Partially. People buy Teslas for the acceleration power reason and some of the other features like that. It's not taking away those features, is it.No, it's the slowest of all. The Tesla is by far. And so it just doesn't compare in any way to a model Y, you know, like a regular model Y.They've stripped out some of the my favorite things about Tesla, including the the glass roof on top of the sound system, you know, being a music guy and a musician, you know, the sound system in the Tesla with the quiet, you ...

XAI needs a way to finance all of the GPUs that are going to go into Colossus 2, its next big data center in Memphis, Tennessee. Here's how we've reported that they're going to do it. They've set up with investors a special purpose vehicle or SPV, basically a financing shell that buys Nvidia processors and then rents them back to XAI.Our understanding is the round's now up to around $20 billion split between $12.5% billion of debt and $7.5% billion in equity. Nvidia is putting around $2 billion into the equ ...

Coast Guard Interdiction Policy Concerns - The analysis suggests that approximately 25% of Coast Guard boat interdictions off the coasts of Miami and California do not involve drugs, raising concerns about potential errors in current procedures [1] - The industry emphasizes the importance of established protocols for boarding boats, including verbal warnings and escalation of force, rather than immediate destruction [2] - The analysis questions the justification for blowing up boats without proper identification or due process for those on board [4][6] Potential Geopolitical Implications - The report raises concerns about the possibility of the boat incidents being a provocation to instigate regime change in Venezuela, potentially leading to military intervention [3] - The industry highlights the importance of congressional oversight and debate regarding military actions, particularly concerning the use of force without due process [4] Due Process and Policy Implications - The analysis underscores the importance of due process, even for accused criminals, citing the possibility of wrongful accusations [5] - The industry argues against a policy of indiscriminately destroying ships without knowing the identities of those on board, both domestically and internationally [6]

JONATHAN: AND LESS IMPORTANT FOR THE EQUITY MARKET. FOLKS SEEM TO BE LIKING AI. I WANT TO GET THIS STORY ON NVIDIA, ED LUDLOW BREAKING NEWS WHICH IS CONFIRMED BY JENSEN -- JENSEN HUANG.WHAT IS THE LATEST. WHAT IS -- GO THROUGH YOUR REPORTING AND WHAT YOU ARE LEARNING. ED: THE STRUCTURE IS IMPORTANT.XAI NEEDS A WAY TO FINANCE THE GPU'S FOR ITS FINE INTENT -- FOR ITS DATA CENTERS IN MEMPHIS. THEY HAVE SET UP THE SPECIAL PURPOSE VEHICLE AND THE TARGET IS TO RAISE $20 BILLION. $12.5% BILLION OF DEBT AND THE REM ...

Financial Performance - Cristiano Ronaldo's net worth reached $1.4 billion, making him the first football billionaire [1] - A $400 million contract renewal with Al-Nasar significantly boosted Ronaldo's earnings [1] - Saudi Arabia's zero income tax policy helped Ronaldo retain more of his earnings, avoiding a 48% tax rate in Portugal [3] Investment and Business Ventures - Ronaldo secured a 15% stake in Al-Nasar [3] - Ronaldo invests in hotels, fashion, porcelain, and real estate in Lisbon [4] - Ronaldo aspires to own multiple football clubs after retirement [4] Earnings Composition - The bulk of Ronaldo's wealth comes from salary rather than brand ownership, unlike other billionaire athletes [3] - Ronaldo's earnings have been supercharged by his stint at Al-Nasar, in addition to brand deals with Nike, Armani, and Castro [2]

Brandon Scott of Baltimore is one of those mayors, and he joins us now in the Bloomberg Interactive Brokers Studio. We should note that the city has received money from Bloomberg Philanthropies. It is the philanthropic arm of Bloomberg LP, the parent company of Bloomberg Radio.Mayor, welcome to the program. Re-elected in 2024. You've been mayor since 2020.I want to start with the government shutdown because you are pretty close to Washington, D. C. You've got some folks in your community who certainly work ...

Another story we're keeping our eye on is Tesla. The company had teased a big product announcement. We got it.The shares fell. A lower uh basically a revamp of some of their models to basically well lower the price just a bit. Max Chaffkin joins us right now is the host of Musk Inc. and he joins us right now.So let's just cut to the chase here. You're basically taking the Model Y, the Model 3, basically cutting the price. Yeah.Making a little bit cheaper. I say this was a small announcement kind of posing a ...

AI Investment and Deployment - JP Morgan has been investing in AI since 2012, with current annual spending of $2 billion [1] - The company employs 2,000 people in AI-related roles [1] - AI is deployed across various functions including risk, fraud, marketing, idea generation, and customer service [1] - JP Morgan has developed an internal LLM suite for research, report summarization, and contract scanning, with 150,000 employees using it weekly [4] Financial Impact of AI - JP Morgan estimates $2 billion in cost savings from its $2 billion AI investment [2] - These savings are attributed to headcount reduction, time and money savings, and error reduction [2] Impact on Employment - AI is expected to affect jobs within JP Morgan [6] - While some jobs may be eliminated, the company aims to retrain and redeploy employees [7] - Successful AI implementation could lead to more jobs overall at JP Morgan, but potentially fewer in specific functions [7] Future of AI - Managers are increasingly exploring AI's potential, driving further development and deployment [3][4] - Agentic AI is in its early stages of deployment and is also being used for coding [4]

Trade Deal Concerns - The EU is concerned that new US trade demands are undermining the trade deals previously agreed upon [1] - The original deal, sealed in July, included a 15% tariff ceiling on most goods [2] - There is fear that the US wants to alter the terms of the trade deal, particularly regarding digital regulation [3] Key Issues of Contention - US governments, especially during Donald Trump's administration, have viewed EU regulation on big tech as excessively burdensome [3] - EU environmental laws, specifically those related to climate, are also emerging as a point of concern [4] - EU ambassadors in Brussels are expected to be briefed on discussions with the US side regarding these issues [3]

Probably more excited, though, by the fact that gold is through 4000 mark. What's next. I'm excited.I get a little excited by what's happening on the stock side. I'm also excited by what's happening on the French side at the moment. I think there's a little bit of nervousness creeping into the market, not on the gold side.Clearly that that one of the most consensus trades out there. Anecdotally, I'm hiring at the moment. Whenever I interview any candidate, their top trade seems to be bullish gold.So it's de ...