WEBVTT - Musk Says Grok To Make Tesla Debut 0:00:02.759 --> 0:00:13.320 Bloomberg Audio Studios, podcasts, radio news. Bloomberg Tech is alive 0:00:13.360 --> 0:00:17.160 from coast to coast with Caroline Hide in New York 0:00:17.440 --> 0:00:20.600 and Eva Though in San Francisco. 0:00:21.880 --> 0:00:23.599 This is Bloomberg Tech coming up. 0:00:23.680 --> 0:00:27.280 Elon Musk's AI startup Xai is rolling out Grock four 0:00:27.600 --> 0:00:30.920 and it will be coming to Tesla vehicles quote very soon. 0:00:31.400 --> 0:00:34.760 Plus Graylock partner and LinkedIn co founder Reid Hoffman wis 0:00:34.760 --> 0:00:36.120 in on the AI talent wars. 0:00:36.280 --> 0:00:39.479 Why hundreds of millions for salaries is not crazy? 0:00:40.400 --> 0:00:43.120 And Varda's Space raises one hundred and eighty seven million 0:00:43.159 --> 0:00:46.680 dollars in a series funding to produce medicines in low 0:00:46.880 --> 0:00:50.320 Earth orbit. But first we check in on these markets 0:00:50.360 --> 0:00:53.000 that just pull back from those near term highs. 0:00:53.040 --> 0:00:54.960 Again, we're actually bouncing off of our lows. 0:00:55.000 --> 0:00:57.720 We're seeing the Nasdaq one only four tenths percent had 0:00:57.760 --> 0:00:58.200 sold off. 0:00:58.240 --> 0:00:58.440 More. 0:00:58.600 --> 0:01:00.160 We've got a big bond cell today. 0:01:00.160 --> 0:01:02.320 That's a test of appetite on the long end of 0:01:02.320 --> 0:01:04.240 the curve, and that a lot has been dictating what's 0:01:04.240 --> 0:01:06.959 happening in the equity markets. We take a pause amid 0:01:07.040 --> 0:01:09.280 the ongoing barrage of news when it comes to Taris 0:01:09.319 --> 0:01:11.520 Brazil the latest in the line of fire. But we're 0:01:11.520 --> 0:01:13.960 looking at cryptos still catching a bid. So because this 0:01:14.080 --> 0:01:16.960 were one hundred and eleven thousand, we exceeded one hundred 0:01:16.959 --> 0:01:19.600 and twelve thousand yesterday. So this asset of choice at 0:01:19.640 --> 0:01:22.200 the moment is up more than twenty percent year to date. 0:01:22.280 --> 0:01:24.080 Move on, have a look at some of the individual 0:01:24.120 --> 0:01:25.039 moves that dictate the. 0:01:25.000 --> 0:01:25.600 Move of travel. 0:01:25.600 --> 0:01:27.600 And then as that one hundred in videos off by 0:01:27.640 --> 0:01:30.360 three ten percent, coming off of that all time high 0:01:30.440 --> 0:01:32.560 that we on an intry day basis hit yesterday of 0:01:32.640 --> 0:01:34.280 four trillion dollars, we pulled down. 0:01:34.360 --> 0:01:36.040 So therefore than aw's that one hundred poorly. 0:01:35.920 --> 0:01:38.920 Lower TSMC, though actually the ADRs are in the red. 0:01:39.240 --> 0:01:41.520 But more broadly, Alyss is saying that the latest June 0:01:41.560 --> 0:01:45.080 numbers on sales will then being hit more by FX woes. 0:01:45.480 --> 0:01:48.000 This is a strong set of numbers coming from the 0:01:48.040 --> 0:01:51.120 AI demand and Apple and in video demand for the 0:01:51.200 --> 0:01:54.480 chip making juggernaut that is TSMC, and I'm looking at 0:01:54.480 --> 0:01:56.200 Tesla up three percent. 0:01:56.360 --> 0:01:58.400 In excess of this is as we get. 0:01:58.240 --> 0:02:01.040 Not only hints fromine on Mask on his platform X 0:02:01.080 --> 0:02:03.920 that we'll see Robotaxi coming out in California in San 0:02:04.000 --> 0:02:08.520 Francisco relatively soon. But also Grock four, the announcement of 0:02:08.560 --> 0:02:11.720 the chatbot of course that was showed off yesterday, also. 0:02:11.639 --> 0:02:13.680 Coming at Tesla in the near term. 0:02:13.840 --> 0:02:16.680 Let's dig into that with Jackie Devolas and Jackie this 0:02:16.760 --> 0:02:20.079 really is moving to stop people anticipating what grop for 0:02:20.240 --> 0:02:22.480 in the chat bolt could do when you're in the car. 0:02:23.639 --> 0:02:27.840 