彭博直播复盘多条AI与数据中心新闻，未形成新的可交易单一催化

【实时直播转录 · Bloomberg TV+】
来源:Bloomberg TV+(bloomberg 直播间 btv_us) · 标题:Bloomberg TV+
时段:2026-07-29 23:00–23:30(Asia/Shanghai),共 203 段
说明:以下为该时段该直播间的连续语音转录(直播 ASR,可能有同音/识别误差)。请从中识别与 AI算力/芯片/服务器/光模块/液冷/数据中心/大模型/机器人·具身智能/自动驾驶 等相关的、**可交易**的公司/产品/订单/产能/需求/合作/高管或官员表态,判断是否构成可交易事件;若通篇无可交易内容,判为不做。识别误差请结合上下文与常识修正,勿据孤立音近词臆断。

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[23:00] 🎼AI spending next up, Microsoft Me and a Fed decision will break it all down There's an AI spending paradox.😊
[23:00] Korea's SK Heinix just reported a sixfold jump in profit and raised capital spending to a record 31 billion now under normal circumstancesstance.
[23:00] 🎼That would be a positive for the memory chip maker instead, investors sent Korean shares of the market leader in high bandwidth memory for AI.😊
[23:00] 🎼Nearly7% its US listed ADR is basically flat right now, the concerns over AI spending, whether it willll ultimately pay off oversha.😡
[23:00] 🎼Another blockbuster quarter, that sism weighing on chip stock more broadly. Look at the Nasdaq 100 than socks. The NasSdaq 100 is down for.
[23:00] 🎼straight session, longest streak of decline since October 2022, the sockss down for a fifth day, matching the run of losses.
[23:00] 🎼It saw in December, up next in earnings, Microsoft and Meta, but for now, let's kick it off with memory Bberg.😡
[23:01] lig analyst Jake Silman here on Sk Hyix. What was the takeaway for you, I mean, as I said in any other quarter this.
[23:01] Could have been a big blockbuster blow out for Sk. Yeah, I think part of what investors are focusing on right now is just.
[23:01] Pricing price increases quarter over quarter, and overall esKhans kind of missed these lofty expectations.
[23:01] And that's been building just because AI demand has been so strong, it's really been crowding out demand for other products.
[23:01] A lot of the capacity that SK Hex has is allocated towards AI, and so that's just created an environment of a lot of ex.
[23:01] Aro that and that's really ultimately the main takeaway, but another important couple of things just to keep in.
[23:01] Md is one is just, there seems to have been some idiosyncratic issues in the quarter around timing of product mix and then also.
[23:01] The long term contracts, which is really what investors are focusing on, they want a little bit more visibility in terms of demand long term.
[23:02] That's so interesting because you SK would say there's been a change in customer behavior, you know, historically memory is high.
[23:02] S the whole boom and bust. But customers have said we're willing to commit. Just talk a little bit more about that, Jake, The change in how the market.
[23:02] It works, but also why it's not a big positive signal right now. Yeah, so typically in the past, what we've seen is customers signing monthly.
[23:02] Ty more like quarterly contracts and a lot of that was because the demand was mostly coming from smartphones, PCs, consumer devices.
[23:02] Ccreasingly over the last several years, cloud and now more AI demand, and so because AI demand is really.
[23:02] It's growing at a pace that's really unprecedented and a lot of this is just because memory is far more, sorry, AI is far more memory intensive.
[23:02] relative to other applications that we've seen in the past, and so because of this, as you're building out these massive data centers,
[23:03] And there's so many of them, you just the customers need assurances that they can get the supply because there's been an underinvesment in.
[23:03] Past in terms of memory capacity. So now that's charter, there's kind of a give and take in terms of supply and.
[23:03] Man the memory makers need to add more capacity, but they can't add it fast enough to meet the demand jman of Bberg intelligence.
