>> 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. ♪ CAROLINE:
LIVE FROM NEW YORK, THIS IS "BLOOMBERG TECHNOLOGY."
COMING UP, WILL GOOGLE BE FORCED TO SELL OFF ITS CHROME
BROWSER? WE DISCUSSED THE LATEST IN THE
LATEST -- WE DISCUSS THE

LATEST. PLUS, IMPROVING
CONTROLS ON ROADBLOCKS -- ROBLOX.
SPACEX READIES FOR ANOTHER STARSHIP LAUNCH WITH
PRESIDENT-ELECT DONALD TRUMP SET TO ATTEND, BUT FIRST WE
CHECK IN ON THESE MARKETS.

DESPITE THE GEOPOLITICAL
HEADWINDS, RUSSIA, UKRAINE, WE PUSH HIGHER JUST ABOUT 0.1% ON
THE NASDAQ ONE HIGHER, HIGHER STILL ON THE NASDAQ.
THAT IS TO STRAIGHT DAYS OF

GAINS WHEN LOOKING AT BIG TECH
-- TWO STRAIGHT DAYS OF GAINS WHEN LOOKING AT BIG TECH.
LET'S GO INTO THE INTRICACIES OF WHAT IS HAPPENING WITH
GOOGLE IN TERMS OF ITS PRICE

POINT BECAUSE WE STARTED OFF
THE DAY TRADING LOWER. ANXIETY AROUND THE BUILDING
ANTITRUST CRESCENDO AROUND THIS PARTICULAR COMPANY, AND MAYBE
WE PUSH INTO THE GREEN UP 0.4%.

IS THERE A SLIGHT RELIEF RALLY
THAT IT IS NOT BEING FORCED TO SELL OFF ANDROID?
WE GET INTO IT NOW WITH MICHAEL SHEPPARD IN WASHINGTON BECAUSE
IT IS AN INTERESTING STOCK MARKET REACTION HERE.

MANY WOULD SAY THE CLOUDS OF ANTITRUST CONSENT STILL SIT ON
THE VALUATION OF GOOGLE, BUT GET INTO WHAT WE ARE LEARNING
IN TERMS OF THE DOJ LOOKING TO TREAT THE TRUST ISSUE FROM THAT
PERSPECTIVE. >> FIRST CREDIT TO OUR
COLLEAGUES FOR BREAKING THE NEWS ABOUT WHAT THE JUSTICE
DEPARTMENT AND STATE ANTITRUST REGULATORS ARE THINKING ABOUT
ASKING A JUDGE IN THE WAY OF

REMEDIES IN THIS HISTORIC CASE.
THIS DATES TO THE AUGUST RULING IN WHICH A JUDGE IN WASHINGTON
FOUND THAT GOOGLE HAD ILLEGALLY MONOPOLIZED THE MARKET FOR
SEARCH GLOBALLY.

AND NOW, THEY ARE LOOKING FOR
HOW TO MAKE THIS RIGHT FOR CONSUMERS AND FOR WEBSITE
OPERATORS AROUND THE WORLD. THE ONE STEP OF COURSE BEING
CONSIDERED IS FORCING THEM TO SELL OFF CHROME, THE BROWSER.
IT IS ONE OF THE WORLD'S MOST WIDELY USED BROWSERS.

BUT OTHER MEASURES BEING CONSIDERED ALSO INCLUDE
REQUIRING THE COMPANY TO LICENSE ITS SEARCH RESULTS AND
DATA AND ALSO GIVING WEBSITES THE OPTION OF OPTING OUT OF
HAVING THEIR CONTENT USED TO

HELP GOOGLE BUILD ITS
ARTIFICIAL INTELLIGENCE PLATFORMS. CAROLINE:
ONCE AGAIN, GOOGLE, ALPHABET, THE PARENT COMPANY OF GOOGLE,
SPEAKS OUT SAYING THESE ARE RADICAL STEPS BEING TAKEN BY
THE U.S. GOVERNMENT AND SORT OF PUTTING
THEIR COME ON THE SCALE IS HOW GOOGLE HAS BEEN ARTICULATING IT.
THE INTRICACIES AROUND SELLING DATA AND SHARING DATA IS A
TOUGH ONE.

