deidre bosa has the story. deidre? >> hey, kelly. this is another reorganization at google. this time involving its ai team. the gemini app team, that's the chat bot, is going to move to a team under dennis who is over google deep mine. this is an effort to streamline all of those different organizations. theco takeaway, though, is more consolidation aununder hasabis. this also puts consumer products and tools under his per view. the memo that the ceo sent to employees earlier today says, ai moves faster than any technology before it. to keep increasing the pace of progress, we've been making shifts to simplify our structures along the way. part of this memo as well says that another big name executive at google, who has run search and ads for the company, is becoming the chief technologist. kelly, shares fell on this, and i'm not entirely clear why. the memo was long and a little bit confusing. we had to search through it. it made it sound for a moment that he was maybe leaving, but he's just taking on a different role, so shares recovered a little bit, but still down on th

let's bring in deidre bosa with more deidre >> hey,we kelly apple's china issues are becoming an aiiase intelligence features because beijing has banned foreign developed ai models like chatgpt, which is not going to be integrated. apple has to secure a local partner to power its features, raising all of these questions around sovereignty and privacy so if you're a consumer looking to upgrade in china, you're going to go with the homegrown brand. and if you are an investor, hoping for an iphone upgrade cycle powered by ai, china is not going to help. china represents apple's third total market, but sales have been under pressure since huawei released its new series, especially the mobile phone that chinese love now, huawei may have the ai edge, which would hurt apple's position even more going forward. earlier this year, apple fell out of the top five smartphone players in china huawei is growing market share 41% annually not only has that pushed apple further down the list but it is quickly widening that gap. apple denounced public data that's chatgpt integration, good news if you a

let's not try to pretend they're intelligent, truly but deidre, thanks deidre bosa today. >>> the ceoai startup perplexity will be on "fast money" tonight at 5:00 eastern and as deidre mentioned, that new survey indicates consumers may not be as excited about the iphones with ai as the street had hoped. steve is here to break it all down >> see if i can do it better than the ai did. it's kind of the way we talk, interrupting each other. but let's just go over what this sursaid, because it shows that apple intelligence may not be as exciting and driving iphone sales as bulls thought jpmorgan's survey came out this weekend and it shows that artificial intelligence is the last thing customers who are upgrading to the iphone 16 care about. we always talk about device speed, 5g connectivity, the design of the phone or the camera the survey comes as the street has wibeen trying to figure out what i-16 phone demands look like analysts look for ship times as the gauge for demand that's all they have to go on right now, and the iphone 16 pro models appear to be selling worse than they were las

ken, deidre, thanks.ate it. >>> coming up, super microshares are on pass for their worst day in six years, down 33% after disclosing its auditor resigned after disagreements over the chipmaker's governance and board independence, writing it was unwilling to be associated with the financial statements prepared by management. they face being d-listed from the nasdaq unless it can gain compliance by mid november. shares, which were listed in 2018 due to accounting issues, 20re relisted in january of 20. we'll get a check on the day's other big movers, next. humana medicare advantage plans. carry this card and you could have the power to unlock benefits beyond original medicare. these are convenient plans that offer all of the benefits of original medicare, plus extra coverage and benefits. with a humana medicare advantage plan, you could get doctor, hospital and prescription drug coverage in one convenient plan. with zero-dollar copays on hundreds of prescriptions. most plans include dental coverage, includi

deidre bosa has more.aking of the competition that conner was alluding to, deidre. >> i enjoyed that last conversation. my takeaway is that the ceo has done an incredible job of putting uber adjacent to robo taxis, but they do not have the tech itself. it's just a network that would be disrupted. the real winner last night is waymo. while tesla hopes to start production on their cyber cab before 2027, waymo already has a fleet of more than 700 driverless vehicles delivering and charging for thousands of rides per week and expanding rapidly. the two key ingredients, trustc. waymo, potentially making it harder to scale. tesla is promising an unproven set of tactics that if it does work, it has higher rewards. trust is going to be just as important. as part of our deep dive, we pulled some people in new york where robo taxis are not yet available. >> i wouldn't trust it. >> i kind of believe that the cars should be driven be i a person. >> i can't imagine driving in manhattan how a driverless car can navigate

