Nvidia's AI Future; Trump Aims to Block Key Report

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:10.240 --> 0:00:13.440 Good morning, I'm Nathan Hager and I'm Karen Moscow. Here 0:00:13.440 --> 0:00:15.160 are the stories we're following today. 0:00:15.360 --> 0:00:19.840 Karen, we begin with Video CEO Jensen Wang has announced 0:00:19.840 --> 0:00:23.079 a range of new chips, software and services as the 0:00:23.079 --> 0:00:26.840 company looks to maintain its lead in artificial intelligence. Jensen 0:00:26.880 --> 0:00:29.560 Wong spoke to a packed arena at the opening of 0:00:29.600 --> 0:00:31.840 the Consumer Electronics Show in Las Vegas. 0:00:32.240 --> 0:00:32.919 And so when you. 0:00:32.920 --> 0:00:38.200 See application after applications that are AI driven AI native 0:00:38.960 --> 0:00:41.760 at the core of it, this fundamental concept is there. 0:00:42.159 --> 0:00:46.000 Machine learning has changed how every application is going to 0:00:46.040 --> 0:00:50.600 be built, how computing will be done, and the possibilities beyond. 0:00:50.840 --> 0:00:53.800 And you can hear more from Nvidia CEO Jensen Wang 0:00:53.920 --> 0:00:56.480 later this morning. We're going to speak live with the 0:00:56.520 --> 0:00:59.720 CEO in Las Vegas, and you can catch that conversation 0:01:00.200 --> 0:01:02.920 at eleven thirty this morning, Wall Street Time on Bloomberg 0:01:03.000 --> 0:01:04.039 Radio and Television. 0:01:04.480 --> 0:01:06.800 Well, Nathan Wongs and Vidia begins the day at an 0:01:06.800 --> 0:01:09.240 all time high. The stocks surged almost three and a 0:01:09.319 --> 0:01:12.679 half percent yesterday. Lorie Calvasina, the head of US equity 0:01:12.720 --> 0:01:15.920 strategy at RBC Capital Market, says it is a key 0:01:16.000 --> 0:01:19.080 for the markets for other stocks to participate in the rally. 0:01:19.400 --> 0:01:21.520 Look, I think a lot of people want this market 0:01:21.560 --> 0:01:24.279 to broaden out. You can count myself in that camp. 0:01:24.440 --> 0:01:27.119 That being said, I think we have to understand why 0:01:27.160 --> 0:01:29.360 we have had so many head fakes so far, and 0:01:29.400 --> 0:01:31.720 it is simply because the value part of the market, 0:01:31.800 --> 0:01:34.040 the rest of the SMP, whatever you want to call it, 0:01:34.120 --> 0:01:36.520 has just not put up superior earnings growth. 0:01:36.959 --> 0:01:40.400 RBC's Lori Calvasina notes a gauge of the Magnificent seven 0:01:40.480 --> 0:01:43.720 mega caps outperform the broader markets, climbing two percent. 0:01:43.959 --> 0:01:46.360 Well, another major market story we're following this morning, Karen 0:01:46.360 --> 0:01:49.520 involves geo politics. The US is targeting the world's biggest 0:01:49.520 --> 0:01:53.440 gaming publisher and the top electric vehicle battery maker. In 0:01:53.520 --> 0:01:57.040 a surprise move of weeks before Donald Trump takes office, 0:01:57.160 --> 0:02:01.920 The Pentagon has blacklisted ten Cent Holdings Contemporary Amprex Technology, 0:02:02.000 --> 0:02:05.520 or CATL for alleged links to the Chinese military. We 0:02:05.600 --> 0:02:08.560 get more from Bloomberg's Rebekka Chung Wilkins in Hong Kong. 0:02:08.800 --> 0:02:12.600 It's this Pentagon list of companies with these alleged links 0:02:12.600 --> 0:02:16.160 to the Chinese military doesn't actually necessitate any kind of 0:02:16.280 --> 0:02:21.320 actual sanctions or immediate restrictions on these companies. But