Once overshadowed by luxury icon. LVMH and pharmaceutical titan Novo Nordisk, SAP has risen steadily to the top - and is now worth over €300 billion. Its business enterprise software powers the inner workings of more than 90% of Fortune 500 companies, including Coca-Cola, Apple, Walmart and Nestlé.The SAP story started in 1972 when a group of former IBM engineers set out to build something revolutionary software that could integrate all of the company's operations and process data in real time. By the mid-s ...

>> “BLOOMBERG TECH” IS LIVE FROM COAST-TO-COAST. WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. ED: BLOOMBERG -- ROMAINE: NVIDIA CEO MEETING WITH U.S. PRESIDENT TRUMP AT THE WHITE HOUSE YESTERDAY.THAT IS OUT OF A BIG TRIP PLANNED NEXT WEEK TO CHINA. WE ARE LOOKING AT TESLA, WANTS TO BRING DRIVERLESS TAXES TO CALIFORNIA AND ARIZONA, AFTER LAST MONTH'S ROLLOUT IN AUSTIN, TEXAS. CRYPTO WEEK IS UPON US.WE WILL DISCUSS WHAT TO EXPECT FROM CRYPTO FOCUSED BILLS IN WASHINGTON WITH THE HEAD OF THE BL ...

Certainty. I haven't heard that word in this space in quite some time. You think we're finally going to get this summer. I think we're certainly going to get it.We will see at least the Genius Act signed into law maybe as early as the end of this week. And we're going to see clarity pass the House floor with bipartisan support and really have that momentum going into the Senate consideration. This is for a lot of folks.They see this as a huge milestone, not just so much in that you're getting guardrails in ...

AI 投资与回报 - 行业观察到部分公司通过部署 AI 获得了实际的投资回报，尤其是在云服务领域，预计未来几周的财报将体现这一趋势 [2] - 行业预计云计算公司将实现强劲甚至加速的收入增长，例如亚马逊和谷歌云 [2][3] - 行业正在努力衡量 CapEx 的投资回报率，从单纯的 CapEx 支出转向识别潜在的利润增长点，以便更有效地评估 AI 投资的价值 [10][11][12] - 投资者正在寻找 AI 技术在规模化回报方面的潜力，以及更广泛的 AI 机会 [13] 效率与利润率 - 广告行业正在经历变革，广告的制作和投放方式更加普及，这可能会带来增长动力 [3][4] - 公司正在关注效率提升，通过优化员工配置和流程来改善利润率 [4] - Alphabet 等公司在投资 AI 的同时，也在核心业务中寻求效率平衡，从而实现利润率的提升 [9] 人力资源与成本控制 - 科技行业的新员工招聘速度相对平缓，一些公司出现了裁员现象 [6] - 尽管微软宣布裁员 9000 人，但仍在 CapEx 方面投入巨资以追赶 AI 浪潮，行业关注这种平衡 [7] - 削减数百万美元的工资支出并不一定能抵消数十亿美元的 CapEx 支出，公司需要在两者之间找到平衡 [8] 商业模式与货币化 - 消费者互联网的货币化方式主要有三种：订阅、商业和广告，AI 在消费者领域的应用也将遵循这些模式 [16] - 订阅模式将继续存在，但广告和商业仍然是主要的货币化手段 [17] - 科技行业的订阅费用在过去 20 年里只增不减 [18]

E-commerce & Retail Trends - Amazon's Prime Day, initially a one-day event, has expanded to a four-day event, indicating a shift in consumer shopping behavior [2] - Other major retailers like Walmart, Target, Kohl's, and Wayfair are also running big summer sales, mirroring Amazon's strategy [3] - Retail media, leveraging retailer data for targeted advertising, is growing faster than TV advertising [11] - Amazon's key strengths are selection, price, and convenience, creating a competitive advantage [4][5] - Amazon's logistics capabilities, enabling same-day or next-day delivery, are a significant barrier for other e-commerce companies to overcome [5][6] Advertising & Marketing - Companies are adopting a more holistic and independent approach to advertising, moving away from traditional ad agency models [7] - Retail data is increasingly used to target television advertising, exemplified by Amazon's partnership with Roku [12] - Digital marketing services and technology companies track billions of data points to understand consumer behavior across various channels [8][9] - Brands are focusing on the customer journey across search, social, and retail, with retail and media converging [9] - Return on investment (ROI) is being seen on new ad platforms, with retail media becoming a fast-growing segment [10][11]

Product & Technology - The company is developing an open-source, human-robot interaction platform named Richie, designed with emotional expression capabilities [1][2] - Richie is designed as a kit, similar to Lego, to encourage community tinkering and improvement through open-source contributions [3][4] - The platform includes sensors, cameras, microphones, and speakers, and is compatible with AI models for speech and image processing [2] - The company will provide an SDK to facilitate the creation of new robot behaviors and applications, encouraging community sharing and accessibility [6] Market & Business Model - The company aims to provide an accessible platform for building human-robot interactions, differentiating itself from expensive humanoid robots [2][7][9] - The open-source nature of Richie is intended to maximize the value of community-built behaviors and applications [9] Sales & Distribution - The company has already generated $1 million in revenue from this project within a few days of launch [11] - Approximately 60% of initial sales are from the U S market, with the remaining 40% from international markets, primarily Europe, Asia, and South America [11] Manufacturing & Sourcing - The company is exploring local sourcing and manufacturing options in various locations to leverage design simplicity and navigate trade environments [12][13]