deidre for now, thanks deidre bosa. >>> coming up, we're continuing to track the historic destructionsed by hurricane helene from eight days ago we'll have the storm's impact on two key industries, next and before we go, check out the home builders, under some pressure today as the ten-year yield jumped back towards 4%, and the 30-year mortgage rate has surged to over 6.5% today. that's got the builders index down about 2%. down about 2%. more after a break off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. why not? did you forget something? ♪ (suspenseful music) ♪ my protein shake. the future isn't scary. not investing in it is. you're so dramatic amelia. bye jen. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim

deidre, thank you. we look forward to hearing more from those executives later on. >>> sticking with the chipmakers, the whole group could face a new under the radar risk that could undermine the industry in six months. megan has the details. >> that's right. so the semiconductor supply chain is dependent on quarts, that comes from spruce pine, north carolina. spruce pine saw two feet of rainfall from hurricane helene, and now nearly a week later, city officials tell me that there's still no water, power, or cell service. the infrastructure is completely disrupted to the point that roads and railways are so torn up that in some areas in the western part of the state, mules are being used to transport materials in and out. so the two companies that operate the quartz mines there, they tell us their work has been shut down since thursday, and quartz corps adds they have no visibility as to when operations can restart. so the question is not just whether the mines have been damaged but also if it's possibl

let's bring in deidre bosa. deidre, what is the expectation in "tech check" today? on for all the hyperscalers, that is these tech companies with big cloud businesses, that's the question, is cap ex becoming a double edge sword for them? higher spending signals confidence in future demand and a readiness to cash in on the ai wave. investors are expecting returns on those investments. an ideally strong margin growth as ai scales. so more spending without the returns to show for it can make investors skittish. but here's the flipside. if google, microsoft scaled back on cap ex to focus on those better returns, that could signal to the market that their demand for their ai isn't as strong as expect, causing jitters. spend big, investors worry about returns. scale back, investors fear that demand is falling. in that sense, meta could be the most interesting. it's not a cloud provider like the others, but still a major buyer of gpus for its own services, kelly. and it's expected to spend as much on cap ex next year as aws or nearly as much as the other hyperscalers. so i

what are they claiming, deidre?you hit on a key question, will this go any better than it did in the social media era? mark zuckerberg wrote back in 2012, facebook was not originally created to be a company. it was built to accomplish a social mission, make the world more open and connected. sounds familiar. it did for a while. but then misinformation, influence operations, they reared their heads and zuckerberg, facebook, they were on the defense. policymakers had to try to put pandora back in the box. so openai, there's signs it may be trying to get ahead of similar issues in the age of generative ai when the stakes are arguably a lot higher. yesterday, the startup released a 54-page report that analyzes more than 20 covert operations that used its models to launch deceptive campaigns on social media. it was the second this year, and it's meant to flag an initial set of trends in the broader threat land scape. there's financial incentive here too, though, that may be why this is playing out differently. the social

deidre bosa has more deidre >> reporter: so agents, they are the next frontier in generative ai thisdence that everyone is moving very fast anthropics computer lets users use ai to, as you said, control actions on a computer. like clicking buttons and typing to browse the internet or make calendar appointments or fill in forms. the company says this can carry out actions on the users' behalve, without their consent, acting like a human collaborator we haven't seen much of it in action yet, but over the next few weeks and months that will change we'll see more agent powered ai tools in the wild. you have microsoft that just announced its even agent tool and on the consumer side, the first wave of apple intelligence, that starts shipping next week anthropic says that the model that powers its computer use, it's stronger and more rebous, but also the technology is ex-er themental and at times error prone. so be first to release this, that could give us a snapshot of what to expect more broadly from the next phase and gen ai as it rolls out. now, the timing of computer use, that is good

