CES Expectations, Fubo Shares Jump on Disney Deal | Bloomberg Technology
ANNOUNCER: FROM THE HEART OF WHERE INNOVATION, MONEY, AND POWER COLLIDE IN SILICON VALLEY AND BEYOND, THIS IS "BLOOMBERG TECHNOLOGY" WITH CAROLINE HYDE AND ED LUDLOW. ♪ CAROLINE: LIVE FROM NEW YORK, THIS IS "BLOOMBERG TECHNOLOGY." COMING UP, IT KICKS OFF IN LAS VEGAS TODAY WITH A KEYNOTE SPEECH FROM NVIDIA. WE WILL HAVE THE LATEST ON WHAT TO EXPECT. DISNEY AND FUBO AGREED TO COMBINE ONLINE BUSINESSES CREATING THE SECOND-BIGGEST DIGITAL PAY-TV PROVIDER SENDING FUBO SHARES SOARING. DETAILS ON TIKTOK LATER THIS HOUR.
WE HAVE BREAKING NEWS REGARDING THE FEDERAL RESERVE. MICHAEL BARR WILL BE STEPPING DOWN AS FED VICE CHAIR FOR SUPERVISION, A KEY MOVE. WE WANT TO BRING IN MICHAEL MCKEE. THAT COULD BE A DISTRACTION. A NEW ADMINISTRATION MEANS A NEW CHANGE IN LEADERSHIP AT THE FED? MICHAEL: THE INCOMING TRUMP ADMINISTRATION WILL BE LESS SO.
MICHAEL BARR IS STEPPING DOWN FEBRUARY 28 AND SERVE UNTIL HIS SUCCESSOR COMES. CAROLINE: PRIME MINISTER JUSTIN TRUDEAU SPEAKING IN OTTAWA. LET'S LISTEN IN. PRIME MINISTER TRUDEAU: TO STRENGTHEN THE MIDDLE CLASS, TO ADVANCE RECONCILIATION, TO DEFEND FREE TRADE ON THIS CONTINENT, TO STAND STRONG WITH UKRAINE AND OUR DEMOCRACY, AND TO FIGHT CLIMATE CHANGE AND GET OUR ECONOMY READY FOR THE FUTURE. WE ARE AT A CRITICAL MOMENT IN
THE WORLD. [SPEAKING FRENCH] [SPEAKING FRENCH] MY FRIENDS, AS YOU ALL KNOW, I'M FIGHTER. EVERY BONE IN MY BODY HAS ALWAYS TOLD ME TO FIGHT BECAUSE I CARE DEEPLY ABOUT CANADIANS. I CARE DEEPLY ABOUT THIS COUNTRY. AND I WILL ALWAYS BE MOTIVATED
BY WHAT IS IN THE BEST INTEREST OF CANADIANS. AND THE FACT IS, DESPITE BEST EFFORTS TO WORK THROUGH IT, PARLIAMENT HAS BEEN PARALYZED FOR MONTHS AFTER WHAT HAS BEEN THE LONGEST SESSION OF A MINORITY PARLIAMENT IN CANADIAN HISTORY. THAT IS WHY THIS MORNING, I DEVISED THE GOVERNOR GENERAL THAT WE NEED A NEW SESSION OF PARLIAMENT. SHE HAS GRANTED THIS REQUEST. THE HOUSE WILL NOW BE PRO ROBED UNTIL MARCH 21. OVER THE HOLIDAYS, I HAVE HAD A CHANCE TO REFLECT AND HAD LONG TALKS WITH MY FAMILY ABOUT OUR FUTURE.
THROUGHOUT THE COURSE OF MY CAREER, ANY SUCCESS I HAVE PERSONALLY ACHIEVED HAVE BEEN BECAUSE OF THEIR SUPPORT AND WITH THEIR ENCOURAGEMENT. SO LAST NIGHT OVER DINNER, I TOLD MY KIDS ABOUT THE DECISION I AM SHARING WITH YOU TODAY. I INTEND TO RESIGN AS PARTY LEADER, AS PRIME MINISTER AFTER THE PARTY SELECTS ITS NEXT LEADER THROUGH A ROBUST, NATIONWIDE, COMPETITIVE PROCESS. LAST NIGHT, I ASKED THE PRESIDENT OF THE LIBERAL PARTY TO BEGIN THAT PROCESS. THIS COUNTRY DESERVES A REAL CHOICE IN THE NEXT ELECTION AND IT HAS BECOME CLEAR TO ME THAT IF I AM HAVING TO FIGHT INTERNAL BATTLES, I CANNOT BE THE BEST OPTION IN THAT ELECTION. [SPEAKING FRENCH] CAROLINE: JUSTIN TRUDEAU, THE PRIME MINISTER OF CANADA, NOW HANDING IN HIS RESIGNATION AS THE LEADER OF HIS PARTY. THERE IS AN OFFICIAL SUSPENSION
OF PARLIAMENT IN CANADA UNTIL MARCH 24. WE WILL TURN TO ALL OF THE NEWS WHEN IT COMES TO POLITICS IN CANADA. CANADA WILL PROROGUE PARLIAMENT UNTIL MARCH 24. PARLIAMENT WILL BE SUSPENDED AS HE ANNOUNCES HIS RESIGNATION AFTER NINE YEARS IN POWER. HE SAYS HE WILL STAY AS PRIME MINISTER UNTIL A NEW LIBERAL LEADER IS CHOSEN. HIS RESIGNATION ANNOUNCEMENT IS NOT. THE ONLY. ONE.
WE RETURNED TO MICHAEL MCKEE BECAUSE MICHAEL BARR HAS STEPPED DOWN AS VICE CHAIR OF SUPERVISION BUT IS NOT RESIGNING FROM THE FEDERAL RESERVE. JUST THE VICE CHAIR POSITION. MICHAEL: IT HAS BEEN THOUGHT SHE WILL NOT BE REPLACED. THE INCOMING PRESIDENT WILL NOT HAVE THE OPPORTUNITY TO PICK A DIFFERENT NEW VICE CHAIR FOR REGULATION. HE CAN ONLY PICK FROM THOSE ON THE BOARD. THE BEST GUESS IS IF YOU WERE GOING TO CHOOSE SOMEONE FROM THAT BOARD IT WOULD BE NIKKI BOWMAN BECAUSE SHE HAS BEEN THE COMMUNITY BANK REPRESENTATIVE PITCH IS A REPUBLICAN SO SHE FITS SOME CHARACTERISTICS THE PRESIDENT WOULD WANT. THE OTHER KEY THING ABOUT THIS IS THE FED SAYS IT WILL TAKE NO NEW ACTIONS FOR BANK REGULATION UNTIL A SUCCESSOR IS CONFIRMED.
