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Bloomberg Tech

Silicon Valley Bank Fallout, a Rally in Chip Stocks and Calls for a Pause in Artificial Intelligence

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 29 March 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Ed Ludlow dives deeper into what the Silicon Valley Bank collapse means for startups seeking funding, Chip stocks get a boost as analysts upgrade their price targets, Plus why more than 1,000 tech experts are calling for a pause in artificial intelligence progress.  

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Transcript

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0:00.0

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

0:09.0

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

0:14.8

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

0:19.5

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

0:24.0

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

0:28.0

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

0:37.0

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. at Lott Lowe. Ed Lovelo here in San Francisco.

0:56.3

Carol Laiyd off this week.

0:57.6

This is Bloomberg Technology coming up on the program.

1:00.4

The banking fallout continues.

1:02.4

We'll bring you the details on

1:03.6

S. V.'s bankruptcy as hearings continue in Washington. What does it mean for

1:07.8

Silicon Valley founders and VCs? And more than a thousand tech heavyweight call for a pause on the artificial

1:15.6

intelligence boom to implement safety protocols will break down what's

1:19.2

inside the petition. Plus chip stocks getting a boost, is analysts upgrade

1:23.4

and microon issues an upbeat forecast.

1:26.3

We'll discuss what's driving momentum.

1:28.5

But first, let's get a take on the markets.

1:30.1

Technology, a big driver.

1:31.6

We are fully in risk on mow seeing

1:33.4

out performance in the NASDAQ 100 but the Philadelphia

1:36.2

Semiconductor Index in particular. Why a pretty bullish

...

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