Ed Ludlow

There's a lot there.

There's a lot of we are going to with lasers like we broke the story about substrate, for example, which is also using x-rays in lithography that was born out of the national labs here in California.

There's some interesting tangents there.

That's all to say it sounds like you probably need $450 million to get started if you're going to pull all of this off.

What's the first priority?

The skepticism, the pause is that we have been talking about this technology for quite a long time and people's projections are always wrong on when it gets commercialized.

Do you have a kind of line of sight to that?

Like, will you do it in California, for example, or is that just not realistic in this state?

You're looking elsewhere in the United States.

Give us the kind of like plans operationally to make this real.

Jeff, over a period of many years, you came on this program as the leader of a public company, whether the stock was up, down, or sideways, and in difficult moments.

Right now, software, which was your former love, former domain, is having a difficult moment because people are concerned that AI will just render it obsolete.

Would you just tell me what you're making of that moment and your former company, but the field?

Jeff Lawson, co-founder, CEO of Inertia, former CEO and co-founder of Twitter.

I really appreciate all of that.

Thank you very much.

Caro, more news.

Okay, coming up, we'll discuss Lyft's earnings with Lyft CEO David Grisha.

This is Bloomberg Tech.

Okay, shares of Lyft are down around 15% on track for the biggest drop since August of 2024.