THAT WOULD SEEM TO INDICATE THE ENDGAME PROPOSAL THAT HAS BEEN THE BIG FOCUS ON WALL STREET IS ON LIFE-SUPPORT AT THIS POINT. CAROLINE: WE WILL GET TO SOME STOCK CREATE REACTIONS ON THE BANKS. MICHAEL: THE FED WAS SUPPOSED TO ANNOUNCE IN JANUARY OR FEBRUARY THE LATEST BASEL III WORKUP BECAUSE THEY PULLED IT BACK FOR REVISIONS. NOW APPARENTLY THAT IS NOT GOING TO HAPPEN. CAROLINE:
YIELDS STILL THREE BASIS POINTS TO THE HIGHER SIDE. THAT IS BASED ON TARIFF PERCEPTIONS AND WHETHER THEY WILL BE PULLED BACK OR PUT IN FORCE. YIELDS ON THE DOWNSIDE. KEEPING A CLOSE EYE ON BANK STOCKS ON THE BACK OF MICHAEL BARR'S RESIGNATION OF VICE CHAIR OF THE FED WHEN IT COMES TO SUPERVISION. LET'S GET BACK TO THE TECH MARKET SPRAYED WE ARE AT RECORD HIGHS ON CERTAIN NAMES. THE NASDAQ UP ANOTHER 1.7%. WHAT DRIVES IT HIGHER? BEING PUSHED HIGHER BY NVIDIA. WE ARE AT A NEW RECORD HIGH ON
NVIDIA AT THE MOMENT. FUBOTV, AN EXTRAORDINARY MOVE FOR THIS COMPANY AS WE AGAIN SEE 2025 KICKOFF AND M&A FRENZY AND CONSOLIDATION IN MEDIA. THIS IS ABOUT. HOW YOU WILL BE CONSUMING SPORTS. LIVE TV ONLINE.
WE ARE GETTING THE SECOND-BIGGEST PLAYER WHEN YOU COMBINE DISNEY AND FUBO, REALLY ONLY SECOND TO YOUTUBETV. WE WILL DELVE INTO THAT LATER. MICROSOFT INTERESTING. THEY WILL BE SPENDING $80 BILLION IN AI DATA CENTERS. MANY SAYING THIS IS WHY WE HAVE TECH RALLYING MORE BROADLY. NVIDIA AT A NEW RECORD HIGH UP 5% RATE WE ARE EXPECTING A KEYNOTE AT 6:30 PACIFIC, 9:30 EASTERN. LET'S GET OUT TO IAN KING FOR MORE. WHAT DO WE EXPECT?
>> WE DO NOT KNOW YET. THERE WILL BE BRIEFINGS AND HE WILL HIT THE STAGE LATER TODAY. WE HAVE SEEN SOME LEAGUES OF A NEW -- WE HAVE SEEN SOME LEAKS OF A NEW P.C. MARKET. IT USED TO BE THEIR PRIDE AND JOY. NOW IT IS A MINOR THING. WE REPORTED A LONG TIME AGO THAT THIS WOULD BE THE YEAR THEY WOULD DIRECTLY GET INTO THE P.C. MARKET, INTO THE CPU MARKET. CAROLINE: NOT THE ONLY ONE.
QUALCOMM AS WELL. IT IS ALL ABOUT THE AI PC UNFOLD. IAN: THE HOPE IS THIS IS SOMETHING EXCITING, THIS IS A NEW WAY TO USE YOUR P.C. AND EVERYONE WILL RUSH OUT TO TRADE IN THEIR OLD MACHINE. EVERY CHIPMAKER IS SAYING WE HAVE THE BEST SOLUTION FOR THIS WAY OF DOING THINGS. CAROLINE: YOU HAVE GOT TO INCLUDE A BRILLIANT PIECE ABOUT THE CONVERSATIONS GOING ON OUTSIDE THE MAIN FLOOR OF LAS VEGAS.
IAN KING SAN FRANCISCO, THANK YOU WITH A LOOK AHEAD TO THE KEYNOTE FROM NVIDIA'S CEO TONIGHT. THIS WAS FROM EARLIER. >> EVERYBODY SHOULD CARE ABOUT JENSEN HUANG BECAUSE HE IS THE MOST IMPORTANT IN 2025 TWO EVERYBODY'S RETURNS NO MATTER WHAT MARKET YOU ARE INVESTING IN RIGHT NOW. NVIDIA IS THE DRIVER OF EVERYTHING. CAROLINE: LET'S GET MORE INVESTOR ANALYSIS. ALL HOPES ON 6:30 PACIFIC? >> CLEARLY, JENSEN WILL HAVE A LOT TO SHARE WITH THE INVESTOR BASE. HE HAS A LOT OF GOOD STORIES TO
TELL. AI DEMAND IS NOT ABATING. NEWS FROM MICROSOFT LAST WEEK SHOWS HOW MUCH MORE THERE IS TO BE SPENT. HIS TALK WILL LIKELY ALSO HIT PLENTY OF OTHER COMPANIES MORE INVOLVED IN ROLLING OUT AI LOCATIONS, WHETHER IN ROBOTICS, AUTOS, DIGITAL TWINS, OR ELSEWHERE. CAROLINE: TALK ABOUT HOW NVIDIA CAN OMIT. BUT HAS BEEN PHENOMENAL IS THE WAY -- TALK ABOUT THE WAY NVIDIA CAN OWN THAT.
HOW DOES HE CONTINUE TO ITERATE THAT INTO THE ERA OF APPS? JOANNE: IT HAS BEEN A LONG TIME COMING. THE DEVELOPMENT OF THE NVIDIA-SPECIFIC SOFTWARE FOR BUILDING COMPUTATIONAL MODELS. HE HAS BEEN WORKING ON THAT FOR DECADES. IT IS NOW FULLY INTEGRATED INTO
THE HARDWARE. THAT CREATES A DEEP MOTAT WHICH IS WHY IT IS HARD FOR OTHER COMPANIES TO BREAK IN. IT CREATES A STRONG PLATFORM FOR NVIDIA. WE EXPECT TONIGHT HE WILL TALK
MORE ABOUT HOW HE IS GOING TO ROLL OUT MORE DATA CENTERS TO RUN AI MODELS FOR OTHER FOLKS. HE WILL NOT BE CONTENT TO STICK WITH THE HARDWARE AND SOFTWARE. HE WANTS TO GET INTO SERVICES TO SOME EXTENT. IT HAS NOT BEEN SOMETHING NVIDIA #AWAY FROM IN THE PAST, COMPETING WITH CUSTOMERS.
