Ed Ludlow

Could you just explain the basics of legislation or a piece of it that was omitted in NVIDIA's favor?

Bloomberg's Mike Shepherd in Washington, DC.

Thank you.

At the same time, China's ramping up support for domestic chip production to occupy a vacuum that's been left by Nvidia's forced exit.

According to sources, Beijing-based Cambricon is set to triple production of AI chips in 2026 with plans to deliver half a million AI accelerators, the vast majority of which are advanced.

Bloomberg's technology executive editor, Peter Eldstrom, joins us.

CambriaCon is another example of a domestic player with an AI accelerator product.

It is reliant on SMIC, China's domestic version of TSMC.

And this is an interesting piece of reporting.

Bring us the details, but also technologically speaking, the differences of where CambriaCon and SMIC are versus NVIDIA, because the scale is completely different.

Daniel, I've been digging into RPA and trying to think about what is new about RPA in an AI world.

I think that was kind of the root of Caroline's question.

One of the ideas is that there's a potential addressable market for you where desks with less technical staff can use your software because it's better at reasoning across documentation and those kinds of workloads.

Just explain how you kind of grow the business beyond your traditional customer base.

Daniel, our colleagues at Bloomberg Intelligence, that's our in-house analysts, are a little bit cautious on your subscription revenues.

If you look at where the street thought they'd be, basically in line, slightly beat, and they're worried about the sustainability of subscriptions.

Are they right or are they wrong?

Daniel Dines, CEO of UiPath with the earnings breakdown.

Welcome back to Bloomberg Tech.

Our top story is Bloomberg's Kurt Wagner reporting that Meta is considering cutting budgets for its Metaverse initiative by up to 30% next year as part of its budget planning cycle.