WEBVTT - Oracle's Record High and X's Right-Wing Lean 0:00:01.480 --> 0:00:06.760 From Mahart where Innovation, money and power Collie in Silicon Valley, NBN. 0:00:07.120 --> 0:00:11.160 This is Bloomberg Technology with Caroline Hyde and Ed loved Love. 0:00:24.920 --> 0:00:27.120 I'm Caroline heid Oft Bloomberg's Weld headquarters in New York 0:00:27.160 --> 0:00:28.080 and Ludlow is off. 0:00:28.360 --> 0:00:30.120 This is Bloombag Technology coming up. 0:00:30.280 --> 0:00:33.159 We break down Oracle's earnings and it's pushed into the 0:00:33.159 --> 0:00:36.400 cloud computing space as a company hits a record high, 0:00:36.600 --> 0:00:39.640 and we talk all things Elon Musk ahead of the 0:00:39.720 --> 0:00:41.720 vote on his fifty six billion dollar pay. 0:00:41.520 --> 0:00:44.080 Package, plus Paramount. 0:00:43.560 --> 0:00:46.280 Walks away from a deal with Skyharts as it heads 0:00:46.320 --> 0:00:48.160 back to square one to find a new bidder. 0:00:48.479 --> 0:00:50.680 We discussed that and so much more throughout. 0:00:50.360 --> 0:00:54.360 This hour, including record high after record high, and a 0:00:54.400 --> 0:00:55.680 new company back on top. 0:00:55.760 --> 0:00:57.400 I focus in on what's happening with Apple. 0:00:57.520 --> 0:01:00.760 Extraordinary move for a company lay at about a three 0:01:00.880 --> 0:01:06.119 trillion dollar market valuation to move twelve percent in two days, following, 0:01:06.160 --> 0:01:10.240 of course WWDC, following the integration of artificial intelligence and 0:01:10.319 --> 0:01:13.120 open AI, and of course it therefore starts to pip 0:01:13.200 --> 0:01:15.360 a company to the post in terms of its overall 0:01:15.400 --> 0:01:19.480 market valuation. Who now reign supreme Apple number one once again, 0:01:19.720 --> 0:01:22.959 take it versus Microsoft. Microsoft, of course had been the 0:01:23.080 --> 0:01:26.399 number one player for several months. Now we're back eclipsing 0:01:26.440 --> 0:01:28.920 it for Apple. Check out the white line suddenly crishendering 0:01:28.920 --> 0:01:31.759 to three point three trillion dollars. We've got also, though 0:01:32.120 --> 0:01:34.600 still gains for the likes of Microsoft, gains the likes 0:01:34.640 --> 0:01:37.720 and video also at about a three trillion dollar market capitalization. 0:01:38.120 --> 0:01:41.479 We are fueling some of these valuations across the board 0:01:41.520 --> 0:01:44.360 and also looking at what happened in for Oracle too, 0:01:44.520 --> 0:01:47.480 another new record high for this particular player after its 0:01:47.480 --> 0:01:50.600 actual earnings show real driving force when it comes to 0:01:50.640 --> 0:01:52.320 its focus on cloud computing. 0:01:52.400 --> 0:01:52.920 How can it. 0:01:52.840 --> 0:01:55.560 Compete versus some of the other players like a Microsoft. 0:01:55.600 --> 0:01:58.120 We're carrying up nine point eight percent on one day 0:01:58.120 --> 0:02:00.760 alone for Oracle after its earnings came out the bell yesterday. 0:02:00.800 --> 0:02:02.520 Let's get straight to it. Body Ford joins us. 0:02:02.480 --> 0:02:05.280 Now for more and a good day for one eleison 0:02:05.320 --> 0:02:07.640 at least, this one being Larry Ellison. 0:02:07.920 --> 0:02:09.120 What did you make of the numbers? 0:02:09.919 --> 0:02:13.079 Yeah? Absolutely, with Oracle, it is all about that cloud 0:02:13.120 --> 0:02:14.080 infrastructure number. 0:02:14.160 --> 0:02:14.280 Right. 