CAROLINE: WHAT NEW ARE YOU HOPING TO SEE? JOANNE: CES IS ALWAYS FULL OF DREAMWARE AS SWELL AS REALITY. EBONICS -- ROBOTICS NEED TO BECOME SMARTER AND MORE PHYSICALLY ADEPT AND GRACEFUL. WE THINK AI CAN HELP IN SENSING THE ENVIRONMENT AND RESPONDING TO IT.
ANOTHER AREA MORE OVERLOOKED IS DIGITAL TWINS. THIS IS WHEN YOU BUILD A MODEL TO REPLICATE SOMETHING IN THE PHYSICAL WORLD AND USE THAT TO SAVE ON COSTS, TO IMPROVE DESIGN, WHETHER THAT IS A PRODUCT, A BUILDING, INFRASTRUCTURE. WE THINK AI CAN INFORM AND MAKE THAT MORE EFFICIENT AND IMPROVE DESIGNS.
WE OWN A COMPANY CALLED BENTLEY SYSTEMS THAT PROVIDES SOFTWARE FOR MANAGEMENT AND DEVELOPMENT OF CONSTRUCTION AND PROJECTS IN THE INFRASTRUCTURE SPACE. THAT IS AN EXAMPLE OF A COMPANY THAT COULD BE A GROWING BENEFICIARY OF THE INFILTRATION OF AI INTO THAT AREA. CAROLINE: WE LOVE HOW YOU BRING UP INDIVIDUAL NAMES. YOU ALSO MENTIONED AMD. WHO ELSE WINS WHEN IT COMES TO WHAT HAS BEEN THE NVIDIA RIDE? JOANNE: CLEARLY, AMD PROVIDING CHIPS. BROADCOM WE HAVE OWNED FOR A LONG TIME.
AS THEY CONTINUE TO ACQUIRE NEW CAPABILITIES, WE THINK THAT WILL CONTINUE TO BE A STRONG PLAYER IN THE SPACE AND HAVE A LOT MORE ROOM FOR EVALUATION TO IMPROVE. NO APPLICATIONS IN HEALTH CARE, COMPANIES -- NEW APPLICATIONS IN HEALTH CARE, COMPANIES THAT PROVIDE NEW WAYS TO MONITOR HEALTH, NEW MEDICAL DEVICES THAT WILL BRING SMARTER ANALYTICS. AND INDUSTRIALS, WHETHER IT IS THE INFRASTRUCTURE BILL OR SOFTWARE TO OVERSEE CULTURAL DEVELOPMENT, THAT SORT OF THING. THERE ARE A LOT OF
OPPORTUNITIES SPRAYED WE DO LIKE THE BIG NAMES, MICROSOFT, AMAZON. ONLINE RETAIL IS STILL GAINING SHARE. THERE IS STILL A LOT OF OPPORTUNITIES IN THE TECH SPACE FOR CONTINUED GROWTH THIS YEAR. CAROLINE: JOANNE FEENEY, BRILLIANT TO HAVE YOUR TAKE ON THE TRENDS AND INDIVIDUAL COMPANIES. WE WILL BE TALKING TRUMP'S
TARIFF POSITION. THE PRESIDENT-ELECT DENYING REPORTS OF POTENTIALLY PARING BACK HIS TARIFF PLANS. WE RETURN TO ANOTHER KEY LEADER WHO TODAY RESIGNED HIS POSITION AS LIBERAL PARTY LEADER. JUSTIN TRUDEAU. THE CANADIAN PARLIAMENT WILL BE SUSPENDED UNTIL MARCH 24. THIS IS "BLOOMBERG TECHNOLOGY." >> YOU SPOKE ABOUT THE LIBERAL PARTY AS AN INSTITUTION AND THE INTERNAL BATTLES RIGHT NOW. I AM WONDERING IF YOU FEEL
CAROLINE: TODAY, THE WASHINGTON POST REPORTED PENDING ELECTRONIC'S -- PRESIDENT-ELECT TRUMP'S AIDES ARE LOOKING AT SOMETHING HE HAS DENIED SAYING IT IS CORRECT. LET'S GET TO MIKE SHEPARD FOR MORE. WHERE ARE WE ON THE LATEST OF THE TARIFF DEBATE? >> IT IS UNFOLDING STILL. THIS IS ONE OF THE BIGGEST QUESTIONS SURROUNDING THE INCOMING TRUMP ADMINISTRATION ECONOMIC POLICY TOGETHER WITH HIS PLANS TO CUT TAXES AND ON IMMIGRATION COULD THIS WILL AFFECT KEY INDUSTRIES, ESPECIALLY TECH, AND YET WE DO NOT HAVE A CLEAR PICTURE ON THE BACK AND FORTH.
INDUSTRIES WILL BE LOOKING AT WHAT TARIFFS COULD BE MEANING FOR THEM. NUMBER ONE WOULD BE THE INCREASED COSTS OF ANY INPUTS THEY HAVE IN THEIR PRODUCTION LINES. THE OTHER THING THEY WILL BE WORRIED ABOUT HIS POSSIBLE RETALIATION BY U.S. TRADING PARTNERS. IT COULD MEAN U.S. PRODUCTS, ANYTHING MADE BY APPLE OR OTHER NAMEBRAND AMERICAN COMPANIES, COULD BE HIT OR TARGETED IN RETALIATION IN RESPONSE TO WHAT TRUMP DOES. TRUMP STILL DOES NOT TAKE OFFICE FOR ANOTHER TWO WEEKS. THIS WILL TAKE SHAPE OVER A
MATTER OF MONTHS. NOT JUST IN THE TIME BETWEEN NOW AND JANUARY 20. CAROLINE: MIKE SHEPARD WILL BE OUR DAILY GHOST UNTIL THAT TIME AND ONWARDS. LET'S TALK ABOUT POLITICS MORE. ELON MUSK IS UNDER SCRUTINY BY SENIOR U.K.
