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Bloomberg Tech

Tencent Leads $80 Billion Rout, Musk Lashes out on Financial Markets, ChatGPT's Competitors

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 22 December 2023

⏱️ 42 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down curbs on China's gaming companies. Plus, Elon Musk lashes out at public markets in the US. And, 2023 saw a growing list of competitors to ChatGPT, what's ahead for 2024? 

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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. in Edna at Luddler. And Caroline Hyde at Bloomberg's world headquarters in New York.

0:57.0

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

1:01.0

Coming up, Elon Musk, he lashes out at the state of financial markets.

1:05.3

We'll break down the billionaire's comments and get an outlook for tech stocks in the new year.

1:10.1

And an 80 billion dollar route underway in China as Beijing imposes new curves on gaming

1:16.1

will break down the implication for the country's giant internet sector.

1:19.7

Plus we talk all things AI as Chachi BT ends the year with a long list of new competitors.

1:25.2

What all 2024 bring?

1:26.9

Then here and now is Elon Musk.

1:29.0

Kathy Wood and Elon Musk do a spaces, it's wide-ranging. Elon Musk goes after the public market.

1:34.8

He basically says there's too much regulatory burden on being a public company and he

1:39.0

wades into the passive versus active investing debate.

1:43.7

Tesla is the only publicly traded proxy I've got for you, Caro.

1:46.4

It's up six-tenths of a percent, up 107 percent year to date.

1:50.2

A beneficiary one might say outpacing the S&P 500's gain of 20% in the public markets that Musk had a lot to say about.

1:58.0

He did and of course it's kind of music to Kathy Wood's ears who of course has an actively managed set of E. T. F.

...

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