use notes, power point or leads and over here go ahead

one of these companies powering this ai arms race. �* , ., ~' companies powering this ai arms race. 2 race. 2 ., , ., , race. let's talk about smartphones now, the race. let's talk about smartphones now. they are _ race. let's talk about smartphones now, they are the _ race. let's talk about smartphones now, they are the biggest - race. let's talk about smartphones now, they are the biggest maker i race. let's talk about smartphones| now, they are the biggest maker of iphones. if ai does revolutionise smartphones as we expect them to do, it should be a big dealfor foxconn because they make a huge amount of them, don't they?— them, don't they? absolutely. to the extent they had _ them, don't they? absolutely. to the extent they had announced _ them, don't they? absolutely. to the extent they had announced yesterdayi extent they had announced yesterday that they have hired an extra 50,000 people in china to make the iphone 16 which will have a load of ai tech built into it. fully embracing the ai assistant extra processing power and the thought is lots of people upgrade their smartphone

that is the old ai. ., ., , ,, ., ., old ai. how does it know what to colour _ old ai.niforms of another? we has it no skin is one hell and uniforms of another? we turn to some historians _ uniforms of another? we turn to some historians for _ uniforms of another? we turn to some historians for help, - some historians for help, actuallyjust some historians for help, actually just to give some historians for help, actuallyjust to give us some clues to choose the best colour, and theyjust roughly put the colour into the object there. beneath that, there will be another, so to learn the pattern of the whole frame. there is a human element involved at the start and end the ai takes over and learn? yes, of course. from women in if you sports in 192040 representation across the competition today, there is much to celebrate. i competition today, there is much to celebrate.- competition today, there is much to celebrate. i see lots of progress. _ much to celebrate. i see lots of progress, not _ much to celebrate. i see lots of progress, not only - of progress, not only practisi

roger: -- ai? are seeing in announcements for layoffs, that tech companies are increasingly citing ai for the reason. as an m kit -- as an example of this week dell cut employees as part of a sales team reorganization that included creating a new team focused on ai sales. then earlier this year into it laid off 1000 800 employees and decided that they are doing so so they can invest and make more hires to help build ai into its tax prep software. it is definitely in -- an allocation of resources. building ai is expensive. according to salary tracker, a senior ai engineer in the bay area earns $208,000 a year in base salary. that is 16% more than a non-ai engineer and doesn't even include stocks. if you include equity that pay package could total easily half a million to a million dollars. not to mention all of the cost involved in infrastructure and hardware for building ai. so, the economic environment is still at play. companies are finding the only way to increase investment in ai is to cut cost

it threatens to tamp down an ai frenzy that| to tamp down an ai frenzy that has transformed the companyas anticipated, they gave an update on the production delays and design flaws on its chip, causing market volatility several weeks ago. they acknowledged there were issues with production, saying that it was making changes to the number of functioning chips that come out of factories. at the same time, the company expects to bring in several billion dollars of revenue in the fourth quarter from the product. let's go to san francisco and speak to andrew chang, technology director at s&p global ratings. thank you forjoining us. some shareholders will be disappointed will this, won't they? i disappointed will this, won't the ? ~ disappointed will this, won't the ? ., ., , disappointed will this, won't the? ., ., they? i think shareholders are expecting _ they? i think shareholders are expecting a — they? i think shareholders are expecting a bit _ they? i think shareholders are expecting a bit more - they? i think shareholders are expecting a bit more on - they? i think shareholders are ex

don't have much of an ai story, unfortunately.d: on cyclical end markets for them and noncyclical, the way that the cfo put it to me is, they just had not responded to the realities of their revenue. hence the reduction in headcount. there did seem -- seem to be some glimmers of hope that there are improvements in those markets. stacy: yes and no. pc's in general are better than what they were. they don't sell pc's, david -- they sell cpus, right? this is something i have been worried about. we track the cpu channel pretty religiously, and you get over shipment, you get under shipment, and i have an concerned in q4, q1 there was over shipment of cpus relative to see -- relative to pcs, and i think they are paying for that now. on the data center, server-side, there has been some hope that demand has been getting better. but people now having recession worries and everything else -- again, they are still losing share. gaudy is not enough. have a business called all tara, and it is the same thing. they are working off a ton of inven

wwdc announced a partnership with ai.when they integrate with someone to understand where their technology strategy is going and this gives them a better seat at the table to understand and get an inside view of what is going on. >> in terms of the technology, does it signal to you that apple's newest phone and apple intelligence will have deeper chatgpt technology on it? >> so it's a great question. look, i think that the way that apple views its integration with ai is really two fold. one is, what is the information on the device that it cares about with supporting the privacy, with giving you great recommendations, and all of this is going to be done within the apple ecosystem. everything that's done on the phone or in apple data centers. that's basically their private cloud offering does not leave and go outside on any other servers at all. when you ask something which is much broader in scope, right, like it doesn't have to do with your data, it's not about your calendar and your e-mail and schedule but a generic que