That's exactly right, And because with Grock four, Musk actually 0:02:28.000 --> 0:02:33.240 presented these two new models kind of as a breakdown 0:02:33.240 --> 0:02:36.600 of the release. It had grock four and grock four Heavy, 0:02:36.720 --> 0:02:40.320 and the ladder is really the company's this multi agent 0:02:41.000 --> 0:02:44.440 version that offers this advanced performance. Musk said that GROK 0:02:44.480 --> 0:02:47.480 Heavy could actually deploy multiple agents to work on a 0:02:47.560 --> 0:02:50.040 problem and that they can all compare the work almost 0:02:50.040 --> 0:02:53.079 like a study group. And it's said that Grock four 0:02:53.120 --> 0:02:57.240 actually shows frontier level performance on several benchmarks. So this 0:02:57.280 --> 0:03:00.280 is a really exciting moment for the company, especially when 0:03:00.320 --> 0:03:02.840 you think about just kind of what a tumultuous week 0:03:02.960 --> 0:03:03.480 it has. 0:03:03.360 --> 0:03:08.679 Been for x and XAI. But as for Tesla drivers. 0:03:08.240 --> 0:03:10.760 You know, this has been kind of something that's been 0:03:10.919 --> 0:03:16.360 teased and really anticipated just given how intense these AI 0:03:16.440 --> 0:03:19.400 wars are coming, and the more applications we can find 0:03:19.440 --> 0:03:22.240 for them, companies are really eager to find ways to 0:03:22.240 --> 0:03:22.880 monetize that. 0:03:23.919 --> 0:03:27.200 Precisely, many have seen the intertwining of x and XAI, 0:03:27.360 --> 0:03:29.400 and then at some point ad Or Musk even saying 0:03:29.400 --> 0:03:33.200 maybe Tesla should invest in Xai more broadly because of 0:03:33.200 --> 0:03:35.920 the dividends that will pay for the company. Remind us 0:03:35.960 --> 0:03:38.680 of the tumultuous nature of this week, though, because we 0:03:38.800 --> 0:03:42.440 have glock Falls unveiling hot on the heels of some 0:03:42.520 --> 0:03:47.040 pretty difficult content that it was spewing out across the platform. 0:03:46.440 --> 0:03:50.280 That's right, and you know it was related to some 0:03:50.440 --> 0:03:55.560 replies to user posts that those replies had anti Semitic tropes, 0:03:56.560 --> 0:04:00.560 it was glorifying Adolf Hitler in some others, and XAI 0:04:00.680 --> 0:04:04.240 the company was forced to remove these inappropriate posts, and 0:04:04.320 --> 0:04:07.280 the company also acknowledged that, you know, they should n't 0:04:07.280 --> 0:04:07.880 have been up there. 0:04:07.880 --> 0:04:09.480 But Musk himself kind of. 0:04:09.480 --> 0:04:16.680 Almost avoided explicitly referring to them, but just said that quote, 0:04:16.680 --> 0:04:17.800 we need to make sure. 0:04:17.640 --> 0:04:20.599 That AI is good AI. And he he said that 0:04:20.640 --> 0:04:21.600 on Wednesday night, so. 0:04:21.560 --> 0:04:25.720 Of course, probably referring to some of those posts in 0:04:25.800 --> 0:04:29.359 advance of this release because of course, as he's about 0:04:29.400 --> 0:04:33.080 to release the latest and greatest model, the top question 0:04:33.200 --> 0:04:36.080 for users broadly is how do we know that this 0:04:36.200 --> 0:04:38.279 isn't just going to spew similar content? And then of 0:04:38.320 --> 0:04:42.800 course Linda Yakarino stepping down as CEO of x so 0:04:42.960 --> 0:04:45.240 there's a lot going on at x and XAI. But 0:04:45.760 --> 0:04:48.880 you know this, this latest news that Tesla might have 0:04:48.960 --> 0:04:52.520 this latest model is pretty exciting for people out there. 0:04:52.520 --> 0:04:55.080 And helps it inchback on some of the losses experience 0:04:55.200 --> 0:04:58.039 earlier in the week because of that ongoing feud between 0:04:58.120 --> 0:05:01.359 Elo Musk and President Trump. A caudivolous with all the 0:05:01.400 --> 0:05:04.279 laatest on groc four. We so appreciate it. Meanwhile, China's 0:05:04.320 --> 0:05:07.640 Huawei is trying to export its AI chips to the 0:05:07.640 --> 0:05:10.680 Middle East and Southeast Asia to establish a foothold in 0:05:10.760 --> 0:05:15.520 markets dominated by Nvidia's despite ongoing manufacturing challenges for Huawei. 