0:02:14.320 --> 0:02:16.919 We've seen across software in recent weeks that it's been 0:02:16.919 --> 0:02:20.840 really difficult for those selling applications. Lucky for Oracle, their 0:02:20.880 --> 0:02:23.600 big growth bet is that infrastructure, right, and so we 0:02:23.680 --> 0:02:27.079 saw them sign a good number of deals. The bookings 0:02:27.080 --> 0:02:30.440 were higher than anticipated, and there was that really important 0:02:30.440 --> 0:02:34.000 partnership deal that Microsoft and open Ai said, Hey, we 0:02:34.120 --> 0:02:37.160 actually don't even have enough capacity. We're going to use 0:02:37.200 --> 0:02:40.320 Oracle's cloud to help train and work with open Ai, 0:02:40.520 --> 0:02:43.440 which that was a very validating point for a lot 0:02:43.440 --> 0:02:46.320 of investors who said that. Okay, I guess what Larry's 0:02:46.360 --> 0:02:50.239 been talking about, that Oracle is the best for AI workloads. 0:02:50.800 --> 0:02:52.160 There's got to be something there. 0:02:52.520 --> 0:02:56.640 Yeah, Software Cat's coming out saying we've had record contract 0:02:56.680 --> 0:02:59.520 sizes being signed in the previous quarter. That's going to 0:02:59.520 --> 0:03:02.040 continue into the second half of the year. Brody, But 0:03:02.080 --> 0:03:04.320 I'm really interested in, well, where is the fly in 0:03:04.360 --> 0:03:07.200 the ointment? What about the focus on healthcare data because 0:03:07.240 --> 0:03:08.800 that is still not growing particularly. 0:03:10.240 --> 0:03:13.640 Yeah, the whole healthcare bet was, for sure, kind of 0:03:13.800 --> 0:03:15.320 not a big part of the earnings. 0:03:15.360 --> 0:03:16.680 Here are funny. 0:03:16.400 --> 0:03:20.519 Worst You know, Oracle purchase Cerner twenty eight billion dollars 0:03:20.600 --> 0:03:23.480 tour or so years ago, so it's at the center 0:03:23.520 --> 0:03:24.520 of our company now. 0:03:25.280 --> 0:03:26.799 It hasn't panned out too well. 0:03:26.880 --> 0:03:29.960 Financially thus far. But investors are saying, hey, you know what, 0:03:30.080 --> 0:03:34.000 if you can clock ninety billion in bookings on cloud infrastructure, 0:03:34.360 --> 0:03:36.040 maybe Cerner doesn't matter so much. 0:03:36.760 --> 0:03:40.240 Well, for sure, markets thinking that Cerner doesn't matter so much. 0:03:40.320 --> 0:03:43.360 At the moment, we're up thirty five billion dollars on 0:03:43.400 --> 0:03:46.600 the day for Oracle and having its well currently training 0:03:46.640 --> 0:03:48.640 at the highest on record brody Ford breaking down the 0:03:48.680 --> 0:03:51.240 numbers for us, we appreciate it turning into the broader 0:03:51.280 --> 0:03:53.760 markets and look, it is not just Oracle at a 0:03:53.800 --> 0:03:54.600 new record high. 0:03:54.760 --> 0:03:55.440 We're across the. 0:03:55.360 --> 0:03:58.840 Board seeing money flowing into equities, into bonds. We're seeing 0:03:59.040 --> 0:04:00.920 S and P five hundred more than a percent point 0:04:00.960 --> 0:04:03.040 a new record high. Fifty four thirty eight is where 0:04:03.040 --> 0:04:05.720 we trade. The NASDAC also powering up one point eight percent. 0:04:06.120 --> 0:04:07.960 Why this is a macro story of the fact that 0:04:08.000 --> 0:04:10.600 CPI print showing a three point four percent year on 0:04:10.680 --> 0:04:14.320 year growth. Infration pressure is therefore the slowest in three years. 0:04:14.360 --> 0:04:17.239 The two year yield absolutely plummets some fifteen basis points. 0:04:17.320 --> 0:04:18.800 We're at four point six eight percent. 0:04:18.839 --> 0:04:20.720 As people start to factor in that, yes, we will 0:04:20.720 --> 0:04:24.480 get that rate cup come November, maybe even come September. 0:04:24.560 --> 0:04:27.640 We all wait for the Federal Reserve decision later on 0:04:27.640 --> 0:04:29.800 this afternoon. Bitcoin on the up and up. We're up 0:04:29.839 --> 0:04:32.279 more than four percent, sixty one hundred and fifty six. 0:04:32.920 --> 0:04:37.040 This paints a picture of risk on Sylvia Jabronski CEO 0:04:37.080 --> 0:04:40.599 and CIO at Defiance ETFs to really talk as to 0:04:40.600 --> 0:04:42.600 whether this is a wise decision right now. 0:04:43.760 --> 0:04:46.520 I hete Caroline, well, I think, you know, in terms 0:04:46.520 --> 0:04:49.880 of the Fed today and any potential cuts, I don't 0:04:50.000 --> 0:04:52.960 you know, I don't anticipate anything coming. I do think 0:04:52.960 --> 0:04:54.560 that the data was great, you know, you just kind 0:04:54.560 --> 0:04:57.440 of ran through it. Inflation is clearly on the downtrend. 