Caroline Hyde

Plus, Cadence Design Systems is introducing a new AI tool designed to speed up semiconductor development.

Now, the company's new chip stack AI super agent, well, it will act as its assistant to engineers helping with design, debugging, blueprint generation.

Look, the move comes as the tech industry really grapples with a surge in chip demand and ongoing labor shortages.

And Alibaba, well, it's pushing further into robotics.

The company has debuted a new AI model called RinBrain, designed to give robots a more advanced understanding of their surroundings.

With the release, Alibaba takes on AI leaders such as Google and NVIDIA.

Ed, what have you got?

It has scale.

It has money to put into super PACs.

We see what they did with the crypto fair shake and the way that they've then retargeted in the AI spectrum.

But what's also interesting is one of the lines in the story says they de facto have a veto, really, over certain AI policies.

Now, they push back on that.

In particular, the named lobbyist for A16Z says, look, the only person who's got AI veto is President Trump himself.

Welcome back to Bloomberg Tech.

Let's check in on the markets.

They're actually giving away some of their gains that we had earlier in the session.

We're now unchanged on the Nasdaq 100.

We're trying to digest the retail data that we got, which was weaker than expected.

But what does that mean in terms of the Fed and its ability to cut rates more broadly?

But also, where are we buying back into?