peter thiel was here yesterday.d. sam altman made a very ambitious prediction, which he believes over the next ten years, gdp could double. peter thiel thought that was an ambitious number. what do you think about a.i. in regard to the types of predictions you might make around what gdp looks like in this country? >> in between the enthusiasts or the everything could be much, much better and the fearful, like, the world is going to really challenged by this lies usually history. and so, i'm a student of history, and in the middle is where we're likely to be. i anticipate that a.i., generative a.i., specifically, will be a boost to the productivity of firms, which we're already seeing. but it's way too early, i mean, way too early to speculate about -- especially if you're a policy maker for the fed -- to speculate. i do think we should expect it to improve productivity for firms and individuals. >> the flip side of that is going to be unemployment, though. >> not necessarily. there's no technology in the history of

liz: theater thiel is one of the smartest in ventura capital business but peter thiel was your firstnvestor. were you nervous when you were pitching him and what was it that you said that you really feel he looked at and seized upon and said, i'm investing in this company. >> i think, you know, peter strzok a brilliant person and when you speak with him you try to use as few words and get as to the point as possible. for us it as a simple insight. business owners want to spend less on their business expenses, not more. every card company is incentiv izing people, spend more money, earn more points, get more lounge access. we believe business owners, finance teams want to spend less money and time and that was enough. liz: how many dollars are you saving the average business who may already be using another company? i mean, there are rivals, obviously. they're all over the place. it's called spend management. it's almost sort of baby sector out there. >> yeah, you know, it's added up to quite a bit in the five- plus years we've been in business we've saved companies over $1 billion in

erase $21 million through peter thiel, that doesn't seem like very much when you consider computer costsnue-generating to support yourselves or will you have to find some more cash. >> absolutely braided we closed another round last month. we raised 175 million from a few different funds primarily from founders fund, coast law. ed: would you be comfortable disclosing the valuation. >> the valuation was run 2 billion. ed: sorry i interrupted you. >> we are super excited to have such great investors at the table. as you said i think there's money but gives us the runway to scale up and to size up and do more. caroline: great to have you to hear about the money you are raising, congratulations on that. cognition ai ceo great to have you in the building. we tend to new york tech week. rebecca joins us about the intersection between web three and ai. this is bloomberg technology. ♪ (♪♪) at enterprise mobility, we never stop looking for new mobility solutions. because sometimes the best road forward, is the one you didn't expect. (♪♪) are still calling each other rock stars. you're a rock star

peter thiel's founders fund, looking to raise 1.5 billion dollars, one of the largest funding round of ai. plus, sequoia capital is meeting an investment in a french startup building customized ai bots for companies making software plugging into companies like google and philanthropic for things like slack. and it's not of course the only ai investment today. clay is invested in sales and marketing businesses raising $46 million from investors like sequoia and others, bringing the company valuation to $500 million. ed: let's keep talking about investing in ai and bring in shruti gandhi, the founder of array ventures. the focus is getting into ai names at the earliest stages. this is a well-timed and important conversation. two days ago you had the edge founder and ceo on the show with a debut round of $120 million. after he went on the show loads of people reached out and said great interview, but they don't have anything to show yet. they are talking about taking on the nvidia's of the world and it's a hardware play. in the first instance, getting in at the early stages, how do you kn

if you listen to people like peter thiel who said you don't need --, you need verbal skills.gram better than the programmers, why do we need the call centers because we will just use chatbots which are just better, more efficient and cheaper. tom: i could spend a whole show talking to about what's happening in india. for some it will feed the narrative that maybe you are starting to get up at nine cool the u.s. others are saying there is french's of a recession. we have softer data when it comes to the u.s. consumer. it's coming below the expectations. is this a benign slow down or is at the start of something uglier? >> it could be a benign slowdown, it depends on how quickly the federal reserve acts and how quickly the employment market changes. pray for the consumer, a bit more than fully employed in wage growth has been extremely robust, which is why we've had higher than expected in the u.s. we could see that from it all pointing the same way, it's been great, it's going to cool down, which is great for inflation which means wage inflation should trend lower. on the othe

