Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol Master along with Tim Stanevik. Let's get to
Speaker 1: some stocks on the move with us, as Bloomberg News
Speaker 1: crosss A reporter Dana Sakhova. Perfect, thank you. We actually
Speaker 1: just got schooled on the right way to say it.
Speaker 1: I just did.
Speaker 3: It wasn't from me, it was from Tim. He started campaign.
Speaker 3: He was like, this is how your name is pronounced.
Speaker 3: But I didn't.
Speaker 4: I didn't tell you that.
Speaker 3: He's very sweet.
Speaker 4: No, I didn't tell you that. No, No, you were doing it.
Speaker 4: Here's the real story, because I'm not like mansplaining somebody's
Speaker 4: name just to you know, make.
Speaker 1: For everybody knows your name.
Speaker 4: And I said, I wrote her an email and I said,
Speaker 4: we've been I've been saying it wrong for what three years?
Speaker 4: At this point, You've been great. Okay, we'll use both.
Speaker 3: I use both. You're all amazing.
Speaker 4: We are happy to have you.
Speaker 1: Okay, all right, Well, all right, so let's get to
Speaker 1: some stocks on the move. Alphabet So there's one of
Speaker 1: the big mag seven's Alphabet.
Speaker 3: Pretty rough day for Alphabet. We've been talking about AI
Speaker 3: war when it comes to talent, talent AI war, but
Speaker 3: there is no clear show than what we're seeing in Alphabet.
Speaker 3: Today the stock fell as much as seven point two percent,
Speaker 3: the biggest intro day drop since February. The ticker, of
Speaker 3: course is Google. The big move today is Google deep
Speaker 3: Mind vice president John Jumper leaving. The announcement came over
Speaker 3: the weekend. He's going to Entropic. He won the twenty
Speaker 3: twenty four Nobel Price in Chemistry for his work in
Speaker 3: artificial intelligence. Clearly very important member of the team. He
Speaker 3: was a very important member of the AI coding development team.
Speaker 3: And this is the second big departure in a very
Speaker 3: short amount of time. We saw Noam Shazir also depart
Speaker 3: but going to Open Ai and this talent the talent
Speaker 3: war is crazy, and we hear that good was behind
Speaker 3: on those AI coding twos, and then you go to
Speaker 3: Open Ai and Tropic and they're really really ramping up.
Speaker 3: That's kind of the next wave and that you can
Speaker 3: see Google has down so much. It's up only ten
Speaker 3: percent this year, but I don't know.
Speaker 4: We went to the sphere last week we saw The
Speaker 4: Wizard of Oz, the new AI version that is cut
Speaker 4: down from a longer movie to just about a little
Speaker 4: over an hour, and at the end the credits showed
Speaker 4: Google's huge team that worked on the AI for this,
Speaker 4: you know, James Dolen version of The Wizard of Oz.
Speaker 1: Can we just say the credit roll after that alone
Speaker 1: was just amazing And those.
Speaker 4: Are all the people that worked on the new version
Speaker 4: of the new version.
Speaker 1: But how much technology was obviously involved in making that happen, right,
Speaker 1: It was kind of wild. Yeah, we're looking at just
Speaker 1: the different entities that were.
Speaker 4: Well, there's also just the interesting sort of corporate story
Speaker 4: about this, which is that it's an MGM movie, but
Speaker 4: it's now owned by Warner Brothers Discovery. So Zaslov was
Speaker 4: mentioned too in the credits. But you know, I think
Speaker 4: we were the only ones in the whole sphere who
Speaker 4: cared about that.
Speaker 1: Pictures like get the credits off and we're like, oh
Speaker 1: my god, what about AI? It's exactly all right, where
Speaker 1: do you want to go? Now?
Speaker 3: SpaceX, which is also AI story. Everything is AI story.
Speaker 3: SpaceX is down for third straight day. Of course, we
Speaker 3: have the volatility after ip O. This is pretty normal.
Speaker 3: But what we have here is the company selling investment
Speaker 3: grade bonds. We reported this earlier last week, but clearly
Speaker 3: that adds up to some of the volatility. The stock
Speaker 3: keeps falling. Ticker is a sp c X. It fell
Speaker 3: as much as twelve percent on Monday, kind of got
Speaker 3: worse during the day, and then don't remember, don't forget
Speaker 3: on Wednesday and Thursday we get another eight percent drop,
Speaker 3: still significantly above that IPO price. But we're talking about
Speaker 3: twenty billion from first Born offering, and knowing even Musk
Speaker 3: and the whole ecosystem of companies, he said, you know,
Speaker 3: he likes to borrow and wants to do this big investment.
Speaker 4: In a They just raised seventy five well actually eight
Speaker 4: five billion dollars when you throw.
Speaker 1: In for j that AI stuff is expensed.
Speaker 2: It.
Speaker 1: I mean, we've all talked about right that you're going
Speaker 1: to have to tap both debt and credit debt excuse me,
Speaker 1: and equity markets, and so that's exactly what you're seeing.
Speaker 1: But you know, it just depends where this all goes.
Speaker 1: Just got about thirty seconds. What do you want? The
Speaker 1: last one?
Speaker 3: Another AI story getting images sort as much as one
Speaker 3: hundred and forty five percent, now up about eighty percent.
Speaker 3: Ticker is g E T y uh. They have a
Speaker 3: new licensing deal with Open the Eye. They've been kind
Speaker 3: of pushing back against AI for some time. Now they
Speaker 3: have this licensing deal. The stock was down fifty five
Speaker 3: percent before this. What we know is that images from
Speaker 3: its library will appear in the search and discovery feature
Speaker 3: of CHGPT. Much more to be disclosed, but definitely an
Speaker 3: interesting trends.
Speaker 1: I love that.
Speaker 4: Story too too, But I mean, what's an AI version
Speaker 4: of an actual image going to look like?
Speaker 1: I don't know. Yeah, I don't know. Maybe've governorship of
Speaker 1: it right, like I just I don't know. I don't know.
Speaker 2: The stock movers from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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