WEBVTT - Amazon Debuts New AI Chips and Models at AWS 0:00:02.520 --> 0:00:13.360 Bloomberg Audio Studios, podcasts, radio news. Bloomberg Tech is alive 0:00:13.440 --> 0:00:17.239 from coast to coast with Caroline Hyde in New York 0:00:17.520 --> 0:00:19.520 and Eva though in San Francisco. 0:00:21.600 --> 0:00:24.320 This is Bloomberg Tech coming up. We go to AWS 0:00:24.400 --> 0:00:27.600 we Invent in Las Vegas to discuss the cloud companies, 0:00:27.640 --> 0:00:31.480 new chips, new models, and new AI agents. Becaus Michael 0:00:31.520 --> 0:00:35.280 Dell donates an unprecedented six billion dollars aimed at jump 0:00:35.280 --> 0:00:38.760 starting the investment accounts for twenty five million children in America, 0:00:39.440 --> 0:00:42.040 and Warner Brothers Discovery receives a new round of bids, 0:00:42.280 --> 0:00:45.960 with Netflix flashing mostly cash for its offer. We'll have 0:00:46.040 --> 0:00:48.400 the details, but first let's check in on these markets 0:00:48.640 --> 0:00:50.519 which are flashing green. We actually have a bit of 0:00:50.520 --> 0:00:52.960 a reprieve after yesterday's sell off. We're back into risk 0:00:53.080 --> 0:00:56.040 on mode tentatively. So across the benchmarks, we're looking at 0:00:56.080 --> 0:00:58.800 the NaSTA one hundred nineteen percent of course in video 0:00:58.880 --> 0:01:01.120 leading then in terms of points, but all of some 0:01:01.160 --> 0:01:02.640 of the mag seven really dominating. 0:01:02.680 --> 0:01:03.160 On the day. 0:01:03.400 --> 0:01:05.959 You're looking at bitcoin, even getting a bit yesterday it 0:01:06.040 --> 0:01:09.400 was woeful. Today we find some sort of stability where 0:01:09.440 --> 0:01:12.360 up more than five percent in fact, largely Crypto is 0:01:12.400 --> 0:01:14.480 in the green. We also turn our attention to some 0:01:14.520 --> 0:01:15.959 of the key mags seven that we want to look 0:01:15.959 --> 0:01:18.280 at in terms of their own events, their own announcements. 0:01:18.520 --> 0:01:20.479 And I'm looking at what's happening with Amazon. We're currently 0:01:20.480 --> 0:01:23.240 training up one point three percent. We're getting a little 0:01:23.280 --> 0:01:25.560 nudge higher on some new news coming out about its 0:01:25.600 --> 0:01:28.840 own large language models, about updates of course to its 0:01:28.840 --> 0:01:32.560 own AI agentic focus. And key has got to be 0:01:32.959 --> 0:01:35.039 Trainium three all about its chips. 0:01:35.120 --> 0:01:36.720 Let's get straight over to Ed Ludlow. 0:01:36.760 --> 0:01:39.240 You're in Las Vegas at the reinvent event. 0:01:41.959 --> 0:01:44.319 Yeah, it's probably the Trainium three headlines that move the 0:01:44.360 --> 0:01:47.720 needle right. This is a push forward acceleration of bringing 0:01:48.040 --> 0:01:52.480 the latest generation accelerator to market called Trainium, but useful 0:01:52.480 --> 0:01:55.720 in both the training and inference use case, and much 0:01:55.720 --> 0:01:59.360 as Amazon has done in prygation generations of Trainium, it's 0:01:59.400 --> 0:02:02.840 talking out the cost and performance metrics of it four 0:02:03.000 --> 0:02:06.280 x the prior generation. On price performance, it was interesting 0:02:06.280 --> 0:02:07.600 when the headline's hit, I mean, we're at one and 0:02:07.600 --> 0:02:11.120 a half percent on Amazon, a small move lower or 0:02:11.160 --> 0:02:14.120 pairing some of the gain on both Google and Nvidia. 0:02:14.200 --> 0:02:16.760 And this is the story right. You know, Amazon wants 0:02:16.800 --> 0:02:22.320 to expand the use of Trainium servers beyond one core customer, 0:02:22.320 --> 0:02:25.440 which is anthropic, and they're giving evidence in this release. 0:02:25.520 --> 0:02:26.840 We'll get to it later in the day when we 0:02:26.840 --> 0:02:31.120 speak to Matt Garmon in particular of the savings that 0:02:31.160 --> 0:02:33.600 those customers are made using it while also making sure 0:02:33.639 --> 0:02:36.640 they have capacity that is based in video GPUs and 0:02:36.720 --> 0:02:40.080 of course the open aideal, the AWS has thirty eight 0:02:40.120 --> 0:02:43.160 billion dollars of it is predicated on availability of Nvidia. 