Caroline Hyde

This is Caroline Hyde.

And I'm Ed Ludlow, inviting you to join us for Bloomberg Tech, a daily podcast focusing exclusively on technology, innovation, and the future of business.

From finance to defense, AI to entertainment, and from startups to the Magnificent Seven.

We do this all every weekday, then bring you the most important conversations and analysis in our podcast.

Join us every afternoon on your commute home and stay ahead of the tech news cycle.

And I'm Ed Ludlow in San Francisco.

Subscribe today, wherever you get your podcasts.

What is the impact all this is having on earnings and cash flow and so forth?

Major concerns out there.

Then software is a little bit of a separate issue, but at the same time, you have this sort of growing adoption of AI.

What does this mean for sort of traditional vendors?

And we did get some mixed results out of the software group this week.

Companies like Salesforce, Intuit, Autodesk, all these companies coming out

Painting sort of a mixed picture, I think I'll just flag Duolingo.

So maybe a little bit of a separate thing here, but the language learning software company, that stock is plummeting today because they gave a weaker than expected outlook.

I mean, he is really saying that this is driven by AI.

They've made a lot of investments in their internal tools like Goose, which are meant to help employees across the board operate more efficiently.

So they were really trying to communicate that this is coming from a position of strength and that it's a bet on AI making them more efficient.

I think they're getting a lot of skepticism that they hired really aggressively over COVID and similar to a lot of their peers, and maybe they needed to reduce some bloat.

I mean, that's part of what made it so surprising, right?