what sam altman would want to address is not the current shortage, what our sources tell us is sam altman fierce there will be a significant shortage a few years out from now. when we come to the end of the decade -- he is very focused on heading toward agi. there was simply not be, in his view, enough for what he think will be going on at that point. ed: there are still many questions about how, mechanically, this would work. what we are hearing is there are all these talks with all kinds of investors to raise a huge sum of money, tens of billions of dollars. in reality, it is not as easy as we have the funds, let's build chip factories. the market is dominated by samsung and a hopeful newcomer in intel. what do we know about what is on the table in terms of the proposed way this would work? >> what we are hearing, they're putting together a group. some of that is the capital of the investors. some of that is talking to the existing chip company. we are not hearing that openai wants to start learning how to pour concrete or anything like that. just about three competitors in the business

one of the panelists was openai's ceo sam altman. his company is the creator, of course, of chatgpt which has sent shock waves through the world, that's why it was such big news last year when altman was abruptly fired as ceo then very quickly rehired. we talk about ai and that board room drama. >> i think most people are worried about two opposite things of ai. one is it's going to end humankind as we know it and the other is why can't it drive my car? where do you think realistically we are with artificial intelligence? what are the things it can do effectively and what are the things it cannot do? >> i think a very good sign about this new tool is even with its very limited current capability and its very deep flaws, people are finding ways to use it for great productivity gains or other gains and understand limitations. so, a system that is sometimes right, stieometimes creative, on totally wrong, you don't want that to drive your car. you're happy for it to help you brainstorm what to write about or help you with code that you g

there is a big story happening in the world of technology that we continue to track, sam altman. he will meet with samsung chip executives later this week according to korean reporters. the timing of this report is interesting because friday we are reporting the focus of his initiative to raise tens of billions of dollars is for chip capacity, call it what you will. now samsung. ian: if you are serious about doing this, you have to speak to the koreans. the focus is on tms see what the market leader. if there is a strong number two, it is not intel. they have the technology. ed: there's always big focus on tsmc. samsung is a heavyweight in the market. ian: that is right. everyone focuses on them. memory is a commodity, great. they are the second-biggest contract manufacturer. they have had big customers like nvidia and apple have some serious capabilities and they are ahead of the third guys, intel. ed: the basics of the story reported friday is it is a lot of money because chip factories cost a lot to make and a long time to make but it is this anxiety that in the future supply

ed: that was the open ai sam altman.stone also caught up with salesforce ceo marc benioff to discover the kinds of disruptive changes we can expect with ai. >> i think this idea that companies like openai or microsoft and others want to create digital people that can do all kinds of tasks we do. will they be taxed or will they be regulated, what are the dangers involved? these important questions about the same time, we want to have these incredible benefits of ai we are all experiencing, better health care, better education, augmentation. i was just in milan with gucci. they brought us into work on their call center. very excited and how do we use ai and how do we create better customer service? we don't really know what their end goal is. it's more productivity or is it just better customer relationships or higher margins, do they want to reduce staff or increase staff? when we apply the technology we see now, what we saw was the current state of ai which is really the ability to augment human performance. these indivi

you know, one of the really fascinating things that happened when sam altman, right, the ceo of openai, was fired and summarily and then within a week rehired. was that it was very clear microsoft had come in and really pushed the company to rehire him. and i think that that says something right. it's not very normal for what would be normally just a partner and investor to be able to change the entire direction of a company after they fired a ceo like that. yeah, i was following the dramatic tweets and, you know, lo and behold, a few tweets later, sam's back. >> i mean, i know there was more to it, but why are these big companies such as microsoft, google, amazon so invested in ai and the direction they take? >> well, i mean, it's all about the future, right? one of the key questions is that all of us have been asking for 15 years now is what happens after the iphone, right. the iphone was this this inflection moment that really changed the tech industry. it helped turn apple into a multi trillion dollar company, and google as well. right. and part of what everyone's been trying to fi

of salesforce, he's close to finalizing a $5 million investment and then sam altman who is raising billionsfactories it is very expensive to build in this space i mean, we have talked about the compute power that is needed that has led to billions and billions going to companies like openai and an antropic and there is the question of talent i was at a dinner for some of the key players, the ceos of fox, data brick, salesforce, ai, we're talking about what is needed to build and develop. they're all very excited, the ceo of salesforce ai said this was a moment like 1997 the winners from now, like google displaced alta vista and yahoo. this is really interesting from the ceo of data brick. he says that a senior research -- ai researcher was demanding something like $20 million over four years. those are just astronomical levels, tyler. that's like athlete levels of compensation >> what is your reaction i'm looking here at an axios report indicating the ftc may start to look at big tech's investments in ai. >> yeah. so we talked about this yesterday. this follows the european regulators doing

now open ai ceo sam altman and former secretary of state hillary clinton, both spoke at a summit today in san francisco. the focus on improving the lives of kids and families. abc seven news reporter stephanie sierra was there and takes a look at what happened on day one of this summit. stephanie. >> yeah, a lot of very interesting data points. the conference brought together advocates, youth leaders and policy makers to discuss key challenges facing kids and young families today, including the growing pains of evolving technology. openai founder sam altman and former secretary of state hillary clinton talked about their thoughts for the future. it's called a kids first agenda. exploring solutions to the nation's most pressing issues facing young children and families. that was the theme of the inaugural common sense media summit. >> ai tools are going to be part of the world, but it won't be that we're lazy. it's that we get to operate at a higher level of abstraction. >> openai ceo sam altman shared his vision for the future of technology that involves every teen and adult having the