[23:03] memoryThank you very much. The AI selloff is taking a toll on kyosha. The Japanese memory maker has received its first analyst price.😊
[23:03] cut in nearly a year with Philip Securities slashing its target by roughly 40%. The firm sided lower valuations.
[23:03] Aross memory chip peers, but maintained its by ratingrating San Geosha's long term growth story remains intact as demand for AI storage.
[23:03] And N flash memory continues to build. The money keeps pouring into China's AI race. Moonshot AI has race.
[23:03] $3.5 billion at a $35 billion valuation, according to sources, fast surpassing its original fundraising target.
[23:04] After the breakout success of its Kimmi K3 model, they're not stopping their Bluemo Bailey Lipschultz on the IPO and capital markets.😊
[23:04] we've been reporting about this for some time now, but it's confusing because Moonshot is basically.😡
[23:04] ing this round seems like it's done and then doing a quick follow on, Give us all the details we need. And it's crazy how fast some of these deals are coming.😊
[23:04] So as you mentioned,3 and a5 billion at a $35 billion valuation above what moonshot was targeting, but it has been out to investors looking to raise.
[23:04] Another private round at about a $50 billion valuation. So you're already talking going from 35 to 50 billion pre money and that's all.
[23:04] Head of an IPO in hong Kongong as soon as the end of this year, so you're looking at a company that was worth closer to $10,$11 billion end of last year.
[23:04] A league this year and targeting, again, $50 billion pre money in a private round followed by an IPO as soon as the end of this year, the momentum.
[23:05] Very much alive and well on the other side of the world we've covered in great detail the release of kmi k3.
[23:05] of that open weight model on markets. You're the IPO guy. You're my IPO guy. And I think what was really interesting here.
[23:05] This seems very close proximity, So you have the $35 billion valuation round, $50 billion valuation round. And you just told us an IP.
[23:05] Waiing the wings, is that how it normally works in any jurisdiction to have those things so close together, not normally normal.
[23:05] We would look at a market that you kind of stagger out these fundraisers and they'd be formal and you'd say series A through C or D and then go.
[23:05] Public, but we are not a normal market environment when you look at how closely tied these deals are, the big question comes back to what.
[23:05] mooonshot targeting what are these companies who are raising money actually targeting what are their capital needs, are they raising3 and a half billion now to me?
[23:05] You make a bit of a sweet heart deal and try to kind of bridge to the next round, or is the question really scaling valuation?
[23:06] In the right investors privately who then can make off pretty darn well in an IPO later on this year, we've seen how quickly some of these IPO.
[23:06] Wdows can open and shut so the big question coming back to moonshot or even when we talk here in the U about an anthropic, is there going to be steady investor demand?
[23:06] Through the end of this year and into next year what do those valuation expectations look like and really at the end of the day, what do the numbers look like?
[23:06] Compan that have high watermarks in the private market and they need to deliver in the public markets Bo of the.
[23:06] 🎼Fread stories in the private markets, precursor to something in the public markets. Maybe thank you very much. cominging up before the hugging.
[23:06] 🎼Space attack and hack open AI's models access to customer account on a different cloud platform We have the details.😊
[23:06] Next, this is Blue back Tech.
[23:07] 🎼In case you missed this on the opening trade, the history of technology has not been more leisure, right.
[23:07] 🎼Dishwashers at home, but we don't spend less time in the kitchen. So my thesis is that there's an aggregate job opportunity ramp does.
[23:07] 🎼Enterprise payments, expenses, revealveello, looks at labor market data, and they actually find companies that spend more on AI are hiring more.
[23:08] 🎼So the data shows about six to 12 month lag, but 10% more workers, there's an interesting story there, not a churn in the labor market, but then maybe not.
[23:08] 🎼Lower employment absolutely, I think there will be shifts right, and we can't get away from that, but in aggregate, I think there's more opportunity.
[23:08] 🎼I to be doing more types of work and there's a lot of latent work that's just not happening and you still need to hire the young people. Is that also the message absolutely.