0:02:43.200 --> 0:02:46.280 I mean the eye the focus must be so trained 0:02:46.440 --> 0:02:50.960 on what's just been seemingly a positive thrust for Google 0:02:51.200 --> 0:02:53.520 when it all comes down to its own chips right now. 0:02:56.200 --> 0:02:58.680 Yeah, in recent weeks and months when there have been 0:02:58.760 --> 0:03:03.360 reports about Google TPU and the idea that Google Cloud 0:03:03.600 --> 0:03:06.640 will have a big third party use it, it's moved 0:03:06.919 --> 0:03:11.920 the needle on those shares. What universally right now, the 0:03:12.000 --> 0:03:16.200 hyperscalers are experience the supply constraints right comply supply constraints 0:03:16.240 --> 0:03:18.840 where they're basically saying, this is out there in the 0:03:18.800 --> 0:03:20.679 real on Trainium three. It is out there in the 0:03:20.760 --> 0:03:23.519 real world. By the way, general availability from today and 0:03:23.560 --> 0:03:26.320 they've also talked about the pipeline through the Trainium four. 0:03:26.320 --> 0:03:29.600 But you're right, it's all about TPU, it's all about chips. 0:03:29.600 --> 0:03:31.959 It's also about their own innovations when it comes to 0:03:32.040 --> 0:03:34.400 large language models lest we forget. Yes, they've got an 0:03:34.400 --> 0:03:37.520 integration of open AI and anthropic Claude, but they've also 0:03:37.600 --> 0:03:39.440 been movieving the needle on over two. 0:03:42.120 --> 0:03:46.080 Yeah, an over two and updated year on version of 0:03:46.120 --> 0:03:49.880 its first kind of in house foundation model, a variant 0:03:49.880 --> 0:03:53.280 of which OMNI can take inputs MTI model inputs of text, video, 0:03:53.320 --> 0:03:56.440 image responding kind. But that's going to be the question 0:03:56.480 --> 0:03:59.240 the story today. You know, AWS is number one in 0:03:59.240 --> 0:04:03.560 cloud and cloud computing through scale, through leveraging infrastructure, but 0:04:03.600 --> 0:04:05.880 when does it become number one in AI? You know, 0:04:05.960 --> 0:04:08.440 not just being a place that hosts others models, but 0:04:08.560 --> 0:04:11.640 has evidence that its own foundation model is resulting in 0:04:11.720 --> 0:04:15.520 something tangibly useful, particularly for enterprise customers. And I'm pretty 0:04:15.520 --> 0:04:17.480 sure that that's what those that have joined the show 0:04:17.480 --> 0:04:18.360 today want to talk about. 0:04:18.600 --> 0:04:21.559 Yeah, we've got so many conversations come up in this show, 0:04:21.800 --> 0:04:24.080 but you've got to be sticking around because we thank you, ed. 0:04:24.200 --> 0:04:27.360 We're coming back to you because Throughout the show we'll 0:04:27.360 --> 0:04:29.320 have interviews, but at the end we'll have a sit 0:04:29.360 --> 0:04:34.360 down interview with AWSCO Matt Garmon at three pm Eastern time. Meanwhile, look, 0:04:34.360 --> 0:04:36.360 this is all a story of infrastructure, about big tech 0:04:36.400 --> 0:04:39.560 companies such as Amazon, but also Alphabet, Meta and Microsoft 0:04:39.880 --> 0:04:44.320 spending heavily on AI with expected capital expenditure forever three 0:04:44.400 --> 0:04:47.520 round eighty billion dollars combined in their current fiscal years. Now, 0:04:47.520 --> 0:04:50.799 that's going against big tech's mantra for the past two decades. 0:04:50.839 --> 0:04:51.440 Let's call it. 0:04:51.720 --> 0:04:54.599 We are just more about delivering growth while keeping really 0:04:54.680 --> 0:04:55.800 tight little spending. 0:04:56.120 --> 0:04:57.080 It's a real flip reverse. 0:04:57.120 --> 0:04:59.839 Let's talk about Oblimbug's tech equity reporter Carmen ryani Key, 0:05:00.080 --> 0:05:03.880 and you've all been assessing how investor is tight. The 0:05:03.920 --> 0:05:06.240 sudden wild capital expenditure. 