. >> the future of ai in education openai ceo sam altman was just one speaker today at a summit focusedoving the lives of kids and families in san francisco. he joined other policymakers and advocates like hillary clinton, abc seven news reporter stephanie sierra was there. >> she's here now with a look at what happened on day one of this big summit. hey, steph. >> yeah, there was a lot that happened very interesting data points. the conference brought together advocates, youth leaders and policy makers that discussed key challenges facing kids and young families today, including the growing pains of evolving technology. openai founder sam altman, who you just heard from and former secretary of state hillary clinton, shared their thoughts on the future. it's called a kids first agenda exploring solutions to the nation's most pressing issues facing young children and families. that was the theme of the inaugural common sense media summit. >> ai tools are going to be part of the world, but it won't be that we're lazy. it's that we get to operate at a higher level of abstraction. >> openai

one of the panelists was openai's ceo sam altman. his company is the creator, of course, of chatgpt which has sent shock waves through the world, that's why it was such big news last year when altman was abruptly fired as ceo then very quickly rehired. we talk about ai and that board room drama. >> i think most people are worried about two opposite things about ai. one is it's going to end humankind as we know it and the other is why can't it drive my car? where do you think realistically we are with artificial intelligence? for you, what are the things it can do most effectively and what are the things we need to understand it cannot do? >> i think a very good sign about this new tool is even with its very limited current capability and its very deep flaws, people are finding ways to use it for great productivity gains or other gains and understand limitations. so, a system that is sometimes right, sometimes creative, often totally wrong, you don't want that to drive your car. you're happy for it to help you brainstorm what to write

what struck me in the days prior to sam altman initially being dismissed by the board was how liquidket was, the secondaries market, for openai shares. i wonder if you can explain how that works? greg: to be clear, the week that sam altman decided to leave and come back again was definitely a near-term wet blanket. ed: i don't know that he decided to leave, greg. i think that he was fired, but please, keep going. greg: it was a wet blanket for a moment in time. there were a lot of worried investors presenting a lot of that has been solidified. there is a feeling of stability that the team is back in place. as i said, actually consummating a trade is challenging. there are a lot of bids, people who want to be owners of openai. it is 40% owned by microsoft with a corporate structure with the combination of a not-for-profit. people are setting up entities, special purpose vehicles, etc. by which they hold shares and are sometimes selling units in those special purpose vehicles versus trading shares in some cases. the tender officer is a direct trader share. people are trying to find inn

sam altman, ceo of openai, doesn't think it will replace jobs to the degree expected.ere is what he told brad stone at bloomberg house in dallas. >> this human drive is so strong, in the way society works is so strong that i think, and the kids believe i'm saying this because it sounded un -grammatical to me. but i think it will change the world much less than what we all think. it will change jobs much less than what we all think. i may be wrong. it would not even compile to me as a sense given my perception of how agi would go. >> have you both changed your views on how significant the job description will be as agi comes into focus? >> you hear coders say i am two times or three times more productive, and i can never code again without this tool. but turns out, and i think this will be true for a lot of industries, the world just needs a lot more code than we have people to write right now. it's not like we have run out of demand and people can just do more. expectations go out, but ability goes up, too. sonali: goldman-s equity trading jumps, as the wealth business

sonali: do the elections battle for sam altman? he made a joke about how both parties were keeping an eye on it. his deputy made a comment about how it is not really an election topic yet. lawmakers are still taking a look. what does it mean in the next election cycle? alex: it seems very much the way they talk about it that this is front of mind for openai. they are trying to be very responsible with it. if we take them at face value, the risk is what some of the other players in the space do. there are others who may not be thinking about it quite as vigilantly. when we see misinformation and disinformation in the election cycles, the bath is often -- the baby is there and i with the bathwater. people are not necessarily going to go it was not actually openai or google or anthropic. they will just go it is ai and regulators will say we need to come down on this. i think that is the bigger risk from other companies consider themselves responsible actors. there's always a good chance somehow bad actors find a way of manipulating th

