just a month ago cnbc broke a story that microsoft is spending billions on renting gpu space because they can't get their hands on enough gpus to keep running openai this is still a problem for the hyper scalers going into 2024, which is why that cap ex spend mine lower this year i would like to point out, the backlog has to do with the packages, not the actual gpu wafers themselves. that we know from a recent earnings report. >> kristina, thank you very much tech is tumbling the nasdaq down 5% in october, even though earnings have been pretty strong so far rising yields, those are among the reasons that tech is selling off. as we await amazon results hi, dee. >> let me put this most simply it's the year of efficiency very a.i. hype. laceoffs first but now the street may be getting nervous again about margin erosion, and weighing the promise of generative a.i. so the question for amazon is whether the weakness we have seen in meta shares is about the fundamentals or part of a yield driven affecting equities as a whole. amazon has been a mega cap leg ar over the past few months. so th

that is more than 16,000 individual h100 gpu's. the dgx infrastructure sent out to the hyper scale cloud producers. i wanted to get my hands on an h 100, caroline. it is not just this little chip. caroline: did you have to do squats to be able to pick that up? ed: i just wanted to demonstrate in the real world sometimes you have to dead lift. i already got a lot of flak for that on the show. check it out online. caroline: is a great piece to digest what is behind technology. coming up, we will get serious and turn our attention back to the latest in israel and hamas and the war and discuss the role of social media during times of crisis. more next. this is "bloomberg technology." ♪ ed: amid the ongoing war between israel and hamas president biden is weighing a visit to the region. oliver crook is live in tel aviv. biden's visit is largely speculative. there are other leaders coming to town. what is the latest on the ground? oliver: let's talk about the military action. over the weekend we got confirmation that israel is saying the

and then also for things like gpu rentals and i'm sure you know.en a really constrained product because of supply issues. and so, builders have had a hard time getting their hands on them to train their a.i. models and marketplaces are making those available on a rental sort of basis so that they can use them when they need them without having to outlay a tremendous amount of cash to purchase them and really having to help overcome those supply issues. so, these networks are going to return the web to its decentralized shape. what we've seen over the eras of web one, web two and web three is a change from a decentralized structure in the very beginning of the web in web one when everybody ran it on their own computers. and then it became centralized as we enter this big tech era. and web three -- ed: amy, really quick, before we run out of time here very quickly, just on what you said. is the united states a good place for this dream to become realized as regulatory jurisdiction? very quick. amy: so our hope is that it will be. right now, it is ver

different way of building gpu.at a lot of the generative technology is running on these days. you obviously have different sort of structures. nvidia has cuda cool toole kits around for a while so developers can build upon it. taking a step back, when you think about the world of ai and what's happening on the generative side and ai more broadly, you have to look at it as an iceberg. what we're seeing on the ai is up thor end of the iceberg. what's underneath is more than gpu compute. you have the connectivity between machines. you have data storage. you have normal sort of density of compute capabilities. and the 2.0 world, whilest the additional features around gpu and do generative ai is important, what's also really important is to recognize that these hyperscalers have sort of really strong, critical mass of distributive compute globally, all the storage, all the connectivity that allows them to do more than just a generative piece. and they'll always go hand in hand. >> it's interesting because as tyler was s

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cpus will be a good alternative, because they are cheaper than gpus they have to be processing data as fast, and that's what we have to see still >> k-parts, tsm, i think it was a couple weeks ago, they mentioned they might see smartphones and pcs bottoming and the comment you just made, is this something, is it enough to put together this, is there a narrative forming or is it just seasonal, do you think >> even gardner research, they put out the pc shipments we've seen several quarters, i should say, of declines, but they, too, agreed with tsmc, they didn't agree, they doubt know tsmc, but they see impro improvements just for pcs data center revenue is a different story, because of that wallet shift to gpus, because i.t. spend is coming down, especially to seasonality, as well >> wasn't it just one week ago, we were virtually dancing on intel's grave, because nvidia and arm were going to go in together no longer dead all of a sudden up 8%. >> i think the gift that was given to intel was the way it came into this, the pricing they came into this if you look at it on a chart, to your p

