Recession Fears and the Crypto Meltdown
Bloomberg Tech
Bloomberg
4.4 • 69 Ratings
🗓️ 13 June 2022
⏱️ 41 minutes
🧾️ Download transcript
Summary
Bloomberg's Emily Chang breaks down the market selloff fueled by fears of a recession, and the impact on tech and crypto stocks in particular. Plus, why Google suspended the engineer who made claims of a sentient AI bot.
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Transcript
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| 0:00.0 | The Bloomberg Sustainable Business Summit returns to Singapore on July 31st for solutions-driven discussions on unlocking growth in times of increased ESG scrutiny and competition. |
| 0:12.0 | Join global business leaders and investors |
| 0:15.0 | to drive innovation and scale best practices |
| 0:17.7 | in sustainable business and finance. |
| 0:19.9 | Learn more at Bloomberg Live.com |
| 0:22.0 | slash Sustainable Viziz Singapore. |
| 0:24.3 | That's Bloomberg Live.com |
| 0:26.0 | slash Sustainable Biz Singapore. |
| 0:32.1 | From the heart of where innovation, money, and power collide. |
| 0:36.0 | In Silicon Valley and beyond, this is Bloomberg Technology with Emily Chang in San Francisco and this is Bloomberg Technology |
| 0:57.1 | coming up in the next hour stocks rocked by recession fears in an ugly |
| 1:01.2 | sell-off tech bearing the brunt with the NASDAQ slumping almost 5% |
| 1:05.5 | we're going to dig in to this Monday market meltdown. Plus Google |
| 1:10.8 | suspends the engineer who claims the search engine's own AI is actually a person with |
| 1:15.8 | feelings and even a soul will share transcripts of his communications with the chatbot and |
| 1:21.0 | debate the possibility and limits of this cutting edge technology. |
| 1:26.2 | And yet another crypto meltdown, Bitcoin hitting an 18 month low and Celsius, one of the biggest |
| 1:31.3 | crypto lenders, pausing all withdrawals and transfers. |
| 1:35.0 | We'll have the details on what went down and what happens next. |
| 1:39.0 | Meantime, Bitcoin hitting the lowest in about 18 months as the lending platform |
| 1:44.6 | Celsius froze all withdrawals. Our Bloomberg Cross asset reporter Katie |
| 1:49.4 | Griefell joins us now with more Katie Bitcoin a touch up from the low it hit earlier today, |
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