number of venture funds who have signed on.ce this week, we've seen even more venture funds sign on board. we're excited about that. we're also seeing startups come to us organically saying they're interested. we're very excited about this. what we're most excited about is actually implementing this with the venture fund. that's where the real hard work begins, and we're excited to get into that with them right now. >> give me an example or a taste of what these protocols are calling for. i assume it's beyond do no evil. >> look. this is a pretty straight forward roadmap with a lot of deference to the builders and the investors here. so let me just give you a couple of examples. look. people want help so we're saying, look. get some organizational buy-in. that sounds fairly straight forward, but actually we give some concrete tips to our signatories about how you might do that. we believe it's important to foster trust through some level of transparency. transparency will be important depending on what the risks are, depending

is to bring transparency and access to venture capital. this study is all about bringing data and transparency to the experience at the earliest stage. we've now done this over five years so we have a longitudinal look at what is going on in the market. one of the most salient things that stood out is that founder sentiment overall is up year over year and it suggests that we might hit rock bottom for that receipt stage and we are seeing optimism in the market about the ability to raise capital and we are also seeing that in our fund, january ventures. q3 was one of our most active quarters and in the past few months we've made five new investments. the data backs up what we are seeing in the market. we can get into the next ta point which is the divide between male and female founders has never been bigger. men are 50% more likely to feel optimistic about raising capital, female founder sentiment is at a five-year low and women are more likely than ever to like their gender is holding them back. >> only are talking about founders and star

for more let's bring in the founder of coastal ventures, the first venture check written to openai.morning for you. thank you for your time on bloomberg technology. >> it is great to be here on a hopefully good occasion. ed: i get the sense from your posts on that for you this is a good occasion. start with your reaction to sam altman being reinstalled at openai. >> i have stated this before. i will stated ed -- estate it again. i am very happy to see sam back. he is uniquely positioned for stewardship of this important company. it is more than a company? it benefits ai to humanity in a larger way over the next few decades. i am grateful we restored it back. ed: mr. khosla you outlined se says that when the board friday fired sam altman they said fact artificial intelligence. why was that the conclusion you reached? vinod: because sam is uniquely qualified to shepherd this and has a vision over the next decade or two of what ai can do. i cannot imagine somebody else being able to step in those shoes easily and without a lot of risk to the mission of what openai was. ed: chris: --vin

i have been in the venture industry since 1999 so seen many cycles.thin crypto for the last 10 years, there have been many cycles. i am not going to lie, ftx and what happened was of such a magnitude that it did impact and have an effect on all entrepreneurs, large companies and smaller companies, in this sector. but what the jury showed is four hours to come to decision shows the evidence was so compelling that people are not going to get away with this type of fraud. i think entrepreneurs can rest easy. people who are passionate about this sector continue to build and have continued to build. downturns are notorious for giving birth to some of the most impactful companies throughout history. ed: nick carter was on the show friday and said they were offer the opportunity twice to invest in ftx but they did not feel right about it so they didn't. for sheer transparency, did you have the opportunity to back ftx or associated group and did you? >> we had an opportunity three times to invest in ftx and did not. we are early-stage investors. we like to se

thank you, george hammond, venture capital correspondent for the financial times, venture capital correspondentfor joining us. francisco. thank you for joining us— the uk chancellorjeremy hunt is said to be considering cuts to inheritance and business taxes in next week's autumn statement. mr hunt had previously said any new tax reduction would be impossible but in a bbc interview yesterday he refused to rule them out. a treasury source insisted no final decision had been made. here's our political correspondent, ione wells. well, the chancellor is going to be spending the spring and mulling over which tax or spending plan to include in his autumn statement on wednesday. it comes after he received the latest independent forecasts on friday, painting a picture of where the uk's economy is at at the moment. now, there has been lots of speculation about tax cuts, which the chancellor is considering. certainly nothing has been confirmed yet, but the big speculation has been around whether he may cut inheritance tax or certain business taxes as well. he has, in an interview with the telegraph this m