. >> i did see him there a couple of times once with sam altman the ceo of openai which is a hot a.i.has a partnership with microsoft and the biggest body act in business right now, why not, openai has an evaluation looking at a hundred billion of microsoft as you said 3 trillion in a market cap, the stock has been killing one year, three year, five years, ten years outperform the market. if you put $5000 into the ipo in 86 it would be worth $20 billion. jack: a funny thing about microsoft even if you were just an index microsoft would be 7% of your portfolio 7% of the s&p 500. let's look back at history back in 1999 microsoft was flying high but it took more than a decade before you made your money back, could we be worried about history repeating itself. >> there was a dark period from 1999 to 2016 the stock went nowhere essentially it underperformed and some people say this is another time where the stock is really up will history repeat itself, there are key differences. number one the stock had about 65 it is only 32 today, that's pretty rich but not 65. number two bill gates was

staying with openai the company's chief executive sam altman is understood to be in south korea todayhips for making chips. and that's it for this edition of asia business report. thanks for watching. bringing the different stories from across the uk. - my father and i started it and it has— my father and i started it and it has grown organically with lots — it has grown organically with lots of — it has grown organically with lots of people visiting and it grew— lots of people visiting and it grew and grew and just over the years— grew and grew and just over the years it's — grew and grew and just over the years it's mother nature taking it away— years it's mother nature taking it away again and we have to come — it away again and we have to come back and put it back together. it's not a lot left at att~ _ together. it's not a lot left at all. , ., ., together. it's not a lot left at all. ., ., ., at all. everyone who came along to help rebuild _ at all. everyone who came along to help rebuild the _ at all. everyone who came along to help rebuild the bench - at all. everyone who came

. >> i did see him there a couple of times once with sam altman the ceo of openai which is a hot a.i.nership with microsoft and the biggest body act in business right now, why not, openai has an evaluation looking at a hundred billion of microsoft as you said 3 trillion in a market cap, the stock has been killing one year, three year, five years, ten years outperform the market. if you put $5000 into the ipo in 86 it would be worth $20 billion. jack: a funny thing about microsoft even if you were just an index microsoft would be 7% of your portfolio 7% of the s&p 500. let's look back at history back in 1999 microsoft was flying high but it took more than a decade before you made your money back, could we be worried about history repeating itself. >> there was a dark period from 1999 to 2016 the stock went nowhere essentially it underperformed and some people say this is another time where the stock is really up will history repeat itself, there are key differences. number one the stock had about 65 it is only 32 today, that's pretty rich but not 65. number two bill gates was the ceo a

chris cock of meta, james manyika of google and sam altman of open ai . okay i feel like you guys are a little far away. did we bunch up? it does feel a little far. does it feel free to gather in for our for our conversation foreign hi everyone. good afternoon. i am very very pleased to be here at and hosting the discussion of one of the most important topics in technology and around the world. artificial intelligence. the era of generative ai is moving at breathtaking pace, making step function changes rapidly in a short amount of time. it's an astonishing time to be alive, and it feels different from other disruptive technologies. this year alone, design discussions have ranged from some possibilities of apoc elliptic doom to the exhilarating promise of unprecedented advancements. as these technologies are speaking and conversing with us, creating images and challenging our understanding of human intent emergence. however many questions remain around around how we can best utilize these ai as humans for the good of humanity and to craft a future that's

altman of openai and meta's mark zuckerberg, microsoft satya nadella and, of course, emon musk, butno concrete progress has been made on the part of lawmakers. this comes as the newest version of chatgpt 5 is expected to come out in the coming months and it's expected to be a new increasingly complex set of capabilities. all of this happening is the backdrop of goldman sachs predicting 300 million jobs will disappear or change thanks to ai and you can expect voters to be asking about that impact in the year ahead. >> absolutely. in the immediate term, the biden administration has been concerned about what this will mean for our politics on the campaign trail, the use of deep fakes or misleading voters. what are the companies doing to prevent that? >> the social media companies are telling me they're throwing every resource they have to stop misinformation and disinformation. this is a sprawling endless game of whack a mole. that information spreads constantly online and it is continuing to be very hard to stop, especially with the arguments and protections of free speech. now meta,

altman was the main event. in his eyes ai is the future for almost everything including education. >> a new way to use the internet. do work more productively. in a way to discover science. a new way to get better healthcare. it really is a pretty deeply enabling new technology. >> reporter: he announced open ai will be working with, since media to write new platforms marketed to kids and teens. the goal is to keep young learners safe. his presentation at the summit today seem to raise plenty of questions and concerns from a lot of the attendees. and even some of the panelists. deep fakes and other ai manipulated media are a big concern especially in an election year. he notes there are also other sophisticated scams abusing ai technology. >> personalize persuasion and ability of models to not target a message the entire internet it's one person. it is a new thing. it was impossible at any scale. >> reporter: that is one reason why it is necessary to begin using ai and teaching now. his academy is using ai as a

