By drawing on the results of other models, distillation can shape AI that’s almost as good, quickly and more cheaply. WSJ tech reporter Miles Kruppa says that has investors worried about the risks of pouring money into the field’s cutting edge. And retail reporter Kate King says that while Amazon may be the champion of online retail, its recent store closures show it hasn’t replicated that success in the bricks-and-mortar space. Pierre Bienaimé hosts.

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Plus, banks wrapped up the sale of $5.5 billion in debt backed by X, showing that investors are eager to bet on Elon Musk given his proximity to President Trump. And Uber’s earnings disappoint even as it highlights plans for the arrival of robotaxis. Pierre Bienaimé hosts.

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The Japanese conglomerate’s CEO is in talks to spend up to $43 billion to boost Altman’s OpenAI, in what would be the biggest ever investment in a startup. The two companies also announced a joint venture this week. Startups and venture capital reporter Berber Jin joins host Pierre Bienaimé to talk about Son’s track record and what that fresh capital means for OpenAI. Plus, markets reporter Matt Wirz takes a look at the mountain of competing investments from every corner of Wall Street.

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Plus, Spotify hits its first ever full year of profitability, fueled by record user growth and austerity measures. And digital identity verification provider Okta will cut its workforce by about 3%. Pierre Bienaimé hosts.

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Meta's relationship with advertisers was once based on its efforts to combat hate speech and misinformation on its social-media platforms Facebook and Instagram. Wall Street Journal reporter Suzanne Vranica joins host Pierre Bienaimé to discuss a new cultural moment—punctuated by President Trump’s return to the White House—in which the tech giant’s more permissive policy changes have Madison Avenue worrying about the end of “brand safety.”

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Plus, SoftBank Group and OpenAI team up to offer artificial-intelligence services to Japanese businesses. And a leading semiconductor equipment maker’s CEO says China remains far behind the West in cutting-edge chip manufacture. Pierre Bienaimé hosts.

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Cryptocurrency was strictly regulated during the Biden administration, but President Trump may be looking to change all that. On this encore presentation of our series exploring what Trump’s second term means for tech, WSJ Heard on the Street writer and WSJ’s Take On the Week co-host Telis Demos joins host Belle Lin to discuss the future of crypto, and what Trump’s meme coin has to do with all of it.

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Plus, the European Union says its fines on big tech are “not a tax.” And FTX settles with K5 Global. Belle Lin hosts.

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Digital risks to critical infrastructure, data and information systems, and from artificial intelligence are multiplying. On the fifth episode of our series exploring what President Trump’s second term means for tech, WSJ reporter Dustin Volz joins host Belle Lin to talk about how Trump’s approach to securing the digital realm could play out over the next four years, and why AI is only part of the big picture.

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Plus, OpenAI is in early talks to raise up to $40 billion in a funding round which would bring its valuation to $300 billion. And in earnings, Apple reports slump in iPhone sales, while Intel gives a gloomy outlook. Julie Chang hosts.

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