let us go from baidu to binance, the world of crypto. left and it is adding the grip of continued revolving doors at the moment. a senior manager is departing. this comes as regulators in the u.s. and elsewhere are cracking down on the company. 's joins us for more. is this in any way inducing chaos to russia or is this a broader theme? >> a lot of senior executives here, the wall street journal had reported that helen hyde which ran the global fiat business is among those who departed and we also have the person who was a global head of product who had left very recently as well. and the person who ran the binance business in the asia-pacific region. across regions you are seeing different members of the binance cedar leadership teams start to exit -- senior leadership teams start to exit. crypto is a business where people come out of the lobby are only as good as your business here. it is the people who are expanding in those areas and finance has always been the central -- binance has been the pivotal, international player when it com

just last week china's largest web search provider baidu released its offering to the public.trict regulations back in 2017 its chat bots apparently criticized the chinese communist party and the company was forced to shut them down. >>> next nhk world's john ladue is here with biz picks. >>> every friday we bring you the latest in business with biz picks. let's go straight to the numbers for this friday, september 8th. the nikkei 225 fell over 1% to 32,606. now the week inindex lost about a third of a percent. toward the end of the week tech stocks followed wall street low. reports on the state official firm and agencies using iphones saw apple and other tech stocks fall. now, let's take a look what's happening in the week ahead. on wednesday the u.s. labor department will come out with the consumer price index for august. the cpi rose by 3.2% in july from a year earlier. that was the first rise after the steady decrease since june of 2022 when prices jumped 9.1%. and that's actually our biz pick feature for this week. we look at u.s. consumer price trends and the federal res

baidu, tencent and alibaba have ordered roughly $5 million worth of nvidia chips. and investors are wondering if those orders are going to be at risk. nvidia shares down again today, almost 2% on track to break a three-week win streak. scott? >> kristina, thank you. >>> we're just getting started. up next, apple shares slumping, stock down 7% in the past two sessions. so where does it bottom out? we'll ask star analyst dan ives, he's here at post nine with his take. (sirens) [due at target in 5!] copy that. make a hard left down the alley. network's got you covered. [please confirm requesting back-up.] -changing route. -go. roadblock ahead. ...back up, back up... reverse! reverse! next level moments, we're 30 seconds out. need the next level network. [north corridor, hurry!] -coming through! -or 3, let's go. the network more businesses choose. transplant received. at&t business. the power goes out and we still have wifi to do our homework.. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay r

baidu is 25% of its market cap in cash and short-term investments.t has this option for the investor with the chinese regulatory approval of the ai commercialization that came out in the last few days. haidi: the outlook for further dollar strength seems to be pretty strong. is that what you consider when you take a look at companies that might suffer with the stronger dollar? >> you always have to factor that into your analysis. it is usually secondary because long run if your investing, to the extent that you are buying the bus businesses, they have supply chains and revenue footprints where there are a lot of puts and takes. currency exposure is the fundamental strength of the business. it is important. oftentimes we see wall street sell side modeling things late to the game so we take a careful look at it. earnings power is the company's competitive position. haidi: great to talk with you, eric lynch. more to come here on daybreak: asia. this is bloomberg. ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ disc

so to speak well, the vietnamese communists were not embarrassed by how they were insulted by the baidu that is, all this tactlessness, kind morning, vietnam is all normal. and you know, uh, this is asia, this is asia asia is such an amazing eastern southeast such an amazing area where people may not show you. well, that it offended them or something else, then the most important thing is, as they say , wait, then this, and then it will all be fought off. yes, it will be mentioned, but there is no such reactive reaction. he has already said it, and we will tell him in response that so to speak, not so much further. this is a deep misconception. no, this is a deep misconception of americans if they they think that the vietnamese have forgotten all this warren and orange, all these bombings and everything connected with it. no. it’s just that today this balancing process is extremely important for vietnam, and not only between the united states and china. but i want to say that we have excellent relations with vietnam, and we keep these relations communal to return. and in general the rel