MANY IN THE MARKET SAY THIS
WILL TAKE YEARS TO ENFORCE. YOU WILL SEE AN APPEALS PROCESS.
BUT MORE BROADLY, YOU WILL POTENTIALLY SEE OTHER REMEDIES
COMING TO LIKE THAT GOOGLE COULD -- WHAT DO WE THINK THE
REACTION WILL BE? MICHAEL: THIS WILL PLAY OUT OVER A LONG
TIME, AND I AM GLAD YOU BROUGHT THAT UP IN TERMS OF THE CLOCK
HERE. THE JUDGE SET A TWO WEEK

HEARING IN APRIL TO ACTUALLY
WALK THROUGH SOME OF THE POTENTIAL REMEDIES THE DOJ AND
ANTITRUST REGULATORS AT THE STATE LEVEL ARE OFFERING.
AND THAT WILL GIVE THE TIME, AND THEN WE HAVE TIME TO THE
COMPANY TO THINK ABOUT, WHAT

CAN WE OFFER PERHAPS AS A
SETTLEMENT? WHAT ELSE CAN WE DO? WHAT IS MAY BE A MIDDLE GROUND
THAT COULD SATISFY SOME OF THE CONCERNS BEING RAISED BY
GOVERNMENT AUTHORITIES?

LIKEWISE, THE JUDGE HIMSELF IS
NOT EXPECTED TO RULE UNTIL AUGUST 2025.
THAT IS ALMOST A YEAR FROM HIS ORIGINAL RULING.
AND THEN AFTER THAT WE WILL GO THROUGH AN APPEALS PROCESS.
AND GIVEN THE STAKES FOR

ALPHABET IN THIS CASE, THEY ARE
LIKELY TO TAKE THIS APPEAL ALL THE WAY TO THE U.S.
SUPREME COURT EVENTUALLY. CAROLINE:
BECAUSE THIS WOULD HAVE A MAJOR BUSINESS IMPACT.
THE WAY IN WHICH THEY CAN SEE

WHO I AM WHEN I USE CHROME,
WHICH HAS ABOUT 60% OF THE MARKET FROM A BROADER
PERSPECTIVE, AND THEN GO ACROSS TO THE SEARCH FUNCTION WHICH IS
90% OF THE MARKET AND ALL OF

THE DATA THEY ARE IN, AND THEY
CAN TARGET ME BETTER WITH ADS. THIS WOULD BE A BIG BUSINESS
MODEL CHANGE, AND MANY OUT THERE ARE WONDERING WHO WOULD
BUY CHROME IF IT WAS FORCED.

MICHAEL:
IT IS A GOOD QUESTION AGAIN ON WHO WOULD BUY CHROME BECAUSE
THE PRICE FOR IT WOULD PRECLUDE MANY FROM EVEN TRYING TO PICK
IT UP. AND A FEW BUYERS OUT THERE WITH
THE RESOURCES TO PULL IT OFF,

PERHAPS AMAZON.COM OR EVEN
OPENAI, AN ATTEMPT BY THEM TO PURCHASE THIS COULD RAISE
SEPARATE ANTITRUST QUESTIONS THAT THE GOVERNMENT MAY BE
EAGER TO AVOID.

LIKEWISE, AS YOU POINT OUT, THIS IS
ESSENTIAL AND CENTRAL TO ALPHABET'S BUSINESS. THEY USED -- ALPHABET'S DATA,
THEY USE THE DATA TO TARGET BETTER AND TO CRAFT A BETTER
VERSION OF THIS GEMINI AI

PLATFORM THAT THEY ARE
DEVELOPING. WE SAW IT IN THEIR MOST RECENT
RESULTS. THEY REALLY POINTED TO SEARCH AS
SOMETHING THAT IS DRIVING THIS BET ON AI, AND THEY REALLY
WOULD LIKE TO KEEP THIS GOING

IF THEY CAN. CAROLINE:
AI OVERVIEWS, ALL ANYONE SEES NOW WHEN THEY TYPE IN FOR
SEARCH. FOR BROADER MARKET PERSPECTIVE
AND THE LEGAL REALITIES, SARAH IS A SENIOR FELLOW AT THE TECH
INSTITUTE.