[23:08] 🎼I mean,ello's analysis said they were hiring more young people, so 10% overall, 12% more young people don't.😊
[23:08] dayWelcome to Bloomberg this week I'm I'm.
[23:08] Chrisristina raffi we' tracking breaking news today from wall street to washington let's start over seeing bloomberg this weekend bringing a little bloom into your.
[23:08] 🎼The routine what listen stream the multi trillion dollar industry will show you what's happening in E.
[23:09] Like no one else ETFIQ Mondays on bloomberg.
[23:09] 🎼The open AI models that hacked the startup Huging face earlier this month also gained access to a customer.
[23:09] Acount on the cloud platform Moal Bloomberg tech managing editor Sarah Frery joins us with the details. really tricky to follow.😊
[23:09] long, but I suppose let's start with the basics. This is different to hugging face. This was a sandbox environment.
[23:09] Not the modal platform itself, what do we need to know Well, I think what we need to understand here is that this is leading.
[23:09] To an increase in the fears over AI agents going beyond what.
[23:09] They're what they're asked to do, and this was a big concern with anthropic earlier this year and these recent incidents are both with oak.
[23:10] II imagine there's a lot more than this hugging face incident and this modal incident that we need to learn about.
[23:10] UnderWe have a lot of more questions, honestly, about how exactly this happened, why Modal didn't notice how do we.
[23:10] From happening again and what might happen if anything in washington is a response.
[23:10] That this was a sandboxed environment, so even though the models were able to access it, it didn't act outside the band of.
[23:10] Ting environment, we still don't really have a conclusion on the open AI hugging face, right. there was an investigation that was ongoing.
[23:10] I don't know that they've released any sort of conclusive report on that, but just go back to what you mentioned about government. There's something needs to happen next, right?
[23:10] Right, I mean, I think that this is one of the things that the leaders in AI have been talking about for years.
[23:11] Now, the idea that an AI may act beyond what a human has intended for it to do.
[23:11] And do it in a way that can be harmful to a to its customers on the flip side AI.
[23:11] Become very adept at finding security vulnerability. So it can be a help for cybersecurity in that sense. but this is.
[23:11] Exactly the kind of thing that we're going to need to understand a lot more about because we just can'.
[23:11] tCreate a solution for these problems unless we understand exactly how they happened.
[23:11] Ms the team covering all things tech out of New York. Thank you very much Nvi CEO Ws defending open AI systems.😊
[23:11] Lawmakers weigh the challenge posed by Chinese startup Moonshot AI whose model rivals those from enthropic and open.
[23:11] It's open weight model Huang met with politicians in Washington on Tuesday, saying afterwards the open weight systems are quote,re important.😊
[23:12] For the vibrancy of the whole industry. Meanwhile, more than 1 workers from top AI firms have signed.
[23:12] Caing on the U government to help quote deliberately pace AI developmenties of the letter.
[23:12] Ceo of Anthropic and the chief scientists from Open AI and Meta superintelligence Lab, the getmore, Bloomberg's AI editor.😊
[23:12] Seth Fiigerman's with us, this has been playing out on social media too as more high profile names become literal sign.😊
[23:12] Let's start with the idea, like what is it that this group of those in industry researchers working on AI?
[23:12] Are trying to affect what is the result that they're looking for. Yeah, you know, Ed it's really a moment to step back and take stock of.
[23:12] We're calling for basically a technical and policy framework that governments or an international group could use.
[23:13] At some point, if necessary, to quote, deliberately pace AI development, they're not specifically calling to.
[23:13] down, though that seems to be the implication and you know, the backs storyory seems to be both a growing awareness that.
[23:13] AI might one day be able to kind of automate itself that they're building technology that can kind of conduct its own research and development and start it to kind of super.
[23:13] Or going accelerate that development in ways that could potentially create runaway AI progress that we may not be there at the moment, and then as you were just talking about,
[23:13] It comes days after the first of now two different but related breaches from opening eyes technology that have raised heightened control.
