Bloomberg Surveillance cover image

Bloomberg Surveillance

Fed, Markets, & Apple

Feb 21, 2025
Robert Kaplan, Vice Chairman at Goldman Sachs and former President at the Dallas Fed, shares insights on inflation trends, the importance of Federal Reserve independence, and their impact on the US economy. Mark Gurman, Bloomberg News' Chief Correspondent for Apple and Tech, dives into Apple's strategic shift in chip development and the challenges of adapting to global markets and geopolitical tensions. The conversation also touches on the growing significance of Apple’s services revenue, showcasing the company's evolving position in the tech landscape.
40:48

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast addresses how inflation and government spending policies are creating complexities that may hinder GDP growth in the American economy.
  • It discusses the contrasting consumer behaviors of two distinct income groups, affecting business strategies and spending patterns amidst economic uncertainty.

Deep dives

Impact of AI on Business Competitiveness

AI is fundamentally transforming business operations across industries by enhancing productivity and accelerating decision-making processes. Companies that overlook AI advancements risk falling behind their competitors who are already integrating these technologies into their workflows. The significant compute power required for AI applications often translates to high costs when utilizing traditional cloud platforms. However, transitioning to a specialized infrastructure, like Oracle Cloud Infrastructure (OCI), can significantly reduce these expenses, with OCI reportedly offering 50% lower costs for compute and even more for storage and networking.

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