POLITICIANS AFTER THE TESLA BOSS MADE A SERIES OF INFLAMMATORY MARKS ACCUSING KEIR STARMER OF BEING INVOLVED IN A DECADES-OLD SCANDAL OVER CHILD EXPLOITATION GANGS. THIS IS FOLLOWING A BARRAGE OF POSTS ON HIS OWN SOCIAL MEDIA PLATFORM WHERE HE HAS BEEN CALLING FOR PRIME MINISTER KEIR STARMER TO BE IMPRISONED. HE HAS BEEN URGING THE RELEASE OF TOMMY ROBINSON, A FAR-RIGHT LEADER. WHY IS HE GETTING SO INVOLVED? >> I THINK TWO THINGS ARE GOING ON. PROBABLY THE MOST IMPORTANT THING IS ELON MUSK IS STIRRING THE POT ON SOCIAL MEDIA.
HE LIKES TO BE A PROVOCATEUR. HE GOES WHEREVER THERE IS HEAT. WE SAW THIS DURING THE 2024 ELECTION WHERE HE WAS SPREADING UNFOUNDED CONSPIRACY THEORIES, BACKING QUESTIONABLE FIGURES, THE SAME PLAYBOOK WE ARE SEEING IN THE U.K. THE DIFFERENCE IS ELON MUSK LIVES IN THE UNITED STATES AND HAS MORE EXPLICITLY ENGAGED. WE HAVE A GUY THAT DOES NOT HAVE A TON OF BUSINESS INTERESTS IN THE U.K. GETTING INVOLVED. INITIALLY BACKING NIGEL FARAGE'S PARTY, NOW COMING OUT AGAINST NIGEL FARAGE.
IF YOU LIKE A COMBINATION OF STIRRING THE POT BUT ALSO PERHAPS HAVING A REAL'S AGREEMENT WITH KEIR STARMER OVER SOME SPEECH RIGHTS. X HAS HAD BACK-AND-FORTH WITH THE BRITISH GOVERNMENT OVER HOW THEY SHOULD REGULATE MISINFORMATION AND THAT SORT OF THING. CAROLINE: KEIR STARMER NOW SPEAKING BACK. HE HAD BEEN RELATIVELY SILENT. HE SAYS A LINE HAVE BEEN CROSSED WHEN IT COMES TO THE SAFETY OF ONE OF HIS M.P.'S. AWAY FROM THE INTRICACIES OF
WHAT IS GOING ON IN THE U.K., HOW DOES IT AFFECT ELON MUSK'S RELATIONSHIP WITH TRUMP GOING FORWARD? AS WE REPORTED, THESE U.K. SENIOR FIGURES ARE COMING OUT AND SAYING THIS IS BAD FOR THE U.S.-U.K. RELATIONSHIP. >> I THINK PEOPLE IN THE U.K. REALIZE ELON MUSK AND DONALD TRUMP ARE DIFFERENT PEOPLE. THERE MAY BE A CLOSE
RELATIONSHIP. TRUMP WILL MAKE HIS OWN POLICY. HISTORICALLY, TRUMP HAS CULTIVATED TIES WITH EXTREME FIGURES WHO WOULD SOMETIMES COME OUT AND STIR THE POT. IT ALMOST GIVES TRUMP A WEAPON DEALING WITH U.K. POLITICIANS. TOMMY ROBINSON IS A VERY EXTREME FIGURE, FAR-RIGHT FIGURE.
THE BACK-AND-FORTH WITH F ARAGE SHOWS IT IS POSSIBLE HE CROSSED A LINE AND DID NOT KNOW WHAT HE WAS STEPPING INTO. CAROLINE: WE WILL SEE HOW THIS CONTINUES TO UNFOLD. THANK YOU. COMING UP, DISNEY AND FUBOTV AGREED TO MERGE THE ONLINE LIVE TV BUSINESSES CREATING THE SECOND-BIGGEST PAY-TV PROVIDER. FUBO SHARES RALLY HARD. THAT NEXT. CAROLINE: DISNEY AND FUBO ARE NEARING A DEAL TO COMBINE THE ONLINE LIVE TV BUSINESSES. WE UNDERSTAND DISNEY WILL BE FOLDING IN THE HULU + LIVE TV BUSINESS INTO FUBO CREATING A NEW VENTURE THAT WILL BE OWNED 77% BY DISNEY AND THE REST BY FUBO.
IT CONTINUES TO BE LISTED ON PUBLICLY TRADED BENCHMARKS. IT IS A PRETTY COMPLEX DEAL. THE KEY TAKEAWAY IS THE NEW SPORTS OFFERING WILL BE ABLE TO GO AHEAD.
>> FUBO HAD SUED TO BLOCK THE VIEW OF THE JOINT VENTURE BETWEEN DISNEY, FOX, AND WARNER BROS. DISCOVERY. THEY SAID IT WAS A SIGN OF THE ANTICOMPETITIVE NATURE OF THE BIG COMPANIES BECAUSE IT WAS GOING TO OFFER A BUNDLE OF SPORTS SHOWS FUBO WOULD NOT LET THEM DO. THEY BO WONAN INJUNCTION TO STOP IT AND ARE GETTING ACQUIRED FOR A BUNCH OF MONEY. CAROLINE: IT SENDS SHARES ROCKETING. WHAT DOES IT MEAN IN TERMS OF HOW THEY CAN SURVIVE THE ON AND OFF SWITCH OF SUBSCRIPTIONS? >> BOTH FUBO AND HULU'S LIVE TV SERVICES ARE UNPROFITABLE ACCORDING TO MY NUMBERS. 6.2 MILLION MAKES IT THE SECOND-BIGGEST AMONG THE DIGITAL ONLY PAY-TV COMPANIES AND MAKES IT FIVE OR SIX TOTAL. YOU STILL HAVE YOUTUBETV,
COMCAST CHARTER, AND SATELLITE COMPANIES AHEAD OF IT. CAROLINE: M&A THE WATCHWORD FOR 20 AND KICKS OFF STRONG WITH THIS PARTICULAR DEAL. LUCAS SHAW ALL IN ON THE CONSIDERATION AROUND CONVERGENCE. TIKTOK HIT WITH ANOTHER LAWSUIT FROM THE STATE OF UTAH ON ITS LIVESTREAM FEATURE. WE WILL DISCUSS NEXT. THIS IS "BLOOMBERG TECHNOLOGY." ♪ CAROLINE: WELCOME BACK TO "BLOOMBERG TECHNOLOGY." I AM CAROLINE HYDE IN NEW YORK.
