CAROLINE: I'M CAROLINE HYDE.
HIT: I A DRIVER NO SURPRISE.
CAROLINE: NO SURPRISE HEAVY MEDICINE OF
THE STOCK POT TO OF COURSE BLOOMBERG AT GOOGLE.
WE GET INTO THAT IN JUST A MINUTE.
THE HATE CRIME RACE IS ON WE BRING THE LATEST GLOBAL
GENERATIVE AI AND THE BIG BIG ANNOUNCEMENT.
IT WILL LET AND HONING IN ON THE CHIP INDUSTRY AND INCREASE
IN REVENUE. WE SPEAK WITH THE CEO OF THE
COMPANY AS IT PREPARES WHAT THEY HOPE WILL BE THE LARGEST
FOR A CHIP. CAROLINE:
ZILLOW SLASHING A PERCENTAGE OF ITS WORKFORCE.
ALL THAT AND SO MUCH MORE COMING UP BUT FIRST WE CHECK-IN
ON THE WRIST, VALIDATE AND CHECK IN ON THE MARKETS. THE NASDAQ 100 THE BIG IS
TRENDING HIGHER THE IMPENDING ANNOUNCEMENTS OR WAS IT MORE
JAY POWELL NOT PUSHING BACK ON THE BULLISH TOWN IN THE MARKET?
ALSO A LEG HIGHER THE 10 YEAR YIELD WE SAW A BE THE MOTHER
DOES BOND MARKET DECIDED THERE ARE MORE HIKES TO COME BUT THE
STOCK MARKET REALLY J BENNETT ON WHAT JAY POWELL DIDN'T HAVE
TO SAY.
LET'S SEE WHAT IT MEANT FOR
OTHER RISK ASSETS. I'M GOING TO GIVE YOU QUICK
NOTE WE LOOK AT WHAT IS HAPPENING IN THIS MOVE WE SAW
THAT MS. THE EUPHORIA OF JAY POWELL NOT PUSHING BACK ON THE
BULLISH TOWN AND THE DOLLAR DROPS. ED:
I THINK IT'S HER TO SAY A LOT OF SPECIFIC TECH NAMES LOST
STEP WITH THE S&P SOME KIND OF MORE SPECIFIC LIVES CONTINUING
TO PUSH HIGHER UP AFTER A STRIKE DECEMBER QUARTER EARNING.
ZOOM UP ALMOST 10% THE BIGGEST JUMP IN A LONG TIME AS IT
CONFIRMED IT WILL CUT 15% OF ITS GLOBAL WORKFORCE.
THEN TO THE DOWNSIDE, U.S.
ADRS DOWN 3%.
THAT IS OFF THE VISION FUND UNIT CONTRIBUTING TO THE
SURPRISE LOSS. ACCOUNTING FOR $5 BILLION LOSS
IN THE MOST RECENT QUARTER AND AMAZON KIND OF FLAT.
AI BIG DRIVER IN MARKETS WE TALKED ABOUT THAT.
MICROSOFT AN EXAMPLE OF ONE OF THOSE STOCKS MOVING ALONG WITH
THE S&P 500. WE GOT NEWS ON THE AI POWER. ONE STOCK THAT DID MOVE ON AI
AS DISTRICT SHARES JUMPED 12% CONFIRMING THAT EARNING THE
CHECKED GPT BOUGHT WHILE OUT AND BE INTEGRATED.
YOU LOOK AT SOME OF THOSE NAMES GIVING BACK SOME OF THE IS
TARNISHING GAINS THEY HAVE SEEN HERE TODAY.
