Speaker 1: Bloomberg Audio Studios, podcasts, radio news. This is Daniel Ives
Speaker 1: of Webbush first of all, rocketed out of Las Vegas
Speaker 1: with Aston Martin. For those of you on radio, he's
Speaker 1: got the real jacket on, like the kind of land Alonzo.
Speaker 1: We're in all that. What in Formula one with all
Speaker 1: the excitement Apple taking over the broadcast, Cadillac coming in
Speaker 1: next year, when you're in the pit like you were,
Speaker 1: What's what's the thing that you don't know when you
Speaker 1: watch on TV?
Speaker 2: I think, I mean my experience at that point. I
Speaker 2: think the thing that peopleon't realize not just how loud
Speaker 2: it is, but especially like when you're in there and
Speaker 2: you actually have like the headphones on and you hear
Speaker 2: them talking to the drivers. Just a complexity. I mean,
Speaker 2: that's the thing. It's like, it's it's really amazing.
Speaker 1: Did you change a tire?
Speaker 2: I did, but I will tell you at at indy
Speaker 2: five hundred, I came close to almost change the entire Okay,
Speaker 2: Dan Eyes secure Liberty Media.
Speaker 3: You can own Formula one fw NK is the ticker
Speaker 3: Liberty Media. You can own it as a public Why is.
Speaker 1: Apple doing that? Explain? Just go to Jes Paul's dying
Speaker 1: to get do Nvidia and you know the Google thing
Speaker 1: and all that. Why is Apple doing Apple TV? It's
Speaker 1: called dad TV because no one watches it. They got
Speaker 1: some product out, they've had some successes, but why waste
Speaker 1: their time on that?
Speaker 2: Yeah? I mean to me, it's really it's all about
Speaker 2: where they're ultimately going to take this. I mean in
Speaker 2: the future. And we'll see as Apple ultimately goes down
Speaker 2: the past with Gemini and in terms of the AI future,
Speaker 2: they need to have as wide of a content lens
Speaker 2: as possible. And I think when you look at Apple TV,
Speaker 2: it's all part of Look, the quality speaks for itself.
Speaker 2: Kuwannie has been the issue. But for them, it's just
Speaker 2: they're going to continue to have irons in the fire.
Speaker 2: That's what they're going to do.
Speaker 1: The TV show Pluribus, it's a sci fi thing. She's
Speaker 1: home all alone. Everybody around her is like a droid surveillance.
Speaker 1: It is great. Why don't you get to video right? Example?
Speaker 3: So, Dan, the AI story here took a little bit
Speaker 3: of return over the last a couple of days. Here
Speaker 3: Meta placing a big chip order with Google, further calling
Speaker 3: to question the position or the dominance position of Nvidia.
Speaker 3: Give us your thoughts about that one.
Speaker 2: I mean, look Google TPU if you especially with wait,
Speaker 2: Broadcom and TSMC is the is the builder that's been
Speaker 2: around for over a decade, right, So it's not that
Speaker 2: it's new per se. I think the issue comes down
Speaker 2: to demand supply from video chips to twelve to one,
Speaker 2: so the reality.
Speaker 3: To supply of Nvidio chips twelve to one.
Speaker 2: So look, when you look at Meta, like, they're not
Speaker 2: going to be able to get everything they need from
Speaker 2: in video, so they got to look outside. When you
Speaker 2: look with googleized, i'd say it's really it's about three
Speaker 2: to four years behind where Nvidio is, but again on
Speaker 2: some certain instances it could be good enough. And look
Speaker 2: at that's where we're going. I mean, the reality is
Speaker 2: when it comes to AMD, when it comes to big tech,
Speaker 2: eventually you gonna see Apple, you gonna see Meta, you're
Speaker 2: gonna see Microsoft. They'll building own chips as well. But
Speaker 2: there's one chip in the world feeling the AI revolution
Speaker 2: that's in video.
Speaker 3: So that's kind of how I thought about yesterday. I
Speaker 3: was kind of surprised to see the cell off in
Speaker 3: Vidio because my thought was all I hear from guys
Speaker 3: like you and technology folks coming in here is that
Speaker 3: the demand for AI is just I'm not saying satial,
Speaker 3: but boy, it's outstripping supply for sure. And you gotta
Speaker 3: get what you can get when you can get it.
Speaker 2: Look, just spending three weeks in Asia, I mean, we've
Speaker 2: seen demand accelerate thirty percent in the last six months
Speaker 2: for AI. So it comes down to like it's easy
Speaker 2: to call say AI is a bubble in the spreadsheet
Speaker 2: and twenty fifty four of New York City office building,
Speaker 2: but when you actually see what's happening there. Look, only
Speaker 2: three percent of enterprise in the US have gone down
Speaker 2: the AI path, None in Europe, Asia, ex China, and
Speaker 2: now you've seen sovereigns in Middle East, and for the
Speaker 2: first time in thirty years, US is headed China. When
Speaker 2: it comes tech on.
Speaker 1: Wall Street, people love to go after you on Twitter.
Speaker 1: It's the close, it's the act and all that underneath it.
Speaker 1: We know, folks, not only Dan Eyes but Webbush, there's
Speaker 1: some prodigious tech chips. Like going to Asia, like actually
Speaker 1: walking in a factory, find out what's going on. Here's
Speaker 1: the reality for our listeners. Our viewers worldwide. April three,
Speaker 1: a leading newspaper just reporting the news. Apple Shells shares
Speaker 1: fell more than nine percent in response to the President's
Speaker 1: plan for steep tariffs on products made abroad. Let as
Speaker 1: sharp set off in tech stocks, which is loaded with technology.
Speaker 1: OMG April thirds sank nearly six percent. Apple is up
Speaker 1: sixty five percent, printing two to eighty yesterday. How do
Speaker 1: our listeners in viewers digest the news in the day
Speaker 1: to day panic and yet stay on board this historic
Speaker 1: American path.
Speaker 2: Look, and we've talked about so much on the show
Speaker 2: over the years, right, I mean, the reality is is
Speaker 2: that there's no bigger consumer install based in the world
Speaker 2: than Apple two point four billion iOS devices, one point
Speaker 2: five billion iPhones. And it comes down besides just the
Speaker 2: cash generating machine everything we see in the services. When
Speaker 2: you look at the AI revolution, Okay, they've looked, they've
Speaker 2: watched it from the stands so far, but now they're
Speaker 2: about to get into the field and actually do it
Speaker 2: and monetize the install based the consumer AI revolution comes
Speaker 2: to Apple, and I think that's something that we're going
Speaker 2: to see with Google Partnership and others and Tom I
Speaker 2: just continue view it as like seventy five to one
Speaker 2: hundred hours per share incremental will be added to Apple
Speaker 2: for AI And that's my view. They've David and also
Speaker 2: look at this iPhone seventeen. It's been a surprise upgrade
Speaker 2: cycle that no one expected with Gemini.
Speaker 1: Is Apple under less pressure to do something this whole
Speaker 1: do something, do something?
Speaker 2: I'd say more pressure, but they couldn't do it till
Speaker 2: Google ultimately won the dojsuit Wednesday won the dojsuit. That's
Speaker 2: where the cando idenner between sun Dar and cook Start.
Speaker 2: And I think that's that ultimately is now where that's
Speaker 2: tracking to what can be a deal that couldn't have
Speaker 2: been until they won that deal. And I think that's
Speaker 2: that's where they're gonna go. They're not buying Purplexity, They're
Speaker 2: going with Google. They're gonna go down bet heavily on them.
Speaker 1: Day I was with Red Bush with us here on
Speaker 1: Wednesday before Thanksgiving? Is you get ready to travel? The
Speaker 1: Horde comes over to the house. We say good morning
Speaker 1: all the different ways you listen to us, thank you
Speaker 1: for discovering Bloomberg's surveillance in two thousand and twenty five.
Speaker 1: Will be here Friday Paul Sweeney your people. It was
Speaker 1: a big argument. People went back and forth. Yes, yeah,
Speaker 1: but we'll be here Friday after Thanksgiving.