A QUICK CHECK ON MARKETS. WE ARE HIGHER ON THE NASDAQ 100 UP 1.7%. THE MAGNIFICENT SEVEN LEAD US HIGHER. NVIDIA UP TO A NEW RECORD HIGH.
MICROSOFT, AMAZON, KEY NAMES BIGGEST CONTRIBUTORS TO THE UPSIDE. WE ARE ALL IN ON AI INFRASTRUCTURE AS WE LOOK AHEAD TO JENSEN HUANG'S KEYNOTE LATER TODAY. BITCOIN ALSO ON FIRE. $102,000, STILL OFF THE RECORD HIGH BUT CLAWING BACK SOME NEW YEAR'S EVE LOSSES. LET'S DIG INTO A COMPANY THAT IS NOT TRADED, TIKTOK, AND ITS DARKER SIDE. THERE IS A LAWSUIT IN THE STATE OF UTAH ALLEGING TIKTOK HAS LONG KNOWN IS POPULAR VIDEO LIVESTREAMS ENCOURAGES SEXUAL CONTENT INCLUDING STREAMS EXPLOITING AND GROOMING MINORS. TIKTOK DISCOVERED THROUGH AN INTERNAL INVESTIGATION TIKTOK LIVE FACILITATED MONEY LAUNDERING AND ALLOWED VIEWERS TO BUY AND SELL DRUGS AND FUN TERRORISM.
THIS IS ALL THIS AFTER WE GET MORE DETAIL ON A LAWSUIT BROUGHT BY UTAH AND OTHER STATES. WE HAVE YET TO SEE THE DETAILS. WHAT HAVE YOU LEARNED? >> TO YOUR POINT, IT HAS TAKEN A LOT OF TIME FOR THIS TO COME TO LIGHT. I REPORTED ON TIKTOK LIVE AND SOME OF THE ISSUES YOU CITED IN 2022. WE ARE NOW EARLY 2025. THE PLATFORM IS MUCH BIGGER NOW. IT IS MUCH MORE FAR-REACHING. THERE ARE MUCH MORE YOUNGER DEMOGRAPHIC ON THE PLATFORM.
THE INTERNAL INVESTIGATION FOUND THAT TIKTOK WAS VERY AWARE OF A LOT OF THE ISSUES WE REPORTED ON IN 2022 EXCEPT THAT THE ISSUES WERE MUCH LARGER AND THERE WAS MUCH MORE SCALE TO THE ISSUES THEN WE WERE AWARE OF. THEY FOUND THERE WERE HUNDREDS OF THOUSANDS OF MINERS WHO WERE NOT SUPPOSED TO BE USING THE TIKTOK LIVE FEATURE AT ALL WHO WERE NOT ONLY USING IT BUT ALSO USING IT MAKING MONEY OFF OF IT AND THEY WERE ESSENTIALLY BEING ASKED BY ADULTS TO PERFORM SEXUAL ACTS IN EXCHANGE FOR VIRTUAL GIFTS THAT COULD BE CASHED OUT FOR REAL MONEY. CAROLINE: IN A RESPONSE, TIKTOK SAYS THE LAWSUIT IGNORES A NUMBER OF PROACTIVE MEASURES TIKTOK HAS IMPLEMENTED. THEY HAVE TAKEN MEASURES SINCE YOUR FIRST INCREDIBLE REPORTING BRINGING IT TO LIGHT IN 2022. IS IT ENOUGH, HAVE ENOUGH STEPS BEEN TAKEN FOR UTAH AND OTHER STATES TO FEEL THIS IS OK NOW? >> I THINK THE TIMING OF THE LAWSUITS FILED IN JUNE BY UTAH AND SEPTEMBER BUY A BUNCH OF OTHER STATES THAT CITED SIMILAR ISSUES SHOWS IT IS NOT ENOUGH, ESPECIALLY AGAINST THE BACKDROP OF WHAT WE ARE SEEING WITH THE NATIONAL SECURITY ISSUES.
TIKTOK IS GOING BEFORE THE SUPREME COURT IN THIS UNPRECEDENTED HEARING FRIDAY. THAT IS OVER NATIONAL SECURITY ISSUES AND THE FACT THAT TIKTOK MAY BE BANNED OVER THOSE NATIONAL SECURITY ISSUES. I THINK THE CHILD SAFETY ISSUES PREDATED THAT. THE FACT THAT THEY ARE SO PREVALENT ON THE PLATFORM WHICH THE UNREDACTED COMPLAINT HAS SHOWN MAKES THE NATIONAL SECURITY CONCERNS EVEN MORE CONCERNING. AYAKO YOSHIOKA THIS IS A -- CAROLINE: THIS IS A MASSIVE WEEK FOR TIKTOK.
WE MIGHT BE HEARING THE DETAILS ON WHETHER THE SUPREME COURT THINKS FREEDOM OF SPEECH OUTWEIGHS ACCESS TO TIKTOK. >> IT IS A HUGE WEEK FOR TIKTOK. EVERYONE IS LOOKING TO THE SUPREME COURT TO SEE IF THEY WILL UPHOLD THE LAW ABOUT TO TAKE AFFECT OR IF THEY WILL STAY THE LAW WHICH MEANS HIT PAUSE WHILE CONSIDERING WHAT THEY WANT TO DO.
I THINK THE FACT THAT TRUMP'S INAUGURATION IS OVER A WEEK LATER WILL COMPLICATE THINGS AND MAKE IT A BUMPY COUPLE OF WEEKS FOR THE COMPANY NO MATTER HOW THIS PLAYS OUT. CAROLINE: WE ARE GLAD YOU ARE THERE TO REPORT ON ALL OF IT. LET'S KEEP THE DISCUSSIONS GOING ON TIKTOK WITH A SUPREME COURT SENT TO CONSIDER THE CONSTITUTIONALITY OF THE LAW ON AN EXPEDITED TIMELINE. ARGUMENTS SCHEDULED FOR SPECIAL SESSION ON JANUARY 10. WE WANT TO BE TALKING WITH THE KEY VOICE ON ALL OF THIS, THE CEO OF A DATA PROTECTION INTELLIGENCE SOFTWARE COMPANY WHO HAS TESTIFIED BEFORE THE HOUSE COMMERCE COMMITTEE IN THE PAST TO EXPLAIN HOW TIKTOK ACCESSES AND DISSEMINATES PERSONAL DATA.
