>> FROM THE HEART OF WHERE
INNOVATION, MONEY AND POWER COLLIDE IN SILICON VALLEY AND
BEYOND. THIS IS “BLOOMBERG TECHNOLOGY” >> LIVE FROM LAS VEGAS THERE
IS BLOO “BLOOMBERG TECHNOLOGY.” WE WILL DRILL DOWN INTO AI
INFRASTRUCTURE AND THROUGHOUT THE DAY WITH EXPERTS IN THE
FIELDS RIGHT HERE AT DELL TECH WORLD.
ELON MUSK DISCUSSES EVERYTHING FROM TESLA AND STAR LINK TO HIS
POLITICAL INVOLVEMENT. THE SECRETARY RETURNS WITH A
LOOK INTO OPEN AI’S FIRST STAR GATE SITE IN TEXAS.
THIS IS WHAT FINANCIAL MARKETS LOOK AT NOW.
I WOULD SAY WE ARE TAKING A BIT OF A BREATHER.
THERE IS SOFTNESS IN SPHBG NAMES AND SOME AMOUNT I.
STRUCTURE NAMESMENT ONE NAME TO THE UP SIDE SO PARED SOME IS
DELL TECHNOLOGIES. THE LAST 4 HOURS TALKING ABOUT
EXPANDED AMOUNT I. SOLUTIONS PARTNERSHIP WITH
NVIDIA. NVIDIA IS A POUNDS DRAG WHEN
THINK OF THE NASDAQ 100 OR STOCKS. TESLA IS UP 1%. IT HAD BEEN PUSHED WERE HIGHER
INTO PREACTIC BECAUSE OF STATEMENTS BY ELON MUSK.
HE SPOKE TO BLOOMBERG IN A WIDE RANGING INTERVIEW FROM THE
QATAR ECONOMIC FORUM WITH MICHELLE HUSSEIN.
HERE IS PART OF THAT INTERVIEW. >> TELL ME HOW COMMITTED YOU
ARE TO TESLA. DO YOU SEE YOURSELF AND ARE YOU
COMMITTED TO STILL BEING THE C.E.O. THERE IN FIVE YEARS TIME?
>> YES. >> NO DO NOT ABOUT THAT AT ALL? >> WELL, NO, I WOULD DIE. >> SHORT OF THAT. >> FIVE YEARS FROM THERE LET ME
SEE IF I’M DEAD. >> DOES THAT MEAN THAT THE
VALUE OF YOUR PAIN DOESN’T HAVE ANY BEARING ON YOUR DECISION? >> UH, WELL THAT IS NOT REALLY
A SUBJECT FOR ASKING IN THIS FORUM. I THINK OBVIOUSLY THERE SHOULD
BE COMPETITION SHOULD MATCH THAT SOMETHING INCREDIBLE WAS DONE.
BUT I’M CONFIDENT THAT WHATEVER SOME ACTIVIST POSING AS A JUDGE
IN DELAWARE HAPPENS TO DO WILL NOT AFFECT THE FUTURE
COMPENSATION. >> THERE IS THE JUDGE YOU TWICE
STRUCK DOWN THE $56 BILLION PAY PACKAGE THAT WAS AWARDED TO YOU.
ON CURRENT VALUE OF STOCK OPTIONS — >> NOT A JUDGE.
THE ACTIVIST WHO IS CAUGHT PLAYING A JUDGE IN A HALLOWEEN
COSTUME. >> THAT IS YOUR
CHARACTERIZATION. >> YES.
JUSTICE ACCORDING TO THE LAW. >> I THINK THE VALUE OF IS $100
BILLION. YOU SEE YOU ARE RELAXED ABOUT
THE VALUE OF YOUR FUTURE PAY PACKAGE.
YOUR DECISION TO BE COMMITTED TO TESLA AS LONG AS YOU ARE
WITH US ON THIS PLANET IS INDEPENDENCE OF PAY? >> NO. >> IT IS NOT INDEPENDENT SO PAY
IS A RELEVANT FACTOR TO YOUR COMMITMENT TO TESLA? >> IT IS SUFFER CONTROL SUCH
THAT I CANNOT BE OUSTED BY INVESTORS AND I SAID THIS
POSSIBLY BUT LET’S NOT HAVE THIS BE A DISCUSSION OF MY LESS
PAY. IT IS NOT A MONEY THING. IT IS A ROOM CONTROL OF THE
FUTURE OF THE COMPANY PARTICULARLY IF WE ARE BUILDING
MILLIONS OF CUMULATIVE ROBOTS. I CAN’T SIT THERE WONDERING IF
I’M GOING TO BE TOSSED OUT FOR POLITICAL REASONS.
THAT IS ALL THAT MATTERS. >> THAT WAS ELON MUSK SPEAKING
TO BLOOMBERG. I WANT TO KEEP THE CONVERSATION
GOING WITH DAVID WELWELCH. IN THE PREACTIC BECAUSE THIS
TOOK PLACE PRIOR TO THE PHAPBGT OPEN IN THE UNITED STATES THE
THING THAT MOVED THE STOCK WAS HIS EXPLICIT ITERATION HE IS
COMMITTED TO TESLA FOR THE NEXT FIVE YEARS WITH THE CONTEXT
THERE ARE CONCERNS ABOUT HIS POSITION AS C.E.O.
AND HOW LONG HE WILL STAY IN THAT ROLE. >> HE SAID HE WAS GOING TO STAY
THERE FIVE YEARS AND PAY IS NOT THE OBJECTIVE.
HE WANTS TO MAINTAIN CONTROL AND ALONG AS HE’S AUTOMOBILE IT
KEEP CONTROL IS KEY. THERE’S NO REASON THAT HE
CANNOT. HE WILL BE AROUND THE COMPANY
AND SINCE THE SHARES TOOK A HIT WHEN IT APPEARED HE IS OVERLY
DISTRACTED IF HE IS ENGAGED HE IS STAYING.
SHARES WENT UP QUITE A BIT ON THAT. THEY CAME DOWN LATER.
MAYBE EFRBS TALKING ABOUT TOO MANY THINGS AND INVESTORS ARE
GETTING THE IDEA HE WILL ALWAYS HAVE A LOT OF DIFFERENT
INTERESTS. BUT YOU ARE RIGHT. BOTTOM LINE IS HE WILL BE THERE
FIVE YEARS AT LEAST. HE WILL BE RUNNING THE COMPANY.
AND HE HAS HIS WAY OF CONTROLLING COMPANY.
THAT’S WHAT INVESTORS WANT TO KNOW. >> HE DISCUSSED SPACE X AND I
ENCOURAGE OUR AUDIENCE TO WATCH THE FULL 30 MINUTE CONVERSATION.
