Bloomberg Tech Meta to Deploy Homegrown Chips, Uber to Offer Zoox Rides
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Mar 11, 2026 Riley Griffin, Bloomberg reporter who toured Meta’s chip lab, describes Meta’s MTIA in-house chip roadmap and M&A moves. Ali Ghodsi, Databricks CEO focused on AI tooling, discusses GenieCode, acquisitions, and product strategy. Matthew Weir, Goldman Sachs MD, gives macro and markets perspective on AI-driven capex, demand, and equity outlooks. They dig into chip buildout, AI productization, and market implications in short, punchy segments.
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Oracle Earnings Eased AI Build Anxiety
- Oracle's earnings showed revenue recognition from capacity handovers and management claimed 90% of deliveries were on time or early.
- The market viewed the report as confirming AI infrastructure demand and easing execution worries about large data center builds.
Focus On Earnings Not Hype
- Investors should anchor returns on earnings growth rather than hype; Goldman expects S&P 500 earnings to grow ~10% and total returns nearer 7% due to multiple compression.
- Focus on real GDP-driven earnings and expect multiples to moderate from elevated levels.
AI Displacement Is Offset By Job Creation
- Goldman Sachs views AI as productivity-enhancing though disruptive; annual displacement estimates (~1M jobs) will largely be offset by new job creation and capital formation.
- Historical patterns show technological change creates more jobs than it destroys, supporting a bullish long‑term economic view.