with caroline hide and ed ludlow. ed: ed ludlow here in san francisco. caroline is off today.is "bloomberg technology." coming up on the program, full coverage of the tech companies making headlines from virgin galactic's space flight to earnings mike ron's earnings. plus, a.i. video start-up runway raising an

ed ludlow is on assignment and joins us shortly. this is "bloomberg technology." we will break down earnings from sales voice that disappoints. let's stick on ai with the here and now. we go live to palo alto, california, where ed ludlow is sitting down with an exclusive conversation with a ceo. we will have more on artificial intelligence. how it is replacing our jobs and how ai is replacing ourselves. let's check in on the markets. 1% higher on the nasdaq. we are seeing relief, whether it is the debt ceiling agreement, whether it is about the fed speak is about at the moment. some key players talking about a pause coming. up for the next meeting. we are looking forward to the jobs data. the numbers looking strong even the manufacturing did just ease off. the golden dragon china index showing how chinese companies are performing. rallying, up 4.5%. we are seeing a two year yield down by some six basis points. let's move onto to the world of crypto. we see the dollar being drowned -- drawn down but so is crypto. not much desire to get into this particular risk ass

power collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. ed: i am ed ludlow in san francisco. caroline hyde is off today. this is "bloomberg technology". nvidia takes a hit as the u.s. plans more ai chip curbs against china. and you stick with artificial intelligence and go live to the collision conference in toronto for a conversation with colin murdoch. plus the ceo of air taxi surges. we have the exclusive conversation with the ceo later. let's get a check on the markets. there is not a huge amount of energy when it comes to the technology sector. we had all of the world's biggest central bank leaders on stage together. the main point coming from jerome powell downplaying the odds of recession. the nasdaq one up 0.4%, a very tech heavy and decks. if you look at the silicon valley tech index, it remains lower. we will get into the details later. yields lower, down 0.35%. bitcoin was on a nine-day winning streak that has now snapped. we are trading at 0.6% but it was trading higher since 2020 two. jonathan: aviation is a starter productio

ed: and i'm ed ludlow here in san francisco. caroline: gm's using tesla's charging network. : all things ai from law to investing in the space with wesley chan. caroline: how artificial intelligence is taking racial and gender stereotypes to extremes. let's check in on the markets because we have muted ahead of the federal reserve. will they pause, hike in july? we have seen a downward trajectory on the dollar. s&p 500 is up 2.57. mastec 100 up .20 percent. the dollar index is treading water but selling off over the course of the week with the thought that maybe the fed will hike -- pause the hiking cycle. bitcoin having a torturous few days. we are clinging to the 26,000 but this comes on the back of regulatory headwinds. look at that when we got the news on binance. interesting we are not seeing the move into bitcoin. ed: tesla is up 5%, the best since early october. general motors is adopting its charging stand and gm is up 2.29%. evgo is taking ahead, the tesla name has momentum. look at this terminal chart, up for 11 sessions. 11 days that ended in early 2021. we don't g

ed: i am ed ludlow in san francisco. caroline: micron has china warning sales. we are going to discuss chip companies. are they diversifying their supply chains? we will discuss. ed: we will speak to the head of the diablo universe. caroline: and billionaires who lunch. we will break down what we have learned from their day out. but first, let us check in on the markets. when it comes to micron, nuclear when it comes to russia and belarus. we have enough to take steam out of this market and what has been a key run-up has been the best week for months. it is down currently 0.16%. we can talk micro in a moment and i know you have that ed. we have yields pull lower and they march back higher as we had some fed speak out there. saying we still need to tighten. here is our risk asset choice, bitcoin that has had quite a volatile week. it's still under some pressure at the $26,000 level. but stable. ed: the story with adobe, raising its four-year outlook for profit and revenue but were getting a sense how we get to the headline to how this is impacting a company like a