PART OF THE CONVERSATION WAS HAS POLITICS AND MLB HUSSEIN
PUSHED HIM ON WHETHER SALES HAD BEEN DAMAGED BY HIS ASSOCIATION
WITH THE TRUMP ADMINISTRATION. HE MADE A POINT THAT WEAKNESS
WAS LARGELY FELL IN EUROPE AND ALL AUTO MAKERS HAVE BEEN
SEEING THAT. WHAT DID WE LEARN ABOUT TEST
CAN’T R LA’S CORE BUSINESS? >> HE IS KIND EVERYBODY
DISMISSING THERE’S A LOT OF ISSUES AND TKHRAOEFRLD —
CLEARLY WILL ISSUES IN THE U.S. AND THEY HAVE MORE COMPETITION
IN CHINA AND CHINA. I THINK THE POLITICAL PART IS MORE RELEVANT IN EUROPE.
THERE’S A LOT OF RESEARCH THAT SHOWS THAT E.V.
BUYERS CONTINUED TO BE LEFT OF CENTER AND VERY LIBERAL IN
TERMS OF THE POLITICAL SPECTRUM AND SOME HAVE GONELESS WHERE.
GENERAL MOTORS SAYING CADILLAC IS GIVING 10% OF THEIR
TRADE-INS ACCORDING TO A CN PWFRBC REPORT COMING FROM TESLA
SO CLEARLY SOME COMPANIES ARE BENEFITING.
ONE THING HE SAID YOU ARE SEEING MORE POLITICAL LY
CONSERVATIVE CONSUMERS BUY TESLAS BECAUSE THERE WERE NOT
LOOKING AT THEM SO MAYBE THERE IS SOME MITIGATION TO SOME OF
THE SALES. BUT CLEARLY IT HAS TAKEN AN
EFFECT ON THE COMPANY SALES AND IT WILL BE SOMETHING HE WILL
HAVE TO DEAL WITH GOING FORWARD AT LEAST WITH FRESHER PRODUCTED
A MAYBE TALKING LESS ABOUT POLITICS IN THE FUTURE AS WELL. SKWRA>> OTHER STOCK WATCHING IS
ALPHABET. THE CONCERNS KICKS OFF WITH
MANY WANTING TO SEE THEIR AI ADVANCEMENTS.
YOU TAKE INTO ACCOUNT EVERY MORNING THE MACRO AND MICROMENT
THERE ARE TECHNOLOGY EVENTS HAPPENING ALL OVER THE WORLDS
MANY I’M AT LAS VEGAS AT DELL TECHNOLOGIES BUT IN SILICON
VALLEY GOOGLE IS SON THE WAY AND AS INVESTORS YOU HAVE TO
WAIT FOR COMMENTS. WHAT IS THE ANTICIPATION
DRIVING THIS NAME? >> THERE’S A LOT OF
ANTICIPATION ABOUT THIS WANT BECAUSE THERE’S A LOT OF HOPING
PUT ON ALPHABET THAT IT WILL BE ABLE TO SHAKE OFF SOME OF THE
A.I. CONCERNS THAT HAVE BEEN DOGGING
THE STOCK THIS YEAR AND REALLY TWO EVERY OF THEY HAVE BEEN
CONSIDERED THEIR MAC SHARE WITH AN INTERNET SINGLE IS AT RISK
WITH THE NEWER AMOUNT I. RELATED START-UPS SO IT IS
CRUCIAL TO DAZZLE INVESTORS AND SHOW NEW FUNCTIONALITY AND
INTEGRATION ACROSS ITS PRODUCTS AND APPLICATIONSMENT PEOPLE
WANT TO SEE THEY ARE A PAGE PLAYER IN HELP SHIFTING THE
NARRATIVE WITH ALPHABET BEING A HRLITTLE BEHIND BUT STILL BEING
AT THE FOREFRONT. >> YOU LOOK AT FINANCIAL
MARKETS I SEE LARGELY BIG TECH UNDER PRESSURE, NVIDIA TAKING
US LOWER. IS THIS CORE STORY TO THE TECH
SECTOR? >> I THINK PEOPLE JUST REMAIN
VERY FOCUSED ON THE ECONOMIC OUTLOOK.
THERE’S BEEN SO MUCH BACK AND FORTH WITH TARIFF POLICY AND
GOVERNMENT POLICY OVERALL. WE JUST GOT OUT OF THE EARNING
SEEN AND WHILE IT WAS A PRETTY STRONG SOUTHEASTERN THERE ARE
CONCERNS ABOUT WHAT IS THE NEXT QUARTER GOING TO BE LIKE AND
THE IMPACT OF TARIFF AND WHEN WILL WE SEE A BIGGER RETURN ON
A.I. INVESTMENT. COUPLED WITH VALUATIONS THAT
ARE IN THE MIDDLE OF THEIR LONGER-TERM.
THEY ARE WELL OFF THE LOWS FOLLOWING THE LOW IN EARLY
APRIL SO I THINK PEOPLE ARE IN A WAIT AND SEE MODE.
WHICH IS WHY TERROR LOOKING TO WANTS LIKE I.O.
TO SEE WHAT THE NEXT CATALYST WILL BE. >> WE WILL HEAR FROM THE C.E.O.
OF WHAT THE OPEN AI RIVAL IS DOING TO ATTRACT CLIENTS. ED: WELCOME BACK TO “BLOOMBERG
TECHNOLOGY.” WE ARE LIVE FROM LAS VEGAS AND WE HAVE ADEN GOMEZ FOR A
COMPANY THAT PROVIDES SECURITY TO BUSINESSES. THE ENTERPRISE. A REASONABLE QUESTION IS WHY
CO-HERE — WHY WOULD YOU LOOK SO DEEPLY AT INFRASTRUCTURE AND
I THINK THAT TAKES US TO AGENTIC AI AND AI MEMORY AND
WHY HAVING PROXIMITY WHERE THE DATA IS FROM GIVE VALUE. >> WE ARE PARTNER ING WITH DEL
AND WE ARE ANNOUNCING OUR PARTNERSHIP TO DEPLOY OUR NORTH
PLATFORM WHICH IS THE ASIAN FOR DELL WITH THEIR CUSTOMERS. ED:
COHERE IS SEEN AS A SMALLER PLAYER WHEN YOU THINK ABOUT
OPEN AI. WHAT IS YOUR COMPETITIVE MODE?
WHAT MAKES COHERE DIFFERENT? >> WHAT MAKES US BEST IS OUR
FOCUS AND WE CAN DEPLOY SO PRIVATELY.
