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Bloomberg Tech

Apple and Google Vs. EU, and Apple's Big Bet on AI

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 10 September 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down Apple and Google losing multi-billion dollar court fights with the European Union. Plus, shares of Oracle hit a fresh record high on strong demand for AI, and Apple bets big on AI with its new line of products centered around Apple Intelligence.

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Transcript

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0:00.0

Behind the Bright Lights and Adrenaline of Pro Sports is an equally exciting world of

0:05.5

negotiations and deal-making.

0:07.8

That's what we cover each week on our podcast, The Deal.

0:11.0

I'm Alex Rodriguez, former baseball player turned business executive.

0:14.7

And I'm Jason Kelly, chief correspondent at Bloomberg Originals.

0:17.8

Every Thursday we talk to all-stars like Serena Williams and Derek Jeter, as well as the brains behind brands like the Harlem Globetrotters and

0:24.6

Nasdaq.

0:25.6

Listen to the deal wherever you get your podcasts. 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 Edla Lo Loa. Now from New York and San Francisco, this is Bloomberg Technology.

0:59.0

Coming up, Apple and Google losing multi-billion dollar court fights with the European Union.

1:05.0

Plus shares of Oracle touch a fresh record high on strong demand for AI products.

1:10.0

Meanwhile Apple bets big on AI, unveiling a new line of products centered around Apple

1:14.9

Intelligence but first let's check on the markets and while it is Apple that we're

1:19.0

going to dive in on a micro perspective Ed and maybe tugs the Nasdaq more broadly off of its highs.

1:24.6

We're up 1.5% over the last two trading days, but most of those gains are from yesterday.

1:29.7

Today we are calling some of that risk on sentiment and some of the most focus is on

1:35.5

some of the individual movers and you're going to dive into it. Yeah Apple and

1:39.8

alphabet the parent of Google two court fights lost with the EU, but the stock telling two different stories.

1:46.2

Apple is lower.

1:47.2

Alphabet, the parent of Google, modestly higher actually at the kind of low point of the session.

1:52.4

A 14.4 billion decision to impact taxes, essentially,

1:57.5

for Apple, and it's a fine for Google in the fight with the European Union.

...

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