We have some breaking news crossing the Bloomberg terminal. Perplexity says that they've made an unsolicited bid to Google today, offering $34.5% billion to purchase its Chrome browser. I'm going to repeat that.Perplexity has sent says it sent an unsolicited bid to Google this Tuesday. $34.5% billion for the Google Chrome browser. That's a significant and interesting piece of news.We're going to get the shares of Alphabet, the parent of Google up very soon, and we're going to talk to Bloomberg Fisherman, wh ...

>> BLOOMBERG TECH IS LIVE. >> THIS IS BLOOMBERG TECH. COMING UP NVIDIA AND AMD -- >> PLUS, INTEL CEO IS SET TO VISIT THE WHITE HOUSE. >> LITHIUM PRICES AND STOCKS SPIKE. >> WE RETURN TO THESE MAJOR MARKETS. THIS IS AN ENTIRE SHOW FOCUSED ON THE SEMI CONDUCTOR WELL. BY BRINGING THE CHIP SECTOR IN PARTICULAR. THE MACRO PICTURE RIGHT NOW, INFLATIONARY DATA. WE ON THE SHOW ARE LOOKING AT SEMI CONDUCTORS. ED: MACRON IS RAISING GUIDANCE BECAUSE OF PRICING POWER. THE CEO, LIP-BU TAN, OFF TO THE WHAT HAS TO BE THE ...

Ross Cosmos cosminaut grill Pasco NASA astronaut Nicole ears brace for drug window. There are those two visual and two healthy drugs. Endurance spacecraft as it makes its way to its splashdown site.SpaceX Dragon slowed down to about 35 km per hour. Again, it'll continue to slow down. SpaceX Dragon 400 meter Dragon 400 brace for splash down.SpaceX on board for power 128 volt converter. No crew action required at this time. Stand by for more words in today.As part of the preparation for this lift, one member ...

US-China Trade Relations & Semiconductor Industry Impact - The discussion revolves around the implications of potential trade restrictions and export licenses on US semiconductor companies, specifically NVIDIA and AMD, in relation to their access to the Chinese market [1][2][7] - Concerns exist regarding a potential "quid pro quo" arrangement, where companies might be required to concede a percentage (15%) of revenue in exchange for export licenses to China [2][3][4] - The industry worries about the precedent this sets and the potential for it to expand to other products and companies beyond AI [2] - The long-term impact on NVIDIA and AMD's access to the Chinese market is questioned, considering the current US sentiment towards China [7][8] Competitive Landscape & Market Dynamics - The importance of maintaining a presence in the Chinese market to compete with local alternatives like Huawei is highlighted [2][10] - Concerns are raised that restrictions on US companies could lead to Chinese developers coalescing around local alternatives [10] - Over time, the performance gap between products NVIDIA and AMD can sell in China versus the rest of the world may widen due to restrictions [10][11] - China's local products are improving, potentially becoming more competitive with restricted NVIDIA and AMD offerings [10][11] Company Strategies & Government Relations - NVIDIA has a roadmap with products that are supposedly compliant and don't require a license for sale in China [8] - AMD's future China roadmaps are less clear [9] - AMD believes the US government is trying to find a balance between national security and ensuring the proliferation of US AI technologies [13] - AMD CEO Lisa Su is perceived to be effectively building relationships with the US administration [14][16]

Joanne, what is it that you would like to see Lipton manage to navigate today. Is it better that he promises more investment into the US, more manufacturing and that he has extricated himself from China. Or ultimately, does he even need to stand down in some way as CEO.Yeah, it's really I think it's really unclear, Caroline. Obviously, I think he can defend himself from the concerns that that he's conflicted, and that's his main mission today. I don't know if that means he needs to do more to separate from ...

US-China Trade & Technology War - The US is potentially imposing an export tax on companies exporting technology to China, which is unorthodox and possibly unconstitutional [1][2] - The administration's pursuit of revenue generation through trade policy and export controls, including high-end semiconductors, raises questions about the definition of "too advanced" technology [3] - Companies like NVIDIA and AMD have received initial China licenses for chip exports [3] - China expresses concern about information security and potential backdoors in US technology, particularly drones [5] - The US aims to create an American chip champion amidst Intel's challenges, suggesting potential dealmaking [6] - The long-term access of companies to the Chinese market remains uncertain due to the intensifying US-China competition [4][7] Semiconductor Industry & Export Controls - The administration assumes that inference compute is not a primary national security concern [9] - If Huawei can produce comparable chips, US chip controls might ease to allow US companies to compete [9] - The US is in a highly transactional phase, and the degree of concern about end-uses and economic competitiveness remains to be seen [10] - The argument exists that restricting American technology exports could lead China to develop and export its own technology [11] - China is pushing for an easing of the 20% fentanyl tariffs and high bandwidth memory (HBM) chip restrictions [13] - Restricting exports to constrain Chinese chip production could help US companies gain market share in China [16] China's Leverage & Response - China possesses significant leverage through its control over critical raw materials and rare earth licenses [17] - China could restrict licenses for critical inputs, potentially paralyzing US production lines [17][18]

