Nvidia’s Huang charts the AI future

CEO Jensen Huang says the chipmaker is well-positioned for the changing AI economy ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot SoftBank Group Corp ¥6,039 +20% LG Electronics Inc 235,000 won +27% SK Hynix Inc 1,914,000 won +7.2% Market data as of 03:30 AM ET. Data is subject to provider delays. Your watchlist Top Stories Samsung strike averted: The world’s largest memory chipmaker reached a tentative deal with its labor union on the eve of a strike that was set to begin Thursday. Read more about the 11th-hour truce. Airbnb diversifies: The home-rental company is adding more a la carte services for guests, including luggage storage and, soon, car rentals. Here’s everything that’s coming to the Airbnb app. Anthropic makes money: The artificial intelligence company expects to post its first operating profit in the current quarter. See the numbers here. Must Reads SpaceX Filing Reveals $4.28 Billion Loss, Musk’s Tight Grip SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and the super-voting share plan allowing Elon Musk to keep the rocket, satellite and artificial intelligence giant under his control. Airbnb’s Chesky Says US ‘Misunderstanding’ Use of Chinese Open-Source AI Models Airbnb Inc. Chief Executive Officer Brian Chesky defended his company’s use of Chinese artificial intelligence models, saying US lawmakers who worry Chinese firms can access Americans’ user data are “misunderstanding” the technology. Anthropic to Pay SpaceX Nearly $45 Billion for Computing Deal Anthropic PBC has agreed to pay Elon Musk’s SpaceX nearly $45 billion over the next three years for computing resources as part of an expanded deal to support its Claude artificial intelligence software, according to a securities filing. Beyond The Brief Nvidia’s quarterly earnings report has grown into a globally watched event, with some consistent themes. One, the company consistently outperforms expectations, and two, CEO Jensen Huang treats analysts to a lecture about the future of AI and Nvidia’s leading role in it. The most recent conference call stayed true to theme, Ian King writes in today’s Tech In Depth. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. Bloomberg Podcast When Bob Lee, a well known tech executive famous for creating Cash App, was found stabbed to death in San Francisco, his killing set off a wave of online fury and speculation. But when a suspect was arrested for his murder, it became clear the rumors could not be further from the truth. Listen to Foundering: The Killing of Bob Lee. This Week in Cyber Bulletin Six years after hackers broke into nine US agencies, newly released records show the alleged Russian-backed cyberattackers were able to penetrate into some of the US financial system’s most sensitive networks, Jordan Robertson reports in this week’s Cyber Bulletin. The hackers took nearly complete control of the Treasury Department’s email systems and had their pick of employee accounts to spy on in 2020, he writes. Sign up for the Cyber Bulletin newsletter for exclusive coverage inside the shadow world of hackers and cyber-espionage ‒ and how businesses are playing defense. Before You Go... James Murdoch Agrees to Buy New York Magazine, Vox Podcasts James Murdoch has agreed to buy a significant chunk of Vox Media, marking a major expansion into US media for the youngest son of Australian media mogul Rupert Murdoch. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |