1
00:00:01,000 --> 00:00:03,840
Speaker 1: News when you want it. With Bloomberg News Now. I'm

2
00:00:03,840 --> 00:00:07,120
Speaker 1: Brian Curtis in Hong Kong. The former US ambassadors who

3
00:00:07,200 --> 00:00:11,639
Speaker 1: Israel is criticizing President Biden's decision to withhold weapons from Israel.

4
00:00:12,160 --> 00:00:16,560
Speaker 1: Former Ambassador David Friedman says the decision strengthens some as what.

5
00:00:16,600 --> 00:00:19,640
Speaker 2: Biden is signaling to Akamas is that they're not going

6
00:00:19,640 --> 00:00:21,160
Speaker 2: to get hit. They have nothing to worry about. They

7
00:00:21,160 --> 00:00:24,200
Speaker 2: have no incentive there free any hostages. He has diminished

8
00:00:24,200 --> 00:00:27,480
Speaker 2: not just Israel's ability of self defense, but the ability

9
00:00:27,480 --> 00:00:29,600
Speaker 2: of the United States to have credibility anywhere in the

10
00:00:29,600 --> 00:00:32,960
Speaker 2: world based upon the way he handled himself here David Friedman.

11
00:00:33,520 --> 00:00:37,400
Speaker 1: Israeli Prime Minister Benjamin Netanyahu struck a defiant tone against

12
00:00:37,479 --> 00:00:41,159
Speaker 1: the decision. Netanyahu said Israel will stand alone if it

13
00:00:41,240 --> 00:00:44,960
Speaker 1: needs to, and pledged to continue fighting tooth and nail.

14
00:00:45,600 --> 00:00:48,640
Speaker 1: Biden said that he would halt shipments of offensive weapons

15
00:00:48,680 --> 00:00:51,520
Speaker 1: to Israel if it were to launch a ground invasion

16
00:00:51,560 --> 00:00:55,840
Speaker 1: of Rapha. Ukraine is set to receive US made rocket

17
00:00:55,880 --> 00:00:59,880
Speaker 1: systems paid for by Germany. Bloomberg Zed Baxter has the story.

18
00:01:00,400 --> 00:01:04,280
Speaker 3: These are Heimaar's mobile rocket systems from US stocks They've

19
00:01:04,319 --> 00:01:07,360
Speaker 3: proven to be very effective, disrupting Russian supply routes and

20
00:01:07,400 --> 00:01:10,240
Speaker 3: ammunition dumps far behind enemy lines.

21
00:01:10,600 --> 00:01:10,759
Speaker 4: Now.

22
00:01:10,800 --> 00:01:13,760
Speaker 3: The plan was first discussed during the Extended Way for Aid.

23
00:01:13,920 --> 00:01:18,080
Speaker 3: As US Congress didn't or couldn't act, Germany is set

24
00:01:18,120 --> 00:01:20,760
Speaker 3: to spend the most on defense since the post Nazi

25
00:01:20,880 --> 00:01:24,920
Speaker 3: armed forces were established after World War II. The statements

26
00:01:24,959 --> 00:01:28,240
Speaker 3: from Germany say that they cannot simply stand by and

27
00:01:28,440 --> 00:01:33,280
Speaker 3: watch and wait as international law, global order, and values

28
00:01:33,360 --> 00:01:36,440
Speaker 3: are being destroyed. At Baxter Bloomberg.

29
00:01:36,040 --> 00:01:39,240
Speaker 1: Radio, the SEC is launching a new probe into Boeing.

30
00:01:39,520 --> 00:01:42,920
Speaker 1: The regulator is investigating claims made by Boeing about its

31
00:01:42,920 --> 00:01:46,560
Speaker 1: safety practices. This was after a door panel blowout on

32
00:01:46,600 --> 00:01:50,120
Speaker 1: an Alaska Airline's jet back in January. The story from

33
00:01:50,120 --> 00:01:51,400
Speaker 1: Bloomberg's Charlie Pellett.

34
00:01:51,480 --> 00:01:54,920
Speaker 5: Sources say the SEC investigation is focused on whether comments

35
00:01:54,960 --> 00:01:59,320
Speaker 5: by the company or its executives misled investors in violation

36
00:01:59,600 --> 00:02:02,600
Speaker 5: of the War Wall Street regulators rules. The probe is

37
00:02:02,680 --> 00:02:06,480
Speaker 5: examining statements before and after a panel blew off during

38
00:02:06,480 --> 00:02:10,640
Speaker 5: an Alaska Airline's flight shortly after takeoff on January fifth,

39
00:02:10,760 --> 00:02:13,120
Speaker 5: leaving a gaping hole in the side of the plane.

40
00:02:13,600 --> 00:02:17,640
Speaker 5: SEC reviews don't always lead to enforcement actions by the regulator,

41
00:02:17,840 --> 00:02:20,600
Speaker 5: but they can lead to fines for companies or corporate

42
00:02:20,680 --> 00:02:24,200
Speaker 5: officials in New York Charlie Pellett Bloomberg Radio.

43
00:02:24,240 --> 00:02:27,799
Speaker 1: The probe adds to legal headaches for Boeing. Boeing stock

44
00:02:27,880 --> 00:02:30,360
Speaker 1: has lost about a third of its value in twenty

45
00:02:30,400 --> 00:02:34,000
Speaker 1: twenty four. Shares of Boeing were essentially flat for the day.

46
00:02:34,760 --> 00:02:37,880
Speaker 1: Apple will deliver some of its upcoming AI features this

47
00:02:38,000 --> 00:02:41,799
Speaker 1: year via data centers. The data centers equipped with Apple's

48
00:02:41,840 --> 00:02:44,680
Speaker 1: own in house processors. The move is part of an

49
00:02:44,720 --> 00:02:48,919
Speaker 1: effort to infuse its devices with AI capabilities. Bloomberg's Mark

50
00:02:48,960 --> 00:02:50,560
Speaker 1: German has more and so what.

51
00:02:50,520 --> 00:02:53,080
Speaker 4: Apple's done is they outfitted some of their data centers

52
00:02:53,120 --> 00:02:56,400
Speaker 4: with M two ultras. That's currently their highest end processors

53
00:02:56,639 --> 00:03:00,400
Speaker 4: with the biggest AI capabilities and processing horsepower. And so

54
00:03:00,480 --> 00:03:03,840
Speaker 4: the more advanced features like summarizing a lot of text,

55
00:03:04,120 --> 00:03:06,960
Speaker 4: image and text generation, those are going to rely on

56
00:03:07,000 --> 00:03:10,520
Speaker 4: the data centers, whereas simpler tasks are going to involve

57
00:03:11,400 --> 00:03:13,160
Speaker 4: running directly on the phone themselves.

58
00:03:13,360 --> 00:03:16,400
Speaker 1: Apple is expected to lay out an ambitious strategy on

59
00:03:16,520 --> 00:03:19,799
Speaker 1: AI at its Worldwide Developers Conference it's coming up on

60
00:03:19,919 --> 00:03:24,520
Speaker 1: June tenth. Reddit has released new policies governing data and

61
00:03:24,720 --> 00:03:28,240
Speaker 1: content posted on the social network. The company is looking

62
00:03:28,280 --> 00:03:32,400
Speaker 1: to increase revenue through licensing agreements, such as it's sixty

63
00:03:32,440 --> 00:03:35,960
Speaker 1: million dollar deal with alphabets Google. That deal is to

64
00:03:36,000 --> 00:03:39,440
Speaker 1: help train large language models. We heard from Reddit CEO

65
00:03:39,560 --> 00:03:41,160
Speaker 1: Steve Huffman, You've got to be.

66
00:03:41,200 --> 00:03:43,160
Speaker 6: Very picky about who we work with, and we're going

67
00:03:43,200 --> 00:03:46,320
Speaker 6: to work with partners like Google who will do so

68
00:03:46,400 --> 00:03:49,640
Speaker 6: on our terms, right, not reverse engineer the identity of

69
00:03:49,640 --> 00:03:53,240
Speaker 6: our users, not try to use public content Reddit to

70
00:03:53,280 --> 00:03:56,040
Speaker 6: target ads or things like that, but really use it

71
00:03:56,040 --> 00:03:58,400
Speaker 6: for what it's attended for. It's just advancing the state

72
00:03:58,400 --> 00:04:01,200
Speaker 6: of the art and helping people find their home on redicke.

73
00:04:01,240 --> 00:04:04,520
Speaker 1: Huffman, speaking at the Bloomberg Tech Summit in San Francisco,

74
00:04:05,080 --> 00:04:08,720
Speaker 1: Reddit's chief legal officer Ben Lee, said it was important

75
00:04:08,720 --> 00:04:11,680
Speaker 1: to set out the guidelines to clarify how user data

76
00:04:11,720 --> 00:04:15,080
Speaker 1: would be processed. Shares of Reddit traded down two and

77
00:04:15,080 --> 00:04:18,440
Speaker 1: a half percent. That's news when you want it. With

78
00:04:18,520 --> 00:04:21,839
Speaker 1: Bloomberg News now, I'm Brian Curtis. This is Bloomberg