WEBVTT - Nvidia CEO Slams US Chip Rules, Trump’s AI Advisor Discusses Action Plan 0:00:02.520 --> 0:00:09.959 Bloomberg Audio Studios, podcasts, radio news from the heart of 0:00:10.000 --> 0:00:15.720 where innovation, money and power collide in Silicon Valley and beyond. 0:00:16.160 --> 0:00:40.360 This is Bloomberg Technology with Caroline Hyde and Ed Ludlow. 0:00:35.040 --> 0:00:36.280 Live from San Francisco. 0:00:36.400 --> 0:00:39.440 This is Bloomberg Technology coming up in Nvidio CEO Jensen 0:00:39.479 --> 0:00:43.680 Wang slams US restrictions on AI chip sales to China 0:00:44.040 --> 0:00:47.479 and calls them a failure. Plus, President Trump vows to 0:00:47.479 --> 0:00:51.440 make a Golden Dome missile defense shield fully operational by 0:00:51.479 --> 0:00:54.200 the end of his term. And President Trump invites Elon 0:00:54.320 --> 0:00:57.200 Musk to meet with South African leader Cyril Ramafosa with 0:00:57.440 --> 0:01:01.600 starlink a point of discussion, Let's get straight to today's 0:01:01.600 --> 0:01:05.200 top story and video. CEO Jensen Wong slamming US restrictions 0:01:05.440 --> 0:01:08.640 on AI chip sales to China, calling them quote a 0:01:08.720 --> 0:01:12.640 failure and urging the White House to lower barriers, saying, quote, 0:01:12.680 --> 0:01:16.360 the US should maximize the speed of AI diffusion because 0:01:16.400 --> 0:01:20.200 if we don't, the competition will come. Bloomberg's Ian King, 0:01:20.240 --> 0:01:23.720 who leads our coverage as Semiconductors, is here in San Francisco. 0:01:24.360 --> 0:01:27.640 What is Jensen Wong's grievance and how does it relate 0:01:27.680 --> 0:01:28.840 to in Nvidia's business. 0:01:29.160 --> 0:01:32.200 Yeah, that's the key point here is that China is 0:01:32.240 --> 0:01:36.880 the largest market for semiconductors in video obviously has faced 0:01:36.959 --> 0:01:39.680 increasing regulations from Washington, which. 0:01:39.520 --> 0:01:41.720 Is restricting its ability to do business there. 0:01:41.920 --> 0:01:44.679 The latest of which we saw was the H twenty chip, 0:01:44.720 --> 0:01:46.760 which he can no longer ship there. And this was 0:01:46.800 --> 0:01:48.800 a chip remember that he scaled down so that it 0:01:48.800 --> 0:01:51.880 wouldn't trigger those restrictions. So life is getting harder and 0:01:51.920 --> 0:01:54.279 harder for Jensen and for Invidia in China. 0:01:54.320 --> 0:01:57.120 Scale down in the sense that he lowered the performance 0:01:57.160 --> 0:01:59.400 of that chip so that it met parameises outlined by 0:01:59.440 --> 0:02:02.000 the US government. And it's kind of an interesting change 0:02:02.000 --> 0:02:05.160 of tone because it was just literally seven days ago 0:02:05.480 --> 0:02:08.120 that Jensen one was with the President in the Middle East, 0:02:08.600 --> 0:02:11.720 and at that time, when the Commerce Department rescinded the 0:02:11.720 --> 0:02:15.080 diffusion rule, Jensen was quite happy about it. But there 0:02:15.120 --> 0:02:19.440 is a distinction between in Vidia's ability to sell semiconductors 0:02:19.480 --> 0:02:22.440 to the Gulf States and its hope to do business 0:02:22.520 --> 0:02:23.400 directly with China. 0:02:23.560 --> 0:02:23.960 That's right. 0:02:24.000 --> 0:02:26.480 I mean, he's trying to parlay that sort of momentum 0:02:26.919 --> 0:02:29.720 into a new a fresh look at what's going on 0:02:29.800 --> 0:02:33.800 in China. The diffusion rule was basically going to restrict 0:02:33.800 --> 0:02:35.560 an area of the world where there's a lot of 0:02:35.600 --> 0:02:39.040 money going to be devoted to AI infrastructure, and you know, 0:02:39.360 --> 0:02:41.320 there was a victory that the US companies are going 0:02:41.360 --> 0:02:43.240 to be allowed to be part of that. His argument 0:02:43.360 --> 0:02:46.400 is that should be the case everywhere, because then that'll 0:02:46.400 --> 0:02:50.519 give you US technology the position that it needs and 0:02:50.560 --> 0:02:52.640 the position it should occupy, which is that they're a 0:02:52.680 --> 0:02:53.880 center of this revolution. 