0:05:15.760 --> 0:05:18.160 It's all according to sources our own ed Ludlow is 0:05:18.160 --> 0:05:20.040 standing by in Sun Valley and I. 0:05:19.960 --> 0:05:22.200 Want to dig into this with un because it's just 0:05:22.240 --> 0:05:25.280 a small quantity of the chips we understand thus far 0:05:25.600 --> 0:05:27.279 tentatively going to these places. 0:05:30.120 --> 0:05:33.640 Yeah, low volumes, targeting Saudi Arabia and UAE in the 0:05:33.680 --> 0:05:36.760 goal for then Malaysia, in Thailand in Southeast Asia. But 0:05:36.880 --> 0:05:39.200 what our reporting tells us, and what our sources are 0:05:39.200 --> 0:05:42.800 informing us of, is that Huawei wants to give access 0:05:42.839 --> 0:05:46.839 to nine ten B prior older generation AI Accelerator card 0:05:47.279 --> 0:05:50.200 so that customers in those regions can experience the technology 0:05:50.480 --> 0:05:52.800 and then maybe in the long run look more deeply 0:05:52.839 --> 0:05:55.760 at what Huawei has to offer. Completely right, that it's 0:05:55.800 --> 0:05:58.919 low volumes in the thousands is what we're reporting, and 0:05:59.000 --> 0:06:02.080 Huawei is supply constrained, it has a manufacturing cap and 0:06:02.080 --> 0:06:05.600 what it's able to produce. But of course this is 0:06:05.680 --> 0:06:09.240 politically difficult as well. It looks like this is Huawei 0:06:09.320 --> 0:06:11.440 going out to the market and that there isn't actually 0:06:11.440 --> 0:06:12.880 that much reciprocal interest. 0:06:13.160 --> 0:06:14.680 Saudi Arabia, based. 0:06:14.400 --> 0:06:17.080 On our reporting, seems the most likely to look at 0:06:17.120 --> 0:06:21.719 those prior generationships. Saudi has a long standing relationship with Huawei, 0:06:21.760 --> 0:06:23.880 but has also said that if America turned around and 0:06:24.000 --> 0:06:27.120 was like, you're not doing business there, then Saudi cooperates. 0:06:27.120 --> 0:06:30.760 So it's a dynamic situation. But Huawei flexing its muscles 0:06:30.760 --> 0:06:31.560 a little, and. 0:06:31.640 --> 0:06:34.200 Some dynamic conversations you're having over there in some valley. 0:06:34.279 --> 0:06:38.760 How much has everyone been focused in on China US relations? 0:06:38.800 --> 0:06:41.960 And indeed the big four trillion number hit by Nvidio yesterday. 0:06:44.560 --> 0:06:48.520 Yeah, I mean, geopolitics and trade are common conversations here. 0:06:48.640 --> 0:06:50.360 You expect that, right. 0:06:50.440 --> 0:06:52.240 You have some of the CEOs of the world's largest 0:06:52.240 --> 0:06:55.480 technology companies here who do a lot of business across borders. 0:06:56.080 --> 0:06:59.640 Scott Besson, the Treasury Secretary, made a presentation there was 0:06:59.680 --> 0:07:02.680 a model rated Q and A late yesterday morning where 0:07:03.200 --> 0:07:05.120 he took questions from the audience. Some of those questions 0:07:05.160 --> 0:07:06.600 related to tariffs and trade. 0:07:07.320 --> 0:07:08.000 He also kind of. 0:07:07.920 --> 0:07:10.640 Gave his kind of longer term view on the global 0:07:10.680 --> 0:07:14.040 economy and on in video. Four trillion. Sure, you know, 0:07:14.080 --> 0:07:16.600 it's kind of like a market moment in history. What's 0:07:16.640 --> 0:07:18.800 so interesting? And it was part of the conversation that 0:07:19.120 --> 0:07:22.120 I had with both Reid Hoffman and Steve Pauuka last night, 0:07:22.160 --> 0:07:23.640 which I think we'll play a bit of later in 0:07:23.680 --> 0:07:26.880 the show. Is four trillion just the beginning? And they 0:07:26.920 --> 0:07:31.080 would argue, yes, it is, because it even though the 0:07:31.120 --> 0:07:34.200 cost of inference is coming down, it's in video that 0:07:34.240 --> 0:07:36.720 still has a hold on that and that market and 0:07:37.280 --> 0:07:39.360 there is more room to run because you have frontier 0:07:39.360 --> 0:07:42.840 models like you just discussed with Jackie Davilos on Grock four. 0:07:43.120 --> 0:07:46.160 But there are other vertical models, very specific use case 0:07:46.200 --> 0:07:50.560 models where we're just getting started in the development process. 