is this something that venture should be learning from?ot think we will see this ever again after the debacle that this was. getting past that, at b corp.'s, hybrid versions of what we are talking about, public corporations that are for-profit but they are meant to be doing social good, at least, i think vc's should be taking a hard look at the bylaws of the board. i have one or two in my portfolio and i'm taking a look at them right now. i do not want a situation where the board has a moral stance or an ideological stance that comes at the best interest of the company itself. there is always room on every board to talk about morality and ideology. at the end of the day you have a fiduciary duty to the shareholders. whoever it is. the has got to be met. while i am sure most b courts are ok, it seems to me that the potential for what we saw, we are talking about companies like warby parker and ben & jerry's, not just talking about no-name companies here. i am concerned and other vc's should be looking at it too. ed: i want to bring it up to

however, public polling from an organization called joint venture silicon valley suggests securing any of those funding options may not be that easy. russell hancock is the president and ceo of joint venture. >> specifically we asked about our region's struggling rail system, b.a.r.t. and caltrans. and we learned some interesting things. >> reporter: according to joint venture's poll, 57% of respondents said commuter rail needs to keep going even if it costs taxpayers more money. but when asked where that money should come from, the same percentage of people, 57%, disliked all of the available options, including raising fares, bridge tolls, and taxes. angel has been riding b.a.r.t. to work every day for the past 25 years. he told me he's a part of the other 43%, those willing to pay more if it means services aren't cut. >> this is a good idea because otherwise how can i get to my work without the b.a.r.t.? >> reporter: but debra told me the issue would be getting those who don't ride b.a.r.t. every day on board. she understands many of them are frustrated with b.a.r.t.'s handling of it

for venture capital.gy there. private markets and a big tech name. that's next. this is bloomberg technology. ♪♪ at morgan stanley, old school hard work meets bold new thinking. ♪♪ partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. 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 ed: it's time for the vc round up. in the news can -- canadian startup deep sky raised $50 million from radian firms and governments to been -- begin carbon capture in quebec aiming to suck millions of tons of emissions from the atmosphere and oceans. in japan japan's state backed foundry start up rapid will work to create semiconductor technology.

capitals or venture capital funds that can express and see these products and be able to invest theyuld invest in this company or not through the companies, that is, many of these start-up companies wish to become part of the big companies by buying shares and discussions from here. well, this exhibition is a very suitable platform for this type of work that you have provided, god willing, almost all the actors of this country's life and technology development are present in this exhibition, god willing, witness this program, god willing , mr. bagheri, we have one minute until the end of the conversation with your excellency, if there is any conclusion regarding the nano 1402 exhibition. let's run away our own promotional program is that i request all students , even though we are a special country in the field of students , to seize the opportunity in these four days and express and see the achievements and and the opportunities that this exhibition can provide for them. thank you very much for your visit, mr. baaghri, head of the tourism group of the micro technologies development

investors a one-year venture, you say russia is now number one in terms of quantity, investments, andia is number one, but if you look at the investment basket , who else puts money into the development of our country, or only russia, more and more we are in this turbulent time with no one else more than once . well, of course, russia takes up more than half of our investments, this share has been growing recently, cyprus is in second place, from the latest trends, which makes us happy that the united arab emirates is in the top five. the potential of investments in neighboring countries in general east and north africa, i would take it globally, the arab world is very high, very underutilized for belarus and this is a good sign that the arab emirates are already in the top five. we think that they are the leaders of the middle east, in terms of global investments, they will be followed by other countries, i would also mention a country like pakistan, uh, very... for it became a discovery in 2022, this year we already have two registrations of a company from pakistan, it was a little

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where are we in venture capital? >> 70 asked me if we were going to have a recession.quite sure. a significant valuation decrease, tighter liquidity and companies really having to figure out how to survive, so i think we are probably through the cycle. there will be some volatility, but for the most part, we are not seeing extreme volatility in the portfolio. kailey: back to you on the palace intrigue of openai. guy: what a fascinating weekend it was. thank you. it will be interesting to see what this story has done. there will be much more coming up. joining bloomberg technology with caroline hyde and ed ludlow, that is coming up. the s&p is up. have a great rest of the day. this is bloomberg. ♪ the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. so... i know