it 0:02:21.440 --> 0:02:24.800 is essentially a form of sort of discouragement to US 0:02:25.000 --> 0:02:29.360 entities and to US companies from dealing business or trading 0:02:29.639 --> 0:02:32.400 these names. So you know, we'll really wait to see 0:02:32.520 --> 0:02:37.160 whether the long term consequences followed through. Important to note 0:02:37.160 --> 0:02:40.320 that Tencent, among those other names, have pushed back quite 0:02:40.400 --> 0:02:43.400 firmly on this allegation. They say that their inclusion on 0:02:43.440 --> 0:02:44.720 this list is a mistake. 0:02:44.919 --> 0:02:48.040 Bloomberg's Rebecca Chung Wilkins says China's Foreign ministry is vowing 0:02:48.080 --> 0:02:49.560 to defend its company's rights. 0:02:50.400 --> 0:02:54.440 Meanwhile, Nathan Treasury Secretary Janet Yellen Hares raised serious concern 0:02:54.440 --> 0:02:58.079 about malicious cyber activity, which China's Vice Premier Hali Fog 0:02:58.320 --> 0:03:01.919 the Treasury Department serves the t leaders meant virtually yesterday, 0:03:01.960 --> 0:03:05.440 and Yellen Warren of consequences for Chinese companies that support 0:03:05.480 --> 0:03:08.400 Russia's war in Ukraine, as well as Chinese industrial over 0:03:08.440 --> 0:03:11.880 capacity that she says is harming US business. The exchange 0:03:11.919 --> 0:03:14.760 comes a week after the US said Chinese state sponsored 0:03:14.760 --> 0:03:16.160 hackers had reached about. 0:03:15.960 --> 0:03:18.079 One hundred Treasury Department computers. 0:03:18.320 --> 0:03:20.639 It's likely to be Yellen's final direct contact with the 0:03:20.720 --> 0:03:22.240 Chinese government and Karen. 0:03:22.240 --> 0:03:25.359 We continue to follow the political turmoil in Canada. Hours 0:03:25.400 --> 0:03:28.720 after Justin Trudeau announced his plans to resign as Prime Minister, 0:03:28.919 --> 0:03:31.240 Mark Karney, former Governor of the Bank of England and 0:03:31.320 --> 0:03:34.320 Bank of Canada, said he's considering entering the race to 0:03:34.400 --> 0:03:38.320 be Canada's new leader. Carney is currently chair of Bloomberg's. 0:03:37.760 --> 0:03:38.600 Board of Directors. 0:03:38.720 --> 0:03:41.400 He says he is encouraged by support from Liberal Party 0:03:41.480 --> 0:03:46.120 lawmakers and backers. Yesterday, Trudeau cited his own inability to 0:03:46.280 --> 0:03:47.560 unite the Liberal Party. 0:03:47.680 --> 0:03:51.640 I have always been driven by my love for Canada, 0:03:52.000 --> 0:03:54.680 by my desire to serve Canadians, and by what is 0:03:54.720 --> 0:03:58.480 in the best interests of Canadians, and Canadians deserve a 0:03:59.000 --> 0:04:02.800 real choice in the selection, and it has become obvious 0:04:02.840 --> 0:04:08.440 to me with the internal battles, that I cannot be 0:04:08.520 --> 0:04:11.560 the one to carry the Liberal standard into the next selection. 0:04:11.960 --> 0:04:14.680 Justin Trudeau will remain Canada's Prime Minister until a new 0:04:14.760 --> 0:04:17.240 leader is selected, that will likely be in March. 