Hi, itâs Brody Ford coming to you from San Francisco. It was a packed house at the Bloomberg Tech Summit with attendees sipping green juice [View in browser](
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Hi, itâs Brody Ford coming to you from San Francisco. It was a packed house at the Bloomberg Tech Summit with attendees sipping green juice while talking about chips, software and, of course, AI. But first... Three things you need to know today: ⢠Apple will power AI tools with its [server chipa of its own design](
⢠A Baidu executive quit after reviving the [debate over toxic work culture](
⢠Brain-device startup Synchron [plans to expand to treat Parkinsonâs]( Highs and lows Artificial intelligence was a big topic throughout the day. [Dario Amodei](bbg://people/profile/23328295), one of the co-founders of AI startup Anthropic, tried to avoid starting the conference off on too negative a note when he was asked to make the case we should be excited about the future of AI rather than fearful. âMy honest answer is you should be both at the same time,â Amodei said. âIâm 10 out of 10 excited and Iâm 10 out of 10 worried as well.â Open Source Debate Legendary Silicon Valley investor [Vinod Khosla](bbg://people/profile/1442906) said that Meta Platforms Inc.âs new large language model, Llama 3, shouldnât be open source as it could be a ânational security hazardâ and used by adversaries like China. Chris Cox, Metaâs chief product officer, took the stage shortly after and defended the decision, saying open source helped make technology more universally accessible. Game News Microsoftâs Xbox president [Sarah Bond](bbg://people/profile/21889073) said the company will launch its own [online store for mobile games](, creating an alternative to Apple Inc. and Alphabet Inc.âs Google. Bond said the store is starting on the web, rather than an app, to make it âaccessible across all devices, all countries, no matter what, independent of the policies of closed ecosystem stores.â âBan Everything But Snapchatâ Speaking of kidsâ safety on social media, Snap Inc. Chief Executive Officer Evan Spiegel said that his service is focused on [connecting users to people they actually know]( in real life. He was among a group of executives hauled before Congress earlier this year about online safety from predators and mental health issues. When it comes to his own kidsâ use of social media, he joked he had a simple rule â âban everything but Snapchat.â Relations with China Arm Holdings Plc CEO Rene Haas, whose company provides chip designs that dominate the smartphone industry, was asked about the actions the US and China are taking against each other to protect their respective domestic tech industries. âI donât think anyone could write a risk factor segment and not include China,â he said. âItâs difficult to predict whatâs coming around the corner. Iâm an optimist.â Spiegel, too, weighed in on China when asked about US legislation that [would ban TikTok]( or force its Chinese-based parent, ByteDance Ltd., to sell the popular video app. The US needs a framework for dealing with national security issues versus addressing them in âan ad-hoc or one-off type of wayâ as with the TikTok legislation, he said. Many US businesses have relationships with China, such as manufacturing. âItâs going to be important for those businesses to get a lot of clarity on whatâs OK,â Spiegel said. Cracking Down on Cyberattacks A recent target of hackers has been the health care industry â a cyberattack against Change Healthcare earlier this year prevented billions of dollars of payments to doctors and delayed patient care. Anne Neuberger, one of the Biden administrationâs top cybersecurity officials, said the White House is looking to push new cybersecurity rules for hospitals. California Forever Jan Sramek, the leader behind an effort [to develop a new city northeast of San Francisco](, said criticism of the projectâs initial secrecy amounted to an effort by no-growthers who are looking to block development of much-needed housing. The project, dubbed California Forever, is backed by some of techâs biggest names, including Sequoia Capital partner Michael Moritz and LinkedIn founder Reid Hoffman. âThat whole thing has been used as an excuse by people who have hated any kind of economic development or growth for the last 30 years,â Sramek said. âItâs the same people who take their kids to Disney World every year and they love Disney World. How did Disney World get built?â Sticking With Figma After Figmaâs planned merger with Adobe Inc. fell apart under regulatory scrutiny late last year, CEO [Dylan Field](bbg://people/profile/21395829) had to remind employees they were working for a âhardcoreâ startup. The company offered buyouts, which were taken only by about 4% of employees, Field said. Oh yeah, that belching robot. Many heard a loud burp during a session in which OpenAI Chief Operating Officer Brad Light was being interviewed by my colleague Shirin Ghaffary. The belch came from a humanoid robot named Ameca, made by startup Engineered Arts. Ameca was a celebrity at the conference âit danced with attendees, had an onstage conversation with Businessweek Editor Brad Stone and was even accidentally unplugged at one point.â[Brody Ford](mailto:bford61@bloomberg.net) The big story Oracle acquired digital records company Cerner Inc. for $28 billion with great fanfare two years ago, talking about reinventing the industry. [The performance hasnât quite lived up to expectations](. One to watch
[Watch Clem Delangue, CEO and co-founder of AI startup Hugging Face, interviewed on the sidelines at the Bloomberg Technology Summit.]( Get fully charged Itâs a dangerous and lucrative business [to clean up space junk](. Intuitive Machines, which makes space landers, is on track for [another trip to the moon](. OpenAI rival Anthropic defends its [partnerships with Amazon and Google](. More from Bloomberg Get Bloomberg Tech weeklies in your inbox: - [Cyber Bulletin]( for coverage of the shadow world of hackers and cyber-espionage
- [Game On]( for reporting on the video game business
- [Power On]( for Apple scoops, consumer tech news and more
- [Screentime]( for a front-row seat to the collision of Hollywood and Silicon Valley
- [Soundbite]( for reporting on podcasting, the music industry and audio trends
- [Q&AI]( for answers to all your questions about AI Follow Us Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Want to sponsor this newsletter? [Get in touch here](. You received this message because you are subscribed to Bloomberg's Tech Daily newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox.
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