power collide, in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. ed: i'm ed ludlow here in san francisco. caroline hyde is off today. this is "bloomberg technology." coming up on the program, apple hits a $3 trillion valuation. we we close above that milestone? remains to be seen. the ceo of inflection ai discusses his company after raising a whopping two point -- $3.3 billion. the u.k. joining the eu and u.s. in multiple probes of a billion dollars deal. this is the market picture. nasdaq up 1.4%. the story has been yields higher. we are softer by two basis points. semiconductors trading in line with the broader tech sector. bitcoin moving to the downside. low -- below 31,000 u.s. dollars per token. this week it was about the fed. the idea that we will get two rate hikes by the finish of the year, and jay powell, the fed chair, ruling out recession as a likely scenario. the here and now is about the supreme court, throwing out joe biden's policy on loan forgiveness, student loan easement. we see the stocks impacted. we saw really wild swings in s

ed ludlow is coming up.his is bloomberg. ♪ lisa: a look at some of the biggest business news stories. asset management in talks with the largest investment banks open to keep them staying with the firm. they are distancing themselves from oday after it of sexual assault from one person. talks -- goldman sachs said to be reviewing links with the company. the lawyers are looking into the claims. tesla shares poised to rise for the 11th consecutive session after the longest winning streak in january 2021 after general motors said it would adapt electric vehicles to tesla's superchargers. it follows a similar move from four. that is your bloomberg business flash. alix: we cover the top tech stories from that bay area and beyond. we start with ed ludlow. the tesla story, in some ways it was no surprise gm did this but what does it mean for the other ev charging companies? ed: they have a decision to make. when ford good this, the stock -- stopgap is you have to use it to make vehicles built with the standard comp

ed: i'm ed ludlow here in san francisco. caroline hyde is off today.gy." coming up on the program, apple hits a $3 trillion valuation. we we close above that milestone? remains to be seen. the ceo of inflection ai discusses his company after raising a whopping two

ed ludlow joins us now from the summit in san francisco. what is the buzz their own ai? the buzz is the long-term. sam altman is talking about the existential threat that mankind faces from ai. how that leads to nvidia is interesting because if there was a consensus among analysts, including read lockman of greylock, or microsoft, it is that the curve of where we would get to in order for ai to be a threat is years away. how sam altman phrased it is atp four generation does not -- gtp4 generation does not pose a threat but gtp9 does. we are years away from that and billions of dollars of investment to start worrying about it. it has been an intense but wide conversation here in san francisco. matt: it is interesting because billions of dollars of expected revenue, as well. microsoft with all of its various copilots that are going to use the technology. google surely will bring out its own challenger in search, which is one of the killer apps a lot of people would agree. to me, one of the most fascinating stories is the rebirth of san francisco so soon after it died. is it

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 nothing. not nothing, billions, but they really needed many, many

coming up, bloomberg technology with ed ludlow.rg. ♪ ahhh conventional thinking delivers conventional results. at allspring, we break away with purpose. harnessing data-driven insights and boundless curiosity. we dissect the market from every angle. helping to build portfolios that redefine what's possible. ♪ because investing isn't one size fits all. ♪ allspring. purposefully divergent. as a business owner, your bottom line ♪ is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network, with no line activation fees or term contracts... saving you up to 75% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities™. announcer: from the heart of renovation, money, and power telekom valley and beyond, this is bloomberg technology" with caroline hyde and ed ludlow.

saudi arabia is a big schiller -- a picture holder and both of these companies pay that spring in ed ludlowwho has been tracking the story as well. for an industry that is going through some big change, you have some relatively speaking small players that are coming together, it seems. ed: yeah. a lot street pointing has been logical. they have been relatively under duress for naturally -- duress financially. has to martin has a habit of relying on third parties. mercedes has a financial interest in aston martin as well. it goes back to the origins of lucid. it was founded in 2007 under a different name. its original goal was to be a maker of powertrain. and battery pack, rather than a full luxury ev maker. it later pivoted. but that is there for differentiation. lucid feels it has superior technology when it comes to the energy situation. they want to be a supplier of that. matt: this is interesting. i would read it as a consolidation. i think they have a 20% share max. they own the majority of lucid. how do you see this going for the british carmaker? because essentially, lucid is now a s

