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Bloomberg Tech

More Tech Layoffs and Generative AI

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 5 January 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde breaks down the most vulnerable areas in tech this year as Salesforce becomes part of the latest tech companies to announce layoffs. Plus, a look at the risks and rewards of generative tech.

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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. I'm Caroline High, I'm Caroline High, I'm Caroline High, I'm Caroline Heine at Bloomberg's world headquarters in New York and this is Bloomberg technology.

0:48.0

We talk layoffs, sales force and Bimio and the latest to announce cuts in an effort to curb spending.

0:53.7

We break down the most vulnerable areas in tech this year.

0:56.9

Meanwhile, Tesla rebounds after Kathy Wood buys the dip.

1:00.1

We'll dig into the bull in the bear case for the EV maker.

1:03.3

And generative tech, it's already the next big thing in Silicon Valley.

1:06.7

We discuss the risks and rewards for AI-based platforms like Chapp Chi-PT. But first, so far head of investment strategy,

1:15.4

Liz Young is with us to talk all about, well really the moon music around

1:18.8

investors at the moment, there is caution, there is worry, there is more macro headwinds to come it feels like.

1:25.8

Yeah there is but none of this is really new I think a lot of this is left over from

1:30.4

December and we had a really rough month in December especially at a time

1:34.4

when it was supposed to be this year-end rally possibility none of that actually came to

1:39.2

fruition so investors heard again from the Fed today about their determination to keep rates higher.

1:47.6

Again, not new news.

1:49.6

So anybody that was caught flat-footed on those minutes I think maybe hasn't really been

1:54.3

paying attention so yes they're going to keep rates higher but here's the good news

...

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