sam altman , ceo of opena, one of the largest american companies in the field of intelligence. he says: this technology can be a big threat to the elections. these models can deceive people. due to the fact that we have an upcoming election and this model also has it development has become an important concern. but as forbes wrote, the benefits of artificial intelligence are so great that solutions must be found so that its risks do not overshadow its positive uses. artificial intelligence can reduce human errors. it automates repetitive tasks and facilitates work processes and is always available. however , what is the way to recognize the images produced with deep gel technology? business insider recommended that users ask themselves these few questions when viewing content on social networks. are the details of the image blurry? does the lighting look unnatural? has it arrived? do the words or sounds not match the pictures? is the source of this content? it seems reliable that in addition to the recommendations of media literacy , different countries have taken steps to regu

among the headliners, former secretary of state hillary clinton and openai ceo sam altman. altman announced a new partnership with common sense media to help assess and rate new online a.i. platforms that are marketed to kids and teenagers. during altman's appearance, he was asked about some of his worries that come with the new technology, including so-called deepfake videos, what you're seeing here. sal kahn of mountain view's kahn academy, says those worries are exactly why artificial intelligence needs to be part of the curriculum now. >> the best protection is for people to understand what can be faked now, what can happen, and what you can do to test that and not to immediately react for some urgent relative asking for money. >> altman and khan both warned the crowd that as a.i. technology gets more sophisticated, so do the potential risks for abuse. >>> let's take you outside now on this monday. a live look at sfo, getting those flights ready next week to vegas. our chief meteorologist jeff ranieri going to join us with a look at the incoming orms. herest you wa tnt

openai co—founder sam altman is returning to the company days after he was ousted.king astonished many and led to staff threatening mass resignations until he was reinstated. the battle at the top of openai began when the original board decided to remove mr altman, saying they had lost confidence in his leadership. binance chief executive changpeng zhao has resigned after pleading guilty to money laundering violations. the usjustice department said the world's biggest cryptocurrency exchange had helped users bypass sanctions. it's ordered the firm to pay for your $5 billion in penalties and forfeitures. mr zhao said he made mistakes and stepping down was the best move for the company. scientists in scotland are using robotic sub—sea gliders to check a system of ocean currents for signs of climate change. they're monitoring the conveyor belt which regulates global temperatures by carrying warm and cool air around the world. there is some concern the system is weakening. these gliders really help us go to places we would not really get to in the winter and they can st

. >> i did see him there a couple of times once with sam altman the ceo of openai which is a hot a.i.t has a partnership with microsoft and the biggest body act in business right now, why not, openai has an evaluation looking at a hundred billion of microsoft as you said 3 trillion in a market cap, the stock has been killing one year, three year, five years, ten years outperform the market. if you put $5000 into the ipo in 86 it would be worth $20 billion. jack: a funny thing about microsoft even if you were just an index microsoft would be 7% of your portfolio 7% of the s&p 500. let's look back at history back in 1999 microsoft was flying high but it took more than a decade before you made your money back, could we be worried about history repeating itself. >> there was a dark period from 1999 to 2016 the stock went nowhere essentially it underperformed and some people say this is another time where the stock is really up will history repeat itself, there are key differences. number one the stock had about 65 it is only 32 today, that's pretty rich but not 65. number two bill gates w

openai co—founder sam altman is returning to the company days after he was ousted.ng astonished many and led to staff threatening mass resignations until he was reinstated. the battle at the top of openai began when the original board decided to remove mr altman, saying they had lost confidence in his leadership. binance chief executive changpeng zhao has resigned after pleading guilty to money laundering violations. the usjustice department said the world's biggest cryptocurrency exchange had helped users bypass sanctions. it's ordered the firm to pay for your $5 billion in penalties and forfeitures. mr zhao said he made mistakes and stepping down was the best move for the company. scientists in scotland are using robotic sub—sea gliders to check a system of ocean currents for signs of climate change. they're monitoring the conveyor belt which regulates global temperatures by carrying warm and cool air around the world. there is some concern the system is weakening. these gliders really help us go to places we would not really get to in the winter and they can stay

openai cofounder sam altman is returning to the company days after he was ousted.many and led to staff threatening mass resignations until he was reinstated. the battle at the top of openai began when the original board decided to remove mr altman, saying they had lost confidence in his leadership. binance chief executive changpeng zhao has resigned after pleading guilty to money laundering violations. the usjustice department said the world's biggest cryptocurrency exchange had helped users bypass sanctions. it's ordered the firm to pay $4.3 billion in penalties and forfeitures. mr zhao said he made mistakes and stepping down was the best move for the company. scientists in scotland are using robotic sub—sea gliders to check a system of ocean currents for signs of climate change. they're monitoring the conveyor belt, which regulates global temperatures by carrying warm and cool air around the world. there is some concern the system weakening. there is some concern that the system is weakening. these gliders really help us go to places we would maybe not get to in

