Joby Aviation is flying electric air taxis between John F. Kennedy International Airport and Manhattan this week to show off its quieter, zero-emission aircraft in a city weary of noise pollution.
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Bloomberg’s Ed Ludlow discusses Microsoft’s and OpenAI’s decision to drop exclusivity rights on AI models in a move that opens the doors for the rivals to make new deals. Plus, China blocks Meta’s $2 billion purchase of AI startup Manus. And, the feud between Elon Musk and Sam Altman heads to court with the Tesla CEO alleging OpenAI abandoned its founding mission.

Chapters:
00:00:00 – Intro
00:11:28 – Chip Stocks Slide, Imperiling Record 18-Day Rally
00:17:20 – Meta, Microsoft Trim Workforce Amid Heavy AI Spend
00:33:37 – China Blocks Meta’s $2B Purchase of AI Firm Manus
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“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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Microsoft and Meta have announced plans that could reduce their workforces by thousands ahead of releasing their quarterly earnings later this week. Sarah Franklin, CEO of the human resources platform Lattice, says “Tokenmaxxing”, AI use and large job cuts aren’t the right things to focus on to free up capital. She joins Ed Ludlow on “Bloomberg Tech.”
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