AI Anxiety Grows, HP Announces Job Cuts
Bloomberg Technology
Bloomberg
4.5 • 49 Ratings
🗓️ 28 February 2025
⏱️ 46 minutes
🧾️ Download transcript
Summary
Bloomberg's Caroline Hyde and Jackie Davalos discuss the NASDAQ’s worst week in four months and the drop in crypto prices. And HP’s CEO on shifting some of the company's manufacturing to the US. Plus, Rigetti CEO Subodh Kulkarni talks about the company's new partnership with Quanta Computer to speed up the commercialization of quantum computing.
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Transcript
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| 0:00.0 | Join us in New York or via live stream on May 13th for Bloomberg's winning the innovation game, |
| 0:05.9 | modernizing IT without disruption event and networking reception. This event will gather executives |
| 0:11.6 | to share experiences and provide insights into strategies for implementing groundbreaking AI, |
| 0:17.7 | cybersecurity and data management technologies that will transform your workplace. |
| 0:22.7 | This program is proudly sponsored by Rocket Software. |
| 0:25.9 | Register at Bloomberg Live.com slash innovation. |
| 0:32.3 | Bloomberg Audio Studios, Podcasts, Radio News. |
| 0:37.5 | From the heart of where innovation, money, and power collide. |
| 0:42.7 | In Silicon Valley and beyond, this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. |
| 0:50.2 | Thank you. And I'm Hyde |
| 1:05.0 | And I'm Jackie DeValles in San Francisco. |
| 1:08.0 | This is Bloomberg Technology. |
| 1:10.0 | Coming up, the NASDAQ trying to shake off what is the worst week in almost four months. |
| 1:14.6 | Earnings fail to inspire and AI anxieties grow. We dig into all angles. |
| 1:18.6 | Plus job cuts back in big tech. We hear from the CEO of HP after the company announced further headcount reductions. |
| 1:25.6 | And Bitcoin down 25% from all-time highs. |
| 1:28.3 | We're doing to the worsening crypto route in the wake of President Trump's latest tariff threats and a key hack. |
| 1:33.3 | But first you check in on these markets. |
| 1:35.3 | And the NASDAQ actually trying to shake off what has been a dismal week. |
| 1:39.3 | We're off now higher by three quarters of percent on the week down about five. And that's as we see |
| 1:46.4 | overall the anxieties build about what the political consequences are on AI, on tariffs from |
| 1:51.6 | China, and more broadly, whether or not we can see those exports going into the broader |
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