Ed Ludlow

Because what NVIDIA's CEO, Jensen Wang, told me a couple of weeks ago is they hired about 400 engineers, but it also included the licensing of the core technology at a $20 billion value, but over a set time horizon.

Grok exists as a company still, but with a focus on one of its business lines.

That hiring and licensing of technology format, is there anything specific there, Chairman?

Chairman, there's a lot of interest in the FTC and consumer protection and what the FTC's remit is in the domain of AI.

It's an example.

I know you won't comment on specific cases, but X and Elon Musk's XAI and GROK,

have been in the news because of the use of the tool to generate non-consensual sexualized images.

Does the FTC have a role in regulating from a consumer protection standpoint that domain?

Chairman, President Trump has nominated David McNeil to the commission.

Our audience have asked me to ask you your thoughts on that.

Someone perhaps without antitrust experience, a legal experience, commission experience, and somebody, you know, frankly, with high net wealth.

Your thoughts, please.

Chairman, the major concern for the consumer right now is affordability.

What is the FTC able to do on pricing pressure, bringing prices down, addressing that consumer concern?

Chairman, very quickly, Bloomberg's reported that the White House is considering you for a DOJ fraud role.

What would that entail?

And legally, would it be possible for you to take on that role while remaining chair of the FTC?

Andrew Ferguson, FTC chairman, thank you for your time here on Bloomberg Tech.

Okay, coming up, Jemena Alaman of Prometeo joins us to discuss the future of banking within AI.

That's next.