0:04:57.440 --> 0:04:59.320 This is exactly what the FED wanted to see. It 0:04:59.360 --> 0:05:01.359 gives them that to certainly a breathe and to be 0:05:01.400 --> 0:05:03.760 a little bit less hawkish. But you know, if we 0:05:03.920 --> 0:05:06.760 take anything from fetshair pal, it's that he's looking for. 0:05:06.800 --> 0:05:08.480 More data before they make a decision. 0:05:08.560 --> 0:05:10.560 So I think, you know, the call will be a 0:05:10.600 --> 0:05:12.839 little bit of nine and won't crash the markets like 0:05:12.839 --> 0:05:15.040 it has in you know, a few months past, and 0:05:15.600 --> 0:05:16.960 so that's a good thing that we have some. 0:05:16.920 --> 0:05:21.480 Stability there, stability enough to continue to think technology is 0:05:21.520 --> 0:05:22.360 what leads us higher. 0:05:23.640 --> 0:05:25.560 I think that technology is going to continue to lead 0:05:25.640 --> 0:05:27.839 us higher. And you know the reason for that is 0:05:27.880 --> 0:05:30.320 that we're just in the beginning stages. 0:05:30.000 --> 0:05:33.000 Of this AI, you know, the Fourth Industrial Revolution. 0:05:33.520 --> 0:05:35.960 It's only now starting to play into the earnings of 0:05:36.000 --> 0:05:39.360 a lot of the you know mag five, six sevens 0:05:39.160 --> 0:05:42.440 that have been reporting this last quarter. 0:05:42.520 --> 0:05:43.680 So I think it's just in its. 0:05:43.520 --> 0:05:45.919 Infancy in terms of how it's going to impact revenues 0:05:45.920 --> 0:05:48.159 in the bottom line. And we haven't even started to 0:05:48.160 --> 0:05:51.240 talk about how AI is transforming healthcare, how it's going 0:05:51.279 --> 0:05:54.600 to transform you know, aerospace and defense, banking systems and 0:05:54.640 --> 0:05:57.120 things like this, and so the companies who are the 0:05:57.200 --> 0:06:00.320 key ingredients to that revolution are essentially the MAG seven 0:06:00.480 --> 0:06:01.679 So I think they keep going. 0:06:01.920 --> 0:06:04.160 And also, you know, look at the balance sheets. They're 0:06:04.200 --> 0:06:05.400 earning their multiples. 0:06:05.560 --> 0:06:08.520 Earnings projections are set to be about fourteen percent or 0:06:08.560 --> 0:06:10.880 higher for the next couple of years. So, you know, 0:06:11.160 --> 0:06:15.160 I think burning any major change in inflation, any geopolitical evvent, 0:06:15.760 --> 0:06:18.880 you know, politics, of course, I think tech is a 0:06:18.920 --> 0:06:21.320 safe place to play. 0:06:21.480 --> 0:06:24.679 Apple's a weird one, though, because we're not expecting double 0:06:24.680 --> 0:06:27.360 digit growth in revenue. In fact, the market is anticipating 0:06:27.360 --> 0:06:30.359 a three percent increase in revenue for the next fiscal 0:06:30.400 --> 0:06:33.520 coll to Soviet and yet they eclipsed Microsoft back is. 0:06:33.520 --> 0:06:36.960 The most valuable company and rallying an extraordinary twelve percent 0:06:36.960 --> 0:06:37.920 in the last couple of days. 0:06:39.200 --> 0:06:41.560 Yeah, and so Apple hasn't done anything though for a 0:06:41.600 --> 0:06:43.560 couple of years. And it's really interesting because when the 0:06:43.600 --> 0:06:46.120 whole you know, everything was kind of falling apart a 0:06:46.160 --> 0:06:48.200 couple of years ago in twenty twenty two, all the 0:06:48.200 --> 0:06:50.920 tech stocks were kind of you know, down and crashing 0:06:50.960 --> 0:06:54.200 at standpoint, and Apple was the name that was holding 0:06:54.279 --> 0:06:56.279 up the market. This year that shifted to the video 0:06:56.400 --> 0:06:57.800 and you know, here we are in the video is 0:06:57.800 --> 0:07:00.880 still up there and Apple has