0:05:06.600 --> 0:05:08.919 Yeah, I mean, it has been the talking point and 0:05:08.920 --> 0:05:11.280 the thing that we've been focusing on the most with 0:05:11.320 --> 0:05:13.719 some of these big companies, and as you said, it 0:05:13.839 --> 0:05:17.039 really represents a change from how they've operated over the 0:05:17.080 --> 0:05:20.720 last two decades. They really had very capital light businesses 0:05:20.720 --> 0:05:24.520 and were able to be very profitable, grow exponentially in 0:05:24.560 --> 0:05:27.360 some ways because of that, and so now having this shift. 0:05:27.440 --> 0:05:30.600 We're seeing investors rewarded on summons and then really punish 0:05:30.600 --> 0:05:33.520 it on others. So, you know, Microsoft, we saw you 0:05:33.880 --> 0:05:36.560 jump after its latest starting support, but Meta sort of 0:05:36.600 --> 0:05:40.120 got hit because Zuckerberg, you know, didn't explain enough about 0:05:40.120 --> 0:05:42.640 the return on investment of this spending. The other thing 0:05:42.680 --> 0:05:45.640 that's interesting is that this capital expenditures is a portion 0:05:45.720 --> 0:05:48.560 of revenue have jumped, which to a level that's not 0:05:48.680 --> 0:05:52.520 normal for tech companies. So for Microsoft, it's capital expenditures 0:05:52.520 --> 0:05:55.440 are now twenty percent of its revenue. And in addition, 0:05:55.560 --> 0:05:58.840 you know, Alphabet and Amazon, these spending to sales ratios 0:05:58.880 --> 0:06:00.800 are some of the high in the market. 0:06:01.240 --> 0:06:05.680 Okay, so we now have to perhaps digest a period 0:06:05.720 --> 0:06:08.840 of higher capital expenditure. Were meanwhile worrying about some of 0:06:08.880 --> 0:06:10.800 the financing that goes on within it, some of the 0:06:10.800 --> 0:06:14.040 circular financing that's been the narrative. But today the market jumps. 0:06:14.640 --> 0:06:16.719 Why what are you hearing from the investors you're talking to? 0:06:16.960 --> 0:06:19.799 Yeah, I mean, I think that last week was very interesting. 0:06:19.800 --> 0:06:21.720 I think we're seeing a little bit of buying, some 0:06:21.800 --> 0:06:25.640 more optimism and enthusiasm coming back into the market. There's 0:06:25.640 --> 0:06:28.520 a lot you know, in videos CFO was speaking this morning. 0:06:28.560 --> 0:06:31.040 There's a there's just a lot of tech news sort 0:06:31.040 --> 0:06:32.880 of coming back into the market that people are getting 0:06:32.880 --> 0:06:33.640 excited about. 0:06:34.200 --> 0:06:35.360 Well, i'll see if it holds. 0:06:35.560 --> 0:06:38.279 Santa rally upon us potentially come and Ranicky, We so 0:06:38.360 --> 0:06:41.679 appreciate your time. Let's talk about the crypto markets, because 0:06:41.720 --> 0:06:44.479 they too are recovering today off that a heavy sell 0:06:44.560 --> 0:06:47.320 of yesterday when bitcoin still as much as eight percent. 0:06:47.839 --> 0:06:49.800 Let's take a look at strategy as well. The artist 0:06:49.880 --> 0:06:54.359 formerly known as MicroStrategy, heavy investor in bitcoin gaining some 0:06:54.480 --> 0:06:57.359 support after scrambling to calm its own investors, creating a 0:06:57.440 --> 0:07:00.159 one point four billion dollar reserve to fund dividend and 0:07:00.240 --> 0:07:04.440 interest payments rather than having to potentially sell bitcoin as 0:07:04.480 --> 0:07:07.159 a last resort. And if I've seen a digital finance editor, 0:07:07.200 --> 0:07:10.400 Anna Erera is joining us. What's more from London? Anna, 0:07:11.080 --> 0:07:12.400 why today the did buying. 0:07:14.760 --> 0:07:17.400 It's hard to know with crypto, as I'm sure you're 0:07:17.400 --> 0:07:19.520 aware of, and it's crazy to think that yesterday we 0:07:19.520 --> 0:07:21.920 were down eight percent and thinking of all the macro 0:07:22.680 --> 0:07:25.080 condition that might have been leading to that drop. So 0:07:25.400 --> 0:07:28.400 you know, we were speaking to traders today and investors, 0:07:28.440 --> 0:07:30.840 and it seemed that although the price is up, the 0:07:30.920 --> 0:07:34.480 sentiment is still a bit cautious, and volumes aren't as 0:07:34.560 --> 0:07:37.880 up as they were before. I think people are sort 0:07:37.920 --> 0:07:41.160 of assessing that crypto in reality has been on a 0:07:41.240 --> 0:07:45.320 downward spiral of bit since October twelfth, the eleventh, when 0:07:45.320 --> 0:07:47.880 the price crashed, And so while today we're a bit up, 0:07:47.960 --> 0:07:51.360 in reality, you know, we're still pretty lower than we 0:07:51.360 --> 0:07:54.680 were around a month ago when bitcoin reached its record highs. 