THERE IS NO OTHER PROVIDER THAT CAN PROVIDE A PRODUCT THAT GOES
ON PRIM OR CLOUD AND IF HE FEEL LOOK PLUGGING ALL OF THEIR DATA
BECAUSE IT STAYS ON THEIR INFRASTRUCTURE. ED:
THAT SECURITY ELEMENT IS WHAT WOULD PUSH A CUSTOMER TO CHOOSE
YOU OVER ONE OF THOSE NAMES? >> YES.
IF YOU ARE GOING TO BUILD AGENTS THEY NEED TWO SEE THE
INFORMATION AND ACCESS THE SYSTEMS THAT THE HUMANS IN YOUR
ORGANIZATION SEE. AND YOU HAVE TO TRUST THAT
SYSTEM. YOU DON’T WANT CRITICAL CUSTOMER DATA, PASSIONATE
RECORDS GOING TO SOME OTHER ENTITY AND BEING COMPROMISED SO
OUR MODEL IS THE MOST SECURE MMENT ED:
IN SIMPLE TERMS, DELL TAKES AN UNDERLYING TECHNOLOGY I ASSUME
FROM NVIDIA, PUTS IT INTO THE SERVER FORMAT AND HELP YOU
BUILD THAT INFRASTRUCTURE OUT. BUT THAT IS NOT YOUR AREA OF
EXPERTISE SO REFLECT WHAT IT IS LIKE WORKING WITH WELL AND
ALLOWED YOU TO MOVE MORE QUICKLY? >> DELLAS THE TRUST OF THE
WORLD ENTERPRISES THE MOST SECUREED A PRIVATE DEPLOYMENTS
ARE POWERED BY DELL SO WE HAVE BEEN LUCKY TO PARTNER WERE THEY
ARE A GO TO PHRARPBLG PARTNER AND TECHNOLOGY PARTNER AND HELP
US DEVELOP THIS MORE IN EXTREMELY REGULATED SECTORS
WITH THE HIGH PRIVACY SECURITY CONSTRAINTS. ED:
THERE’S BEEN REPORTS OF COHERE’S FINANCIAL SUCCESS ON A
RIGHT HAND RATE OR ANNUALIZED $100 MILLION OF REVENUE.
TALK MORE ABOUT THROWS NUMBERS A.M.
TRAJECTORY YOU ARE ON AS A BUS BUSINESS. >> A CHAT HAS COME OUT AND THE
ENTERPRISE WORLD HAS STRUGGLED TO KEEP UP WITH THE CONSUMER
MARKET BUT IT STARTED NOW. LAST YEAR WAS THE YEAR OF THE
P.O.C. BUT NOW WE ARE SEEING PRODUCTION AND ENTERPRISE
DEPLOYMENTS HIT THE HANDS OF EVERY SINGLE EMPLOYEE IN THE
ORGANIZATION SO IT HAS STARTED TO SCALEMENT WE HAVE DOUBLED
REVIEW SINCE THE BEGINNING AND WE ARE SEEING A TOTAL TAKEOFF
ON THE ENTERPRISE BUSINESS. ED: PROFITABLE? >> WE ARE NOT PROFITABLE YET.
ED: I GUESS IS COMPUTE AND TALENT
THAT KEEPS YOU SPENDING MONEY. >> DEFINITELY COMPUTE BUT I
THINK WE ARE VERY CLOSE TO CROSSING THAT LINE AND BECOMING
PROFITABLEMENT WE ARE NOT FAR AWAY.
SO THE ENTERPRISACTIC’S GROWTH IS FUELING OUR GROWTH BUT WE
WANT TO GROW AS QUICKLY AS POSSIBLE SO WE WILL KEEP
SCALING UP THE TEAM AND COMPUTE AND SMACKINGMENT ED:
UNLESS I’M SPAIN BECAUSE I LOOK THEY HAD LINES I THINK IT HAS
BEEN ALMOST A YEAR SINCE YOU RAISED ANY MONEY AND EVEN THE
BIGGER BEASTS USE VARIOUS MCNYMPHS TO RAISE FUNDS. >> WE ARE A START-UP SO WE WILL
CONTINUE TO FUND RAISEMENT WE HAVE NOTHING TO ANNOUNCE RIGHT
NOW BUT WE WILL CONTINUE TO FUND RAISEMENT ED:
IF YOU ARE IN THERE ENVIRONMENT WITH $100 MILLION ANNUALIZED
AND YOU SAID IT DOUBLED SO FAR THIS YEAR. >> MORE THAN DOUBLED. ED:
WHAT IS IT THAT ENTERPRISE IS DRIVING.
THE SPECIFIC SERBGTSZ IN FINANCIAL OR HEALTH CARE WHERE
YOU GET TRACTION IN BIGGER DEALS. >> BECAUSE OF HOW SECURE WE ARE
OUR PRODUCT RESONATES WITH REGULATED INDUSTRIES SO THINK
FINANCIAL SERVICES, OPINION SECTOR, TELCO, ENERGY WEREN’T
THESE REGULATED INDUSTRIES CURRENTLY CANNOT ACCESS TO THE
TECHNOLOGY WITHOUT HAVING THE SKAOURBT CONSTRAINTS MEDICINE R
MET SO OUR PRIVATE DEPLOYMENT MODEL LEFT-HAND SIDE ITSELF
WELL FOR THAT. ED: THERE WAS A TIME VERY LEASTLY
WHERE TRYING TO PUSH COMPANIES TO GO ON PRIM WAS
UNTHINKABLEMENT WE WERE MOVING FOR THE CLOUD.
HOW HARD IS IT TO PIVOT BACK TO A DIFFERENT INFRASTRUCTURE
MODELED A SAY THIS IS THE BEST WAY OF DOING IT? >> I THINK WE GOT GOOD AT IT. IT IS — THOSE AGENTS NEED TO
HAVE ACCESS IT ALL YOUR SYSTEMS. IF YOU DON’T TRUST THE
TECHNOLOGY YOU ARE NOT GOING TO PLUG IT IN.
SO MAXIMIZING TRUST JUST POUNDS IN THE DIRECTION OF ON PRIM OR
EXTREMELY PRIVATE CLOUDS. FOR REGULAR LATED INDUSTRIES IT
IS THE ONLY OPTION. SO, I THINK THAT WE HAVE GOTTEN
QUITE GOOD AT THAT AND IT IS NOT AS PAEUFRLS IT USED TO BE.
ED: CAN DELL MOVE AS QUICKLY AS YOU
KNEELED TO? >> I THINK SO. I THINK THEY ARE.