THE AI FOCUS THE EARNINGS CONTINUE TO BE IMPORTANT AS
WELL. CAROLINE: WE HAVE A COMPANY THAT CAN
MARRY BOTH OF THOSE TOGETHER. THEY ALSO JUST PRODUCED ON AN
LET'S DIG IN. SOFTBANK POSTED ITS EARNING. GONE UP IN THE VISION FUND
SEGMENT BUT THE SILVER LINING, THE CONGLOMERATE HAS IN HIS
HEART NESSEL — PERSONAL THE TECHNOLOGY ARE PRESENT
THROUGHOUT CONSUMER ELECTRONICS. CHIPS POWER, MOST EVERY SINGLE
SMARTPHONE ON THE PLANET. JUST REPORTED A 28% INCREASE IN
REVENUE FOR THE LATEST QUARTER. HIGHLY ANTICIPATED IPO THIS
YEAR THAT IS WHY WE ARE SO PLEASED TO WELCOME GRANNY HOUSE.
— RENÉE HOUSE.
WE HAVE SEEN OVERALL THE CHIPS
SECTOR BE SOMEWHAT DISSEMINATED. THE DEMAND REVERSING AND YET
YOU MANAGED TO BE PUSHING HIGHER WHEN YOUR CLIENTS ARE
FOLLOWING. WHAT IS HAPPENING? WE ARE VERY HAPPY WITH THE
QUARTER WE JUST HAD. OUR REVENUE IS UP 28%.
WE SIGNED INCREASE OF 60% IN THE LICENSING BUSINESS IN 20%
IN ROYALTIES. WE HAVE SEEN A SIGNIFICANT —
DIVERSIFICATION. BUSINESS AROUND THE CON HAS
BEEN IN THE DOUBLE DIGITS. OUR BUSINESS IN COLORADO
PROBABLY TRIPLE DIGITS. THIS STRATEGY IS NOT NOW WE
STARTED IT HAD NUMBER OF YEARS AGO.
WE ARE JUST NOW STARTING TO SEE THE FRUITS OF THAT LABOR.
CAROLINE: CAN YOU GIVE US SOME TARGETS
AROUND AUTOMOTIVE? >> YOU KNOW THESE AREAS ARE
PLACES WHERE THE GROWTH HAS BEEN VERY SIGNIFICANT OVER THE
LAST NUMBER OF YEARS WE HAVE MADE A CONSCIOUS DECISION TO
FOCUS ON THESE NEW MARKETS PARTICULARLY WITH PRODUCTS.
AS A RESULT WE HAVE SEEN HUGE
BENEFIT FROM THAT. EVERY CLOUD PROVIDER HAS
INSTANCES IN THE CLOUD. OUR TOP 50 CUSTOMERS ARE ABLE
TO USE ARM. MOBILEYE AND VIDEO, ALL
SHIPPING SILICON AND TO AUTOMOTIVE. ED:
GOOD AFTERNOON TO YOU. YOU BUCKED THE TREND.
I WANT TO DIG INTO THIS IDEA OF HOW YOU CONTINUE TO GROW IN
YOUR CUSTOMERS DON'T. IS THIS AN ISSUE OF LOG YOU ARE
NOT YET EXPERIENCING BUT WILL EXPERIENCE LATER ON IN THE YEAR?
>> WE ARE NO DIFFERENT THAN THE REST OF THE INDUSTRY.
WE FEEL THE EFFECTS OF THE SLOWDOWN BUT WE ARE BUFFERED TO
SOME EXTENT. WE HAVE SEEN SIGNIFICANT GROWTH
GAINING MARKET SHARE IN THE CLOUD GAINING MARKET SHARE IN
AUTOMOTIVE AND SMARTPHONES IT'S BEEN WELL-DOCUMENTED THERE WAS
A SLOWDOWN IN THAT INDUSTRY. WE HAVE SEEN VERY GOOD RESULTS
OF THAT'S BEEN TO TWO MAIN FACTORS. MORE VALUE FOR US BUT ALSO MORE
IMPORTANTLY WE SING MORE TECHNOLOGY INSIDE THE
SMARTPHONES.