ed: and i am ed ludlow. caroline: we will break down what hiring looks like in the tech sector and speak to the director of human resources at ethena. ed: we look inside the c-suite when it comes to the health of the tech industry and speak to the ceo's of crowdstrike and zscaler. caroline: amazon and talks of a mobile phone service to prime customers. what that means for the competition. that and much more, coming up. let's look at how tech is in charge. we round out this week from the market's perspective on the higher side. we delve into the fact we have been led higher by a small number of big tech heavyweights that have driven this rally this year. it is all about ai. we saw that blowout number from the jobs data. 339,000 jobs added, but unemployment ticks higher. do we see the federal reserve raising in june or july? 13 basis points and the two-year is digesting how much the fed is going to fight a healthy labor market. crypto up 0.9%. the risk asset deployment is happening across equities and bitcoin l

ed: and i'm ed ludlow in san francisco. this is "bloomberg technology." caroline: we will talk of the state of the digital consumer with the founder of mikmak joining us. ed: we will sit down for an expose of conversation with the ceo of databricks, one of the fastest growing software companies, to discuss how they are utilizing ai to power the business. caroline: we break down the earnings from oracle as the ai frenzy spurs cloud demand. and how salesforce is focusing on artificial intelligence. let's focus on the markets. we have cooling in inflation. if you look at not the core cpi but the overall print, back at 4%, the most since march 2021. the fed will halt and stand steady for the month of june. nasdaq up 0.5%. but inflationary pressure is being felt elsewhere. we think about the u.k.. yields spiking and i want to show what asset is trading. the pound versus the u.s. dollar higher. all eyes are on a 6% level when you are thinking of central bank policy. interesting moves coming from china. they are going the opposite direction. instead of curtailing

ed ludlow. crosoft and its bet on ai and how it leapfrogged over google and no one knew about it until now. ed: that is the framing of big tech. last year we were talking about the new top gun film and artificial intelligence, we were doing it in the context of google and the work google is doing in research and what the big take does is unpack the journey microsoft took starting probably in 2019 when it started serious investment into openai, through product development, and we all know the story since november. it has leapfrogged google. it has commercialized the technology, offered it to the real world through integration with existing microsoft software. we cover those stories daily on the startup. it is worth a read about big tech. guy: it looks like microsoft may be on pace to close at a record high. why has it taken the market so long to figure this out? what is the connection into the rest of the ai landscape? you talk about microsoft doing this quietly. it has some sizable stakes. ed: it

with caroline hyde and ed ludlow. ed: i ed ludlow in san francisco. caroline hyde is off today. coming up, a warning from e.u. to twitter. crackdown on disinformation or face the consequences. we bring you our interview with the internal market commissioner . plus tech executive dissent on the white house. ceos of apple, google, microsoft and openai dined with the president and india's prime minister. san francisco driverless feature. behind the scenes of my experience using the autonomous vehicles becoming a reality for thousands in the citi. first a check the markets. nasdaq 100 down this friday. we are down on track for biggest weekly drop since march. the we can -- the week in march when the banking crisis once unfolding. echoing what we saw in 1999, right before that bubble, strategist by bank of america writing investors actually could start to flee technology stocks. they cite data from global data, $2 billion of outflows in prior trading days through june 21. there could be a shift where you extrapolate and take a look at the most names in their red on the index. bitcoin

power collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow francisco. caroline hyde is off today. this is "bloomberg technology". nvidia takes a hit as the u.s. plans more ai chip curbs against china. and you stick with artificial intelligence and go live

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlowyork. ed: i am ed ludlow in san francisco, this is bloomberg technology. caroline: former alibaba heavyweights returned to the company as it prepares for restructuring and spinoff. we discussed with brian wong himself and author of "the tao of alibaba."