a leading bitcoin miner and gpu cloud operator is building the infrastructure of tomorrow, featuringh strategy that aims to double its mining capacity while accelerating gpu-on demand business. hive digital technologies. stuart: roblox, the online gaming platform for children has been hosting pro-palestine protests attended by hundreds of thousands of relatively young people. how is this done? describe what is going on here because i don't get it. >> reporter: i have three kids who enjoy roblox. it's like a virtual society online with potential for a lot of bad actors and bad influences. i thought for a long time parents should be overseeing their kids videogame play but this strikes me as targeting young kids. imagine after pearl harbor you found out kids around the world are playing a videogame where the japanese were the good guys and supporting them in some way, in some sort of way like that. that is how i would feel if my kids came across this on their roblox game. i will have conversations about it. it is important for parents to understand that while this is the current threat

we bought an nvidia gpu. we were able to officially do work. the amount of generative work is probably inflated. we'll see. but, look, in terms of the mega caps, only nvidia is a direct chip maker. others will make subscale chips. amd has some stuff. at the end of the day, do you want to look back three to five years from now and say i had exposure to the companies with the best compute in the mega trend? i think the answer is, yes, you do. i think you wanted it already. i'm a fan of sticking with this trend and if you're smart yuf to get it right, god bless america. >> i think there's this nagging question, and i don't have the answer, of course, is this like the buildout of fiber optics, of database? 25 years ago you couldn't buy enough of it until you had too much. >> some can protect their customer and employee behavior and be efficient with it. data services and fire employees, i think that will take a long time and will take many years this is a really long trend. you need to get new gpus every two to three years. it's a constant growth.

i mean, are gpus and data center going to take shares away? is it small are or bigger than today? can they proceed on the process road map even if they do, what do the economics of that look like? do they look like samsung or worse? there's a lot of uncertainty i'm conversationable staying on the sidelines at this point until we get more clarity on what that trajectory is. >> was going to use the word clarity myself >> at least for nvidia, people worry about the sustainability, just because the numbers are getting so big so quickly, but there is real demand for their products clearly there's demand they can't supply everything that's there there is demand for the a.i. parts. they sell those to google. bro broadcom's core business did get weaker, but it's stronger, bridging the gap, so the numbers are fine the core numbers are reset, so it makes numbers easier. and then we'll see if they close vmware next week or not. if they manage to close that, that's not in the ummers even without those numbers, the stock is cheap i'm look at texas instruments, such a bad day in the mark, but i

a leading bitcoin miner and gpu cloud operator is building the infrastructure of tomorrow, featuringobust growth strategy that aims to double its mining capacity while accelerating gpu-on demand business. hive digital technologies. stuart: got a shock when i tuned in to see what the price of bitcoin was, 32,300, straight up overnight. we start with moderna which was 3% higher. lauren: they dosed the first participant in a phase 3 study of the combination covid and flu vaccine. is going to be a trial of 8000 people and targeting real tory approval. stuart: two vaccinations. draft kings. lauren: they like the cost controls and new product, stock is up today, up one hundred 50% this year. stuart: just about everything is a big time except bath and body works. lauren: i want to round out, down one. 5%, jpmorgan, they took the price target down 3%, 40 want to $27, and more promotions. stuart: the uaw extended its strike? lauren: the texas plans that make thing profit machine is the moneymakers. this is the texas plant that makes the sport-utility vehicle. can you say that, on strike now.

we know nvidia was able to get around the bandwidth less performing gpu. in the type of trips restricted -- more onerus on the type of chips restricted. alix: maybe tit for tat before reason. what does vmware do if it is blocked? >> with any antitrust review and it goes to jurisdictions by jurisdiction, they have cleared all the other jurisdictions so they can come up with remedies around what they want, what the chinese regulators want in closing the deal so they can do remedies. but i think the timing of it is influenced by u.s. announcing restrictions on nvidia gpu's and that is probably playing into this. guy: let's turn to nvidia. nvidia pushing back strongly on the impact these rejections are going to have on the future developments for the chips. walk with you the impact you think to see. mandeep: think of it this way. with the patience of ai is moving, everyone wants to train their large land richemont is on the accelerator chips. i could see why broadcom combination makes a lot of sense because vmware is present in the onramp servers and everythin