MORE PROCESSORS, IT MEANS MORE
CPUS IN THE SMARTPHONE OR CHICKEN MUSIC GROUP — OR
ROYALTIES FOR US. ED: HOW CONFIDENT ARE YOU THAT
THOSE OUTLIERS OF PERFORMANCE THAT YOU HAVE JUST LIKE CAN
CONTINUE THROUGHOUT CALENDAR 23? >> WHO CAN BE REALLY CONFIDENT
THESE DAYS IN TERMS OF WHERE THE MARKET IS GOING TO GO?
WE ARE VERY CONFIDENT IN THE LONG-TERM SECULAR AND THAT IS
COMPUTE AND NUMBER TWO THAT IS MORE POWER EFFICIENT COMPUTE
WHEN YOU LOOK AT THE DATA CENTER AND AUTOMOTIVE THESE ARE
AREAS THAT NEED A HIGH DEGREE OF POWER EFFICIENCY.
SOMETHING THAT SURPRISED FOLKS LAST QUARTER WAS A RECORD
NUMBER OF SHIPMENTS BY THE ARMED PARTNERS.
8 BILLION SHIPS THAT WERE SHIPPED BY OUR PARTNERS.
THAT FEEDS A CYCLE OF PEOPLE
DEVELOPING CYCLE THAT FEEDS INTO MORE DEMAND.
YOU ALSO SEE THOSE RELATIVE TO WHAT IS GOING ON BUT WE ARE
VERY CONFIDENT THE LONG-TERM SECULAR TREND IS VERY GOOD FOR
US. CAROLINE: SOMEONE ELSE'S CONFIDENT AROUND
YOU AND IT'S THAT THE IPO WILL BE THIS YEAR.
AS IT LONDON, NEW YORK? DO YOU HAVE A TIMEFRAME FOR US? >> I CAN SAY WE ARE FULLY
COMMITTED TO AN IPO IN 2023. THERE HAS ALREADY BEEN A LOT OF
PLANNING. REGARDING LOCATION, I CAN'T
TALK ABOUT THAT NOTICES HAVEN'T — A DECISION HAS BEEN MADE.
CAROLINE: WHEN IT COMES TO YOUR
RELATIONSHIP CALL, AHEAD OF THE INITIAL PUBLIC OFFERING, THERE
HAS BEEN DISPUTE THERE. HOW IS THAT PROGRESSING? >> I CAN'T COMMENT ON
LITIGATION, I HAVE TO LEAVE THAT UP TO OUR LEGAL TEAM.
I CAN SAY WE ARE VERY CONFIDENT IN THE CASE AND WE THINK THE
COURT WILL ULTIMATELY AGREE WITH OUR POSITION. ED:
I WANT TO TALK ABOUT CHINA A LITTLE BIT.
ARM IS ABOUT THE UNDERLYING TECHNOLOGY.
HOW IMPACTED ARE YOU BY U.S. AND ALLIED EFFORTS TO CUT CHINA
OFF TO ACCESS TO THE LATEST IN CHIP TECHNOLOGY? >> LIKE ANY OTHER COMPANY, WE
CAN PLAY 100 PERCENT WITH WHATEVER THE U.S.
GOVERNMENT COMES DOWN WITH.
BECAUSE WE ACTUALLY DON'T MAKE
ANYTHING PHYSICAL, WHAT WE DELIVER IS INTELLECTUAL
PROPERTY AND LICENSE RIGHTS TO BUILD PRODUCTS WITH OUR DESIGNS
WE ARE NOT SO DIRECTLY IMPACTED BY SOME OF THE RECENT RULINGS. EITHER CHIP COMPANIES OR
EQUIPMENT MAKERS OR STAFF THEMSELVES, WE HAVE SOME LEVEL
OF INDIRECT IMPACT. IF THERE IS SOMETHING WE NEED
TO COMPLY WITH WE COMPLY, OF COURSE BUT GIVEN WHERE WE SET
NOT SO DIRECTLY IMPACTED AS SOME OF THE OTHER COMPANIES
MIGHT BE.
