Why London. We have a huge pipeline, actually, by the way. Thanks for having me.I'm very excited to be here. We have a huge pipeline of of researchers, engineers from Europe and also DeepMind that want to join Luma. And also, London is the gateway for the business in Europe as well as Middle East.So it seems to be the right place, too, to have our second office outside of Palo Alto in the area. So, yeah, today is our launch of the London office. I have a feeling Demis Hassabis over at DeepMind and the labs ...

Considering where IWC sits in the market and everyone that attends Reinvent, Probably the question most people would have is if I am a large enterprise and I have multiple teams, multiple desks doing multiple things, how do I deploy three of these frontier agents to the smaller base out of it does. Hey, here's a database. We're building the foundation for billions of agents, and that's an understatement.So what we launch with these frontier agents is essentially a new category of agents, because while so mu ...

AI Strategy & Product Development - AWB is focused on enabling businesses to innovate and improve their operations by leveraging AI technology [1] - The company is launching 29 new features, including voice interaction using Nova Sonic, AI-powered teammate assistance for customer service representatives, and clickstream-based recommendations [5][6] - A key focus is on making AI observable, allowing companies to inspect AI reasoning and tool usage, similar to managing human employees [7] - The company is developing a new generation of IWC silicon, server design, and NOVA model, along with frontier agents [2] Workforce Transformation - The company envisions a future where everyone manages a team of AI agents, with frontier agents assisting in software development, Slack ops, DevOps, and security [9] - The goal is to create a hybrid workforce where people and agents work together, increasing the number of useful agents [8] Internal Adoption & Future Vision - Amazon teams are actively using and testing new Frontier agents internally in beta [12] - The company encourages experimentation with AI across all teams to discover new ways of working and transform operations [13] - The company aims to be a leader in AI, leveraging its full stack capabilities from clean energy to chips, data centers, and models [15]

Model Performance & Innovation - Runway's latest V2 model, Runway Ten 4.5%, tops performance charts across all other models [2] - The company is the first to lead leaderboards, surpassing large research labs with consistent, realistic, and creative results [2][4] - Focus, research, and efficiency enable the company to compete with larger research labs [4] - The company has been developing models for almost seven years, building intuition and momentum for improvement [5] - Algorithmic improvements, data captioning, structuring, and model testing are key to pre-training [7] Business Model & Monetization - The company raised $300 million in April with a $3.3 billion valuation [6] - The company utilizes subscriptions and credits for model usage [10] - The model is being released to gaming companies, studios, brands, production companies, and creatives worldwide, with tens of millions of users [10] - The company makes money every time the model is used, with good margins [11][12] - The model is cost-effective compared to other models while maintaining top performance [13]

E-commerce Sales Trends - Black Friday sales reached $62 billion, a 25% increase from the previous year [1] - Peak sales hit $51 million per minute on Black Friday [1] - Real-time global commerce is approximately $25 million in sales per minute, with about 25,000 orders per minute [3] - Shopify has seen nearly 70 million unique shoppers [3] Geographic Performance - Top selling countries for Shopify include the U.S., U.K., Australia, Germany, and Canada [5] - Top selling cities in the U.S. are L A, New York, and San Francisco [5] - 17% of orders were cross-border, indicating international shipping [6] Consumer Behavior & Preferences - Consumers are buying more items for their home, such as kitchenware, puzzles, and blankets [8] - Consumers are geographically agnostic and prefer to buy from brands they love [9][10][11] - Consumers are shopping brands, not just channels, indicating a post-channel world where they interact across various platforms [11][12] AI Integration - AI-driven traffic to Shopify stores has increased sixfold since January [13] - Shopify has integrated with platforms like Perplexity and WeChat, allowing brands to sell directly within conversations [14] - Merchants are using AI tools like Sidekick to design, create marketing copy, and analyze data [16] Economic Factors - Shopify is tracking consumer confidence and spending appetite at checkout, currently seeing $25 million going through checkout every minute [18][19] - Shopify is developing tools to help merchants navigate cross-border tariffs and global uncertainty [20]

So you you're about the builders and the companies that are trying to use the underlying technology to like, but just paint the macro picture right now. What does bring institutional retail money back in to the ETFs or to the crypto as they stand. Sure.I mean, your previous guests have mentioned the Bank of Japan News, which was significant for Bitcoin as well as the broader crypto markets. And we've seen crypto since the ETFs have been issued and we've seen more institutional involvement move more in line ...

It is the first day of December, and actually a couple of hours ago, we started things looking pretty bleak. And Nvidia has turned a corner, which has kind of changed a little bit the tone, but basically tech lower, crypto lower and we started December risk off mode. Why.Yeah. I mean, we had a really solid rally last week, you know, on those expectations that the Federal Reserve will be cutting interest rates in December. But as we start of this new week, there's been a a turnaround in that sentiment.And I ...

We're thoughtful, along with open, thoughtful in aligning on and taking into consideration the visibility of demand and their financing capabilities. And so I think the the the ambitions large but the execution is disciplined as tech firms ramp up spending on advanced chips and data centers. Concerns are mounting that the boom is being propped up by a wave of circular deals.At the center of it all is Nvidia, the company often described as selling the shovels in today's gold rush as it strikes megadeals to i ...

AI Bubble Concerns & Sustainability - The report focuses on concerns about a potential bubble in the global AI industry, fueled by multibillion-dollar circular deals [1][3] - Questions arise regarding the sustainability of AI spending by Asia's tech players [2] - Nervousness persists despite efforts to downplay criticism, particularly concerning revenue justification for the AI revolution by 2030 [3][6] - Concerns exist about suppliers funding customers, customers investing in suppliers, and murky revenue-sharing agreements [4] - Some skeptics warn of an overdue correction, while others remain confident in AI's long-term potential, suggesting a bubble has merely gotten ahead of itself [10] Key Players & Strategies - NVIDIA is central, described as selling the "troubles" in today's AI job rush, engaging in mega-deals to invest in companies that buy its products [5] - SoftBank's AI exposure is examined, including its investments in OpenAI and massive data hubs, raising investor fears of potential backfire due to rising debt [16][17] - Foxconn's chairman addresses concerns about circular deals, emphasizing the potential for AI in manufacturing and daily uses, highlighting the demands are real [11][12] - Alibaba's CEO doesn't foresee an AI bubble forming in the next 2-3 years, believing resources for AI won't meet demand [36][37] Financial Implications & Market Dynamics - SoftBank sold its entire stake in NVIDIA for $58 billion to bankroll AI ambitions, amplifying market anxiety over an industry bubble [7] - Bloomberg Economics sees demand for Korean chips surging by 35% next year, almost twice the current clip [8] - Oracle's stock performance is noted, giving up gains made since striking a $300 billion deal with OpenAI, suggesting investors are penalizing the shift to AI [23] - OpenAI is committing over $13 trillion in the next few years, raising questions about the source of funding [27]

Angela, what do you what do you make of this sort of race between Alphabet and in video that we've seen play out over the last couple of days, the narrative shift that, hey, wait a second, Alphabet with a ten year old product might actually have something that could compete with in videos, GPUs. Do you buy it. Yeah, and thanks for having me, Tim.The way I look at this, it is Listen, Nvidia has had the 90% plus market share in the compute side, right, with their GPUs. Our view the whole time was that they we ...