I MEAN, JUST PUT YOUR THUMB ON
THE SCALES AS GOOGLE IS PUSHING BACK ON THE GOVERNMENT FOR SO
DOING. DO YOU THINK THIS HAS ANY CHANCE OF GOING THROUGH?
THAT SOMETHING AS SEISMIC AS

CHROME BEING SOLD OFF WOULD
HAPPEN? >> I THINK PERSONALLY IT IS
UNLIKELY. IT WAS UNCHALLENGED CONDUCT IN
THE DECISION, SO IF YOU GO BACK AND READ THE 286 PAGE DECISION
FROM AUGUST 5 -- CAROLINE:

THANKS FOR DOING THAT FOR US.
SARAH: YEAH. THERE IS DISCUSSION ABOUT THE
CONTRACTS AND THE PRELOADING OF THE GOOGLE SEARCH AND A LITTLE
BIT ON THE CHROME BROWSER.

BUT UNCHALLENGED CONDUCT WAS
THE SEARCH BAR IN THE CHROME WINDOW.
SO THAT WAS NOT CHALLENGED AT TRIAL.
SO, YOU KNOW, THERE WOULD HAVE TO BE A FACT-FINDING AND A
DISCUSSION OF THE BROWSER

MARKET IN THE APRIL HEARING. LIKE THE PRIOR SPEAKER SAID,
AUGUST 2025 IS WHEN A DECISION WILL COME OUT ON REMEDIES.
AND ALSO OF NOTE, GOOGLE HAS AN OPPORTUNITY TO SUBMIT THEIR
PROPOSED REMEDIES BY DECEMBER 20.

SO IT REALLY IS AN ONGOING
PROCESS. THE LAST TWO BIG CASES, MICROSOFT AND AT&T, TOOK NEARLY
A DECADE TO RESOLVE. CAROLINE: AND MICROSOFT APPEALED
SUCCESSFULLY. AT&T LESS SO.

SARAH, DO YOU THEREFORE THINK
OTHER CHANGES COULD BE MADE TO FIGHT THE IDEA THAT GOOGLE IS
MONOPOLISTIC IN SEARCH? WHAT COULD GOOGLE ENACT ITSELF?
SARAH: WELL, I THINK AT ISSUE ARE THE
CONTRACTS.

SO THE WAY THEY CONTRACT WITH
SAMSUNG OR THE OTHER OEM PROVIDERS. THAT COULD CHANGE.
BUT EVEN SO, THERE IS SO MUCH DYNAMISM IN THE MARKET.
SAMSUNG UPLOADS ITS OWN BROWSER.

I READ THAT IN THE DECISION.
OTHER ANDROID PLATFORMS, THEY HAVE THEIR OWN BROWSERS.
AND SO I THINK RIGHT NOW THE MARKET IS SO DYNAMIC TOO WITH
AI SEARCH WINDOWS. YOU KNOW, THE WAY GOOGLE
RESPONDS WILL HAVE TO REFLECT

WHAT IS HAPPENING IN THE AI
MARKET. CAROLINE: LET'S JUST TALK ABOUT AI AND
THE DATA THAT MAY BE THEY WOULD BE FORCED TO LICENSE -- MAYBE
THEY WOULD BE FORCED TO LICENSE

IN SOME WAY.
WOULD THAT AFFECT THE REST OF THE MARKET, NOT JUST GOOGLE?
SARAH: RIGHT. OPERATIONALLY, THAT WOULD BE
DIFFICULT TO WORK THROUGH SO THAT WOULD ALSO BE A YEARS LONG
PROCESS.