ED: ANY EXAMPLE? >> WE WERE ABLE TO GET A NORTH
INSTANCE UP RUNNING IN A WEEK. SO VELOCITY FITTING TO THEIR
HARDWARE THAT I THINK PROVES THAT THE URGENCY FROM BOTH
SIDES IS THERE. ED: ADEN GOMEZ C.E.O.
HERE OF COHERE. COMING UN, GOOGLE KICKS OFF ITS
DEVELOPMENT CONDITIONS WHERE THE FOCUS IS ON SEARCH AND
AMOUNT I. THAT IS NEXT. THIS IS “BLOOMBERG TECHNOLOGY.”
WE ARE WATCHING SHARES OVERNIGHT IN HONG KONG THIS.
IS CATL THE BIGGEST MAKER OF E.V. BATTERIES.
HONG KONG DEBUT SURGING MORE THAN 16% IN ITS TRADING DEBUT.
WE WILL TRACK IT THROUGHOUT THE WEEK. ED: ONE OF THE MANY TECHNOLOGY EVENTS THIS WEEK IS GOOGLE I.O.
WE WERE TALKING WITH RYAN THAT THERE IS IT HOPE FROM INVESTORS
AND GOOGLE STAFF AND TECHNOLOGY INDUSTRY PARTICIPANTS THAT
GOOGLE I.O. WILL GIVE US SOMETHING THAT THE
TKDOMINANCE THEY ONCE HAD IS NOT ON SHAKY GROUNDMENT >> THAT
IS RIGHT. THE STAKES ARE HIGH NOT JUST
BECAUSE IT IS GOOGLE HE IS BIGGEST EVENT OF THE YEAR
BECAUSE ITS RIVALS ARE NIPPING AT ITS HEELS WITH ARTIFICIAL
INTELLIGENCE. THE BIG FOCUS WITH SOME OTHER
ANNOUNCEMENTS ON THE HARDWARE FRONTS WILL BE AI, ITS NAG SHIP
AI MODEL GEMINI. HOW HAS IT BEEN IMPROVED AND
HOW MUCH OF A LEAP IS IT FROM GEMINI 2.0MENT WE WILL LOOK FOR
EXAMPLES OF WHAT SETS IT APART AND COST AND HOW IT WILL BE
UNDER GREATED ACROSS GOOGLE’S SUITEMENT IT IS ANDROID BUT
ALSO GOOGLE PRODUCTIVITY APPS LIKES DOCKS AND SHEETS, SEARCH
IS WHAT WE ARE GOING TO BE ALSO PAYING ATTENTION IT HERE.
AS YOU MENTIONED INVESTORS ARE STARTING TO WONDER IF IT IS ON
SHAKY GROUND WITH RIVALS LIKE OPEN AMOUNT IMPLEMENT. ED:
GOOGLE I.O. IS A DEVELOPERS CONCERNS BUT WE
WERE SHOWING THE CALENDAR OF ALL THE TECHNOLOGY CONFERENCES
IN THIS INTENSE FOUR DAY PERIOD AND IT IS VERY MUCH ABOUT
BUSINESS. WHAT WILL ALPHABET AND GOOGLE
TELL US ABOUT HOW GEMINI IS BEING USED BY ENTERPRISE
CUSTOMERS AND HOW IT IS DRIVING GROWTH FOR G.C.P. >> RIGHT.
IF YOU THINK BACK TO THE MEADOWS CONFERENCE A COUPLE
WEEKS AGO THEY ANNOUNCED THEY WERE GOING TO BE CREATING A NEW
AMOUNT PENALTY I. TO ROLL IT OUT TO THAT
DEVELOPER COMMUNITY THE SAME WAY THAT OPEN AI HAS A
COMPETING PRODUCT. THIS IS ANOTHER FRONTIER OF HOW
BOOK MONETIZE THERE WITH A COMMUNITY THAT PLUCKED INTO
THIS TECHNOLOGY. DEVELOPERS ARE THE ONES WHO
ALMOST GET THE FIRST WAVE OF USAGE AND THIS IS HOW YOU GET
TO SEE WHAT IS WORKING AND NOT WORKING.
AT THE SAME TIME WE WILL BE LOOKING FOR OR WAYS AI WILL BE
INTEGRATED ACROSS ITS ECOSYSTEM. WE GOT SOME REPORTS A COUPLE
WEEKS AGO SEARCH WILL TAKE ON A DIFFERENT FORM IN POINT OUT
MODAL BECAUSE WE COULD EXPECT IT BE ROLLED OUT TODAY.
THINK SHOPPING FEATURES, I THINK THERE WAS A REPORT THAT
KEYS THAT IT MIGHT BE COMING DOWN THE MINE.
HOW IT ROLLS IT OUT TO THE USER BASE WILL BE KEY. ED:
WE JUST HAVE 20 SECONDS BUT A IS THE VIBE ON THE GROUND AT
MOUNTAIN VIEW? >> THERE’S SO MUCH ENERGY.
THIS IS KIND OF BEEN A REALLY PACKED YEAR FOR ARTIFICIAL
INTELLIGENCE, DEEP SEEK, META, ALL THE OTHER RIVALS STARTING
TO GENERATE BUZZ ABOUT THE NEXT FRONTIER AND YOU CAN FEEL THAT
H H — YOU CAN FEEL THAT. ED: JOIN LATER FOR HER INTERVIEW
WITH LIZ REEDS. THAT WILL BE 2:30. ED: WELCOME BACK TO “BLOOMBERG
TECHNOLOGY.” I’M ED LUDLOW IN LAS VEGAS.
THIS IS WHAT FINANCIAL MARKETS LOOK LIKE NOW.
WE HAVE LOST MOMENTUM PARTICULARLY ON THE BIG TECH
INDEX. IT IS SEMICONDUCTORS WHERE YOU
SEE UNDERPERFORMANCE. THE PHILADELPHIA SEMICONDUCTOR
INDEX DOWN .6%. NVIDIA IS A BIG REASON WHY.
WE WILL GET INTO IT ABOUT WHAT IS HAPPENING WITH NVIDIA.
THERE IS A LOT OF NEWS FLOW WITH LAS VEGAS BUT ALSO
COMPUTEX OUT OF TAIWAN. A TECHNOLOGY HEADLINE YOU MAY
HAVE MISSED, AIRBNB SHARES ARE UNDER PRESSURE.
THERE WAS A REPORT IN “THE NEW YORK TIMES”
THAT THE COUNTRY OF SPAIN HAS ASKED AIRBNB TO REMOVE 66,000
LISTINGS IN THE COUNTRY. THAT SEEMS TO BE THE ONLY
KABBALIST OUT THERE. THE STOCK DOWN 3%.
