Today. Caroline and we sit down with the buy now pay later ipo. But first, whats trading in the Public Markets . Maybe a bit of a reprieve and spirits, even with the ppi number that produced a price index that came in hotter than anticipated with a sign of ling in the key areas the fed will be focusing on here in the u. S. , pulling up in the nasdaq, notably even though we saw initial kneejerk selloff it is back to rallying on the twoyear yield. Shining light on whats happening in the highly shorted names like stop, amc, an extraordinary rally for no fundamental reason with high Short Interest stocks, bet against in the rocks market. Moving on to have a look at whats happening on the world of bitcoin, no move or read across from the meme frenzy to the crypto frenzy. Bitcoin, selling off a bit. We heard from key players within the crypto severe saying look, we will be range bound, currently at 62,000. What are you watching . Ed theres a lot of technology to fit to today. Lets go to china, the chairs of alibaba and tencent. Theres fighting talk about ai, fighting talk about the spending power of the Chinese Consumer, but those shares are lower compare and contrast with tencent, a lot of added growth nvidia. We chat seeing a big surge in usage. We will go to coverage on those key china names. The google igo later today, alphabet showing its hands, we think, on the next offering in Artificial Intelligence. The top story, amazon, amazon web services, the cloud unit of amazon. The Company Announcing that Adam Zielinski is stepping down as the ceo of aws on june 3. Matt garmon, who started as an intern in 2005 product leaders, will take over as you know. Shares are off of session lows, down and asking if this is bad for the cash cow and who is matt garman . Lets start with the news at hand. Why is Adam Zielinski stepping down as ceo and should we be worried about the health of aws . After listening to andy jaffe say it, adam solicits adamson lipsky Adam Selipsky said they would talk later about getting it in shape. Now hes considering other challenges. Nobody detailed that there males. We just know that he is out as of last month next month. Well caroline wellearned rest before he moves on to his next challenge. Who is matt harmon . Mba intern turning key executive . Matt thats right, he joined as an intern in 2005. Health to set pricing for the first names of the products on the market. Since then he spent most of his time as an engineering leader. Back in 2020 he found himself running sales and marketing and like he was getting set up to succeed andy jassy. Turned out he brought back so lipsky, but this was not a surprise to anyone who followed that trajectory. Ed the market was a bit worried, if you call a percentage point line a kneejerk reaction. The question is, what happens next aws . That still accounts for a majority of the operating income for amazon. The new figure that they are giving us is this run of 100 billion dollars in revenue. Some where aws sits today. Matt its the biggest Cloud Computing company. A bunch of pressure has come hop on the last year and their biggest corporate customers are looking to cut costs, bringing growth down to record lows. They bumped up beyond that, which the market seems to like well enough. The market likes even more than Artificial Intelligence revenue is starting to minute materialize, saying that they are on pace for their couple of billion dollar business over the course of year. Not a detail number, but assigned that amazon is gaining momentum after being eaten out of the gate in terms of generative ai services. Its still there cash cow and accounts for the vast majority of their operating order profit. Their business has been under pressure for a couple of years, certain. Caroline is it fair to characterize it as beaten out of the gate, or did not generative ai . Matt a little bit of both. Amazon has been working on Machine Learning for years and years, as they will tell you. If you go back to when openai released the chat gpt that shock to the world, generative ai wasnt in the conversation. When it into embedding generative ai products to services on the market, microsoft and google got their real. Amazon is working to catch up further, but it is safe to say that at the outset, they were a couple of steps hind. Caroline matt day, on all things aws, thank you for taking us through the key news. Coming up, another key executive to go public. Sebastian salek kospi, coming up in the studio. This is bloomberg technology. Usiness, all it takes is an idea, and now becomes the future where you grew a dream into a reality. The all new godaddy airo. Put your Business Online in minutes with the power of ai. So, what are you thinking . Im thinking. speaking to self about our honeymoon. What about africa . Safari . Hot air balloon ride . Swim with elephants . Wait, can we afford a safari . Great question. Like everything, it takes a little planning. Or, put the money towards a downpayment. On a ranch. In montana. With horses lets take a look at those scenarios. J. P. Morgan Wealth Management has advisors in chase branches and tools, like wealth plan to keep you on track. When youre planning for