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Bloomberg Tech

New York Tech Sector Prepares for Mayor-Elect Mamdani

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 5 November 2025

⏱️ 47 minutes

🧾️ Download transcript

Summary

Bloomberg’s Ed Ludlow discusses AMD’s earnings as AI valuation concerns from investors continue. Plus, New York City’s tech sector prepares to work with the city’s Mayor-elect Zohran Mamdani. And all eyes on Tesla as the company's shareholders are set to vote on the proposed $1 trillion pay package for Elon Musk.

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Transcript

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0:00.0

For every six Chinese people, there's a Ping'an customer, we have accumulated a massive amount of the customer data, not just on the financial side, but end-to-end across channels thanks to our AI advancements.

0:12.0

This is the Technology Empowered Growth at Ping-Anne podcast. In our latest episode, Ping-an is utilizing technology to provide integrated and personalized 24-7 support

0:21.8

for China's rapidly growing elderly population. Now available on Spotify, Apple Podcast, and

0:27.1

Ping'an's website. Hello and welcome. This is the Michelle Hussein show. I'm Michelle

0:34.6

Hussein. I speak with people like Elon Musk. I think I've done enough.

0:38.9

And Shonda Rhymes. That's so cute. This will be a place where every weekend you can count on

0:44.7

one essential conversation to help make sense of the world. So please join me. Listen and

0:51.0

subscribe to the Michelle Hussain show from Weekend, wherever you get your podcasts.

0:57.0

You certainly ask interesting questions.

1:02.7

Bloomberg Audio Studios. Podcasts, radio news.

1:23.1

Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Lovello in San Francisco. This is Bloomberg Tech.

1:24.1

Coming up, AMD fails to impress with its latest earning shares volatile amid rising

1:29.1

AI valuation concerns from investors. Plus, a historic victory for Zoran Mamdani, the new mayor

1:36.1

of New York. We'll discuss what his election means for the city's tech scene. And all eyes on

1:41.6

Tesla, as the company's shareholders are set to vote on a proposed $1 trillion

1:46.3

pay package for Elon Musk.

1:49.4

There are two names in the markets that we're watching most closely, and that's in the earnings

1:52.7

context right now.

1:54.0

AMD has basically swung between modest declines and modest gains all morning long.

2:00.3

It gave an outlook for the current period that was

2:03.2

well in line with consensus but did not beat the most bullish estimates. Everyone's trying to work

2:07.5

out. Is there making some ground up in the AI data center context in the near term? Or is it

...

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