Meta Shifts to AI Devices From Metaverse
Bloomberg Tech
Bloomberg
4.5 • 49 Ratings
🗓️ 13 January 2026
⏱️ 45 minutes
🧾️ Download transcript
Summary
Bloomberg’s Caroline Hyde and Ed Ludlow discuss Meta’s plans to double the output of its Ray-Ban AI-glasses as it pivots away from the metaverse. Plus, Microsoft pledges to pay electricity rates that will cover costs for its data centers, seeking to quell consumer anxiety over power prices. And, Klarna CEO Sebastian Siemiatkowski weighs in on President Trump’s call for a one-year 10% interest rate cap on credit cards.
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| 0:00.0 | AI agents are getting pretty impressive. You might not even realize you're listening to one right now. |
| 0:05.0 | But we don't just talk. We work 24-7 to solve customer problems. No hold music. Just answers and action. Visit Sierra.A.I. to learn more. Bloomberg Audio Studios Podcasts Radio News. |
| 0:22.6 | You allocation, right? We've been obsessed about GPUs and AI accelerator cards, |
| 0:27.5 | but you need to have an equivalent, if not greater number of CPU in the design of the server. |
| 0:32.3 | And that's an area that Intel and AMV have done well to get and market share where Nvidia is trying to dominate the |
| 0:38.7 | whole system and clearly two big moves. Our size moves almost carrow for an analyst upgrade, |
| 0:43.8 | but Intel in particular soaring high at the moment. Yeah, wants to watch big points contributors. |
| 0:48.2 | Let's just flip gears a little bit and talk about, well, where's one out on some of their |
| 0:51.9 | investments of late? Hedge fund investors. |
| 0:57.5 | Well, they haven't had it this good since the aftermath of the financial crisis. |
| 1:01.5 | Data compiled by industry tracker hedge fund research showing that back in 2025, |
| 1:05.0 | the industry posted its best year since 2009. |
| 1:09.0 | Gains are about 12.6% on average, but some scoring much higher than that. |
| 1:29.3 | Bloomberg hedge fund reporter, Hema Palmer, joins us now. And we like to think about the way in which they've all embraced AI and the fund funds are doing well. But who really shone in 25 and why? Yes. So, you know, it's such an interesting year because funds across strategies, across sizes generally did very, very well. And when we look at the big winners, you're looking at some of the tech-focused firms. |
| 1:32.1 | If you look at Whale Walk, they did quite well. |
| 1:36.9 | If you look at Light Street, they got over their high watermark from the really difficult 22, 23 period. |
| 1:38.6 | You're seeing some of the best returns over at Bridgewater. |
| 1:41.1 | If we look at macro... |
| 1:42.2 | Well, that's 30 percent, right? |
| 1:43.2 | Exactly. Excellent numbers. |
| 1:45.2 | So kind of across strategies, you're seeing winners across pretty much every strategy. |
| 1:50.6 | D.E. Shaw, over 20% in the multi-strat strategy. |
... |
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