ED: YOUR TECHNOLOGY IS PRESENT
THROUGH SO MUCH THAT GOES INTO CONSUMER ELECTRONICS.
THE DESIGNS ARE INTEGRAL TO THE CHIPS FOR SMART PHONES THE HOT
TOPIC, IT'S ARTIFICIAL INTELLIGENCE. HIS ARM COMPETITIVE IN THAT
FIELD AND I KNOW THAT YOU WORK CLOSELY WITH BIG TECH NAMES
THAT ARE DOING MORE IN-HOUSE CHIPS IN THIS AREA. >> I WOULD LIKE TO SAY WE ARE
FOR MORE THAN COMPETITIVE. THERE IS A LOT HAVE AI THAT
RUNS ON ARM ALREADY.
WHEN YOU THINK ABOUT INFERENCE
AT THE EDGE AND ANY KIND OF ARTIFICIAL INTELLIGENCE THAT
THAT IS ALL BEING RUN ON ARM CPUS.
THERE IS A LOT IN THE INDUSTRY EVEN TODAY REGARDING AI THAT'S
GOING TO MEAN EVEN MORE DEMAND FOR OUR TECHNOLOGY.
WHEN YOU LOOK AT THE WORK WAS THAT RUN ON CPU AND
ACCELERATORS, THERE IS ROOM FOR ACCELERATION TO TAKE PLACE IN
BOTH AREAS. I THINK THE AREA WE WILL
PERFORM WELL IS POWER EFFICIENCY. THESE NEW AI ALGORITHMS ARE
INTENSIVE AND IN OUR BROKER WE DON'T HAVE THAT MUCH ENERGY TO
THROW AT A PROBLEM IT'S GOING TO BE CRITICALLY IMPORTANT.
CAROLINE: FROM YOUR GLOBAL PERSPECTIVE
CAN YOU TELL US WHERE THE U.S.
SITS IN THE RACE?
WHEN IT COMES TO ARTIFICIAL INTELLIGENCE? >> CERTAINLY THE U.S.
IS INVESTING VERY HEAVILY IN THIS.
YOU SO THAT TAKE PLACE TODAY WITH GOOGLE AND MICROSOFT.
OR THE U.S. IS VERSUS OTHER GEOGRAPHIES, IT
IS CLEAR THAT ARTIFICIAL INTELLIGENCE WHETHER IT'S A
SPOT OF FAKE PLAYLISTS IT IS FINDING ITS WAY INTO OUR LIVES
AND I THINK IT'S ONLY GOING TO INCREASE. ED: WE LOOK FORWARD TO THAT IPO.
STICKING WITH CHIPS INTEL IS LOOKING TO RAISE $11 BILLION
THROUGH THE BOND MARKET. A SOURCE SAYS SEVEN PARTS AND
TIME TO TAKE ADVANTAGE OF THE DEMAND AND LOWER BORROWING
COSTS. FOLLOWING A SERIES OF DOWNGRADES FROM MAJOR CREDIT
ASSESSORS.
EXPECTED TO YIELD 215 BASIS
POINTS OVER TREASURIES. AGAIN, ACCORDING TO A BLOOMBERG
SOURCE. CAROLINE: THE AI RACE HEATS UP AND
MICROSOFT IS ANNOUNCING ITS AI POWERED BEING SEARCH ENGINE. LET'S TAKE A CHECK ON ONE TECH
COMPANY, ZOOM CLOSED HIGHER BY 9% TUESDAY.
IT'S ACTUALLY ANNOUNCING CUTS TO ITS WORKFORCE.
THAT'S PART OF RESTRUCTURING. THE CEO CALLED HIMSELF
ACCOUNTABLE FOR THE ISSUES AND HE WOULD HIMSELF REDUCE HIS
SALARY AND FORGO HIS BONUS.
