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Bloomberg

Broadcom, Apple Extend Chips Partnership to 2031

Bloomberg's Mark Gurman said that despite ups and downs for Apple and Broadcom's partnership to build out AI servers is expected to last for multiple generations of Apple products. Gurman said that relationship is mutually beneficial as Apple needed Broadcom to help build out the technology and Apple remains Broadcom's biggest growth driver and revenue source.

Leia mais: Broadcom, Apple Extend Chips Partnership to 2031
Bloomberg

High AI Capex Demand a 'Multi-Year' Cycle, Says Rudina Seseri

Rudina Seseri, founder and managing partner at Glasswing Ventures, said that she is seeing strong overall demand for AI infrastructure and doesn't see AI capex falling as companies turn toward becoming vertically integrated players in the AI business. Seseri, who was joined by Bloomberg's Ed Ludlow, said that she sees future demand lying in more specialized data sets for industries rather than wide ranging data.

Leia mais: High AI Capex Demand a 'Multi-Year' Cycle, Says Rudina Seseri
Bloomberg

Saudis Slash Main Oil Price to Rare Discount

Ellen Wald, president of Transversal Consulting and Author of 'Saudi, Inc.,' said that Saudi state oil producer Saudi Aramco is lowering the price of oil to make it worthwhile for Asian buyers to charter a tanker to go into the Strait of Hormuz and to buy up stores of oil that have laid stagnant during the war. Wald said that while Saudi Aramco made money off of the conflict in Iran, they want the keep oil prices stable.

Leia mais: Saudis Slash Main Oil Price to Rare Discount
Bloomberg

Drone Maker Ondas Says the 'Arms Race' Has Started

Ondas, which develops drones and secures wireless communications, has agreed to buy autonomous aircraft maker DZYNE Technologies in a cash-and-stock deal worth over $875 million, which will turn Ondas into a full-service autonomous defense technology platform. Ondas Chairman and CEO Eric Brock joins Ed Ludlow on "Bloomberg Tech."

Leia mais: Drone Maker Ondas Says the 'Arms Race' Has Started
Bloomberg

Microsoft's Xbox to Cut 3,200 Jobs, Divest Studios in Overhaul

Microsoft Corp.'s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division. Xbox will also divest four of its video-game development studios and is beginning the process to part ways with a fifth. "Our business today is not healthy," Chief Executive Officer Asha Sharma wrote in a note to staff Monday morning, adding that Xbox is operating at margins three to 10 times lower than comparable businesses. "We must reset Xbox." Brody Ford, Bloomberg Technology Reporter, joined Bloomberg's Paul Sweeney and Scarlet Fu to talk about Microsoft's XBox layoffs.

Leia mais: Microsoft's Xbox to Cut 3,200 Jobs, Divest Studios in Overhaul
Bloomberg

Tech Drives Stock Gains in AI Trade Resurgence

A rally in several technology powerhouses lifted stocks amid speculation that the artificial-intelligence trade that has powered the bull market has more room to run.  The advance halted a two-day rout in chipmakers, with traders betting the industry's investment boom will continue to support solid earnings. Shana Sissel, founder and CEO at Banríon Capital Management, joined Bloomberg's Paul Sweeney and Scarlet Fu to discuss her outlook for tech stocks.

Leia mais: Tech Drives Stock Gains in AI Trade Resurgence