Speaker 3: Paul Dan talks us about Meta a little bit. I
Speaker 3: think that's one of the ones the market's unsure of
Speaker 3: as it relates to the AI play.
Speaker 1: There.
Speaker 3: Stocks down about twenty percent from its recent high. Some
Speaker 3: concerns there. How do you position that?
Speaker 2: I think, I mean it's a table pounder by because
Speaker 2: the reason that stocks off is because Zuck right now
Speaker 2: Wartime CEO, focus on increasing capacs over the next year
Speaker 2: in this arms race, and you're and you're seeing obviously
Speaker 2: pressure in terms of earnings and cashle but that's that's
Speaker 2: what you want to see them do. You were talking
Speaker 2: about monetizing the AI revolution over the coming years, the
Speaker 2: three billion users that they basically have when it comes
Speaker 2: to their consumer ECOSYSM, and that's the smart move I
Speaker 2: think right now, investors, it's very easy knee jerk with
Speaker 2: the bury, the AI bubble, all the worries. The reality
Speaker 2: is that there's two more years that Leise left in
Speaker 2: this tech bow market. You're in year three of an
Speaker 2: eight to ten year building. It's truly a fourth industrial revolution,
Speaker 2: and I think meta is going to be proven that
Speaker 2: this is the right move.
Speaker 1: What they're doing in the zeitgeist this weekend is the
Speaker 1: partition that, yes, we appear to be using AI for
Speaker 1: certain stuff. And Paul Sweeney the other day goes, should
Speaker 1: I go with the ocean space cranberry or something homemade,
Speaker 1: you know that kind of stuff, or like task driven AI?
Speaker 1: When do you perceive America makes the shift to a
Speaker 1: more sophisticated use of AI.
Speaker 2: Yeah, it's a great quest. But today it's enterprise. I mean,
Speaker 2: the reality is the consumer AI revolution hasn't started. Chat
Speaker 2: GPT and we see that, but it's all enterprise. I mean,
Speaker 2: the spending we're talking about called next two to three trillions,
Speaker 2: just the enterprise. When it talks about consumer, it's our
Speaker 2: autonomous humanoid robotics. It's the future of the consumer.
Speaker 1: Goddamn robot to make my Cranberry sauce.
Speaker 2: Listen, you're again and I continue to meet the call.
Speaker 2: Keen will be in a ROBOTAXI in.
Speaker 1: The other day into that, I thought lovelow.
Speaker 2: And again you never know, it could be ledlow.
Speaker 3: So all right, let's go to that robotics and all
Speaker 3: that kind stuff. Because that's kind of the story behind
Speaker 3: Teslaly these days, it's not about bending steel and making
Speaker 3: cars and things like that. So the stocks up four
Speaker 3: percent here today, so it's really lagging the market. It's
Speaker 3: come back from I guess the biggest concerns where we
Speaker 3: were several months ago. But when you talk to your
Speaker 3: institutional list or clients, what are they telling you.
Speaker 2: I mean, it's all about the future. I believe Autonomous
Speaker 2: and ultimately optimists are will be the most important chapter
Speaker 2: ever in Tesla's growth story. And I think now must
Speaker 2: being wartime CEO, having the compackage, you know, potentially trillion
Speaker 2: dollar man, this will now define Tesla. And I also
Speaker 2: think you're gonna see a regulatory road map that's going
Speaker 2: to ease when it comes to Autonomous, specifically on the
Speaker 2: Robotaxi build out, you're gonna have thirty thirty five cities.
Speaker 2: And I think WIMA is basically gonna be a round
Speaker 2: the era a relative to where I see Tesla.
Speaker 1: Let's go to our three radio stations. Good Morning ninety
Speaker 1: two nine FM, Boston ninety nine one FM, Nathan Hager
Speaker 1: Radio in Washington here Bloomberg eleventh zero. How is a
Speaker 1: robotaxi get across the Charles River right by Mi T.
Speaker 1: How does a robot get turn left there? And the sport?