ed: i am at ludlow in san francisco. this is "bloomberg technology." caroline: sequoia splits into three firms. it divides into several entities as you political tensions are on the rise and we break on the announcement. ed: coinbase is the latest target by the sec with regulators suing the exchange. we discussed the crackdown on crypto ahead. caroline: plus we got a dive into virtual and augmented reality following apples's vision pro release. we have the ceo on the show and that and more coming up. let's check in on relatively muted markets. in general, looking at what the world bank's warning about, the global environment which we stand, what of interest rates and disruption to global economies. arab .5% on the bid -- on the nasdaq. we see the two year yield on the higher side, five basis points on the front end and that means maybe we are less confident the federal reserve will put on ice some rate hikes and even rate cuts. rich clara is the vice chair of the fed saying we're not cutting soon and likely to see a pause for the time being. the euro cu

let's go to ed ludlow.or guessing what is top of mind, but what discourse is taking place? >> the discourse is probably the right way to sum it up. everyone who has taken to the stage [indiscernible] inflection ai, we all agree we need some sort of global regulation but the difference they are talking about is where to regulate. the other question is china and the discussion has been how little we know about china's progress in artificial intelligence and that concerns people because geopolitically we know the situation between u.s. and china but we do not know where they are technologically and then we can talk about regulation as well. shery: you have been talking to big names on ai, including qualcomm. what did they say? >> an interesting conversation with them. this year has been all about nvidia and servers and data centers and powering the cloud. but what about your cell phone? this is what was said about the future of ai on cell phones. >> when you think about the ai and semi conductors accelerating

ed ludlow is on the ground. what does it feel like? what is the goodie bag like? ed: if you like the biggest event for apple in a decade. a mixed reality headset, $3000 price point, carbon fiber, aluminum, glass. the question for this mixed headset is what is the slate of content? what apps are ready to go? the price point is interesting, high enough to make a profit but low enough not to price them out of the market. this feels like the biggest move into a new category, an historic woman for apple. caroline: let's look at all things apple, all things video. this is a price point that is going to be high. it isn't about margin and scale but about reinventing what we think of as a virtual reality and ar as well. ed: u.s. me what it is like on the ground, it is seeing familiar faces, veterans of these events. one is the printable analyst at creative strategies. you heard my preamble about the mixed reality headset erie what is this moment in apple history for you? >> it is a big moment for tim cook and the announcement of a new era and new market, building off everyt

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow. caroline: i am caroline hyde in new york. ed: i am ed ludlow in san francisco, this is bloomberg technology. caroline: former alibaba heavyweights returned to the company as it prepares for restructuring and spinoff. we discussed with brian wong himself and author of "the tao of alibaba." ed: we will discuss ai regulation and investing in technology as president biden prepares to meet with leaders in california this week. caroline: we will bring you updates on the missing titan submarine, the search is racing to find the diving vessel with five people on board and expedition to view the tech to next brick. this check in on the markets, we are trading lower, almost two thirds of a percent with the nasdaq off, more broadly people are questioning valuations. some of the key reports coming out, feeling perhaps we are overblown. we are adding to that today. 10 year yield coming up by four basis points, housing stats are showing strengthening in the underlying u.s. economy. overall, starti

>> this is bloomberg technology with caroline hyde and ed ludlow . caroline: i am caroline hyde in new york. ed: i am ed ludlow in san francisco, this is bloomberg technology. caroline: coming up, we sit down with marcelo claure. ed: plus, more hurdles facing the microsoft 69 billion dollar takeover of activision blizzard. we will discuss why a u.s. judges temporarily blocking the deal. caroline: google hit with charges for abusing dominance, what is next for the process that could take years to resolve. let us check in on the markets, it is a day of macro consequences. a day were we wait for the federal reserve to come out. s&p 500 on a roll, the longest winning streak since november 2021. nasdaq 100 on the high side, up 5/10 of 1%. the two-year falling on the day as people think the federal reserve will be forced to pause. the ppi data, the focus showing some easing once again. people thinking good news is good news. let us look at the risk asset of choice, bitcoin having a bit of a volatile day. this as we start to see may be some reprieve in the a

this is bloomberg technology with caroline hyde and ed ludlow. ♪ caroline: i am caroline hyde from newan francisco. caroline: gm's

with caroline hyde and ed ludlow. ed: i ed ludlow in san francisco. caroline hyde is off today.warning from e.u. to twitter. crackdown on disinformation or face the consequences. we bring you our interview with the internal market commissioner . plus tech executive dissent on the white house. ceos of apple,

