bloomberg's alex webb covers tech for bloomberg opinion. ed ludlow stepping in now the worldwide developers conference. a reminder, you can follow along and visit them yourself on the bloomberg terminal. we are going to get headlines across terminals, reaction from our team there, and we will bring them to you as they break. outside of this story, there's a lot more going on in these markets. in fact, the u.s. treasury just out with some auctions as it starts what is expected to be a tsunami of new bonds to refill its coffers. as much as $1 trillion of issuance through the third quarter. let's bring back pretty guy failed, as well as chief correspondent for global macro markets liz mccormick. we were just getting headlines about these auctions. i never know how to read these headlines or what they mean, i will admit. liz, is it good? liz: it is not about the yield, it is about the treasury selling them. it's about $70 billion in all these auctions today. it is just the start of the tsunami. think about the cash coffers cut down to almost no

alex webb from our quicktake team. elsewhere in tech google deep mine is a leading u.k.ificial intelligence research lab. the ceo says ai will accelerate scientific medical breakthroughs with the potential to teach -- with the potential to solve illnesses like dementia or cancer. there are potential downsides. >> in the next decade, i think it could be possible that we could build these ai tools to help fast breakthroughs in these areas. that kind of acceleration we would like to call science at digital speed will come to more fields including medicine. >> what is your latest sense? where do you stand on the timeframe around when your competitors may achieve artificial general intelligence? some people call it godlike ai. >> these human level systems have always been the holy grail since the 1950's. i think we are getting close now. i would say over the next decade i would not be surprised if we started to see some systems with these general capabilities given the pace of acceleration we are seeing now though there is a huge amount of uncertainty. it depends on where fur

over a company that has been bleeding market share in the post-covid heir apparent must bring in alex webbrom bloomberg would take. this is quite a shakeup if you're going to put it diplomatically and it was quite unexpected. alex: it's interesting that daniel zhang was chairman and ceo. the new leadership team, joseph tsai will be chairman and eddie wu will be the ceo. you can see the rationale for this because they are breaking the company up into six different divisions. the cloud business potentially will be carved out completely and will not have lingering equity stake from alibaba. daniel zhang, the current ceo and chairman will head that business because of the legacy of alibaba it will be more of an old-fashioned holding company with equity stakes across the board and it makes sense to separate these. francine: the company has been going through really troubled times. there are many challenges ahead. does this help them figure those out? alex: the cloud business is the fast growth bit. it is like putting daniel zhang into that role and he has led the rapid growth of alibaba for the

let's ask alex webb to give us the details on this. the industrial launching is fairly easy to understand. will they be going along with that? >> it will clearly be a tough regulatory case to make. they don't expect this to try to close before the end of 2024. that is a long window which suggests they are building some of that risk in. the key thing to account for is that back in 2016 three, where one of these parties are, they tried to -- that deal was blocked, and at the eu level, they said they should let the deal through. they could not be in the u.n. anymore, so it was a moving cart that was hard to determine, but there was a slight window of opportunity. they did let another telecom steel go through, and it was a hard network, a fixed network merging with wireless networks to indicate virgin media. and their fidelity. there is some scope for this happen, but no guarantee. >> why now? >> a lot of it has to do with investment in 5g. there is a huge amount of investment required to make this happen. it is hard. we have analysis from

that is quick take's alex webb. let's talk about the airline industry. have been convening, discussing everything from post-covid demand to supply issues. we spoke to some of them. >> i believe we will be back to a pre-pandemic level by the end of the year. >> demand is sustainable and will continue. we see a structurally higher level, particularly of leisure demand. >> the corporate customer has not returned in full force. >> the capacity is not 100%. >> we are the recipients of all of the signals and inputs from the macro. the inflation rates, interest rates. >> there is still crystallization in some areas of the supply chain engines are one of them, holding us back. >> the supply chain is difficult, to get what you need. >> we could be in another supply situation before too long. dani: supply chain problems not clear yet. that was leaders from the aviation industry on some of the problems, including supply chains, facing the sector now. coming up, giorgia meloni faces some challenges, and among them reviving italy's economy through state owned compani

alex webb, thank you. alex weather of bloomberg. tom: is as on daily. wheel, wherever it lands on. lisa a: ♪ [laughter] jonathan: t cairo let, spin the wheel, wherever it -- tk ro ulette, spin the wheel, wherever it lands. tom: you have seen the weather. faa cancels ground stop at laguardia. i don't even know what ground stop is. jonathan: just like the grounders garden. next. ♪ (♪♪) this is the lexus variety of electrification... inspired by, created for and powered by you. ♪ >> i think the recession story is off the table at this point. >> we are not going to have a recession here, we are in a surprise recession. >> i am not convinced we are going to be able to see growth with the kind of resilience we are seeing now. >> economy in the u.s. remains on robust footing at the moment. >> at the moment the u.s. is not our favorite region. announcer: this is "bloomberg surveillance." tom: good morning, everyone. jonathan ferro, lisa abramowicz, and tom keene. difficult weather conditions in new york city. we are monitoring the airports. this fire, the smoke