Speaker 1: How does a robotaxi get around DuPont Circle? How does
Speaker 1: a robotaxi get down Fifth Avenue right outside the Trump Tower.
Speaker 1: I don't get it.
Speaker 2: Look I mean, do you look at it's it's data driven.
Speaker 2: I mean the reality is is that is.
Speaker 1: Your proof of concept that they can handle normal urban traffic.
Speaker 2: What everything I've seen, and obviously we've been there in Austin,
Speaker 2: You're going to continue to see to expand, you know,
Speaker 2: across many cities over the next few months. I believe
Speaker 2: we're there now. I'm not saying that there's you're going
Speaker 2: to see the geofense area continue to expand. But it's
Speaker 2: my view next few years, twenty percent of cars on
Speaker 2: the road when you're whether it's New York City, whether
Speaker 2: it's Boston, whether it's scott you're gonna look around and
Speaker 2: you're gonna and you're not gonna see a driver enough chat.
Speaker 1: What's your single best buy right now? Is it matter
Speaker 1: or is this something different?
Speaker 2: I mean to me, single best buy writ or is
Speaker 2: Microsoft the relative to what we see in terms of
Speaker 2: the stock, I sit down because the view that now Google,
Speaker 2: now Amazon and others on the hyper scale are gonna
Speaker 2: sort of eat their lunch. Look what's happened to Oracle
Speaker 2: as well? It just look New York City cab driver
Speaker 2: was bearish on Alphabet and Google start the year. Today
Speaker 2: they're barish on Microsoft. And I think that's why that
Speaker 2: has one hundred hour upside.
Speaker 1: Okay on Microsoft just is one example. Are they Open Ai?
Speaker 1: Sam what's his name, Sam Altman?
Speaker 3: Sam Almon?
Speaker 1: Yeah? Are they down because they're affiliated with Sam Altman?
Speaker 2: I think just like, just like Oracle, there's that too
Speaker 2: big to fail concept right where anyone that touches Open
Speaker 2: AI that's ultimately been an overhang. But it comes down
Speaker 2: to like that would be like me being like, Okay,
Speaker 2: if I could have more Peter Luger Steak, would I
Speaker 2: have it? Or would I rather own White Castle?
Speaker 1: Yeah?
Speaker 2: Again, you gotta go Lugers. But the reality is that
Speaker 2: Open AI it's the Peter Lugers of technology. You want
Speaker 2: to be associated with it, not not associated.
Speaker 1: Those are on YouTube. The interns are in our ears.
Speaker 1: We got these holiday interns and Sweeney's interns from Penn State.
Speaker 1: I'm shocked we are. Nobody cares we are. Paul Dan,
Speaker 1: Penn State, go Paul.
Speaker 3: Who's going to be the coach?
Speaker 1: Do you think?
Speaker 2: I mean, look, I think we'll see it probably Monday.
Speaker 2: That was I continue to think it's you know, it's
Speaker 2: either Chesney from JMU that you know, or there could
Speaker 2: be a mystery candidate that will see how that emerged
Speaker 2: over the coming days.
Speaker 1: So I think a big.
Speaker 2: Mystery can no, not no, not no, please we better
Speaker 2: days are ahead for Penn State after a dark year.
Speaker 1: All I ask was, you're such a hitter and you're
Speaker 1: so f one. Next time you go to F one,
Speaker 1: take young John farroll with you. First, I played the.
Speaker 2: Reason I got into F one. It was Netflix and farah.
Speaker 3: Ye yeah, yeah, I mean.
Speaker 1: I mean he wears he's like head to toe in Ferrari.
Speaker 3: Sure, I mean you know, I mean, you know he's
Speaker 3: that's how you roll.
Speaker 1: The whole thing's where's your next F one you're going to?
Speaker 2: I mean I have a few, but uh a few
Speaker 2: on the docket, you know, mid Middle East and and
Speaker 2: some other ones.
Speaker 1: Dan, I was thank you to extended a conversation a
Speaker 1: lot of good information there with his single best buy,
Speaker 1: The Gentleman from Microsoft