it was backed by peter thiel and makes drones and autonomous weapon systems and won a major contractlop unmanned fighter jets for the u.s. airports. the health platform function reached $53 million in its funding round. it focuses on preventative approach is to help individuals manage their world -- their well-being. the cofounder mark hyman joins us now. it is a significant sum of money and congratulations. but actually what caught my eye in the first instance is how many users you have on boarded and how big the waitlist is relative to those. please explain that. mark: thank you for having me. this is an incredible moment in medical history because we are seeing consumer driven health care exploding and we had a pain point where people want access to their own data and biology and to look under the hood and not provide the health care system to access the -- at their own information. we have gone to 50,000 -- 2000 people on the waitlist. it is a hunger for people to know about their health and to have their own agency using their data on their own body and having ownership of it. r

. >> peter thiel talking to andrew, by the way, in a fantastic week of coverage out of aspen, did sayin an a.b. test, he would err for trump, but he said that post-election, there might be some buyer's remorse because an election is about the choice between two. would you be worried about things like labor supply if deportations became a real thing? >> labor supply is the big issue. when we've interviewed the labor secretary or anyone from the administration, they never talk about it, because obviously, they think it's a hot button. what matters is how many visas. they won't tell us. they haven't told. look, if you run a small business, and you're hiring illegal immigrants, they're going to go after you. they still do. one of the reasons why people use adp, why they use paychex, because they want to immunize themselves, because therefore it's vetted. i think that that's a very good point, that wages would go up, and that's an unintended consequence, but i think that, to make -- that's so many leaps forward that i'm -- i feel like there are i am pro-trump. i am just saying, this is wha

is he a long-time friend of peter thiel, elon musk, he is a really rich guy.undraiser at his house. they expect to raise something like $12 million. as it turns out, david sacks, according to the times today, came into the orbit of the former president they were having the dinner, the former president was, with j.d. vance in washington in the month of march. and vance said hey, i want you to meet my friend david sacks. as it turns out, it sounds like they are quite aligned politically, and now they are going to be having this fundraiser tonight. >> ainsley: we are a little more than a month away from the rnc. that starts on july 15th. so that means we'll probably find out who his v.p. pick will be. >> lawrence: right before. >> ainsley: coming up right before. or maybe there and fox news is reporting the presidential -- the vice presidential contender ares, four of them at least, have received the vetting papers. and that would be marco rubio, tim scott, doug burgum and j.d. vance. there are some others on the list that he is apparently looking at apparently.

eight years ago it was another influential tech investor named peter thiel who put his support behindmp and it felt liability the whole tech community was appalled and aghast at this. the tone is so much different here eight years later. there is a lot more support and it's really an example of this fundraiser tonight of how once support of the former president could vilify you, but now it can glorify you. the organizer david sachs along with another tech investor they have supported democrats in the past, this time around they're throwing all of their support behind the former president. they're hoping that this event will actually encourage more in the tech community to come out in support of the former president. i mean, there's two factors at play here, one is on the policy side. trump is seen -- and the republican policies are seen as more friendly or at least less hostile to the tech community, whereas president biden and his administration, his regulators, are seen as tougher on things like big tech, gig economy, generative ai. so that's a play here, but the other factor here i

peter thiel will join us.e morning and ask what's happening in europe as relates to apple. you saw that apple's now been accused of using its app store improperly claiming a regulatory problem. it's the first time that a u.s. company like this has been charged. i'm curious how you think about that news, but how in a more broad context, what the implications are for u.s. businesses doing business in europe? tech companies specifically. >> good morning, andrew. you know, i am wary of giving european regulators any power whatsoever because they're pretty crazy people. in this case probably making a good point. apple is a bully. they have attacked a lot of things randomly, they change their minds. probably too much power in the market. overall, even though on the tech side side on on innovation side not the big bully side. >> interesting, though. i haven't heard you pub luckily come out against apple at least like that before. you think they are a monopoly? have too much power in the app store? what's your take an