WE WILL CONTINUE TO TRACK THAT. BRIAN CHESKY WAS TALKING ABOUT
THE EXPANSION IN EUROPE. THE FOCUS AS IT HAS BEEN FOR
MANY DAYS IS AI AND RESEARCHER. THE CEOS OF OPENAI AND SOFTBANK
HAVE PROMISED A LOT WITH THIS TARGET INVESTMENT.
IN THE LATEST EPISODE OF “THE CIRCUIT,”
EMILY CHANG SPOKE WITH OPENAI CEO SAM MOMENT AND THE SOFTBANK
CEO ABOUT THEIR HOPES FOR THE PROJECT AND HOW IT CAME ABOUT.
EMILY: HOW DID YOU GET TO TALKING TO
LARRY ELLISON AND HOW DID YOU WILL COME TOGETHER? SAM:
I DID TOO LONG TRIPS AROUND THE WORLD AND A LOT OF IT WAS TO
TALK TO DEVELOPERS AND GOVERNMENTS BUT ALL A LOT OF IT
TO GET MY HEAD AROUND THE SUPPLY CHAIN.
ON ONE OF THOSE TRIPS I MET WITH MASA AND WE TALKED ABOUT
WHAT IT WOULD TAKE TO COMPUTE AT THIS SCALE. EMILY:
HI, SO NICE TO SEE YOU. WHAT COMPOSITIONS DID YOU HAVE
WITH SAM THAT LED TO STARGATE? M ASAYOSHI:
WE HAVE SHARED VISION OF AGI COMING SOON AND WE NEED TO
COMPUTE. EMILY: OF ALL THE BEDS YOU COULD MAKE,
WHY STARGATE? MASAYOSHI: I BELIEVE IN THE VISION THAT
AI, AGI WILL CHANGE MANKIND LIFE IN EVERY ASPECT. WE ARE LUCKY TO SEE THIS
ENORMOUS REVOLUTION AND I WOULD LIKE TO BE PART OF THAT AND I
GET EXCITED. I CAME TO CELEBRATE YOUR
WEDDING AND PROMISED WE WOULD INVEST. $100 MILLION AND YOU
TOLD ME “MASA, GO FOR 200!” NOW I CAME BACK WITH 500. EMILY:
EXPLAIN THE MATH TO US. HOW DOES IT LEAD UP TO $500
MILLION? SAM: THAT COVERS THE CAPACITY WE
NEED GIVEN OUR BIRTH PROJECTIONS.
IF WE KNEW HOW TO GET A TRILLION DOLLARS RIGHT NOW —
WE DON’T — WOULD WE BE ABLE TO DEPLOY THE PROFITABLY THE NEXT
FEW YEARS? NOT SURE, BUT I’M CONFIDENT WE
CAN MAKE $500 BILLION OF THAT BACK. ED: THAT WAS SAM ALTMAN AND
MASAYOSHI SON. LET’S BRING IN EMILY CHANG FROM
MORECAMBE WHO GOT EXCLUSIVE ACCESS TO THE STARGATE SITE.
ANY TECHNOLOGY JOURNALIST, TAKE MY WORD FOR IT, DREAMS OF GOING
INSIDE THE CUTTING-EDGE HYPERSCALER DATA CENTER.
SERIOUSLY, THEY DO. EVEN BETTER TO GET INTO IT
BEFORE IT IS FULLY BUILT AND OPERATIONAL.
WHAT DID YOU SEE AND WHAT DID YOU REPORT? EMILY:
AS YOU KNOW, AFTER 15 YEARS OF COVERING TECHNOLOGY, IT IS NOT
NECESSARILY THE MOST VISUAL STORY.
BUT SEEING THE SHEER SCALE AND SPEED AT WHICH THESE DATA
CENTERS ARE RISING FROM THE RENDERED IN ABILENE, TEXAS —
FROM THE RED DIRT IN ABILENE, TEXAS, IS PRETTY INCREDIBLE.
THERE’S A LOT OF MYSTERY, A LOT OF SECRETS. SOME PEOPLE DON’T BELIEVE IT IS
REAL, BUT I WAS THERE. WE SAW THE CRANES AND THE
EXCAVATORS AND WALKED AROUND IN THE HARDHATS.
THERE IS BUILDING AFTER BUILDING — RIGHT NOW, IT IS
EMPTY BUT IT WILL BE PACKED WITH NVIDIA GPU’S. THEY WILL POWER WHAT SAM ALTMAN
AND MASAYOSHI SON BELIEVE WILL BE THE INSATIABLE DEMAND FOR AI.
OPENAI REALLY NEEDS THIS PROJECT TO SUCCEED, REALLY
NEEDS THE MONEY TO FUND THE RESOURCES THAT WILL POWER
CHATGPT AND MORE. ED:, MONEY THE PLEDGE IS $500
BILLION. IS MASAYOSHI SON GOING TO BE
ABLE TO RAISE ALL OF IT? EMILY: LOTS OF SKEPTICISM ABOUT IT.
THE CHERUBS ARE GRITTING MORE UNCERTAINTY AND SOME ARE
QUESTIONING WHETHER THEY WOULD — THE TARIFFS ARE CREATING
MORE UNCERTAINTY AND SOME ARE QUESTIONING WHETHER THEY WANT
TO INVEST IN THESE CENTERS. THE ECONOMY IS ALWAYS CHANGING,
ALWAYS SHIFTING, BUT ONE THING THAT IS SO TRUE FOR MASAYOSHI
IS THAT AI IS GOING TO BE BIG AND HE TALKED ABOUT HIS
CONVICTION AROUND AI, AGI, EVERYBODY’S GOING TO WANT TO
USE THIS, GOING TO NEED IS F HE ADMITTED “I MADE MISTAKES.”
WEWORK, THAT WAS A MISTAKE FOR HE HA THE SCARS FROM THE
MISTAKES HE HAS ME BUT YOU BELIEVE THAT GIVES THEM
STRONGER CONVICTION — BUT HE BELIEVES THAT GIVES THEM
STRONGER CONVICTION. AND IT IS STEP-BY-STEP NOT ALL
AT ONCE, TAKE IT ONE DAY AT A TIME. ED:
WHAT IS WHILE THIS TARGET IS THE HEADLINE –IS STARGATE’S
DEADLINE, BUT AWS AND AMAZON WANT TO BRING A PROJECT ONLINE,
ALL THESE DEALS IN THE MIDDLE EAST. DO WE REALLY NEED ALL OF
THESE DATA CENTERS? EMILY: RIGHT, AMAZON, MICROSOFT, THEY
HAVE BEEN PULLING BACK. THERE IS A QUESTION THAT IS A
BUILDING STUFFED WITH GPU’S THAT GET HOT, IS THAT THE BEST
WAY TO POWER THE AI OF THE FUTURE?
