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Bitcoin Crashes Below $70,000 as Collapse of Crypto Continues

Bitcoin trades below $70,000 for the first time since November of 2024. A selloff has wiped out all of Bitcoin’s gains since the election of President Donald Trump. While earlier legs of the decline were driven by crypto-specific liquidations, the recent pressure is tied to wider cross-asset stress. Bloomberg’s Muyao Shen reports. ——– Like this…

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Bitcoin trades below $70,000 for the first time since November of 2024. A selloff has wiped out all of Bitcoin’s gains since the election of President Donald Trump.
While earlier legs of the decline were driven by crypto-specific liquidations, the recent pressure is tied to wider cross-asset stress. Bloomberg’s Muyao Shen reports.
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Bloomberg Technology

Tesla Deliveries Jump 25% | Bloomberg Tech 7/02/2026

Bloomberg’s Ed Ludlow breaks down reports that OpenAI is holding early-stage discussions about giving the US government a 5% equity stake. Plus, Tesla’s delivery numbers rose 25% from a year ago, beating Wall Street’s expectations by a wide margin. And, he CEO of Microsoft’s commercial business discusses the tech giant’s plan to set up a…

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Bloomberg’s Ed Ludlow breaks down reports that OpenAI is holding early-stage discussions about giving the US government a 5% equity stake. Plus, Tesla’s delivery numbers rose 25% from a year ago, beating Wall Street’s expectations by a wide margin. And, he CEO of Microsoft’s commercial business discusses the tech giant’s plan to set up a new organization with 6,000 employees to help businesses use AI.

00:00:00 – Bloomberg Tech Begins
00:01:05 – Mike Shepard, Bloomberg News
00:04:57 – Maggie Eastland, Bloomberg News
00:08:12 – Craig Trudell, Bloomberg News
00:10:38 – Stephanie Valdez Streaty, Cox Automotive
00:16:51 – Fiona Cincotta, City Index
00:23:30 – Carmen Reinicke, Bloomberg News
00:25:21 – Judson Althoff, Microsoft Commercial Business CEO
00:33:49 – Isaiah Taylor, Valar Atomics CEO
00:40:40 – Jennifer Surane, Bloomberg News
——–
“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Bloomberg Technology

Nuclear Reactor Powers Nvidia AI Chip in US First

Valar Atomics, a California-based nuclear startup, generated power from an advanced reactor to run an Nvidia AI chip. While just a trickle of electricity was produced, it’s the first time a next-gen reactor has done so in the US. On the heels of a demonstration of Valar’s Ward 250 reactor connecting to the Nvidia Blackwell…

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Valar Atomics, a California-based nuclear startup, generated power from an advanced reactor to run an Nvidia AI chip. While just a trickle of electricity was produced, it’s the first time a next-gen reactor has done so in the US. On the heels of a demonstration of Valar’s Ward 250 reactor connecting to the Nvidia Blackwell chip at the company’s site in Utah, Valar Atomics CEO Isaiah Taylor joins Ed Ludlow on “Bloomberg Tech.”
——–
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Bloomberg Technology

Microsoft Shifts Strategy on Enterprise AI

Microsoft is mobilizing 6,000 employees in a new unit aimed at helping enterprise clients better utilize AI. Judson Althoff, CEO of Microsoft’s commercial business, discusses what is driving this move and what impact Microsoft hopes to see. He joins Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:  …

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Microsoft is mobilizing 6,000 employees in a new unit aimed at helping enterprise clients better utilize AI. Judson Althoff, CEO of Microsoft’s commercial business, discusses what is driving this move and what impact Microsoft hopes to see. He joins Ed Ludlow on “Bloomberg Tech.”
——–
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