it all. The answer is j. P. Morgan Wealth Management. How am i going to find a doctor when im hallucinating . What about zocdoc . So many options. Yeah, and dr. Xichun even takes your sketchy insurance. Xichun, xichun, xichun youve got more options than you know. Book now. Caroline we have got to talk about klarna, the buy now pay later firm eyeballing ipo and we wonder whether they are going to do that. First quarter of next year . Thats according to reports now. Its been a big year for generative ai, which this company is doing. Sebastian is the klarna ceo and i want to start with what all investors are interested in, your eying of the Public Markets. We here as soon as you one. How much more ts dotting do you need to do at the moment . Sebastian ive heard those rumors, but for us its always been about wanting to establish ourselves as a Global Business and success in the u. S. Now with almost 20 million users in the u. S. And it being our largest market by revenue, that criteria has been met and we are definitely ready. Caroline we will get into your products in a moment, but when you call it an interesting rumor, could you go sooner . Sebastian anythings possible. Ed good morning to you, sebastian lets think about where you might list in the context of your business. You have grown 32 in this country over the last year. Why is that . Why are you seeing strength u. S. Market . Sebastian its interesting, theres a study from 15 from kinsey that shows that in the market there is a growing number of consumers very tired of how credit cards work. You can seal the bad practices banks have to push people into them to build up as big a balance as possible. These are selfaware avoid or is, people looking for simple products, zero interest, they are 20 of the u. S. Population. By now pay later speaks directly to this audience and i think thats the most to next one nation for success in the u. S. Ed later in the program we are talking about alibaba. Sentimentally, they are not paired to spend. Psychologically, compared and contrasted with the United States, are here talking about credit card use and levels. That psychologically to u. S. Consumers seems prepared to spend. What do you make of that and what do you see through your platform . Sebastian exactly that. When i saw the christmas sales, i felt it was a little discount driven. I wasnt clear how much of it was merchants trying to offload sock through discount and how much of it was consumer strength, so to speak. With a few more months in the bag, Consumer Spending is holding up well and there is that demand across all categories that we cover. As much as we are associated with uber, eight airbnb and other big american bear brands, we can see it across the board. Caroline you have been building up a focus in the u. S. , but you are meant to be the anticredit card company, the idea of the spiraling debt that is mounting there. How are you doing it differently and why . Sebastian to me the card is a delivery mechanism in even if we are only orally of the top retailers, we want to make it available everywhere. The key difference versus the credit card is how you use it. When i worked at working back in the day, one for debit and two for credit. It made a lot of sense that you didnt use credit for every purchase but the banks abandon that because they wanted you to build up a monthly statement as big as possible, putting everything on it, increasing the likelihood of revolving. Remember, credit card balance is usually 5,500. With klarna, its 150. For us the ability to have the option between debit and credit is fundamental, key in providing fundamental responsible use of credit, as well as fixed installment. Those are primary concepts that we can bring to a card or through offering them directly through the merchant website or in the store. Caroline you are doing things differently value being tech driven. A lot of Credit Card Companies are now tech driven. Focusing on the generative ai side, you caught a lot of headlines by the fact that you said that generative ai is doing the job of 700 people. Is it still 700 . Is it or than that . Sebastian probably slightly more by now. We knew that that number would catch attention, but personally i feel there is a lot of buzz around ai with a lot of demos announced. There are few things that are practically there and a lot of Business Leaders are asking themselves where is the actual implication on my business where we felt that this is not just small. Its real life, consumers prefer it as it is higher Customer Satisfaction than a human agent, Higher Quality with a profound impact. We also believe society and politicians need to recognize that this is not something that is going to change in 10 years. The implications for society will come in the coming years. Time to think about it proactively. Ed one month ago we had the European Commission of Financial Services visit us here in San Francisco and we talked about fintech regulation, essentially. You operate markets. Which do you find to be more friendly in terms of regulators in the United States and europe . Sebastian amazingly, the eu introduced legislation that meant a fully regulated bank in