EVERYONE AGREES THERE WILL BE A MORE EFFICIENT WAY AT SOME
POINT, EVEN ZIMMERMAN SAID SO, BUT THAT IS NOT HAPPENING —
EVEN SAM ALTMAN SAID SO, BUT THAT IS NOT HAPPENING NOW, SO
WE NEED THESE DATA CENTERS AND WE CAN RETURN $500 BILLION IN
VALUE. STARGATES AROUND THE WORLD, AND
WE HAVE SEEN AMAZON AND MICROSOFT PULL BACK A LITTLE,
THERE STILL BUILDING. I WANT TO INTRODUCE YOU TO THE
DEVELOPER OF THE STARGATE PROJECT.
HE IS THE GUY THAT TOOK ME AROUND AND WE RODE AROUND IN A
LITTLE ATV, SAYING ALL THIS RED DIRT BEING MOVED.
WE TALKED ABOUT JUST THE SCALE OF THE INFRASTRUCTURE IN THE
BUILDING HE EXPECTS TO HAPPEN ACROSS THE U.S.
AND AROUND THE WORLD. TAKE A LISTEN. >> WHAT WE ARE UNDERGOING IS
THE LARGEST INFRASTRUCTURE BUILD IN HUMAN HISTORY.
THIS IS LIKE WHEN WE BUILT THE INTERSTATE HIGHWAY SYSTEM.
THAT ENABLED MASSIVE INTERSTATE COMMERCE AND TRANSPORTATION AND
CATALYZE THIS MASSIVE BOOM IN THE U.S. ECONOMY.
WHAT IS HAPPENING IN AI INFRASTRUCTURE IS WE ARE
BUILDING SUPERHIGHWAY SYSTEM THAT IS GOING TO ENABLE MODERN
INTELLIGENCE SYSTEMS. EMILY: RIGHT NOW, STARGATE THERE ARE
22,000 EMPLOYEES ON SITE. BUT THE QUESTION IS HOW MANY
PEOPLE DOES IT TAKE TO RUN A DATA CENTER.
THE PARTNERS OF STARGATE HAVE LEGALLY AGREED TO 350 OR SO
JOBS. THE PEOPLE OF ABILENE ARE HOPING IT WILL CREATE A LOT
MORE JOBS THAN THAT. IF YOU WATCH THE PREMIERE
EPISODE OF “THE CIRCUIT,” WHICH IS OUT NOW, YOU WILL GET
TO SEE NOT JUST THOSE INTERVIEWS, BUT WE TALKED TO
THE PEOPLE OF ABILENE, THE MAYOR OF ABILENE, AND LEARN
MORE ABOUT HOW THE PROJECT IS COMING TO LIFE. ED: BLOOMBERG’S EMILY CHANG, THANK
YOU. DO CHECK OUT “THE CIRCUIT,” THURSDAY ON BLOOMBERG
TELEVISION. YOU CAN CATCH THE FULL EPISODE
ONLINE AT BLOOMBERG.COM AND OF COURSE ON THE BLOOMBERG
TERMINAL. BUILDER AI, THE AI START BACKED
BY MICROSOFT AND THE QATAR INVESTMENT AUTHORITY, WILL GO
INTO INSOLVENCY PROCEEDINGS. BLOOMBERG REPORTED IN MARCH
THAT THE LONDON-BASED COMPANY LOWERED THE SALES FIGURES IT
PROVIDED TO INVESTORS AND HIRED AUDITORS TO EXAMINE ITS LAST
TWO YEARS OF ACCOUNTS. COMING UP, WE WILL HEAR FROM THE OPENAI CROO ON THE
COMPANY’S GROWTH GOALS. A LITTLE MORE OPENAI FOR YOU.
THIS IS “BLOOMBERG TECHNOLOGY.” TUNE IN FOR MIKE INTERVIEW WITH
DELL PRESIDENT OF INFRASTRUCTURE ARTHUR LEWIS.
THIS IS BLOOMBERG. ♪ ED: OPENAI COO BRAD LIGHTCAP SAYS
HE SEES AI TOOLS BOOSTING PRODUCTIVITY AND DETAILED
OPENAI’S GLOBAL EXPANSION GOALS. HE SPOKE TO TOM MACKENZIE, WHO
BEGAN BY ASKING IF AI IS POTENTIALLY CAPPING JOB GROWTH.
BRAD: AND I DON’T THINK SO, AND I
THINK THAT IS BECAUSE THE WORLD IS GATED ON RESOURCES.
YOU TALK TO ANY ENTERPRISE — WE TALK TO COMPANIES ALL THE
TIME — I ASKED THEM WHAT IS THE NUMBER ONE CONCERN ABOUT
THE NEXT FIVE YEARS OF INVESTMENT, AND OFTENTIMES ONE
OF THE THINGS WE HEAR IS I CANNOT HIRE ENOUGH SOFTWARE
ENGINEERS F WE LIVE IN A DIGITAL ECONOMY, I KNOW I HAVE
TO TRANSITION MY PRODUCT INTO MORE SOFTWARE-BASED APPROACHES,
BUT I DON’T HAVE ENOUGH PEOPLE. HOW DO YOU BRING A TOOL TO THE
MARKET THAT ENABLES A SOFTWARE ENGINEER TO BE 50% MORE
PRODUCTIVE? THIS IS AN INCREDIBLE THING.
THAT IS THE WAY WE LOOK AT IT — TO THE EXTENT THAT WE CAN
ENHANCE OUTPUT, IT IS ON THE COMPANY, THE FIRM, THE
INDIVIDUAL TO FIGURE OUT WAYS TO DO THINGS.
THE JOB QUESTION WILL INEVITABLY BE DIFFERENT.
JOBS WILL CHANGE. I DON’T THINK JOBS WILL GO AWAY.
TOM: STARGATE IS BEING BUILT IN THE
U.S. WITH YOUR PARTNERS. WHAT ABOUT STARGATE OUTSIDE OF
THE U.S. ARE YOU IN CONVERSATIONS WITH
GOVERNMENTS AROUND THE WORLD A BUILDING STARGATE OUTSIDE THE
U.S.? COMMON COUNTRIES ARE YOU TALKING TO?
