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

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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 Lud Love. I'm Ed Lovelo in San Francisco. Caroline Hidesoff this week. This is Bloomberg Technology.

Coming up on the program full coverage from the World Economic Forum as tech

heavyweights continue to descend on Davos. We hear from the CEOs of Cisco, Qualcomm

and many more. Plus the SEC and Coinbase face off in court today over the regulators

crypto authority after suing the exchange last July.

We'll bring you the latest from the trial. An AI startup Anthropic is building out

technology for its chatbot to analyze images as it seeks to catch up with

big competitors. We'll bring you the details and so much more throughout the hour.

Let's focus on the technology sector in financial markets. The story of the week continues to be

Fed-speaking. And what we're seeing this Wednesday morning is traders pair back their expectations for fed rate cuts in 2024.

How that manifests itself is a lot of red on the screen behind me, some underperformance in the technology sector. and that's that 100 is kind of my go

to right because of the number of technology or concentration of technology shares but look at the

Golden Dragon China index US listed or ADRs of Chinese technology companies

underperforming the semiconductor space or socks also underperforming.

And Bitcoin kind of caught up in this risk off mentality pulling back

back towards 42,000 US dollars per token.

...