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Bloomberg Technology

Microsoft and the UAE’s G42

Bloomberg Technology

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 16 April 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down Microsoft's plan to invest $1.5 billion in the UAE's top AI firm, G42, as the US government pushes the Abu Dhabi business to end all cooperation with China. Plus, a conversation with the EU's Commissioner for Financial Services in San Francisco.

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Transcript

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0:00.0

Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental

0:06.2

leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.

0:12.8

Title sponsor Amazon, Official Airline, Alaska Airlines.

0:17.6

Supporting sponsor, Providence.

0:19.9

Contributing sponsor, Wareyerhauser.

0:22.6

Get 40% off using promo code Radio 40

0:26.0

at Bloomberg Live.com slash Green Festival.

0:31.8

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. I'm Caroline Hyde at Bloomberg's world headquarters in New York.

0:57.0

I'm Ed Ludlow in San Francisco.

1:00.0

This is Bloomberg Technology.

1:01.0

Coming up Microsoft to invest one and a half billion dollars in a UAE top AI firm, it's G42.

1:08.2

That's as the US government pushes the Abu Dhabi business to end all cooperation with China. We analyze the

1:14.1

business and the political drivers. Europe has its eye on FinTech and

1:18.7

crypto. We sit down with the EU's Commissioner for Financial Services on her visit to Silicon Valley is AI is all

1:24.7

the rage in bank earnings.

1:26.7

And we digest a $250 million fund raise for a Silicon Valley chip developer, Rivos,

1:32.1

which is yet to bring about its first product.

1:34.6

We discuss the race for AI infrastructure and so much more throughout this hour.

1:38.0

We focus though just on the public markets, which in the United States relatively sanguine right now and the

1:43.5

Nasdaq is off just by about a quarter of a percent. The action is

1:46.7

actually what's happening in Asia and Europe trading. Both those benchmarks

...

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