Caroline Hyde

It's going to increase productivity.

There are obviously concerns over monetization, circular funding, revenue lagging investment.

You know, if we just think about the horizontally automation, R&D, customer service value,

vertically, different sectors, and then infrastructure level as well.

So this is a very broad, broad technology, which sort of helps ease those concerns over the bubble fears, I guess.

What about crypto?

You know, we saw that rejection at that 92,000, just above that 92,000 level, which was a pretty key level.

And I think, again, this is that unwinding or fears over the unwinding of the yen carry trade.

Crypto is very sensitive to liquidity.

So that really does need to turn around before we can expect to see any sort of recovery or solid recovery in the Bitcoin price or crypto prices.

Talking about the broad application of AI and perhaps the less broad application in the here and now.

For crypto, Fiona Sincotta, it's great to have some time with you, senior analyst over at Citi Index.

Meanwhile, let's talk about data centers for a moment.

But when it comes to financial prices, because data centers do support the CME, for example, one of the world's largest derivatives exchanges.

But we know that now the data center behind the CME has bolstered its own backup cooling capacity after overheating last Friday.

CME's markets were out for more than 10 hours after a failure in cooling system at the facility run by privately owned

Okay, coming up, we're going to dig more into crypto markets and what's behind this week's long sell-off.

That's next.

This is Bloomberg Tech.

Cryptocurrencies, Phil, again today.