and the m3 max have up to 40 gpu and cpu cores. the base m3 chip is coming to two products.ew lower end macbook pro as well as a refresh to the 24 inch imac. the m3 pro and the m3 max are coming to the 16 inch macbook pros. all of the new machines go on sale in the coming weeks. from bloomberg news, i am mark gurman. kriti: bloomberg's mark gurman en apple's latest lineup. i will stick with the tech sphere. sam bankman-fried has told the court he was aware that alameda research did not take steps to properly hedge its risks, even as he proved billions of dollars of investments before both companies collapsed last year. big been freed had previously tried to distance themselves from the hedge fund. he also denies charges of fraud. x is worth less than half of what elon musk paid for a year ago. bloomberg has learned restrictive stock use rewarded to employees valued the company at 19 billion dollars. a year ago, musk had bought twitter for $44 billion. let's move to the consumer and food space. a major analyst downgrade to know about. krispy kreme has been downgraded to hold

i don't think that everybody really wants one major gpu dealer. not only that, their software is starting to catch up with nvidia. that was a big point nvidia is number one, no number two or three. maybe amd is number three with the software at allowing people to really open the door and utilize their gpus. what this is, though, this could be a tough road. i'm looking at this could be priced in here in the coming months or quarters. i want possible here for that. >> i appreciate you coming on. bill baruch, we will talk to you soon. i want to use the segue. applied materials upgraded to buy at needham today. lam's target to 800, applied materials to 180. you have both of these in the joet. >> might be rich on the price target. where i believe the viewer should be focused on companies that have the revenue here and now the free cash flow generation right now. that's what the two companies deliver, that's the direction of what you want right now. bifurcating companies based upon what their leverage exposure is. >> jim lebenthal? >> sir? >> you don't

you can imagine that it's probably relying on those nvidia gpus as well. what amazon and google are trying to do. they're developing their own custom ai chips to reduce the dependence on nvidia. >> deirdre, thank you. not a lot of headlines about bonds being jolted this morning. we got higher job openings. 10 year, 20 year, 30 year shot up. the narrative, mike, higher yields increase the chance of a hard landing and the fed will have to do more, keep them higher longer. >> 4.8% yesterday. last week's sell-off seemed to stop short of some of the real test levels in terms of the vix levels. 4,200 is half a percent away, would be about the 200 interday moving average. and then also the volatility index, we're on the verge of 20, we haven't been there in several months and stopped short of there. >> that's the fear level. >> the demand for hedging down side. >> the big question now is where do yields top out. >>> that will do it for our coverage. over to scott wapner at post 9 and "the halftime report." >>> all right, sara, thanks so much. welcome to the "the

a leading bitcoin miner and gpu cloud operator is building the infrastructure of tomorrow, featuringto double its mining capacity while accelerating gpu-on demand business. hive digital technologies. say goodbye to daily insulin injections with omnipod 5... a tubeless system that automatically adjusts insulin to help protect against highs and lows. try it today. go to omnipod.com for risk information and instructions for use. consult your doctor before starting on omnipod. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. stuart: good morning it is 10:0t

they can't make that mistake moving into the gpu market.not there yet? it is a potential rival for the thrown but not yet? >> correct. charles: all right. hey, beth, thank you so much, always learn something from you as well. thank you, appreciate it. >> thank you, charles. charles: bring in capital partners founder co-cio kim forrest. kim, let me pick up on that because i know that intel is a name that you happen to like here, right? >> absolutely, and i was thrilled to get beth's take on it and i largely agree it is a longer-term story but maybe not for the same reason she did. charles: why do you think it is a long-term story? >> well, a lot of it is the fab, foundry portion of their business. it is just going to take time to build this is not just designing a new chip and you know, using what you got. this is building buildings, some are in ohio, some are going to be in germany. it is a very long-term play and if you believe that the company can resurrect itself and be the great maker of chips again which we do, you would buy it occasio