0:07:50.600 --> 0:07:51.880 So I found that really interesting. 0:07:52.160 --> 0:07:53.760 Ed Ladlow will be going back to you and some 0:07:53.760 --> 0:07:55.840 of your conversations at the Allen and Co. 0:07:56.040 --> 0:07:57.280 Event. Thanks so much. 0:07:57.800 --> 0:08:01.320 Now, look, let's stick with tech chips and in video 0:08:01.360 --> 0:08:05.280 being the winning formula with epek Oskodeshka of Swiss quote 0:08:05.320 --> 0:08:06.960 and it feels as though you probably are going to 0:08:07.000 --> 0:08:10.640 echo what Steve paal Yuka, what read Hoffman, what Ed's 0:08:10.680 --> 0:08:12.320 just been saying that we're just at the beginning with 0:08:12.360 --> 0:08:13.400 this four trillion number. 0:08:14.800 --> 0:08:18.760 I mean, definitely, the numbers are not surperviising right now, 0:08:18.800 --> 0:08:22.440 and when you're looking at the valuation basis, Nvidia is 0:08:22.480 --> 0:08:24.960 not necessarily much more expensive today than. 0:08:24.840 --> 0:08:25.800 It was a year ago. 0:08:25.880 --> 0:08:29.240 The pe ratio is totally acceptable, is around fifty two, 0:08:29.400 --> 0:08:31.800 but with the upcoming earnings, we think that's going to 0:08:31.840 --> 0:08:35.640 be pulled back to a low forties and four trillion number. 0:08:35.760 --> 0:08:39.800 It incorporates not only what MVDA achieved so far. Obviously, yes, 0:08:39.880 --> 0:08:44.240 but also what it will be achieving and their proactively 0:08:44.360 --> 0:08:48.839 searching clients and expanding their client book to other continents 0:08:49.120 --> 0:08:52.079 and to other sectors like robotics is very interesting. We 0:08:52.200 --> 0:08:54.960 actually think that robotics is going to be the next 0:08:55.000 --> 0:08:59.360 big milestone because giving AI hands, feet, and a body 0:08:59.400 --> 0:09:01.360 is just going to be amazing. We're just at the 0:09:01.400 --> 0:09:05.120 beginning of this AI revolution is just so exciting. 0:09:04.760 --> 0:09:06.199 And other companies benefit too. 0:09:06.240 --> 0:09:08.439 We think of TSMC, which is the chip maker of 0:09:08.520 --> 0:09:11.599 choice Foreign Video their numbers once again according to the 0:09:11.640 --> 0:09:14.760 Bloomberg Mathematics it is about thirty nine percent increase in 0:09:14.800 --> 0:09:18.160 revenue in the previous quarter just gone epec how much 0:09:18.280 --> 0:09:21.520 we likely to see other chip makers really fueled higher. 0:09:21.559 --> 0:09:24.840 AMD doing well today on the back of it, well, 0:09:24.840 --> 0:09:25.679 we have been. 0:09:25.679 --> 0:09:29.320 Quite positive for AMD hasn't done perfectly well over the 0:09:29.360 --> 0:09:33.520 past few months. Now it is back to the bullish consolidation. 0:09:33.760 --> 0:09:38.080 So now we think that companies AMD alternatis are cheaper versions. 