now on the board of openai here and later today, peter thiel.n the air tomorrow, of course, after the debates and maybe get some of a preview about the debates from peter thiel as well. he's tried, i think, to stay out of politics this round, but i'm hoping maybe he'll give us a lot taste what's going on in his head about it all. >> and maybe, he may be one of those quiet guys, andrew. right? i mean, he doesn't say much anymore. and why -- does anyone need that? you know? when you're a tech guy. did he really mean what happened last time he put his foot, or his toe in the water of politics? i mean, what did he get out of that exactly, do you think? what's the upside for speaking up or doing anything? so i think those -- sonnenfeld's piece. did any of those guys he was talking about, are any of them on the record giving money to biden? >> and that's the issue. not seeing a lot of people giving on either side this round. >> neither. >> obviously when -- yep. >> but he would say, well, normally 70% of republicans in the past, always -- he would say

that peter thiel interview on and off camera, i think, andrew. bet you can find one -- >> that's a great question. a great question. i will -- i will ask him where he's staying. in fact, maybe if it is an air been airbnb, cameras see if we can find it. there you go e. good thinking. >> stayed in one in telluride. it gets expensive, andrew. you know that. pricing when trying to go across town. >> yep. >> all right. looking forward to brian, the other brian as well, brian grazer tailgates that. can i ask a question? >> 100%. >> i just -- i want to go to the movies! i don't want everything to be on netflix, like once a month. what people tell me. i wonder what brian thinks about that? he might have an answer for what we need to do. >> i'm sure he will. sure he will. >> alcohol i don't know -- >> alcohol in theaters. >> what? depends on the movie. pink floyd concert would be good. >>> outlining guardrails in the classroom for a.i. randi wieingarten joining us next. we'll be right back. (laughter) at 88 years old, we still see the world with the wonde

and i'm thinking, it's true, elon musk is now in texas, peter thiel is i think, left california.hinking. you must have had conversations with a lot of folks in this space. >> you know, there's clearly concerns with the extreme left and the extreme right. i have those to concerns. many like myselves are independents. and they want to be in the middle and let alone -- so i do see the frustration on the right and i see the frustration on the left, but i think most people i know of are more focused on the morals and values of a guy like trump. like, would you want your kids to grow up with those values that trump has? and demonstrates? >> one of the things i'm hearing at this ceo conference, just even last night, is a worry among ceos about regulation. we'll talk to lina khan a little bit later today. how do you balance -- and i imagine you may even agree with a lot of the criticism about regulations here. i don't know if you do or not, but how do you balance that versus some of the other views i think you have, either on social issues or these moral issues that you have around the f

thiel later this week.k that right now, there is actually a sense, and it was said actually we were talking about dave rubenstein, what's the economy right now? he thinks it's a b-plus. maybe, and that's not on a curve relative to the rest of the world. i think most people here feel pretty good about where things stand. i don't think it's perfect yet, but clearly, i would actually argue the big conversation here is actually not really the economy. it is very much politics and what's going to happen. by the way, jonathan capehart hosting a big debate watch party later this week, and there's a whole number of politicians that will be here that will be part of that. if you allow me, i just wanted to refer to the reverend's question earlier about dei and just what ceos are thinking because i think there's something that's very profound that's happened in america even over the last several years. and you referenced immigration. i will tell you, by the way, during that business roundtable meeting i'm told tim coo

thiel and all of you voted to put him on the c block. i also want the public to know that the san francisco parent coalition, who our superintendent does town halls with, is funded by two billionaires who have right wing political agendas. they are an astroturf. they are pushing school closure. and as a parent, they don't speak for me. i don't i don't believe school closures are necessary. and the fact that we have our superintendent doing town halls with astroturfs that are funded by pro school privatization billionaires makes me feel i can't trust him and that i can't trust this school closure process. if you want trust, you need to earn it. thank you. good evening. as you make significant decisions on budgets, school closures and layoffs, it is vital to understand the impact on student achievement, equity and effective use of resources. being able to generate accurate, data driven scenario planning allows decision makers to make better, fully informed decisions. some believe a new seven figure dollar erp system purchased earlier this