a leading bitcoin miner and gpu cloud operator is building the infrastructure of tomorrow, featuringwth strategy that aims to double its mining capacity while accelerating gpu-on demand business. hive digital technologies. charles: folks we have a new speaker. let's take a listen. >> in this house and you would be hard-pressed to find anybody who loves this institution more or has contributed more to it it it. he is the reason we're in the majority today. [applause] his impact can never be overstated. i want to thank him for his leadership, his friendship and the selfless sacrifice that you and judy have made for so many years. you helped build it kevin and which owe you a great debt of gratitude. i want to thank the dedicated and overworked staff of this beleaguered house. [applause] they accept praise so stoically but miss susan cole, our house reading clerk, yes, yes. [cheers and applause] listen, all the clerks and all the staff you know they're terribly overworked. this has been a grueling process but they served an integral role in keeping our rebubble and we thank them for tha

with it unlike software you write it once and write it anywhere, it's running on fairly expensive gpuse that to make your products more efficient and be able to reflect that in your pricing model. that's what we've done including box ai in our plan, the highest average contract values, the highest lifetime values from customers, the highest gross margins, an ability to not have any impact to our gross margin with the introduction of ai in our offering it is real for customers to figure out how do we use ai responsibly in our organization from a cost standpoint to be able to have the greatest impact across our business. what gives us extreme confidence in the market is ultimately when you look at the productivity gains ai can deliver, instantly relative to the cost of the gpu usage. when companies do have the right kind of use cases, there's no question on the affordability of this technology right now. >> aaron, big picture, you tend to have views on where the industry is going. what are you thinking about regulation at this point whether it's coming on ai, how that might affect all of

a leading bitcoin miner and gpu cloud operator is building the infrastructure of tomorrow, featuringobust growth strategy that aims to double its mining capacity while accelerating gpu-on demand business. hive digital technologies. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? have we piqued your interest? you can get two unlimited lines for just $30 each a month. there are no term contracts or line activation fees. and you can bring your own device. oh, and all on the most reliable 5g mobile network nationwide. wireless that works for you. it's not just possible. ♪. larry: all right, very important, "the wall street journal" editorial reads today, the global war on the jews, anti-semitism surges even in the west, which shows why israel plus continue to exist. also in the journal today, my friend, walter russell mead writes, anti-semitism poisons america, attacks on jews are also attacks on our ideal

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a leading bitcoin miner and gpu cloud operator is building the infrastructure of tomorrow, featuringaims to double its mining capacity while accelerating gpu-on demand business. hive digital technologies. stuart: 12 minutes into the trading session, look at the do0 points. the dow is down of -- 60. chevron is sharply lower this morning, down a 5.5%. chevron is a dow stock. that is saving 55 or 60 points off the dow. so, in other words, without chevron, the dow would be dead flat. >>> the white house wasted no time taking a victory lap after the stronger than expected report of 4.9% economic growth. i'm told it's not all roses. grady trimble with us. the problems seem to be we're taking on heavy debt, is that correct? >> reporter: you're right, stu. it's the consumer who proppedded up economic growth in the third quarter, or but it is coming at a huge cost to personal finances. americans are sinking further into debt and having to dip into their savings to keep up with higher prices. is so take a look at numbers. credit card can debt surpassed $1 trillion for the first time ever last

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everybody cares about the gpus. when you buy a newlaptop, it has an nvidia processor, it's going to say gtx force or something like that on it. if they start moving into intel's territory, i just find it very difficult to believe they're going to be able to fight their way out of that one easily. >> it's interesting to hear microsoft get in the fray, too. and say, hey, guys, i -- you better have the chips ready to power our new a.i. windows. and they have the ability to push this around. the only thing that's more extraordinary about nvidia's 3480% move or 180% move this year is, i think how it's held in. that 17% pull-back off of that kind of a move and the fact that semis, through a lot of difficult questions about the economy, valuations and what not, i think those charts are still holding up. i don't love all the good news we priced in there, i'm not telling you it's going up forever. based upon what the market has done, so far, you have to give that bounce off of -- >> 409. >> 409. >> formula 409. >> funny you

she's going to say it was in my email, so i could go with it she's going to say we expect data center gpu revenue to be $400 million in the fourth quarter and exceed $2 billion in 2024 as revenue ramps. the line that stands out, is quote, this growth would make the mi-300 the fastest product to ramp to 1 billion sales in amd history. that's all they provided, but -- pretty strong statement. >> that's a strong endorsement of that product, that's fast growth >> well, and again, part of what we already heard from the company is, you should be expecting some material amount of sales in the fourth quarter, and that's why the early so far has been some disappoint that it wasn't more impressive let's -- we're going to wait and hear >> i'd add that the article in "the wall street journal" with nvidia having 5 billion orders from wchina for these chips, if they are not able to go through, might we have an inventory situation? >> stuck with it >> in general, they're going to have to sell them in the west. >> if you think their supply/demand dynamic -- >> china has been such a huge part of the deman