0:02:53.960 --> 0:02:56.400 And a reminder that in Nvidia has its quarterly earnings 0:02:56.440 --> 0:02:57.200 report next week. 0:02:57.240 --> 0:02:59.240 Bloombogzine King, thank you very much. 0:02:59.280 --> 0:03:03.160 Now, last week were multiple deals between US technology companies, 0:03:03.160 --> 0:03:05.920 including in Nvidia and the Golf States as part of 0:03:05.960 --> 0:03:07.640 President Trump's visit to the region. 0:03:08.120 --> 0:03:09.440 In the week that's followed. 0:03:09.600 --> 0:03:13.359 China's access to US technology via third countries or channels 0:03:13.680 --> 0:03:16.320 like the Golf has since become a concern for the 0:03:16.320 --> 0:03:20.280 technology industry to discuss. We're joined by White House Senior 0:03:20.320 --> 0:03:23.920 Policy Advisor for AI, Sri Ram Krishnan, who was with 0:03:24.000 --> 0:03:27.160 the President in the Middle East and participated in the 0:03:27.160 --> 0:03:30.200 formation of some of those deals. Mister Christian, welcome to 0:03:30.200 --> 0:03:33.119 Bloomberg Technology. Thank you for your time and for joining us. 0:03:33.639 --> 0:03:37.960 You heard there the reporting overnight about Nvidia CEO Jensen 0:03:38.000 --> 0:03:43.400 Wung's complaint about the state of American business and being 0:03:43.440 --> 0:03:46.680 able to do business with China. You're familiar with that story. 0:03:47.200 --> 0:03:50.400 What is your reaction to start to mister Hung's comments 0:03:50.640 --> 0:03:52.400 and his line of argument. 0:03:55.160 --> 0:03:56.800 Thank you for having me on the show. I'm a 0:03:56.800 --> 0:04:00.840 big fan excited to finally be here. It may be 0:04:00.960 --> 0:04:04.600 useful to set some context about how we got here. 0:04:05.360 --> 0:04:08.600 In the first week of President Trump taking office, he 0:04:09.240 --> 0:04:10.880 issued an executive. 0:04:10.480 --> 0:04:12.760 Order which did away with the old. 0:04:12.640 --> 0:04:16.080 Biden executive order on AI, and President Trump's executive order 0:04:16.120 --> 0:04:20.320 had very clear marching orders. It said, we need dominance 0:04:20.600 --> 0:04:24.280 for American AI. And since that first week, that's what 0:04:24.880 --> 0:04:28.880 me the AIS are David Sachs, Michael Katsios, the head 0:04:28.880 --> 0:04:31.880 of OSTB, and many many others have been working towards 0:04:31.920 --> 0:04:34.600 and what you saw last week in the Gulf as 0:04:34.640 --> 0:04:37.480 part of this historic trip was a milestone as part 0:04:37.480 --> 0:04:40.200 of the dominance of American AI. And if I could 0:04:40.200 --> 0:04:43.960 maybe quickly recap what we announced last week, so under 0:04:44.000 --> 0:04:47.960 the Biden regime, it was pretty much impossible for our 0:04:48.080 --> 0:04:52.680 allies to get access to our best and brightest advance 0:04:52.680 --> 0:04:56.080 semi conductor technology, whether it be from Nvidia or AMD 0:04:56.520 --> 0:05:00.240 or a whole set of other companies. We basically wide 0:05:00.360 --> 0:05:03.200 the world into a set of GPU haves and a 0:05:03.200 --> 0:05:06.640 bunch of GPU have nots. And essentially you really told 0:05:06.680 --> 0:05:10.160 our allies to go pound sand and last week's trip, 0:05:10.200 --> 0:05:15.239 which was historic, changed all that. And this deal, these 0:05:15.279 --> 0:05:18.279 deals that we struck in the Middle East, has three 0:05:18.440 --> 0:05:22.359 essential components which are very very important to understand. The 0:05:22.440 --> 0:05:26.160 first is they are America first in the sense that 0:05:26.360 --> 0:05:29.440 every one of these investments is going to have a 0:05:29.680 --> 0:05:34.800 matching investment in American data centers and American AI infrastructure 0:05:35.120 --> 0:05:39.840 right here in the United States. So if there's a 0:05:39.960 --> 0:05:43.120 UAE or any of the countries are building data center 0:05:43.200 --> 0:05:46.039 capacity over there, as a part of this framework, we 0:05:46.120 --> 0:05:49.400 are going to get equal to build out here in. 0:05:49.279 --> 0:05:50.000 The United States. 