0:04:17.960 --> 0:04:20.320 Well, Nathan, with less than two weeks until Donald Trump 0:04:20.400 --> 0:04:22.800 returns to the White House, the President elect is making 0:04:22.839 --> 0:04:25.440 a move to keep these special counsels repoored against him 0:04:25.480 --> 0:04:28.560 from becoming public. Trump's lawyers are asking a federal judge 0:04:28.600 --> 0:04:31.240 in Florida at a blog Attorney General Merrick Garland from 0:04:31.279 --> 0:04:35.159 releasing Jack Smith's final report in the classifying documents case. 0:04:35.360 --> 0:04:37.800 They say it accuses the president elect of engaging in 0:04:37.839 --> 0:04:41.159 an unprecedented criminal effort, and there's reason to believe Garland 0:04:41.200 --> 0:04:43.560 plans to release it within the next few days. The 0:04:43.600 --> 0:04:46.359 filing confirmed Smith is close to finalizing and may have 0:04:46.440 --> 0:04:49.960 already finished his report. Smith dropped his case against Trump 0:04:50.040 --> 0:04:53.840 after the election, citing long standing Justice Department policy against 0:04:53.839 --> 0:04:55.400 prosecuting sitting presidents. 0:04:55.640 --> 0:04:57.640 M Karen, a big supporter of Donald Trump, has been 0:04:57.680 --> 0:05:01.240 added to the board at Meta Platforms. It's Dana White, 0:05:01.320 --> 0:05:05.479 the CEO of Ultimate Fighting Championship. White is a friend 0:05:05.480 --> 0:05:09.400 of Meta CEO Mark Zuckerberg. He has expanded UFC into 0:05:09.400 --> 0:05:12.200 one of the world's most popular sports and entertainment businesses. 0:05:12.560 --> 0:05:17.080 Zuckerberg is an avid mixed martial arts fan and recreational fighter. 0:05:17.480 --> 0:05:20.120 Well Nathan, a US doc workers union and their employer 0:05:20.200 --> 0:05:22.320 group will meet today with just over a week to 0:05:22.360 --> 0:05:25.000 hammer out a deal on a new labor contract, and 0:05:25.080 --> 0:05:27.560 let's find out more with the Bloomberg said John Tucker 0:05:27.640 --> 0:05:29.240 and John, here we go again. 0:05:29.120 --> 0:05:33.040 Yeah, potentially, Karen. The International Longshoreman's Association and the US 0:05:33.120 --> 0:05:36.839 Maritime Alliance are meeting in New Jersey. They're going to 0:05:36.839 --> 0:05:39.880 try to negotiate a new labor contract with a deadline 0:05:39.920 --> 0:05:44.120 of January fifteenth, to avoid a strike that could halt 0:05:44.200 --> 0:05:47.640 half the country's container volumes. The main point of contention 0:05:47.760 --> 0:05:50.800 the use of semi automated cranes at port terminals, with 0:05:50.960 --> 0:05:55.120 the USMX seeking to improve productivity. Now you'll recall back 0:05:55.160 --> 0:05:58.440 in early October, the ISLA reached a tentative deal on 0:05:58.480 --> 0:06:01.839 a sixty two percent wage increase over six years that 0:06:02.040 --> 0:06:06.440 suspended a three day strike but left the technology issue unresolved. 0:06:06.920 --> 0:06:10.000 Retailers like Home Depot, Dollar General, and Gap say, with 0:06:10.120 --> 0:06:12.920 just ten days until the deadline for an agreement, they're 0:06:12.960 --> 0:06:16.440 now implementing contingency plans at working to try to keep 0:06:16.480 --> 0:06:20.719 inventory moving and limit the impact of any strike on consumers. 0:06:21.000 --> 0:06:23.040 You know, York, I'm John Tucker, Bloomberg Radio. 0:06:26.720 --> 0:06:27.960 It's time now for a look at some of the 0:06:28.040 --> 0:06:30.600 other stories making news in New York and around the world. 0:06:30.640 --> 0:06:33.200 And for that we're joined by Bloomberg's Michael Barr Michael, 0:06:33.200 --> 0:06:33.960 good Morning. 0:06:34.000 --> 0:06:42.120 Good Morning Karen. In New Orleans, What Peace, President Joe 0:06:42.160 --> 0:06:45.560 Biden attended a prayer service to offer condolences and pledge 0:06:45.600 --> 0:06:48.320 federal support to the families of the victims of the 0:06:48.520 --> 0:06:52.080 New Year's Day attack. Biden was accompanied by the First 0:06:52.160 --> 0:06:54.160 Lady and other officials. 