kind of regained It's 0:07:00.920 --> 0:07:03.520 set on the throne here, you know, next to the 0:07:03.560 --> 0:07:05.800 top players. And I think the story of there is 0:07:05.960 --> 0:07:08.880 you know, pick up in China and then also some 0:07:09.080 --> 0:07:11.400 talks of the AI integration and things like this they're 0:07:11.440 --> 0:07:13.240 finding on the map with that. We just hadn't heard 0:07:13.240 --> 0:07:15.840 anything compelling from them in a long time about that. 0:07:15.920 --> 0:07:17.680 But you know, the big stories and if you start 0:07:17.680 --> 0:07:20.880 getting upgrades on phones because actually this time they are 0:07:20.920 --> 0:07:22.880 different and they have that AI play and then pick 0:07:22.960 --> 0:07:24.840 up in China. You know, Pray deserves a little bit 0:07:24.880 --> 0:07:27.280 of a stock increase there. 0:07:27.480 --> 0:07:31.080 Can you talk us through some of the not just fundamentals, 0:07:31.120 --> 0:07:33.120 but technicals are gonna be at play. As we had 0:07:33.840 --> 0:07:36.040 head towards the end of the first half of the 0:07:36.120 --> 0:07:38.640 year and we get a rebalancing moment in June, we 0:07:38.680 --> 0:07:41.880 saw some big differences in shakeups in market capitalization. 0:07:42.480 --> 0:07:43.600 Where will money move? 0:07:43.680 --> 0:07:47.520 How will that continue to feed the biggest. 0:07:47.920 --> 0:07:51.720 Yeah, I think you know, when you have about ninety 0:07:51.760 --> 0:07:53.800 percent of the growth of you know, S and P 0:07:53.920 --> 0:07:56.400 five hundred coming from four or five names, and then 0:07:56.560 --> 0:07:58.320 you know forty percent of the growth coming from the 0:07:58.360 --> 0:08:01.120 next two behind it, I don't think actually that the 0:08:01.320 --> 0:08:03.240 that the you know, the rebounds will put it into 0:08:03.400 --> 0:08:05.080 into kind of rebalance. 0:08:05.160 --> 0:08:07.120 It'll it'll equalize it a little. 0:08:06.880 --> 0:08:09.520 Bit better on the next rebalance, but it's probably not 0:08:09.560 --> 0:08:11.320 going to change because the top market cap names are 0:08:11.320 --> 0:08:13.200 going to remain the top market cab names and they're 0:08:13.200 --> 0:08:15.920 going to end up leading the index forward. But you know, 0:08:16.080 --> 0:08:19.000 around that that type of you know, around that type 0:08:19.000 --> 0:08:20.880 of trading, when you're selling off a little bit of 0:08:20.880 --> 0:08:22.640 this and taking up a little bit of that, you know, 0:08:22.840 --> 0:08:24.520 you do get some market movement, but I just think 0:08:24.520 --> 0:08:27.160 that they're all they're going to remain the top players 0:08:27.160 --> 0:08:28.760 and there's probably not going to be a huge amount 0:08:28.800 --> 0:08:30.960 of impact from the rebounds coming up. 0:08:31.680 --> 0:08:34.280 Yeah, that all to do with perhaps the technology selects 0:08:34.280 --> 0:08:37.400 sector Spider much being written by boom Bag Intelligence, Sylvia. 0:08:37.440 --> 0:08:40.120 What about your own MtFs? Where's that performed? Where have 0:08:40.160 --> 0:08:40.679 the bets been? 0:08:40.800 --> 0:08:40.959 Right? 0:08:42.200 --> 0:08:44.320 Yeah, so o ours are in line with the market. 0:08:44.440 --> 0:08:48.760 So our two biggest you know, ETF plays or a 0:08:48.840 --> 0:08:52.320 ticker called five G and one called quantum, And essentially 0:08:52.320 --> 0:08:55.800 what they do is they represent AI machine learning and 0:08:55.840 --> 0:08:57.880 then all of the you know, widgets that go into 0:08:57.880 --> 0:09:01.600 supporting that. So five G is the activity technology factor 0:09:01.640 --> 0:09:02.080 of it all. 0:09:02.840 --> 0:09:03.640 You know, you need low. 0:09:03.520 --> 0:09:06.520 Latency obviously to process the data to make driver lest 0:09:06.559 --> 0:09:08.120 cars work and all of that. And you know, we 0:09:08.160 --> 0:09:10.360 don't talk about five G as much as we probably should. 