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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. I'm Caroline Haina of Bloomberg's world headquarters in New York.

And I'm Ed Ludlow in San Francisco. This is Bloomberg Technology.

Coming up, Apple, it hits an intraday record.

The S&P closes in on its all-time highs

after a dovish-fed signal.

What does it mean for the tech rally we discuss?

Plus, as GM's crews slashes 24% of its workforce will talk the state of the tech labor market

as more than 250,000 workers at tech companies of all sizes have been let go

this year.

Meanwhile Adobe facing regulatory scrutiny and with the company's subscription practices

we'll take a look at the FTC investigation and why the company's AI ambitions may take longer

than expected.

The other big mover this morning is Intel.

It has given us details on its AI strategy.

The stock up 3% or 2.5% now, it had been up as much as 5.5%. You have New Z on server chips. Those

chips have been through two redesigns in the last year already. You also have details

...