Competition and Market Dynamics - The market is awakening to the possibilities of Google's TPUs, previously sold as part of a cloud-winning formula [1][2] - NVIDIA's dominance is being questioned, with analysts considering the impact of NVIDIA being brought down on the broader market [6] - Competition is seen as a positive development, offering choices and optionality in the AI CapEx landscape [7][8] - Alphabet's TPUs and associated software are emerging as a clear alternative to NVIDIA's CUDA ecosystem, potentially chipping away at NVIDIA's lock-in [10] - Other companies like Alibaba and Amazon are also pursuing vertically integrated strategies, developing their own chips and models [12] Technology and Efficiency - Energy efficiency is a key bottleneck and a crucial factor in the AI infrastructure race [5][16][17] - The battleground is shifting towards how much efficiency can be extracted from hardware through software [14] - Google's DeepMind is collaborating directly with the semiconductor team to optimize efficiencies [15] Investment and Valuation - The market is trying to find a more efficient answer to the AI CapEx question, with Google surpassing a $1 trillion valuation [7] - The depreciation question is becoming more prominent, with investors needing to assess the long-term value of backlogs and inventory builds given new energy-efficient options [19] - Investors are rotating into value-focused sectors like healthcare and defensives, reflecting concerns about tech valuations [21]

What is the latest on negotiations then, as the two sides exchanged blows once again. Yeah, that's right, Tom. I mean, after those talks in Geneva, those 24 hours of frenzied diplomacy led by Marco Rubio, the secretary of state of the United States, and Andre Yermak, the sort of number two in Ukraine, in Geneva, we have now sort of a new adapt to that uptake of the 28 point plan that ripped through diplomatic circles at the end of last week, something that is now apparently a 19 point plan.There were appare ...

How did Baba do it, Tom. Where did it where did it exceed expectations. Yeah.Vonnie, an interesting time because we talk about those tensions between Japan and China and the moves by President Trump to secure the lead that the US currently has when it comes to A. I. because Alibaba really is a litmus test in terms of how far and how effectively China is particularly pushing the adoption, as well as the innovation around AI's.The top lines of revenue. Yes, it was a beat. E-commerce was also a big for Alibaba ...

Competitive Landscape - Alphabet's TPUs are positioned as a competitive threat to NVIDIA in the AI chip market [4] - The AI chip market is heating up with competition between Alphabet and NVIDIA [8] - Gemini 3 is posing a competitive challenge to OpenAI, impacting SoftBank's stock as a proxy for OpenAI [9] Technology and Performance - Google's TPUs are developed in-house and adapted based on large language model (LLM) performance, creating a feedback loop for improvement [2] - TPUs are effective for both training models and inference, with a focus on inference for Matter's potential deal [5][6] - TPUs need to prove their energy efficiency and cost-effectiveness [6] Partnerships and Demand - Anthropic is committed to a deal with Google for a large supply of TPUs, close to 1 million units [3] - Alphabet is a major spender on AI chips through partnerships with Anthropic [4] - There is strong demand for NVIDIA's Rubin chips, expected to be released in 2026 [7]

We've got a little bit of a disappointment in terms of retail sales. Headline retail sales come in up 2/10 of a percent. They were up 6/10 in the month of August.Now, remember, this is September data. The expectation was for a 4/10 rise. Ex autos were up 3/10, which is what was forecast.But the control group, we don't have that number yet, hasn't come through yet. We'll get that for you in just a second. But ex autos and gas of all the 8/10 of a percent.So a lot having to do with prices there in terms of PP ...

VONNIE: IT IS 5:00 A.M. IN NEW YORK CITY. I AM VONNIE QUINN WITH YOUR "BLOOMBERG BRIEF. " A WIN FOR ALPHABET. META REPORTEDLY IN TALKS TO SPEND BILLIONS ON GOOGLE'S AI CHIPS AS AN ALTERNATIVE TO NVIDIA'S GPU'S. MOSCOW AND KYIV TRADE AIRSTRIKES, EVEN AS PRESIDENT TRUMP TOUTS HIS PEACE PROPOSAL. AND MARKETS IN A RAFT OF ECONOMIC DATA, FROM RETAIL SALES TO THE SURVEY. THE BLISTERING TECH RALLY LOOKS TO BE COMING TO A HALT, PARTICULARLY AFTER THE GOOGLE-META NEWS. FUTURES LOWER. THE NASDAQ WAS UP 2.6% PERCENT Y ...

Strong gains in stocks globally. US into Asia. Mark, as a result of what the Fed rate cut theme does that live on US futures rolled over a little.Yeah, I think that the sell off that we started in stocks about four weeks ago is still not fully exhausted. I know that's been a kind of repeated refrain of mine for the last few weeks. I understand why people are rushing to buy the dip very quickly, but it just doesn't feel like that the pain in the digital asset sector has fully played out.And sure, there's not ...

Australia's role in the COP 31 climate summit. April Yeah, and this is positioning, of course, for COP 31 given how it has sort of failed bid. Now it will be hosting this along with Turkey.Australia has stepped back from this bid to host the COP 31 climate summit in Adelaide and instead this compromise with rival bidder Turkey. And this will see this 2026 talks stage in Antalya. Australia of course, won't be the venue and this will still shape the agenda though that seems to be the expectation with Climate ...

AI Development & Investment - The discussion involved the future of technology, particularly AI's impact on society [2] - There's a need for global tech champions to invest locally in AI in various regions, including India, Europe, Latin America, and South Africa [2] - The company positions itself as one of the best AI labs globally and plans to continue investing in AI [2] International Relations & Growth - The company met with Prime Minister Narendra Modi and other leaders from Europe, Latin America, and Asia [1] - Continued growth is expected in India [3]

Geopolitical Risk & International Relations - The Caribbean is experiencing a significant accumulation of military power, comparable to the Cuban missile crisis era [1] - The US has deployed a large aircraft carrier, cruisers, destroyers, and a substantial number of Marines to the Caribbean [1][2] - NATO allies are concerned about the US military actions, particularly the removal of the Gerald Ford aircraft carrier from the Mediterranean, which impacts NATO's presence [3] - Some allies view the US actions as potentially illegal, resembling the behavior they are opposing in Russia [4] - The UK government has reportedly ceased intelligence sharing with the US regarding operations against Venezuela, and the Dutch government is limiting intelligence sharing due to politicization concerns [4][5] Potential Motivations & Implications - The military buildup may be more than just intercepting drug boats, potentially signaling the beginning of military action [2] - There's speculation that the US actions could be a bluff, but the consequences of such a bluff being called are uncertain [2] - Deteriorating relationships with allies could weaken the US position, as the US is stronger with allies than standing alone [5]