however, public polling from an organization called joint venture silicon valley suggests securing anythe funding options may not be that easy. russell hancock is the president and ceo of joint venture. >> specifically we asked about our region's struggling rail systems. bart and cal train. and we learned some interesting things. >> reporter: according to joint venture's poll, 57% of respondents said commuter rail needs to keep going even if it costs taxpayers more money. but when asked where the money should come from, the same percentage of people, 57%, disliked all of the available options, including raising fares, bridge tolls, and taxes. angel sambrano has been riding bart to work every day for the past 25 years. he told me he's a part of the other 43%. those willing to pay more if it means services aren't cut. >> how can i get to my work without the bart? >> reporter: but deborah told me the issue will be getting those that don't ride bart every day on board. she understands many are frustrated with bart's handling of its finances. she has too. that's why she's not only looking i

you have ventures the just announced $1.3 billion for craft ventures for growth funds, that will benefit us detail on where you see the real opportunity. >> we are all in on software, specifically business software. ai gives us tremendous opportunity. you see an explosion in a number of startups, to create new products, to change user experiences, to make operations more efficient. i integrate copilots, the cuban workers more productive. almost like the ai in the ironman suit to make it more productive. we see huge opportunities around ai. it's a fantastic time to be a software investor and we just announced 1.3 million in new funds to pursue this. liz: congratulations. during an interesting time when people are not inclined to open their wallets these days. i would be remiss if i didn't mention you are a stanford graduate and stanford has been one of the many campuses that have leadership that finds itself unable to speak out against anti-semitism. at stanford there was a lecturer who pointed out jewish students and had them separated in a class. where do you stand on being a graduate a

one is venture capital assets are just equities and that is no different than public -- venture capitalists move but if you are vc, you need to understand where rates are and what the markets will look like and that is going to impact valuations in your portfolio. secondly, let me say this, the fed is done -- the only direction of federal funds rate is going to go absent any sort of in the next few years is downwards. 5.5 right now, little higher. the federal funds rate will go down to maybe 3% to 4% to 2%. discount rates to compress by 20 basis points, that will lead to equity value expansion and that is going to be a healthy movement for a public -- comparables. that is what we are excited. a new business cycle and i i has introduced a lot of new activities in the market. this may be one of the best -- >> that is an answer i think carolyn addresses a lot of the questions our audience has. joe zhao, great to have you back on "bloomberg technology." coming up, we will talk regulation and investment in this space. caroline: let's talk about desire to be spending money on big deals. some is c

this is the fastest moving ecosystem we've ever seen in venture.r comes to you with their pitch, how much emphasis do you put on their access to computer? capital is one thing. their ability to get resources to build the thing they tell you they will build? matt: that problem has been overhyped. jensen will ramp up. number of others are coming forward with gpu capabilities. the main issue is people figuring out the way to do something innovative. the application layer especially. you can take a current application, apply llm, and it makes it smarter. a computer doing reasoning in writing, all those things are exciting. there are early stages for imagination of what is possible. that is what we see accelerate the next couple years. it is less about, can you get access to computer? what are you doing distinctive that others cannot do? caroline: you have made the right bets in the past. thank you for bringing on the next set of opportunities. musk is back at it, this time endorsing an anti-semitic post on x. this is bloomberg. ♪ thanks to avalara, we

time we will be uh, together with our partner, belaagroprom-bank, to present in moscow the topic of ventureents, investments in belarusian startups. 20 startups from belarus will come to moscow in order not only to compete for the prize, the main prize is grants from belaagprombank, but also to present their startups to the moscow venture community, it is quite powerful and we understand that this is a very good chance for belarusian startups, expand the circle of investors, for the first time we will touch on the topic, so large-scale, the topic of public... private partnership, and the dialogue will be discussed by representatives of authorities, who are interested in local authorities , who are interested in such projects, and potential investors, funds that specialize in this topic in the russian federation, this mechanism is very developed, and there are investors who already specialize exclusively in ppp projects, we will talk with those constituent entities of the russian federation who have successfully implemented this, they will share their experience, including mistakes, which is

russell hancock is the president and ceo of joint venture. >> specifically, we ask about our region's struggling rail system, b.a.r.t. and caltrain and we got some interesting things. >> reporter: 57% of respondents said commuter rail needs to keep going even if it costs taxpayers more money. when asked where that money should come from, the same percentage of people, 57%, disliked all of the available options, including raising fares, bridge tolls and taxes. angel simran has been righting b.a.r.t. to work everyday for the last 25 years. he told me he is a part of the other 43%, those willing to pay more if it means services are not cut. >> otherwise, how can i get to my work? 51 the issue is getting those who don't write b.a.r.t. everyday on board. many of them are frustrated with b.a.r.t.'s handling of its finances. she is too. that is why she is not only looking ways to secure more funding for b.a.r.t. but she is also looking into ways to cut costs on everything from future projects to labor. >> this board has refused to ask for concessions out of the labor contracts on things not

