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Bloomberg Technology

Musk's Pay Package Goes Through and Adobe Shares Surge

Jun 14, 2024
Bloomberg's Caroline Hyde and Tim Stenovec discuss Tesla's $56 billion pay package approval, Adobe's stock surge on strong sales outlook, AI impact on consumer demand, and Pope's warning on artificial intelligence at the G-7 meeting in Italy.
42:54

Podcast summary created with Snipd AI

Quick takeaways

  • Tesla shareholders back Elon Musk's $56 billion pay package and approve relocation to Texas.
  • Adobe stock surges on strong AI product sales forecast, indicating market acceptance and competitiveness.

Deep dives

Importance of Data Volume, Software, and Compute Power for AI

The success of AI hinges on having the right volume of data, the necessary software for training, and substantial compute power. HPE GreenLake provides supercomputing access to enable AI at the required scale for generating valuable insights.

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