0:06:53.800 --> 0:06:56.919 IM wife Jill, and I here to stand with you, 0:06:58.240 --> 0:07:02.640 agree with you, to pray with you. Let you know 0:07:03.480 --> 0:07:06.919 you are not alone. The rest of the nations looking 0:07:07.000 --> 0:07:07.760 at you as well. 0:07:08.560 --> 0:07:11.960 Biden promised to make every resource available to complete the 0:07:12.000 --> 0:07:16.200 investigation and provide additional security for upcoming events in the city. 0:07:16.560 --> 0:07:19.640 The attack along Bourbon Street, which killed fourteen people and 0:07:19.680 --> 0:07:22.680 injured over thirty, is believed to have been carried out 0:07:22.720 --> 0:07:26.000 by a lone individual inspired by ISIS, who was killed 0:07:26.000 --> 0:07:29.400 in a shootout with police. A strong earthquake has shaken 0:07:29.440 --> 0:07:32.960 a mountainous region in western China near Nepal, killing at 0:07:33.080 --> 0:07:35.800 least fifty three people. More than sixty others were hurt. 0:07:36.320 --> 0:07:39.920 China says the earthquake registered to magnitude six point eight. 0:07:40.440 --> 0:07:43.840 The epicenter was about fifty miles northeast of Mount Everest, 0:07:44.120 --> 0:07:47.080 which straddles the border. Today is catch up day for 0:07:47.320 --> 0:07:50.840 US airlines, as this week's winter weather has led to 0:07:51.120 --> 0:07:56.000 thousands of flight cancelations and delays. Kathleen Bangs is with 0:07:56.240 --> 0:07:58.040 flight tracking company flight Aware. 0:07:58.440 --> 0:08:01.800 What we saw, We're over four thos thousand flights canceled 0:08:01.840 --> 0:08:06.160 Sunday and Monday, and delayed flights almost up to twenty thousand. 0:08:06.600 --> 0:08:09.640 That sounds like a lot. We've had winter storms, however, 0:08:09.680 --> 0:08:12.200 where they were far worse, but this is definitely the 0:08:12.280 --> 0:08:15.800 most impactful that we've seen so far this winter season. 0:08:15.920 --> 0:08:19.480 Flying Aware, as Kathleen bang says, today winds are going 0:08:19.520 --> 0:08:21.880 to be gusting potentially up to forty five or fifty 0:08:21.880 --> 0:08:25.760 miles an hour, slowing down ground operations. Meanwhile, bitter cold 0:08:25.800 --> 0:08:29.280 will hit the southern US today. Finally, Donald Trump is 0:08:29.320 --> 0:08:31.640 nominated to state court judge from Long Island to be 0:08:31.800 --> 0:08:34.800 US Attorney for the Eastern District of New York. Trump 0:08:34.880 --> 0:08:38.600 says Joseph Nocella Junior served as a district judge in 0:08:38.720 --> 0:08:43.000 Nassau County. If confirmed, he would replace Breon Peace, a 0:08:43.040 --> 0:08:46.240 Brooklyn native, who was appointed by US Attorney and then 0:08:46.400 --> 0:08:50.040 President Joe Biden in twenty twenty one. Global news twenty 0:08:50.040 --> 0:08:52.680 four hours a day and whatever you want it with 0:08:52.720 --> 0:08:54.360 Bloomberg News Now. I'm Michael Barr. 0:08:54.400 --> 0:08:56.880 This is Bloomberg Karen Orry, Malchael Barr. Thank you. 0:09:01.640 --> 0:09:03.920 Time now for the Bloomberg Sports Update, brought to you 0:09:04.040 --> 0:09:07.520 by Try State Outy. Here's John Stanshawer, John, good morning. 0:09:07.240 --> 0:09:07.680 Good morning. 