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Has Europe Already Lost the AI Arms Race? | Bloomberg Tech: Europe 06/20/2025
Bloomberg Technology· 2025-06-20 07:24
TOM: THE NEXT INDUSTRIAL REVOLUTION IS HERE AND IT'S POWERED BY AI. THE U.S. AND CHINA MAY DOMINATE, BUT IS EUROPE READY TO CLOSE THE GAP. NVIDIA IS BETTING BIG ON EUROPE, NEW AI FACTORIES, POWERFUL CHIPS AND BOLD PREDICTIONS.THE CONTINENT MAY BE LATE TO THE AI PARTY BUT NVIDIA RECKONS IT IS CATCHING UP. THE SEAL OF ARM SAYS THE CHIPS ARE READY BUT EUROPE'S GRID IS NOT. IT THEY WON THE U.K. AND THE REST OF THE CONSONANT FACE A POWER PROBLEM. >> THE U.K. IN EUROPE, THE ENERGY NEEDS ARE NOT IN THE TENS OF MEG ...
Meta Approaches OpenAI Staff, David Sacks on Genius Act | Bloomberg Tech 6/18/2025
Bloomberg Technology· 2025-06-18 21:09
>> "BLOOMBERG TECH IS LIVE FROM COAST-TO-COAST. CAROLINE HYDE NEW YORK, ED LUDLOW IN SAN FRANCISCO. ED: COMING UP, SAM ALTMAN SAYS THAT MEHTA OFFERED HIS EMPLOYEES SIGNING BONUSES AS HIGH AS $100 MILLION.CAROLINE: AND A WIN FOR THE CRYPTO INDUSTRY AFTER A STABLECOIN BILL PASSES THE SENATE. WE DISCUSS IT WITH DAVID SACHS. ED: ANOTHER EXTENSION OF THE SALE ON TIKTOK.FRANK MCCOURT JUNIOR TALKS ABOUT HIS BID. CAROLINE: IN THESE MARKETS, THE MACRO PERSPECTIVE IS THAT THE FED DECISION IS COMING IN A FEW HOURS AND ...
Klarna Boosts ‘Super-App’ Ambitions With Mobile Service
Bloomberg Technology· 2025-06-18 19:00
Welcome to the world of MVNO. It was a headline I didn't expect to see Sebastian. I mean, the simple question for Kleiner is why.Why do this. It comes back actually to the fact that we do believe the future is a digital financial system that helps you save time, save money. And in this case, if we not only identify that one of our customers can save money using this, but we can actually put it, bundle it together and offer it by this seamless experience of just a button.So, yes, I would like to get a better ...
Altman Says Meta Offering $100M Bonuses to Poach Staff
Bloomberg Technology· 2025-06-18 18:41
How fast is it out there right now. Well, there's a few things that we can draw from his comments on the podcast. One, it confirms that there's this new chapter in the AI talent wars.It's always been fierce, but it's reaching a new level now. $100 million bonuses is something we've never heard of before, and it's really telling of how much matter is willing to pay to regain its edge in this AI race. Oltmanns comments also highlight, Like you said, there is confidence that it's going to take more than just m ...
Amazon-Backed Zoox Opens Robotaxi Plant
Bloomberg Technology· 2025-06-18 18:26
The obvious question is like 10,000 robotaxis a year at full scale. It's a lot of potential, but what's the reality. Aisha, I've always known you to be very pragmatic.Give me the sort of target for this year and next year for what will roll off the line. Yeah, the reality is really first of all, thanks for having me and good to see you. The reality is that we're just ready.We are. As you know, we're very excited. We're finally headed to our commercial launch in starting in Las Vegas later this year.And from ...
Stablecoin Bill Will Boost Dollar Demand: Sacks
Bloomberg Technology· 2025-06-18 18:20
I think the immediate question is the immediacy of how quickly the bill passes to the president's desk and how you see that happening. Well, thanks, Ed. Glad to be here.So the next step here is for the House to take it up. And I think the House is considering its options, but I think we're basically at the finish line here. The House already passed a similar version of the bill called the Stables Act.And I think that we're very close here to having a bill that can go to the president's desk. There is also a ...
TikTok Ban Extension Likely the Last: McCourt
Bloomberg Technology· 2025-06-18 18:03
Frank. This is a never ending story, is it not. Well, it just does seem that it's it's taking a long time to get a deal made here.You know, you had the 270 days and then the the 275 day extensions and now another 90 days. So, yeah, it's it's been a while. But, you know, I've learned to be very patient, to hang around the group.A lot of good things get done when that happens. And, you know, my sense is and this is not a you know, this is purely purely my opinion, but I think this is the last extension. I thi ...
Scale AI’s Wang Joins Meta, Brings Deep Industry Connections
Bloomberg Technology· 2025-06-17 20:02
You have been really helping paint a picture of what Alexander Wang brings to the table here at matter. What does he apart from clear. Tenacity.I mean, he's a fascinating character within the valley. He's not a household name, but I think if you work in A. I., you definitely know who this person is. He was kind of a like, you know, Wonderboy in the world, like, started a company when he was still a teenager, went through Y Combinator and then built Scale A. I., which has become this startup that delivers ki ...
Making Lithium Batteries Without Rare Earths From China
Bloomberg Technology· 2025-06-17 19:49
We have some tension here. Bloomberg's Joe Doe. The United States cannot produce rare earths in the volumes that are required.This is your whole raison d'etre. Emily very much for having me. Thank you.And he's exactly right. We don't produce anything in this country at scale that is used in a battery or that is a rare earth. Exactly what he said is applicable to our battery materials.So what pure lithium has done is we have invented our way out of this problem. We know that you cannot copy paste China's lit ...
Investing in the AI Buildout
Bloomberg Technology· 2025-06-17 19:40
I'm interested in what you think about the federal support of chips and the incentives to build here in the United States. Ultimately, is that what you want to see from a profit margin perspective. I think it highlights the importance of semiconductor industry as a whole, the strategic importance.But I think it's not just us, right, globally. Each country, they want to see more capacity built domestically for domestic consumption. So I think broadly speaking, it's too early to tell whether or not it's neces ...