AI Chip Landscape - Tensor Processing Units (TPUs) are purpose-built for AI and deep learning, offering lower total costs and greater power efficiency compared to GPUs [1] - Google has been developing TPUs for some time, aiming for efficiency and supply chain diversification beyond Nvidia [2][3] - Google's full-stack approach, from chip to application, provides significant efficiencies of scale [5][6] - Diversifying chip base is crucial, as different chips excel in different tasks, similar to diversifying cloud providers [10][11] Market Demand and Competition - The AI market is projected to reach a $7 trillion market cap by 2030, indicating substantial demand [8] - The market demand is large enough to accommodate multiple players, suggesting it's not a zero-sum game between CPU and GPU [8][9] - Hyperscalers not directly competing with Google, pharmaceutical giants, energy companies, and governments are potential adopters of TPUs [13][14] - AMD and Google are positioned to provide alternatives to Nvidia's dominance in the AI chip market [15] Google's AI Capabilities - Gemini 3 is competitive with other leading large language models like ChatGPT, Claude, and Perplexity, excelling in various use cases [16][17] - Sovereign AI and companies building data centers/physical AI will drive market headlines in 2026 [24] Nvidia's Outlook - Models suggest Nvidia has the potential for another $1 trillion in sovereign AI market cap and another $1 trillion in physical AI market cap, potentially peaking around $6.5 to $7 trillion market cap [22][23]

Let's talk a bit more about the trade side of things. The Trump administration's crackdown on illegal fentanyl is now extending to India, which the U.S. has identified as a second biggest supplier of precursor chemicals and drug making equipment after China. Let's get to Bloomberg News senior reporter Dan Stone joining us now with more from New Delhi.It is very interesting. How do you think India fits into this whole murky trade in chemicals. Well, thanks so much for having me.Yes, that's right. India, you ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greipel taking you through to that closing bell. It's a global simulcast.Carol Massar, Tim Stenovec in the radio booth, as always, locked in their cage. Welcome to our audiences across all of our Bloomberg platforms, including our partnership with YouTube Carol Massar. You seem very excited here on a day where the markets getting your back.A pretty nice set. Thank you. Thank you.I know you're sick. No, I was ...

I'd rather own a trading card or a comic book and have that go up in value than the same equivalent of a stock. A 100 shares of Tesla is not as interesting for me going up as one rare rookie card or or a collectible. It has extra value.I'm sure everybody who's got a half a brain that goes on this show talks about diversifying. I think that's fair. >> We've heard that one before. >> Yeah, you've heard that one.I think that's fair. But I I I to take even a step further to a lot of the stocks I like here, the ...

Overview - Bloomberg Crypto covers decentralized finance topics, including people, transactions, and technology [1] Guests and Content - The segment features Dynamix CEO Andrejka Bernatova, Hyperion DeFi CEO Hyunsu Jung, and Bloomberg's Baily Lipschultz [1] Platforms and Resources - Bloomberg provides business news, market data, features, and profiles on its website [1] - Bloomberg has a presence on various social media platforms, including X, Facebook, Instagram, TikTok, Reddit, and LinkedIn [1] - Bloomberg offers additional content through Bloomberg Radio, Bloomberg Surveillance, Bloomberg Politics, and Bloomberg Originals [1] - Bloomberg has multiple YouTube channels, including Bloomberg Technology, Bloomberg Originals, Bloomberg Quicktake, and Bloomberg Espanol [1] - Bloomberg also produces podcasts [1]

Bloomberg Economics out with a new report. It notes that the U.S. Ukraine policy whiplash is benefiting Moscow. What do we know.So it's been quite the roller coaster over the last few days. What emerged last week was a plan that seemed to be negotiated between the U.S. and Russia, largely favorable to Moscow in terms of, for example, capping Ukraine's military, ensuring that it would never be a part of NATO's in return for pretty ambiguous security guarantees. Since then, there's been a scramble by Ukraine ...

Alphabet, the parent company of Google, is shaking things up among the world's most valuable companies. And it all comes down to AI, to chips, and to potential competitive threat to Nvidia. I'm talking about Google's stock price that is already up a trillion dollars in terms of market capitalization since mid October.And it's leapfrogged Microsoft to become the world's third most valuable company. Now, we see a recognition of strong earnings, of strong large language model. Gemini 3 has rave reviews, but a ...

Trump is just really on the defensive right now. He has not had a good few weeks between the Epstein files and and Republicans defying him on that. Uh Republicans sort of not going along on the hill with his idea of the filibuster.Democrats swept a bunch of elections in early November. And so he is looking for ways to juice the economy ahead of the midterms. And we've seen him do that with the checks idea.We've seen them have to roll back some tariffs on some key agricultural products like um coffee, banana ...

December. >> Yes, definitely in the cards. Um >> on the cards or erasing certainty now.>> Uh given the statement by Waller just now and Marley, it's getting very close to near certain. >> Yeah. >> And one factor to consider is that once the market probabilities are this high, >> yeah, >> Fed follows through >> and December's the blackout, sorry, Friday is the blackout period for the December meeting.>> So they have a few more days to correct course. >> Yeah. Um otherwise if the probability is 70 80 >> let's ...

And now let's go and give gobble waddle. The waddles, by the way, is missing an action. But that's okay.We'll pretend waddle is here. The gift that they've been waiting for. And I'll move over and I will just say very nicely, gobble, your pardon.Come on, let's say it in front of Gobble. >> Like a rather violent bird. >> Are you ready.>> Gobble. >> I just want to tell you this very important. You are hereby unconditionally partnered to harm this beautiful.Thank you very much. ...