0:09:07.720 --> 0:09:11.600 Carry. Three NFL teams, the Jets, Bears, and Saints, fired 0:09:11.600 --> 0:09:14.559 their coach during the season. Two others, the Patriots and Jaguars, 0:09:14.600 --> 0:09:16.680 have let their coach go since the season ended, but 0:09:16.760 --> 0:09:20.480 the Giants are sticking with Brian day Ball Angela manager 0:09:20.559 --> 0:09:24.480 Joe Shane, despite a three and fourteen nightmare season, most 0:09:24.480 --> 0:09:26.680 losses in the one hundred year history of the team. 0:09:26.920 --> 0:09:29.120 Owner John Mara cited that it was only two years 0:09:29.160 --> 0:09:31.320 ago the day Ball was coach of the Year, said 0:09:31.360 --> 0:09:34.320 he liked Shane's most recent draft class. He admitted his 0:09:34.400 --> 0:09:37.760 decision would not be popular in what he called Giants Land. 0:09:37.800 --> 0:09:40.199 There had been two straight home games where a plane 0:09:40.320 --> 0:09:44.240 was rented carrying a sign imploring Marat to clean house. 0:09:44.880 --> 0:09:47.600 I didn't need planes flying over me to tell me 0:09:47.640 --> 0:09:50.520 how upset the fans are. I hear from them every day, 0:09:51.720 --> 0:09:54.760 so that really did not have much of an effect. 0:09:54.920 --> 0:09:57.600 I get how upset they are. I try to respond 0:09:57.600 --> 0:10:01.880 to them. Nobody was more upset than I am about 0:10:02.640 --> 0:10:05.600 how we performed in recent years. And yeah, I have 0:10:05.640 --> 0:10:07.000 to stand up here and take the heat for that. 0:10:07.240 --> 0:10:09.520 Marri admit of the Giants need to find a quarterback 0:10:09.559 --> 0:10:11.600 Sead It's up to Sane and Davil to do that. 0:10:11.679 --> 0:10:14.240 Another team that may fire its coach is Dallas. Mike 0:10:14.320 --> 0:10:17.080 McCarthy says he wants to stay. His contract expires next 0:10:17.120 --> 0:10:20.199 week so he could become a free agent coach. Chicago 0:10:20.280 --> 0:10:24.360 reportedly wants to interview McCarthy. The Jets talking to several candidates, 0:10:24.400 --> 0:10:26.599 including Rex Ryan. He was the Jets head coach the 0:10:26.679 --> 0:10:28.800 last time they went to the playoffs, back in twenty 0:10:28.840 --> 0:10:30.960 ten at the Garden, bad loss of the Knicks, though 0:10:30.960 --> 0:10:33.120 they were without Karl Anthony Towns to a knee injury, 0:10:33.240 --> 0:10:36.400 Orlando was without its top four scorers, had already lost 0:10:36.480 --> 0:10:39.120 the Knicks three times this season. The Magic one one 0:10:39.160 --> 0:10:41.800 oh three ninety four Knicks made only four of twenty 0:10:41.840 --> 0:10:45.120 two three pointers nets at Barkley's lost to Indiana won 0:10:45.200 --> 0:10:47.240 thirteen ninety nine Devils. The three to two win at 0:10:47.280 --> 0:10:50.559 Seattle Capitol's loss of a shootout at Buffalo Rutgers beaten 0:10:50.600 --> 0:10:53.920 by Wisconsin seventy five sixty three, The Mets announced they 0:10:53.920 --> 0:10:57.880 will retire David Wrights number five. On July nineteen, John 0:10:57.880 --> 0:10:59.840 stash that we're Bloomberg Sports Karen need. 0:11:02.280 --> 0:11:06.440 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:06.559 --> 0:11:09.400 and around the world on Bloomberg dot Com and the 0:11:09.440 --> 0:11:12.560 Bloomberg Business app. This is Bloomberg Daybreak. 0:11:12.840 --> 0:11:13.280 Good morning. 