meanwhile, sheryl sandberg is back, backing cercle, through her new venture capital fund.es ai to analyze biomedical data with the goal of improving women's health care. ed: it's a good time to catch up. we think of sequoia as this juggernaut. we think about ai with you. you've been busy since we last spoke. konstantine: it's wonderful to be here. last time, you asked how we would lean into this moment? sequoia has been in the ai space for decades now. there is an amazing inflection in the generative ai revolution. we leaned in by backing excellent founders solving real problems. this year alone, we've made 20 investments in the ai space. that is 60% of our early-stage net new investments. ed: how does that differ from last year? how is that a ramp-up? konstantine: it is more than last year. we've always focused on ai, back to 1993 with nvidia, a cornerstone of the field. there's been this exciting point that's allowed us to lean into more companies in '23. this has allowed us to see users leaning into products, using them actively. lawyers leverage ai and our product, har

master agreement when that happens, so they will be negotiated as ford plants, not as ford joint ventures, which is what ford wanted. finally, if, for example, ford decides it no longer needs to transition as many people as possible and a transmission plant and they would like to transfer them to a battery plant and they make lower wages, well, those workers will go to the pay they made before and not the newer wage. host: (202)-748-8000, eastern and central time zones. (202)-748-8001 mountain and pacific time zones. electric vehicle owner, (202)-748-8002. alex is next in detroit. caller: good morning. i want to talk about i am the son of a great migration guy, my dad, in the 1950's. moved to michigan, got a job, and i got a job for gm, became a skilled tradesmen, i family did really, well, and my family is really well off as we speak. and people need to realize that as an auto worker, we really form the middle class, and it is disheartening to hear some of the negative stuff, not necessarily on the phone calls, but what people say about the golden parachutes and all the stuff that is jus

according to joint venture silicon valley, the average price for a home in the valley jumped from 7% average of 1.5 million bucks. if you break it out in a single-family home, the average is $1.9 million. many families telling joint venture, they are thinking of leaving the bay area for somewhere with a lower cost of living. that's not slowing the pace of home sales. the hottest city in the silicon valley, santa clara. prices have jumped 17% this past year. >>> this is a chance to remember the loved ones that we lost. today is day of the dead. a celebration tonight, held at the sunset mercantile. the day has its origins in central and southern america. it's a celebration of food and drink, and celebrations and singing and dancing. >> it's time to light the diversity of san francisco. it gives us space for the people that they deserve. it's bringing people together. and it's a beautiful thing to see right now. >> it is a beautiful thing. not a somber event. this is a time for celebrating and remembering the ones we've lost. this is the third year of this event. >>> let's turn things o

he's been on a fundraising drive in the middle east to try to raise funds for a new chip venture. this chip market for ai is dominated by nvidia, they control about 80% of the market. we were hearing that sam altman was looking to fund raise for a new venture to compete in that field. he could return to openai, he could continue to pursue those projects, he could do a bit of both. haidi: certainly we are watching for developments in this high-stakes and high drama story. let's look at how this is potentially fading through to a bit of directionless trading for asian markets. a bit of a mixed open, the rally in the u.s. market fueled by best the fed will wrap up. a third straight e-gov gains. -- straight week of gains. certainly we are seeing when it comes to equity futures in australia, up. hong kong looking positive. mainland china signaling losses as well. watching for china opr, a pivotal week for chinese equities. we saw chinese equities falling even as global tears continue to gain. the aussie dollar on the back foot, little edging higher when it comes to the u.s. dollar, a r

visit indeed.com/hire >>> just a stunning rise and fall that was really indicative of venture capital throughout the 2010s and the policy of zero interest rates. when everyone just clambered to get in they were willing to sustain billions and billions of dollars of losses while it reach that peak. it crashed onto be worth less than $3 billion and what i think is just as stunning is it was able to go public. the losses but over not just to the institutional investors but to the ordinary investors who will be wiped out in the bankruptcy. as for what happens next it is interesting because and go back to the early days. i covered the company closely. they had a sense of community and were doing something different. at all got out of hand. if you strip it away and do not try to say this is a technology company and try to operate it like a great real estate company you use the bankruptcy to renegotiate end leases. that could be an interesting proposition and one that he himself may be thinking about. he relays what he said with the right strategy and team. they will enable it to emerge succ