with caroline hide and ed ludlow. ed: ed ludlow here in san francisco. caroline is off today. this is "bloomberg technology." coming up on the program, full coverage of the tech companies making headlines from virgin galactic's space flight to earnings mike ron's earnings. plus, a.i. video start-up runway raising an additional $140 million from google and other investors. we have the exclusive interview with the c.e.o. you may know him from man versus wild, now bear grylls is tackling disinformation and pushing the digital literacy using a.i. he joins us later this hour to discuss his new initiative. we are treading water when it comes to the tech sector. the nasdaq 100 basically flat. we will get into micron in a second. the u.s. 10 year 30 basis points , 3.8%. two rate hikes priced in right now. we are digesting the commentary from global central bank leaders. 24 hours ago fed chair jay powell saying a recession in this country is unlikely. bitcoin heading upwards. 1.2% higher. let's get to those stories in the individual movers. top of mind for me is move -- coinbase. up 2.

power collide in silicon valley and beyond, this is bloomberg technology with caroline hyde and ed ludlow in new york. ed: i am ed ludlow in san francisco. caroline: micron has china warning sales. we are going to discuss chip companies. are theyer

ed ludlow joining us now. we missed you.uestion we had is amazon getting into the global business and offering services for u.s. prime members. what? ed: this is very detailed reporting. according to sources they are in talks with verizon, t-mobile and dish. the idea is to get access to wholesale rate and then go through a prime membership base. offer them a wireless service of $10 a month on top of their 139 dollars a year here in the u.s. on amazon rhyme or even free. the market reaction to dish the biggest jump since 2011 and the downside with t-mobile since march of 2020. it shows how much it could shape up the industry -- shake up the industry. guy: they are getting battered right now on the back of this news. does amazon have to say about this? ed: amazon issued a statement through a spokesperson saying we are exploring adding more benefits to prime owners that do not have plans to add wireless at this time. at this time how much work is that doing. when amazon makes a foray into a new industry that industry shivers be

avalarahhh ahhh >> this is bloomberg technology with caroline hyde and ed ludlow . caroline: i am caroline hyde in new york. ed: i am ed ludlow in san francisco, this is bloomberg technology. caroline: coming up, we sit down with marcelo claure.

ed ludlow is on assignment and joins us shortly. this is "bloomberg technology." break down earnings from sales voice that disappoints.

ed ludlow is in cupertino, california, for the apple worldwide developers conference. s 3k virtual reality headset thing? ed: it is all about a mixed-reality headset. his product probably marked the most significant event and foray into a new product since the apple watch. mixed reality is important -- emphasis on "mixed." in 2020 fewer than 8 million virtual-reality headsets shipped globally, fewer than 300,000 augmented-reality headsets shipped globally. this is a combination of both. as mark gurman a bloomberg news come apple expect to sell 900,000 units in year one. we want to know about the timeline. when is it going to cost 3000, and what does it mean for apple's order strategy? tom: any other announcements you are keeping an eye out for from apple? how are they thinking about ai? ed: those are two big an important question. the worldwide developers conference come first was back in 1983 in a hotel in san mateo. it has historically been targeted at those developers who are building apps across operating systems, across apple's hardware. we expect significant o.s.

coming up, the ceo fresh works is joining us and ed ludlow. to look at a powerful rally. microsoft could actually close at a record high. the s&p is up by 20%. really helped by commodities and added -- energy. on the weaker dollar, bonds are in the bond market. yields are up over the year, and a little bit after the last way for hours of the hawks line. he would not have expected a bond or get reaction like this. this is bloomberg. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be

that is ed ludlow. next, our question of the day.loomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. sonali: we are one hour into the trading session in the u.s. and abigail doolittle is tracking the moves. >> the bulls are out. green on the screen on the last day of june. big gains. the s&p 500. tech leading the way. chips doing well. small caps higher but they are lagging a little bit. we have had weakness recently been investors this week making up for last week, the worst since march. let's put it together because a lot of this has to do with, of course, apple. you take a look at apple's market cap and you see it's about $3 trillion, the first company to hit this mark, and i know there was a great conversation with ed ludlow about some of the reasons, the cash balance sheet. if we take a look at the chart, the technicals, it's inte