0:09:10.679 --> 0:09:13.000 I think pretty assuming will be talking about sixty actually, 0:09:14.000 --> 0:09:16.640 and quantum is just like it's just benefiting because it's 0:09:16.640 --> 0:09:19.360 all the AI sucks, it's navidea, it's you know, it's 0:09:19.400 --> 0:09:21.760 all the kind of kind of home runs there that 0:09:21.800 --> 0:09:23.120 are lead leading that revolution. 0:09:23.200 --> 0:09:24.839 So that one's just been out of tear for us 0:09:24.840 --> 0:09:27.760 this year, and I believe they're not commodities too right. 0:09:27.800 --> 0:09:29.760 We've got to uranium play out there, and when you 0:09:29.800 --> 0:09:32.680 think about things like uranium and copper and just energy 0:09:32.679 --> 0:09:37.000 in general, the need to you know, process to run 0:09:37.040 --> 0:09:39.240 the goods for AI, those names. 0:09:39.080 --> 0:09:42.760 Play into cryptos. Att Yeah, I. 0:09:42.679 --> 0:09:44.480 Still like crypto, you know, I think it's becoming further 0:09:44.520 --> 0:09:47.160 and further commercialized. I think that there are enough of 0:09:47.320 --> 0:09:49.959 institutional retail players out there that are willing to allocate 0:09:49.960 --> 0:09:53.520 a small percentage of their assets to cryptocurrency. You know, 0:09:53.600 --> 0:09:57.600 it's starting, it's it at some point started to diverge 0:09:57.600 --> 0:10:00.439 from tech. Now it's playing along with tech again this week, 0:10:00.960 --> 0:10:01.920 but it seems. 0:10:01.640 --> 0:10:03.240 To be a forreholding and a lot of portfolios. 0:10:03.240 --> 0:10:06.199 Looks the Billison dollars that flew into the ETFs just 0:10:06.280 --> 0:10:07.720 tell me, tells me that it's around. 0:10:07.800 --> 0:10:11.000 It's around to stay ether and bitcoin in particular. 0:10:12.000 --> 0:10:14.040 Sylvia, it's great to have you back on the show. 0:10:14.280 --> 0:10:16.000 Thank you so much for spending some time with our 0:10:16.080 --> 0:10:19.360 CEO CEO at Defiance ETFs. Those on a tear in 0:10:19.360 --> 0:10:21.400 line with the market mean while coming up Musk's X 0:10:21.440 --> 0:10:23.480 platform gains among gop users. 0:10:23.840 --> 0:10:25.800 We're on that next for our own Kirk Wagner. 0:10:26.000 --> 0:10:29.360 Meanwhile, there is another company that is doing particularly well today. 0:10:29.360 --> 0:10:31.400 In fact, it has been for the last couple of days. 0:10:31.400 --> 0:10:34.680 This on a partnership with Apple. We understand a firm 0:10:34.760 --> 0:10:37.839 is extending its gains after that Apple Pay deal that 0:10:37.920 --> 0:10:40.200 by now pay later company said it's payment products were 0:10:40.240 --> 0:10:42.480 expected to be available in US Apple Pay. 0:10:42.360 --> 0:10:47.640 Users this year. We're up almost nine percent. This is BLUEBG. 0:10:47.320 --> 0:11:02.640 Technology time now for Talking Tech. First up, Paramount chair 0:11:02.800 --> 0:11:05.600 Sharry Redstone has walked away from a deal to sell 0:11:05.600 --> 0:11:08.040 her media empire to David Ellison, the son of The 0:11:08.040 --> 0:11:11.360 Oracle founder. Redstone rejected the latest proposal from Ellison's sky 0:11:11.480 --> 0:11:14.880 Dance on Tuesday after lengthy negotiations. Still there are other 0:11:14.880 --> 0:11:18.439 bidders waiting in the wings, including Apollo Global Management, Seagram's 0:11:18.440 --> 0:11:22.080 heir as Edgar Bronfman, and the independent film producer Stephen Paul. 0:11:22.800 --> 0:11:24.760 Plus a Byte Dance is calling about FO one hundred 0:11:24.800 --> 0:11:26.720 and fifty jobs in its Indonesian e. 0:11:26.600 --> 0:11:27.480 Commerce arm now. 0:11:27.480 --> 0:11:30.440 The move marks the first round of cuts since combining 0:11:30.480 --> 0:11:33.880 its TikTok shop with local rival Tocopedia in that was 0:11:33.880 --> 0:11:35.920 in January, according to people familiar with the matter of 0:11:35.960 --> 0:11:39.280 Bite Dancers reducing staff across its e commerce teams, including 0:11:39.320 --> 0:11:43.880 advertising and operations, and former President Donald Trump met with 0:11:44.000 --> 0:11:47.160 several bitcoin miners and is mar a Lago estate Tuesday night. 