0:11:13.320 --> 0:11:15.560 I'm Nathan Hager. The company that has been at the 0:11:15.559 --> 0:11:18.880 forefront of artificial intelligence architecture for a couple of years 0:11:18.920 --> 0:11:22.000 now is looking to cement that position for years to come. 0:11:22.040 --> 0:11:25.880 And Nvidia CEO Jensen Wong unveiled a range of new chips, 0:11:26.000 --> 0:11:28.880 software and services in front of a packed audience last 0:11:28.920 --> 0:11:31.800 night at the CES trade show in Las Vegas, including 0:11:31.840 --> 0:11:35.480 an update to the processor for in Nvidia's traditional customer 0:11:35.520 --> 0:11:36.400 base of gamers. 0:11:36.720 --> 0:11:37.520 The g Force. 0:11:38.000 --> 0:11:42.440 G Force enabled AI to reach the masses, and now 0:11:43.559 --> 0:11:45.520 AI is coming home to g Force. 0:11:45.600 --> 0:11:46.040 And for more. 0:11:46.040 --> 0:11:48.120 And what we heard last night from Nvidia and it's 0:11:48.160 --> 0:11:51.000 CEO Jensen Wang. We're pleased to be joined this morning 0:11:51.000 --> 0:11:54.760 by Bloomberg's Tom Mackenzie, Tom, good morning. G Force was 0:11:54.920 --> 0:11:57.040 really just the tip of the iceberg? Was it a 0:11:57.280 --> 0:11:59.760 Jensen Wong gave a lot for investors to chew on. 0:12:00.080 --> 0:12:00.240 Yeah. 0:12:00.280 --> 0:12:01.840 Look he stood there on the stage and is in 0:12:01.880 --> 0:12:04.679 his sparkly leather jacket and not there to vegas. It 0:12:04.720 --> 0:12:08.000 was a pass packed auditorium as you can imagine the 0:12:08.080 --> 0:12:10.400 keynote speaker and as you say, look he hit on 0:12:10.440 --> 0:12:12.959 a number of different topics and a number of different 0:12:13.040 --> 0:12:15.880 unveils as well for the business. So yes, G Forces, 0:12:16.040 --> 0:12:17.440 as you mentioned as well, a bit of a nod 0:12:17.480 --> 0:12:19.680 back to back to the past the foundations of that 0:12:19.720 --> 0:12:22.400 business of course, and video starting thirty years ago or 0:12:22.400 --> 0:12:24.920 so as a gaming company building chips for gaming, and 0:12:24.920 --> 0:12:28.000 then of course those were repurposed for AI. As we know, 0:12:28.120 --> 0:12:31.880 the G Force is interestingly built on AI infrastructure now, 0:12:31.880 --> 0:12:35.880 the Blackwell infrastructure, so that the proposition is will supercharge gaming. 0:12:35.920 --> 0:12:37.600 So if you're a hardcore gamer, that's good news. They 0:12:37.640 --> 0:12:39.760 get about ten billion eleven billion US dollars in terms 0:12:39.800 --> 0:12:43.040 of revenues from gaming, still so not insignificant, but pales 0:12:43.080 --> 0:12:44.839 and comparison in terms of what they get in terms 0:12:44.840 --> 0:12:46.880 of revenues from the data center of the business with 0:12:46.920 --> 0:12:49.319 those AI accelerators, that's expected to be about one hundred 0:12:49.320 --> 0:12:52.000 billion this year in terms of revenues, but nonetheless still 0:12:52.000 --> 0:12:55.360 a significant component is gaming. There was also the software 0:12:55.360 --> 0:12:56.840 piece as well, and it's a reminder that in Vida 0:12:56.880 --> 0:12:58.520 doesn't just do the hardware, doesn't just do the chips, 0:12:58.559 --> 0:13:01.480 it does the software around as well, with Kuda for example, 0:13:01.480 --> 0:13:04.199 that accompanies those black Well chips. But they also announced 0:13:04.559 --> 0:13:10.600 a foundation model in terms of helping developers to start 0:13:10.640 --> 0:13:15.960 to embed AI into physical property, so robots and cars, 0:13:16.000 --> 0:13:18.280 and that was a big push by Jensen Wang. He's 0:13:18.320 --> 0:13:20.920 obviously looking for other segments to grow the business, and 0:13:20.960 --> 0:13:24.040 he thinks that physical AI is going to be quote 0:13:24.080 --> 0:13:27.319 a multi trillion dollar opportunity for his business and others 0:13:27.320 --> 0:13:27.960 within the space. 