I DON'T KNOW HOW GREAT LAWYERS
ARE AT PRODUCT DESIGN. SO TO THE EXTENT THAT -- I
MEAN, THERE IS SOME TALK THEY MAY HAVE LICENSING TERMS --
FRAND LICENSING TERMS IN THE REMEDIES.
THAT IS SOMETHING FAMILIAR IN

THE INTELLECTUAL PROPERTY AND
STANDARDS WORLD, BUT THE LEVEL OF DATA SHARING AND OPENING THAT
PIPELINE OF AI DATA, THAT WOULD BE A VERY NEW TYPE OF REMEDY.
CAROLINE: WE CAN SEE FROM THE SHARE PRICE
THE MARKET IS NOT FREAKING OUT

ABOUT THIS, BUT THERE DOES SEEM
TO BE A CLOUD OVER GOOGLE FOR THE NEXT FEW YEARS, MAYBE EVEN
DECADE AS YOU WERE SAYING. WHAT ABOUT AN ADMINISTERED AND
CHANGE IN 2025?

DOES THAT BEAR ANY THOUGHT FOR
YOU? SARAH: YES. WHAT IS INTERESTING IS THE
FIRST TRUMP ADMINISTRATION BROUGHT THE SUIT.
SO YOU HAVE THAT. ALTHOUGH, THE ASSISTANT AG
RECUSED HIMSELF.

THIS CASE HAS A LONG HISTORY SO
FAR. YOU HEAR KIND OF MURMURS ABOUT
THE NEXT ADMINISTRATION WANTING TO CONTINUE THIS ACTIVITY.
BUT AT THE SAME TIME, YOU KNOW, THEY SEEM TO BE MORE
PRO-INNOVATION AND TECHNOLOGY.

WE WILL SEE WHOEVER IS ATTORNEY
GENERAL AND ASSISTANT ATTORNEY GENERAL, AT LEAST INSIDE THE
BELTWAY WE ARE ALL KIND OF GUESSING WHO IT COULD BE.
CAROLINE: SARAH, WE APPRECIATE THE TIME
AND ANALYSIS.

MEANWHILE, TALKING OF
REVELATORY LANDSCAPE, IN THE U.K., GOOGLE'S PARTNERSHIP HAS
AVOIDED -- GOOGLE'S PARTNERSHIP HAS AVOIDED FOR THIS WHICH ANY
EFFORT IT DOES NOT QUALIFY

UNDER MERGER RULES.
GOOGLE HAS NOT GAINED "MUCH OF REAL INFLUENCE"
OVER ANTHROPIC, WHICH INCLUDES A $2 BILLION INVESTMENT AND A
CLOUD AGREEMENT. COMING UP, SCALING SAFE AI
GOVERNANCE.

WE WILL BE JOINED BY NAVRINA
SINGH ON A NEW PARTNERSHIP WITH MICROSOFT. CAROLINE:
MICROSOFT WANTS TO MAKE IT EASIER TO SWITCH BETWEEN LARGE
LANGUAGE MODELS WITH ITS NEW

TOOL AZURE AI FOUNDRY, WHICH
COULD HELP CLOUD CUSTOMERS BUILD AND DEPLOY AI
APPLICATIONS. THE COMPANY IS GIVING AWAY THE
SOFTWARE IN THE HOPES OF PERSUADING CORPORATE CUSTOMERS
TO BUY MORE OF ITS CLOUD

SERVICES.
WE HAVE MORE ON WHAT IS BEING UNVEILED AT THE ANNUAL EVENT IN
CHICAGO. AND REALLY THE UNDERLYING
PROCESS IS WHAT? PEOPLE FEEL LIKE THEY CANNOT
FLIP FROM ONE GREAT MODEL TO

ANOTHER. >> THE WHOLE PRODUCT IS MEANT
TO MAKE IT EASIER TO GET YOUR MODELS PROGRAMMED, UP AND
RUNNING, AND DEPLOYED, BUT WE ARE SEEING THIS CONSTANT
JUMPING OF NEW MODELS COMING

OUT, WHETHER IT IS OPENAI
UPDATING THEIR MODELS AND ONE OF THEM IS BETTER FOR
REASONING, ONE OF THEM IS BETTER FOR ANSWERING QUESTIONS
THAT ARE MORE CONVERSATIONAL, AND THEN THERE ARE NUMEROUS
COMPETITORS MICROSOFT HAS --

COMPETITORS.
MICROSOFT HAS 1700, 1800 DIFFERENT MODELS THROUGH THIS
SERVICE. SO YOU FIGURE OUT WHAT IS THE
RIGHT ONE AND HOW DO YOU SWITCH IF YOU WANT TO UPDATE OR TRY
SOMETHING DIFFERENT?

