Ed Ludlow

Bloomberg Tech

No Bloomberg Tech tomorrow (Fed Warsh day 2)

Big report from @markgurman on @TheTerminal OpenAI’s first device is a screen-less home speaker designed to be a humanlike AI companion that can control other electronics and leverage ChatGPT.

@wholemars Thank you

@EdLudlow good overview

Lucid summary

New battlefield footage is putting autonomous defense technology in the spotlight. 8VC's Joe Lonsdale discusses Saronic's unmanned vessels after CENTCOM released video showing their use in a military operation bloom.bg/4yj9GtT

Lucid Motors is working with restructuring advisers to turn around its struggling business, while dismissing rumors that it’s considering bankruptcy as “completely false" bloom.bg/3SYEuQt

New OpenAI statement on Apple’s trade secrets theft lawsuit: “While we take these allegations seriously, we’re not aware of any evidence that this complaint has merit,” OpenAI said in the statement. “We believe in fair competition and allowing people the freedom to work wherever they choose, and we’re focused on building innovative technology that empowers people everywhere.”

Lucid statement via spokesperson “The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today.  Our focus is on improving execution, strengthening operations, and positioning Lucid to realize the full potential of its technology, products, and innovation. AlixPartners is assisting us in that and nothing else and has not recommended bankruptcy to management or the Board. We undertake no duty to update our comments on this matter.”

Lucid is down 46% after a report said the electric vehicle firm is working with a restructuring advisor, weighing options that include filing for bankruptcy protection or going private.

No Bloomberg Tech today. Fed Chair Warsh testimony

Joe Lonsdale on set with reaction just after CENTCOM released the video this morning @8vc @JTLonsdale

Big round for Chai Discovery

Bloomberg reporting that Deepseek has started prepping for an IPO and may file by the end of the year, in mainland China. Deepseek continues to raise more funds in private matkets. @TheTerminal

SATELLITE ASSEMBLY LINE 🛰️ “We’re going to vote this month to change how we run our space bureau operations.” - Chairman @BrendanCarrFCC to @BloombergTV “We cut the backlog of FCC [satellite] approvals by about HALF.” 📉

In the AI race with China, Joe Lonsdale says the real challenge isn't just staying ahead - it's protecting innovation. His warning: today's patent system may be giving competitors a roadmap bloom.bg/4vxt0B9

As SpaceX eyes orbital data centers, FCC Chairman Brendan Carr tells Bloomberg the agency is moving to an "assembly line mindset" to speed up approvals for the growing space economy bloom.bg/4yoTFCM

Some of @JTLonsdale on the show today

Palantir co-Founder Joe Lonsdale tells @edludlow that the US is still leading in the AI race and why he thinks it's up to companies, not the government, to stop attacks bloom.bg/4jP5REe

FCC Chairman Brendan Carr calls Walt Disney "disingenuous" regarding the probe into the company's diversity and inclusion practices bloom.bg/4vqvvFe