0:05:50.040 --> 0:05:52.000 And I think that is a very very critical piece 0:05:52.040 --> 0:05:55.479 of this in terms of how this deal is America first. 0:05:56.160 --> 0:06:01.520 Number two, these deals and these gbus are predominantly going 0:06:01.560 --> 0:06:05.359 to be run by American hyperscalers and American cloud service 0:06:05.360 --> 0:06:09.240 providers and American companies. So for our businesses, a lot 0:06:09.240 --> 0:06:12.600 of whom I'm probably watching the show right now. This 0:06:12.720 --> 0:06:17.440 represents a amazing expansion opportunity, a new channel, if you will, 0:06:17.640 --> 0:06:21.520 for a region which has obviously resource rich. 0:06:21.640 --> 0:06:22.520 So that's number two. 0:06:22.560 --> 0:06:25.240 A lot of these GPUs, most of these GPUs are 0:06:25.279 --> 0:06:29.800 going to be run, hosted, controlled by American companies. And 0:06:29.839 --> 0:06:31.839 the third part, and this is maybe the most important part, 0:06:31.839 --> 0:06:34.479 because I think Ian and you touchdown, is on security. 0:06:34.720 --> 0:06:38.960 So we took security incredibly seriously, and this agreement have 0:06:39.240 --> 0:06:42.480 two key security productions, which is about how do we 0:06:42.560 --> 0:06:46.680 stop the physical diversion of these GPUs to countries of concern? 0:06:47.000 --> 0:06:49.000 And two, how do we make sure there is no 0:06:49.200 --> 0:06:52.600 illegal or illicit remote access. So that's kind of the deal, 0:06:52.640 --> 0:06:54.880 and that's why it's historic and the reason why this 0:06:54.920 --> 0:06:56.880 is important, and again this is we're in a business show. 0:06:56.920 --> 0:06:59.640 This will make sense is what is the history of 0:06:59.680 --> 0:07:02.839 silicon value teach us? It teaches us that the companies 0:07:02.880 --> 0:07:06.320 which have the biggest ecosystem, the biggest network effect, they 0:07:06.360 --> 0:07:10.679 wind up winning and America AI Inc. Is no different. 0:07:10.960 --> 0:07:13.200 So would this piece of AI diplomacy. What we are 0:07:13.240 --> 0:07:18.280 doing is essentially locking in the American AI stack in 0:07:18.360 --> 0:07:19.920 the Middle East. And I think that's going to set 0:07:19.960 --> 0:07:21.800 us up for years and decades to come. 0:07:22.920 --> 0:07:26.800 Mister Krishtnan, what Jensen Huang is essentially calling for is 0:07:26.840 --> 0:07:32.360 to maximize speed up diffusion, and his argument is predicated 0:07:32.400 --> 0:07:34.960 on the idea that there's a lot of activity in China. 0:07:35.360 --> 0:07:37.880 He has consistently said, like more than fifty percent of 0:07:37.880 --> 0:07:41.280 the research or AI development is done there. What is 0:07:41.320 --> 0:07:44.680 your current thinking and what will you advise the president 0:07:44.840 --> 0:07:48.760 on either ending limits to China's ability to buy US 0:07:48.880 --> 0:07:50.880 chips or adjusting the current rules. 0:07:52.720 --> 0:07:55.640 Look, we obviously a huge aspect for Jensen. I was 0:07:55.680 --> 0:07:58.720 with him and several other founders and CEOs in the 0:07:58.760 --> 0:08:02.720 Middle East of last week. When it comes to I 0:08:02.720 --> 0:08:06.040 think it's important to make a distinction between advanced of 0:08:06.120 --> 0:08:09.800 my conductors being used inside China and everywhere else. When 0:08:09.800 --> 0:08:12.160 it comes to inside China, I do think there is 0:08:12.240 --> 0:08:18.120 still bipartisan and broad concern about what can happen to 0:08:18.160 --> 0:08:20.520 these GPUs when they are physically inside Because a lot 0:08:20.520 --> 0:08:22.760 of these are obviously dual use. They can be used 0:08:22.760 --> 0:08:25.720 for a broad range of applications, and we've tried to 0:08:25.800 --> 0:08:28.680 kind of thread the needle when it comes to export regulation. 