Microsoft, Google Face Off in AI Race

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 31 January 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A.M. Edition for Jan. 31. Two tech giants kicked off a banner week for the Magnificent Seven with strong results, but Heard on the Street tech columnist Dan Gallagher says investors want to know when investments into AI will pay off. Plus, a judge strikes down Elon Musks’s $55.8 billion Tesla pay package, raising questions about the CEO’s ties to his board. And, NovoNordisk rides the weight-loss drug wave. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is brought to you by the Kia Power On event, featuring the award winning Kia
0:05.2	EV6 with Ultra Fast Charging, available now with 2.9% APR representative, 1,000 pounds
0:11.4	PCP finance deposit contribution, and two years free servicing when you
0:15.6	order by the 29th of February. Take the lead, Drive Electric. Search the Kia Power On Event
0:21.1	today. Teacencies apply Kia Finance, free servicing offer available
0:24.8	until 29th of February. Tesla shares drop after a judge Nix's CEO Elon Musk's compensation plan.
0:38.0	Plus Google and Microsoft report earnings to investors increasingly expecting AI-driven profits after billions in new
0:46.6	investments.
0:47.6	We're still looking to see what is going to be the payoff.
0:50.9	Is that going to be a multi-year process or is it going to come quickly do a lot of customers decide to buy into this technology right now or do they wait and see?
0:58.4	And Novo Nordisk ups production of its blockbuster Wagovey Weight Loss Drug.
1:04.3	It's Wednesday, January 31st.
1:06.5	I'm Luke Vargas for the Wall Street Journal,
1:08.4	and here is the AM edition of What's News.
1:11.5	The top headlines and business stories moving your world today.
1:15.0	A Delaware judge has struck down Elon Musk's 55.8 billion dollar pay package at Tesla,
1:26.3	after finding the process for securing its approval, quote, deeply flawed.
1:31.2	Chancellor Kathleen McCormick cited Musk's extensive ties with board members who
1:36.4	negotiated his most recent pay deal which shareholders approved in 2018.
1:41.3	Tesla shares fell more than 2% in After Hours trading Tuesday. The decision
1:47.5	marks a major setback for the chief executive of the world's most valuable automaker
1:52.0	and it could mean that Tesla will have to draft a new compensation
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.