— HOW MANY COUNTRIES ARE YOU TALKING TO? BRAD: WE SEE THIS DEMAND NOT ONLY
FROM INDIVIDUALS AND COMPANIES BUT FROM GOVERNMENTS INTO THE
NATIONAL CONSCIOUSNESS AND HAVE IT PENETRATE IN A WAY THAT
ACCRUES BENEFIT TO THE ACTUAL PERSON. THAT WAS BEHIND RECENTLY
LAUNCHED OPENAI IN COUNTRIES AND THAT INCLUDES
INFRASTRUCTURE AND APPLYING THE MODELS AND FIGURING OUT HOW TO
INTEGRATE GOVERNMENT SERVICES IN WAYS THAT WOULD BE MORE
AI-POWERED, AND IT INCLUDES INVESTMENT IN THE ECONOMIES OF
THESE COUNTRIES TO ENABLE — TOM: WHICH COUNTRIES ARE ON YOUR
LIST? BRAD: WE ANNOUNCED THIS VERY RECENTLY
BUT WE THINK IT WILL BE A SCALABLE PROGRAM. ED: THAT WAS THE OPENAI COO BRAD
LIGHTCAP SPEAKING WITH TOM MACKENZIE.
SHARES OF NVIDIA ARE LOWER TODAY.
INVESTORS ARE GETTING WARY OF POURING MONEY INTO THE
CHIPMAKER. NVIDIA’S REIGN AS THE AI
CHECKING REMAINS DESPITE THE COMPETITION.
I WANT TO BRING IN IAN KING WHO HAS BEEN WRITING ABOUT NVIDIA’S
DOMINANT AND POSING THE QUESTION, CANNOT LAST. IAN: AT
THE MOMENT THERE ARE NO CHALLENGERS WHO CAN TAKE AWAY
THAT MASSIVE AMOUNT OF MARKET SHARE.
THE CHALLENGE THAT NVIDIA FACES AND IT IS THE AS MUCH TIME AS
ANYTHING ELSE ADDRESSING HIS CAN WE KEEP MASSIVE SPENDING ON
AI MOVING FORWARD. YOU TALK TO OTHER COMPANIES —
WE CAN GET MARKET SHARE HERE AND THERE.
EVEN A COMPANY LIKE QUALCOMM WANTS TO WORK WITH NVIDIA. THERE IS NOBODY THINKING WE
CANNOT NVIDIA OFF THEIR PERCH. ED: THERE IS A STORY ON THE
BLOOMBERG TERMINAL THAT REFLECT SOME CONCERN ON CAPITOL HILL
PARTICULARLY FROM DEMOCRATS ABOUT THE INFRASTRUCTURE DEALS
ANNOUNCED IN THE GULF LAST WEEK. NVIDIA IS THE HEADLINE AMONG
THEM, SENDING JEEP USE, THE LATEST-GENERATION GPUS TO SAUDI
ARABIA AND THE UNITED ARAB EMIRATES. WHAT IS THE CONCERN? IAN:
IT IS IMPORTANT TO NOTE THAT THERE IS A THROUGH LINE THAT
STANDS THE AISLE. THERE ARE CHINA HAWKS, PEOPLE
CONCERNED ABOUT NATIONAL SECURITY ON BOTH SIDES OF THE
REPUBLICANS AND DEMOCRATS. BUT THEY ARE CONCERNED ABOUT IS
THE MIDDLE EAST BLACK AS A GATEWAY FOR U.S.
TECHNOLOGY TO DEFUSE AND FOR CHINA TO GET ACCESS IN A
BACKDOOR WAY. THE KEY QUESTION IS WHETHER
THEY CAN GET TOGETHER AND WHETHER THERE ARE MECHANISMS
THAT WOULD ALLOW THEM TO STOP WHAT IS HAPPENING, WHAT THIS
TRUMP ADMINISTRATION INITIATIVE IS TRYING TO PUSH FORWARD. ED: BLOOMBERG’S IAN KING IN SAN
FRANCISCO, THANK YOU VERY MUCH. SPEAKING OF CHIPS, NINTENDO HAS
PARTNERED WITH SAMSUNG TO PRODUCE THE MAIN CHIPS FOR THE
SWITCH 2, WHICH MAY HELP NINTENDO SELL WHETHER 20
MILLION UNITS BY MARCH OF NEXT YEAR. SAMSUNG IS WORKING ON THE
CUSTOMERS DESIGN BY NVIDIA AND CAN RAMP UP PRODUCTION FURTHER.
IT IS A STRUGGLE TO COMPETE WITH TSC IN THE FIELD OF
CONTRACT CHIPMAKING. CORE WE’VE’S CHIEF STRATEGY
OFFICER JOINS US TO TALK ABOUT THE COMPANY’S STRATEGY FOR
KEEPING UP WITH A IDENTITY SENTIMENT — AI DATA CENTER
DEMAND. THIS IS “BLOOMBERG TECHNOLOGY.” ED:
ACROSS MANY TECHNOLOGY EVENTS, THE FOCUS IS AI INFRASTRUCTURE.
BRIAN VENTURO IS THE CHIEF STRATEGY OFFICER AT COREWEAVE,
FOCUSING ON MEETING AI INFRASTRUCTURE DEMANDS AND
INTEGRATION OF BUSINESSES OF ALL TIMES. REALLY SIMPLE QUESTION TO
START, WHAT IS THE RELATIONSHIP BETWEEN DELL AND COREWEAVE?
I THINK OF COREWEAVE AS A BUILDER OF AI INFRASTRUCTURE,
BUT DELL IS A BUILDER OF SERVERS.
HOW DO YOU WORK TOGETHER? BRIAN: IT IS A DEEP TECHNICAL
PARTNERSHIP FIRST AND FOREMOST. HOW WE CHOOSE PARTNERS
COMMITTED IS REALLY ROOTED IN TRUST. I HAVE TO KNOW WHEN WE
HAVE A PROBLEM AND WE ARE BUILDING COMPUTERS AT THE SCALE
THAT WE DO WHEN THERE ARE PROBLEMS I CAN CALL SOMEBODY
AND THEY CAN HELP SOLVE IT. DELL HAS BEEN AMAZING FROM AN
ENGINEERING AND PERFORMANCE PERSPECTIVE.
THEY MOVE VERY QUICKLY, WHICH IS GREAT FOR US.
IT IS IMPORTANT TO BE FIRST TO MARKET FOR COREWEAVE BECAUSE
OUR CUSTOMERS TRUST US TO HELP THEM BE FIRST TO MARKET WITH
THEIR PRODUCTS. DELL HAS BEEN INSTRUMENTAL IN
THE ROLLOUT. ED: LET ME JUMP IN BECAUSE THIS IS
AT THE CORE OF WHAT WE ARE TALKING ABOUT. YOU RELY ON NVIDIA’S CORE
TECHNOLOGY. NVIDIA HISTORICALLY DOES NOT
HAVE ITS OWN DIRECT SALES CHANNEL.
