Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

Take part in solutions driven discussions on how to drive business value and unlock opportunity

while remaining nimble in times of change and greater ESG accountability.

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

That's Bloomberg Live.com slash sustainable Biz Singapore.

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. Ednaudler. I'm Caroline Hidal. I'm Caroline Hyde of Bloomberg's world headquarters in New York.

Ed Ludlow is on assignment in Sun Valley.

This is Bloomberg technology.

Coming up, Elon Musk launches his competitor to Open AI.

We'll bring you all the details of his sixth company,

X AI.

And we'll talk big tech regulation.

That's as FTC chair Lena Khan appears

before a House Judiciary Committee

hearing on the oversight of the competition regulator.

More ahead.

Plus the former CEO of crypto lender Celsius is arrested, charged with fraud and sued by

three regulatory agencies over the companies collapse.

We'll bring in the details.

But first, let's get ahead of these markets.

Once again, we're on the higher note, Abigail Doolittle has it all.

...