Stephen Carroll

the big thing is that confidential filing from our sourcing and our understanding needs to be submitted to the sec before those more fulsome conversations around valuations and around ultimate ipo size can start to take place so the big thing is if and when that confidential filing happens we had reported it could take place as soon as march were just a few days from the end of the month and then that can tee up some of those uh what we call testing the waters just formal conversations and engagement with investors just

maybe providing a bit more detail and a bit more context about some of the numbers that could have been submitted to the SEC.

Bloomberg's Bailey Lipschultz, thank you very much.

Now, coming up, President Trump announces a new Council of Advisors on Science and Technology.

We speak with David Sachs, who is tapped to serve as co-chair.

What's next?

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President Trump has tapped tech industry titans, including Mark Zuckerberg, Larry Ellison, and Jensen Wang, to a new presidential council that will focus on AI policy and other science-related issues, co-chairing that council with David Sachs, whose role as White House crypto czar has now ended.

He spoke with me yesterday about the group's role in getting federal AI rules passed.

Take a listen.

Last week, we released a national AI framework, and the idea is to create one rulebook for AI in the US.

The problem that we're seeing right now is that you've got 50 different states regulating this in 50 different ways, and it's creating a patchwork of regulation that's difficult for our innovators to comply with.

So what the president has called for is one rulebook.

What we did is, and I work with Michael Kratios at OSTP and other folks at the White House, we looked at all the different things that the states were doing, and we tried to find some common denominators.

And then we published that in a set of principles that we're calling the National AI Framework, and we're calling on Congress to act on that framework.