sweden quepasa cross all states, a tremendous advantage. To some degree, it is actually easier to operate across all u. S. States where its a bigger difference on Consumer Credit lending then there are among the european nations, to some degree. I would say us fairly even, even have been to just to be in europe. But we definitely think there is more competition, openness, and willingness to promote competition in american society. So, i think that is refavorable. In the american context. Ed when you do go public, investors will be very focused on profit. Can use a bit about profit . Sebastian of course. From my perspective, i hope he will be able to deliver some very interesting spec gives when we are ready for that. We are seeing strong growth, currently. We are definitely above 2 billion in revenue, seeing highvolume growth. At the same time because of the implications of ai, september and october, we stopped recruitment. In our case with normal attrition rates, where people stay for about five years, it that we are shrinking. In number, at least, per year. We hope that by the time we get to that perspective we will be able to present something that looks like Revenue Growth as at the same time. Caroline sebastian, great for having the timing of her coming on. Sebastian siemiatkowski, the klarna ceo. Coming up, more on ai. Ed yep. Really enjoyed that, by the way. Open chat model from google today as they kick off their ai event. Stick with us. This is bloomberg. Did you ever worry we wouldnt get to enjoy this . [jeff laughs maniacally] inner monologue seriously, look at these guys. They are playing great. Meanwhile, im on the green and all i can think about is all the green im spending on 3 kids in college. Not to mention the kitchen remodel, and wed just remodel the bathrooms last month. With empower, i get all of my financial questions answered. So i dont have to worry. So youre like a guru now . Oh here it comes join 18 million americans and take control of your financial future with a real time dashboard and real live conversations. Empower. Whats next. Caroline openai, faster and cheaper versions of its chatbot model, holding onto a seeming lead in an increasingly crowded market. Joining us now on the announcement made yesterday, rachel metz. We heard from Key Executives who really outlined me, on paying user, going to get a lot more for free . Rachel yeah, that is a big art of what they were announcing. Giving people the capabilities that until now had been reserved for just the paying users of gpt4 and overall they said the model is faster and more efficient with additional interesting things that they rolled out, like audio capabilities that are much faster than what we have seen before. They had the ability already to talk to chatgpt through the app. I believe that that was just for paid users in the past. Now, you can use that in a much more realtime way and it is much more capable than it appeared to be in the past, that will be out in the coming weeks. Ed lets zero in on the underlying lot model, gbdro . Gpt4o, right . The main thing we are talking about is that this has dramatically reduced latency in text, image, and video use cases. Get nerdy for us. Rachel it should just make all things faster that people want to do with the model. It could make it, it could make it feel more lifelike if you are talking to it it it is talking back to you, analyzing pictures. In the demos that they showed on the screen there was an open camera view. Right now if you are using chatgpt, you have to take a picture. In the future they said they would be adding the ability to analyze videos as well, not just still images. Eager, better, faster, more with this model. We will have to wait and see how well it works. Ed rachel, terrific reporting, great to have you on the program. One thing they did was reveal was search. The google io conference is kicking off in mountain view. Lets hear how the alphabet will characterize this competition with the ceo of microsoft. Listen to this. One of the ways that you can do the wrong thing is by listening to someone elses dance music. Ive always been very clear, having a clear sense of what we need to do. Ed that was part of the conversation he had on the circuit emily chang. Talking about microsoft, but openai has been pretty surging as well. Jackie, what are you looking out or . A few things. The dancing, hard to ignore, especially with that announcement out of openai yesterday, raising the bar for google. One thing that will be keenly focused on is the update to its current flagship gemini model. We are expecting a few more details on just how that model will be interspersed throughout its most ubiquitous products. Think gmail, maps, and like you mentioned, search. They have been experimenting with some features but have not ruled out anything broadly. There will be more color there and we are not just talking about software, we are on tablets, smartphones, and up dates to the android 15 operating system. Caroline the context with all of this is that they seem to be behind the curve, even though for many generative ai was only made possible because of the research from google, but they rushed