♪ DAVID: COMING UP ON "BLOOMBERG THIS WEEKEND," PRESIDENT TRUMP THREATENS TO HIT IRAN WITH A THOUSAND MISSILES IF HE IS TARGETED FOR ASSASSINATION AS THE U.S. DEMANDS IRAN TELL THE WORLD THE STRAIT OF HORMUZ IS OPEN. CHRISTINA: MORE THAN 20 U.S. WARSHIPS PATROLLING IN THE MIDDLE EAST. WE SIT DOWN WITH AMERICA'S HIGHEST RANKING NAVAL OFFICER.>> AT THE END OF THE DAY, THE GREATEST COMPLIMENT WE CAN GET AS THE NAVY IS TO BE NEEDED AND UTILIZED. DAVID: APPLE SUES OPENAI, QS APPROACHING WORKERS AND STEALING COMP ...

BREAKING: AI is draining Big Tech's cash while chipmakers reap the rewards. https://t.co/hFmkOUNKj2 ...

For a year, the trade was simple: dump Bitcoin and gold, pile into AI stocks.Bitcoin and gold ETFs bled $12 billion. Chip ETFs pulled in $20 billion.Every dollar that abandoned Bitcoin went and blew the biggest bubble since 2000.That trade is about to reverse. https://t.co/cvKVrSgkLk ...

Ed Ludlow, host of Bloomberg Tech, joins us now here in New York for more on the two giants relationship souring. This is kind of a window into what you've talked so much about this war for talent in Silicon Valley right now centering on on AI. Christine, you mentioned those Tang Tan, Johnny Ive, legends kind of of Apple's hardware operation have been brought open brought over to to OpenAI to work on on new products there.What does this story say about that broader fight that's taking place. Well, the I mea ...

♪ TOM: GOOD AFTERNOON, EVERYONE. "BLOOMBERG MONEY," WEALTH MANAGEMENT, RETIREMENT COMING AND HERE WE ARE, TOM KEENE AND SCARLET FU WITH A GREAT SET OF GUESTS AND CONVERSATIONS TODAY. WE HAVE TO DO THE IPO.SCARLETT: HAPPY SK HYNIX LISTING DAY. SOME PEOPLE WANT TO LOAD UP, BUT EXTRA. TOM: HE'S GOT SHARES, HE'S LUCKY THAT WAY.WE WILL GET TO MANDEEP SINGH IN A MOMENT, SURELY AN EXPERT IN TECHNOLOGY. I'M INTERESTED IN INFLATION IN THE FIRST HALF OF THE YEAR, WILL IT BE AS BIG AS -- IN THE SECOND HALF OF THE YEAR ...

AI Infrastructure & Market Dynamics - The AI midcycle slowdown is considered over, with current market volatility and price corrections viewed as a bottoming process rather than a long-term decline [42][67][141] - Compute demand is projected to grow exponentially as consumer agents emerge, with Goldman Sachs estimating that consumer agents will consume 30 times more compute than coding agents [35][48][142] - Enterprise AI spending is expected to expand annually, as businesses that fail to increase their AI budgets risk losing competitiveness [29] - The market is shifting from coding agents to consumer agents, necessitating a revaluation of companies like Apple and Meta based on future Return on Invested Capital (ROIC) [43][44] Financial Performance & Corporate Strategy - Samsung is expected to reach 217 billion USD in earnings for the current year, surpassing its combined earnings over the previous 40 years [62] - Semiconductor and memory firms, including Micron and SK Hynix, remain critical beneficiaries of the AI buildout despite recent price corrections [59][64] - Regional banks are identified as potential targets for consolidation, as AI integration allows for headcount reduction and immediate accretion [113] - Healthcare and insurance sectors are increasingly deploying sovereign AI, with companies like Eli Lilly utilizing internal compute resources to advance biotech research [109][110][111] Crypto & Macro Trends - Bitcoin is positioned for a multi-year bull market, with the current price range viewed as a bottoming phase before potential growth toward 100,000 USD [74][86] - The U.S. administration is increasingly focusing on digital assets, tokenization, and stablecoins as essential components of the future global financial guardrails [84][85]

Industry Dynamics - Big Tech companies are experiencing significant cash outflows due to heavy investments in Artificial Intelligence [1] Market Trends - Semiconductor manufacturers are capturing the primary financial gains from the current AI infrastructure spending boom [1]

AI Development Strategy - AI advancement requires a dual focus on enhancing technical capabilities and ensuring safety protocols [1] - Industry stakeholders must prioritize responsible innovation to maintain global competitiveness and progress [1][2] Governance and Policy - Policy makers are tasked with establishing regulatory guardrails that balance societal protection with the promotion of technological discovery [1] - Proactive engagement with technology is essential to ensure that the benefits of AI are distributed broadly across society [2] - Retreating from technological advancement results in the loss of the opportunity to shape future industry standards and outcomes [2]

Industry Perspective on AI Development - Nvidia CEO Jensen Huang characterizes AI agents as "electrons, not atoms," emphasizing their digital nature rather than physical existence [1] - Industry leaders advise against the anthropomorphization of AI agents, suggesting they should be viewed as functional tools rather than human-like entities [1] Strategic Positioning - AI agents are compared to autonomous dishwashers, highlighting a focus on task-oriented automation and utility within the technology sector [1]

Now, at some point, this acceleration gap is going to continue indefinitely, and that's why you will have cycles. But, at least in the near future, we don't see that changing materially. So, it's right now, I would say, a very earnings-driven market.Uh, there's segments of the market that are frothy. >> What's looking frothy. >> I mean, there's so many deals getting done at 50 times revenues, et cetera.And some of the companies are growing so fast that it justify that because you suddenly that 50 times reve ...