Bloomberg’s Caroline Hyde and Ed Ludlow discuss Meta’s plan to cut resources for building its metaverse, the virtual world that Mark Zuckerberg once framed as the future of the company. Plus, Nvidia CEO Jensen Huang says he’s not sure China would accept more powerful AI chips - even if the US relaxes restrictions on sales. And, a look at the latest earnings from Snowflake, Salesforce and UiPath.See omnystudio.com/listener for privacy information.
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Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Ludlow in San Francisco.
This is Bloomberg Tech. Coming up, Bloomberg reports Meta's considering budget cuts of 30% for its Metaverse group next year. The very group Mark Zuckerberg once framed as the future of the company. Shares jump.
Plus, NVIDIA CEO Jensen Huang is not sure China would accept more powerful AI chips, even if the US relaxes restrictions on the sales. We discuss.
And we break down the latest tech earnings results from Snowflake and Salesforce. And we'll be joined by the UiPath CEO, too.
First, let's check in on these markets that are struggling to find direction today. And we've been higher. We're now pushing back lower on the Nasdaq 100 by three tenths percent. Real catalysts were still waiting really for next week in the Federal Reserve decision. We can still get that myriad of jobs data that we try to digest. We're looking, though, at Bitcoin just coming off by 0.8%.
At one point, it broke into positive territory for the year again. But we're now back to 92,973. But what are you looking at on the individual stocks?
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