0:08:29.240 --> 0:08:31.520 But one of things to point out is I think 0:08:31.640 --> 0:08:33.800 Jensen is right on a couple of these items. The 0:08:33.840 --> 0:08:37.760 first is our previous export controls have failed from the 0:08:37.760 --> 0:08:40.920 Biden regime, So if those export controls at work, we 0:08:40.920 --> 0:08:43.400 would not be looking at deep c coming out the 0:08:43.400 --> 0:08:47.160 first week of President Trump's being in office, which basically 0:08:47.240 --> 0:08:49.200 kind of skirted around a lot of our export controls. 0:08:49.240 --> 0:08:52.400 So the Biden regime did not enforces export controls correctly, 0:08:52.440 --> 0:08:54.920 and we are taking measures to stop that. But again 0:08:55.000 --> 0:08:58.640 it is important to distinguish between GPUs inside China to 0:08:58.720 --> 0:09:00.600 the rest of the world. When it comes to the 0:09:00.640 --> 0:09:04.200 rest of the world, we want American AI stack, starting 0:09:04.240 --> 0:09:07.680 from the GPUs to the models to everything on top. 0:09:08.040 --> 0:09:10.680 We want our companies a lot of them, obviously, you know, 0:09:11.000 --> 0:09:13.280 sitting very very close to where are now in Silicon Valley, 0:09:13.520 --> 0:09:15.800 to good diffuse around the world. And I think on 0:09:15.880 --> 0:09:19.680 that Jensen and I and US are in violent agreement. 0:09:20.880 --> 0:09:24.320 You raise an interesting point that many technologists saw, just 0:09:25.040 --> 0:09:28.520 technology company founders in the Bayer particularly make to me, 0:09:28.600 --> 0:09:31.679 which is why even bother with the infrastructure build out 0:09:31.679 --> 0:09:34.440 in the Middle East, why not retain the full stack 0:09:34.559 --> 0:09:38.280 and capacity here in America, both not just from a 0:09:38.320 --> 0:09:41.880 national security point of view, but just the market have 0:09:42.040 --> 0:09:45.480 all of the workload availability here on domestic soil. 0:09:47.280 --> 0:09:49.199 I'm happy you asked THATID because I saw this come 0:09:49.280 --> 0:09:50.880 up on X a couple of times saying here's what 0:09:50.880 --> 0:09:52.880 I would say. The first is going back to the 0:09:52.920 --> 0:09:55.520 first thing I said, as a part of these deals, 0:09:55.800 --> 0:09:58.920 every bit of investment that goes into the Middle East 0:09:58.960 --> 0:10:00.480 into infrastructure is. 0:10:00.360 --> 0:10:02.760 Going to be matched in the United States. 0:10:02.800 --> 0:10:05.120 So if we have a lead, we're going to continue 0:10:05.120 --> 0:10:07.440 having that lead, and we are going full throttle on 0:10:07.559 --> 0:10:10.680 build baby build, as what maybe the President would say 0:10:10.840 --> 0:10:14.319 in term making sure we have enough infrastructure and enough capacity. 0:10:14.640 --> 0:10:16.320 But the other hand, you have to think about the 0:10:16.360 --> 0:10:18.839 fact that these and other countries in the world are 0:10:18.840 --> 0:10:22.360 our allies. They are resource which they have ambitions, they 0:10:22.480 --> 0:10:25.400 want to use American tech. What do you think winds 0:10:25.440 --> 0:10:27.880 up happening if we basically say hey, we can't do 0:10:27.960 --> 0:10:29.880 business with you, go look elsewhere. 0:10:30.040 --> 0:10:31.400 They're going to go look elsewhere. 0:10:31.640 --> 0:10:34.480 We would much rather have them locked in to the 0:10:34.520 --> 0:10:37.920 American stack for years and dCas and what that would 0:10:37.960 --> 0:10:40.920 represent to the founders since us watching this is an opportunity, 0:10:40.920 --> 0:10:44.360 an opportunity for partnerships, an opportunity market expansion rather than 0:10:44.559 --> 0:10:47.520 a market which is locked to an adversary. 