deidre bosa. shares of super micro computers surging today.company reporting it is shipping 100,000 gpus per quarter. it announced a cooling solution for data center clients and lowering power costs. the sharesor pace for the best day since early march of 13%. a check on some of other movers next. cnbc is celebrating hispanic heritage this month. here's juan perez chief investment officer at salesforce. >>> there's definitely tremendous opportunity for all of us in our country. this is truly a country of opportunity. i have also learned that it's my responsibility to take advantage of those opportunities. you have to take some risks. i tell many people around me that if you want to get to these levels, many time you'll r to sacrifice and go the extra mile and you have to put in the extra effort. h to sacrifice and go the extra mile and you have to put in the extra effort. a to sacrifice and go the extra mile and you have to put in the extra effort. v to sacrifice and go the extra mile and you have to put in the extra effort. e to sacrifice and

deidre has done great reporting on this.ipeline. >> well, maybe tomorrow we'll find out. don't miss an exclusive interview with openai's new cfo, sarah friar. >> they need some stabilization. didn't stop the funding round. speaking of nvidia, they're expanding their partnership with accenture. they will offer a refinery service for general tools. this comes as accenture said it drove $3 billion in bookings in the latest fiscal year. they have gotten a boom out of this so farr, brian. they'll continue to do this. accenture shares peaked and year to date have not done much. >> got a friend that used to work there. certainly the ceo putting her mark on the company for good or ill. we'll find out long term. if you are a thought and knowledge-based worker, i know you're told not to fear ai. don't worry, it's going to help you do your job better. or it's going to do your job for you. ai doesn't take sick days. doesn't take vacation. doesn't complain. >> i'm leaning out on the ai taking over anything narrative. >> me, too. >> if yo

deidre bosa sat down with him. what did he say?the point that this regulation is happening a lot differently for this technology. sam altman from openai, you think he would have learned a lesson from the social media era. bring on the right people with policy experience, and there are few people that are positioned to do that more than chris lehane he came west working with local regulators and airbnb, then crypto, and now leading policy at openai, at a time when the industry and government are trying to get their arms around ai policy. he said the stakes in ai are higher than anything else that he's seen. the autocratic versus the democratic development of it >> china wants to be the dominant player in ai by 2030. vladamir putin, who i would typically never, ever quote, has said whoever wins ai wins the world. and so the stakes here are enormous and for the u.s., which is currently leading, but that lead is not guaranteed, but for the u.s., to continue to lead in ai, and therefore help ensure it's built with democratic values, dem

deidre bosa sat down with the ceo this morning and has the latest on tech check. >> nextdoor is a hyperlocaleaning it's centered around neighborhoods and users have to verify home addresses so it can provide realtime information and localized emergency alerts and here is the ceo and found or the role that his platform has played before or after milton. >> we have 6,000 partnerships of sort and the florida office of emergency management, the miami police department. those are the kinds of agencies not just fema on the national level and it's the local agencies that know the information that you need in your specific community. >> he says that the official partnerships, they can help crack down on dis and misinformation and help clarify what's going on in real time. that has translated into greater engagement, as well. a 30% increase in activity across florida. as tyler mentioned a 50% increase in directly affected areas in the days leading up to and during milton, but the bigger question here for investors, guys is how nooks door can engage when there aren't major disasters. they can take it

. >> all right, deidre, one last quick question. a quick answer here.nk will change the market. what do you think you know, do you think after the election more people will feel more confident? what do you think is going to change all this? >> well, i think it's going to take several things, right? i think, you know, if because the reality is interest rates reduced in anticipation of the fed rate cut. and so actually interest rates went up afterwards. so having a more meaningful reduction in interest rate will help. more insurance options will help sellers doing a few more things to get their properties ready for the market. so there's less items for a buyer to potentially have to do once they move in. all of those things will help. and then, of course, this is a seasonality issue. we always tend to have a little hesitation and pause in the market right before a major election. so this is really not so surprising. and i don't think people should read more into it than just this is a seasonality issue. i think come spring, we're going to have a much heal