joint ventures in the region. missing, but that's it for now. today alexander lukashenko proposed to instruct the government to make specific proposals by the end of the year. ilona krasutskaya will talk about our other promising projects. russia has always been frequent guests in belarus. our initiative to develop interregional cooperation has been that very airbag at different times. but especially now, when these visits are more intense than ever, their value is even more visible. still, we have a lot. a lot in common, this excellent ground for cooperation in many areas. stavropol is a tourist region, the famous mineral waters and medicinal water of esintuki, the region, the leader in grain production in russia, an industrial center, and the nature itself and numerous health resorts attract tourists to these regions. we mainly export tractors, tractors, tires, fertilizers, food products there, and in the opposite direction we receive seeds, mineral waters and specific goods. there are certainly successes, the numbers eloquently testify to thi

we have countdown coverage of this 180 °, the first venture capitalist to invest 9 years ago, we willask about the behind-the-scenes drama, whether the company's evaluation which plummeted can reclaim that hype but first to kelly o'grady on how they have gone from fired to hired. leaving the board left him dazed and confused. >> reporter: it shows how much sam altman is in the driver's seat. sources confirmed to me this indeed began as a budding of heads between part of the board that wanted to proceed carefully and altman who was against prioritize profits. he's fired friday, two days later, welcomed by open arms by microsoft who had a $13 billion investment in the proper arm and perpetual license for all of its ip. then you've got hundreds of employees threatening to quit and altman is back in the returning hero. he said i love open ai and everything i've done the past few days has been in service of keeping this team and its mission together. interesting when microsoft jumped a strategy of togetherness. in addition to altman returning as ceo, the board has been getting, the new boa

in 1983 volkswagen set up a joint venture in shanghai and to build this sedan, especially for the chinese market. as, as volkswagen, we've also contributed to the quality level of our competitors there. with the technology work and outstanding autos we produced the customers. we've left our mark on the market there. and what though, we've certainly help bring about technological progress in the respective regions to have by the fuse you guys or not. so in essence, they helped china learn from scratch and improve the automotive industry. i teach in a tracy. yes. so for the last 20 or 30 years german car companies have been excellent teachers and set an example for the whole chinese auto industry. how the last about yeah. for decades the chinese market was dominated by german cars. the burgeoning chinese, the auto industry didn't even try to compete to make cars with conventional combustion engines. instead, for the last 2 decades, china has focused its efforts on electric drives. government policies and subsidies motivated its industry to build ever better electric cars that have left germ

was a colonialist venture that was aimed amongst other things to bring a quote and quote civilized western society into the again code and quote barbaric east, this is parts and parcel the of zionism from the very beginning, without western support, without the support of the united states in particular, but also of of nato in general, of the uk, of the european union, without all this support, the entity of israel would collapse practically overnight, probably they will probably fight what they have and what they have captured, but without western support this will falter and that is why you lot of this palestine solidarity movements are aimed not just at protesting against israel but against taking practical steps to support to to to end all support for israel and this can take very concrete measures such as trying to stop arms shipments which has happened i believe in in italy and in spain not uh quite recently but even things that are let's say a bit more wider away further away from the military part such as here in belgium where the most important university, there is a significant m

coming up, global crypto, venture funding is down.we have not seen since 20/20, we talk about it all with the latest data from pitch book, that is next. this is bloomberg technoloogy ♪. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh 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 caroline: a global crypto venture funding has had a recent low going, they're taking the time to talk to founders and go over it with the business models are and deploy capital. we talked about this last time, the pace of investing and the process of investing has been much slower. with crypto there are still regulations that they have to think about and it is nascent, all of the technology that is being built is still nascent. that is part of the slowdown those two things. caroline

