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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Single best idea and we say good morning to you.

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Speaker 2: We're taping this right after the show. I come out

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Speaker 2: of the show and you know, I mean, you have

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Speaker 2: to fight through the fans and all that. We get

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Speaker 2: into the room and Eric and I put together a

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Speaker 2: six to seven minute podcast. What is it. It's two

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Speaker 2: ideas out of the show. They're not like our best ideas.

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Speaker 2: There are smartest ideas or things that may be worldwide.

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Speaker 2: We care about. One of the things we care about

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Speaker 2: is the risk that is out there. Amy was Silverman

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Speaker 2: is out of the Princeton Combine and it's absolutely fabulous.

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Speaker 2: It's speaking in English about the Greek letters. She is

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Speaker 2: in derivatives, and that goes into cross moments like variants

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Speaker 2: and skew and curtosis and mathematical thing like that, and

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Speaker 2: also into your high school height distribution. Remember in high school,

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Speaker 2: you're studying statistics and it was like, okay, here's the

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Speaker 2: height of my class, and over on the left where

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Speaker 2: the short people the left tail, and over on the

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Speaker 2: right were the tall people the right tail. Well, they

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Speaker 2: brought that over to finances. Of course we can do

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Speaker 2: and we talk about left tail being the angst that's

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Speaker 2: out there, and right tail being maybe a better feeling,

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Speaker 2: a good feeling of what's out there within the equity markets.

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Speaker 2: Amy was silverman of our VC on your Tails.

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Speaker 1: The right tail is definitely not gone. It's just waned,

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Speaker 1: so the exuberance is still there. You look at a

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Speaker 1: stock like in video where that right tail was just

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Speaker 1: so historic, You really like in the whole history of

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Speaker 1: Nvidia had never seen anything like it. That bid for

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Speaker 1: call options that's peaked in March, but it's still there.

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Speaker 1: There's still call demand outweighing put demand. It's actually just

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Speaker 1: the idea that the left tail's waking up. You know,

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Speaker 1: we've had geopolitical tensions before, We've had Middle East tensions before,

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Speaker 1: We've had sticky CPI before. Why is it different now?

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Speaker 1: The fact that the leftail is waking up, I think

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Speaker 1: just speaks to a global worry that's picking up as well.

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Speaker 2: Harry is from many other people, not maybe in a

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Speaker 2: quant sense of looking at tails or looking at the

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Speaker 2: cross moments, but far more skew would be the lead

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Speaker 2: one there, but far more just trying to put it

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Speaker 2: in English about the confidence to stay in the market

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Speaker 2: and so on single best idea, we can take it

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Speaker 2: broader and we can do it as is Amy wus

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Speaker 2: Silverman mentions, a Nvidia what about all this AI? Paul

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Speaker 2: Sweeney's got a better feeling about AI than I do.

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Speaker 2: He's more confidence about it. My answer is I'm very

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Speaker 2: unsure about it, and what I really want to do

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Speaker 2: is listen to experts. Our expert is aniog Rana of

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Speaker 2: Bloomberg Intelligence, who is definitive on thinking about the cloud

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Speaker 2: first thing here. That's important aniog ran On as time

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Speaker 2: frame is different than your time frame. Most people looking

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Speaker 2: at AI, what's it going to be like this fall?

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Speaker 2: What's it going to be like a year from now?

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Speaker 2: Ani Ragrana is looking out three years, five years, ten

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Speaker 2: years in what artificial intelligence will do? We need an update?

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Speaker 2: Ani Ragrana of Bloomberg Intelligence.

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Speaker 3: One of the things we predict over the next three

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Speaker 3: years you will see revenue growth accelerate, but you're not

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Speaker 3: going to see R and D budgets go at that

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Speaker 3: same pace. So that's the margin enhancement for you. But

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Speaker 3: that does not mean that you're going to be firing

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Speaker 3: you know, software developers because there is millions of shortage

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Speaker 3: right now for people to get work done. I think

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Speaker 3: the real benefit is going to be in modernizing the

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Speaker 3: old applications, which were written in a language that people

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Speaker 3: don't use anymore. So this particular software can convert that

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Speaker 3: into the newer language, which can do more, you know,

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Speaker 3: unique things, or digitize your business a lot faster.

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Speaker 2: It's good to talk to Anna Ragrana about the comeback

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Speaker 2: ground trip, if you will, in Amazon, off the pandemic euphoria.

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Speaker 2: What a plunge in Amazon and almost back out to

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Speaker 2: where it was. Oh, I think it was the end

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Speaker 2: of twenty two as well. Some of the roller coasters

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Speaker 2: of artificial intelligence. We're getting ready for earning season Netflix

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Speaker 2: this afternoon. Look to Tim Stevanovic and Carol Masser. They'll

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Speaker 2: have all of that for you on Bloomberg Radio here

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Speaker 2: in the afternoon. But then we really dive into the

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Speaker 2: beginning of a blended industrial and also the technology earnings

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Speaker 2: that we see at the end of April into well

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Speaker 2: May second is Apple among others as well. So it's

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Speaker 2: into earning season to see where we fit in this

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Speaker 2: great bull market. We are on Apple car Play, download

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Speaker 2: the Bloomberg Business app, also out on Google. I should say,

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Speaker 2: and that's building out nicely, but we are humbled by

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Speaker 2: YouTube and what we've seen out there. Searched Bloomberg podcasts,

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Speaker 2: look for Lisa Matteo and we're there. We're there, seven

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Speaker 2: to ten. We're now rolling out the complete show as

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Speaker 2: a digital file, which you'll see later in the morning.

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Speaker 2: And of course the thoughts like this, like single best idea,