met, and such demands include, in particular, the initiation of the impeachment procedure against baiduas the suspension of any aid to ukraine, so some republicans in the house of representatives are directly tying impeachment procedures with aid to ukraine and to the agreement of financial issues, he noted that during this month until october 1 no, unfortunately, there is no sound from them for some reason, kateryna , but thank you. we have heard the main basic information about this. well , we will watch . about the possible impeachment of us president joseph biden, and the leader of north korea, kim jong-un, in russia, about the arrival of his armored train to vladivostok , the propaganda agency ria novosti has already announced that it is in the far east that his meeting with russian president putin will take place for the purpose of the visit new york times calls the transfer of modern technologies for the space industry and submarine fleet to pyongyang, as well as food aid in return, moscow expects to receive korean ammunition during the meeting, promised to closely monitor in in

during his speech, and it is also a very important topic, of course, because last year the president of baidu did not start this topic in the context of reforming the united nations, and this year, of course, this topic is again will be heard because, according to john kirby, president biden believes that after all the security council should be more, that is, so inclusive and more countries should have access to it , accordingly, the voices of more countries should be heard on this square on this square maria to new york already president zelenskyi has also arrived, do you know what he will say, and yes, maria , we flew in just recently , it is known that not today. he plans to visit one of the centers where ukrainian veterans are treated and given prosthetics. their state awards, at least as i was told in our delegation, in addition to mr. zelensky , the minister of foreign affairs , dmytro kuleba, the prosecutor general, and the first lady will also be open to the delegation, and the ombudsman of ukraine is also coming, so in principle, it is expected that the president will of course talk

september 30 the budget for the year ends and the money that was allocated to help ukraine and joseph baidu already addressed the congress -e with the proposal to provide additional assistance and e so far this has not been resolved, there is a blockage, it is not only related to ukraine, there, of course , the internal political struggle has intensified - this is such a very interesting story, i think that varna worth the crooked ether, but in principle, all these moments are extremely important, and the visit is part of the preparation for what will happen during the visit of the president to washington and during the un general assembly, mr. oleksandr, you already said that 24 billion dollars are being prepared there it seems that jobiden is proposing to congress to allocate ukraine in the next package of financial military aid, so far it is as you said , it is still hanging in the air. allocated to ukraine for 2023, it must now be continued again through the congress to push this decision, of course, it was for two years and in fact it seems that the term of the driver has already expir

how old is zelensky or how old is baidu? democratic ruler still knows that he has four more years and all the pension fund of the president's memoirs. it doesn't matter. he will be 85 and we will be 45. all the same, this government will end. and what does he think? a man who is putin and who became president is 50 and here you are already 70. god, all that is left is to live there for 10-15 years. well, let him rule for 20 years. and still not. and where is the soviet union? is starting to fuss because earlier putin thought, god , i will re-settlement them all, where should i go in a hurry? i am sitting on the shore, they will all be re-settled anyway , and therefore there is no need to make any drastic decisions now, what is he thinking about them? well, how will i re-settlement them when they are all 30-35 years old younger i will die and they won't be 60 yet, so you have to hurry, first of all, you have to conquer, kill, poison, it's a state of impatience, you'll understand, it's such a disease, such a commotion, and it

budget for the year ends on september 30 and the money that was allocated to help ukraine, and joseph baidu has already turned to the congress with a proposal to provide additional assistance, and it has not yet been resolved, there is a blockage, it is not only related to ukraine, i understand the internal political struggle has intensified, this is such a very interesting story, i think that varna is worth the crooked air, but in principle, all these moments are extremely important, and the visit is part of the preparation for what will happen during the visit of the president to washington and during the un general assembly e p oleksandr ot vi they already said that 24 billion dollars are being prepared there, it seems that jobiden is proposing to the congress to allocate ukraine in the next package of financial military aid, so far it is as you said, it is still pending it is in the air. and please tell me what about the loan lease. as far as i understand, it was allocated to ukraine for 2023. now it is necessary to continue this decision again through the congress. it was definitely fo