out products and there were a lot of concerns around image generation in particular. How are we seeing them trying to right size the perception . Jackie you said it perfectly, they were early pioneers with best and brightest talent in Artificial Intelligence, but where they fell behind was in creating this bigger generative ai go system that is embedded across products that has an advantage in search, as we all know, but we have seen microsoft and openai make its way into products much quicker and really commercialize that technology in a much broader way. So, today we are really going to be looking to learn how exactly does this flowthrough across the business . Not just one off teachers here and there, but unveiling the smaller model of open source, really looking to catch up and offer a more broad array of models, just as we have seen openai do as well. Ed i dont want to put you on the spot, but of all of the announcements, whats the one piece of Ai Technology you are using right now . Jackie personally . I love how in google docs, it makes my meeting templates. I dont have to worry about doing that drudgery. I dont use it quite yet for work, but it is kind of, you know, if i need to write up a quick note and half the template is there, its predictive and it knows what im looking to write and it takes some of the boring aspect out of my work, there. Caroline i love that. Ps, im agnostic. Ed others available. Caroline i love your nuance on how you are using it in everyday life. As have as we have been hearing, we will be keeping an eye on shares for you as we galvanized towards google and deals are done with delivery heroes and food panda over in taiwan for 950 million dollars, its about control of the key asian market. Could be more consolidation in the field. This is bloomberg technology. At morgan stanley, old school hard work meets bold new thinking. To help you see untapped possibilities and relentlessly work with you to make them real. Caroline welcome back to bloomberg technology. Ed quick check on the markets, this is where we stand in the moment, basically treading water when it comes to the nasdaq 100. There are an equal number of names in the green as there are in the red. And then we look at the Golden Dragon index, the u. S. Listed shares of all of the Chinese Technology companies. The earnings story that we are about to touch on, then the impact of the Biden Administration tariffs on the automotive sector in china with assisted names impacted. In terms of specifics, we had a lot of the morning looking at alibaba and tencent. Alibaba, sluggish in the cloud unit and the Cloud Adoption that was slow in china. Ai is there. Tencent, great strength in video advertising and the we chat user base. One stock going lower in the u. S. , another going higher. Wrapping it up, lets bring in henry and isabel. I think that is the summary, right, when it comes to these earnings and what i outlined. Lets start with alibaba. Tencent reporting better than projected, surge in earnings, but alibaba profit plunged. The fact that the two biggest in china reporting on the same day was a rarity and it highlighted the tale of two fortunes for both. Betterthanexpected singledigit Revenue Growth, but profit performance is where they diverge and investors are looking at on a mining these companies as they are seen as a barometer of Chinese Health when china recovers from rocky Covid Recovery and a one year slump big tech crackdown. Get this, Neither Company offered strong reassurances on the future of the chinese economy moving forward. Caroline we love how you give us the macro context. Lets go optimistic, first. Why was tencent pulling it out for the Investor Base today . Their profitability really shines in the results. Basically, video streaming is a huge positive, but in the meantime the company is cutting usually on costs. Remember, they are looking at Revenue Growth of 6 they costs of revenue thats down 8 from one year ago. The key to that is lower cuts in costs associated with crowd projects and appointment. In the meantime, the company is cutting down other costs, for example Employee Benefits and sharebased compensation that really stands out. One of their key worries in recent quarters has been the domestic gaining business that shows signs of the company saying that two of their flat chip gains received positive growth in march. A positive signal taken from investors. Ed i was interested in that on the gaming site where they talked about rather than having a standalone gaming title, they would have the kinds of games were you could up eight them regularly. Executives on both sides had some basically fighting talk saying that they were each the best at ai. Did we learn anything new about either companys ai strategy . Yes, indeed. Alibaba, they are confident that ai will drive their growth and the company said that with their ai model gaining steam in china, they are confident that they will turbocharge cloud unit growth. Remember, its tech growth in this quarter. But that they are confident that in the second half of fiscal 25 they can actually return back to dudgeon doubledigit clip growth. Good news, as the cloud unit has always