0:09:38.120 --> 0:09:41.600 Will be quite interesting when the AI adoption is going 0:09:41.679 --> 0:09:44.520 to go wider because companies, some companies will be looking 0:09:44.520 --> 0:09:47.800 for these cheaper alternatives. This thing said, MVD is not 0:09:47.960 --> 0:09:51.560 only offering chips, they're offering ecosystem, and this is where 0:09:51.640 --> 0:09:54.679 MVDA is still beating this competition. This is why probably 0:09:54.720 --> 0:09:57.280 we see the growth and an a in AMD and 0:09:57.440 --> 0:10:00.840 investor interest in AMD remain quite though, but we think 0:10:00.840 --> 0:10:02.840 that AMD's time will come. 0:10:03.240 --> 0:10:06.439 Both AMD and Nvidia still want to have a presence 0:10:06.480 --> 0:10:09.840 in China as an end market, and actually there's reporting 0:10:09.880 --> 0:10:13.560 that Jenson Wang is going out to China very soon 0:10:13.679 --> 0:10:16.200 because he wants to be making yet another specific chip 0:10:16.200 --> 0:10:18.840 that is allowed to be exported. How much is that 0:10:18.920 --> 0:10:22.000 a headwind for you or indeed a long term tailwind 0:10:22.080 --> 0:10:24.280 whether or not they will have access to this market. 0:10:25.840 --> 0:10:28.800 Well, China is a very sensitive as a politically and 0:10:28.960 --> 0:10:33.120 a geopolitical sensitive market, so when Nvidia goes into that market, 0:10:33.200 --> 0:10:35.520 we know that the risk on that specific. 0:10:35.200 --> 0:10:36.160 Segment is higher. 0:10:36.520 --> 0:10:40.800 But the company's efforts in expanding beyond China and the 0:10:40.880 --> 0:10:43.640 US markets like Europe for example, and Middle East, which 0:10:43.679 --> 0:10:47.280 do have deep pockets and very big potential, actually delutes 0:10:47.320 --> 0:10:50.160 the risk of while not doing business in China, we 0:10:50.240 --> 0:10:53.720 think that China is still worth trying. As Jensen Huang says, 0:10:54.120 --> 0:10:57.360 it's not necessarily a good idea to completely ben chips 0:10:57.400 --> 0:11:00.000 from China because it will only push them to do better. 0:11:00.480 --> 0:11:01.880 So I think that China is. 0:11:01.920 --> 0:11:04.360 Still interesting market. But if the risk could. 0:11:04.200 --> 0:11:07.120 Be diluted like MVDA is doing today, then it's going 0:11:07.160 --> 0:11:09.400 to be only a tailwind rather than a headwind. 0:11:10.400 --> 0:11:12.760 Just putting it in the context, and your note does 0:11:12.800 --> 0:11:15.040 this so well for us Epek, I love reading them. 0:11:15.080 --> 0:11:18.480 That basically in video is up one thousand percent since 0:11:18.640 --> 0:11:22.560 CHATCHIBT came to all of US AI general to AI 0:11:22.720 --> 0:11:24.160 was put in yours in my hands. 0:11:24.920 --> 0:11:26.720 How much your client's. 0:11:26.400 --> 0:11:28.480 Bulking at the fact that we have seen this run. 0:11:28.679 --> 0:11:32.199 I know you talk about the pes actually big, relatively appetizing. 0:11:32.440 --> 0:11:35.000 We are at a technically overbought level, though if you're 0:11:35.000 --> 0:11:38.040 looking at the RSI, well yes. 0:11:37.880 --> 0:11:41.599 In the short one, we are at overbought markets conditions, 0:11:41.600 --> 0:11:44.160 meaning that NVDA stocks may have been built too quickly 0:11:44.200 --> 0:11:46.840 in a too short period of time. But what investors 0:11:46.880 --> 0:11:50.160 look with Nvidia is not necessarily the short term dynamics 0:11:50.200 --> 0:11:53.680 and short term indicators. They actually do have this very 0:11:53.760 --> 0:11:57.480 long term perspective on what Nvidia will be involved in 0:11:57.480 --> 0:12:00.480 in the next decade. Nvidia is a company that is 0:12:00.520 --> 0:12:02.880 going to be at the heart of AI and robotics, 0:12:02.920 --> 0:12:04.000 for the next decade. 0:12:04.120 --> 0:12:05.680 So if the price is over. 0:12:05.840 --> 0:12:11.880 Today, it is not necessarily a major significant downside correction. 0:12:13.200 --> 0:12:15.439 Downside correction potential for the long term. 0:12:15.440 --> 0:12:20.880 Investors are really looking at what Nvidia will mean in two, three, five, 0:12:21.000 --> 0:12:23.720 ten years from now, and when you look at that perspective, 0:12:24.000 --> 0:12:26.120 the company still has so much to offer. 