Product Updates & Launches - Apple plans to launch new iPhones (iPhone 17 line) and Apple Watches in the fall [2] - An upgraded version of the iPad Pro and Vision Pro are also expected [2] - New MacBook Pros, a new Mac external monitor, new low-end iPads, and new mid-tier iPad Airs are aimed for release in the first half of 2026 [3] - The entry-level iPhone is expected to be updated annually [4] Strategy & Innovation - The products are characterized as iterative updates rather than revolutionary redesigns, primarily involving processor upgrades [5] - Gains in chip performance are not as significant as they were five years ago [6] - Apple's smart home hub (HomePod with a display) was delayed due to delays in new Siri features (App Intense) [6] - The smart home hub hardware is now expected in the first half of next year, aligned with the upgraded voice command features [7]

Elon on his end is not letting up. Does he have at this point in time the ability to change any votes on the capital. You know, I I really don't think he does.Uh, you know, I I think Elon thinks that that money and tweets are the most powerful form of political currency. Uh but anyone with any level of sophistication in US politics knows that at least when it comes to Republican politics, it's Trump's endorsement that matters. That's 98% of the ball game.Elon's money might be the other 2%. But as far as Elo ...

Markets and Economy - Equity markets are bouncing off lows, influenced by bond sales and news flow [2] - Nvidia's market capitalization reached $4 trillion before a slight pullback [3][15] - Geopolitics and trade, especially China-U_S_ relations, are key discussion points among tech CEOs [13] AI Technology and Applications - X AI is rolling out Grok 4, with potential integration into Tesla vehicles [1][4] - Grok Heavy can deploy multiple agents to work on a problem like a study group [5] - Concerns exist regarding Grok 4's potential to generate inappropriate content, following earlier incidents [7][8] - Google's Gemini AI is launching a new feature to produce video from still pictures for paid users, but faces challenges in consistency and bias [48][49][51] - AI models are showing promise in medical diagnosis and X-ray analysis, potentially surpassing human accuracy [87] Companies and Investments - TSMC's June sales numbers are impacted by FX issues, but AI demand remains strong [3] - Varda Space raised $187 million to produce medicines in low-Earth orbit, aiming to create new drug formulations impossible on Earth [1][60] - Gecko Robotics is focused on diagnosing the health of built structures using AI and robotics, claiming to help facilities run at 20% less cost for capital expenditure and 5%-15% more efficiently [35][36] - Apple is facing pressure to focus on AI product development, with some analysts suggesting a change in leadership [53] - The competition for AI talent is fierce, with potential multi-million dollar compensation packages [53][57] China and Chip Market - Huawei is tentatively exporting older generation chips to the Middle East and South Asia in low volumes [10][11] - Nvidia and AMD are interested in maintaining a presence in the Chinese market, despite geopolitical risks [19][20] E-commerce - Amazon is experimenting with a four-day Prime Day event, assessing whether it can sustain momentum over a longer period [30][31] Energy and Robotics - Gecko Robotics is working with the energy sector to improve efficiency, potentially creating 10 gigawatts of power without new power plants [39][41] - The company hit a $1.25 billion evaluation [42]

Business Overview & Strategy - Varda aims to create new drug formulations in microgravity, impossible to create on Earth, by leveraging its biologics lab [1] - The company is building a large lab space to vet drug formulations before spaceflight and create a pipeline [2] - Varda is scaling up its flight cadence and controlling its supply chain by moving manufacturing in-house, aiming to fly four times next year and then ideally double every year [4][5] - The company's challenge is to scale up cadence to integrate into the pharmaceutical supply chain, focusing on delivering new drug formulations [17][18] Technology & Operations - Microgravity is the fundamental reason for going to space to create new drugs [7] - Varda's spacecraft re-enters the atmosphere at Mach 25, or 25 times the speed of sound [8][11] - Re-entry vehicle is smaller, higher cadence, not human-rated, and lower cost compared to others like SpaceX's Dragon or Boeing's Starliner [15][16] Market & Partnerships - SpaceX launch costs represent about 20-25% of Varda's total mission costs [19] - SpaceX's reusable Falcon 9 and transporter program are critical infrastructure layers enabling Varda's business [20][22][24] - Varda has booked SpaceX rockets through Q3 2027 [24] Defense Applications - Varda can help the Department of Defense (DOD) with hypersonic capabilities [10] - Varda's reentry vehicle acts as a hypersonic wind tunnel for the DOD to test sensors, new materials, and flight computers [12][27][28] - The company enables faster, more frequent, and cheaper testing for the DOD, potentially surpassing near-peer adversaries [13]