US Government’s Intel Stake Worth $14B After Nvidia Deal
Intel's stock soared after Nvidia said it will invest $5 billion and co-develop chips for PCs and data centers. Plus, Disney takes Jimmy Kimmel Live! off the air indefinitely amid a backlash to remarks the late-night host made about the killing of Republican activist Charlie Kirk; and Meta's Chief Product Officer Chris Cox talks about the company's new smart glasses and AI push.See omnystudio.com/listener for privacy information.
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China Tells Companies to Stop Buying Nvidia Chips
Bloomberg’s Caroline Hyde and Ed Ludlow discuss reports that China's internet watchdog has told Alibaba, ByteDance and others to terminate orders for an Nvidia AI chip. Plus, Microsoft, OpenAI and other US tech giants announce plans to spend tens of billions on AI infrastructure in the UK, as President Trump conducts a state visit. And StubHub CEO Eric Baker joins the show as shares of the ticket reseller begin trading publicly.See omnystudio.com/listener for privacy information.
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US Regulators Investigate Tesla Door Handles
Bloomberg’s Caroline Hyde and Ed Ludlow discuss a probe by US auto safety regulators into issues with some Tesla vehicles’ door handles that can result in people being trapped inside, following a Bloomberg report. Plus, Google plans to invest nearly $7 billion over two years in the UK to build out the country’s AI economy. And the ServiceNow CEO Bill McDermott explains why the company is expanding in south Florida with a new AI institute.See omnystudio.com/listener for privacy information.
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US Says Framework for TikTok Deal Reached
Bloomberg’s Caroline Hyde and Ed Ludlow discuss comments by US Treasury Secretary Scott Bessent that a framework to keep the TikTok app running in the US has been reached. Plus Elon Musk buys $1 billion worth of shares of Tesla and keeps up his political activity. And US Energy Secretary Chris Wright joins during his European swing to discuss powering the AI revolution and boosting nuclear power.See omnystudio.com/listener for privacy information.
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Tesla's Chair Says Only Musk Can Lead the Company
Bloomberg’s Caroline Hyde and Ed Ludlow break down Amazon and Google being probed by the US FTC over their search advertising practices and OpenAI's for-profit restructuring. Plus, he leader of Tesla’s board says no one other than Elon Musk is capable of running the company as it expands beyond electric vehicles into artificial intelligence and robotics. See omnystudio.com/listener for privacy information.
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