ed: and i am ed ludlow. hiring looks like in the tech sector and speak to the director of human resources at ethena. ed: we look inside the

where money, innovation and heart collide, this is "bloomberg technology" with caroline hyde and ed ludlow ed: and i'm ed ludlow in san francisco. this is "bloomberg technology." caroline: we will talk of the state of the digital consumer with the founder

ed: and i am ed ludlow in san francisco. caroline: we talk all things crypto. letter of lawmakers saying binance lied to congress. ed: a 20 billion opportunity in the face of regulatory opportunity. caroline: and we speak with the ceo of a company that helps -- today, bad news is good news. jobless claims are reaching higher. that calling of what is a very strong like -- labor market. what the federal reserve has to do to just calm down a very fiercely hot economy in the u.s. one point 2% on the nasdaq 100, as people hope we don't have to hike rates as fast as we think. we are seeing growth in other economies. the dollar is weaker versus the japanese yen because it grows faster than previously expected. let's go into one key risk sentiment, which is the world of crypto. may be news is good news with bitcoin. still in that trading range, where locked at 26,700 at the moment. ed, i know you are digging into small-cap names that are moving today. ed: it's interesting the nasdaq 100 marches on, tech being a big driver of that. amazon moving to the upside 3%. one of

liver technology summit with ed ludlow sink sitting down with cristiano amon. ed: taking photos. the question is qualcomm and ai company? cristiano: catch a great question to ask. it's incredible to see all the development you see now on ai. here is how i will answer that question. equity is very simple. if you think about the ai, semiconductors accelerating computers, a lot of competition. what we see and what you can do with those line which models, large models for images and video. if you think about the history of computing, computing starts in the cloud and get scaled at the edge. that is what happens with cpu's. that is what happens with all other form of computing. the smartphone is a great example of that. the largest computing platform ever developed is the smartphone right now. the largest develop platform for mankind. what is good about the smartphone, it's a device that is with you all the time. if ai becomes pervasive, which we believe it will become pervasive, especially you look at how those large models are very natural. you can converse with them. they have cont

as silicon valley starts its morning, here is ed ludlow. crushed at the apple of than yesterday. separating china, india, u.s. businesses, can you talk me through the why of that? ed: sequoia becomes three distinct businesses. there is the one here in the united states, then one for china, and one for india and southeast asia pacific. the why is because they are three largely independent firms. they operate in independent geographies. what the partners of each regional unit said in a statement is that they are running decentralized organizations with a centralized back office. it is just not making any sense, particularly when you consider the competing policy standpoints of the united states and china right now. and not just the difficulty, but the debate around deploying u.s. originated capital into chinese startups. tom: yeah, and we know that biden potentially is going to take some action on that front. on the china component, i need to look at the characters, but i am pretty sure that they mean red mountain. in terms of the money they m

christina cooper and bloomberg tech cohost ed ludlow. thank you so much to both of you for joining us. coming up in our stock of the hour, we will look at how the supreme court decision on student loans of x companies in the refinancing business is like so five. that is next. this is bloomberg. this is bloomberg. oh booking.com, ♪ i'm going to somewhere, anywhere. ♪ ♪ a beach house, a treehouse, ♪ ♪ honestly i don't care ♪ find the perfect vacation rental for you booking.com, booking. yeah. was also the first time your profits left you speechless. at the counter or on the go, save 20% with the lowest transaction fees and keep more of what you make. start saving today at godaddy.com >> joining us to silvio to boris, from the advanta store which develops consumer reddit scoring models. to have you on the program. thank you for joining us. let me get your take on supreme court decision and the idea that many americans are going to start having hundreds of dollars in loans a month to pay back now. >> is a big deal. 400 $30 billion deal that