the f-16 and f35 fighter jets they're not even using regular regular bombs or rockets they're using gpue looking at is indeed massacre and uh you know the the body count is going. uh up uh and this is um something that is being witnessed by the international community um at this point um even uh the uss carrier that has been uh dispatched to the area, this is what the turkish president has said about that and i'm going to quote you where he says, what business is america's aircraft have in israel, what is it going to do, it is going to hit all of gaza, its surroundings, raise them to the ground and commit very serious massacres, uh, why is it? this type of approach is taken towards palestinian lives do you think? thank you for having me, it's just downr disturbing, as you have said yourself, and as a colleague in gaza says, that weapons that are being used against soldiers on one side of the world are being used against palestinians on the other side, and i think that this is a reflection of how the west, particularly the leaders of the west see the palestinians, they see them not as hu

demanded the closure of the us embassy. in the country. the us is sending lethal guided bomb units, gpus to israel as the regime continues with its bloodiest onslot against the palestinians informed sources talking, to press tv said the us is deploying a group of transport aircraft uh from its bases in both europe and asia to deliver the munitions to israel. that's based on updates from the international air traffic control center, the... bombs are the most destructive munition so far used to target both residential areas and critical infrastructure in gaza. according to the sources, the guided munitions are meant to make up for the short. of israel's iron dome missiles fired during the hamas operation, washington has deployed two aircraft carrier groups to the mediterranean so far, it has also ordered some 2,000 troops to prepare for potential deployment to support israel. international lawyer barry rossman says the west is supporting israeli onslight against palestinians and defiance of international law. the united nations general assembly has repeatedly stated that palestinians have

gpu's with a key component that enabled the process. without that, you never would have been able to scale out the way that you can today. sorry for getting a little bit too technical. to take it back up a level in how you apply a and how it will enable the industry today, it will help everyone get their work done, as long as you have the appropriate structure in place. folks that are learning how to program can go and use the copilots or large linkage model generators that can help to write code or proof it for you. it is important industry realizes you can put structures in place to make sure sources are cited. it really is being seen as a productivity enhancement tool. i see ai as being infused every day, aside from generated ai, but also in terms of helping large organizations be more efficient. there is lots of work being done in areas of document processing. i worked on a pilot to show how you could extract handwriting recognition from forms, then extracted to be used as data that can be integrated into systems. in the federal gov

and the m3 max comes to the high-end with up to 40 gpu cores and 16 cpu cores.ower end 14 inch macbook at 1599 and a refreshed imac. the pro and max are coming to the high-end pros. all of these go on sale in the coming weeks. i'm mark. haslinda: here are some other big tech stories we're following. western digital shares soared as the company splits into after talks to merge fell apart. the storage maker will spin off its flash memory business while the remaining hard disk drive unit will focus on selling to cloud data centers. first quarter sales fell on year , a better result than expected. and vmware says $61 billion merger is on track to close before and november 26 deadline. companies did not say how close they might be to approval from chinese regulators which is the last major hurdle to completing the deal. no legal impediment on the u.s. merger regulations. suffice to say for the markets it's the boj, the fed, data out of the u.s.. we are tracking in terms of companies which have already been out with their earnings, 90% of msci china companies have rep

ed: what were talking about in the choque context are gpu's that go into data centers and china, that'sre supply constrained. is it that they can sell to other nations and start ups the same product they would've otherwise sent to china? >> is not exactly the same product but a version of the same product. when we look at these providers, there is not the only avenue for exposure. microsoft has openai so when we look at capex, that's not the only piece against. you have the same thing going on with alibaba offering meta-large language model. so nvidia can get exposure to the chinese market. coming up on the program, we will have more on ai regulation in his speech is somewhat advising the white house on the technology. from here and san francisco all the way out to new york city what a week it is for earnings and the artificial intelligence story globally. this is bloomberg technology. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ah