[23:13] Let's use Anthropic as a case study, they made a social post on Tuesday yesterday.
[23:13] Explaining their people's participation, they are one of the leading frontier labs working on.
[23:13] Advancing AI and they're saying we're okay. we've joining this effort to let's call it slow it down. You're right And in some ways it' actually.
[23:14] Borrowing from some of Anthropic's earlier rhetoric, I mean, you might recall that Jack Clark, one of Anthropic's cofoers, you know, had put out a lengthy posts.
[23:14] Weeks or maybe a couple months ago calling for the idea that maybe we would want a pause button or a mechanism to pause.
[23:14] I developed and stopping short of saying we need get now or that's definitive but kind of introducing that idea and I think that thought has been percolating a lot.
[23:14] Now in recent weeks, whether it's Des Hasabba kind of calling for some sort of international framework or a FinNra type organization to.
[23:14] Vt and review models or a more explicit call to slow or pause development again, there's a lot of ifs ands or butts here, but it seems like the industry.
[23:14] Is increasingly captivated by this thought there needs to be some mechanism to slow, pause or rethink the pace of development to NSCF.
[23:14] The petition is urging the US government to do something, to take some kind of action in conjunction with something that's happening around the world.
[23:15] Any way in different jurisdictions, do we have a sense of what that would look like from the US government, Are we talking about Congress taking action in executive?
[23:15] What's the mechanism You're certainly in that petition, they're not spelling it out, but coming weeks after Des and Sam.
[23:15] M have kind of been advocating for more of an international coalition, I would think of it in that mold, you know, I don't know if that's just the Trump administration.
[23:15] Lending and support or a particular piece of legislation from Congress, but I think it's the idea of the US working with part of an international body.
[23:15] To begin to rethink how we govern this technology, Bloomberg Seigman, who is our AI editor here at Bloomberg New.
[23:15] On a really critical, important story read it Rachel Meitch Srigafari reporting on the terminal.
[23:15] 🎼ported its second quarter earnings earlier this morning, CEO Anthonyy Notos back with us on the show next there's lots of questions around growing.😊
[23:15] 🎼The outlook, Neobanks, tech in finance and the Fed that's next.
[23:16] Back.
[23:16] Going be each week on Wall Street Week for stories of.
[23:17] Capitalism from business, markets, economics, and climate more than what you need to know. it's what you need to think about.
[23:17] Ho executives, global innovators join me for in depth conversations with the biggest newsmakers on the days.
[23:17] 🎼stories with on only on in case you missed it on break.
[23:17] 🎼We talks going with the EU regulator on this though Look, as I told you, I interact a lot with Americans and Chinese players.
[23:17] And we see Trump fighting for their companies all the time. We see the Chinese fighting for their companies all the time. here in Europe, I feel I'm fighting against the.
[23:17] Ouropean regulators, not that they are fighting for us. They are fighting against us. It's a big mistake because we need to have really big global tech leaders in Europe.
[23:17] 🎼Daybreak Europe live every weekday're at the epicenter of a global realignment on a scale.😊
[23:17] 🎼Decades at the intersection between markets, economics and geopolitics, a forum for sophisticated conversation this.
[23:18] 🎼Is Blinberg surveillance.
[23:18] It's time now for talking tech.
[23:18] I'mhara on on first up, executives and investors tied to the AI supply chain were among the biggest insider sellers in the second quarter benefiting.
[23:18] From the sharp and volatile rally of tech stocks, those include executives of companies like NviIDdia, Corweve and Twilio.
[23:18] Plus, the largest US power utility next era energy is joining forces with brookfield to build a $100 billion data center camp.
[23:18] In Kentuckyent, the privately funded efforts will transform a cold or uranium enrichment facility into a data center.
[23:18] With generating plants adding to growing efforts to add new electric capacity and canada is.
[23:19] Tax plan that would have forced entertainment companies like Netflixflix and dis to pay more after receiving pushback from U.. officials.
[23:19] And hollywood studio streaming platforms above a certain size will still need to reinvest a percentage of their revenues into can.