happy friday. >>> elon musk has yet another business venture. a mysterious startup. we have information. we are grocery outlet and we are your bargain bliss market. what's bargain bliss? yoknow thafeeling you get when you find the name brands you love but for way, way less? that's bargain bliss. it's grocery outlet's 20% off wine sale going on now through november 7th. we have hundreds of wines sure to pair with any gathering. so act now because this deal won't last long. stop in and save today. >>> elon musk is back in the artificial intelligence business. musk cofounded openai way back in 2015. that's the company that created chat gpt. he left the board of directors in 2018. now, he is launching his own ai startup. it is called xai . the company will release its first ai model to a select group of people tomorrow. >>> an organization in the south bay is reserving affordable housing to repair and revitalization. it's called rebuilding together silicon valley. the organization ansfor homes and lives by making critical repairs to low income homes and community centers

they plan to sell off the stake in the joint venture over time. a house of retail brands. this morning goldman sachs added simon to the conviction list adding that they are poised for a combat as they expand for a post covid environment where people enjoy shopping in person. i think there is logic to the argument. goldman notes that there is strong demand and dwindling supply of high end retail space. they are bullish on simon's ability to expand into outlets. if they want to build up their outlet business in a hurry, take the proceeds to buy tanager factory outlets. that is chomp change for simon. they can buy back the stocks like they did in the third quarter when they repurchased 3.3 million shares. not huge number but it is significant. this is a company that has returned tens of billions to share holders but almost entirely via dividend. the fact that they are buying stock along side you is an immense positive. the court business is doing great. they are getting additional revenue from the retail businesses. there mall could have an upside. m

in fact, in 2022, only 2 percent of all the venture capital that came into the continent with into the hands of c, my fondest. so we've been paid list, we raised less, but we're still building businesses. i think we're doing more than everybody else. a few weeks ago nadia massage e and her business partner opened africa's 1st co working hub for women in stem, complete with a children's play room at this event, participants are trying to raise venture capital for this desktops. the problem is that women overly mentored, and under the funded have so stuff, mentoring us actually give us contacts, made us look in your company as give the context of women on companies. because then you create sustainable business. because what we doing right now is for sugar coating we window dressing, which in the washing in a lot of cases a sten stands for science, technology, engineering, and mathematics. the organization go high, wants to encourage more women to enter these fields. it's found about a ton. mia has been teaching goals to code for 20 years to also lends a helping hand in other areas. due t

at this event, participants are trying to raise venture capital for this desktops. the, the problem is that women overly mentored, and under the funded have so stuck mentoring us actually give us contacts, made us look in your company as give the context of women on companies. because then you create sustainable business. because what we doing right now is for sugar coating we window dressing, which in the washing, in a lot of cases stem stands for science, technology, engineering, and mathematics. the organization go hi wants to encourage move women to enter these beings. it's founded by the time mia has been teaching goals to code for 20 years to also lends a helping hand in other areas. her daughter took who now runs the coding classes. they've already reached more than a 1000000 goes through they programs every year that has gone through gal hi, know, should be able to decide. i want to be in tech. he's and way in the house. but at the same time, even if i take it should in web of them because we have support that's what happens in workshops like these taco has

according to joint venture silicon valley, the average price for a home in the silicon valley jumped by 7% last year to an average of $1.5 million. now if you break out a single family homes, the average is $1.9 million. many families telling joint venture they're thinking of leaving the area for somewhere with a lower cost of living. but that's not slowing down the pace of home sales. the hottest city within the silicon valley is santa clara. prices have jumped 17% this past year. >>> well, here is a hot topic. our pg&e bills could go up in a big way. state regulators were set to vote tomorrow on a request from pg&e to raise your power bill. however we have just learned within the hour that that vote might be tabled buzz of all the pushback. but even if that happens, the vote would happen in two weeks from now. the numbers keep fluctuating here. pg&e's initial request was for a 26% increase. that's a big deal. the latest proposal is now about a 12% increase. either way, that's double-digits. this could translate to an increase of between 20 to 50 bucks for the average monthly bill.

