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Bloomberg Technology

Paris Looks to the Future of AI, DOGE Sniffs Out Treasury 'Irregularities'

Bloomberg Technology

Bloomberg

Tech News, Business, News

4.549 Ratings

🗓️ 10 February 2025

⏱️ 46 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Jackie Davalos discuss the state of global AI initiatives as the Paris AI summit gets underway. And, questions arise as President Trump says DOGE may have found "irregularities" at the Treasury Department. Plus, China's BYD speeds ahead with driver-assistance features and plans to integrate DeepSeek software.

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Transcript

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0:00.0

Bloomberg Audio Studios, Podcasts, Radio News.

0:08.1

From the heart of where innovation, money, and power collide,

0:13.3

in Silicon Valley and beyond, this is Bloomberg Technology with Caroline Hyde and Ed Ludlow.

0:20.8

Thank you. Bloomberg Technology with Caroline Hyde and Ed Ludlow. I'm from New York.

0:34.6

I'm Caroline Hyde.

0:36.6

And I'm Jackie Davalallis in San Francisco.

0:38.3

This is Bloomberg Technology.

0:40.3

Coming up, government and tech leaders descend on Paris for the AI summit, as French President

0:45.3

Macron touts the country's very own Stargate.

0:48.3

Plus, President Trump says Elon Musk's doge may have found, quote, irregularities at the Treasury Department. And China's

0:56.0

BYD is putting driver assistance features into most of its cars for free and plans to integrate

1:01.2

software from DETC. But first, let's check in on the markets. And actually, the NASDAQ pushes

1:05.8

higher, but Tesla is one of the points contributed to the downside. We'll dig into what BYD means

1:10.7

for Tesla competition in China.

1:12.0

We're up 1.3% Envidia lending its power to the points that move to the higher side.

1:17.4

We'll dig into the AI track that drives Nvidia higher.

1:19.8

But move on to a key stock you've got to watch.

1:22.2

Because it's a record high and is up 16% for 16 straight days.

1:27.4

If we see Meta managed to hold onto these rather

1:29.8

small gains on today, Jackie, it would be 16 straight days of gains and a lot of it is fueled

1:35.7

by AI exuberance for Meta. Sweet 16, we move on to what's happening over in Paris,

1:40.6

where it's all about AI, of course. The summit is now underway, bringing together

...

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