. >> i did see him there a couple of times once with sam altman the ceo of openai which is a hot a.i. a partnership with microsoft and the biggest body act in business right now, why not, openai has an evaluation looking at a hundred billion of microsoft as you said 3 trillion in a market cap, the stock has been killing one year, three year, five years, ten years outperform the market. if you put $5000 into the ipo in 86 it would be worth $20 billion. jack: a funny thing about microsoft even if you were just an index microsoft would be 7% of your portfolio 7% of the s&p 500. let's look back at history back in 1999 microsoft was flying high but it took more than a decade before you made your money back, could we be worried about history repeating itself. >> there was a dark period from 1999 to 2016 the stock went nowhere essentially it underperformed and some people say this is another time where the stock is really up will history repeat itself, there are key differences. number one the stock had about 65 it is only 32 today, that's pretty rich but not 65. number two bill gates was th

the big names in san francisco to talk ai including hillary clinton and sam altman. >>> a pool that hasme to olympians is now being closed over safety concerns. the south bay swim center that is going down but not without one last fight. >>> good monday everyone. the news at 5:00 starts right now. you for joining us. >>> protecting reproductive rights. vice president kamala harris brought that message today to san jose. >> protesters repeatedly interrupted the event to demand the vice president turned her attention to gaza. >> during her talk at least four different times she was shouted down by protesters calling for a cease-fire in gaza. but the vice president remained focused on talking about the importance of reproductive rights. >> several hundred people gathered at san jose's mexican heritage plaza today to hear kamala harris talk. her message ever since roe versus wade was overturned in 2022 fighting for reproductive freedom is more important than ever. >> to fight back against laws that are criminalizing healthcare providers and making women suffer in our country. >> reporter: s

. >> i did see him there a couple of times once with sam altman the ceo of openai which is a hot a.i.with microsoft and the biggest body act in business right now, why not, openai has an evaluation looking at a hundred billion of microsoft as you said 3 trillion in a market cap, the stock has been killing one year, three year, five years, ten years outperform the market. if you put $5000 into the ipo in 86 it would be worth $20 billion. jack: a funny thing about microsoft even if you were just an index microsoft would be 7% of your portfolio 7% of the s&p 500. let's look back at history back in 1999 microsoft was flying high but it took more than a decade before you made your money back, could we be worried about history repeating itself. >> there was a dark period from 1999 to 2016 the stock went nowhere essentially it underperformed and some people say this is another time where the stock is really up will history repeat itself, there are key differences. number one the stock had about 65 it is only 32 today, that's pretty rich but not 65. number two bill gates was the ceo and he st

the ceo of openai, sam altman, also spoke. he argued for the use of artificial intelligence to make life easier and more efficient. >> ai will be a new way to use the internet. i'll be a new way to do work more productive ai will be a new way to discover science, a new way to get better health care. >> a national poll published by common sense media found a majority of people ages 12 to 17 stress the need for mental health resources through the us education system. >> okay, it is about time we move on to those super bowl bound 40 niners. they won the sunday thriller and now turn to face the defending champion in kansas city chiefs. the same team that beat them four years ago. and since the game will be in las vegas two sundays from now, you know it will be a party. >> it will, but the price of the party is the big talker. depending on where you look, tickets for the game are selling for their highest price ever. >> abc seven news reporter j.r stone is tracking these premium prices and talked with one lucky fan, saving some big

the ceo of openai, sam altman, also spoke.for the use of artificial intelligence to make life easier and more efficient. >> ai will be a new way to use the internet. i'll be a new way to do work more productive ai will be a new way to discover science, a new way to get better health care. >> a national poll published by common sense media found a majority of people ages 12 to 17 stress the need for mental health resources through the us education system. >> okay, it is about time we move on to those super bowl bound 40 niners. they won the sunday thriller and now turn to face the defending champion in kansas city chiefs. the same team that beat them four years ago. and since the game will be in las vegas two sundays from now, you know it will be a party. >> it will, but the price of the party is the big talker. depending on where you look, tickets for the game are selling for their highest price ever. >> abc seven news reporter j.r stone is tracking these premium prices and talked with one lucky fan, saving some big bucks. hey

sam altman from open ai and other saying they want a piece of that pie, you will have world leaders, to hear from, have world leaders, the world wants to hearfrom, the argentinian president, volodymiyr zelensky will be here, trying to rail against fears of ukraine fatigue and garner support for his nation in theirfight against garner support for his nation in their fight against russia. a lot going on in economics and politics here at the world economic forum in davos. entity to keep faisal— economic forum in davos. entity to keep faisal as _ economic forum in davos. entity to keep faisal as lamb _ economic forum in davos. entity to keep faisal as lamb busy. - one talking point in davos is the boost to the global economy if people have the right skills for the jobs of the future. retraining and equipped workers with the right skills could boost the global economy to the tune of $8. 3 trillion by 2030, according to the world economic forum. so how does it come up with that figure? with increasing adoption of emerging technologies, including artificial intelligence and automation, ther

