ANNOUNCER: "BLOOMBERG TECH" IS LIVE FROM COAST-TO-COAST. ED: THIS IS "BLOOMBERG TECH." ELON MUSK'S ASPIRATIONS AND FOCUS AFTER HE SAYS HE HAS FORMED A NEW POLITICAL PARTY. CAROLINE: MORE TARIFF WARNINGS FROM PRESIDENT TRUMP.ED: COREWEAVE AGREES TO BUY CORE SCIENTIFIC. WE WILL DISCUSS THAT AND THE REST OF THE TECH M&A LANDSCAPE. CAROLINE: ANXIETY BUILDING AROUND THE TRADE ANNOUNCEMENTS AND IT SEEMS NEGOTIATIONS WILL GO DOWN TO THE WIRE COME JULY 9.WE ARE SEEING STOCKS DOWNS, BONDS DOWN, DOLLAR HIGHER BUT THE ...

Market Dynamics & Geopolitics - US government aims to restrict China's access to advanced technology due to national security concerns, signaling strong demand control [2] - Despite restrictions, NVIDIA desires to continue selling into the Chinese market long term [1] - US has been preparing for supply chain localization for years, evidenced by Taiwan Semiconductor's Arizona fab [4] - Concerns exist regarding the impact on companies exposed to potential restrictions, particularly American companies [5] NVIDIA's Position & Demand - Industry anticipates NVIDIA will maintain its leading position, with no demand issues expected through 2025 [9] - Demand for AI chips is strong, potentially reaching $500 billion to $700 billion by the end of the decade or higher [6] - The technology is primarily enterprise and sovereign AI focused, reducing reliance on China compared to consumer technologies [7] Supply Chain & Alternatives - The industry is exploring hardware alternatives beyond NVIDIA, including companies involved in custom silicon and inference, such as Stellar Labs [11] - Potential impacts on cloud providers like Oracle, which are building out cloud offerings in regions like Malaysia, need consideration due to GPU access limitations [10] Demand Signals - Key demand signals are tracked through GPU generation product roadmaps, AI, video, and supply chain partners [9]

Let's go to Cool Wave and cool scientific first because this is all about the need for compute. They actually hide the asset about a year ago for a much less price point. And since then core scientific shares have gone up a lot.So I think patience has paid off for them, although you might see that shares are down today. That's something we're following closely because you don't often see that in M&A, but because it's an all stock deal and core, we've is a pretty volatile stock that could be weighing on shar ...

Trade Policy & Geopolitical Risk - The US administration is employing a "maximum pressure campaign" to extract more concessions from trading partners [1] - The delay of deadlines to August 1st suggests a need for more political wins to portray trade negotiations as successful [2] - Sectoral tariffs, particularly Section 232 investigations into semiconductors, pharma, and metals, are looming and could be more consequential than reciprocal tariffs [2][4][5] - A fragile truce exists between the US and China, centered around rare earths and export controls, but either side could disrupt it [7][9] US-China Trade Relations - The US administration desires further trade talks with China and greater market access, but China's track record suggests potential disappointment [8][11] - Washington's conciliatory moves towards Beijing may be interpreted as weakness, leading China to push for more concessions [9] - President Trump has indicated a potential additional 10% tariff in response to perceived anti-American policies from BRICS nations [5] Corporate Strategy & Re-industrialization - Companies need a China strategy that considers the long-term and the historical challenges of US-China trade negotiations [11] - The US needs a strategy on rare earths to address its dependency on China [13] - Beyond tariffs, a broader array of support strategies is needed to re-industrialize the United States [15] - The removal of green energy measures from a recent bill hinders the creation of sustainable demand for nascent rare earth projects [14]

I think we just start with the basics, James, if we can. Why did you write that open letter to test this board. And why do you think they need to understand the formation of the America Party in the context of whether or not is a benefit to the company and Tesla's future goals.Well, good morning, Ed. The truth is that when you have a full time CEO in Elon Musk, who has been an extraordinary CEO, his time and energy needs to go to Tesla and synergistic companies like X, AI or Space X, a political party, rega ...

Platform Identity & Purpose - The industry observes that Threads lacks a clear purpose compared to platforms like X (formerly Twitter), which was known for breaking news [2] - The industry questions what makes users want to open the Threads app daily and make it a destination [6] - Meta's positioning and valuation of Threads, alongside platforms like WhatsApp, Facebook, and Instagram, remains unclear [4] User Engagement & Interaction - Threads is intended as a platform for the exchange of ideas and interaction, differentiating it from Instagram's more observational nature [5] - The industry notes that users are still searching for communities and reasons to engage consistently on Threads [6] News & Current Events - Threads seemingly missed an opportunity to establish itself as a news source, particularly during the last election cycle [3] - Recent changes suggest a potential shift towards incorporating more news content [4]

In this particular segment that we're talking about, it's people who are online influence influences to a certain extent. What have you learned and what's the need to know. Sure.So one in five Americans gets their news today from influencers. Influencers have a lot of power over what people think, especially politically these days. And what we heard from immigration lawyers is that despite influencers status as citizens in the U.S., they're being advised not to post on topics that the lawyers are considerin ...

Increasingly on this program at all of the dinners I'm going to there is a big battle to get in earlier. Actually, sometimes founders don't really have a fully baked idea. And reading your notes and the thesis, but also being subscribe, it's a tasting notes uncorked newsletter.That's that's kind of where the focus is right now. Absolutely. So here at Oncor, we are focused on seed investing.So we typically write the first institutional check into a company. We are really excited about what we're seeing in AI ...

Was there any read through for you that directly correlates to what you're seeing in the technology sector. And thank you for having me on. I tend to agree with Michael.I think the headline news sounds fantastic, but I think when you peel back the onion, private sector jobs, particularly in tech and innovation, are flat. CEOs today are trading on uncertainty in the market, whether it be the impact of the tariffs, the geopolitical environment. That said, I don't think it's a it's a negative situation because ...

Nvidia's Chip Advantage - Nvidia is on a one-year release cycle for its chips [1] - Blackwell Ultra offers an almost 50% performance upgrade in token overpriced testing [2] - CoreWeave's early access to Nvidia chips gives them an advantage over hyperscalers [2] CoreWeave's Business - CoreWeave has a backlog of approximately 26 billion dollars [3] - The latest Blackwell Ultra chips are expected to be used for training, while older series will be used for inferencing [3] - CoreWeave's stock price increased following the news [4] Supply Chain Dynamics - Dell is assembling the servers using Nvidia's chips and delivering them to CoreWeave [4] - Dell is prioritized in the supply chain before other server makers [5] Infrastructure Supercycle - Oracle and OpenAI's 30 billion dollar contract signals a significant infrastructure build-out [6] - The infrastructure supercycle is currently unfolding [6]