been seen as a growth driver work ali driver for alibaba. For tencent, its already very rude. We mentioned the strong advertising momentum for the video streaming business. Remember that the company is already deploying many of its recommended videos for users and has already been seeing the early signs of benefits. Caroline isabel, push us forward a bit, here. You are giving us the context of the consumer as well. Jd. Com coming later in the week. Baidu, as well. Are we getting any clarity on how resilient the Chinese Consumer is right now . I think we will. The Chinese Consumer is dealing with persistent use employment, the chinese economy slipping deeper into deflation, but it is a big month for Chinese Companies with baidu and others surprising on the upside for the last eight orders. This is kind of good news, meaning that the recovery is there, slowly but surely, and Money Managers are looking at china two ways. Tucci, thats why they want to go in, or that it is too cheap for a reason. There are diverging views among them, but i think that this is going to be a big tell moving forward this month. Caroline we will brace ourselves on the earnings to come. Henry, great wrap up. Lets turn our attention to washington and u. S. China relationships. President biden, hiking tariffs as we expected on a wide range of chinese imports, including Critical Minerals and solar cells. For more, lets bring in kailey leinz. A trend started by trump, is there nuance into how they are doing this . Kaylee trump era tariffs have largely remained intact and no tariffs have been reduced today. Just a new ones implemented with others raised, affecting eight 18 billion of imports into the u. S. , taking effect between this year and 2025 with a number of Key Industries and focus. Semi conductors seeing the rate from 25 to 50 , aimed at socalled legacy chips. Critical mineral tariffs, 25 this year, thats an area that could be more disruptive than symbolic, considering the u. S. Is still largely dependent on china for things like reticle minerals. Others that we saw forecast like solar cells and lithiumion batteries, the tariff rate go higher, jumping to 25 . Solar cells jumping from 25 to 50 with a big quadrupling of chinese made electric echols going up to 102 point 5 . That is an area that is largely symbolic because of existing tariffs. They were already not really looking at the u. S. Consumer market to get the demand. What this was about was making sure that no further supply necessarily could come dumping into the u. S. Given the concerns the administration has about chinese overcapacity. They are trying to aim at shoring up production in these critical areas. Then we will see the effect that this may have on the u. S. , if there is a retaliatory move that could potentially come to china, which said they were resolutely opposed to the measures. Ed i check yesterday, there were just four china made evs you could get in this country. Its like a deterrent for models to come. There is a balancing act here so that everyone doesnt get hurt. Annemarie horton spoke to the treasury secretary and there was a clear message from the administration basically saying that we are just being fair with what china is doing. Kailey yeah, essentially they want to make sure that the u. S. Remains competitive. This is something we heard the treasury talking about. When annemarie asked yesterday about a trade war with china, the treasury secretary didnt seem to want to confirm that, they are trying to walk a delicate line where they dont want blowback on u. S. Consumers, perhaps why you are seeing this more calibrated targeting of certain areas coming from the Biden Administration in this review rather than Something Like the blanket tariffs that trump said he would look to do on all chinese imports in a Second Administration if he won the white house in november as there is a concern about the inflationary effect it could have at home. You would like to say that this hurts china, but the costs are paid by importers and then get past to the end consumer at a time when this administration is not only struggling geopolitically to navigate a relationship with china, but also so cooperative and here at home where they are seeking reelection, really struggling with an economy and of inflation outlook that Many Americans are unhappy with. Caroline kailey leinz, thank you. Ed coming up, we will be joined by david sachs on a brandnew ai communication tool and company that hes leading. Stay with us, will be right back. Bloomberg technology. Ire universi ty. Im nervous, im excited. [man] okay, lets see it. Lets see it. Oh my gosh. Jesus suarez, i did it and its here. group cheers [narrator] next term starts soon. Visit snhu. Edu. Visit snhu. Edu. You know whats brilliant . Boring. Think about it. Boring is the unsung catalyst for bold. What straps bold to a rocket and hurtles it into space . Boring does. Boring makes vacations happen, early retirements possible, and startups start up. Because its smart, dependable, and steady. All words you want from your bank. For nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled. Which is pretty unboring if you think about it. Caroline