now contrast the traditional ai brain, the traditional ai solution to our warm, inspired liquid networkfor self-driving cars. our solution can drive a car using only 19 liquid neurons rather than the tens of thousands of neurons in the previous solution and its attention is clean focused on the road horizon and the side of the road. so because the liquid network solutions are much smaller, we also understand how they make decisions and we can train them to not make mistakes. so this is a huge performance improvement. how is possible? well, here's the idea. in traditional ai solutions, in most traditional ai solutions, the artificial neuron is an on off computational unit. it takes in some numbers as the mob applies some basic math and then passes the result, which is zero or one and passes that result along. and this becomes complicated because it is happening across thousands of nodes, liquid networks use fewer neurons, but each one does much more complex math. the liquid neurons are not simply on off. and so here's what happens inside. our liquid network, we use differential equations

for her latest installment of ai impact our julia boorstin is looking at ai in the sky. >> the airline that ai can help it reach new heights. major u.s. airlines including american, united and alaska airlines are investing in new ai tools to help speed up and streamline everything from ground controlling to customer service, to route optimization. american airlines took us inside its dallas-fort worth control center to show us its ai powered smart gating tool in action. the technology developed in-house uses ai and machine learning to automatically assign gates to incoming flights cutting down on runway taxi time. >> the sooner the plane gets to the gate our passengers have more time to connect, our bags have more time to connect, our flight crews have more time to connect. >> reporter: american said the tool has cut taxiing time by about 20% or two minutes per flight, which adds up to about 17 hours daily across the five airports where it has been rolled out. >> 60% of the customer traffic is making connections. this is a really big deal. so trying to do that manually used to take us

kaia: the ai boom is probably having a bit of a pause. the first euphoria is definitely showing signs of fatigue. i think the industry is maturing a little bit. i would say the initial investor enthusiasm once we saw ai introduced and the broader use cases has been priced in. what we have not seen is practical use cases. we have not seen wide use cases. obviously, those big companies like google and amazon are all in that ai game. we can see that from nvidia's own earnings, but i think what we are going to see going forward is a bit wider of an adoption of ai with different industries, and hopefully we see more innovation as well, not just tilting on existing solutions, but also completely new use case, and maybe another one being developed. paul: over the past couple of years, we have seen nvidia and its incredible results pushing equities more broadly higher, but as things quiet down, this is our question of the day, what can replace nvidia as equities drive up? kaia: great question. what has pushed markets up as the ai boom, but i woul

i'm more focused on enterprise-oriented ai, business ai.nk that's where you get lots of efficiencies, data analytics used so, from that side, who will help you out? i lean on the software guys for that, being salesforce. we haven't seen it yet, but he see an inflection point. another one is oracle. they're trading at a multiple like ibm even though they're growing twice as fast. that's the area where the horsepower of nvidia where i think the next gen could be. >> thank you for your time and your perspective. >>> bond yields are also moving ahead of tomorrow key inflation number. rick santelli has more. hello, rick. >> good afternoon. you know, whether it's pricing pressures still remain, as we say in today's gdp report or initial claims are lower or the fed said scout's honor, we're going to ease 75 basis points, all of those are pushing up yields. both sides of the yield curb with the 8:30 eastern, better growth data, you can see they both popped rather nicely. if we stick with the notion of what's going on, look at the week-to-date. it r

we know that china ai is _ stay competitive? we know that china ai is a _ stay competitive?pecial _ china ai is a special ecosystem, they are not a completely closed or completely open ecosystem, and it provides only advantages to local brands, to build compliance on al features, but china is not ai features, but china is not unique regarding the local regulations because the other markets, they also have these local requirements for vendors to meet. so there are a lot of local suppliers like large language model suppliers and cloud computing suppliers like alibaba, so smartphone vendor are collaborating on the chinese market, just like they do with 0ppo, 0penai and google in the overseas market. similar business models. us short seller, hindenburg research, has made some new allegations against the head of securities and exchange board of india, madhabi buch. according to the firm, buch and her husband are holding offshore funds in bermuda and mauritius that were also used by the adani group. the allegations call into question potential conflicts of interest, as the regulat

thank you _ metaverse and ai. interesting. thank you for— metaverse and ai. interesting. thank you for your time. i metaverse and ai. interesting. thank you for your time. good | thank you for your time. good to see you. around the world and across the uk, this is bbc news. let's get some of the day's other news now. let's stay with transport here in the uk. there are already around 60,000 public chargers for electric cars in the uk and plans for many more planned as the industry tries to keep up with demand. that's led to more thought about how to install that infrastructure. there's increasing interest in what design of chargers work best. here's alistair keane. whenever we do a story about electric vehicles the question of charging them always comes up. it is especially a problem for people like me who live in apartments and cannot always get parked outside our buildings, so how do you do on street charging? we are on a way to dundee to see a potential solution to that problem. —— our way. potential solution to that problem. -- our way. how are ou. problem. -- our way.