0:11:47.280 --> 0:11:49.760 That's according to the executive chairman of Queensbark. 0:11:50.160 --> 0:11:53.000 Trump told attendees that he loves script are currency, said 0:11:53.000 --> 0:11:55.719 it had been an advocate for miners if he retakes 0:11:55.920 --> 0:11:59.719 a White House. Now, staying in politics and with it, 0:12:00.160 --> 0:12:03.120 social media platform X formerly known as Twitter, of course, 0:12:03.280 --> 0:12:06.960 has now grown in popular popularity among conservative users now. 0:12:07.000 --> 0:12:09.240 According to a new PE research study, the number of 0:12:09.280 --> 0:12:12.800 Republican users have more than tripled since Elon Musk's purchase 0:12:12.880 --> 0:12:15.439 of the site back in October twenty twenty two, joining 0:12:15.520 --> 0:12:18.120 us now being mos Kurt Wagner and a surprise to. 0:12:18.160 --> 0:12:21.680 You, No, I don't think so. I think you know 0:12:21.720 --> 0:12:24.000 when you look at what this report came out with, 0:12:24.080 --> 0:12:27.480 this idea that X is becoming much more popular with 0:12:27.600 --> 0:12:30.600 the political right, it sort of confirms what I think 0:12:30.640 --> 0:12:33.439 we've all seen anecdotally for the last couple of years, right, 0:12:33.520 --> 0:12:36.440 and that's led by the new owner, of course, Elon Musk, 0:12:36.480 --> 0:12:39.520 who has been very vocal that the company he bought 0:12:39.559 --> 0:12:43.960 he thought was very left of center politically and that 0:12:44.000 --> 0:12:46.120 he wanted to move it more to the center and 0:12:46.160 --> 0:12:48.440 to the right. And it's also been you know, his 0:12:48.440 --> 0:12:52.280 own actions right reinstating President Trump, building relationships with other 0:12:52.400 --> 0:12:54.960 right wing kind of leaders around the world in Argentina 0:12:55.000 --> 0:12:56.960 and Brazil in places like that. So he's sort of 0:12:57.000 --> 0:12:59.800 setting the stage and setting the example, I would say, 0:13:00.120 --> 0:13:02.000 or you know, what he wants X to be. And 0:13:02.040 --> 0:13:04.400 we're seeing this in the numbers now that it's becoming 0:13:04.480 --> 0:13:08.160 much more popular with that you know, political politically conservative, 0:13:08.440 --> 0:13:09.840 conservative group of people. 0:13:10.600 --> 0:13:16.120 Therefore, are we seeing politically left of center exiting the platform. 0:13:16.720 --> 0:13:19.760 Yeah, well some are exiting, but more than that, you know, 0:13:19.800 --> 0:13:22.480 they're saying that they don't feel welcome. There was a 0:13:22.559 --> 0:13:26.320 higher spike in liberal people who were saying that they 0:13:26.320 --> 0:13:28.480 were more likely to be harassed or bullied on the 0:13:28.559 --> 0:13:32.240 service than those who were conservative. So it's sort of 0:13:32.320 --> 0:13:34.880 switched where. You know, for years, Caroline, as you remember, 0:13:35.160 --> 0:13:37.520 conservatives said, hey, Twitter isn't a place where I'm welcome. 0:13:37.559 --> 0:13:39.240 Twitter isn't a place where I can say what I 0:13:39.280 --> 0:13:41.880 want to say. You know, they didn't feel like it 0:13:41.920 --> 0:13:44.880 was their home, and it seems like those roles have 0:13:44.920 --> 0:13:47.600 reversed now. It feels like, you know, the data sort 0:13:47.600 --> 0:13:50.600 of suggests the conservatives believe that X is the place 0:13:50.640 --> 0:13:53.200 for them and liberals are feeling less and less welcome there. 