MORE ON THAT AHEAD.
THIS IS BLOOMBERG. ♪ CAROLINE:
THE BIG REVEALED SUNDAY MICROSOFT ANNOUNCING AI
TECHNOLOGY TO POWER NEW VERSIONS OF ITS BING SEARCH
ENGINE. MICROSOFT CORPORATE VICE PRESIDENT AND HUSBAND A BUSY
DAY — IT HAS BEEN A BUSY DAY. THERE IS A WEIGHT LINE TO START
USING IT IN THIS WAY WHAT HAS THE REACTION BEEN LIKE? >> ITS EARLY DAYS BUT IT IS
ALREADY A LOT OF SIGN UP INTEREST ON GETTING A LOT OF
EMAILS FOR PEOPLE THAT WANT TO GET IN THE FRONT OF THE
WAITLIST. I THINK WE HAVE LIT UP PEOPLES IMAGINATION OF WHAT
IS POSSIBLE BY INFUSING AI AND CHAT AND GETTING TO A PLACE
WHERE YOU CAN ALSO GET ANSWERS TO YOUR QUESTIONS.
I THINK IT STRUCK A CHORD SO FAR SO WE ARE PRETTY EXCITED
ABOUT IT.
CAROLINE: STRUCK A NERVE IS AN
INTERESTING WAY OF SAYING IT BECAUSE IT FEELS LIKE YOU
STRUCK A NERVE UNDERNEATH GOOGLE'S WILL BECAUSE IT'S
TALKING UP ITS SPOT AT THE MOMENT.
DISCUSS WHY THAT SEEMS TO BE THE FLURRY OF ANNOUNCEMENTS FOR
THIS GENERATIVE AI WITHIN SEARCH. >> WE HAVE BEEN WORKING AT IT
FOR A LITTLE WHILE AND WE HAVE BEEN EXCITED ABOUT IT.
TODAY THERE IS 10 BILLION QUARRIES THAT HAPPEN ON ANY
GIVEN DAY. THAT TO US IS A HUGE OPPORTUNITY TO SORT OF REINVENT
SEARCH. AI IN THE LAST SEVERAL MONTHS
HAS SEEN AN INFLECTION. THE USER EXPERIENCE, THE IDEA
OF BEING ABLE TO CHAT, THE COMBINATION OF THOSE TWO THINGS
HAS COME TOGETHER FOR A BIG OPPORTUNITY. ED:
BUSY DAY AS CAROLINE SAID. I QUESTION IS WHY NOW?
HOW READY IS IT? HOW CONVINCE ARE YOU THAT IT IS
READY? I THOUGHT THE TIMING WAS INTERESTING.
>> AS I MENTIONED WE HAVE BEEN
WORKING ON IT FOR A WHILE. WE DO FEEL LIKE WE ARE READY TO
GO TO A LIMITED PREVIEW AND WE ARE HAPPY TO SHIFT IN THAT
STATE. IN THE EVOLUTION OF THE TECHNOLOGY THERE IS ONLY SO
MUCH YOU CAN DO IN THE LAB AND THEN YOU GET TO A PLACE WHERE
YOU NEED TO GET THE USER FEEDBACK.
YOU NEED THAT TO IMPROVE THE PRODUCT.
WE HAVE A WELL IDEA IN TERMS OF HOW TO CHAT AND SEARCH AND
BROWSE. WE PUT IN ALL THE GOOD WORK TO
MAKE SURE IT IS A STABLE SYSTEM WE ARE LOOKING FORWARD TO
GIVING FEEDBACK AND IMPROVING. ED: YOU SAY OPEN AI HAS A CLOSED
PROFIT. IT HAS BEEN LICENSING ACCESS TO
DEVELOPERS. IS THERE ANY ELEMENT OF
EXCLUSIVITY IN THIS ARRANGEMENT WOULD OPEN AI THAT GIVES YOU AN
ADVANTAGE OVER OTHERS? UTILIZING THE UNDERLYING
TECHNOLOGY? >> AND CAN WORK WITH MANY
COMPANIES. WE WORKED WITH THEM TOGETHER SO
CLOSELY SO THIS LATEST AI MODEL UNDERNEATH THE COVERS WHICH WE
ANNOUNCED TODAY IS A BRAND-NEW ONE.