joining us as ed ludlow. it is west coast but also east coast because we will have the coinbase ceo on the panel at noon. what are some of the questions we will all be thinking about? this coinbase suit? what do they do? ed: i will make a quick point. remember during the pandemic, for rate 2021, when based order business, but it decentralized and sent out its employees out in the world with the freedom to work remotely. i want to start with the start of segment by saying everyone in the bay area is watching for that reason. loads of employees are still here, but they are watching because it is u.s. listed. for coinbase coming u.s. is the majority of its business. you going to bloomberg terminal this morning and read brilliant reporting and text columns, they frame this as life or death. there is one particularly excellent piece, which is what will ask brian armstrong about, which is two years ago, when coinbase filed with the sec, they pointed out in the filings -- i will read it. they pointed out that there

ed: i am at ludlow in san francisco. this is "bloomberg technology." plits into three firms. it divides into several entities as you political tensions are on the rise and we break on the announcement. ed: coinbase is the latest

not surprisingly, ai dominating discussions for let's me back ed ludlow. been the highlights? ed: the common acknowledgment that there needs to be some kind of global regulation when it comes to aai. we know that. sam altman was the headline speaker during the event and he made a very clear point. he feels there needs to be a technology threshold. the biggish -- regulators should go after those. but, we are still a long way from that. having listen to what he explained as the pathway forward for ai development. >> we are on an exponential curve, and a relatively steep one. human intuition is really bad. given we all have the weakness. we have to push ourselves to say, ok, gpt for, how sure are we that gpt nine well? if it might be, even if there is a small percentage chance, that deserves care. ed: sam altman and others acknowledging this existential threat that it seems to be years in the future. what thing that interested me, i number of panelists saying we don't know what's going on in china. we know they are working on aai come up we have an incomplete

>> from silicon valley and belonged, this is bloomberg technology with caroline hyde and it -- ed ludlow. ed: i'm in san francisco. caroline hyde is off today. coming up, ibm's $4.6 billion deal for back to you. we speak to the company's chief commercial officer about the acquisition as big blue goes on a buying spree. seven deals this year. plus aston martin and lucid strike a deal. shares a surge after the luxury names joined forces. we will bring you the details and get the outlook for tech stocks and crypto. let's get a state of play when it comes to markets. we are coming off the biggest weekly decline in technology shares since mark when the banking crisis was in play. the nasdaq 100 softer by .3%. there is a big focus on economics and what central banks around the world will continue to do in the face of inflation. some outperformance in the u.s. listed shares of technology companies. look at the golden dragon up .8%. there was a move into bonds thursday and friday last week at the expense of technology shares. bitcoin holding about 30,000 u.s. dollars. in terms of single movers,

>> this is bloomberg technology with caroline dolehide and ed ludlow. caroline coined i am caroline -- ed: this is bloomberg technology. caroline: chuck manis is with us. ed: we will look at how artificial intelligence is changing industry. caroline: let's talk more about ai. playing catch up with microsoft. the tech giant is nearing a new record high. first, let's go a little bit broader. the ecb is hiking maids. s&p 500 is up. shining a light on some of these names trading in the u.s. we anticipate china adding more fuel to the economy. the ecb sticks to its guns. the we are going to dig into that much more, in a moment. ed: i want to focus on microsoft. we are at a high fresh record highs. it is all about artificial intelligence, and we will go deep later in the program about how in the space at no time, microsoft has leapfrogged to have leadership in artificial intelligence. stick with us for that. you noted bitcoin. i am looking at some of the crypto related stocks to the downside. my and marathon digital both down. some of that is macro, related to

. >> from silicon valley and belonged, this is bloomberg technology with caroline hyde and it -- ed ludlowline hyde is off today. coming up, ibm's $4.6 billion deal for back to you. we speak to the company's chief commercial officer about the acquisition as big blue goes on a buying spree. seven deals this year. plus aston martin and lucid strike a deal. shares a surge after the luxury names joined forces.