REMIND US HOW IT DOES. >> THAT IS AN EXCELLENT QUESTION. THANK YOU, CAROLINE. NUMBER ONE, HOW DOES IT? IT IS THROUGH THE APP. SECONDLY, IT IS THROUGH DATA TRACKERS EMBEDDED IN ALL KINDS OF APPS AMERICANS USE EVERY DAY. THAT IS HOW THEY CAN ACCESS AND COLLECT INFORMATION ON AMERICANS THAT NEVER EVEN USED TIKTOK IN THEIR LIVES. CAROLINE: WHAT IS ALSO INTERESTING IS THE WAY IN WHICH YOU HAVE BEEN TRYING TO ACCESS AND CONTINUING TO UNDERSTAND YOU MIGHT HAVE THE APP AND BE VAGUELY AWARE OF SOME OF THE RISKS AT PLAY. BUT EVEN IF YOU DO NOT HAVE THE
APP, YOU CONTINUE TO MONITOR HOW PIXELS OR EVEN THINGS LIKE GOOGLE CLASSROOM, HELP US UNDERSTAND HOW YOU PERFORMED THAT AND WHAT IT MEANS FOR THE PREVALENCE OF TIKTOK ACROSS U.S. PEOPLE'S DATA. >> ABSOLUTELY. WHAT WE FOUND IS OVER THE LAST 12 MONTHS SINCE TIKTOK WAS UNDER SO MUCH SCRUTINY, WE FOUND THE PRESENCE OF TIKTOK ON THE HEALTH CARE WEBSITE HAD INCREASED BY 35% IN THE LAST YEAR RATHER THAN DECREASING. WHAT IS CONCERNING IS THOSE PIXEL TRACKERS THAT ARE ALL OVER THE WEBSITE THAT PEOPLE USE EVERY DAY ARE COLLECTING A LOT OF INFORMATION WHETHER WHAT APPS YOU USE, WHAT YOU ENTER INTO WEBSITES, AND ALL KINDS OF INFORMATION COLLECTED CAN POTENTIALLY BE USED FOR NEFARIOUS REASONS.
IT IS FOR TARGETING INDIVIDUALS OR GROUPS OF PEOPLE, TEACHING AI SYSTEMS TO BE EVEN MORE PRECISE TARGETING AMERICANS. IT IS VERY CONCERNED B ING ON HOW DATA IS BEING CONQUERED BY TIKTOK ON PEOPLE WHO NEVER USED THE APP. CAROLINE: UP 35% VERSUS LAST YEAR. HOW IMPACTFUL WILL IT BE REMOVING THE APP IF IT IS REFLECTIVE PEOPLE WHO DO NOT USE THE APP AT ALL >>? IT IS A LOADED TOPIC AND QUESTION.
IF IT IS BANNED, STEP ONE WILL BE TO REMOVE THE APP FROM THE APP STORE'S AND EVERYWHERE IT IS AVAILABLE. IT IS ALSO REMOVING IT FROM ALL AMERICAN WEBSITES SO MAKING SURE IT IS NOT COLLECTING INFORMATION ON AMERICANS OUTSIDE OF THE APP. THIRDLY, TO ENSURE IT WILL NEVER COME BACK. IT IS NOT JUST TIKTOK. THERE IS A LOT MORE INFORMATION BEING COLLECTED BY OTHER COMPANIES ASSOCIATED WITH CHINA ON AMERICANS IN ADDITION TO TIKTOK AS WELL. CAROLINE: 1-10, GIVE US HOW HARD IT WOULD BE. TECHNICALLY SPEAKING, HOW EFFECTIVE DO YOU THINK THIS CAN BE? >> IT CAN BE VERY EFFECTIVE. A GOOD ILLUSTRATION IS
SOMETHING HAPPENING IN THE PAYMENT SECURITY INDUSTRY WHERE CREDIT CARDS, HOW YOU ARE PAYING ONLINE AND HOW THE SECURITY OF YOUR CREDIT CARD INFORMATION IS BEING GOVERNED, PAYMENT SECURITIES HAS INTRODUCED A NEW STANDARD WHICH ENSURES COME ON A WEEKLY BASIS, IT VERIFIES NO UNAUTHORIZED TRACKERS OR ANY SOFTWARE TECHNOLOGY PIECES ARE COLLECTING CREDIT CARD INFORMATION WITHOUT AUTHORIZATION. A SIMILAR PUSH CAN HELP PREVENT TIKTOK OR OTHER DATA COLLECTION BEING DONE ON AMERICANS WITHOUT AUTHORIZATION. CAROLINE: THE SUPREME COURT MATTER IS A MATTER OF LAW AND INTERPRETATION. THERE IS POLITICKING AMONGST WHETHER OR NOT JANUARY 19 WILL BE PUSHED OUT POST A NEW ADMINISTRATION IN THE WHITE HOUSE. HOW WOULD YOU ARTICULATE HOW RISKY THIS IS FOR EVERYDAY AMERICANS? >> HOW RISKY IT IS? IT HAS ALREADY BEEN PUBLICLY ADMITTED AND DISCLOSED THAT INFORMATION COLLECTED BY TIKTOK WAS ALREADY USED AGAINST AMERICANS SPYING ON JOURNALISTS IN OTHER CASES REPORTED IN THE NEWS. IT IS ALREADY HAPPENING.
IS IT HAPPENING ON A LARGER SCALE? VERY LIKELY. IN TERMS OF THE IMPACT OF DATA BEING COLLECTED AND SHARED WITH AN ADVERSARIAL COUNTRY, IS IT A RISK? IN MY OPINION, IT IS A VERY HIGH-RISK. CAROLINE: CERTAINLY, YOUR EVIDENCE GAVE SWAY ON THE HOUSE AS WELL. THANK YOU SO MUCH ON ALL THINGS TIKTOK.
COMING UP, HOW MICROSOFT IS USING ITS VENTURE FUND TO SHAPE THE FUTURE OF AI. THAT IS NEXT. THIS IS "BLOOMBERG TECHNOLOGY." YOU DO NOT WANT TO MISS IT. THIS IS BLOOMBERG. ♪ CAROLINE: MICROSOFT IS MAKING A MAJOR AI INVESTMENT ANNOUNCING IT WILL SPEND $80 BILLION ON DATA CENTERS OVER THE NEXT YEAR. THE COMPANY WROTE PREVIOUSLY THAT NOT SINCE THE INVENTION OF ELECTRICITY HAS THE UNITED STATES HAD THE OPPORTUNITY IT HAS TODAY TO HARNESS NEW TECHNOLOGY TO INVIGORATE THE NATION'S ECONOMY. MICROSOFT IS ALSO INVESTING IN AI THROUGH THE VENTURE CAPITAL FUND CALLING IT THE DEFINING TECHNOLOGY OF OUR TIMES. I'M PLEASED TO WELCOME MICHAEL STEWART WHO HAS BEEN AT THE AI, HARDWARE, SOFTWARE INVESTMENT FOR A LONG TIME.