. >> he's up in new hampshire being backed by very wealthy people, including elon musk and sam altman. he has gotten a lot of money this week from bill alaskaman. i'm not sure what he's doing up there. i don't understand why a congressman, when there's so many amazing possible candidates in the democratic party, is doing this. it's only for recognition and to pal around with his rich friends. >> supposedly he's also saying there ought to be a choice. >> his ice cream is fantastic. >> i learn so much from you. thank you all for being here. thank you for spending part of your day with us. we'll see you right back here next week. >>> hello from london. i'm califhristiane amanpour. welcome to the "amanpour hour." up first this week, california's first partner talks gender equality in davos and how surviving trauma shaped her mission. >> we won't achieve gender parody unless we address this culture where women and girls are victims of both physical and sexual abuse in their lifetime. >>> also ahead, would the rest of the world makes of donald trump's landslide in iowa. >> they look ed a at

. >> he's up in new hampshire being backed by very wealthy people, including elon musk and sam altman gotten a lot of money this week from bill alaskaman. i'm not sure what he's doing up there. i don't understand why a congressman, when there's so many amazing possible candidates in the democratic party, is doing this. it's only for recognition and to pal around with his rich friends. >> supposedly he's also saying there ought to be a choice. >> his ice cream is fantastic. >> i learn so much from you. thank you all for being here. thank you for spending part of your day with us. we'll see you right back here next week.

. >> and frank, sam altman had been in talks with "the new york times" before the news of the lawsuit >>> thank you. coming up on "worldwide exchange," we have the details next on the bullish call for spotify. >>> and seriusxm podcasts are being moved from the plot farm. it will provide content for subscribers and early access to new episodes. >>> you will get your chance to mix coffee and olive oil. coffee launched drinks in the stores today. the first debuted in february in italy and met with a negligence to negative review. i don't know. >>> the old taylor can come back to the phone. c fa fakes. stay with us. more "wex" coming up. ness. we need to scale with customer demand... in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and greater agility. (marquis) with a custom private 5g network. our customers get what they want, when they want it. (jen) now we're even smarter and ready for what's next. (vo) achieve enterprise intelligence. it's your vision, it's your verizon. icy hot. i

. >> sam altman talks about them being an incompetent helper. >> before chatgpt, yi was using a.i.ns of finance people come back a day later. i solved that with traditional a.i. it is transformative, but you have to actually change. if the biggest problem was not the technology when we did that, but my leaders were not using it they called the person to bring the slide to do it >> julie, you do a huge amount of recruiting on college campuses have you changed any of your recruiting policies based on the anti-semitic backlash with the elite college campuses >> we have not -- we are not looking at whether people have said something we do background checks. we have not made specific changes to say we will not go look at it that is not how we have played we are more focused in the first case do we have people who share our values and people who learn and how we think about technology? for example, the number one question we ask all recruits is what have you learned in the last six months other than in school >> are the ivy leagues the left place to ecruit? >> we do broader recruiting. r

meanwhile, sticking on the theme of ai, sam altman is visiting leaders in south korea's semiconductor industry. altman has arrived in seoul last night and is touring samsung fabrication plants today. he is also scheduled to meet the rival of -- to meet rival sk h ynix. ed: job cuts keep coming intact, this time at salesforce, which is laying off 700 workers. this is bloomberg technology. ♪ caroline: in another effort to cut costs, salesforce is the latest tech company resorting to layoffs. brody, salesforce was already numbering staff. this time, it is a smaller percentage, but 700 is nothing to be sniffed at. brody: it is tempting to say that a year ago there was 7000 people cut and now it is 700, so we don't care so much. still, what it shows to us is that the tech industry is still focused on cutting costs, and this may become a more regular part of the year, right? we are going back to 1950. we saw this with microsoft, amazon, google. company's that made bid cuts last year and are doing well financially still see it in their interest to trim a couple percentage points periodically

peter teal from paypal and ai developer sam altman are also preparing for the worst. situation, or do they know something we don't? or are they worried we are going to go grab the pitchforks and storm the castle? >> the rich are about to get a taste of their own medicine, and they created all of this mess going on with the economy. they think they can buy their way out of everything. good luck hiding from the angry mass of people that's about to explode. >> jesse: hollywood is making a fortune off apocalypse movies. even the obama's got in on the action with their race baiting flick, "leave the world behind." a power grid hack unravel society. it's a mess. i think they have a compound at the vineyard. 40% of young americans are already investing in their doomsday prep. they are panic buying. doomsday bunkers, and contractors are just raking it . >> we can never predict or control what will happen in the world. underground living spaces that are highly secure and completely discrete, designed and constructed to withstand ballistic, environmental, and civil threats. thi

