Caroline Hyde

Some of the reporting from other networks and outlets has been that actually NVIDIA is getting uncomfortable with the competitive landscape, uncomfortable with the so-called discipline of open AI.

Is that something that we're hearing in our reporting or is this more of this is a company that's maybe is aware of the criticism around circular financing and is just being questioning a little bit more?

Let's just go to that funding round, because that's what's currently under negotiation.

We know that Middle Eastern investors have been eyed up.

We know that Amazon's interested in the round.

So what sort of scale are we talking?

And how will it be related to using certain companies' equipment or gigawatts coming online, do you think?

Well, we'll keep a track of it.

Seth Fiegemann breaking it all down on that relationship between NVIDIA and OpenAI.

Meanwhile, coming up, let's talk about crypto exchanges.

They're under pressure.

Plunging trading volumes is really the issue.

At the moment, we're off by just a couple of percent.

We've recouped some of our losses on the day, but we'll dig into it next.

This is Bloomberg Tech.

Bearish sentiment in crypto.

It is weighing on the exchanges as investors pull back on trading platforms like Coinbase and Gemini.

Well, they're seeing stock prices and trading volumes drop more on the entire ecosystem.

Let's bring in Bloomberg cross asset reporter Isabel Lee.

And no wonder companies exposed to trading and volume are going to be feeling the pain when everyone probably takes a bit of a step back at this moment.