I WANT TO DIG INTO THE IDEA OF DATA CENTERS AND THE COMMITMENT OF MONEY TOWARDS IT. WHERE ARE INNOVATIONS HAPPENING WITHIN DATA CENTERS? MICHAEL: THE DEMAND WE ARE GOING TO SEAFORD AI -- SEE FOR AI AS APPLICATIONS ROLL OUT THIS YEAR AND NEXT YEAR WILL ACCELERATE. IT IS KEY NOT JUST TO HAVE AI AVAILABLE BUT ALSO THAT IS AFFORDABLE, SECURE. DOING THAT IS NOT JUST ABOUT BUILDING OUT MORE DATA CENTERS BUT ALSO INCREASING THE QUALITY OF THE OUTPUT TO BE SUITABLE FOR ENTERPRISE USE. IN THAT SENSE, WHAT WE ARE SEEING IS BUILDING OUT THE FOUNDATION FOR A LOT OF DIFFERENT PLACES FOR TECHNOLOGIES TO PLUG INTO MAKE THE AI BETTER FOR ITS CUSTOMERS. CAROLINE: I WANT TO TALK OPTIMIZING OF APPLICATIONS.
TALK ABOUT OPTIMIZING INFRASTRUCTURE AND WHERE EXCITING MOVES HAVE BEEN. MICHAEL: EFFICIENT CHIPS ARE CLEARLY AN OPPORTUNITY TO ADDRESS NOT JUST THE SPACE IN THE DATA CENTERS BUT ALSO THE POWER THAT GOES INTO THEM. THAT IS ONE OF OUR PORTFOLIO COMPANIES THAT MAKES AN INNOVATIVE ARCHITECTURE FOR AI INFERENCE. THE COMPUTER AND MEMORY ARE COMBINED INTO ONE. THE NEW ARCHITECTURE FLEXIBLY MAXIMIZES THE PERFORMANCE OF THE SILICON YOU NEED IN A GIVEN CARD. CAROLINE:
THAT AFFECTS THE ENERGY USAGE AS WELL, THE POWER NEEDED. I KNOW ENERGY INNOVATION IS ANOTHER KEY AREA OF YOURS. TALK ABOUT HOW WE WILL USE IT IN 2025. ALL I HEAR IS AGENTS, AGENT FORCE. NO MATTER HOW U-TURN IT. IS IT ALL ABOUT AGENTS? MICHAEL: I'M NOT WANT TO SOUND DIFFERENT FROM THAT. I AM A STRONG BELIEVER THIS YEAR THE QUALITY OF THE AI MODELS, THE ARCHITECTURE OF THE APPLICATIONS WILL GET BETTER AND BETTER AND ATTRACT MORE ATTENTION FROM COMPANIES THAT WANT TO USE THEM TO ADDRESS THEIR OWN COSTS AND SCALING NEEDS.
WE ARE SEEING THIS COME IN TWO DIRECTIONS. START-UPS THAT ARE CREATING AGENTS OR PLATFORMS FOR AGENTS AND SELLING THEM AS SERVICES. THE OTHER IS THE USE OF THE AI ITSELF IN THESE SMALL COMPANIES IS SOMETHING TO START TO LOOK AT. THESE FOUNDERS ARE BUILDING THE COMPANY'S WITH AN AI-FIRST MINDSET THAT IS QUITE DIFFERENT. BUT IT IS ALSO GOING TO INSPIRE AND STIMULATE LARGER COMPANIES TO TAKE NOTE AT THE EFFICIENCIES ENABLED AND ADOPT THIS INTO THEIR OWN INFRASTRUCTURE. CAROLINE:
I FEEL LIKE THE LARGER SOFTWARE PLAYERS ALREADY GOT THE MEMO. YOU'RE SEEING THE LIKES OF SALESFORCE GO ALL IN. WHO KNOWS WHERE MICROSOFT WILL BE ABLE TO PUSH FORWARD WITH COPILOTS. HOW ARE YOU SEEING THEM BE ABLE TO INTEGRATE FASTER? MICHAEL: VELOCITY IS THE DEFINITIVE TREND OF THIS ERA. EVERYTHING IS MOVING FASTER. COMPANIES GETTING FUNDED FASTER, GROWING REVENUE FASTER.
AGENTS, AS THEY MATURE AND BECOME PART OF THE EVERYDAY MAKEUP OF THESE COMPANIES THEMSELVES ARE AT THE SAME TIME THE PRODUCT BUT ALSO THE ORGANIZING PRINCIPLE OF THE COMPANIES. THAT IS A DIFFERENT WAY TO LOOK AT THIS FROM WHERE WE EXPECT TO SEE SASS REVENUES BUILT UP OVER TIME AS IT HAPPENED IN THE PRIOR COUPLE OF YEARS TO TODAY. THE COMPANIES ARE ABLE TO ACCOMPLISH FAR MORE WITH A SMALLER TEAM, REACH REVENUE TARGETS FAR GREATER THAN EXPECTED, AND I THINK THEY WILL BE PROFITABLE MUCH SOONER THAN WE OTHERWISE THOUGHT POSSIBLE. CAROLINE: FAST IS NOT ALWAYS BODE WELL FOR DEEP ANALYSIS AND DOING YOUR CORPORATE GOVERNANCE T'S CROSSED AND I'S DOTTED. HOW DO YOU KNOW THESE COMPANIES
ARE NOT JUST SCALING QUICKLY BUT WILL MAINTAIN THAT USER BASE FOR THE NEXT YEAR AND THE NEXT YEAR? MICHAEL: IF YOU ARE A FOUNDER AND CREATING AN AI PRODUCT, THIS IS NOT JUST ABOUT CREATING A WHITE PAPER THAT YOUR CUSTOMER MIGHT READ TO SEE WHERE THE R.O.I. COULD OCCUR IN THE ORGANIZATION. THIS IS AN OPPORTUNITY FOR FOUNDERS TO DRIVE THE PILOTS THEMSELVES. THE CUSTOMERS WILL SEE THE SAVINGS HIT THEIR BOTTOM LINE THEREBY DRIVING MORE CONSUMPTION OF AI. I THINK THAT KIND OF VIRTUOUS CYCLE IS A BIG DIFFERENCE FROM PRIOR ERAS OF A EYEWEAR THE SAVINGS MIGHT COME IN DEFLATE EXPENSES OR.