will be who has the most scale, who has the most data, who has the most compute, gpus, who can test thatt. so from a geopolitical stand point, china, obviously, huge amounts of data, huge amounts of compute, all the right things. we thought openai/microsoft and google, amazon, they would dominate the field on language models. starting in march, that kind of changes as meta released llama into the wild and suddenly you have an llm coming out of uae for pennies on the dollar. and the whole premise that you had to build everything around a large language model and meant attach specific industry applications fundamentally changed. and the economics, i don't think there's been near enough of -- punch bowl ought to do something about how the economics have changed, number one. number two two, the whole question of how you build security, whether you bill it in, and i do think these guys have been moving so quickly on the arms race that they may not be building enough security. so that brings us to where do you go on legislation. i am very much skeptical having seen congress' 0-100 record on do

everyone has raved about the h 100 gpu from nvidia all year but i noticed this deep edit form discussion much do you take into account the feedback from those communities and your development -- in order develop myth of the product and what can -- what a can do? >> a lot. one thing we do well is we have been urging this community -- both of you should be a snapdragon insider, you may be missing out. this community is growing fast. this is over 14 million and those are tech enthusiasts. they really love the technology. they are advanced users and give us insights and we really liked that relationship. caroline: i remember when we were first coming in and sitting down a couple years ago, it was all about supply chain issues when he came to chips and how you navigated that. is there any concern when thinking about unleashing the new, more powerful, easy processors? >> the prices we had the hind us, we actually look at into the future, the most exciting thing now is how ai is developing outside of the data center. it will touch phones, touch pc's, touch cars, and we are looking maybe we have

is, they have to access these high end gpus in order to train their models and if we can continue too ccp actors, it will serve certainly in the interest of the united states. maria: i think one issue is the fact that for so long china was just stealing our innovation, right? , the intellectual property theft has been going on for decades. now i think they're at a point where they can actually build their own. >> they can. and i think what's actually a little bit scary about this new sort of a.i. revolution, the models themselves, the high end models, those are just essentially a piece of data sitting on a server and if you're able to hack into that you can essentially steal that quite easily if you have access and i think the ceo of anthro bc testified a few months ago and noted that a. there's r&d that needs to be done to protect cutting edge models. companies are spending hundreds of millions of dollars to train them and the chinese are i'm sure targeting them to try to steal them. maria: tiana. >> it's estimated that china's imtheft ip theft from the u.s. f their economy and pres

the demand for the gpu chips is extremely valuable and i think that will play through when they report. the bar continues to set higher. >> all right. we'll leave it there. we've covered a lot of ground. jason, thank you, and the guys here, dan and alex. we'll see what happens in "overtime" and in subsequent days we may lean on you. >>> will big tech earnings fuel a year-end rally? you can head to @cnbcclosingbell on x. a check on top stocks to watch as we head into the close. kristina partsinevelos is back with us today. kristina? >>> spirit aerosystems is soaring on a deal with boeing that will see higher prices paid to spirit on some parts and that should help some of the recent cash flow issues related to the fuselage problems. shares, though, are up 25%, almost 25% to date, but down 25% just over the last three months. switching gears, roku, deep in the red right now, as wells fargo analysts expect softness in the streaming player's fourth quarter reiterating equal rating and increasing to $70 a share. right now trading down 8%. and the reason for this is citing a weak ad environm

we know on the cpu and gpu side there is so much expansion on data.estion for the market is, hold on. why are we not seeing that benefit for memory chips as well? there is optimism there. alix: thanks a lot. ed ludlow joining us. you can catch ed coming up in about 90 minutes. you did not say anything about mountains, guy. i give that to you as my gift. guy: we are not talking about mountains anymore. we are over the mountains. [laughter] i have claimed the mountain, but others do as well. alix: any who. coming up, we are good to talk more about exxon, the biggest energy deal in decades, and highlights for my interview with the key players. exxon stocks still lower on the day. we will break it down more. this is bloomberg. ♪ nice footwork. man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down that field looks tough. it's a pitch. get way more into what you're into when you stream on the xfinity 10g network. >> we are about one hour into t