joining us is ed ludlow. the story is in paris. you have the meeting with elon musk. is happening there? ed: the question is when the two richest people in the world have lunch together who picks up the check? i have a slightly different answer which is they met at the hotel which lvmh owns anyway. the chef at the restaurant was seen during lunchtime hours and they are not normally open during lunchtime hours. this is a case of him posting musk. let's continue. guy: do we know what they had to lunch -- had for lunch? can we get into that? ed: the reporting is good but not that good. alix: what are they talking about? ed: lvmh and the luxury brands is a big advertiser on social media, including twitter. one point burke makes in reporting out of paris was perhaps they discussed that along with the business environment in france. we know that at any moment musk will go stage and away from twitter and musk being the world richest person and arnault the second. the big news out of the micron administration -- the m acron administration is will they do that. this has played

silicon valley starts its cloudy morning and joining us is ed ludlow and i want to focus on google andgoing after will -- google and there at tech. --ad tech. ed: the european commission is looking at googles add exchange. we are talking about the technology platforms or websites that connect buyers of ads with sellers of ads. on the demand side, google ads display in video where avatars -- avatars displays are as. " you guys give preferential. -- treatment to yourself. " guy: right headline. -- right headline. why do i care? ed: on the one hand, google has paid over a billion dollars u.s. -- and the eu has achieved $8 billion in fines and even though the eu commission has the power to find 10% revenues, it is unlikely that they will achieve it. more considerable is what remediation they can force google to do in terms of changing its business model. if they have to change how they do business, that is notable. we can see that happening in this case. alix: as a possible baby have to change the way they do business in the eu and not the u.s. or will this be a brought recalibration. ed:

ed ludlow has the details on the company's first new major product launch and's 2015. -- since 2015. ed: the mix reality headset will cost thousand 499 dollars and start shipping early 2024. apple said this will usher in a new era of spatial completing -- spatial computing. we got some demonstration of how existing catalogs of apps could run on the mixed reality headset, as well as more modern use cases. the thing that strikes you when you get up close and personal with the vision pro is the external power source, which leads off of a cable. it looks like ski goggles with a cable running out of it made of carbon fiber, aluminum, a proprietary alloy and fabrics and textiles for comfort. there are 12 outward facing cameras that power the augmented reality function. to compute they have a new chip, a specialized chip that processes inputs from the sensors. beyond that, we got much of what bloomberg reported we would get in recent weeks and months. 15 inch macbook air. a new generation of the mac pro desktop powered by the ultra chip. they said it has superior compute power. beyond that,

. ♪ announcer: this is "bloomberg technology" with caroline hyde and ed ludlow. ♪ ed: welcome to bloombergare standing by for a special conversation with the coinbase ceo brian armstrong. have a listen. >> how far do you think you're going to have to go here? >> this was not unexpected. we have been in discussion with the sec for a long time. even going back to before we were a public company. we start sharing with them how we operate our business, how we list assets on the platform, how we think about our staking program. and through a large number of dialogs back and forth, they allowed us to become a public company. we had many discussions with them in the last year, when their tone started to change. they started to come to us with more questions about the business. we were very forthcoming. we met with them probably 30 times over the last year. we started to ask them for feedback. we said we would like there to be a robust market in the u.s. to trade crypto securities of the 1000 plus assets we have reviewed today. we have rejected 90% of them. the ones we have traded, we believe arc

joining us now is ed ludlow. let's get to the billionaires boys club. we have an ai rally. ellison one of the profiteers of that. ed: oracle shares trading at record highs after big story on cloudcroft -- cloud growth being pounded by ai. larry ellison is the fourth richest person for the first time. he's jumped ahead of bill gates and it is largely tied to his oracle holdings in the gains they've seen here today. is the first time he's been above number five. some of his wealth is tied to his tesla holdings but the majority of oracle. he was part of the communication and their earnings statement on how ai is playing out right now. guy: are we now seeing the ai train beginning to broaden out and where is next? ed: oracle is a distant, smaller player in the cloud space relative to the giants. but what he said in the earnings statement is that 2 billion of cloud infrastructure have been booked specifically to commute -- compute power for -- earlier in the cycle it was about buying up nvidia to make sure they had the computing power. but cloud is a big part of it especially if