-- COME INTO FRAYED -- DEFRAYED EXPENSES. YOU HAVE TO GET SERIOUS ABOUT THE INTELLECTUAL HONESTY OF IT AND YOUR CUSTOMERS MUST AGREE WITH YOU. THE AI'S THAT ARE ABLE TO ACCOMPLISH THAT WILL GROW 10 TIMES FASTER THAN THE NORM. CAROLINE: A TAKES ONE TO KNOW ONE, MICHAEL STEWART. IT IS TIME FOR TALKING TECH. NVIDIA PARTNER POSTED A FASTER
THAN EXPECTED 15% REVENUE GROWTH AS THE COMPANY HAS SUSTAINED DEMAND FOR INFRASTRUCTURE. FOXCONN SAW DECEMBER REVENUE RISING AND EXPECTS SIGNIFICANT SALES GROWTH IN THE FISCAL FIRST QUARTER. TDK SAYS IT PLANS TO ROLL OUT AN IMPROVED VERSION OF ITS PRODUCT TO HELP MOBILE DEVICES KEEP UP WITH THE RISING POWER DEMANDS FOR AI. THE TOKYO-BASED COMPANY SAYS IT WILL BEGIN MASS PRODUCTION ON THE BATTERIES LATE SUMMER.
SAMSUNG IS ADDING A NEW SUITE OF FEATURES. THE ELECTRONICS GIANT IS SET TO PREMIERE VISION AI INCLUDING A PROCESSOR TO ANALYZE CONTENT. COMING UP, MORE ON AI. SAM ALTMAN, DIVING INTO HIS FOUR-DAY FIRING, CHATGPT. IT IS A HUGE INVESTIGATION DONE BY BLOOMBERG BUSINESSWEEK. CAROLINE: TODAY, WE BRING YOU THE LATEST FROM EXCLUSIVE BLOOMBERG BUSINESSWEEK INTERVIEW WITH SAM ALTMAN. HE DISCUSSES HIS INFAMOUS FIRING, HOW HE RUNS OPENAI NOW, HIS PLANS FOR THE TRUMP PRESIDENCY, AND RELENTLESS PURSUIT OF AGI.
MARK MILIAN IS PART OF A DEEPLY REPORTED OUT Q&A. IT STARTS WITH THE KEY MOMENTS. SAM ALTMAN DISCUSSING WHEN HE STARTED THINKING DEVELOPING AGI. WHAT WAS THE JAW-DROPPING MOMENT FOR YOU? >> I THINK THE THING THAT SURPRISED ME THE MOST IS WHEN HE IS GIVEN THE OPPORTUNITY TO TALK ABOUT YOUR BIG AMBITIONS, WHAT YOU WANT TO SOLVE. HE TALKS ABOUT FUSION ENERGY, THAT IS THE ONE THING. OBVIOUSLY, HE IS FOCUSED ON
CREATING SUPER INTELLIGENT SUPERCOMPUTERS AND ARTIFICIAL GENERAL INTELLIGENCE AND ALL OF THESE WACKY IDEAS. HE HAS THIS BIG INVESTMENT IN FUSION ENERGY WHICH IS KIND OF A SCARY CONCEPT TO A LOT OF PEOPLE AND ALSO, IS IT EVEN GOING TO WORK? HAS SCIENCE PROVEN FUSION ENERGY IS GOING TO SOLVE ALL OF OUR ENERGY SHORTAGE ISSUES? ENERGY IS A BIG NEED FOR AI, WHICH SUCKS UP SO MUCH ELECTRICITY. CAROLINE: HE IS NOT AFRAID TO BE WAY AHEAD TRYING TO SOLVE THE UNSOLVABLE.
HE DETAILS HOW IN 2012, HE WAS SORT OF A HERETIC FOR DISCUSSING AGI AND PEOPLE DID NOT WANT TO TALK ABOUT IT WITH HIM. DOES HE THINK THIS IS ALL FOR THE GREATER GOOD? IS THERE AN IDEA AS TO WHY WE NEED NUCLEAR FUSION AND AGI? MARK: THERE IS A LOT OF WAYS ANY OF THOSE THINGS COULD GO WRONG. I THINK YOU WILL SEE IT IN THE TONE OF THE INTERVIEW.
YOU WILL FIND WHEN YOU READ THIS IT IS A LONG READ. I THINK THE CONTEXT IS IMPORTANT WITH SOMEONE LIKE THAT IN SUCH A BIG POSITION OF POWER. YOU KIND OF GET A SENSE FOR WHO HE IS AS A PERSON. HE IS AN OPTIMIST. HE DOES BELIEVE THE THINGS HE IS WORKING ON HE CAN SHAPE FOR THE BETTER. CAROLINE:
EVEN WITH THE NEW ADMINISTRATION? MARK: YES. THAT WAS THE FOCUS OF THE INTERVIEW, ESPECIALLY IN THE LATTER HALF. WE TALK ABOUT HIS RELATIONSHIP WITH DONALD TRUMP WHO HE PREVIOUSLY HAD DIFFERENCES OF OPINION WITH, HIS RELATIONSHIP WITH ELON MUSK IS VERY STRAINED. THE COFOUNDER OF OPENAI NOW SUING OPENAI. HIS OPTIMISM VERY MUCH EXTENDED TO THE IDEA HE WILL BE ABLE TO REPAIR THOSE RELATIONSHIPS AND HAVE A WORKING RELATIONSHIP WITH THE NEW ADMINISTRATION. HE IS ASKED ABOUT HIS DONATION
TO TRUMP'S INAUGURATION. AND OF COURSE, HE IS LIKE, I SUPPORT WHOEVER THE PRESIDENT IS. YEAH. I FOUND THAT ALL VERY FASCINATING. CAROLINE: ME, TOO. GO READ IT. MARK MILIAN ON THE LATEST BIG TAKE.
THAT DOES IT FOR THIS EDITION OF "BLOOMBERG TECHNOLOGY."
2025-01-11 00:56