0:13:28.280 --> 0:13:31.400 Yeah, the aspect of that was really interesting, particularly with 0:13:31.480 --> 0:13:34.600 this partnership that Jensen Wang announced last night with Toyota 0:13:34.720 --> 0:13:37.280 on self driving cars, particularly when we're hearing from a 0:13:37.360 --> 0:13:40.640 number of analysts now saying that Tesla is a pure 0:13:40.679 --> 0:13:43.679 AI play. This could put in Vidio into even further 0:13:43.880 --> 0:13:47.920 direct competition in the self driving vehicle space. 0:13:48.400 --> 0:13:51.880 Absolutely, and you just see every time Jensen Wong mentions 0:13:51.960 --> 0:13:54.959 a partner company. You see the move in the stopples. 0:13:55.000 --> 0:13:57.280 You saw that Media Tech. You saw that with Toyota. 0:13:57.400 --> 0:13:59.040 As you said that rallied on the back of this news. 0:13:59.080 --> 0:14:01.840 So they're going to be partnering. We're Toyota. Autonomous Vehicles 0:14:01.920 --> 0:14:03.120 is going to be part of the person you can 0:14:03.160 --> 0:14:06.200 see your future where your interactions with your car are 0:14:06.200 --> 0:14:07.679 going to be much more seamless. They're going to be, 0:14:07.679 --> 0:14:09.880 for example, doing things like facial recognition make sure you're 0:14:09.920 --> 0:14:11.880 not falling asleep, but the wheel giving you more updated 0:14:11.960 --> 0:14:14.600 data in terms of driving conditions, the road surface, all 0:14:14.600 --> 0:14:17.160 that kind of thing as part of that autonomous driving 0:14:17.160 --> 0:14:20.320 package as well. Obviously you won't be driving, it will 0:14:20.320 --> 0:14:22.960 be autonomous, but you'll be sitting. They're making sure that 0:14:23.000 --> 0:14:25.840 things stay stay on track. In terms of what else 0:14:25.960 --> 0:14:30.600 happens with the embed of AI generitive AI into some 0:14:30.680 --> 0:14:33.120 of these physical attributes. Bank of America you nodded to 0:14:33.120 --> 0:14:35.240 some of the concerns, maybe some of the cautionary notes 0:14:35.280 --> 0:14:36.720 coming through from an as Bank of America saying, look, 0:14:36.720 --> 0:14:38.080 you've got they've got to make sure that they are 0:14:38.160 --> 0:14:42.000 cheap enough. These propositions that the components they're building around 0:14:42.520 --> 0:14:45.240 embedding AI into robotics and autonomous cars. They're going to 0:14:45.280 --> 0:14:49.000 be cheap enough, pervasiveness and efficient enough to really be 0:14:49.280 --> 0:14:51.680 a new business proposition for in video. So maybe that's 0:14:51.680 --> 0:14:53.840 still a question mark for them, but clearly this is 0:14:53.880 --> 0:14:56.480 a CEO and a team that's determined to push beyond 0:14:56.560 --> 0:14:58.760 data centers to continue that growth. 0:14:59.240 --> 0:15:01.520 Last minute time, with this vision laid out last night, 0:15:01.560 --> 0:15:05.880 how important was it for Jensen Wang to overperform in 0:15:05.960 --> 0:15:08.360 terms of what the market's looking for, particularly after that 0:15:08.520 --> 0:15:11.280 last earnings report that seemed to underwhelm investors. 