THIS SOFTWARE HAS A BUNCH OF
DIFFERENT TOOLS THAT ALLOWS YOU TO EXPERIMENT WITH DIFFERENT
MODELS, SEE WHICH ONE WORKS BETTER, SWITCH MORE EASILY,
TRACK WHAT IS WORKING AND WHAT

ISN'T.
SO IF YOU WANT TO PUT YOUR OWN CORPORATE DATA INTO SOMEONE
ELSE'S MODEL IN ORDER TO FINE-TUNE IT, YOU
WANT TO KNOW IF IT IS -- FINE-TUNE IT, YOU WANT TO KNOW IF IT
IS MAKING IT BETTER.

CAROLINE:
AND THEY WANT PEOPLE TO SPEND MORE MONEY BECAUSE THEY ARE
HAVING TO SPEND A LOT OF MONEY TO INVEST IN CHIPS, FOR EXAMPLE.
THEY ARE BUILDING THEIR OWN AND SHOWING HOW NVIDIA'S CHIPS
WILL BE WORKING THROUGH THEIR

SYSTEM.
CAN YOU TALK US THROUGH THAT? DINA: TODAY THEY HAVE SAID IT IS
HANDLING CUSTOMER WORKLOADS IN THE AZURE OPENAI SERVICE.
THEY ALSO ANNOUNCED TWO NEW CHIPS TODAY.
ONE OF THEM IS FOR SECURITY

THAT WILL GO IN MICROSOFT'S
OWN DATA CENTERS TO SECURE THEM. AND ONE IS BASICALLY A
NETWORKING CHIP THAT TAKES A BUNCH OF THE DATA CRUNCHING OFF
OF THE OTHER CHIPS IN ORDER TO

MAKE THINGS FASTER.
SO THEY ARE NOW INCREASINGLY GETTING INTO THE POSITION
AMAZON HAS BEEN -- AMAZON WEB SERVICES HAS BEEN FOR A WHILE,
COMING UP WITH A BUNCH OF THEIR OWN CHIPS FOR TESTS AND THINGS
INSIDE THE DATA CENTER IN ORDER

TO MAKE SURE MICROSOFT CAN DO A
MUCH BETTER JOB OF TRAINING AI, SERVING APPLICATIONS, AND A
BUNCH OF OTHER THINGS YOU WOULD USE MICROSOFT CLOUD FOR.
THEY OBVIOUSLY STILL WORK VERY

CLOSELY WITH NVIDIA.
IT WILL TAKE A VERY LONG TIME, IF EVER, FOR AZURE TO BE ABLE TO
REPLACE NVIDIA IN ITS DATA CENTER, EVEN IF THEY ARE MOVING
SOME OF THE AI TRAFFIC ONTO THIS CHIP.

BUT AT THE SAME TIME, I SPOKE TO
THE CHIP DESIGN AND DEVELOPMENT PERSON AND SHE SAID EVERYTHING
NEEDS TO BE OPTIMIZED AT EVERY LAYER TO GET THE BEST POSSIBLE
PERFORMANCE BECAUSE MODELS ARE

GROWING SO RAPIDLY. CAROLINE:
WE THANK YOU. FOR MORE ON WHAT IS COMING OUT
OF MICROSOFT NAI, WE HAVE CREDO AI ANNOUNCING THEY ARE
PARTNERING WITH A TECH GIANT TO

END GOVERNANCE FOR APPLICATIONS
WHICH WILL HELP COMPANIES SAFELY ADOPT SOLUTIONS BUT
ENSURE COMPLIANCE IS THERE. NAVRINA SINGH IS JOINING US.
HOW MUCH OF THE BLOCKER IS

