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Bloomberg Technology

Trump Proposes More Tariffs, Musk's X Looks To $44B Valuation

Feb 19, 2025
Martin Norton, Chief Investment Strategist at Empower, shares insights on the market's reaction to President Trump's proposed tariffs on autos and tech. He discusses how these tariffs could impact investor sentiment and the tech landscape. Meanwhile, Andrei Haddad, CEO of Turo, reveals why the company decided to postpone its IPO and addresses ongoing safety concerns. The conversation delves into the challenges facing U.S. tech investments amid geopolitical tensions, along with the rise of AI in trading and emerging startups.
41:35

Podcast summary created with Snipd AI

Quick takeaways

  • President Trump's proposed 25% tariffs on goods like automobiles and chips could significantly disrupt the technology and automotive sectors.
  • Microsoft's development of the Mayerana One quantum computing chip highlights advancements in computational capabilities with real-world applications in critical fields like chemistry.

Deep dives

The Importance of AI in Modern Business

AI is rapidly transforming the business landscape, offering significant productivity boosts and facilitating faster decision-making across various industries. As firms leverage AI tools, staying ahead of the curve is crucial, as competition intensifies among those prioritizing AI initiatives. Specifically, the Oracle Cloud Infrastructure (OCI) distinguishes itself by providing an enterprise-ready platform that minimizes costs associated with AI workloads. Businesses can substantially reduce their cloud expenses by migrating to OCI, with claims of savings up to 80% on networking and significant reductions on compute and storage.

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