caroline hyde recently spoke with bill gates about the details. caroline, what stood out to you as the deepest impacts of what they are trying to do? caroline: the economic costs. $3 trillion. we talk about companies, nvidia being worth three toyland dollars -- $3 trillion. the global impact of malnutrition in this day and age being 3 trillion dollars. why? because it impacts not just the ability for children to grow, but mental capacity. it forces countries in particular african nations into poverty traps when they can't escape it. talking to the man we have with technological innovation. it does not take much to make malnutrition a thing of the past. it means bouillon cubes that are more fortified, prenatal vitamins. let's hear more about how ai and innovation can help. bill: malnutrition is in some ways a very basic thing. we do need to raise money to get resources for this so that poor countries get out of the poverty traps and are self-sufficient. the innovation will accelerate tools like ai that are helping us understand the gut, the immune s

>> this is "bloomberg technology ," caroline hyde and ed ludlow. ed: i'm ed ludlow. caroline hyde, in new york. welcome to a special edition of "bloomberg technology." its glow time in cupertino, california, emphasizing apple's most important event of the year, the tech giant unveiling its biggest update in years, a new generation of iphones and wearables. what are you looking at, caroline? caroline: tech stocks, bouncing back following their biggest weekly decline in two years. plus oracle reporting earnings after the closing bell. will ai compute demand support stock outperformance this year? and we discussed the potential of ai with biology and the founder of discovery. first, we check in on the so-called bounce back in the markets, because it is dwindling. we are still up .4% but not to the extent of earlier trading. there was dip buying broadly but it's a painful week we are coming off of. remember, it was the worst day we saw for set numbers since 2020 and today we are only up 1%. remember how much money was lost this quarter alone over the course of five tradi

i am caroline hyde in new york. ed: i am ed ludlow in san francisco. have four straight days of gains in the nasdaq 100. despite headwinds of cpi coming in a little hot. two year yields pushing up a little bit. we are still anticipating what the fed will do. many are seeing just a 25 basis point cut. bitcoin, a little bit of risk. a lot of the push forward in the nasdaq is thanks to nvidia and some of the chip names. warner bros. discovery up almost 2%. charter communications still has a distribution deal. mastercard up .6%. more than $2 billion being spent in cybersecurity. they are focusing on your data. moderna, yorkie underperformer. biotech -- moderna, your key underperformer. they feel there is a lack of clarity. the revenue guide coming down. ed: i have an opportunity to get clarity on another business. the goldman sachs tech conference comes to a close in san francisco, we are thinking about how fintech is revolutionizing the sector. mercado libre cfo martin de los santos joins us now. welcome to bloomberg in san francisco. 50% of your business

i am caroline hyde in new york. ed: i am ed ludlow in san francisco. a bit of risk aversion creeping into the markets. we seem to see a slight move to the haven's that is the bond market. the overall question is, can the fed be cutting to 50 basis points by september? most are moving to a 25-basis point expectation. maybe that is a political reflection of the debate of yesterday when former president trump is deemed a more crypto- pro candidate in the market feeling his performance was lackluster versus that of vp harris. more than 9% higher for first solar. a strong performance by vp harris yesterday. rising some 3% back to its chip design. morgan stanley once again singling this name out as one of its best focuses for edge ai. tesla, more than 2.5% lower. what are you looking at? ed: waymo has been making some progress of late. more than 100,000 weekly paid rides across waymo's first markets. data shows 22 million rider only miles. joining us to discuss is the waymo ceo tekedra mawakana who was named on the most influential nai list. good morning -- m

>> this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is bloomberg technology. intel turns down arm's advances. ed: china stocks said for their best week since 2022. caroline: wanting the u.s. ai efforts to expand, even with foreign investment. we bring her perspective. first, the latest chips story. arm approaching intel about potentially buying the chipmaker's product division only to be told that the business is not for sale. waiting out that arm did not express interest in manufacturing. arm and intel declined the comment. let's break it down. the rationale here for a company that designs chips is, what? mandeep: arm, they provide the ip. they don't design or manufacture their chips. intel has a lot of ip in the company. it is tied to the architecture. arm has a different architecture. when you think about any other business that is adjacent, arm might be interested in acquiring some of that instruction set or something around those lines. that would be my guess. ed: we reiterate ac

innovation, money and power collide in silicon valley and beyond, this is "bloomberg technology," with caroline hyde and ed ludlow. ♪ caroline: live from new york and san francisco, this is "bloomberg technology." china tech stocks on a tear after beijing's push for growth. ed: the chips act gets a boost. caroline: all things m&a with citigroup's head of tech deals. we start with the move of the day. china stocks. china tech stocks. the golden dragon index here up more than 6%. the biggest move in more than a year. we are trading at the highest level in more than three months. stimulus to the chinese economy helped key names you are watching. ed: and understandably those key names, alibaba and jd.com. multifaceted tech companies. two of the names in positive territory year to date. many are not. we will go to our reporter later in the hour to talk about the impact of stimulus on china tech. also looking at chip stocks at the next level. up for a second day so far this week. intel, what might happen to it might be dominating headlines but there's news about progress about on the industry in the u.s.