0:12:26.559 --> 0:12:30.240 We've talked about Asian companies TSMC, for example, you're sat 0:12:30.320 --> 0:12:33.400 in Switzerland. We've got a European tech show recently launched 0:12:33.440 --> 0:12:36.200 as well. How much are you thinking about the European 0:12:36.200 --> 0:12:39.079 opportunity here? Are there any names other than the ASML 0:12:39.160 --> 0:12:40.679 that have been coming to light when it comes to. 0:12:40.600 --> 0:12:43.760 AI, Well, we do have a couple of names. 0:12:43.760 --> 0:12:47.199 We obviously don't have names like you do in the US, 0:12:47.240 --> 0:12:51.280 like Facebook, Meta, Amazon. So what's going to be interesting 0:12:51.360 --> 0:12:53.920 in Europe in terms of AI, I think is going 0:12:53.960 --> 0:12:58.720 to be more specific models, sectors specific models, business specific models, 0:12:58.720 --> 0:13:01.240 so that they can find the data that they need 0:13:01.280 --> 0:13:04.080 in order to train these models. We do not have 0:13:04.200 --> 0:13:08.320 these huge AI labs, these huge platforms that could help 0:13:08.520 --> 0:13:10.800 building these models. So it's going to be a very 0:13:10.840 --> 0:13:14.240 different play in Europe, and European companies will be going 0:13:14.440 --> 0:13:18.640 case by case and they will be building smaller, more 0:13:18.679 --> 0:13:23.760 specific models in order to benefit from AI's AI benefits. 0:13:23.840 --> 0:13:27.199 So it's going to be very different landscape of AI 0:13:27.280 --> 0:13:29.520 when you're looking at Europe, rather than what we see 0:13:29.520 --> 0:13:29.800 in the. 0:13:29.840 --> 0:13:32.800 US today, the world wide big. 0:13:32.559 --> 0:13:35.160 Companies reaching out to everyone. I think it's going to 0:13:35.200 --> 0:13:37.560 be much more B to B business based. 0:13:38.320 --> 0:13:41.120 Ibek PSKODESHKAA great to have some time with you a 0:13:41.200 --> 0:13:41.920 Swiss code. 0:13:42.080 --> 0:13:42.880 We appreciate it. 0:13:43.360 --> 0:13:46.080 Like coming up Prime Day, it enters its third day 0:13:46.120 --> 0:13:48.959 of deals. People want anything, yet it'll take a look 0:13:48.960 --> 0:13:51.000 at whether it's managing to entice shoppers. 0:13:51.559 --> 0:13:52.480 This is Blue Bag Tech. 0:14:07.800 --> 0:14:10.520 We're really pleased by the engagement that we're getting from 0:14:10.520 --> 0:14:13.079 our customers and our members. Not only is the event 0:14:13.280 --> 0:14:15.680 twice as long, so four days, as you mentioned, but 0:14:15.760 --> 0:14:18.720 we're also offering more than double the number of deals 0:14:18.760 --> 0:14:21.960 that are fifty percent off or more. That's striving engagement 0:14:21.960 --> 0:14:23.440 across the millions of deals we have. 0:14:23.480 --> 0:14:24.480 In thirty five categories. 0:14:24.560 --> 0:14:25.800 So we're really pleased. 0:14:25.840 --> 0:14:26.600 But it's very early. 0:14:26.640 --> 0:14:31.240 Of course, Amazon Prime Vice President Jamil Ghani there weighing 0:14:31.280 --> 0:14:34.400 in on the early numbers trickling in yesterday. Let's get 0:14:34.400 --> 0:14:36.960 an update now, with Bluemberg Spenser Sopa on day three 0:14:37.240 --> 0:14:40.280 of Prime Day. How hard is it to really discern 0:14:40.320 --> 0:14:41.640 whether this is going well or not? 0:14:41.760 --> 0:14:44.720 Spencer, Yes, it's very tricky. 0:14:44.760 --> 0:14:47.360 You know, you're comparing a two day event last year 0:14:47.440 --> 0:14:49.880 last year to a four day event this year. Amazon's 0:14:49.880 --> 0:14:52.440 experiment is like, hey, what if we kind of slow 0:14:52.480 --> 0:14:54.600 the sales cadence down a little bit but spread it 0:14:54.640 --> 0:14:56.760 over a longer period of days, will that be. 0:14:56.720 --> 0:14:57.440 Better for us? 0:14:57.640 --> 0:14:59.640 And that's the experiment, So that's where these next two 0:14:59.680 --> 0:15:02.200 days are really going to be critical. Can Amazon kind 0:15:02.240 --> 0:15:06.760 of sustain this kind of more muted momentum over four 0:15:06.840 --> 0:15:09.160 days or do people just trail off? So that's really 0:15:09.200 --> 0:15:11.800 what we're what we're looking to see on days three 0:15:11.800 --> 0:15:12.120 and four. 0:15:12.240 --> 0:15:16.720 I mean talking to momentum. Momentum Commerce was an advisor 0:15:16.760 --> 0:15:20.040 that you went to on a data analysis service that 0:15:20.160 --> 0:15:22.680 seems to be showing that the numbers were pretty poor 0:15:22.680 --> 0:15:23.680 at the start of things. 