AROUND THE GOVERNANCE OF CLOUD
AI? NAVRINA: CAROLINE, GREAT TO BE HERE
TODAY. ONE OF THE THINGS WE FOUND IS
THERE IS A MASSIVE GAP BETWEEN SOLUTIONS AND PRACTICAL
BUSINESS APPLICATIONS, AND THE

ONLY WAY TO ACCELERATE THAT GAP
AND BRING AI INNOVATIONS TO IT IS THROUGH AI GOVERNANCE.
SO THIS IS WHERE WE ARE VERY EXCITED TO ANNOUNCE OUR
PARTNERSHIP TODAY WITH MICROSOFT AZURE AI FOUNDRY.
AND CREDO AI AS YOU KNOW IS THE

LEADING PROVIDER OF AI
GOVERNANCE SOLUTIONS, SO I WANT TO EMPHASIZE THE THREE THINGS
THIS PARTNERSHIP IS GOING TO BRING TO LIFE.
ONE IS END TO END GOVERNANCE OF AZURE AI APPS INCLUDING
GENERATIVE AI MULTIMODAL

ASSISTANCE AS WELL AS USE CASES.
SECONDLY, IS THIS COMPREHENSIVE UNIFIED CONTROL THAT DINA WAS
TALKING ABOUT, WHICH IS NEEDED FOR DEVELOPERS AND GOVERNANCE
LEADERS. LASTLY, THE SUPPORT FOR

GOVERNING, ESPECIALLY THE
CUTTING-EDGE SYSTEMS THAT ARE GETTING BROUGHT TO LIFE EACH
AND EVERY DAY LIKE GPT-4. SO CREDO AI IS EXCITED TO
PARTNER WITH MICROSOFT THROUGH AN
INDEPENDENT GOVERNANCE THERE.

CAROLINE:
TALK US THROUGH THE GOVERNANCE LAYER.
WHAT IS THE TECHNOLOGY THAT ENABLES YOU TO MONITOR
CONSISTENTLY, ENSURING THESE MODELS ARE DOING WHAT THEY SAY
THEY'RE DOING AND DOING THAT WITH

FAIR USE CASES AND ULTIMATELY NO
BIAS, FOR EXAMPLE? NAVRINA: YEAH, ABSOLUTELY.
SO CAROLINE, ONE OF THE CORE THINGS WE ARE FINDING WITH
ACCELERATING AI TRANSFORMATION

AND INNOVATION IS SOMETHING
CALLED AI ALIGNMENT. HOW DO YOU ACTUALLY ENSURE THAT
YOU ARE MEASURING THE HEALTH OF THESE AI SYSTEMS AGAINST THE
POLICIES, THE PRINCIPLES, THE

REGULATIONS, AI STANDARDS THAT
YOU CARE ABOUT? THIS IS WHERE CREDO AI MAKES THAT REALLY EASY FOR YOUR
BUSINESS EXPERTS AS WELL AS AI EXPERTS TO ALIGN ON WHAT THAT
LOOKS LIKE.

AND ONCE YOU HAVE LEARNED WHAT
THAT LOOKS LIKE, REALLY MEASURING YOUR AI SYSTEMS,
MODELS, DATA SETS AGAINST THOSE REQUIREMENTS.
AND THEN LASTLY, REALLY PUTTING THEM OUT IN A CONTINUOUS
MONITORING RISK MANAGEMENT AND

COMPLIANCE ENGINE SO THAT YOU
CAN MAKE SURE YOU ARE ALWAYS IN ALIGNMENT.
AND AS YOU CAN IMAGINE, CAROLINE, THIS IS REALLY
CRITICAL WITH THE AI AGENTS AND THE SYSTEMS THAT HAVE STARTED
TO TAKE A LOT OF EXCITEMENT AND

BUSINESS ORGANIZATIONS.
CAROLINE: MICROSOFT TALKING A LOT ABOUT
AI AGENTS TODAY. THE REAL WORLD IMPACT IS WHEN
WE HEAR PEOPLE ARE ACTUALLY KIND OF PLATEAUING IN THEIR OWN
USE, EMPLOYEES' USE OF AGENTS