i'm caroline hyde in new york. ed: i'm ed ludlow in san francisco. ne: openai's latest fundraising is near completion with prospective investors set to find out today whether they will be part of the deal, according to sources. everyone wanting in on this? >> certainly a lot of venture firms are and strategic's. we have reported microsoft, which is in an -- existing investor, will be putting in more. also nvidia and apple and a slew of other investors are trying to put money in. they will find out today after it was oversubscribed by billions of dollars. ed: what i find interesting, a source told me a couple of weeks ago that nvidia was only going to put in say $100 million and there are other reports of a fresh hold. it is not a surprise that the most important ai company in the world has investors of all kinds fighting to get over a relatively rare round. katie: sure. they raised an 86 billion dollars valuation last year. it is a significant premium to that. there is no question there is a lot of demand to be in this transformative ai company. but a

innovation, money and power collide in silicon valley and beyond this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york and san francisco this is bloomberg technology. sap and i.t. solutions provider terra soft get probed by the u.s. for potential price-fixing. ed: openai makes a pitch to the white house as france gets ready for its own ai summit. caroline: whiz is mulling selling shares. first let's get to our top story german software giant sap product reseller tarasoff and other companies are being probed by the u.s. officials for potentially conspiring to overcharge government agencies. the course of a decade sap shares currently trading lower on the report. jake joins us with the story, you broke it. what exactly is being investigated. >> thank you for having me. the investigation is into what is a potential scheme to over the course of 10 years overcharge the u.s. government and the department of defense for purchases of sap technology through a variety of resellers including cara soft that total up to $2 billion. >> what a terra soft spokesperson told

with caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is "bloomberg technology." broadcom is falling hard after a disappointing forecast, despite robust demand for ai products. ed: tech stocks flirting with their worst week since 2022 apple's launch event. caroline: in the white house is targeting china again, we discussed, but first we have some macro breaking news from the federal reserve. and the man to bring us the details is michael mckee. coming from fed to speak. mike: this is what everybody has been waiting for all day. the jobs number comes in at one junta 42 thousand and unemployment falls back to 4.2%. what will the fed do? we get a hand from the federal reserve governor, often seen as the leading guide to fit activity. he says today's data shows it is time to cut rates. determining the pace of rate cuts and ultimately the total reduction in the policy radar decisions that lie in the future as of today i believe it is important to start the rate cutting process at our next me

announcer: this is bloomberg technology with caroline hyde and ed ludlow. caroline: coming up, verizon agrees to buy frontier communications. we speak with the ceo. ed: video pushes back saying -- nvidia pushes back saying it has not received a subpoena. caroline: another chief exec on the show. the first, nasdaq 100 outperforms. nvidia and tesla do the work. ed: verizon to buy frontier. both stocks lower. 37% premium versus tuesday. reports started surfacing tuesday. that is tuesday's closing price. story is about being more competitive in the high-speed internet business. caroline: share price reaction. why is frontier trading below the current agreed price? we welcome our audiences, verizon agrees and to buy them for cash. the new york phone giant looks to expand its high-speed internet business. it wasn't long ago you owned these assets. why go back into this? >> thank you for having me. this is our core strategy. we serve all types of customers. this is extending the offerings customers will have. this is a good decision. we owned these assets before bu

tom: that was bill gates eking to bloomberg caroline hyde. some other stories making the news.soft has unveiled a new $60 billion stock buyback program, matching its largest ever repurchase. shareholders will receive a quarterly dividend of $.83 a share, up from the current $.75. replacing the buyback program announced in 2021. boeing is freezing hiring to preserve cash as the playmaker strike. incrementing cost measures as well as trimming supplier spending. workers rejected a proposal which would have boosted wages by 25% over four years. the amazon ceo is moving to streamline and the walls largest online retailer and planned computing company. and ordering employees to return to the office five days a week beginning in january. he announced a shakeup in it memo yesterd saying. coming up after that are part sure of -- brussels has a job vacancy. we will get reaction to that and discuss what europe and the u.k. frankly needs to do to close the innovation gap when it comes to generative ai and what corporations and companies need to do to embed some of the hardware's and softwa