on september 30 the budget for the year ends and the money allocated aid to ukraine and er joseph baidulready turned to the congress er with a proposal to provide additional aid and er so far this has not been resolved, there is a blockage, it is not only related to ukraine there, of course , the internal political struggle has intensified, this such a very interesting story, i think that varna is worth the crooked air, but in principle, all these moments are extremely important, and the visit is part of the preparation for what will happen during the visit of the president to washington and during the un general assembly, alexander, you already said about that what is being prepared there now, $24 billion seems to be joe biden proposing to the congress to allocate ukraine in the next package of financial military aid, so far it is as you said , it is still hanging in the air. zlendlizom lend-lease as far as i understand, it was allocated to ukraine for 2023, now it must be continued again through the congress to push this decision, of course it was for two years and in fact it seems th

the first batch of generative ai services for public rollout, clearing the way for offerings from baiduloosen some of the guardrails it proposed for chatterbox -- chat box style services. president and ceo of the center for democracy and technology, a nonprofit that works to protect human rights in the digital age. great to have you with us in person. we know in the u.s. that congress hasn't had the best track record when it comes to regulating technology. so what are we expecting on the regulation landscape when it comes to ai? alexandra: clearly they are paying attention. they gathered all these tech ceos for a meeting that was open to all senators on a bipartisan basis. this was a high-value meeting with powerful figures gathered. what's important to note is that they had civil society leaders there which is policymakers trying to send a signal about the public issues they are focused on. civil rights. consumer protection. the impact on workers. hopefully we see more engagement from congress going forward. this was about asking questions. the biden administration is being very busy o

it would ultimately provide funding for ukraine, about six billion dollars worth, far short of what baidu months but still gets that -- what biden wants. is a nonstarter for the house. mccarthy would not pass that. he is trying to get together a spending bill on his eye but has not made development. at this point there is a bipartisan group of republicans and democrats in the house considering pulling up a law firm -- a proposal from 1910 that could pull together something that skips the house speaker altogether to get something done before the deadline. it is a very narrow window before the october 1 deadline. kriti: i love how we are bringing back a law from 1910 the muscles really old laws to the constitution seem to make their appearance in the weirdest ways. the railroad strike hinged on a law from 1904. jill disis predicting we might have this conversation again in a couple of months. thank you for explaining it. let's talk about what we will get today because economic data is on the horizon. gsk consumer confidence will come in today. it is something to put on your radar. we will g

. >> they only just allowed ernie, the baidu ai bot to be used by the public. we appreciate it, jon. >> a few other a.i. names also getting attention on the street include hubspot, which bank of america says is a top a.i. pick. craig johnson of piper sandler says accenture could come out on top. consultants seeing 16% upside to the shares from current levels and apple, which is having a tough week, could be overcome by the likes of amazon, google, and microsoft thanks to their generative a.i. potential. my next guest knows a thing or two about the industry. he's been named one of "time's" most 100 influential people in artificial intelligence. good to see you again. congrats. >> great to see you. thanks. >>> you know, there's got to be 100 people in a.i., is this everybody? how big is this field? what do you think? >> it is getting bigger. when i got started working on the large language models in 2016 to 2018, very few people were excited. i could see this thing was going to be incredibly useful, and it's so good to see the whole world excited about this like

still to come, baidu proposes to repay a term loan in less than six months.later this hour. plus, speaking exclusively to owen mahoney of nexon. that is coming up just ahead. this is bloomberg. ♪ fabulous surroundings... but everyone's looking at their phones for financial insights from merrill. is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. i'd like to thank stitch fix for always making me look great. for taking care of the shopping... so i can take care of this.