AI Chip Strategy & Setbacks - Tesla's move away from in-house AI chip manufacturing is a setback, impacting its vertically integrated approach [1][2] - The company will rely on both Dojo and Nvidia chips for AI model training [2] - Talent retention is a challenge in the competitive AI landscape, with startups offering large compensation packages [3][4] Market Valuation & Expectations - Morgan Stanley previously estimated a $500 billion market cap increase from Tesla's vertically integrated supercomputing approach, which now appears unrealistic [5] - The industry questions the realization of Tesla's AI ambitions and trillion-dollar valuation expectations [5][6] - Nvidia dominates the market for training chips, and Tesla's efforts to compete have not yet succeeded [6]

Financial Performance - Akamai's cloud infrastructure services revenue is up 30% year-over-year and is expected to accelerate to 40%+ year-over-year by the end of the year [1] - Akamai achieved a strong beat on the quarter with earnings per share up 9% at $1.73 [2] Strategic Direction & Market Opportunity - Akamai is pursuing a tremendous market opportunity in cloud infrastructure, driven by customer demand and strong tailwinds from Gen AI [1][3] - Akamai's distributed platform, with points of presence in 750 cities, allows it to offer enterprise compute instances and containers closer to end users, resulting in lower latency, better performance, and potentially lower prices [3] - A hyperscaler is an early adopter of Akamai's new managed container service, seeking to have compute instances in hundreds of cities [4] Security Landscape - Security is a major revenue driver for Akamai, with market-leading solutions for web app firewall, bot management, API security, and ransomware protection [1][7] - Attack rates and penetrations are increasing, driving demand for Akamai's security solutions that stop damage caused by attacks, including ransomware [7][8] Generative AI & Skills - Generative AI is making the field of security more evolving and nimble [9] - Akamai is seeing tremendous efficiencies across most job types by leveraging Gen AI, and is providing training to employees to use Gen AI tools [10] TikTok Situation - While there's always risk, Akamai believes a deal regarding TikTok has been structured, and the ban has been postponed several times [5][6]

Financial Performance - The company experienced a solid 37% revenue growth [1][2] - Gross margin stands at 87% [1] - The company exceeded expectations across the board on revenue growth and adjusted EBIT [2] Active Member Growth - Active member growth was 23% year-over-year in both Q1 and Q2, accelerating the rate [1][4] - Investors may be starting to understand the nuances of the business, including its seasonality [3] - Sequential quarter-to-quarter growth might be disappointing to some who don't understand the seasonality [4] Business Model & Strategy - The company focuses on serving everyday consumers and banking them in a primary account capacity [6] - The company is primarily a payments-driven business, not a lending business [7] - Credit and lending constitute a mid-teens percentage of the company's revenue [8] - The company aims to develop long-term partnerships with members, helping them avoid fees, build credit, and save [8] AI Integration - The company is leveraging AI to enhance the product experience and operations [11] - Over 70% of customer interactions are served with generative AI, leading to increased customer satisfaction [12] - The company envisions AI as a digital partner to help customers manage their day-to-day financial life [13]

Financial Performance & Guidance - The company delivered a solid quarter with accelerated growth, record non-GAAP income from operations, and free cash flow [1] - The company raised its guidance for the year, expressing confidence in the outlook [2] AI Opportunity & Investment - The company is seen as a beneficiary of the generational AI opportunity [1][3] - The company sees an opportunity to make short-term investments in AI, particularly voice AI, to drive medium-term benefits [5][7][8] - The company is investing in making its platform as simple as possible for customers to get started, especially with voice [15] Growth Strategy & Market Position - The company is taking market share from competitors in a price-disciplined way [5] - The company is focused on running the business with discipline, not growth at all costs [4][11] - The company's product-led growth strategy is successful, with many customers self-starting on the platform [14] - The company sees international opportunities for expansion [13] M&A Considerations - The company is always considering acquisitions but there is nothing specific to announce [7] - The company would not comment on potential M&A activity, but will always act in the best interests of shareholders [10]