you mentioned ai _ iphone sales this year. you mentioned ai there, - iphone sales this year.entioned ai there, it - iphone sales this year. you mentioned ai there, it is i mentioned ai there, it is increasingly important to smart for strategies for all the countries but the us and europe have tried to limit chinese access to ai smart chip so how are local smartphone lakers are local smartphone la kers staying are local smartphone lakers staying competitive? == are local smartphone lakers staying competitive? -- makers. china has a _ staying competitive? -- makers. china has a special— staying competitive? -- makers. china has a special ecosystem i china has a special ecosystem including the ai infrastructure network, they are not completely closed or open system and it provides advantages to local brands to build their complaints ai, but china is not unique regarding local regulations because the other markets, they also have these local requirements were vendors to meet. start there are a lot of local suppliers like large language of model suppliers and cloud computing suppl

ai because they don't know what ai is for their business and learning it real time and can't afford not to, hence the hyper-scalers fighting it out in terms of capex. on the cyber side, they're afraid of losing their business overnight. it's clear that you're going to continue to see spend here. i just go back to the expectations are super high, and so i think you want to make sure you know that. the risk/reward is not nearly as good in the short-term, given the 151% move year-to-date and 26% up in the last four weeks. >> we're not just talking about price action of an elevating price of a stock. you think it's expensive, right? stacy would say it's not, the stock is not expensive. it's 47 times. you've made a significant position in amazon, right? what's that trading at? >> well, yes, but it's trading at 13 times ebita and there's a lot of ways you can win in amazon. i'm not saying you can't win in nvidia over a long period of time. i'm just saying today it's not the most important thing on earth, that's number one, in terms of this report. number two, the expectations are really high.

ai, these guys are huge. neil: let's take a look at the top of the show, the fact of the matter is this is an nvidia only moment where it's not the star performer but the other magnificent seven stocks are doing just fine, ai and related epfs doing just fine. what do you make of the market, you don't bother with that and look at the big picture but it seems the market is sharing the big picture view you have that this is hardly an isolated bad case but a case of a company that got priced to perfection and perfection might still be there but it is not an indictment of this new technology. >> looking at secular change in information technology markets with cloud computing, internet of things, predictive analytics, we are looking at soon, $2 trillion market in enterprise ai applications and they are applications, this will be the largest market we've seen in the history of information technology. this is an event that runs a couple decades, the first half of the first inning, this is just beginning. this is huge

ai has been more challenging. when we see i think i can claim i spent as much time as anybody on capitol hill trying to learn about ai and have all these smart people briefly, and let me add that there is no lineal relationship between me spending time and actually getting smarter. the economic premises changed a couple of times, but i'm at it. the good news on ai is less in washington but more at the state level, and the number of states, including texas, tennessee and others that you have prohibited deepfakes and political advertising, i think that is a good marker and misrepresentation, i would think at least for younger people, some of the inappropriate use of body images, putting people's faces on bodies that are not their own, if we could at least put some guardrails there, that seems the lowest common denominator, so i'm optimistic state level but less optimistic that the federal level, but i do think on social media we have broken the dam little bit. mr. ryan: you previously expressed concern about the low

, who know to know how to steer the ai, who know how to put the pieces of, the ai in place. so i tell everyone it's even more imperative that students have their written oral communication, that they have strong critical thinking, they have strong math fluency, have strong content knowledge and broad content knowledge. of course, you know, the philosophical, ethical portion of it. and then also, how do you leverage these tools to amplify what you what you want to do in the world? this asks, how do you imagine conmigo scaling the public? public education sector, for example, the 116 california community colleges in california serve traditional transfer students workforce education in nontraditional aged adult learners, and this person helpfully included their email address. so i'll give this to you afterwards. you know what's fascinating is, you know, i tell the story of how when you start talking to open i back in the summer of 2022 and we we signed these non-disclosure agreements and we started working on conmigo trying to put all these guardrails place make it safe, make i

it's not restricting ai to its telecom venture but it's also going to use that ai facility to health there's clear-cut mention, clear-cut plans mention how oil companies transform into a deep tech company using ai. he also mentioned about establishing a gigawatt scale ai ready data center which will compete with amazon's. he clarified his intention. he also made it shareholders happy by giving a bonus share. jeffries have -- its price target because there was no mention of capital expenditure, further telecom venture or retail venture. net to net. shareholders are very happy, because they've got bonus shares. but they are not so happy because they could not get a timeline for the proposed ipo's for the telecom venture and retail venture. but the street is like acutely watching how this company is going to leverage the ai capability for uses. they will be getting 100 gb of storage to keep their video, etc. he said three companies, at least three companies will be, the valuation is over 100 billion. he did not mention more details about the merger with disney and how it is going to sha

that's their objective to, as i think satya nadella said, capture the ai market.know that the history of that, this is one of the most important changes that has occurred, certainly in 500 years since the printing press, but we can go back to 5,500 years, the development of writing. we are talking about a fundamental change in which the way we share information between each other, and we're talking about a small group of people who are saying, you regular people, you don't understand this, let us look after it for you, and there is no track record of those entities doing this well. if we look at the history, these companies, they do not have a good understanding of how society works. they do not have a good understanding of the things that are most important to people, such as health, social care, education, security. i'm struggling to square what you've just said with the fact that, for three years, very recently, you went off to work for amazon, one of the biggest ai and big data corporations in the world. why do you struggle to square that? well, you've just de