>> reporter: as we speak, speaker mike johnson and openai sam altman are meeting together. has been a constant presence on capitol hill,and he told me today right before the meeting, i just caught up with him for a minute. he said he's here to answer some questions that johnson and other lawmakers might have. the big topic is election s inte integrity. the elections are coming, and there has been a lot of concerns for lawmakers as far as what role ai might play in spreading misinformation or disinformation. i asked if there was any specific bill he was hoping that congress would pass? he said he didn't have one in mind. he and johnson have a relationship that goes back a bit. remember when altman was here last may. he met with lawmakers at a din they are johnson hosted in his capacity as vice chair for the republican conference. so johnson's bid on ai has been something that is a priority for him. you haven't seen too much in his speakership because there's so much else to get done. for those i talked to, those close to the speaker say he's planning to do more on ai. and th

rishaad: we heard from sam altman who says he does not think ai will replace jobs. >> does is a lot ateve america will be fine. no one wants to hear it rent about politics. but, i think there's been a real failure. >> anger. inequality, is there the danger? >> you start building technology. it's not, you get to steer it. this is what is capable of. this is been much more of a toll it is not just replacing jobs. it's an incredible tool. they just could not do the things at all, that is quite exciting. very thankful and jobs will change the way society works is so strong. agi look at developed. it will change the world less. that would not have compiled as a sentence. >> have you changed your views of how significant it will be? >> i can never code again without the tool. it turns out, and this will be true that the world needs a lot more code than we have people to write. it's not like we run out of demand. expectations go up and ability goes up. >> hong kong stocks off 14 month lows. thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ah

we saw that with sbf and sam altman before thanksgiving. privately held startups are having to grow up in real time because a lot of them to your point have been rubber stamping anything in front of them, and that is not working anymore. >> sayrah kuntz, great to see yu as always. >>> coming up on "worldwide exchange," the one word every investor needs to know today, plus why our next guest says it may be a bumpy road ahead. we're going to be right back here with w.e.x. stay with us. awkward question... is there going to be anything... leftover? oh, absolutely. [inner monologue] my kids don't know what they want. you know who knows what she wants? me! i want a massage, in amalfi, from someone named... giancarlo! and i didn't live in that shoebox for years not just... with empower, we get all of our financial questions answered. so you don't have to worry. i guess i'll get the caviar... just kidding. join 18 million americans and take control of your financial future with the real-time dashboard and real-live conversations. empower what's ne

. >> sam altman arguably the face of intelligence expressing concerns about the technology that has the power to impact the economy, politic and of course now pop culture. platforms like x are taking action after an explicit ai generated images of taylor swift spread across social media. they were viewed tens of millions of times before they were removed. x writing "we have a zero tolerance policy toward such content, our teams are actively removing all identified images and taking appropriate actions against the accounts responsible for them. the biden administration calls the circulation of these images alarming. >> and it is not just that, it is politics too. remember? new hampshire voters targeted that deep fake technology ahead of the state's primary, people got a fake robocall claiming to be from president biden telling them not to votes. >> it is important that you save your vote for the november election. voting this tuesday only enables the republicans in their quest to elect donald trump again. >> that actually wasn't the president an authorities in new hampshire are investiga

and sam altman says the company does not need to train on the publication's content.as surprised by the publications legal move, and he said the san francisco company was in talk with the times. >>> and then suspects set to face a judge. >>> commercial crab season open in the bay area, and we're back in just three minutes. keep it right here. you're watching "today in the bay." (vo) if you overdraw your account, wells fargo gives you an extra day grace period to avoid the overdraft fee. what if everything came with a grace period? like accidentally parking where you shouldn't... (driver 1) hey what about this one? (driver 2) nah.. that one gets an extra day (driver 1) somebody got lucky (vo) like having an extra day grace period? when it comes to overdrafts, you can with wells fargo. ♪3, 4♪ ♪ ♪hey♪ ♪ ♪are you ready for me♪ ♪are you ready♪ ♪are you ready♪ in order for small businesses to thrive, they need to be smart, efficient, savvy. making the most of every opportunity. that's why comcast business is introducing the small business bonus. for a limited time you can g

. >>> meantime sam altman is opening up about being fired from openai last year. he said the night he was pushed out by the board was, quote, wild, adding that he felt, quote, super confused and was super caught off guard the openai founder and ceo says it wasn't until some board members called him the following day that he even weighed the idea of returning to the company. >>> speaking of ai, amazon is looking to further tap into the red-hot technology to help its customers. the company is rolling out a generative ai tool that can answer shoppers' questions about a product. the feature in amazon's mobile app prompts users to ask questions about a specific item before giving an answer based off of information collected from product reviews and the listing itself because why should you have to read through those reviews yourself, frank? it should do it for you. >> you know, we had another company that had its own ai shopping tool. i'll be curious to see if this catches on i think i want to look through and read the things myself but we'll have to wait and see. >> i