we have seen the likes of baidu, one of the first firms to win approval in that market.o you see the competition across asia? >> we are seeing a lot of engagement in the ai front from both academic institutions, technology companies, and corporations. all intending to use the benefit of ai for progress thing technology and creating economic and societal progress. the opportunity for us to collaborate on ai is pretty intense -- immense and what we're doing in this process is trying to enable companies to use our technology. there are a handful of chinese companies that are actually using ai for driving productivity and great customer experience across the global operations and we are very excited about what we can do with that. shery: asia has some of the most tech savvy and connected societies in the entire world. are you seeing any differences in ai consumption across asia? >> we are definitely seeing courage and the desire to leapfrog pretty significant in this part of the world. there are many interesting examples that point towards that and they actually try and solv

encouraging a lot of innovation and the other fund says that text here like the likes of alibaba and baidu bad. they are being sold systematically in a way that everybody wants to get rid of china risk. so they are actually presenting some kind of valuation opportunities there. haidi: how concerned are they about the property risks? >> property risk i think is more of a prolonged situation for a lot of investors. that is why nobody is mentioning that they are looking for any opportunities there and as you guys were talking about, like evergrande for example is postponing a cr all the signs are still not pointing up. the next catalyst people are looking out for is this golden week because that is usually a very popular period for people to buy properties. with the recent property sales data not being very encouraging the next bet during the eight day golden week holiday could create some more direction for some of those investors as to whether to get in or not. haidi: our asia stocks managing editor there it joining us today from sydney. here are some of the other stories we are tracking in

last week, a company named baidu released a chinese communist party approved ai language and model comparable to chatgpt. an app developed in the u.s., which we have heard about. bernie bought is the most downloaded in asia. the doe needs to do more strategic planning so that americans have confidence in key resources. we encourage other agencies to use resources and promote private sector partnerships with labs that develop safe commercial occupations of ai. we must also understand what additional investments are needed to spur leadership in artificial intelligence. congress should focus on strengthening and expanding our existing programs rather than creating duplicate programs. we should also ensure our labs are able to responsibly recruit experts both from our country and globally. much of america's ai expertise comes from immigrants who founded nearly half of the top startups in the u.s. international students earn 60% of our computer science doctorates. all the time, we must be sure the work includes safety requirements. we will not outcompete china in ai if they are able to just steal

there was a bit of a wink wink that happened on her way out of china and that is when -- release a baidu- release a 5g phone that many are saying, it blew up in chinese media and it really showed why way able to circumvent the sanctions placed on them to develop this phone. they were put on the entities list 2019 by the trump administration. that was a little bit -- the timing i thought was suspect, coincidental come potentially on purpose. katie: is an important reminder that there is still a lot of distance between the two sides here. let's talk about the top brass. we think about president joe biden, potential meeting with chinese president xi jinping. i thought they were supposed to meet at the g 20 summit this month. it is seems like a to skip that. annmarie: it does look like xi jinping is not going to be attending. reuters reported this and then we reported that china has just not given their response yet. to the indian government. it does look like xi jinping is going to skip it and in other potential dagger to the u.s. to october, one month after the g20, reported he has a presi

all documents are collected by the oversight committee, where they say that the baidu family is on receivedo stop donald trump, who is going to return to the white house against trump is under investigation after the storming of congress in january 21, allegedly. it was an attempt to stay in power. senator. tim kaine said this enough to recall the fourteenth amendment to the constitution about participation in the rebellion and remove trump from the election race. then in turkey , four people died, 7 were injured missing person in samsun city. this is a port on the black sea on the streets up to half a meter of water, cars and buses floated residents of high-rise buildings from their apartments watching how the downpour floods the city on one of the alleys, the road surface fell right under the cars by car, so the residents moved by boat into the water, which is continuous pours with the sky scoop out buckets. and the last real chess festival was held in the grebnev estate near moscow in a historical place in the open air, more than 700 chess players from the most of different ages, many ve