Bloomberg Audio Studios, podcasts, radio news from the heart of where innovation, money and power collide in Silicon Valley and beyond. This is Bloomberg Technology with Caroline Hyde and Ed Ludlow.
Live from New York. I'm Caroline Hyde. You are watching Bloomberg Technology. The news coming out of AI infrastructure. The fact that we saw from soft Bank, Open Ai and Oracle a deal to be investing at one hundred billion dollars more in infrastructure or potentially five hundred billion. Will get to more of that in a moment in video gets a lift. But Larry Ellison is everywhere at the moment,
and let's just talk about that. Because President Donald Trump said he would be open to Oracle chairman Larry Allison, indeed Eel Musk purchasing Tiktook. It's part of a joint venture with the US government. Let's bringing blombags Alex Levine, who is trying to dissect the narratives going on around TikTok, because they aren't the only key bid on the table.
It was he.
I mean, we haven't even got one from Larry Ellison and Neil Musk.
There are a bunch on the table. I think the most important thing to note up top is that ByteDance has not made any indication publicly that they are interested in selling TikTok's US business. It's possible that could change now that the app has been shut down for a brief period this past weekend, and also that they're at the end of their legal road, but they've made no
indication that they want to sell if they do. Consider who are the potential buyers on the table, Well, we know that Elon Musk and Larry Allison, based on what Trump said up the White House just yesterday, are people
that he'd be open to potentially selling to. But we also heard yesterday that there is a new bid that was assembled by a tech entrepreneur who is the founder of employer dot com, and he has assembled a group of American investors that actually includes mister b Sir Jimmy Donaldson, who is the highest earning and followed creator on the Internet.
So again, remains to be seen whether any of these go anywhere, but I do think that well, they are not the first and they will probably not be the last that we see spring up in the next you know, several weeks or months.
What we're trying to understand is what on earth a joint venture with the US government would possibly look like. This has going to be getting the current investors in bite dance Avid attention, General Atlantic. Bill Ford has been speaking in Davos to Axios and he's saying, look at the negotiations we'll be kicking off this week.
Yep.
So I think that we can expect to see a little bit more movement. But it's also important to remember that everything we have heard thus far, especially from Donald Trump, who is really the one that has leverage over this, it's all been very mushy. So that has been mushy. I think the one thing that is clear is that political connections at this point are going to rule the day.
And Trump doesn't seem interested anymore really in talking about data protection or what kind of technical fix this could be. He really wants to strike business gold. He wants a lucrative deal for the United States, and he knows that he is now the one that has the most leverage.
Alex Lavigne working double time. We appreciate it, and let's talk about what else President Trump has been unveiling, and a sweeping program to speed up AI infrastructure is one of them dubbed Stargate. The initiative, we'll see SoftBank, Open Ai and Oracle forming one hundred billion dollar joint venture to build out new data centers and campuses. We want to talk about more of this because it involves other technical players like in Video and Microsoft and arm holdings.
We're joined by Navarna Singh. She is the CEO of AI governance platform Credo AI, a member of the White House's National AI Advisory Committee that was formed, of course under the previous administration. Navrina, it feels as though the safety is again in this case, going to one side and it is all out investment in infrastructure, governance doesn't matter.
Hello from Damos. Good to see you. You know, it's interesting because we are seeing a slightly different narrative on the ground. We are actually seeing that there's a lot of excitement around artificial intelligen which is powering every industry, and governance and trust building is right central to it. Here at Davos, we have enterprise leaders from some of the top companies, we have policymakers, we have governments represented.
And what's really interesting is artificial intelligence is the talk of the day, but more importantly is trust so I'm not seeing safety and trust conversations moving to the side. I'm actually seeing the still being right in the focus here.
But he undid that executive order that potentially you helped advise on previously about AI safety and governance. So do you still think that businesses will commit to having a creator come in when they are also looking to build out? How new is this investment seeming from soft Bank, from Oracle and from open AI.
You know, the Trump administration has been investing a lot in artificial intelligence, just like the previous government has invested a lot in AI in the past couple of years. I think we are going to continue to see the momentum in this space. Now what format takes I would say the next forty eight hours, any two, next six months, I'm going to tell. But there is still a lot of discussion around what does good guardrails, what does good
governance for this very powerful technology look like? And as you know, this is such a broad space. Artificial intelligence technology is creating markets and markets within markets, and guardrails are becoming central to the conversation around trust and risk management.
Certainly, it still remains important to Europe and there are two very different tacks being taken. It feels like from EU regulation in US regulation, with your expertise having advised the previous administration and potentially still working for this next
one in an advisory role of RENA. Do you think this one hundred billion dollars maybe five hundred billion dollars is actually new or is it just being packaged in a new way, because look, apparently all the infrastructure was already being built in some way in Texas according to Larry Ellison, and we already heard from US year She's said about his one hundred billion dollar intentions.
It might not be a new idea, but I think this is showing further commitment to this transformational technology. So is this a good step in the right direction? Absolutely? Now what this means in terms of making sure that we are driving growth responsibly that is yet to be determined.
Have you been asked for advice on that by the new administration? How do you think your role will continue to blossom or not with government?
So we are continuing to serve the new administration as well as you recall, I've been on the National Air Advisory Commission for the past three years and I have committed to serving the new administration in the coming three years, So looking forward to contributing to our nation's growth, especially in artificial intelligence.
And Avrena just leave us with what Europe thinks about all this kind is there as they do focus in on the governance side.
So as you can imagine, you act goes into effect in a weeks, especially with the EI in literacy requirements
as well as requirements around the prohibited use cases. So there's a lot of discussion right now at Davos around what does EI literacy mean for an enterprise, Because to be able to build and grow with artificial intelligence and bring all the prosperity that everyone's talking about, you need to be literate about these technologies, and so what we are seeing on the ground right now is a lot of conversation around AI literacy and what that means for enterprise.
Thank you for sharing some of your time in Davos, Creative Aica and Avrina Singh staying warm late there. We appreciate it. This is bretting by technology