altman and others, the european commission said on tuesday that it is examining whether microsoft'st should be vetted under merger rules. even a potential unwinding, it is found to it -- if it is found to hamper fair competition. the matchmaker match, a company that is the parent company of many dating apps, tinder, hinge, elliotts investment management has built up a stick of $1 billion in the company. graham points us to discuss, what they are concerned about, why are they building up? why do they want to be pushing for change on match? >> over the last four quarters, a match which owns a tender, the largest dating app in the world has seen a consistent decline in paid subscribers. even though it is increasing average revenue per user, investors are concerned about that number. there has been pressure on the company to increase the subscriber number and they have rolled out new plans as well as offerings to get new subscribers and paid users. . that is likely the goal for the year. something i want to make clear is that there are no cell ratings on match or even close competitor b

you had the dramatic fire -- firing of sam altman. then he was rehired.ed him, period, and then you had this new board that formed that shook things up. so you had the u.k. starting their official review, and now the e.u. is considering it. one more thing to add, the e.u. commissioner, marching recent messenger, she's going to silicon valley this week to meet with some of these big tech company including openai. stuart: okay. they're coming over here to see how we do it. [laughter] lauren: yeah. and take back what they learn, perhaps. stuart: those europeans, i tell you. qualcomm just beat out ibm for the number two spot on the u.s. patent list. why is that important? if. lauren: qualcomm was granted the second most patents last year, over 3800, so an increase of almost 58%. and it's the first time in three decades that irk bm -- ibm, another american company, was actually surpassed. all in the u.s. was granted far more patents than any other country. samsung, however, is still first. qualcomm in second place. tsmc, then ibm, and apple is in seventh. i di

bloomberg reporting in the haas couple of ores that openai's sam altman is looking to raise billions of dollars to build out a network of a.i. chip factories. we've got at lot of a.i. chip makers on the list, and the nasdaq is powering higher at the moment by 236 points. so an equity market rally like this usually doesn't happen on a day, let alone two days in a row, when treasury yields are rising. but here you are. you have the 10-year adding on to ed yesterday's gain, right now at 4.15%. let me just tell you that it closed yesterday at 4.029%. okay? perspective, so important here. but let's get right to the floor show because this is one interesting trading session. we're joined by saratoga investments' ceo chris oberbeck who says the market can perform quite nicely even9 if the fed doesn't cut from here, and trader keith fitz-gerald is scooping up two names you may think are overvalued, but he says they are not. chris, i will start with you. you just heard mary daly tell fox business' edward lawrence and charles payne, don't get too excited or too overeager about a rate cut. it's

he wants to challenge sam altman at openai, and the paper says musk is targeting cyber wealth funds inamily offices in hong kong for the funding. if this company gets it, xai could have a valuation of $20 billion. sounds like a big number, but it pales in comparison to openai. stuart: that's right, it does. thanks, lauren. >>> all right, coming up, when the president makes a gaffe, slurs his words or looks lost and confused, his message doesn't get through. it's not so much what he says as how he say9 it -- says its that is unsettling. >>> there's a new trend on tiktok, and it's called loud budgeting. roll tape. >> it's not i don't have enough, it's the i don't want to spend. so 2024's all about loud budgeting, okay? put that dollar in your pocket, choose a stock that's going to rocket. stuart: you know, i'm getting real old. jeff flock's going to explain this loud budgeting, and jeff is next. ♪ i'm on a low budget, i'm on a low budget ♪ known as a loving parent. known for lessons that matter. known for lessons that matter. known for being a free spirit. no one wants to be known for ca

from one area of snow to another, sam altman of openai and anna mcandrew, the vp of global affairs arewith bloomberg's brad stone from the bloomberg house. take a listen. >> a critical issue voters have to consider in this election question mark -- election? i did not quite get that. sam: it never occurred to us what trump is saying may be resonating with a lot of people. after iowa, -- that's a very davos centric view. i would love if we had a lot more inflection and started sooner about -- did not feel confronted but i think is allotted stated this election. elections are huge deals. i believe america will be fine no matter what happens in this election. i believe ai will be fine no matter what happens in this. election we will have to work hard to make it so. no one wants to hear me rant about politics after this. i think there has been a real failure to learn lessons about what is working for the citizens of america and what is not. brad: i want to ask you the same question. what is at stake in the u.s. election? anna: what is remarkable is the conversation around ai has remained v

the ceo of openai, sam altman, also spoke yesterday.use of artificial intelligence to make life easier and more efficient. >> a.i. will be a new way to use the internet. i'll be a new way to do work more productively. ai will be a new way to discover science. a new way to get better health care. >> a national poll published by common sense media found a majority of people ages 12 to 17 stressed the need for mental health resources through the us education system. two east bay lawmakers are pushing for legislation to beef up online protection for california's kids . berkeley state senator nancy skinner and oakland assembly member buffy wicks say their bills would limit the harms associated with social media addiction and provide more roata privacy. attorney general rob bonta calls the bills landmark pieces of legislation on social media companies unfortunately show us time and time again that they're all too willing to ignore the detriment to our children. >> the pain to our children, the mental health and physical health challenges that