0:07:54.760 --> 0:07:57.280 I mean, negative bitcoin funding rate is still an anxiety, 0:07:57.320 --> 0:07:59.840 extreme fear levels with coin market caps, fear and greed. 0:08:00.280 --> 0:08:04.240 There's still a lot of comfort needed to an investor 0:08:04.240 --> 0:08:06.880 base that's been beaten up, particularly the retail trade who 0:08:06.840 --> 0:08:09.400 have tried to gain exposure not just by owning crypto, 0:08:09.680 --> 0:08:12.920 but by owning crypto related assets such as what leveraged 0:08:13.720 --> 0:08:16.560 bets on MicroStrategy now called Strategy and it talked to 0:08:16.640 --> 0:08:18.960 us about how much retail of hurt here as well 0:08:18.960 --> 0:08:19.800 as institutional. 0:08:20.840 --> 0:08:23.280 Yes, obviously we know that people were trying to retail 0:08:23.280 --> 0:08:25.720 investor are trying to get exposure into bitcoin and crypto 0:08:25.800 --> 0:08:29.800 through buying ETFs. Thatt, we're supposed to strategy or strategy 0:08:29.840 --> 0:08:34.080 stock itself, and that's fallen dramatically over the past year, 0:08:34.200 --> 0:08:36.079 and so you know they've been hurting. But at the 0:08:36.120 --> 0:08:37.640 same time we've been trying to wait to see if 0:08:37.640 --> 0:08:39.800 more institutional buyers will come in and offset that. But 0:08:39.840 --> 0:08:41.600 it seems to be from what we're hearing, a sort 0:08:41.600 --> 0:08:45.120 of weight and see mode, partly waiting until the FED 0:08:45.120 --> 0:08:46.719 decision next week. So it's kind of in a way, 0:08:46.800 --> 0:08:49.000 same old with crypto. One day it goes ninety percent, 0:08:49.040 --> 0:08:51.280 the next thaying it's a five percent. The asset class 0:08:51.280 --> 0:08:53.600 seems to be maturing and there's more ways to invest 0:08:53.600 --> 0:08:56.160 in it, but maybe not much has changed. 0:08:56.520 --> 0:08:57.400 In Bergana or Era. 0:08:57.720 --> 0:08:59.400 Always great to have you, Thank you very much, and 0:08:59.440 --> 0:09:02.120 stay Withloomberg because there's a conversation coming up you won't 0:09:02.120 --> 0:09:05.040 want to miss if you're in crypto Fondly Strategy President 0:09:05.160 --> 0:09:08.360 CEO coming up in the next hour on Bloomberg Crypto. 0:09:08.679 --> 0:09:12.880 Elsewhere in that ecosystem, not all is gaining support. We're 0:09:12.920 --> 0:09:16.480 watching shares of American Bitcoin Corp. Look at that forty 0:09:16.480 --> 0:09:18.920 four percent at one point down fifty percent. A bitcoin 0:09:19.000 --> 0:09:21.280 minor which counts Eric Trump as a co founder and 0:09:21.400 --> 0:09:26.920 chief strategy officer, seeing multiple trading halts amid the volatility 0:09:27.320 --> 0:09:30.200 now coming up, we'll be joined by Colleen Aubrey, Senior 0:09:30.200 --> 0:09:33.319 and Vice President of Applied AI Solutions over at AWS. 0:09:33.400 --> 0:09:36.079 We are live from the Companies we Invent conference in 0:09:36.160 --> 0:09:36.760 Las Vegas. 0:09:37.160 --> 0:09:38.120 This is Bloomberg Tech. 0:09:53.240 --> 0:09:55.320 Good morning from Las Vegas. So let's talk about some 0:09:55.320 --> 0:09:58.520 of the announcements out from AWS. Colleen Aubrey is Senior 0:09:58.600 --> 0:10:03.000 vice president of AWS, Applied AI Solutions and clean You 0:10:03.120 --> 0:10:06.360 basically work with the full spectrum of the smallest startups 0:10:06.600 --> 0:10:09.080 to the biggest enterprise customers that AWS has and the 0:10:09.120 --> 0:10:11.960 public sector, and it's distilling it as far down as 0:10:11.960 --> 0:10:14.840 I can. You basically help them to take technology and 0:10:14.960 --> 0:10:17.040 innovate make whatever they do better. 