0:10:48.760 --> 0:10:51.480 An AI action plan is due in mid July. There 0:10:51.559 --> 0:10:54.640 is a new AI policy document. Could you give any 0:10:54.720 --> 0:10:57.360 preview for our audience of what you miss the sas 0:10:57.480 --> 0:11:01.040 the President will ask Congress to leg slate on in 0:11:01.080 --> 0:11:03.400 the field of AI and what policy is coming down 0:11:03.640 --> 0:11:04.120 the pipe. 0:11:04.360 --> 0:11:09.080 M Well, I know you had a White House Officer 0:11:09.160 --> 0:11:12.000 Science and Technology Policy Director, Michael Tratzios on the show 0:11:12.040 --> 0:11:15.520 who talked about this and him, you know, David Saxey, 0:11:15.559 --> 0:11:18.079 Izar and me and many others are working on this now. 0:11:18.160 --> 0:11:20.559 I don't want to sort of giveaway what is going 0:11:20.600 --> 0:11:23.800 to be announced in a month and a half, but it's. 0:11:25.200 --> 0:11:28.719 Please Ram. I would say a. 0:11:28.640 --> 0:11:31.160 Few things right, and I think Michael talked about promote 0:11:31.160 --> 0:11:33.640 and protect. I think here's what we would say. 0:11:33.920 --> 0:11:34.319 First. 0:11:34.600 --> 0:11:38.840 It's it's critical to have innovation and domination when it 0:11:38.880 --> 0:11:41.000 comes to this technology. And what we saw in the 0:11:41.000 --> 0:11:44.800 Biden regime was an incredibly complicated executive order, an incredibly 0:11:44.840 --> 0:11:49.400 complicated diffusion rule, a patchwork of state laws. We we 0:11:49.440 --> 0:11:52.320 need less of that. We need more of entrepreneurs like 0:11:52.360 --> 0:11:54.400 the ones who are on your show are watching now. 0:11:54.559 --> 0:11:56.720 We need we need them to go build right and 0:11:56.720 --> 0:11:58.560 that's what we need, and I think that's probably going 0:11:58.600 --> 0:12:01.880 to be a big theme. Second, build Baby built. We 0:12:01.920 --> 0:12:05.240 need infrastructure. We need to make sure we get a 0:12:05.440 --> 0:12:07.800 bureaucracy and red tape out of the way in making 0:12:07.880 --> 0:12:11.360 sure this infrastructure is built out as quickly as we can. 0:12:11.600 --> 0:12:14.640 And the third thing I would say is AI diplomacy. 0:12:15.240 --> 0:12:18.199 We need our allies with the resources who want to 0:12:18.240 --> 0:12:20.640 work with us. We want them to pick the American 0:12:20.720 --> 0:12:24.120 stack and not be frustrated and wait for somebody else 0:12:24.160 --> 0:12:26.800 to go build a competing solution. So I think those 0:12:26.840 --> 0:12:31.040 would be three kind of mini previews of what's going 0:12:31.040 --> 0:12:32.480 to be in the AI Action Plan. 0:12:33.080 --> 0:12:33.520 So realm. 0:12:33.559 --> 0:12:35.400 I think there's a lot of interest in your day 0:12:35.440 --> 0:12:38.079 to day work with the administration. There are a number 0:12:38.080 --> 0:12:41.040 of names from Silicon Valley, so to speak, you David Sachs, 0:12:41.440 --> 0:12:45.400 but also Elon Musk. Has Elon been engaged with you 0:12:45.600 --> 0:12:49.040 and had a seat at the table specifically with the 0:12:49.080 --> 0:12:53.079 President's considerations around AI. I asked, because yesterday I was 0:12:53.120 --> 0:12:56.400 at Dell Technologies World talking to them about the rapid 0:12:56.440 --> 0:13:00.360 buildout of Colossus in the XAI Data Center. I wonder 0:13:00.360 --> 0:13:02.880 how much influence he has on your thinking and on 0:13:02.920 --> 0:13:03.920 the President's thinking. 0:13:04.400 --> 0:13:07.839 Well, look, I mean Elon is a long term friend 0:13:07.960 --> 0:13:12.280 of mine, of David Sachs, of the President, and he's 0:13:12.320 --> 0:13:14.760 obviously one of the greatest entrepreneurs of our era, and 0:13:14.800 --> 0:13:17.040 if he's hanging around the White House, we would be 0:13:17.120 --> 0:13:20.080 stupid did not seek out his advice. So he you know, 0:13:20.200 --> 0:13:23.120 he's definitely had useful input. But at the end of 0:13:23.120 --> 0:13:26.240 the day, I think this comes from the President himself, 0:13:26.320 --> 0:13:28.880 you know, the first or the second day in office, 0:13:29.200 --> 0:13:32.240 his executive order said we need American AI dominance. And 0:13:32.280 --> 0:13:36.120 there's a lot of people from Michael Katia's, David Sachs, obviously, 0:13:36.400 --> 0:13:39.480 the Secretary of Commerce, Howard Lutnik, who was instrumental in 0:13:39.520 --> 0:13:42.239 seeing these deals happen, many many, many others. 