WEBVTT - SpaceX Slips, Alphabet Tumbles, Getty Images Soar

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Carol Master along with Tim Stanevik. Let's get to

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<v Speaker 1>some stocks on the move with us, as Bloomberg News

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<v Speaker 1>crosss A reporter Dana Sakhova. Perfect, thank you. We actually

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<v Speaker 1>just got schooled on the right way to say it.

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<v Speaker 1>I just did.

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<v Speaker 3>It wasn't from me, it was from Tim. He started campaign.

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<v Speaker 3>He was like, this is how your name is pronounced.

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<v Speaker 3>But I didn't.

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<v Speaker 4>I didn't tell you that.

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<v Speaker 3>He's very sweet.

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<v Speaker 4>No, I didn't tell you that. No, No, you were doing it.

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<v Speaker 4>Here's the real story, because I'm not like mansplaining somebody's

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<v Speaker 4>name just to you know, make.

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<v Speaker 1>For everybody knows your name.

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<v Speaker 4>And I said, I wrote her an email and I said,

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<v Speaker 4>we've been I've been saying it wrong for what three years?

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<v Speaker 4>At this point, You've been great. Okay, we'll use both.

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<v Speaker 3>I use both. You're all amazing.

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<v Speaker 4>We are happy to have you.

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<v Speaker 1>Okay, all right, Well, all right, so let's get to

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<v Speaker 1>some stocks on the move. Alphabet So there's one of

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<v Speaker 1>the big mag seven's Alphabet.

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<v Speaker 3>Pretty rough day for Alphabet. We've been talking about AI

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<v Speaker 3>war when it comes to talent, talent AI war, but

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<v Speaker 3>there is no clear show than what we're seeing in Alphabet.

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<v Speaker 3>Today the stock fell as much as seven point two percent,

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<v Speaker 3>the biggest intro day drop since February. The ticker, of

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<v Speaker 3>course is Google. The big move today is Google deep

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<v Speaker 3>Mind vice president John Jumper leaving. The announcement came over

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<v Speaker 3>the weekend. He's going to Entropic. He won the twenty

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<v Speaker 3>twenty four Nobel Price in Chemistry for his work in

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<v Speaker 3>artificial intelligence. Clearly very important member of the team. He

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<v Speaker 3>was a very important member of the AI coding development team.

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<v Speaker 3>And this is the second big departure in a very

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<v Speaker 3>short amount of time. We saw Noam Shazir also depart

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<v Speaker 3>but going to Open Ai and this talent the talent

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<v Speaker 3>war is crazy, and we hear that good was behind

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<v Speaker 3>on those AI coding twos, and then you go to

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<v Speaker 3>Open Ai and Tropic and they're really really ramping up.

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<v Speaker 3>That's kind of the next wave and that you can

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<v Speaker 3>see Google has down so much. It's up only ten

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<v Speaker 3>percent this year, but I don't know.

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<v Speaker 4>We went to the sphere last week we saw The

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<v Speaker 4>Wizard of Oz, the new AI version that is cut

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<v Speaker 4>down from a longer movie to just about a little

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<v Speaker 4>over an hour, and at the end the credits showed

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<v Speaker 4>Google's huge team that worked on the AI for this,

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<v Speaker 4>you know, James Dolen version of The Wizard of Oz.

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<v Speaker 1>Can we just say the credit roll after that alone

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<v Speaker 1>was just amazing And those.

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<v Speaker 4>Are all the people that worked on the new version

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<v Speaker 4>of the new version.

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<v Speaker 1>But how much technology was obviously involved in making that happen, right,

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<v Speaker 1>It was kind of wild. Yeah, we're looking at just

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<v Speaker 1>the different entities that were.

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<v Speaker 4>Well, there's also just the interesting sort of corporate story

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<v Speaker 4>about this, which is that it's an MGM movie, but

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<v Speaker 4>it's now owned by Warner Brothers Discovery. So Zaslov was

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<v Speaker 4>mentioned too in the credits. But you know, I think

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<v Speaker 4>we were the only ones in the whole sphere who

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<v Speaker 4>cared about that.

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<v Speaker 1>Pictures like get the credits off and we're like, oh

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<v Speaker 1>my god, what about AI? It's exactly all right, where

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<v Speaker 1>do you want to go? Now?

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<v Speaker 3>SpaceX, which is also AI story. Everything is AI story.

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<v Speaker 3>SpaceX is down for third straight day. Of course, we

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<v Speaker 3>have the volatility after ip O. This is pretty normal.

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<v Speaker 3>But what we have here is the company selling investment

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<v Speaker 3>grade bonds. We reported this earlier last week, but clearly

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<v Speaker 3>that adds up to some of the volatility. The stock

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<v Speaker 3>keeps falling. Ticker is a sp c X. It fell

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<v Speaker 3>as much as twelve percent on Monday, kind of got

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<v Speaker 3>worse during the day, and then don't remember, don't forget

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<v Speaker 3>on Wednesday and Thursday we get another eight percent drop,

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<v Speaker 3>still significantly above that IPO price. But we're talking about

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<v Speaker 3>twenty billion from first Born offering, and knowing even Musk

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<v Speaker 3>and the whole ecosystem of companies, he said, you know,

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<v Speaker 3>he likes to borrow and wants to do this big investment.

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<v Speaker 4>In a They just raised seventy five well actually eight

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<v Speaker 4>five billion dollars when you throw.

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<v Speaker 1>In for j that AI stuff is expensed.

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<v Speaker 2>It.

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<v Speaker 1>I mean, we've all talked about right that you're going

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<v Speaker 1>to have to tap both debt and credit debt excuse me,

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<v Speaker 1>and equity markets, and so that's exactly what you're seeing.

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<v Speaker 1>But you know, it just depends where this all goes.

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<v Speaker 1>Just got about thirty seconds. What do you want? The

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<v Speaker 1>last one?

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<v Speaker 3>Another AI story getting images sort as much as one

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<v Speaker 3>hundred and forty five percent, now up about eighty percent.

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<v Speaker 3>Ticker is g E T y uh. They have a

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<v Speaker 3>new licensing deal with Open the Eye. They've been kind

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<v Speaker 3>of pushing back against AI for some time. Now they

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<v Speaker 3>have this licensing deal. The stock was down fifty five

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<v Speaker 3>percent before this. What we know is that images from

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<v Speaker 3>its library will appear in the search and discovery feature

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<v Speaker 3>of CHGPT. Much more to be disclosed, but definitely an

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<v Speaker 3>interesting trends.

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<v Speaker 1>I love that.

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<v Speaker 4>Story too too, But I mean, what's an AI version

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<v Speaker 4>of an actual image going to look like?

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<v Speaker 1>I don't know. Yeah, I don't know. Maybe've governorship of

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<v Speaker 1>it right, like I just I don't know. I don't know.

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<v Speaker 2>The stock movers from Bloomberg Radio. Check back with us

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