THEY WOULD GO TO DELL OR SOMEBODY ELSE WOULD GO TO DELL
AND SAY I WANT NVIDIA GEAR. HIS DELTA SALES CHANNEL FOR —
IS DELL THE CORE SALES CHANNEL FOR COREWEAVE? BRIAN:
IT’S A LITTLE BIT OF BOTH. WE CALL IT SUCCESS-BASED
FINANCING AT COREWEAVE. WE DEAL WITH THE CUSTOMER AND
WE WILL GO THROUGH DELL AND WE WILL GO THROUGH DELL AND NVIDIA
TO BUILD THE SERVERS. ED: I’M GOING TO ASK YOU A QUESTION
I ASKED THE CEO LITERALLY SEVEN DAYS AGO.
I’M HOPING WE CAN MAKE PROGRESS ON AN ANSWER.
COREWEAVE HAS A LOT OF WORKLOADS UP AND RUNNING.
WHAT IS THE PROPORTION OF TRAINING WORKLOADS VERSUS
INFERENCE WORKLOADS? BRIAN: WE HAVE VISIBILITY INTO THE SUM
OF OUR PARTNERS WERE GOES AND THERE ARE SOME WERE WE DON’T
KNOW WHAT THEY ARE SERVING ON THE INFRASTRUCTURE.
THE VAST MAJORITY OF WORKLOADS TODAY ARE INFERENCE-BASED.
WE STILL HAVE TRAINING WORKLOADS, BUT AS THE TRAINING
OF THESE MODELS HAVE INCREASED BY AN ORDER OF MAGNITUDE, THE
INFERENCE WORKLOADS OUR GENERATION BEHIND.
AS TRAINING WENT FROM ONE TO 10 AND 10 TO 100, WE ARE SEEING
THAT CHANGE IN DEMAND FOR INFERENCE.
IT IS OVERWHELMING THE SUPPLY CHAIN AND WHAT THE CLOUDS CAN
DELIVER. ED: EVERYONE IS TRYING TO HAVE A
CRYSTAL BALL INTO CAPITAL EXPENDITURES AND THE BUILD OUT
OF MORE INFRASTRUCTURE CAPACITY. INFERENCE IS A SLIGHTLY
DIFFERENT CALCULUS. WHAT IS THE BIGGEST GEOGRAPHIC
OR SECTORAL DRIVE FOR YOU GUYS NOW? BRIAN:
OUR CUSTOMERS ARE STILL PRETTY INDIFFERENT.
IT IS VERY EARLY STAGES ON THE ORDER OF MAGNITUDE EXPANSION.
IT IS TRYING TO FIGURE OUT WHERE DO I NEED — WHAT DO I
NEED AND WHERE DO I NEED IT. THEY ARE STARTING TO BE MORE
COGNIZANT OF WHERE THEY ARE DEPLOYING INFRASTRUCTURE. ED:
I’VE BEEN GRATEFUL TO SPEAK TO YOU A NUMBER OF YEARS AS
COREWEAVE HAS MOVED QUICKLY. THE CRITICISM OF THE COMPANY —
NOT THE CRITICISM, THE ANXIETIES IS THAT THE BUSINESS
MODEL IS BUYING GPU’S AND RENTING THEM OUT AND IT BECOMES
A COMMODITIZE CAPITAL GAIN. BUT YOU WOULD ARGUE COREWEAVE
IS MORE THAN THAT. YOU ARE DOING INVESTMENT IN
SOFTWARE. WHERE IS THE VALUE-ADDED? BRIAN:
THAT IS ONE OF THE BIGGEST MISCONCEPTIONS ABOUT THE
INDUSTRY, THAT THE INFRASTRUCTURE IS COMMODITIZED.
THE REASON WHY WE WIN THE BIGGEST LABS IN THE SPACE OVER
AND OVER AGAIN AND OPENAI EXPANDED THEIR RELATIONSHIP
WITH US AGAIN, THE REASON IS THE PLATFORM IS DECOMMODITIZED.
THE ENGINEERING PARTNERSHIP MATTERS.
IT IS NOT JUST PLUGGING IN GPU’S AND DELIVERING THEM TO A
CUSTOMER. IT IS TAKING MARKETS TEND TO
FIGURE THAT OUT AND WE ARE THRILLED TO TELL THAT STORY THE
NEXT FEW YEARS. ED: THERE ARE COMPETING FORCES,
HEADLINES ABOUT DATA CENTER LEASES BEING CANCELED OR PARED
BACK, AND THAT ALL OF THE MEGA DEALS IN THE GULF LAST WEEK.
WHICH TRAJECTORY DO YOU SEE FOR DATA CENTER BUILDOUT? BRIAN:
I SAID THIS TO YOU AT A FIRESIDE CHAT TWO YEARS AGO,
DATA CENTER DEMAND WAS ABSURD. AT THE TIME I THOUGHT IT WAS
CRAZY, AND IT IS STEPPING UP IN ORDER OF MAGNITUDE.
FOR THIS TECHNOLOGY TO FIND ENTERPRISE ADOPTION, THE
INVESTMENTS HAVE TO HAPPEN. SOME OF THE DATA CENTER LEASE
CANCELLATIONS WHERE PEOPLE ARE PAUSING THINGS, THEY ARE
PAUSING CERTAIN ASPECT OF THE PORTFOLIO, NOT NECESSARILY THE
LONG-TERM STRATEGY. ED: AI-RELATED. BRIAN:
IF YOU LOOK AND SAY AI OVER THE NEXT FIVE YEARS, IS IT MORE OR
LESS, IT BECOMES EASY TO UNDERSTAND. ED:
IS THERE AN OPPORTUNITY FOR YOU IN THE GULF AND THE DEALS WERE
ANNOUNCED? BRIAN: I GUESS WE WILL SEE. ED:
BRIAN VENTURO, CHIEF STRATEGY OFFICER OF COREWEAVE.
HE WILL COME BACK IF THAT PROVES TO BE THE CASE.
THAT DOES IT FOR THIS EDITION OF “BLOOMBERG TECHNOLOGY,”
LIVE FROM LAS VEGAS. JUST AS THE STORY HAS BEEN ALL
WEEK, BE IT IN TAIWAN, HERE IN VEGAS, MICROSOFT BUILT IN
SEATTLE, HEAVY EMPHASIS ON AI INFRASTRUCTURE AND HOW THAT IS
DRIVING ADOPTION. RECAP ON THE PODCAST. YOU KNOW
WHERE TO FIND THE “BLOOMBERG TECHNOLOGY”
PODCAST ON THE BLOOMBERG PLATFORMS, THE TERMINAL, AS
WELL AS ONLINE, APPLE, SPOTIFY,. FROM LAS VEGAS, THIS IS
“BLOOMBERG TECHNOLOGY.” ♪