0:13:42.000 --> 0:13:44.599 Who are all working towards this gold Syriam Krishna and 0:13:44.640 --> 0:13:47.040 the White House Senior Policy Advisor Forray, I thank you 0:13:47.160 --> 0:13:50.240 very much for joining us humbling big technology. Now coming out, 0:13:50.280 --> 0:13:53.760 President Trump fast tracks his Golden Dome defense plan. We're 0:13:53.800 --> 0:13:56.880 going to discuss that more and some breaking news. Bitcoin 0:13:57.000 --> 0:14:01.160 has hit a fresh record high, largely driven by optimism 0:14:01.520 --> 0:14:03.800 around coming US regulations. 0:14:03.960 --> 0:14:05.240 This is Bloomberg technology. 0:14:08.960 --> 0:14:12.000 President Trump has vowed that a new Golden Dome missile 0:14:12.000 --> 0:14:15.240 defense would be fully operational in three years time, saying 0:14:15.240 --> 0:14:17.680 it would be able to protect the US from ballistic, 0:14:17.960 --> 0:14:20.720 hypersonic and advanced cruise missiles. I want to bring in 0:14:20.720 --> 0:14:24.160 bloombergs Michael Shepherd in DC. Michael, what are the details 0:14:24.200 --> 0:14:25.400 of the president's pledge? 0:14:26.600 --> 0:14:29.520 Well, you know, actually the details were a little bit short. 0:14:29.600 --> 0:14:32.520 He did outline what he expected would be the cost 0:14:32.600 --> 0:14:35.960 for this system, which would be space based and designed 0:14:36.000 --> 0:14:39.360 to protect a huge area of the United States territory 0:14:39.360 --> 0:14:43.960 from Alaska to Florida to Hawaii from ballistic and hypersonic 0:14:44.040 --> 0:14:47.400 missile attacks. He gave that three year timeline that you outlined. 0:14:47.720 --> 0:14:50.880 Many believed that to be optimistic. His price tag for 0:14:50.960 --> 0:14:53.880 it is one hundred and seventy five billion dollars over 0:14:53.920 --> 0:14:56.920 the next several years. But the Congressional Budget Office has 0:14:56.960 --> 0:14:59.720 a different view on the cost. It sees it going 0:14:59.800 --> 0:15:02.840 up as much as five hundred and forty two billion 0:15:02.880 --> 0:15:06.120 dollars in taking as many as twenty years to deploy. 0:15:06.400 --> 0:15:08.760 And there are a lot of uncertainties about this technology 0:15:08.920 --> 0:15:12.280 ed including how it would get deployed, and who would 0:15:12.320 --> 0:15:15.160 be in the lead to do it. We see some 0:15:15.240 --> 0:15:18.040 of the biggest names that we know from American defense, 0:15:18.080 --> 0:15:21.880 including Raytheon and Lockheed Martin and EL three Harris getting 0:15:21.960 --> 0:15:24.200 name checked at the event yesterday at the White House 0:15:24.480 --> 0:15:27.680 where parts of this were unveiled together with Defense Secretary 0:15:27.680 --> 0:15:30.040 Pete Hegseth. But we also know that there are other 0:15:30.160 --> 0:15:32.800 startups that are trying to get involved in this as well, 0:15:32.960 --> 0:15:35.960 and of course there is Elon. Musk SpaceX is one 0:15:36.040 --> 0:15:39.040 of the top Pentagon contractors when it comes to defense 0:15:39.800 --> 0:15:43.680 satellites and launches of satellites, and they've also done a 0:15:43.960 --> 0:15:47.640 significant amount of work for the intelligence sector here in 0:15:47.840 --> 0:15:48.880 Washington as well. 0:15:49.280 --> 0:15:51.000 They would be a likely contender. 