THIS ONE IS MUCH MORE POWERFUL. WE WORKED TOGETHER TO MAKE THAT
HAPPEN.
CERTAINLY OTHER COMPANIES CAN
WORK WITH THE TECHNOLOGY BUT I THINK WE HAVE A GREAT
COLLABORATION THERE. WE ARE MAKING THAT ACROSS
BECAUSE THE CLOUD POWERS THE BACKEND.
WE WORKED WITH THEM ON THIS APPEARED — SUPERCOMPUTER AT
THE MONETIZATION MODEL AS WELL SO ACROSS-THE-BOARD WE HAVE A
DEEP PARTNERSHIP. CAROLINE: TALK TO US ABOUT MONETIZATION.
THE CEO SAYING IS GOING TO RESHAPE PRETTY MUCH EVERY
SOFTWARE CATEGORY. WHAT IS THAT MEAN IN TERMS OF
CATEGORIES? >> THE WAY TO THINK ABOUT THIS
IS SEARCH IS THE LARGEST SOFTWARE CATEGORY THAT IS OUT
THERE. ADVERTISING IS A $600 BILLION
BUSINESS. WE HAVE AN OPPORTUNITY TO
RESHAPE THAT, TO BRING A VALUE TO PEOPLE AS WE TALKED ABOUT IN
TERMS OF BEING ABLE TO ANSWER QUESTIONS BUT ALSO NEW VALUE TO
ADVERTISERS WHO CAN BRING MORE TARGETED ADVERTISING AND GET
BETTER ROI. THE OPPORTUNITY TO IMPROVE THAT
IS GOING TO BENEFIT EVERYBODY. CAROLINE:
WE WENT TO OUR OWN AUDIENCE TO ASK THEM WHERE THEY FEEL THE
WINNINGS WILL BE MADE.
NOT JUST TALKING ABOUT GOOGLE
VERSUS MICROSOFT BUT CHINA VERSUS THE U.S..
NOTE TO — NOTABLY 38% BUT U.S. TECHNOLOGY WILL WHEN THAT AI
RUSS WAS LIKELY CHINA BUT ROBOTS IS WHERE THEY KIND OF
POINT THAT SPEAKS TO A POINT TO THE POWER OF ARTIFICIAL
INTELLIGENCE AND AT THAT POINT TO READ CORRECT ITSELF, TO
IMPROVE UPON ITSELF. I ASKED YOU ABOUT THE CONCERNS,
THE SAFETY, THE BIASES. HOW TO MAKE SURE HE WE ARE AT
THE RIGHT PLACE TO UNLEASH THIS.
>> IT IS TOP OF MIND FOR US.
WE FOCUSED FOR MANY YEARS ON RESPONSIBLE AI.