AI, GENERATIVE AI IN THE
WORKPLACE BECAUSE THEY WILL BE DEEMED LAZY OR THEY DON'T
UNDERSTAND WHAT THE GOOD REST ARE FROM THOSE ABOVE THEM --
THE GUARDRAILS ARE FROM THOSE

ABOVE THEM. NAVRINA:
MOST OF THE ORGANIZATIONS, MORE THAN 70% OF THEM, DO NOT HAVE
GUARDRAILS IN PLACE. THIS IS WHERE CREDO AI
SOLUTIONS BECOME CRITICAL

BECAUSE WE ARE WORKING
GOVERNANCE FROM A SAFETY NET FOR AI INNOVATIONS.
WHAT WE ARE FINDING IN THE COMPANIES WE WORK WITH, WHETHER IT IS MASTERCARD AND OTHERS, IS
THAT WHEN YOU HAVE THE CLEARLY

DEFINED GUARDRAILS, EMPLOYEES
ARE MUCH MORE EXCITED TO USE THESE TECHNOLOGIES AT SCALE
WHEN IT COMES WITH GOVERNANCE, WHAT WE WILL SEE IS MUCH MORE EXCITED
AS WELL AS USE OF ARTIFICIAL

INTELLIGENCE AND TRANSFORMATION
WITHIN ORGANIZATIONS. CAROLINE: DO YOU THINK ANY OF THAT
REGULATORY GOVERNANCE, OUTLOOK, AND DESIRES WILL CHANGE UNDER
THE NEXT ADMINISTRATION IN THE

U.S.? NAVRINA:
YOU KNOW, ONE OF THE EXCITING THINGS IS AI IS ACTUALLY
CENTRAL TO THE STRATEGY AND REGARDLESS OF THE
ADMINISTRATION -- NOT RESPECTIVE OF THE
ADMINISTRATION.

WE ARE LOOKING AT IT MORE
HOLISTICALLY, SO MORE TO COME ON THAT -- WITH THAT BUT THERE
IS EXCITEMENT ON HOW YOU USE AI FOR TRANSFORMING GOVERNMENT AS
WELL AS MAKING SURE THE UNITED

STATES COMPETITIVENESS IN THE
WORLD CONTINUES TO STAY AT THE FOREFRONT. CAROLINE:
NAVRINA SINGH, CREDO AI CEO, ON THE NEW PARTNERSHIP WITH
MICROSOFT.

COMING UP, A NEW COMPLIANCE
PLAN AND AUDITORS -- ON AUDITORS SENT MICRO SHARE IS
SOARING. CAROLINE:
LET'S CHECK IN ON THE SHARES OF SUPERMICRO, JUMPING AFTER THE
COMPANY HIRED A NEW AUDITOR,

FILED A PLAN TO COME INTO
COMPLIANCE. BRODY FORD JOINS US. UP 33% BUT STILL WAY OFF OF OUR
HIGHS. TALK US THROUGH WHY BDO FOR
EXAMPLE IS NOW WITHIN TO WORK

WITH SUPER MICRO COMPUTER. >> YEAH.
IT IS QUITE A DRAMATIC EPISODE. BACKING UP A LITTLE BIT,
SUPERMICRO MISSED A DEADLINE TO FILE FINANCIALS BACK IN AUGUST.
THEN THEIR AUDITOR RESIGNED

SAYING WE ARE NOT WILLING TO BE
ASSOCIATED WITH THESE NUMBERS. THIS IS SCARY STUFF.
YOU DO NOT SEE THIS TOO OFTEN. SO IT WAS UP TO THE WIRE HERE. SUPER MICRO HAD TO FIND A NEW
AUDITOR TO AVOID DELISTING.

ON THE VERY LAST DAY YESTERDAY
EVENING, THEY FOUND BDO. AND BDO IS A FAIRLY MAJOR
AUDITOR BUT IT IS WORTH NOTING THEY ARE NOT ONE OF THE BIG
FOUR.

