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Meta Doubles Down on AI Spending, Plans New Class C Shares

Bloomberg’s Ed Ludlow breaks down Meta’s plans to boost AI spending and release new Class C shares to ensure CEO Mark Zuckerberg stays in California if a wealth tax is passed. Plus, Tesla reported strong profit, but a big cut to its spending plans is raising questions about Elon Musk’s AI, robotaxi and robotics goals…

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Bloomberg’s Ed Ludlow breaks down Meta’s plans to boost AI spending and release new Class C shares to ensure CEO Mark Zuckerberg stays in California if a wealth tax is passed. Plus, Tesla reported strong profit, but a big cut to its spending plans is raising questions about Elon Musk’s AI, robotaxi and robotics goals for the company as it weighs a potential merger with SpaceX. And OpenAI’s models helped find a potentially catastrophic software vulnerability. OpenAI President Greg Brockman and Cloudflare CEO Matthew Prince explain how AI is enabling both defenders and hackers.

00:00:00 – Bloomberg Tech Begins
00:01:27 – Alexandra Levine on Meta Boosting Capex Plan
00:04:36 – Minda Smiley, EMarketer on Meta Monetizing Muse
00:09:35 – Ben Harwood, New Street Research on Tesla After Earnings
00:14:57 – Craig Trudell on Musk Eyeing Tesla-SpaceX Deal
00:17:53 – Fatima Boolani, Citi on IBM Earnings
00:23:33 – Alison Porter, Janus Henderson Investors on Meta Credit Risk
00:34:16 – Greg Brockman, OpenAI President & Matthew Prince, Cloudflare CEO
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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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5 Comments

5 Comments

  1. @rockypiccio4100

    October 22, 2026 at 2:47 pm

    That Meta 3Q Segment Revenue numbers made me think… hold on, the math is not mathing. 😅

    • @andrewkevalaitis2684

      October 22, 2026 at 9:24 pm

      Yeah, let’s just let the globalist thieves and liars like Bloomberg & Friends steer us to China!🙄😆😂🤣

      You’re all ass-🤡’s‼️

      Trump is ending CITY OF LONDON’S GLOBALIST ECONOMY‼️‼️

      Be patient and you will all see what the mew economy of Trump will bring the world.

      Stop second guessing him or you will become part of the west’s decline!

      It’s all part of their globalist plan and it’s very very well documented! 👍🏻🇺🇸

  2. @vme90-y7l

    October 22, 2026 at 6:14 pm

    yes Zuckerberg who squandered $60B on his brilliaant idea of the metaverse is the best choice of all 330M Americans to lead Meta into the future. If you believe that I have a bridge to sell you.

  3. @vme90-y7l

    October 22, 2026 at 6:50 pm

    The tech emperors still have no clothes.

  4. @dorliciousness

    October 22, 2026 at 8:51 pm

    f**k Zuck

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Bloomberg Technology

Odd Lots: The AI Trade Shrugs Off a Blue Wave and a Tech Scandal

It’s been a big month so far for American politics and the tech industry. Democrats deliver a sweeping win across the country, calling continued AI development into question. Nvidia launches an investigation into CEO Jensen Huang’s affair with an alleged Chinese spy. There are plenty of things to make investors jittery, yet we’re seeing a…

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It’s been a big month so far for American politics and the tech industry. Democrats deliver a sweeping win across the country, calling continued AI development into question. Nvidia launches an investigation into CEO Jensen Huang’s affair with an alleged Chinese spy. There are plenty of things to make investors jittery, yet we’re seeing a tech rally as markets await the upcoming Anthropic IPO.

Bloomberg’s Michael Ball joins Joe Weisenthal and Tracy Alloway on the Odd Lots podcast to unpack why the tech trade is showing resilience despite macro jitters.
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Bloomberg Technology

Anthropic IPO Demand Surges as CoreWeave Calms AI Fears

Bloomberg’s Riley Griffin takes a look at Anthropic’s potentially record-breaking IPO, with sources saying it’s already multiple times oversubscribed. Plus, CoreWeave reassures Wall Street with third-quarter sales topping analyst estimates and easing fears about the debt tied to its rapid AI buildout; and Congressman Raja Krishnamoorthi discusses how the Nvidia scandal is felt across Washington…

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Bloomberg’s Riley Griffin takes a look at Anthropic’s potentially record-breaking IPO, with sources saying it’s already multiple times oversubscribed. Plus, CoreWeave reassures Wall Street with third-quarter sales topping analyst estimates and easing fears about the debt tied to its rapid AI buildout; and Congressman Raja Krishnamoorthi discusses how the Nvidia scandal is felt across Washington and beyond.
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Bloomberg Technology

Anthropic Targets $1.4 Trillion Valuation in Blockbuster IPO

Anthropic is seeking a valuation of about $1.4 trillion in its initial public offering, a bid to make history as the first frontier artificial intelligence lab to go public. The company’s IPO is set to price on Wednesday, Nov. 18 and trade the following day. Bailey Lipschultz has more. ——– Like this video? Subscribe to…

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Anthropic is seeking a valuation of about $1.4 trillion in its initial public offering, a bid to make history as the first frontier artificial intelligence lab to go public. The company’s IPO is set to price on Wednesday, Nov. 18 and trade the following day. Bailey Lipschultz has more.
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