innovation collide, in the heart of silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york, this is bloomberg technology. coming up, tech charges higher as the nasdaq is set for its highest charge of the year even as adobe misses the mark with a muted forecast on ai growth, overshadowing third-quarter results. uber powers ahead as it expands a partnership with waymo, bringing autonomous ride-hailing to austin and atlanta. first, let's check in on the markets, singling out the best week for the nasdaq 100 this year, almost making up for the selloff we saw last week where chip stocks drove us higher. up 5.8%. this knee-jerk reaction was off risk on for five straight days, showing the market sentiment trying to get around what the federal reserve does and ultimately what the ai players from here do moving on to the individual movers as we see one particular drag, adobe, sinking 8% and having a dire day as once again it's forecast cannot make up for actually a rather really good set of third-quarter results, guiding us to the fact tha

from the heart>> of where innovation, money, and power collide, this is bloomberg technology with caroline hyde and ed ludlow. caroline: comingcaroline: up, apollo offers a multibillion-dollar investment in intel after qualcomm's takeover approach. ed: more potential trouble for china eeev's. caroline: first, we go straight to the key ship story. ed: apollo offered a multibillion-dollar investment in intel with the asset manager indicating it will be willing to make an equity-like investment of as much as $5 billion according to one of the sources bloomberg spoke to following news friday that intel had been approached by qualcomm about a friendly takeover. this follows until announcing his strategic rethink -- intel announcing its strategic rethink. let's start with apollo considering equity like investment. why would intel want capital from an asset management like apollo? >> apollo has already invested partially in intel and took part of a stake in a factory in ireland. intel has been doing a smart capital strategy, basically bringing in money to bridge loans for investment it is making to bu

, money, and power collide, in silicon valley and beyond, this is "bloomberg technology," with caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is "bloomberg technology." coming up this hour, weak demand from the new iphone 16 pro model. ed: plus, the most influential tech enforcer of the eu resigns. caroline: and the battle with the u.s. government begins. freedom versus national security. we check in on the market that is currently sinking, perhaps no surprise, we had a five day run up in the nasdaq 100. we fallen across a rebound in mega cap big tech. today, money comes off the table. and there's a key player in the sector, ed. ed: yeah. it is a down point on the side. securities international out with a research note, saying initial sales of iphone 16 generation the pro, 37 million units, a drop of 13% year on year for the first week of sales, that caused some panic in the market. several other analysts note outside today, citing concerns from china, the timing of apple intelligence. one comber voice is bloomberg reporter anurag rana. anurag: we heard app

innovation, money and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is bloomberg technology. stocks jumped on the jumbo fed rate cut. ed: plus, apple gets an e.u. warning. caroline: and x is back on in brazil. how the platform bypassed a ban from a software update. we have finally found that bid post the fed rate cut of some 50 basis points and we will have the best day in at least a month for the nasdaq 100. ed, you're going to look at the mega caps. ed: a lot of investors have come on this show and said when it comes to tech, there will be a recalculation around valuation. a lot of the conversation this morning is we are going to avoid a recession. take tesla, how much is elon -- has elon musk talk about the impact. not that elon musk and tesla will be focused on selling cars for much longer. caroline: that's the one thing we have to keep an i on when it comes to tesla. should mega caps be lowering? let's talk to zachary hill. $8 billion in assets. we will discuss the rate cut. what

innovation, money and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york and san francisco this is bloomberg technology. the doj's nvidia investigation heats up. is it anticompetitive? we discuss after the historic selloff. ed: tech with saws as investors question whether the ai euphoria will go far. caroline: intel's frustration about accessing money from the chips act. we have a bloomberg exclusive reporting. we check in on these markets. after historic selloff, i shine a light on the semiconductor index. it had its worst selloff since march 2020. we bounce back and we are still off by 6.3%. the nitty-gritty was pretty amazing. ed: one of the biggest contribute factors was nvidia. i go straight to the picture, it's at a session high. it had been down as much as almost 3.5% in the session so whipsaw is the right word. the biggest drop since april of this year. at times in the session its biggest since march of 2020 and it shed the most market cap in a single session in the s&p 500's history. markets are weird an

innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: this is "bloomberg technology." [inaudible] beijing steps a pressure on domestic companies to ditch nvidia chips. gavin newsom blocks a proposed ai safety bill. [inaudible] let's check in on the markets. technical issues with my microphone. we are all awaiting fed chair powell, what he will be saying regarding the economy. the golden dragon index in china up another 4%. tech stocks on fire amid the stimulus. feeling of fomo continued to perpetuate on the market. we have a merger monday on our hands. at&t only up .1%, but directv and dish combining to make the biggest pay-tv provider in the u.s. at&t is selling its stake in directv to tpg. meanwhile, earning it $7.6 billion. echostar, the owner of dish, is dodging bankruptcy by offloading the debt associated with pay-tv assets, set to sell more shares itself. let's discuss all of this with michelle davis. you were ahead of the curve on this. this is why at&t was not moving much, because we anticipated this of

innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. >> line technology. apple and google losing fights with the european union. ed: plus, shares of oracle touch a record high. caroline: apple bets big on ai with a of products. let's check on the markets. while it is apple we are going to dive in on, we are up 1.5% over the last two days but most of those gains are from yesterday. today, we are calling some of that risk on sentiment and some of the focus is on individual movers. you are going to dive into it. >> apple and alphabet, two court fights lost with the e.u. apple's lower. alphabet is higher at the low point of the session. a $14.4 billion decision in back taxes for apple and a fine for google in the fight with the european union. a competition commissioner who ends her term in november says the rulings wrought her to tears. >> you own your victories but you also own your defeats. we have had both. and hopefully that shows we are willing to push the envelope and take a risk to try to make sure the market serves t

i'm caroline hyde in new york. ed: and i'm ed ludlow in san francisco. caroline: it is a down day.sk-off. you're going to move to what is happening on the nasdaq or broadly, because we are off by more than 2% on the nasdaq 100, and in large part it is the chip names that are driving a slower. i'm looking at a selloff that means money flows into the bond market. 10-year yields have come down five basis points. we are down by 2%. the individual movers i'm having a look at, are some european names. europe has just closed and we see sap under pressure. off by .8%. the ceos depth down for some inappropriate behavior, we understand, at a previous row. we see delivery hero down. this is a german company that has a middle eastern unit it is looking to, a be ipo in dubai, and bankers have been talked to. nvidia, though, front and center. he must keep showing this, the fact that nvidia is down 7%. nearly every player is on the downside. ed: given nvidia's market cap it is important. come back on the market -- the mega-cap names, it is a similar story. the association and broad marketing vari

the heart of where in -- innovation, money and power collide, this is bloomberg technology with caroline hyde and ed ludlow. caroline: live from new york and san francisco this is bloomberg technology. all eyes on powell. markets on edge and we watched the tech sector head of the fed. ed: microsoft and blackrock are teaming up planning to launch a $30 billion ai investment fund. caroline: google wins in court this time per eu judges overturning the companies 1.5 billion euro antitrust fine. first let's check in on these markets put abigail doolittle. abigail: we are hours away from one of the most anticipated fed decisions in years because of course it's all but likely they will in fact cut at this next meeting for the first time in four years but the big question is will be 25 basis point or 50 basis points according to probability and the bloomberg terminal right now we are looking at a 57% chance of a 50 basis point cut, one of the first times this has happened in a nonemergency capacity perhaps raising questions of what are they seeing and why will they make such a big cut if it happens.

heart of whereinnovr collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: live from new york and san francisco, this is "bloomberg technology." coming up, intel gets to work, striking a chip making deal with amazon after postponing expansion plans in germany. ed: plus he elon musk donating million dollars to back the g.o.p. in congressional races. caroline: and microsoft awards its shareholders, boosting its dividend and unveiling a $60 billion buyback plan, as we hear from co-founder bill gates as he tackles a different $3 trillion problem. but first, let's check in on these markets. the s&p 500 hit new intraday highs. we're still well behind the nasdaq, about 5% off of them. but we managed to push higher on the day. we're seeing a goldilocks reading once again when it comes to economic data. retail sales surprising to the upside for august, but still the market waits for tomorrow, the fed, and whether we get a 50 basis point cut. ed, you're watching micros. ed: three big names moving higher. amazon's c.e.o. has told staff they hav

innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. ed: live from san francisco, this is "bloomberg technology." restructuring. and giving sam altman a 70% equity stake in the company. micron shares see gains on the back of earnings. and we look at an augmented reality strategy with an exclusive interview with a cto. and this is what financial markets look like in the context of technology. after a bright start, the nasdaq is flat. there had been enthusiasm for technology shares because of strong economic data. the idea that central banks around the world will start cutting rates -- and a reinforced pledge from china for a stimulus package. it is in the semiconductor space where there is all the action. you look at micron. this is an earning story where it is forecast strength in ai. we are talking high-bandwidth memory. strengthen micron's boosting the philadelphia semiconductor index. openai is discussing giving ceo sam altman a 7% equity stake in the company and restructuring to become a for-profit business. this all