THEY ARE THE FIFTH OR SIXTH
DEPENDING ON WHO YOU LISTEN TO BUT WHAT MATTERS IS THEY ARE
AN AUDITOR AND WILLING TO TRY TO HELP SUPER MICRO GET BACK
INTO COMPLIANCE, WHICH BUYS

THEM A COUPLE MORE MONTHS
BEFORE ANOTHER DEADLINE. CAROLINE:
FEBRUARY IS LIKELY WHEN THE DOCUMENT DEADLINE IS --
FEBRUARY IS LIKELY WHEN THE DOCUMENT DEADLINE IS GOING TO
BE PUSHED TO.

OUSTED OUT OF THE NASDAQ,
THEREFORE LIQUIDITY WILL BE FAR MORE DIFFICULT IF THEY WILL
BE FORCED TO SELL THEIR HOLDINGS, RIGHT? BRODY: FEBRUARY SOUNDS LIKE FOREVER
FROM NOW BUT IN THE ACCOUNTING

WORLD IT IS VERY SHORT BECAUSE
THEY ESSENTIALLY HAVE TO GO BACK THROUGH ALL OF THEIR
FINANCIALS AND FIGURE OUT THERE WAS SOME ISSUE MAYBE AROUND
PROCESSES, MAYBE A NEW

STATEMENT IS NEEDED -- MAYBE A
NEW STATEMENT IS NEEDED. LET'S SAY THEY WERE DELISTED.
WHAT WOULD HAPPEN IS A SIGNIFICANT AMOUNT OF THEIR
SHAREHOLDERS ARE PASSIVE,

MEANING IT WOULD BE AUTOMATIC
SELLING. IT IS POSSIBLE THEY WOULD HAVE
TO REPAY SOME OF THEIR BONDS EARLY.
THAT IS ABOUT $1.7 BILLION OR SO.
ESSENTIALLY, SUPER MICRO WILL

DO EVERYTHING WITHIN ITS POWER
TO AVOID THAT SCENARIO, AND IT'S ALL IT'S JUST GOT A WHOLE
LOT BETTER AFTER YESTERDAY'S NEWS. CAROLINE:
MEANWHILE, IT STILL FACES A DOJ

PROBE, WE UNDERSTAND. BRODY:
THANK YOU. CAROLINE: COMING UP, WE WILL BE
DISCUSSING ALL THINGS CHILD SAFETY ONLINE PARTICULARLY IN
THE GAMING WORLD WITH THE CHIEF

SAFETY OFFICER OF ROBLOX OFF
THE BACK OF ITS LATEST RULES AND REGULATIONS, SELF-IMPOSED,
TO ENSURE THAT CHILD SAFETY REMAINS TOP OF MIND FOR THE
COMPANY.

WE ARE KEEPING AN EYE ON THE
MARKETS. SUPER MICRO UP MORE THAN A THIRD. NVIDIA UP 2.7%. A KEY CONTRIBUTOR TO THE NASDAQ
AND THE BENCHMARKS TODAY.

THIS IS "BLOOMBERG TECHNOLOGY."
♪ CAROLINE:
WELCOME BACK TO "BLOOMBERG TECHNOLOGY."
I'M CAROLINE HYDE IN NEW YORK. IT IS NOW TIME FOR TALKING TECH.
BUT FIRST, A SELL OUT IN

MINUTES AFTER A SUBSCRIPTION WAS
OPEN FOR TALABAT. THE FINAL PRICE OF THE OFFER
WILL BE ANNOUNCED WITH SHARES STARTING TRADING ON DECEMBER 10.
APPLE IS OFFERING INDONESIA

$100 MILLION IN INVESTMENT AS
THEY HOPE TO LIFT A SALES BAN ON THE IPHONE 16.
THE PROPOSAL IS AN INCREASE OF A PRIOR OFFER OF $10 MILLION
MADE LAST MONTH.

INDONESIA'S MINISTRY OF
INDUSTRY HAS NOT MADE A FINAL DECISION ON THE REVISED OFFER. SONY IS EXPLORING A TAKEOVER OF
A PUBLISHER, MAKER OF THE HIT GAME "ELDEN RING."

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