0:15:11.800 --> 0:15:14.360 There's always a mismatch. Always there has been a mismatch, 0:15:14.440 --> 0:15:16.720 hasn't there in terms of the concern has been There's 0:15:16.720 --> 0:15:18.480 going to be a mismatch in terms of the expectations 0:15:18.800 --> 0:15:21.480 from the markets versus what has delivered. And of course, 0:15:21.640 --> 0:15:24.400 in historic recent quarters, bar that one the most recent quarter, 0:15:25.000 --> 0:15:28.280 Nvidia managed to outperform those expectations. Now the expectations are 0:15:28.320 --> 0:15:30.920 just so so high for many analysts, they're saying that 0:15:31.000 --> 0:15:33.160 is the concern. How does Nvidia continue to meet those 0:15:33.440 --> 0:15:37.160 meet those expectations. Microsoft delayed some of those fears, of course, 0:15:37.200 --> 0:15:38.640 a couple of days ago when it announced it was 0:15:38.640 --> 0:15:41.120 going to be spending about eighty billion US dollars on 0:15:41.440 --> 0:15:44.240 data centers just this year alone, and of course Nvidia 0:15:44.640 --> 0:15:46.960 will be a key part of that build out and 0:15:47.000 --> 0:15:49.440 that spend and SATI in the Della speaking in India 0:15:49.480 --> 0:15:52.960 earlier today, talked about the partnership between Microsoft and Nvidia, 0:15:53.000 --> 0:15:55.960 but also the partnership between Microsoft and AMD, and that's 0:15:55.960 --> 0:15:59.440 where the competitive question comes into play. For Nvidia, AMD 0:15:59.560 --> 0:16:02.720 still only has a marginal slice and fraction of the 0:16:02.840 --> 0:16:05.120 market share when it comes to AI accelerators, but they 0:16:05.160 --> 0:16:07.720 are obviously determined to kind of close that gap, and 0:16:07.800 --> 0:16:10.560 obviously a number of their customers and videous customers the 0:16:10.600 --> 0:16:13.960 hyperscale is already spending on R and D develop their 0:16:13.960 --> 0:16:17.560 own chips, and that underscores gentle One's distermination to go 0:16:17.600 --> 0:16:21.000 beyond data centers into sovereign AI and now increasingly into 0:16:21.040 --> 0:16:22.360 quote unquote physical AI. 0:16:22.720 --> 0:16:26.160 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:26.240 --> 0:16:29.280 making news from Wall Street to Washington and beyond. 0:16:29.520 --> 0:16:31.920 Look for us on your podcast feed by six am 0:16:31.960 --> 0:16:35.360 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:35.560 --> 0:16:38.400 You can also listen live each morning starting at five 0:16:38.440 --> 0:16:41.160 am Wall Street Time on Bloomberg eleven three to zero 0:16:41.160 --> 0:16:44.080 in New York, Bloomberg in ninety nine to one in Washington, 0:16:44.120 --> 0:16:48.080 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:48.280 --> 0:16:50.000 XM Channel one twenty one. 0:16:50.240 --> 0:16:50.520 Plus. 0:16:50.600 --> 0:16:53.160 Listen coast to coast on the Bloomberg Business app now 0:16:53.200 --> 0:16:55.840 with Apple CarPlay and Android auto interfaces. 0:16:56.040 --> 0:16:59.080 And don't forget to subscribe to Bloomberg News Now. It's 0:16:59.080 --> 0:17:01.800 the latest news whenever you want it in five minutes 0:17:01.920 --> 0:17:05.040 or less. Search Bloomberg News Now on your favorite podcast 0:17:05.080 --> 0:17:07.240 platform to stay informed all day long. 0:17:07.600 --> 0:17:10.000 I'm Karen Moscow and I'm Nathan Hager. 0:17:10.160 --> 0:17:12.199 Join us again tomorrow morning for all the news you 0:17:12.240 --> 0:17:15.040 need to start your day right here on Bloomberg debreak