[23:19] 🎼gen you your hirea sofi reporting second quarter results before the opening bell the company.😊
[23:19] Posed record revenue $1 billion, but also raised its full year revenue outlook. The bit that's unchanged is the earnings guidance. Look at shares down.
[23:19] 8.4% right now on track as it stands for its biggest drop since late April there had been.
[23:19] Deeper decline earlier in the session. joiningining us now is Sofi CEO Anthony Nodo record revenue and the outlook for the balance.
[23:19] This year, it's really interesting, like projects a lot of confidence, let's just address the stock move and the story of the quarter.
[23:19] You know maybe the street felt like you needed to take the bottom line with you in your confidence Yeah I think you're right the quarter was incredibly strong.
[23:20] It was our 19th consecutive quarter of more than a rule of 40, it was actually a rule of 70 with 40% revenue growth to 1.2.
[23:20] and over a billion dollars of cash revenue and our EBITDA margin was 30%, and we had really strong net income margin.
[23:20] The street likes the trend in the business today, credits performed well, our new products are getting great adoption, we're seeing the flywheel being a one stop.
[23:20] Driving success and increased products per member, so really positive story fundamentally in Q2.
[23:20] In Q3, we expect that fundamental story to remain intact and continued strong member growth, product growth and product per member growth.
[23:20] With good profitability, we did raise our revenue expectations for the year and the back half of the year, but we left earnings unchanged primarily.
[23:20] Because we want to make sure that we keep investing in the business to maintain these high levels of revenue growth for a longer period of time.
[23:21] And in addition to that, we're also now anticipating two rate increases as opposed to the beginning of the year when we anticipated two rate decreases.
[23:21] And that creates some uncertainty and so we decided to have a little bit of a cushion as it relates to earnings if something like that unfolds, but we couldn't.
[23:21] More confident in the business and the long term profitability of the business it's just we're not going to take earnings up in the near term to try to drive more.
[23:21] favorability that will be short term beneficial, but not long term prudent.
[23:21] Why not it's Fed Day, No one wants to talk to the tech guy on Fed Day Anthony, to be honest with you. and I just want to partake in it like everyone else.
[23:21] You explained it, your assumption reflects one to two hikes rather than cuts, you know, put sort of the numbers and money.
[23:21] Pogon to one side, how does that change how you think about the world about how the economy grows about the consumer in the back half of this year?
[23:21] Yeah, I mean, if the Fed is raising rates, that means we have a strong economy and we're trying to maintain stable inflation.
[23:22] Um, in a environment which rates going up one to 2 percent will perform very well on the revenue line, which is why we're still forecasting strong revenue.
[23:22] And I think ultimately we'll perform really well on the bottom line, we're already in our guidance in you know, providing guidance of a net income.
[23:22] Margin on an incremental basis of 30%, which is our long term profile where we can get to, so it doesn't really change that.
[23:22] It just eliminates some of the upside that one may have called today compared to a different environment, I think as stable.
[23:22] Econ with unemployment below 5%, inflation around2 to 3 percent is a great backdrop for our business.
[23:22] And even better backdrop for our business is if rates were declining, final questions on the economic side,?
[23:22] What does the health of your customer look like and not just the help but, what are the behaviors of your customers in this environment, We've gone over in the past you and I.
[23:23] GraphicsAnd who you're serving. so how are they behaving Their customer' behavior is very strong. We see very strong.
[23:23] Levels of spending, we annualized that at about $30 billion of debit spending a year, we're seeing very strong trends in credit.
[23:23] Which we reported continuing, we're seeing good inflows into our invest business assets under management standpoint and we're seeing.
[23:23] People take out more products. There definitely is a desire to reduce the cost of debt, and we saw record levels of origination.
[23:23] Across our unsecured personal loans, our student loan refinancing and our home equity lines of credit and home equity loans.
[23:23] It's a secured loan that has a lower interest rate so and we recently launched small medium business and we see a lot of demand for small medium business loans as well.