0:13:53.600 --> 0:13:55.600 I just want to turn our attention to another one 0:13:55.840 --> 0:13:59.000 of you know, musk companies, SpaceX, and indeed his behavior 0:13:59.000 --> 0:14:01.280 there there's reporting is all coming from the Wall Street 0:14:01.320 --> 0:14:03.000 Journal Cut at the moment. I'm sure you've read the 0:14:03.000 --> 0:14:06.280 story Dan Elamsku has pursued women working at the company, 0:14:06.400 --> 0:14:10.840 apparently for sex, including a former intern, citing AffA David's 0:14:10.880 --> 0:14:14.200 signed by this woman and other interviews. What do you 0:14:14.240 --> 0:14:16.520 make of the reporting coming from the Wall Street Channel today. 0:14:17.880 --> 0:14:20.600 Yeah, I mean it's a bombshell of a story, and 0:14:20.720 --> 0:14:23.200 these allegations are quite serious, right as you point out 0:14:23.200 --> 0:14:26.760 that that Elon, while running this company was seeking relationships, 0:14:26.920 --> 0:14:29.800 sometimes sexual relationships with women who were his subordinates. 0:14:29.800 --> 0:14:30.800 And I think, you. 0:14:30.760 --> 0:14:34.720 Know, it certainly creates these questions about the power dynamics 0:14:34.760 --> 0:14:37.800 of Elon's companies, and not just Space sex, but I 0:14:37.800 --> 0:14:39.880 think it raises questions about all the companies that he's 0:14:39.920 --> 0:14:43.080 running right now, and you know, is he abusing sort 0:14:43.080 --> 0:14:45.840 of his role as the leader, the executive, the person 0:14:45.920 --> 0:14:49.800 with the power to you know, create these relationships and 0:14:50.760 --> 0:14:53.240 you know, these are all again allegations at this point. 0:14:53.240 --> 0:14:56.720 Obviously the reporting looks like it's pretty solid, but I 0:14:56.840 --> 0:14:59.320 just think again, it raises these questions for his other 0:14:59.320 --> 0:15:01.920 companies and also for you know, Tesla right now they're 0:15:01.920 --> 0:15:03.560 about to have a big vote of course on his 0:15:03.640 --> 0:15:06.000 pay package and stuff. You wonder how much any of 0:15:06.080 --> 0:15:08.960 this type of negative press around him could have an 0:15:08.960 --> 0:15:12.240 impact on what happens to him in his other is 0:15:12.280 --> 0:15:13.880 other companies in the Elon universe. 0:15:14.680 --> 0:15:17.160 Wow, you point us forward, Kirk Wagner. We thank you 0:15:17.320 --> 0:15:27.160 very much. Indeed, on all things Eno Muscular Time now 0:15:27.200 --> 0:15:30.480 for a weekly AI and Action segment. Today, we're looking 0:15:30.520 --> 0:15:34.200 at artificial intelligence in the workplace. Now, only seven percent 0:15:34.200 --> 0:15:37.480 of organizations have mature AI implementations. 0:15:38.000 --> 0:15:39.840 Their employees are three times. 0:15:39.640 --> 0:15:43.040 More likely to report productivity gains from using AI and work. 0:15:43.320 --> 0:15:45.120 That's one of the key highlights from a great new 0:15:45.120 --> 0:15:47.680 report coming from Asana. It's all about the impact of 0:15:47.720 --> 0:15:49.400 AI in the workplace, and we're going to bring in 0:15:49.480 --> 0:15:53.000 Asana's head of AI, Page Costello for more on the findings, 0:15:53.120 --> 0:15:55.320 and actually what took me by surprise is people are 0:15:55.680 --> 0:15:58.160 feeling more optimistic about using it in the workplace. 0:15:59.480 --> 0:16:03.880 Absolutely, Executives are very excited, and all the individual contributors 0:16:03.960 --> 0:16:06.400 are also starting to use it quite a bit more. 0:16:06.440 --> 0:16:09.120 One of the biggest things we saw is that more 0:16:09.160 --> 0:16:13.080 than half of knowledge workers report that they're using Generative 0:16:13.080 --> 0:16:13.880 AI weekly. 0:16:14.160 --> 0:16:16.760 That's up thirty six percent in just six months. 0:16:17.040 --> 0:16:20.200 How productive is it making them? What sort of gains 0:16:20.200 --> 0:16:22.200 are those that are being early adopters seeing. 