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Bloomberg Tech

Adobe Calls off Figma Deal, Apple Halts Watch Sales, AI Deep Dive

Bloomberg Tech

Bloomberg

News, Business News, Tech News

4.469 Ratings

🗓️ 18 December 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow discuss Adobe and Figma's $20 billion deal being cancelled. Plus, Apple halts sales of its latest Apple Watch over a patent dispute. And, deep dives into artificial intelligence with experts from AWS, the Distributed AI Research Institute and Bluestone. 

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:24.0

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. I'm Caroline Hyde at Bloomberg's world headquarters in New York.

0:57.0

And I'm middle-art-low in San Francisco.

0:59.0

This is Bloomberg Technology.

1:01.0

Adobe, Figma, they call off their $20 billion deal after clashing with regulators in Europe

1:06.6

and the UK.

1:07.6

We'll bring you everything you need to know.

1:10.5

Plus, A-Rod's Black Check Company plans a merger with satellite communications provider, Link Global.

1:16.2

We hear from the former New York Yankees all-star on the deal.

1:19.7

And we'll take a deep dive into the world of you guessed it artificial intelligence from investing in

1:23.8

the space how businesses are utilizing the technology and the ethical concerns attach to

1:28.0

AI.

1:29.0

We'll break it all down but first talk to us about these deals.

1:31.6

Yeah well the deal that's dead, Adobe and Figma mutually agreeing to terminate Adobe's

1:38.7

acquisition of Figma, a $20 billion deal, as you said, equity market reaction, Adobe up 1.9%.

1:45.4

And it's interesting because the question is,

1:48.0

would this have ever passed muster with the regulators?

...

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