think of your computer, how much of the cpu and gpu do you use per day?ess than one hour. why not rent out the other unused capacity and get paid for it? that is what web three is able to do. i'm quite concerned given the harsh sort of regulatory enforcement, the lack of regulations that we cannot participate in this innovation. we have two disruptions going on now, ai and this decentralized technology disruption. ed: professor harvey, you had a book that was published on the future of finance. have you been able to carry on your writing present day? what impact has spx had on the impact ofdefi? >> what's important to understand is thatspf and ftx is not derfi. it is centralized finance. you don't give custody of your asset to anybody. you are the person who holds custody. you do not delegate. with ftx, customers delegated their custody and allegedly those funds were taken and used for a hedge fund. that's the so-called co-mingling. decentralized finances sharply -- i think this whole scandal within ftx and the other bankruptcies, we have had many crypto

so it's not just about the gpu chips that are in backlog, but nvidia's various software and cloud programs you can see on the intraday chart, the company said that export controls are already in place, versus the 30 days from october 17th that it was initially supposed to start. so that timing has been moved up, but the reaction is priced into the stock when news hit last tuesday, which is why it rebounded after this morning, kelly. incredible developments last couple of days. christina, thank you. >>> and closing bell overtime, a lot more on this story with the ceo of qualcomm in a first on cnbc interview at 4:00 p.m. eastern time. don't miss it. >>> coming up, microsoft missed on earnings only once in the past 20 quarters. alphabet is the, quote, most owned internet stock heading into the fourth quarter. we'll get you the action, stories and trade next. c'mon, we're right there. c'mon baby. it's the only we need. go, go, go, go! ah! touchdown baby! -touchdown! are your neighbors watching the same game? yeah, my 5g home internet delays the game a bit. but you get used to it. try these. th

that has driven big demand for the gpu's. we might be wrong. guy: what about advertising?is going to be fascinating. what is happening with the consumer, the labor market? it comes together in so many ways in the advertising space. ed: we look first of all to alphabet, parent company of google, and back to meda -- probably because they follow sequentially in the calendar. when alphabet reports earnings, if it is good, you see optimism going into meta earnings, because despite stories about the metaverse, their bread-and-butter is advertising. there is optimism. the u.s. economy in particular continues to defy the federal reserve. there is a readthrough on the sell side that we might see strength towards the end of the year in ads. guy: you look at the retail sales number we got earlier on, amazing. you guys are going to set us up perfectly, you and caroline. ed ludlow, caroline hyde, "bloomberg technology" in around 90 minutes time. we will turn our attention to the middle east. suki cooper is going to join us. this is bloomberg. ♪ well, we can do anything. cheesecake cook

everybody wants to know any tidbits they can givous the demand environment for the m:i:iii 00 which is the gpu soon and then next year and whatever they can give us on that. there's one more thing that i'm working for is the embedded business they bought a company a year ago called xilinx and this is a market, and intel has a piece of this they call it the psg group they're down 30% next year lattice, i don't cover lattice and they kind of blew up today the street expectations for embedded into next year look -- it's not down very much and this is one thing that i'll be watching, as well. it's the most profitable in higher margin business and something else to keep your eyes on as we go into tonight >> i want to steer your attention as we do toward nvidia because there's a lot of talk about that stock at a really key level and 400 is the line in the sand and we had a technician and i don't know if you heard our conversation or not, nothinging that there's 2% doin side minimum from here and that it's looking really dicey >> how would you address now you view the stock here. do you think it's go

will make macs more capable machines for gaming the m3 family of chips introduces a next generation gput takes the largest leap forward in graphics architecture ever for apple silicon, it starts with a new microarchitecture that has a breakthrough feature. we call dynamic caching. an industry first, utilizing state of the art. apple is accepting preorders orders for the new imac and macbook pro. macbook pro prices start at just about thousand $300. the basic version of the new imac costs slightly less than $1,300. apple will start shipping orders one week from today. hundreds of wal-mart stores are set to get a major makeover. the retailer wants a more modern look with refreshed exteriors and interiors. plus, some new tech additions. now, according to wal-mart, customers will also see more shopping carts, checkout options and more grab and go food. the upgrades are part of a $9 billion investment over two years to redesign in its 1400 plus stores . today's the last time you can stop by a beloved irish pub in oakland. slant on broadway and second near jack london square has been in busin