0:15:24.960 --> 0:15:28.080 Yeah, and again let's emphasize that was the first day 0:15:28.160 --> 0:15:30.520 of what is now a four day event as opposed 0:15:30.520 --> 0:15:32.120 to the first day last year when it was a 0:15:32.120 --> 0:15:34.400 two day event. So when you prolong an event, you 0:15:34.800 --> 0:15:39.560 lose that sense of urgency. People aren't necessarily shopping, people 0:15:39.600 --> 0:15:40.800 aren't necessarily compelled. 0:15:40.560 --> 0:15:41.440 To act immediately. 0:15:41.840 --> 0:15:45.240 And you know when you had the Amazon executive on yesterday, 0:15:45.240 --> 0:15:46.760 the key word there was engagement. 0:15:46.800 --> 0:15:48.119 You know, they're pleased with engagement. 0:15:48.320 --> 0:15:50.640 That means people are kind of poking around, but they're 0:15:50.680 --> 0:15:54.280 not really buying, so everything kind of tracks. It's just 0:15:54.320 --> 0:15:56.840 a question of you know, are people going to keep 0:15:56.840 --> 0:15:59.040 buying through days three and four? And if they do, 0:15:59.200 --> 0:16:01.400 Momentum said, you know, the four day event should yield 0:16:01.440 --> 0:16:03.880 a lift compared to the two day event last year. 0:16:04.080 --> 0:16:05.360 But that's the big question. 0:16:05.440 --> 0:16:09.280 We'll see if Amazon's experiment is working today and tomorrow. 0:16:09.600 --> 0:16:10.080 Big bet. 0:16:10.280 --> 0:16:12.960 Spenser, Sopa, you stay on it, Thank you so much. 0:16:13.640 --> 0:16:16.560 Now coming up, Gecko Robotics says twenty twenty five is 0:16:16.600 --> 0:16:19.800 the Year of the robot. We speak with a CEO 0:16:19.920 --> 0:16:23.280 live from some Vallely, Idaho. Next this is Bluemberg Tech. 0:16:35.760 --> 0:16:38.640 Let's get back out to sun Valley, Idaho, where Ed 0:16:38.720 --> 0:16:40.000 Ludlow is standing by with. 0:16:40.000 --> 0:16:40.920 A special guest. 0:16:41.080 --> 0:16:41.160 Ed. 0:16:42.400 --> 0:16:45.760 Yeah, let's talk about robotics and we're not talking humanoid rebulics. 0:16:45.800 --> 0:16:49.040 Actually really interesting. Gecko Robotics and his co founder CEO 0:16:49.200 --> 0:16:52.240 Jake Lucerian, There's a lot of attention on you. And 0:16:52.280 --> 0:16:55.040 one of the reasons why is this super interesting business model. 0:16:55.480 --> 0:17:00.960 The robots basically can assess the structural integrity of various facilities, 0:17:01.080 --> 0:17:04.640 cool energy infrastructure. But actually a big part of your 0:17:04.640 --> 0:17:07.879 business is AI and data. You sell them as a package. 0:17:08.119 --> 0:17:10.119 Give us the basics on Gego Robotics and we'll go 0:17:10.200 --> 0:17:10.439 from that. 0:17:10.640 --> 0:17:13.800 Yeah, thanks, Ed, Well, it's the company was started out 0:17:13.840 --> 0:17:16.200 with this mission of diagnosing the health of the built world, 0:17:16.520 --> 0:17:18.119 and so I started out of a college dorm with 0:17:18.280 --> 0:17:20.760 that with that ambition emission, and what we were able to 0:17:20.840 --> 0:17:23.240 understand and determine is we start with the foundation of 0:17:23.320 --> 0:17:26.080 understanding the health of built structures, whether it's a dam 0:17:26.200 --> 0:17:31.560 or a bridge, a vessel, of oil and gas refinery. 