0:15:51.240 --> 0:15:53.720 But there's a lot that we don't know about this system, 0:15:53.800 --> 0:15:56.720 and the three year timeline, according to many experts, is 0:15:56.840 --> 0:16:00.640 really optimistic given the task that the President is outlining 0:16:00.720 --> 0:16:03.800 and the expectations he's putting on it. Remember, this is 0:16:03.920 --> 0:16:06.840 a campaign pledge that he made much in the same 0:16:06.880 --> 0:16:09.880 way that he is promising this big, beautiful tax cut 0:16:10.000 --> 0:16:14.280 for all those tariffs, and so this missile defense program 0:16:14.360 --> 0:16:16.520 is another pillar of what he had promised the. 0:16:16.560 --> 0:16:20.640 Voters Bloomberg's Michael Shepard, thank you very much. Staying in Washington, 0:16:20.800 --> 0:16:24.920 President Trump is meeting with South African leader similar Cyril Ramaposa, 0:16:25.160 --> 0:16:28.480 with Elon Musk also set to join. Bloomberg's reported that 0:16:28.560 --> 0:16:31.360 the South African government is set to offer Musk a 0:16:31.400 --> 0:16:35.440 workaround of black ownership laws, allowing his Starlink service to 0:16:35.480 --> 0:16:38.440 operate in the country. Musk has been a staunch critic 0:16:38.640 --> 0:16:42.280 of Ramaphosa's government and what he calls racist laws. Here's 0:16:42.280 --> 0:16:45.920 what must hold Bloomberg yesterday at the Katar Economic Forum. 0:16:46.360 --> 0:16:48.960 It's improper for the racist laws in South Africa. All 0:16:49.040 --> 0:16:52.320 races retweet it equally and there should be no preference 0:16:52.320 --> 0:16:55.120 given to one or the other. Whereas there are now 0:16:55.120 --> 0:16:57.320 one hundred and forty laws in South Africa that to give. 0:16:58.800 --> 0:16:59.760 That basically. 0:17:02.120 --> 0:17:05.040 Give strong preface to to if you're black South African 0:17:05.400 --> 0:17:08.480 and not otherwise. And so now I'm in the sobsid 0:17:08.560 --> 0:17:10.440 situation where I was born in South Africa but can't 0:17:10.440 --> 0:17:13.440 get a license to our greats in Starlink because I'm 0:17:13.440 --> 0:17:14.040 not black. 0:17:15.240 --> 0:17:17.680 From all, we joined by Bloomberg's Max Chafkin, a member 0:17:17.720 --> 0:17:18.520 of our Elon Inc. 0:17:18.560 --> 0:17:19.240 Team as well. 0:17:19.320 --> 0:17:22.520 And the crux of that that sound bite was a 0:17:22.600 --> 0:17:28.000 question about whether Trump's relationship with Musk opens doors for 0:17:28.080 --> 0:17:31.960 Starlink in certain jurisdictions because those countries want to get 0:17:31.960 --> 0:17:34.040 close to President Trump in this administration. 0:17:34.520 --> 0:17:34.800 Yeah. 0:17:34.840 --> 0:17:38.880 Absolutely, And look, there are reasons why South Africa might 0:17:39.080 --> 0:17:42.199 be willing to do this outside of the influence of 0:17:42.240 --> 0:17:44.760 Donald Trump and and perhaps an effort to you know, 0:17:44.920 --> 0:17:46.280 make make the White House happy. 0:17:46.960 --> 0:17:47.119 You know. 0:17:47.200 --> 0:17:50.800 Starlink of course offers a compelling service. You know, We've 0:17:50.800 --> 0:17:54.280 seen a lot of countries and people, especially if they 0:17:54.280 --> 0:17:55.760 can afford it, you know, embrace this. 0:17:56.200 --> 0:17:56.359 You know. 0:17:56.400 --> 0:17:59.560 On the other hand, this is clearly a case where 0:17:59.600 --> 0:18:03.280 Elon Musk is benefiting from his connections with the White House. 0:18:03.280 --> 0:18:06.200 We're seeing this not just in South Africa, but lots 0:18:06.200 --> 0:18:09.679 of countries over the last couple of months changing their 0:18:09.760 --> 0:18:13.879 rules essentially allowing this company to operate. You know, telecom 0:18:13.960 --> 0:18:17.280 satellite telecom in particular is a heavily regulated field, not 0:18:17.640 --> 0:18:19.679 just in South Africa but around the world. 0:18:19.840 --> 0:18:22.159 So this is part of a larger pattern. 0:18:22.200 --> 0:18:25.960 I would say, Musk borne in pretorious South Africa. This 0:18:26.119 --> 0:18:28.960 is just one case study, right, Elon Musk has met 0:18:29.000 --> 0:18:32.560 with several heads of state, either directly because he's with 0:18:32.640 --> 0:18:36.400 Trump in person or all on the president's behalf since 0:18:36.440 --> 0:18:37.440 Trump took office. 