0:10:17.280 --> 0:10:20.679 Yeah, the mission I'm on is really to put AI 0:10:20.800 --> 0:10:22.800 into the hands of the business on a day to 0:10:22.880 --> 0:10:25.319 day basis and really make it work for their business 0:10:25.360 --> 0:10:28.840 in production every day, helping them to deliver better experiences 0:10:28.880 --> 0:10:29.600 to their customers. 0:10:29.640 --> 0:10:34.040 We have a new generation of AWS Silicon and server design, 0:10:34.559 --> 0:10:37.400 We have a new generation of Nova model, and we 0:10:37.440 --> 0:10:40.319 have frontier agents. Right and I think you probably heard 0:10:40.640 --> 0:10:42.640 me at the top of the show, but I think 0:10:42.800 --> 0:10:46.400 the big question about AWS Reinvent is what is it 0:10:46.480 --> 0:10:50.719 in this year's offering that takes aws beyond being the 0:10:50.800 --> 0:10:54.200 sort of number one cloud computing platform for capacity to 0:10:54.640 --> 0:10:59.200 giving something tangible, useful that can improve a company's own technology. 0:10:59.280 --> 0:11:03.040 Yeah, two areas that I'd like to talk about specifically 0:11:03.880 --> 0:11:06.319 for me personally, one of my products is Amazon Connect 0:11:06.920 --> 0:11:10.520 and this started as a contact center application, but today 0:11:10.520 --> 0:11:12.600 you know, I see it really as an agentic product 0:11:12.640 --> 0:11:15.000 that's actually looking at whole customer experience. And so for me, 0:11:15.080 --> 0:11:18.960 this is where we're putting our infrastructure, our silicon, our models, 0:11:19.160 --> 0:11:21.560 and now today like bringing that all together in a 0:11:21.600 --> 0:11:24.320 product that can work for businesses. So we launched twenty 0:11:24.400 --> 0:11:27.120 nine new features on Sunday we announced that, and I 0:11:27.120 --> 0:11:30.240 would say there's four key gentic capabilities that come with that. 0:11:30.600 --> 0:11:34.200 The first is actually AI Voice and allowing customers to 0:11:34.240 --> 0:11:37.720 interact in a very natural way using Novasonic and having 0:11:37.800 --> 0:11:40.880 agents actually resolve issues for them on the behalf in 0:11:40.920 --> 0:11:43.960 the background. The second is actually putting AI to work 0:11:44.000 --> 0:11:47.480 as a teammate next to customer service representatives, helping them 0:11:47.480 --> 0:11:50.800 to actually get tasked on complete the paperwork the processes, 0:11:50.960 --> 0:11:53.720 provide recommendations, and help them really have a better view 0:11:53.720 --> 0:11:56.200 of the customer so that the conversation they have with 0:11:56.320 --> 0:12:00.000 customers is much much richer. The third area is actually 0:12:00.200 --> 0:12:03.240 combining what I call clickstream, which is the path that 0:12:03.280 --> 0:12:07.000 customers will take through websites and profiles, to be able 0:12:07.040 --> 0:12:10.400 to present a much more specific recommendation and what a 0:12:10.480 --> 0:12:13.079 next step won't be for a customer. And finally, you know, 0:12:13.120 --> 0:12:15.720 one of the big issues for companies is sort of 0:12:15.920 --> 0:12:18.760 confidently putting AI to work in their business. And in 0:12:18.760 --> 0:12:22.240 this case, we've added observability where you can expect, how 0:12:22.640 --> 0:12:25.599 inspect how an AI is reasoning, how it's thinking, in 0:12:25.760 --> 0:12:29.199 what tools it's using, so companies can really observe AI 0:12:29.240 --> 0:12:31.200 in the same way they would think about the people 0:12:31.240 --> 0:12:33.040 and their business working with customers. 