our models are 100 times larger than they were a year ago using large language models, gpus and that's led to relevancy issues approximately 10 percentage point lift using these models. usually you measure progress in these areas on beta points seeing 10% improvement is phenomenal a.i. is a core strength for us, driving great relevancy for users and much more performance for advertisers. we think there's a lot more to go we're in the early innings with this with much more positivity ahead. >> one question i have to ask you before we're out of time is about amazon this quarter is the first full quarter since you announced your partnership with amazon to open the doors to third-party advertising. you've said you'll see the full impact in q1 of next year. what kind of impact can investors expect from this partnership with amazon? looking beyond q1, how important will that amazon deal be for your ad revenue? >> one of the things we've done is prove out when users in a commercial mindset, which more than half users on pinterest are there to shop, ads can be great content. so, as we're leani

and nvidia, the gpu stuff, that's, like, the special sauce right now, you know what i mean?t's keeping things afloat. >> the ceo was confident sounding. confident of better growth in 2024. you don't use those words unless that's what you're seeing before. >> if you have that kind of clarity, good for him, i guess. goldman sachs added it to their buy list. $115 price target. all good things. the smh, if we have a chart going back to sort of november of 2021, textbook double top at 160. two out of the three might be on -- broadcom is holding in there, but by a thread. if the smh rolls over, the broader market has to follow. >> you talk about geopolitical, that's the thing that i'm worried most about, but the market can't quantify that. i think the chip space would be impacted to a very large extent -- >> even more so than it has been? >> i think things are going to get worse before they get better. nvidia is up 188% year to date, so, if you look at where it's support, it's closer to 400 than 420. bull if but if you look at micron, micron was looked to be affected by china to t

gpu, perhaps it is in a pedagogical university that i will find my calling.nder of russian scientific pedagogy, called konstantin ushinsky. he defended teaching in schools in russian, because at that time teachers communicated with students in the language of stendhal and muliere. but the school became free and accessible to all only in 1918, and a year later the young soviet republic decided to liquidate it. general illiteracy, study, study, and study again, that’s right, vladimir, despite the name, moscow state pedagogical university trains not only teachers, but also philologists, translators, lawyers, designers and even actors. it was the acting department, after its creation, according to vice-rector dmitry lvovich agranat, it caused a series of heated discussions, and not only among applicants. one actor is quite famous on the same page. he asks me a question: dmitrivich, how did you even live to the point of opening an acting department? i say, what is acting education? he says, what do you mean? i say, look, acting education is literature plus physica

native architectures that includes many times of -- including gpus so they can train and retrain and tune this model with the data. >> we usually say the markets give corporates a pass on currency, but does this headwind feel like it's out of the box to prior cycles? >> well, it was definitely worse than we planned because the currency effect to us was a negative 300 basis points. despite that, this year we'll grow between 4% and 6% adjusted for currency. next year we think it's 50 to 100 basis points headwind. we have done a good job managing that headwind against the hedging at the company. >> on the macro front you mentioned the delay in terms of customer making decisions, but still prioritizing? >> absolutely. >> this is going to be a different i.t. spend cycle than other recessionary or slowdown periods? >> the supply chain challenges, people put -- customers put orders ahead. now they are digesting that. the public cloud, they make capital investment and come back. we expect the second half of '24 computer business to come back. also costs will go up again. and then connectivit

residents of lemberg were cruelly mocked and herded around thousands of jews and took them to the former gpu the wehrmacht. report from the head of the political department of the first ukrainian front, s. shatilov. the arrested banderov vasyuk ivan nikolaevich testified that the detachment in which he was located attacked polish villages, stariki vyazevka, corners, in which he destroyed about 1,500 people. vasyuk himself killed 19 poles, including eight adult men, six women and five children. the extermination of the population was carried out mainly with edged weapons, axes, knives, after why the corpses were burned. gunko , in his memoirs posted on the internet, described this time when he was a teenager growing up, watching the activities of the nazis, almost with delight. in july forty-first. the german army occupied berezhany. we joyfully greeted the german soldiers. i myself turned 16 then, and the next 2 years became the happiest of my life. he decided to aggravate his happiness as a nazi and extend it by enlisting in the 14th volunteer infantry division of the wafs galicia in 1943.