TechCheck

CNBC's Deirdre Bosa previews earnings next week from Netflix and Tesla. Cathie Wood, Ark Invest CEO, to discusses the A.I. space, ARK’s ETF hitting an 11-month high and what stocks she is watching in the tech space. Emil Michael, former Uber chief business officer, discusses the recent stock pop, competition in the space and more. Plus, Hollywood on strike and venture capital loans disappear. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

FTC Chair Lina Khan was grilled today by the House Judiciary Committee over the agency’s increasing court losses. The agency today also filed its appeal to pause the Microsoft Activision merger. Microsoft has until July 18 to close the deal, when it'll have to either renegotiate terms or abandon the deal and pay a $3 billion break fee. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Early Prime Day data looks positive for Amazon, with shoppers spending $6.4 billion on the first day, up almost 6% from last year and making for the single biggest e-commerce day in 2023 according to Adobe. Former Target Vice Chair Jerry Storch joins us for a read on the consumer. Plus, less than two years ago Nvidia tried to buy Arm for some $40 billion, but failed because of anti-trust issues. Flash forward to today, and Nvidia could reportedly anchor the chip designer’s IPO – set to be the biggest this year. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Amazon Prime Day Kicks Off Description: Amazon Prime Day begins today -- Adobe forecasts the 2-day sales event will drive $13.1 billion in U.S. online spend, 9.5% more than last year. As for Prime signups though? Consumer Intelligence thinks memberships are at saturation, estimating 167 million Americans are members, down from 170 million last year.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Sarah Silverman and other authors are suing Meta and OpenAI over claims of using their content without permission to train chatbots. It raises the question of whether copyright is an existential threat to AI, and the limits of how much AI can actually leverage content on the internet. Plus, Amazon Prime Day kicks off tomorrow – but how much do we care? Many investors aren’t buying the stock for e-commerce anymore, instead shifting focus to the faster-growing and more lucrative AWS and even advertising businesses instead.   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

CNBC's Jon Fortt discusses all things tech including Amazon's advantage in A.I and Meta's "Threads" app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Despite the hype around generative AI, the funding environment for startups and VCs remains tight according to Pitchbook data. Softbank though is bucking that trend with a new investment in a Japanese robotics startup, just weeks after promising to go back on the offensive. Plus, shares of Alibaba soared today after China hit Ant Group with a nearly $1 billion fine, signaling an end to its era of tech crackdowns, allowing the company and private enterprises in the country more broadly to revive growth.   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Gig economy stocks like Uber and DoorDash hit session lows after saying they're suing New York City over a law that raises delivery workers' minimum wage to $17.96/hour, nearly tripling their base pay. But it changes the calculus as investors continue to look to the apps for profitability. Plus, as the U.S. gets tough in the tech fight against China, Amazon could be caught in the middle. Biden administration cloud restrictions could hurt AWS, while Chinese e-commerce sites like Pinduoduo’s Temu and Shein are also quietly making inroads with American consumers.   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Amazon CEO Andy Jassy’s tenure has been characterized by greater fiscal discipline, and now he’s reportedly looking to streaming as a way to cut costs – taking a hard look at the finances of producing pricey original like “Rings of Power” and “Citadel” despite mixed ratings. Plus, Chinese companies have been exploiting loopholes in the U.S. export ban on chips – including by renting access to high-end chips and their compute power through cloud companies like Amazon’s AWS and Microsoft’s Azure. A new Biden administration restriction could curb that.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

AI startups saw a funding explosion this year, with more than 20 generative AI unicorns now in the landscape, according to Pitchbook data. OpenAI backer and Inflection AI co-founder Reid Hoffman discussed what’s next for these startups, and whether they’ll be able to outlast the megacaps.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.