0:12:33.040 --> 0:12:34.520 I want to go to point number two. You use 0:12:34.559 --> 0:12:37.720 the word teammates, yes, but you've in the past talked 0:12:37.760 --> 0:12:42.600 about a hybrid workforce, people and agents. A lot of 0:12:42.640 --> 0:12:45.560 what's come out since Sunday Night seems to reflect that 0:12:46.200 --> 0:12:50.439 you want to increase the number of useful agents. That also, internally, 0:12:50.480 --> 0:12:52.680 we can talk a little bit about what you're encouraging 0:12:52.720 --> 0:12:55.440 Amazon teams to do, but the idea is that that 0:12:55.559 --> 0:12:59.760 workforces will type should get comfortable working alongside agentic AI. 0:13:00.080 --> 0:13:00.320 Yeah. 0:13:00.760 --> 0:13:03.720 I see a future where actually everyone is managing a 0:13:03.760 --> 0:13:06.640 team of AI agents. And I think our frontier agents 0:13:07.000 --> 0:13:11.160 with software developments, sec ops and so DevOps and security 0:13:11.400 --> 0:13:13.480 is sort of one of our first moves in that direction. 0:13:13.520 --> 0:13:17.959 Where you actually have a teammate with a developer who's 0:13:18.000 --> 0:13:21.439 able to address complex problems, able to work over hours and. 0:13:21.440 --> 0:13:23.360 Days, be able to solve for whole. 0:13:23.160 --> 0:13:27.000 Objectives, and to scale with that person, that the role changes. 0:13:27.080 --> 0:13:30.360 I think we all are managing AI teammates, a team 0:13:30.840 --> 0:13:33.040 of people that are all of AI, people that are 0:13:33.080 --> 0:13:36.520 out able to we can delegate to, we can inspect 0:13:36.520 --> 0:13:39.079 what they're doing, we can iterate with them, provide feedback, 0:13:39.360 --> 0:13:41.800 and for me, that's where I think we end up going. 0:13:42.120 --> 0:13:44.320 I think we're clearly moving that way in the customer 0:13:44.400 --> 0:13:47.520 service direction, and I think the developer experience is also 0:13:47.559 --> 0:13:48.480 clearly moving that direction. 0:13:48.559 --> 0:13:51.000 You're in a leadership position at AWS, but you have 0:13:51.080 --> 0:13:54.400 been with Amazon broadly entering your twenty first year. You're 0:13:54.440 --> 0:13:58.199 part of the S team, the leadership team generally internally 0:13:58.240 --> 0:14:02.640 within Amazon's many arms. Is this like, particularly in the 0:14:02.640 --> 0:14:05.920 context of the technology you've released here Reinvent twenty twenty five, 0:14:06.000 --> 0:14:08.280 Is this at a stage where Amazon teams are dog 0:14:08.320 --> 0:14:11.960 fooding this or it's just inherent the use of technology. 0:14:12.040 --> 0:14:14.440 You want your own teams to be. I think AI native. 0:14:14.600 --> 0:14:17.360 Yeah, that's true, and I think what I observe within 0:14:17.440 --> 0:14:19.920 Amazon certainly we're all very keen to get our hands 0:14:19.960 --> 0:14:22.320 on our new frontier agents, and that is something we've 0:14:22.720 --> 0:14:24.800 had in beta internally, and I think teams are very 0:14:24.800 --> 0:14:28.720 excited to use that in production. We use connect within 0:14:28.760 --> 0:14:31.160 our own customer service teams, our seller support teams, our 0:14:31.200 --> 0:14:34.160 AWS support teams, for example. So we continue like to 0:14:34.160 --> 0:14:36.880 iterate and learn from that. And I would say broadly 0:14:36.880 --> 0:14:42.240 across Amazon, we've really tried to sort of embrace the chaos, 0:14:42.440 --> 0:14:45.320 to put AI in the hands of every person in 0:14:45.360 --> 0:14:48.080 the company and to see what they can do, how 0:14:48.160 --> 0:14:50.720 they can transform how they work, what they learn. And 0:14:50.760 --> 0:14:53.880 so you have a lot of teams sort of grassroots, 0:14:54.240 --> 0:14:56.240 sort of trying to solve for what is the new 0:14:56.280 --> 0:14:59.359 way of working using AI, and some of those experiments 0:14:59.480 --> 0:15:02.320 don't lead in newhere, and some lead and a place 0:15:02.360 --> 0:15:04.040 that's really meaningful. And then you have sort of this 0:15:04.120 --> 0:15:06.520 social contagion that happens that people learn from each other. 