this is a live shot of the principal room. Coming up, exclusive conversation with john waldron of goldman sachs, 4 30 p. M. Eastern, this is bloomberg. Ed a work chat for the ai era. It is called glue, a new ai native communication platform going public and coming out of stealth today after six months of private data, taking the best of both worlds, chatgpt and slack, built for the way that people collaborate colleagues and ai assistants. Lets bring in craft cofounder, david sacks is here with us. If its ok, i want to start with the technology itself. Glue is built for claw three and chatgpt4, so what did you do in terms of building it . David we want to be agnostic and use the latest version of chatgpt that they launched yesterday. Its pretty awesome, the performance is terrific. Stepping back a second, what we are trying to do with glue ai is create the first native chat app. What it does is create one place where you can have a chat with ai and a chat humans, your team. We think that people, employees, want to do that in one place rather than going to separate apps and the problem with chatgpt, awesome as it is, it is not a multiplayer experience, theres no way to bring your coworkers into the chat with you. The problem with slack is that the channels get in the way and we hear from lots of teams that they have channel fatigue and they really want this new threaded conversation without all of the channels. So, that is what we have done with glue. Ed we have known you as a venture capitalist. What was the need or the gap in the marketplace that identified that made you want to start and build a company yourself, rather than back or invest in another player . David before becoming an investor, before becoming a podcaster, i was an internet product guy at paypal. I created a product called yammer in 2008, 1 of the First Enterprise messaging at forbes. Back then it was based on the idea of feeds, which angst to social networking break conversation paradigm. In the next decade we had slack. Now we have a new conversation paradigm based on ai and chatgpt. Every decade, you get a new paradigm like this and you need a new communication tool. That is what we have built. I just didnt see the tool on the marketplace reacting fast enough to the disruption. So, i partnered with emmett owen, my cofounder and see the oh in order to create glue. Caroline i know that you like to start with a demokan muscle lets them out a little bit, how does it look, feel, and interact . As the founder and putting the money into it, are you not worried about the competition out there . Everyone is getting into enterprise generative ai. David for sure. Right now every Enterprise App trying to figure out how to incorporate ai into their product roadmap, no question, but theres a pretty big debate still about where its going to live in the enterprise, where are you going to go to ask broadbased questions about, for example, who in your enterprise has the right expertise and who should we be talking to . The core use cases. Our view on it is that ai should live in the chat. Again, you dont want one application for ai chat and one for human chat. It all belongs together. What we found is that when you incorporate ai as a fullfledged participant in the chat, it can use all of the live chat history as context. So, your work chat app is able to give you answers that regular chatgpt could not. Weve had staggering results using it internally. I have asked ai to write investment memos, arguments for and against investing. Its done an unbelievable job assembling the arguments based on chat history. I asked who is contribute in the most to deal flow at craft. Its amazing, the answers you can get, when you give it access to chat history. Caroline amazing answers built by large language models. I am interested in you having sold to microsoft previously, understanding the way that m a works in a company that looks for exits, now these interesting partnerships are being done. Whether it is openai or microsoft, dropping amazon and google at the same time, how do you judge that as a vc . David theres innovation happening at every level of the stack. You are seeing tremendous innovation of the Foundation Model where you have got openai, like you mentioned, extant ai launching that we just invested in. Then youve got innovation happening at the application layer, where they are able to take advantage of all the new capabilities. If you are positioned correctly in the application layer, you dont want to compete against the models. You want to harness them so that as they get better and better, your application gets better and better. That is what we have seen glue. With each new release and models that we have incorporated, the chat tool gets better and better. So, we will ride the wave as the underlying model continues and gets better and better, featuring applications that will get better and better. Thats how you want to position yourself. Ed you had sam on last weekend on social media there was a debate participated in about whether he said anything new that goes with yesterdays presentation about openai and how much surprise to based on the conversation that you had last