0:16:23.160 --> 0:16:23.640 Yeah, well, we. 0:16:23.680 --> 0:16:26.080 See that the people who use it daily report the 0:16:26.120 --> 0:16:29.480 highest productivity gains. Eighty nine percent of people who use 0:16:29.520 --> 0:16:31.920 it daily, so that they're seeing those gains, and only 0:16:32.000 --> 0:16:34.280 thirty nine percent of people who use it monthly see 0:16:34.320 --> 0:16:36.400 those games. So we know that the more you use it, 0:16:36.440 --> 0:16:37.560 the more value you get. 0:16:37.400 --> 0:16:37.880 Out of it. 0:16:38.200 --> 0:16:41.880 Now, there's perhaps some sort of nervousness still. Certainly, if 0:16:41.920 --> 0:16:44.480 you're a student, for example, using it, you're in many 0:16:44.480 --> 0:16:46.920 ways getting a pushback from those that teach you. What 0:16:47.000 --> 0:16:49.440 about in the workplace and people feeling that you're cutting 0:16:49.440 --> 0:16:51.360 corners all that, actually this is the way you should 0:16:51.400 --> 0:16:51.800 be working. 0:16:52.920 --> 0:16:56.480 Yeah, it's up to organizations leaders to really improve AI 0:16:56.520 --> 0:16:59.840 literacy and create a norm and set of expectations about 0:17:00.040 --> 0:17:02.560 how to use AI. This is a big gap where 0:17:02.560 --> 0:17:05.520 a lot of people aren't receiving training or guidance. Most 0:17:05.640 --> 0:17:09.200 organizations don't have a rollout strategy for how to train 0:17:09.240 --> 0:17:11.960 their employees at onboarding, how to really set up their 0:17:12.080 --> 0:17:16.240 organizations to roll out which vendors and make selections about 0:17:16.240 --> 0:17:17.160 how to get the most. 0:17:17.000 --> 0:17:17.520 Out of AI. 0:17:17.840 --> 0:17:19.640 People want to know that they're using it the right 0:17:19.680 --> 0:17:22.400 way and that they're going to be supported and celebrated 0:17:22.440 --> 0:17:24.080 for using AI for good. 0:17:24.480 --> 0:17:29.600 Why is that infrastructure perhaps not being built around the 0:17:29.640 --> 0:17:32.800 employee basis quickly? Is it nervousness on doing it right 0:17:32.880 --> 0:17:34.919 and with the right guard wails? Is it just a 0:17:35.000 --> 0:17:36.040 lack of knowledge from the top? 0:17:37.320 --> 0:17:40.080 I think there's a bit of curiosity about like do 0:17:40.119 --> 0:17:42.960 we have safe and reliable AI? Is it going to 0:17:43.440 --> 0:17:46.400 give us the right decisions that we can make from 0:17:46.440 --> 0:17:49.679 the data that we're getting. But honestly, I believe that 0:17:49.800 --> 0:17:53.280 a good deal of this is purely uncertainty about what 0:17:53.359 --> 0:17:55.480 it takes to. 0:17:54.840 --> 0:17:55.879 Be a newbie. 0:17:55.960 --> 0:17:59.119 A lot of these organizations and leaders are themselves learning 0:17:59.440 --> 0:18:01.520 and trying to create a plan while learning. At the 0:18:01.520 --> 0:18:05.040 same time, when the terrain is changing so quickly, it's 0:18:05.200 --> 0:18:06.159 really challenging. 0:18:06.760 --> 0:18:09.160 The reason Asana can do this sort of deep dive 0:18:09.200 --> 0:18:12.040 research is because you're a work management platform. You're helping 0:18:12.040 --> 0:18:15.880 companies Team Mobile for example Amazon, manage their own workflows 0:18:15.920 --> 0:18:18.359 and executives therein How are. 0:18:18.280 --> 0:18:20.880 You using it? How are you using it for your 0:18:20.920 --> 0:18:21.560 clients too? 0:18:22.680 --> 0:18:24.960 Yeah, well, I would say a few things. 0:18:25.080 --> 0:18:25.280 One. 0:18:25.480 --> 0:18:28.760 AI literacy is a priority for our organization. We want 0:18:28.800 --> 0:18:31.240 to make sure every employee knows how to use AI 0:18:31.320 --> 0:18:33.400 and how to get the most benefits for their teams. 0:18:33.720 --> 0:18:36.600 We have an AI council that thinks creatively about what 0:18:36.640 --> 0:18:38.360 are the tools that we need to use and how 0:18:38.400 --> 0:18:42.360