, in china we already have the slutsk dairy plant creating a joint venture, the charter has already beenlready a reality, and in addition to the previous question, i want to say that when we have representatives from far...abroad, how do you turn out the countries, it is representatives of the government who visit our processing facilities and ask: is this a state-owned plant? we say, yes, everything changes immediately for them, their worldview about our products immediately, they already have a dash equals a guarantee of quality, so if they know what it is our plant is state-owned, like medicine, in principle we have a state-owned one, they have the same quality of products, guaranteed quality of products and the second point is guaranteed cooperation ... not with commercial companies, with those enterprises for which we have government control levers, the question is this: when we installed our combine harvesters everywhere, now , as far as i understand, the time has come when combine harvesters may not be taken, spare parts are taken, so we are ready for the fact that, well, i unders

i don't know if all venture firms follow the same valuation marks we do. some on book they haven't taken the medicine and mark the down their portfolios. >> if we are turning the corner on the cost of money, if valuations are bottoming and if you think things are as cheap as they're going to get >> that's hard for me to focus we're involved with companies for so long. we take a decades long view when we partner with companies and we can't trade in and out of stocks we're focused on long-term valuations in these companies. >> will it reflect a turn in deal volume ordeal count >> that really depends on founders coming up with great ideas, honestly. the deal count was down dramatically in 2022 i think the whole world was in shock. this year activity has picked up dramatically the number of investments we have made has more than doubled over the previous year we're seeing tremendous activity in and around a.i. an area that is so exciting and brims with promise. >> where are we in that cycle? how has it pucked the broader trend around valuations? >> well, i say

elon musk started the venture over the summer.a day after he reiterated that ai poses an existential threat to humanity in the u.k. at the ai safety summit. a new bipartisan bill is in charge of deploying ai safety standards and is proposed by two u.s. senators to provide federal agencies with safeguards for ai which they would be required to adapt. the bill is expected to be introduced in the house. ed: yelp shares are popping. joining us now is the cfo of yelp. analysts are basically saying you are a juggernaut, 10th street quarter of double-digit revenue growth and what keeps that going? >> it's good to be here. it's a 10th street quarter of double-digit growth for us. that's been against a backdrop of what has certainly been a challenging environment for digital advertising. it starts with consumers, tens of millions of consumers come to yelp every month for our trusted reviews. we are a household brand. they might be making critical decisions if you are spending a lot on remodeling your kitchen, you want to choose someone who

the bottom line is, you know, this joint venture is one where one partner is robbed, the other one blind our intelligence and the facts tell us is that a rising china has been built on the intellectual property theft and economic and military espionage and the trillions of dollars over the years. and, you know, this just really underscores that joe biden and this administration has been soft on china, just as they have been soft everywhere with all of our adversaries, iran and russia, china advanced around the globe, their positions have improved since joe biden has been president and it's why china will be working to influence and interfere the election in 2024. they want joe biden to continue to be a weak u.s. president. hour lawyer our own state department warned about what china is next year that's the state department. john, it's always great to see you. thank you. in iceland, city streets are cracking in half and steam is pouring into the air and fears of an immediate volcanic explosion are growing. joining me with all the details is fox weather correspondent max gorden. max, what

sarah: i do early stage ventures and they are out of range, so that is all i will say.ity is i think this is going to be a moment where the investors around the table say, look, we played by your rules, started as a nonprofit, you had this profit model, you had this board that do not directly oversee -- wasn't necessarily a fiduciary to the four-profit arm. if sam comes back, that is going to change. possibly in a good way for him. but probably in a way that is a bit more investor- and for-pro fit-friendly as well. caroline: early outlook right now, there was this thesis where we thought that sam was going to be sticking with microsoft, that openai talent may not go there. they may create their own businesses. are you seeing as much exuberance about building ai companies and the smaller check range at the moment? sarah: it is structurally harder to build a true ai company. foundational models, it takes billions and billions of dollars worth of compute power. we have heard reports of vc's who are going out and getting compute space, buying chips, ai chips, so they can us

in fact, in 2022, only 2 percent of all the venture capital that came into the continent with into the hands of c, my fondest. so we've been paid less, we raise less, but we're still building businesses. i think we doing more than everybody else. a few weeks ago nadia massage g and who business partner opened africa's 1st co working hub for women in stem, complete with a children's play room at this event, participants are trying to raise venture capital for this task. that's the problem, is that women overly mated and under the funded so stuff mentoring us actually give us contacts, made us look in your company as give the context of women on companies. because then you create sustainable business. because what we doing right now is the sugar coating. we window dressing, which in the washing, in a lot of cases, a stem stands for science, technology, engineering, and mathematics. the organization go hi wants to encourage move women to enter these beans. it's found about a ton. mia has been teaching goals to code for 20 years to also lends a helping hand in other areas. due to a tool ca