They've been told to go for launch. Launchpad and this is symbolic from a geopolitical perspective on who is on board. Yeah, we'll get to the crew.But you know, I think this might be a first for Bloomberg Tech if we ever carried a launch live. I don't know. But with 10 seconds on the clock, Let's listen in.T minus ten, nine, eight, seven, six, five, four, three, two, one. Mission critical power and liftoff. Together, we rise as NASA's space, go live in the heads up to the International Space Station.Touchin ...

Growth & User Engagement - Roblox platform boasts five experiences exceeding 10 million daily active users [2] - Daily active users aged 13 and above increased by 64% year-on-year [2] - API debuts grew over 76% year on year, indicating platform expansion [5] - Q2 bookings growth exceeded 50%, driven by Robux spending [8] Market Position & Vision - Roblox aims to capture 10% of the global gaming content market [2][5][9] - Currently, the platform accounts for approximately 3% of the global gaming market [5] - The company envisions a future with a $1 billion studio on the platform [13] Advertising & Monetization - Advertising is recognized as a significant revenue opportunity for both Roblox and its creators [6][7] - Video advertising has been launched, initially targeting older users [8] - Advertising is expected to be a key component when Roblox reaches 10% of the global gaming market [9] Creator Ecosystem & IP - Four of the top five experiences were created within the last year, highlighting the dynamism of the creator community [3] - Roblox is exploring licensing deals to franchise successful games created on the platform [9] - The company facilitates connections between brands/IP (e g, Netflix's Stranger Things, Squid Game) and developers, creating win-win scenarios [11] - Roblox aims to create a liquid market for M&A activity involving game developers and studios on its platform [12] - "Grow a Garden" was refined and tuned into the largest simultaneously played game in history of the Guinness Book of World Records, going over 20 million concurrent players [14] Safety & Regulation - Safety is a top priority, with proactive innovation in age estimation and content filtering [16][17] - The Online Safety Act is expected to have an impact, but Roblox has already been innovating in safety measures [15][16]

Financial Performance - Reddit's advertising revenue grew by 84% year-over-year [2] - International revenue accounts for approximately 20% of total revenue [13] - International advertising revenue grew over 70% in the quarter [13] User Growth - User growth increased by 21% [2] - Active advertising grew by 50% year-over-year [2] Strategic Initiatives - Reddit is investing in capabilities to enhance the value of each impression for marketers [4] - Reddit is expanding its sales team across verticals and geographies [5] - Reddit is developing a distinctive destination search experience, integrating Reddit answers with core Reddit search [6][8] - Reddit is exploring monetization opportunities within Reddit search [6][8][9] - Reddit is open to data licensing conversations, recognizing Reddit's contribution to AI models [10][11] - Reddit is focusing on growing local communities through partnerships in sports and entertainment [14] - Reddit is utilizing AI for machine translation to facilitate global conversations [13]

Apple's Challenges - Apple stock's performance is tied to the iPhone replacement cycle, which is delayed, potentially hindering its ability to outperform [1][2] - Apple's generative AI capabilities are perceived as lagging behind competitors like Google, potentially weakening the iOS ecosystem's appeal [3] Amazon's Cloud Performance - Amazon's cloud growth, while at 17%, is facing margin pressure, with margins decreasing to 32% from 39% last quarter [4][5] - The market is concerned about Amazon's cloud margins compared to competitors like Google and Microsoft [5] - Amazon is investing heavily in areas like Kuiper and same-day delivery, which are not yet generating significant revenue, causing investor concern [9] - Amazon's AI strategy focuses on hosting other companies' large language models on its cloud platform [10] Cloud Market Dynamics - 85% of companies are still using physical servers, representing a significant opportunity for cloud providers like Amazon [7] - Amazon is still the largest cloud provider, being 65% bigger than its next closest competitor [6]

What do you think in terms of Apple's seeming resilience and growth in China. Yeah. I think that there you know, Carnegie is still in demand and they did some pricing adjustments to make it more attractive to sit under the subsidies.And at the end of the day, I think it's still a really high quality product and brand. I think that what matters going forward is their product innovation around AI and improving Siri. You know, I think that that you had a period where while we came back and took share back and ...

It wasn't just the ad pricing in the quarter gone or talking up all of their prowess or narrowing the CapEx range. The thing that surprised many was them saying next year, 2026, we will grow CapEx. What did you make of that.Word now, and it tells you that the spending on AI really does continue. I mean, I think everybody's been concerned that the spending is going to drop off a little bit. But from a dollar perspective, many talked about how 2026 will see, you know, substantial increase in CapEx similar to ...

Kleiner Perkins history with Dylan Field, the CEO goes way back. And I'm just interested as to your perspective of what you saw in him in that series. BROWN Yeah.So we've been fortunate partners with Taylor Fields for the last eight years or so, and Dylan always embodies the spirit of what we embody. Kleiner Perkins We want to back founders who make history. And Dylan is certainly one of those.And we actually look back at our investment memo from 2017. We wrote something like Dylan and Evan are special foun ...

There's actually like a lot of granular questions about what you're spending on whether it's a kind of shift to offer more in the air domain beyond the core CPU. Could you just explain a little bit of where that's based. Yeah.Happy to. And good morning. And thanks for. Thanks for having me this morning.So a few things that are going on with our business. We just came off our first quarter. We're in our first fiscal year.We've never actually in the first quarter ever had $1,000,000,000 in revenue. That was a ...

Diversification Strategy - Qualcomm aims for 50% non-handset revenue by fiscal year 2029, projecting $22 billion net revenue from the handset business by then [3] - The company is diversifying into areas like data centers and robotics, which are expected to provide upside to the existing plan [4] - Qualcomm is experiencing double-digit growth in non-Apple QCT (chip business) revenues for the second consecutive year, with a 15% growth rate [3] Market Dynamics & Growth - The handset market is not growing, prompting Qualcomm to focus on diversification and growth in other sectors [6] - Qualcomm's Android business is growing at approximately 10% annually, exceeding the initially projected 5% growth rate [8] - The company is seeing increased AI usage in devices, exemplified by the Samsung Galaxy S25's use of Google Gemini ES3 X triple [12] Automotive Business - Qualcomm's automotive business growth is driven by converting design wins into revenue as cars featuring their technology launch [16] - Content per vehicle is increasing due to more computing power being integrated into digital cockpits, ADAS (Advanced Driver-Assistance Systems), and autonomy features [17][18] Technology & Innovation - Qualcomm possesses unique and competitive IP across various areas, including computing IP on CPU and AI accelerators [6][7] - The company is expanding into the AI at the Edge with industrial applications, with IoT exceeding expectations due to new personal AI devices like Meta glasses [7] - Qualcomm demonstrated a 1 billion parameter model running on smart glasses, enabling immediate responses [13] Legal & Partnerships - Qualcomm is fully licensed for Orion CPUs and can continue building ARM-compatible CPUs following a trial [20]

Fan Base & Community - The company has a large and enthusiastic fan base that attends events and expresses strong support for Elon Musk and the company's products [1] - Fans show their support through merchandise like t-shirts referencing past product launches and slogans like "don't bet against Elon" [1] - Some fans have invested significant portions of their life savings in the company [4] Product Excitement & Future Vision - The company's supporters are particularly excited about the potential of robo taxis and Optimus [2] - The Cyber Cab, a car without a steering wheel, was showcased at the event [2][3] - A 3D printed Cybertruck was available for children to color, indicating efforts to engage younger audiences [2] Investor & Customer Overlap - There is a significant overlap between Tesla car owners and investors in the company, with some becoming investors after buying a car and vice versa [4]