Bloomberg's Caroline Hyde and Ed Ludlow take a look at Microsoft's custom-designed AI and cloud chips and what the move means for the company and competitors. Plus, SpaceX plans to spin off its Starlink unit for a public listing in 2024, and Presidents Biden and Xi meet in San Francisco.

AI Spending Ripples Across Tech Stack; Nvidia Acquires Hugging Face
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Nvidia Nears $14B Hugging Face Deal
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Anthropic’s Compute Bet, Musk on AI, Apple’s New CEO
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