alex webb is with me to talk more about it. as well as we've heard a lot about bias, but what does research show about it? alex: it's a remarkable piece of work from our colleagues on the graphics and technology teams. what they did is they went into stable diffusion, an ai driven image generator, and they identified 14 jobs, seven generally high-paying, seven perhaps lower paned, and they said generate an image for each of these are jobs. they did 300 images for each, about 5000 in total, and tallied them against the fitzpatrick skin scale, a scientific way of measuring skintone. the higher-paying jobs, more often than not, created images of people with a lighter skintone. the lower paying jobs more often created images of people with the darker skintone. equally, there was a gender bias. , higher-paying jobs male. lower paying jobs more likely to be female. it was not just reflecting existing stereotypes, it actually was more extreme. take the example of judges. 3% of the images of judges that were created were of women. in t

alex webb of bloomberg quicktake is here. how much is an intel story versus a germany story? to remedy that, fix the problems that seems to have evolved over the past few years. so many countries have identified that during the pandemic when chip supply became constrained, their carmakers suffered. want to have something where their carmakers can get as many of the chips you need from their doorstep essentially. that is one reason the huge chunk of change, the plant that will cost between 25 and 35 billion euros. dani: why does intel need to do this? >> they are really changing their strategy. it used to be that intel sells the chip. intel will get somebody else to manufacture it, it will use the manufacturing facilities, you think about nvidia, apple. they are usually made by someone like tsmc. we will see how much it has grown in it. and the will approach, idm 2.0, the strategy is going to be a fusion of these approaches that were previously separate worlds. dani: is this considered a success? >> there is a lot of debate. one analyst said it is like building a cathedral in

logan webb bobblehead night. call that a strike. alex cobb dealing on the mound. through. 3-0 giants. pretty night, with a full moon at oracle park. the giants back at .500. how about miami? my stay in florida. bottom three. louise ar a's it's been a long season for a's. they've lost 13th street road games. stanford hosting texas a&m. winter going to the regional championship. the aggies scored seven str to take control. stanford will now play at against the winner of this game, the spartans down 4-1. maca do, that's a solo homer. that made it 4-2. next batter,? -- jack fullerton responds. kayden connor made it 7-3. it will be stanford-fullerton and the elimination game today at noon. santa nature had other ideas. when it started, the broncos make it rain again. the celebration hat. michael o'hara, look at rusty filters. they are ready to go. broncos play another elimination game today. that is your look at sports. gloria: game two finals is tonight. you can watch theeaand the nuggets face-off right here on abc 7 ne at 4:30 p.m. a little foggy start looks like it'

logan webb bobblehead night. a cool moment. alex cobb was dealing on the mound.-run third. they race around to scorpion 3-0 giants. a pretty night with a full moon at oracle night. now back to.500. the a's and marlins from miami. marlins up 4-0. a three-run double. 7-0. he was 5-5 with five r.b.i. oakland was scoreless until he delivers the 2-out single in the eighth. the a's have lost 13 straight road games. ncaa tournament, the winner going to the regional championship. it was 4-1 stanford after three but the aggies scored seven straight to take control. a bases clearing triple in the eighth giving a&m the lead. the cardinals get the winning run to the plate in the ninth. the pop-out will end it. cardinals 8-5. they will play the elimination game today at noon. spartans down charles hits a solo homer, the first of his two in the game. that made it 4-2. jack likes what he saw. they go back to back. the solo homer brings the spartans within a run. 4-3. fullerton responds. the 3-1 shot to center made 7-3. sanford and fullerton in the elimination game today at noon

alex cobb to the injured list, oblique strain. everything else on the upswing. no going off the rails at dodgers stadium. first i want to talk about logan webbmes outman here, five strikeouts over seven innings. the first win this year over the dodgers. as for the bats. vatos, the fourth game since he was called up, swept swinging. the key six inning of the two-run double. that swing put them ahead 5-2. and blew this game open. the next batter, blake sabol, he finds a home. that got him home. the 7th run scored in his fourth big league game. tied a record held by mccovey. to the ninth inning, on the mound, called on to close it. dodgers had loaded them up before j.d. martinez flew out. the giants 7-1 win completed a sweep. for the first time since 1952, the giants record of 59-32 have three road series sweeps in a row. they host the padres tomorrow. >>> how about some twins. well not with dallas. thaw called the a's on the hawaiian shirt giveaway day against the phillies in front of 24,000. alec bohm in the third. when they handed that ball to the bullpen, they couldn't close. here is trea turner's 8th inning that just got into left field. e

alex cobb to the injured list, oblique strain. everything else is on the upswing. so going off the rails at dodgers stadium. first i want to talk about logan webb. the alum james here and five strikeouts over seven innings. the first win is here over the dodgers. and as for the bats, the fourth game since it was caughted up. he kept swinging them down the bat and that is what put the giants ahead 5-2 to blow the game wide open. the next batter, he found a home. they got them home. and the 7th run scored in the fourth big league game tied a record deal. to the ninth inning, called on to close it. the dodgers loaded them up by j.d. martinez blew out to kill that threat. the giants 7-3 win completed a sweep. for the first time since 1952, the giants a record has three road series sweeps in a row. how about some twins? >> and that is with dallas. against the phillies of 44,000. here in the third. one of the seven punches of the 2-1 ball. but when he handed that ball to the bullpen, they couldn't close. here is a trea turner 8th inning smash, just through the left field. enough for the rbi single. the phillies win it 3-2, completed a sweep. the a's