Bloomberg’s Caroline Hyde discusses the fall in Nvidia shares following reports that Meta is in talks to spend billions on Google’s AI chips. Plus, Chinese leader Xi Jinping revived the topic of China's sovereignty over Taiwan in a phone call with President Donald Trump. And Apple eliminates sales roles in a rare layoff to streamline the way it offers products to businesses and governments.

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Bloomberg’s Caroline Hyde discusses what stocks are moving as investors eye the growing amount of debt tech companies are taking on to support the AI buildout. Plus, investors pulled $3.5 billion from Bitcoin ETFs in November, as the crypto heads for its worst performance since the 2022 collapse. And IonQ CEO Niccolo de Masi discusses the company’s partnership with Heven AeroTech to develop quantum-enabled drones.

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Today we’re sharing something a little different in your feed — an episode from our colleagues at Here’s Why, Bloomberg’s weekly show that answers one big question in under 10 minutes, explaining the ideas shaping our world.

This episode looks at a story right at the heart of the tech world: the massive investments in AI data centers, and the hidden costs that come with them.

If you’d like to hear more episodes like this one, you can follow Here’s Why wherever you get your podcasts:

• Apple Podcasts: https://podcasts.apple.com/gb/podcast/heres-why/id1479610314

• Spotify: https://open.spotify.com/show/6dajvfHUjw7HaFot0BoNNu

• Bloomberg: https://www.bloomberg.com/podcasts/series/heres-why

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