0:15:06.560 --> 0:15:09.920 Okay, aws number one in cloud computing and in the 0:15:09.960 --> 0:15:14.480 sense of scale infrastructure deployments, is it number one in AI? 0:15:15.280 --> 0:15:18.080 I think we have all the pieces in place and 0:15:18.120 --> 0:15:20.680 we're well on our way. We're very, very focused, and 0:15:20.760 --> 0:15:22.960 what I really like about our strategy is that we're 0:15:23.000 --> 0:15:25.480 working all the way, all the way, the full stack, 0:15:25.720 --> 0:15:30.560 you know, from clean energy, chips, data centers around the world, 0:15:31.560 --> 0:15:34.680 bedrock with real great selection, including our own models. And 0:15:34.720 --> 0:15:37.320 I think Roehet's making really fast progress on that. And 0:15:37.320 --> 0:15:39.360 I think for Swami and I really trying to put 0:15:39.400 --> 0:15:43.280 those all of those pieces to work where out of 0:15:43.320 --> 0:15:45.560 the box a business can get value. 0:15:45.600 --> 0:15:47.480 We've got a conversation with Swami coming up in a bit. 0:15:47.560 --> 0:15:51.400 Colleen Aubrey, SVP of Applied AI Solutions to AWS, Thank 0:15:51.480 --> 0:15:52.720 you so much, Carrot, what. 0:15:52.800 --> 0:15:56.160 A great conversation. Let's stick with Amazon as well, because 0:15:56.240 --> 0:15:58.920 the company, which is vast it plans to offer deliveries 0:15:58.920 --> 0:16:02.440 of hundreds of house items, including some fresh groceries or 0:16:02.440 --> 0:16:05.880 over the counter medicines within just thirty minutes and test program. 0:16:05.920 --> 0:16:08.840 But it's begun in Philadelphia, we stand will begin there 0:16:08.880 --> 0:16:12.480 and its home city of Seattle now coming up the 0:16:12.600 --> 0:16:16.640 Dells make an unprecedented six point twenty five billion dollar 0:16:16.680 --> 0:16:18.600 donation to the Kids of America or on that. 0:16:18.640 --> 0:16:20.000 Next, this is Bloomberg Tech. 0:16:34.920 --> 0:16:38.120 Michael and Susan Dell are donating six point twenty five 0:16:38.160 --> 0:16:41.360 billion dollars, gifting twenty five million children in America two 0:16:41.400 --> 0:16:43.760 hundred and fifty dollars each in an effort to jumpstart 0:16:43.800 --> 0:16:47.000 their investment accounts for the future. The proceeds build on 0:16:47.040 --> 0:16:50.600 the Invest America Initiative or Trump accounts as they're known, 0:16:50.720 --> 0:16:52.880 which we'll see one thousand dollars for every child born 0:16:52.920 --> 0:16:55.200 from twenty twenty five to twenty twenty eight. Let's talk 0:16:55.200 --> 0:16:57.920 about all of it with bost Tom Maloney and how 0:16:58.000 --> 0:17:01.240 unprecedented is this? This SI is a philanthropic gift. 0:17:02.280 --> 0:17:06.119 It's pretty unprecedtentded I mean, there've been big philanthropic gifts before, 0:17:06.200 --> 0:17:09.320 but something going to cover twenty five million children in 0:17:09.359 --> 0:17:12.840 the cover really is pretty unheard of. And a gift 0:17:12.920 --> 0:17:15.040 to go through the federal government. I mean, he's donating 0:17:15.080 --> 0:17:18.040 the money to the US Department of Treasury. That's pretty 0:17:18.119 --> 0:17:21.440 unusual too, So it's quite an unprecedented gift. 0:17:21.880 --> 0:17:23.680 Let's go back to what all of this is sort 0:17:23.680 --> 0:17:27.280 of sitting alongside, which is invest in America. We sort 0:17:27.280 --> 0:17:29.879 of saw that roundtable alongside other CEOs, a lot of 0:17:29.880 --> 0:17:32.640 them tech who have been thinking about how to get 0:17:32.680 --> 0:17:35.399 money into the hands of children to invest in the 0:17:35.480 --> 0:17:35.960 longer term. 0:17:36.000 --> 0:17:38.120 Tom, that's right. 0:17:38.200 --> 0:17:40.120 Yeah, those were created as part of the One Big 0:17:40.160 --> 0:17:43.800 Beautiful Bill, as you mentioned, one thousand dollars for kids 0:17:43.800 --> 0:17:46.040 born between twenty twenty five and twenty twenty eight. And 0:17:46.119 --> 0:17:48.920 what Della is doing is kind of covering the gap 0:17:49.000 --> 0:17:52.280 for children ten under who aren't covered under that program 0:17:52.440 --> 0:17:55.520 and giving them two hundred and fifty dollars to be 0:17:55.640 --> 0:17:59.000 used for things like college or startup, starting up their 0:17:59.040 --> 0:18:02.760 own business, or home deposit when they're eighteen or older. 