WE PUT FORTH PRINCIPLES AND A FRAMEWORK AND HAVE DONE A LOT
OF ENGINEERING IN THAT REGARD. WE HAVE LEARNED A LOT FROM OUR
PAST RELEASES SO WHAT RE-RELEASED TODAY HAS A BUNCH
OF GUARDRAILS AND SAFETY FOR THINGS LIKE SAFE SPEECH, HATE
SPEECH AND SELF-HARM. BEFORE HE GETS TO THE MODEL,
BEFORE IT GENERATES ANY CONTENT WE TRAINED THEM TO CATCH THESE
THINGS AND AGAIN BEFORE ANSWERS COME OUT SO WE HAVE DONE A LOT
OF WORK. THERE ARE BAD ACTORS OUT THERE
WHO LIKE TO HIKE THE SYSTEM AND WE LIKE TO FEEL TODAY IS AN
IMPORTANT PART. YOU HAVE TO GO TO MARKET, YOU
ACTUALLY HAVE TO SHIP. YOU CAN'T SOLVE THESE PROBLEMS
IN A LAPID. — IN A LAB. CAROLINE:
GENERATIVE AI DAY IN AND DAY OUT IT'S GREAT TO HAVE YOU ON. ED, YOU EVEN TALKED ABOUT IT
SOME OF THE OTHER COMPETITORS, RIGHT? ED: A BIG-NAME COMING OUT OVERNIGHT
CONFIRMING A SKIT THAT AS SOON AS MARCH IT WILL ROLL OUT ITS
CHATGPT COMPETITOR. IT'S INTERESTING BECAUSE THEY
DIDN'T DO A BIG ON STAGE SPLASH WHAT DOES PRESS THEY JUST MADE
A STATEMENT KIND OF FLEXING A LITTLE BIT ABOUT THE ROADMAP.
IT IS THE GOOGLE OF CHINA, IT
DOMINATES THE SEARCH MARKET THERE AND THEY PLAN TO
INTEGRATE THAT INTO THEIR OWN SEARCH CAPABILITIES. AS WE DISCUSSED THE SHARES
ABSOLUTELY SURGING BOTH IN HONG KONG CAROLINE: AND THE U.S..
CAROLINE:JUST THE ELEMENT HERE, WE TALKED
TIME AND TIME AGAIN ABOUT THE U.S. VERSUS CHINA.
YOU THINK ABOUT THE BOOKS THAT HAVE BEEN WRITTEN THAT CHINA
REALLY MANAGED TO GET INTO THE HOME SO MUCH FASTER.
THE BASIC FORM OF LANGUAGE AI WE ARE ALL USED TO ASKING A
PIECE OF EQUIPMENT IN OUR HOME CHINA LED THE WAY THERE.
ED: ARNIE IS SO SIMILAR, IT GIVES A
CONVERSATIONAL STYLE RESPONSE. IT CONTINUES TO TRACK.
COMING AT WE WILL TURN BACK TO SOFTBANK AND TURN MAY BE TO A
VISION FUND PLUS A NEW FENCE FROM GOLDMAN SACHS WE WILL
BRING THAT ALL OF THE SHOULD WE WILL BRING ALL OF THAT NEXT. ED: BETTEL DIVISION FUND TO STILL
HAS SIX POINT $5 BILLION FOR FRESH INVESTMENTS.
SOFTBANK ARE KEY FUNDS WAS $5 BILLION IN VALUE IN THE
DECEMBER QUARTER. IT WAS THE SEGMENTS FOURTH
STRAIGHT QUARTER OF LOSSES AND MORE OF COURSE IN THE WORLD OF
AI. G 42 HIRING DOZENS OF PEOPLE IN
SINGAPORE, SHANGHAI, AND TEL AVIV TO SCOUT FOR OPPORTUNITIES
FOR A TECH FUND ACCORDING TO SOURCES.
IT WILL TARGET TECHNOLOGY INVESTMENT ACROSS THOSE MARKETS.
CAROLINE: STILL GETTING REUSE PARTICULARLY IN THESE AI FRONTS.
GREAT WRAP UP MEANWHILE WHAT WE ALL CONTINUE TO TALK ABOUT, WE
ARE TALKING ABOUT SOCIAL MEDIA BEING FRONT AND CENTER IN
WASHINGTON AS THE PRESIDENT PREPARES TO DELIVER HIS STATE
OF THE UNION ADDRESS WE WILL BRING YOU THE DETAILS AHEAD AND
WHAT IS HAPPENING IN TERMS OF LEGISLATION THAT WILL BE
ANALYZED BY CONGRESS.
