>> BLOOMBERG TECH IS LIVE FROM COAST-TO-COAST WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. ED: THIS IS BLOOMBERG TECH. APPLE CLOSES A RETAIL STORE IN CHINA FOR THE FIRST TIME EVER.WHAT THIS MEANS FOR THE IPHONE MAKER'S TO REVIVE SALES. CAROLINE: U.S. AND CHINESE OFFICIALS CONTINUE TALKS TO EXTEND A TARIFF TRUCE WITH TECH EXPORT CONTROLS UNDER THE MICROSCOPE. ED: WE DISCUSSED SO IF I'S SECOND-QUARTER EARNINGS AS THE STOCK SURGES.CAROLINE: IT IS ALONE IN TERMS OF SEARCHING RIGHT NOW. IT FEEL ...

Go back to maybe even three years. And this is where a lot of people said the promise in the near term was in health care. You know, the administrative task.But the round is big. I mean, what do you need, $243 million today. Yeah, I think this this round, $243 million values the company at $1.25% billion.Now, that round is led by Oak H. CFO Andreessen Horowitz, and with participation from Openai, I think it's a testament to this platform that we've built for health systems, which liberates clinicians from t ...

This single seems to be about employee pay in some ways and taxes upon that. Yeah, in some ways Spotify is a victim of its own success. They've basically said that because they've been doing so well in the stock market, they've had to pay out a lot more than they anticipated to employees for payroll taxes and whatnot.And so that ended up in a loss in earnings per share. There's a lot of like earnings, mechanics and financial wizardry around this kind of stuff. Is there a kind of core Spotify story actually ...

The context now is one of which US and China are setting themselves up for this race, whether it be in AI, whether it be in manufacturing, whether it be in energy, which is the most important outcome. Do you think, in terms of where we take trade going forward. The most important outcome is going to be American security, prosperity and leadership.And that's what all of these trade negotiations are about. They're a means to that end. China has built a massive manufacturing economy. The United States has buil ...

Just first of all, this signal that we're getting pulling back from one particular area, bricks and mortar in China, is it a big deal for Apple. China is a huge deal for Apple. Let's put it in perspective.This one particular store. There's a question mark about this mall. You've had other retailers, U.S. based retailers like Coach Hugo Boss have gotten out of there.So I'm not sure how much to read into this one particular mall. But let's dial the lens back and talk about the big picture in China. China is a ...

You've kind of invested in fee based business lines. Many of them, they've been consistent. But now what the market seems to be seeing is that flowing through to the bottom line as well.Would you just explain how that went in the quarter. Sure. We've made a conscious effort to diversify our business into these capital light, less credit risk fee revenue streams, one of which is our loan platform business, where people pay us to use our originations platform, which includes our underwriting capabilities, our ...

When you are covering Microsoft, one assumes you have to model in this relationship with open API, both the financial exposure but the technology exposure as well. Yeah. What did you hear then and what do you make of it.Yeah. So first of all, congratulations on breaking that news story. So that's incremental development.And we actually published our note later yesterday and we didn't cover the detail reporting that you guys did. So that certainly is a wrinkle, but it does not change the overall thesis. Our ...

Microsoft and OpenAI Relationship - Microsoft invested in OpenAI with the condition of limited access to their technology, especially if OpenAI reached AGI [1] - Microsoft is concerned about losing access to OpenAI's technology if OpenAI achieves AGI [2] - Negotiations are ongoing to ensure Microsoft's continued access to OpenAI's technology, even after AGI is achieved [2][3] OpenAI's Corporate Restructuring - OpenAI aims to alter its corporate charter for more flexibility and increased fundraising capabilities [4] - SoftBank's potential investment is contingent on OpenAI completing its restructuring by the end of the year [4][5] - The restructuring deadline creates pressure on both sides to reach an agreement [5] Financial Implications - OpenAI seeks a larger share of the value it adds, recognizing its significant contribution [5][6] - Microsoft secured a favorable deal in 2019 when it initially invested in OpenAI [6]

Leadership & Structure - Mark Zuckerberg is highly involved in Meta's AI-related projects [2][4] - Meta has established a superintelligence lab to develop a new AI model with human-level capabilities [3] - I Changa Zhao is the new chief scientist of the superintelligence lab [3] - Yann LeCun remains the chief scientist of Meta's AI Research Division (Thayer Group) [3][4] Talent Acquisition - Meta is building a superintelligence group, initially targeting around 50 people [5] - The superintelligence group currently has approximately 30 members [5] - Meta is likely still actively hiring for the superintelligence group, prioritizing talent acquisition over a fixed headcount [4][6][7] Strategic Focus - Meta's focus is on developing a superintelligent AI model [3] - The company emphasizes attracting and retaining top AI talent [7]

Industry Events & Competition - China hosted the World Conference in Shanghai, showcasing robotics [1] - The US is perceived as lacking a cost-effective competitor in the robotics field [2] Technological Advancements & Market Potential - The robotics industry is forecasted to reach trillions of dollars by 2050 or 2030 [3] - China possesses leading AI researchers and a robust domestic supply chain for robotics [3] Skepticism & Real-World Application - There are questions regarding the translatability of showcased robotics technology to real-world applications [3]