0:17:31.160 --> 0:17:32.639 Whatever the physical structure is. 0:17:32.800 --> 0:17:34.560 If you understand the health of that, you begin to 0:17:34.560 --> 0:17:37.439 get really good at understanding how these facilities work and function. 0:17:37.880 --> 0:17:40.359 And then what we've done is we've used all that 0:17:40.400 --> 0:17:43.520 information data and the processing data from the facilities and 0:17:43.560 --> 0:17:45.880 also the smart centors that we've built to be able 0:17:45.920 --> 0:17:49.320 to create an operating platform to help those facilities run 0:17:49.640 --> 0:17:53.639 in some cases twenty percent less cost for CAPEX and 0:17:53.720 --> 0:17:58.320 running those facilities, but also operate fifteen percent more efficient 0:17:58.400 --> 0:18:00.920 in some cases. And so the applications of the fence 0:18:00.960 --> 0:18:03.159 and commercial are enabled because. 0:18:02.880 --> 0:18:04.440 We have an unfair data advantage. 0:18:05.040 --> 0:18:09.199 Someone that's never seen a Geho robotics robot scaling a wall, 0:18:09.800 --> 0:18:12.000 explain what it looks like, how many of them are 0:18:12.040 --> 0:18:14.400 out there and deployed in the real world, and what 0:18:14.520 --> 0:18:17.359 kinds of commercial businesses are using them right now. 0:18:17.720 --> 0:18:21.399 Yeah, So the robots feed into the software operating platform 0:18:21.440 --> 0:18:23.760 called Candilever, and the robots can look like the size 0:18:23.760 --> 0:18:27.160 of a briefcase, climbing up a wall, climbing around, piping. 0:18:27.880 --> 0:18:31.600 We also have drones, were walking robots, or smart sensors. 0:18:31.720 --> 0:18:34.760 But all these tools are gathering information and data and 0:18:34.800 --> 0:18:36.360 plugging into that central software. 0:18:36.359 --> 0:18:37.240 And then what we've been able to. 0:18:37.160 --> 0:18:40.119 See is that customers are actually asking can we put 0:18:40.160 --> 0:18:44.760 our operational or our IoT sensor data into that platform 0:18:44.840 --> 0:18:47.919 as well to derive better results, outcomes or decisions on 0:18:47.960 --> 0:18:49.840 the ground. So what we've done is we've begun to 0:18:50.000 --> 0:18:52.479 enable the folks on the ground to become not just 0:18:52.600 --> 0:18:55.480 blue collar workers, but engineers because they can use the 0:18:55.600 --> 0:18:57.760 LLLM that we have inside of Candile Leaver to be 0:18:57.760 --> 0:19:00.000 able to understand what sort of decisions to make because 0:19:00.080 --> 0:19:02.160 they have the data that allows them. 0:19:02.000 --> 0:19:03.680 To be superpowered in that way. 0:19:03.800 --> 0:19:06.200 So the energy sector is somewhere where you're very focused. 0:19:06.200 --> 0:19:09.480 Next week, in your hometown, home state, there is a 0:19:09.520 --> 0:19:13.359 gathering of political gathering with the energy industry. You work 0:19:13.480 --> 0:19:17.120 with Legacy Energy to basically say here's how you could 0:19:17.119 --> 0:19:19.560 be better, just explain how the type works. 0:19:19.840 --> 0:19:23.720 Yeah, So they're right in Pittsburgh next week, the President 0:19:24.160 --> 0:19:26.800 and put on by Senator McCormick, is bringing some of 0:19:26.800 --> 0:19:29.240 the biggest names in energy and AI to the city 0:19:29.240 --> 0:19:30.119 of Pittsburgh. 0:19:29.720 --> 0:19:31.520 Where Get Goobrobotics is based. 0:19:32.359 --> 0:19:33.879 And so what it's going to be all about is 0:19:34.280 --> 0:19:36.520 not just what's the state of things and what the 0:19:36.520 --> 0:19:39.680 infrastructure for AI look like, But more importantly, the message 0:19:39.720 --> 0:19:43.800 that I'm delivering and I'm speaking on in particular with 0:19:43.880 --> 0:19:47.000 some of those leaders is how we should begin to 0:19:47.119 --> 0:19:50.080 judge AI's impact and energy by how much AI can 0:19:50.080 --> 0:19:53.639 actually create energy. Example, one of the biggest customers that 0:19:53.640 --> 0:19:55.480