0:18:37.640 --> 0:18:40.600 Yeah, and what's interesting about this meeting today, I mean, 0:18:40.640 --> 0:18:43.280 you know, besides the dynamic with Musk as a critic, 0:18:43.680 --> 0:18:46.440 is just that you know, Musk has said in various ways, 0:18:46.480 --> 0:18:48.720 I'm backing away from the White House. You know, he 0:18:48.760 --> 0:18:51.119 said he's spending less time there, he's maybe going to 0:18:51.200 --> 0:18:53.760 donate less money, at least accordinator his comments yesterday. On 0:18:53.800 --> 0:18:56.359 the other hand, here he is at the White House 0:18:56.520 --> 0:18:58.760 with Donald Trump. Also yesterday he said he was going 0:18:58.800 --> 0:19:00.760 to spend two days this week I think mentioned a 0:19:00.840 --> 0:19:03.680 cabinet meeting as well. So you know, on one hand, 0:19:03.720 --> 0:19:06.720 he may be making noises about backing away, but it 0:19:06.840 --> 0:19:09.080 sure doesn't seem like he's doing a ton of. 0:19:09.040 --> 0:19:12.640 That right now. Bloomberg's Max Chafkin, thank you very much. 0:19:21.160 --> 0:19:25.200 Google is rolling out its experimental AI agent project Mariner 0:19:25.359 --> 0:19:28.760 two subscribers in the United States. The research prototype can 0:19:28.800 --> 0:19:30.440 browse the Internet and use websites. 0:19:30.440 --> 0:19:32.440 Bloomberg' Jackie Davilas heard. 0:19:32.240 --> 0:19:35.399 More about it from Jacqueline Conslman, the director of product 0:19:35.440 --> 0:19:36.440 management at Google. 0:19:36.520 --> 0:19:36.760 Lab. 0:19:37.400 --> 0:19:41.320 Project Mariner is a research prototype that's exploring the future 0:19:41.359 --> 0:19:44.800 of human agent interactions starting with browsers. And what we 0:19:44.880 --> 0:19:47.679 launched today was a web app that allows anybody to 0:19:47.760 --> 0:19:50.160 give Project Mariner a task and it will be able 0:19:50.200 --> 0:19:52.800 to go and navigate across the Internet to complete it. 0:19:53.119 --> 0:19:55.800 And the specific version that we launch today can also 0:19:55.840 --> 0:19:57.760 handle up to ten tasks that it can do at 0:19:57.800 --> 0:20:00.719 the same time, allowing people to really try to multitask. 0:20:01.640 --> 0:20:05.119 Agents are really kind of the next frontier of AI. 0:20:05.320 --> 0:20:06.720 We talk a lot about. 0:20:06.400 --> 0:20:10.560 How artificial intelligence can boost productivity, and agents seem to 0:20:10.600 --> 0:20:13.359 be really at the forefront of that. But I'm curious 0:20:13.400 --> 0:20:17.720 about how this moves from the innovation lab to prime time, 0:20:17.880 --> 0:20:20.879 especially because if you're asking in AI to do something, 0:20:20.920 --> 0:20:22.440 you really want to make sure it gets it right. 0:20:23.160 --> 0:20:25.320 Absolutely, So I think that that's part of the power 0:20:25.359 --> 0:20:29.680 of launching Project Mariner as this you know, research prototype, 0:20:29.720 --> 0:20:32.760 as an experiment. Right now, we are putting users at 0:20:32.760 --> 0:20:35.600 the forefront of being able to try this out firsthand. 0:20:36.240 --> 0:20:40.719 We are pairing nicely the ability for Project Mariner to multitask, 0:20:40.920 --> 0:20:43.399 but also a user at any time can watch everything 0:20:43.440 --> 0:20:44.040 that it's doing. 0:20:44.080 --> 0:20:45.680 It'll get a live view of. 0:20:45.600 --> 0:20:47.879 The task as it's happening, and a user can take 0:20:47.920 --> 0:20:50.360 over the task at any time. They can also pause 0:20:50.480 --> 0:20:52.679 the agent from doing the task and resume it at 0:20:52.720 --> 0:20:55.159 a later point in time, or they could choose to 0:20:55.320 --> 0:20:58.080 trust Project Mariner if they're giving it something that's you know, 0:20:58.119 --> 0:21:00.280 a simpler task, and go back to whatever it is 0:21:00.280 --> 0:21:02.960