0:18:03.320 --> 0:18:06.520 Now, Michael Dell and his family and he's the eleventh 0:18:06.840 --> 0:18:11.200 wealthiest person in the world, but it's other tech moneyed 0:18:11.560 --> 0:18:13.679 people who have been putting this initiative to work. And 0:18:13.720 --> 0:18:16.520 I think about really Brad Gerstner, who has been the 0:18:16.600 --> 0:18:19.920 driving force initially behind what is this sort of invest 0:18:20.000 --> 0:18:22.760 America outreach. He set it up back in twenty twenty three. 0:18:22.800 --> 0:18:24.360 Of course we know him from Ultimeter. 0:18:25.080 --> 0:18:27.040 Yeah, that's right. He's been working on this for a 0:18:27.080 --> 0:18:30.879 couple of years. As you mentioned it predates Trump obviously, 0:18:32.160 --> 0:18:36.680 you know, the name Trump Accounts certainly got his attention 0:18:37.000 --> 0:18:39.480 and I think helped put it into the One Big 0:18:39.520 --> 0:18:43.159 Beautiful Bill. But yeah, it's kind of an issue that 0:18:44.880 --> 0:18:47.560 Democrats and Republicans have been interested in something like this, 0:18:47.680 --> 0:18:51.280 a product like this that gets everyday Americans invested in 0:18:51.359 --> 0:18:54.159 the stock market from a very young age. It's kind 0:18:54.200 --> 0:18:55.879 of a bipartisan issue. 0:18:56.320 --> 0:18:58.800 Yeah, And Brad over at Altameter, he's been saying that 0:18:58.880 --> 0:19:01.520 this is a platform for every company in America to 0:19:01.560 --> 0:19:04.000 think about how they reward employee's own children. 0:19:04.040 --> 0:19:05.439 But it doesn't need to just be a company. 0:19:05.480 --> 0:19:08.520 It could be mums and dad's, churches, synagogue's. Many to 0:19:08.600 --> 0:19:10.920 be putting it aside in a sort of tax efficient way. 0:19:10.960 --> 0:19:11.240 Tom. 0:19:11.480 --> 0:19:12.480 What's interesting is, of. 0:19:12.400 --> 0:19:15.919 Course Dell Stock has moved on all of this, and 0:19:15.960 --> 0:19:18.439 this comes after a truth social post. 0:19:18.680 --> 0:19:19.360 Yeah, that's right. 0:19:19.640 --> 0:19:22.159 Dell stock was up about four percent last time I looked. 0:19:22.880 --> 0:19:26.280 Trump obviously singling out Michael and Susan Dell for their 0:19:26.280 --> 0:19:29.600 donation this morning, he was seemingly very happy about it. 0:19:29.640 --> 0:19:33.800 And you know, when Trump tweets about something, it tends 0:19:33.840 --> 0:19:35.760 to move stuff in the market. So we're kind of 0:19:35.760 --> 0:19:37.520 saying that I don't know if it's going to last, 0:19:37.880 --> 0:19:38.840 but there you go. 0:19:39.440 --> 0:19:41.760 And of course that contributes to the networth of the 0:19:41.800 --> 0:19:44.080 Dell family. On the back of that, Bloomberg's Tom Maloney, 0:19:44.280 --> 0:19:46.679 it's been fascinating talking to you, Thank you very much. Indeed, 0:19:46.960 --> 0:19:49.600 let's turn now to Warner Brothers Discovery. The company has 0:19:49.600 --> 0:19:52.680 received a new round of bids, with one from Netflix 0:19:52.720 --> 0:19:56.080 consisting of a mostly cash offers, according to sources. For more, 0:19:56.119 --> 0:19:59.520 Bloomberg's Michelle Davis, who covers M and A Immediate joins us. 0:19:59.560 --> 0:20:00.880 Now, so can we. 0:20:00.840 --> 0:20:03.120 Break down how these is starting to note because they're 0:20:03.119 --> 0:20:03.840 going to be sweetened. 0:20:04.560 --> 0:20:07.600 They've been sweetened, yes, so the bidding is heating up. 0:20:07.720 --> 0:20:10.840 Yesterday Warner Brothers had asked for sweetened offers from all 0:20:10.840 --> 0:20:12.960 of the companies, so we know they received offers from 0:20:13.119 --> 0:20:16.080 Netflix mostly cash. That was a big surprise because people 0:20:16.080 --> 0:20:18.720 were expecting it to be stock. You know, Netflix's stock 0:20:18.720 --> 0:20:21.159 has been doing pretty well. They have great currency, but 0:20:21.160 --> 0:20:24.000 they're also an investment grade company, so they can afford 0:20:24.040 --> 0:20:26.240 to raise a lot of money. We hear they're in 0:20:26.280 --> 0:20:28.520 the market talking to banks about tens of billions of 0:20:28.560 --> 0:20:31.640