[23:23] So from our vantage point, the economy looks very strong, inflation isn't causing consumers to hold back, we're not seeing an uptick in unly.
[23:23] We're not seeing any deviation on the credit side. Let's talk about AI. When we went through the big bank earnings. there's debate on how.
[23:24] AI is really reshaping financial services and the investment that's required for Sofi today, Where is AI.
[23:24] Having an impact, you know, across underwriting, customer service, fraud detection, something that's real right now the first thing.
[23:24] Where it's having an impact is actually on code production, we have a unit of work within our engineering group called a S.
[23:24] Historically a squad consists of seven people today a squad is going to consist of four people that can produce the same amount of code as seven.
[23:24] People, so that's a huge productivity savings from AI capabilities, it also helps with testing on the cost side of the equation where.
[23:24] res it to automate fraud investigations, we're using it to automate dispute resolutions, we're using it to help with customer service.
[23:24] Underwriting side, we're not really using it to predict the ability for people to pay because we underwrite to their actual cash flow based on their.
[23:25] Income and their expenses I do think that AI is helpful in verifying some potential outliers or finding them.
[23:25] That could be fraudulent activity, first party fraud where an individual has no intent to repay their obligations and then on the.
[23:25] Overall, value Pro Sofi side the equation, we've launched something called SoFfi Coach, which is a chatbot that's driven all by AI.
[23:25] You can ask any question about your financial life and it'll help you get your money right, you can ask if you refinance your mortgage where you should invest, how do you lower your cost?
[23:25] S your expenses, should you be investing more, and it's a super powerful engine based on the data that we uniquely have because we're one.
[23:25] S shop we have data across checking and savings accounts across loans, across mortgages, across investing across credit cards and across insurance.
[23:25] So we have not just a great engine of information that can drive great AI solutions, but the data is a huge differential.
[23:25] 🎼And we're seeing really positive effects of that so far CEOo Anton Nodo, a great picture on digital finance in the real world.
[23:26] 🎼Appreciate that a lot thank you very much coming up Oracles Larry Edison could possibly shell out almost 10 billion in fees if the Paramount Warner Brothers merger.😊
[23:26] 🎼completely Go more on that next. This is what markets look like, right, We're kind of treading water to Microsoft and meta after the bell. There is a.
[23:26] 🎼Decis this afternoon, but there is downward pressure as's that 100 down for a sixth day, this is Bloomberg Tech.😊
[23:27] TheWorld's most powerful investors don't bring a bell, they quietly reshape entire industries.
[23:27] This is the money shaping the world, the deal maker playbook where power and billions of dollars change hands every day from private equity and credit.
[23:27] To venture capital in M&A, we bring you the inside scoop on the biggest deals and debates, plus exclusive conversations with finance's ultimate inside.
[23:27] 🎼Great scoop on this. You've been reporting about an activist investor coming up and trying to shake things at what's the latest We've been that there was going to be an activist.
[23:28] 🎼At some point the question wasver of technology and national security is a big country in the northst economy.
[23:28] As big as the United Kingdom this is a really interesting space to watch, we're expecting more consolidation as this is Bloomberg deals at Bloomberg invest.
[23:28] I want to talk about the broader deal in M&A environment this is a moment in time we'll see how long we're here it's far too early to call.
[23:28] Under investmentment in what's going on in private markets, because everyone's looking for additional AI cloud capacity.
[23:28] And it's very tough to build everybody wants to get things going and the IPO market is just one symptom of it is an early indicator of what we're going to.
[23:28] in the market let's go to scarlet food, who's taking a closer look at drone companies with ongoing conflicts in the Middle East and uk theres renewed investor.
[23:28] new names in Excel I'm danny burgerger and this is bloomberg deals every we at.
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[23:29] 🎼Welcome back to Bloomberg Tech, Microsoft and Me Have earnings after the Bellll Day's a Fed decision this afternoon.😊