week. David in retrospect, he gave us a bunch of hints last week. I was being uncharitable, but i was not resizing sam, i was just trying to ratio jason. Sam gave me a bunch of hints last week that now make a lot more sense in the light of chatgpto yesterday, and impressive demokan. We have already corporative to glue and i can tell you the performance venues are better than for turbo. Kudos to the openai team. Ed thinking about the portfolio of craft, did you try to get into the xai round . David we did participate in that. Caroline will you integrate xa i into glue and how will you think about whether or not there will be a commoditized version of large language models. David i expect we will integrate all of them. Our view is that we are llm agnostic. We want to give them a chance choice of what to use and help them make the choice in terms of the model to use based on the query they are trying to ask. So, we actually think that the more models, the bettel are the better. Caroline could xai have gotten a better valuation . David i dont want to announce around for them, but if the question is whether we participated, we did. Ed its a president ial election year. Background in technology, testing, you been vocal on the political front. Will you be more active this year in this election cycle . David we talk about politics in the all in pod. Foreignpolicy events all over the world. Obviously, the election is unavoidable. Its no secret that i have been a critic of biden. I may get more involved in the sense of maybe hosting events, maybe contributing. Its really, its not, its certainly not the main thing that i do, put it that way. The way that you get involved in the political process is you host events and maybe you get to meet the candidates that way. That is something we have tried to do, me and my cohosts. We have done that now for robert f. Kennedy, jr. , we did that work vivek ramaswamy. Weve had events from them. We have extended an offer to the other manager major candidates and we hope they accept. Caroline well, not the only thing that you do. On top of a pod, and testing, founding other businesses as well. Meanwhile, coming up, it is 2021 all over again, discussing the return of meme stocks. This is bloomberg technology. Do you want to close out . Should i . Normally id hold. But. Taking the gains is smart here, right . Feel more confident with stock ratings from j. P. Morgan analysts in the chase app. When youve got a decision to make. The answer is j. P. Morgan Wealth Management. Is it me. Or is work not working . At least, not the way it could work. Your people are buried in busy work. And you might be thinking. Can ai make it all work . Can ai help your people work. Without all the workarounds . Feel better. Make Customer Service work the way customers expect . That one. Make your old tech work with your new tech . Thank you. And todd here is wondering, can ai do all that. Now . No pressure. It can. On the servicenow platform, ai transforms your entire business. Your people work better, your customers are happier, and todd. Well. Hes practically euphoric. Practically. Because when your people work better, everything works better. So what are you waiting for . Lets get to work. Idris elba works here . Mmhmm. Ya, hes super nice. Caroline lets get to the return of the meme stocks. Gamestop, amc, surging. Retail frenzy . Is it . Whatevers happening, Roaring Kitty seems to have revived the animal spirits. We have more, 96 higher on the day. Not going to ask you about the Business Model of selling real games and stores, but who is driving this higher . Seems like fingerprints of wall street. Looking at the flow data across Interactive Brokers in the ways we track the realtime purchases , doesnt seem like they are buying gamestop. Seems like on the net sales across the flat arm, for gamestop to outpace those to buy, gamestop seems to be a little bit less than amc related to the cell orders but its making up the trends weve been seeing and gamestop has ace is on track to getting back to those alltime highs. Ed do we have any more clarity on the social media posts from Roaring Kitty . No, i have no idea what the logic is. I have dm tim, please dm me back, Roaring Kitty. No one knows anything, theres so much uncertainty around what hes doing caroline i mean, hes going bonkers, lifting a post from back in february, now it is just video after video. Check it out. That does it for this edition of bloomberg technology. Busy one. Ed check out our podcast, you can find it on apple, spotify, ir. We love the pod. From San Francisco and new york, this is bloomberg technology. The all new godaddy airo helps you get your Business Online in minutes with the power of ai. With a perfect name, a great logo, and a beautiful website. Just start with a domain, a few clicks, and youre in business. Make now the future at godaddy. Com airo her uncles unhappy. Im sensing an andunderlying issue. Ss. Its tmobile. It started when we tried to get him under a new plan. But they they unexpectedly unraveled their price lock guarantee. Which has made him, a bit. Unruly. You called yourself the uncarrier. 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