Stargate partners OpenAI and Oracle announced plans to develop additional US data center capacity with OpenAI getting 2 million AI chips from Oracle. Bloomberg’s Brody Ford discusses with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here: https://www.youtube.com/playlist?list=PLfAX25ZLrPG ...

The impact of tariffs is just trickling into tech earnings, according to Grenadilla Advisory founder and CEO Anna Rathbun. She joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here: https://www.youtube.com/playlist?list=PLfAX25ZLrPGTygCwn55voYZ_LYyKjxokJ Get the latest in tech from Sili ...

Microsoft accuses Chinese state-sponsored groups of exploiting flaws in its SharePoint document management software in a hacking campaign. Bloomberg’s Jake Bleiberg joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech”. -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here: https://www.youtube.com/playlist?list=PLfAX25ZLrPGTygCwn55voYZ_LYyK ...

Company Strategy & Focus - The company is focused on building the country's first utility-scale quantum computer in Chicago [1] - The company's approach is centered on achieving the scale required for valuable commercial applications, specifically a million-qubit scale system [9] - The company is leveraging the semiconductor industry and its trillions of dollars of investment to build a utility-scale quantum computer [4][11] - The company is using a silicon photonics platform, developed over 20 years, to leverage the semiconductor industry [6] - The company is not focused on small demonstrations or proofs of principle, but rather on achieving utility scale [10] Competition & Timeline - The company differentiates itself by focusing on a million-qubit scale system from the beginning [9][11] - The company aims to build a utility-scale quantum computer, with others like IBM targeting similar goals by 2029 [7] Partnerships & Support - The company has strong partnerships with the governor, alderman, and the entire ecosystem in Chicago [13] - The company's decision to locate in Chicago was influenced by the understanding and support from the city and state, including power utility considerations [14] Investment - The company is committing at least $1 billion in capital to the project in Chicago [1]

M&A and IPO Trends - M&A activity is being led by startups, though RTS leadership in the media landscape remains relatively unchanged [1] - IPOs experienced a modest comeback in Q2, viewed more as a reset than a full rebound, with Figma being a key company to watch [2] - A rush towards new IPO filings is currently absent due to unresolved policy questions, particularly concerning tariffs [3] - Sectors focused on key policy priorities like crypto, AI, national security, defense, and fintech are driving recent exit activity [3] Secondary Market Dynamics - The secondary market is growing rapidly, with an annual value of approximately $60 billion as of Q1 [5] - $60 billion represents about 2% of primary unicorn valuations and a quarter's worth of primary VC exit value [6] - The secondary market's benefits are highly concentrated among the top 20 to 50 unicorns [6] - The total fund value invested in VC secondaries has doubled since 2022, indicating strong investor interest [7] AI and Global Market - Generative AI is dominating deal value, capturing about two-thirds of the deal value in 2025, but only about a third of the deal count [9] - The US continues to dominate the IPO market globally, but overall dealmaking activity remains muted due to volatility [10][11] - Venture investment is being affected by volatility and unanswered questions related to the Fed, tariffs, trade wars, and geopolitical tensions [11]

Lovable's Core Value Proposition - Lovable empowers users, including non-technical individuals, to create fully functional applications with front-end and back-end components through text-based prompts [3][5][6][7] - The platform democratizes application development, extending creation capabilities to the 99% of the population without coding skills [2] - Lovable caters to a diverse user base, including non-technical founders, semi-technical product managers, and experienced developers, enabling them to prototype and build applications more efficiently [5][6] Investment and Company Strategy - The company was invested in due to its technical founders and the impressive traction of the Lovable platform [1][4] - The company aims to align its interests with entrepreneurs to build significant and impactful companies [11] - The company prioritizes supporting its partners to achieve their desired outcomes, including potential acquisitions by larger companies, while also protecting the interests of its investors [11][12] Engineering and Talent Considerations - While Lovable simplifies application development, the need for engineers remains, particularly for maintenance, system integration, and critical thinking aspects of engineering [7][8][9] - The company focuses on aligning incentives with partners to retain talent and ensure the continued growth and success of the companies they invest in [10][11] - The company views potential acquisitions as opportunities for portfolio companies to reshape industries, while also generating value for investors [13]

Investment Strategy & Differentiation - The company is not a buy and hold Treasury, but an institutional vehicle generating risk-adjusted returns by actively managing Ether [1] - The company differentiates itself through unparalleled experience and proprietary technology in generating yield within the Ethereum space [3] - The company outperforms exchange-traded funds (ETFs) without yield and ETPs with limited staking capacity by staking, re-staking, and using Ether as collateral in the DeFi economy [4] Ethereum Ecosystem & Market Position - The company views Ethereum as the next generation of the Internet, enabling tokenization of infinite assets and deployment into smart contracts [6][7] - Ethereum benefits most from regulatory tailwinds as 90% of stablecoins and high-quality liquid assets reside on it [9] - Ethereum is poised to have gravitational pull, attracting more assets for settlement [9] Investor Confidence & Long-Term Vision - Capital partners are considered long-term investors, indicating confidence in Ethereum's potential [6] - Investors believe Ethereum is the next generation of the Internet, similar to Bitcoin but with broader capabilities [6]

Company Performance & Challenges - Tesla's stock decline in the past six months is partly attributed to a "reverse Trump train" effect following a high point after the election [1] - Tesla is attempting a difficult shift from car manufacturing to robo-taxis in a competitive market where it is not necessarily the leader [3] - SpaceX's Starship has experienced three successive explosions during test flights [3] - X (formerly Twitter) is behind competitors like OpenAI and Anthropic and is losing significant amounts of money [3] - Tesla's core car business has not been performing well over the last year [6] - Despite challenges, Tesla's stock remains expensive compared to other car companies and has not performed especially poorly recently, indicating a base of support [7] Leadership & Investor Sentiment - Elon Musk's feud with Donald Trump is a significant issue impacting the companies [1] - Investors are concerned about Elon Musk's time allocation among Tesla, SpaceX, and X [4][5] - There is tension among the companies regarding Elon Musk's priorities, with Tesla and X employees feeling they are his main focus, while SpaceX has a strong executive in Gwynne Shotwell [5] - Investors have suggested giving Elon Musk more equity to incentivize him to spend more time at Tesla, reflecting concerns about his commitment [6] - Elon Musk's public image has shifted from admired to unpopular, which could negatively impact his companies, especially given the importance of his personal brand [8]

I go to you first about the optimism already baked in the market. We're at record highs again. How high is the bar for earnings this week.They are having me on the bars pretty high as we come in the queue, too. It seems like a lot of companies are really posting some or are expected to post some results that are relatively resilient, especially compared to where people thought tariffs were going to be in early April, that the thought that that was going to hit margins pretty materially. We're looking at Q2 ...

Cybersecurity Vulnerability - Microsoft's SharePoint, a widely used data management application, is vulnerable to hackers, potentially affecting tens of thousands of businesses [1][2] - The U S Cybersecurity and Infrastructure Security Agency issued a warning about Microsoft's vulnerabilities, marking another instance of government scrutiny [3] - The vulnerability primarily affects customers using SharePoint on-premise who may not have updated to the cloud [4] - Microsoft has released instructions for patching the system and addressing potential impacts [5] Potential Impact - Hacked SharePoint systems could allow hackers to access files, teams, and emails, potentially causing customers to reconsider using Microsoft security products [4] - The cybersecurity issue arises approximately one year after a previous incident involving CrowdStrike, adding to the pressure on Microsoft's Cyber Security Division [2] - Microsoft's upcoming earnings report is expected to include questions about the potential impact of this vulnerability on customer behavior [5]