maria: welcome back. good wednesday morning, everybody. thanks so much for joining us this morning. i'm maria bartiromo. it is wednesday, january 22nd, 7:00 a.m. on the button on the east coast. we're coming to you live from the world economic forum here in davos, switzerland and we kick it off this hour with the hot topic of the hour. president trump announcing a major a.i. investment in the united states yesterday, key technology leaders pledging half a trillion dollars to create artificial intelligence infrastructure. cheryl casone with more on these star gate project right now. >> these stocks are now moving in the premarket. president trump is joining forces with three of the biggest names in technology, it's called star gate. they're going to build data

centers that power a.i., build it here in the u.s., oracle, soft bank, pledging $100 billion up front. president trump was joined at the white house by open a.i. ceo sam altman, soft bank's ceo and oracle's ceo larry ellison for the big announcement. >> they're announcing the formation of star gate, a new american company that will invest $500 billion at least in a.i. infrastructure in the united states and very quickly, moving very rapidly, creating over 100,000 american jobs almost immediately. >> trump explaining how the project's going to make the united states even more competitive on a global stage. >> it will ensure the future of technology. what we want to do is we want to keep it in this country. china is a competitor and others

are competitors. we want it to be in this country and we're making it available. i'm going to help a lot through emergency d declarations because we have an emergency. we have to get this stuff built. >> ellison said this type of investment will lead to vaccines, early detection of things like covid that will prevent another pandemic if it were to come along, altman praising the president for his commitment to american technology. >> i'm thrilled we get to do this in the united states of america. i think this will be the most important project of this era and for it to get built here to create hundreds of thousands of jobs, to create a new industry, centered here. we wouldn't be able to do this withouu, mr. president. >> other investors are expected to join the project. the first data center will be built under the initiative in texas, eventually the entire initiative expands to other

states. i'm sure there's going to be talk about places like arizona, maybe even new mexico. the other thing, i want to pick up on something that president trump said in the first sound bite i played for you, he's talking about china. look, the biggest concern when a.i. became the story for the markets was that chinese were going to get ahead of us and president biden seemed to be not dealing with china at all, you know, the tariffs weren't enforced obviously, the promises for the trade agreement with china wasn't enforced but they're so intent on fueling u.s. technology. president trump is saying we've got to do this now. maria: it's a lot more than two years, chinese communist party has been stealing intellectual property for decades costing hundreds of millions of dollars to american companies. president trump knows that. that's why he is looking at all of the bad behavior and trying to come up with corrective measures when it comes to

communist china. he's also wanting to ensure that there's reciprocal trade. i know there's a lot of commentary about tariffs but he's using tariffs as leverage to get these countries to do what he wants including stopping the flow of fentanyl into america. >> yeah. yeah. the world can no longer just walk all over us as mr. trump has pointed out has been the case for so long. in fact, quite the contrary. and one of the things i really like about this transaction, this deal if you want that's being put together is think about it. chatgpt owned by microsoft, i should say open a.i., which owns chatgpt, which is together owned by microsoft, an american company, coming together with oracle, an american company, and then soft bank, the largest private investment firm in japan and where are they coming? to the united states. and these the message to the -- that's the message to the world. the united states not only is open for business but we're the biggest, we're the best and you want in, you want to be here so

soft bank, yeah, come grow with us right here. we're going to deal with a.i., we're going to lead the world. it's just such a great message and he's doing it in the first week. it's going to be a wonderful four years, maria. this is why i'm fully invested in the american ingenuity fund. we have all our capital to work in great american companies for reasons like this. maria: yeah. you were there with your american ingenuity fund way before all of this but i mentioned this earlier, i spent time with the president over the weekend at the inauguration and masa was there, the head of soft bank from japan and it was funny to watch president trump in action. it started off that masa was going to invest $100 billion but president trump kept prodding him and then it was $200 billion. by the time he walked out of the dinner we were at, we joked it would be $500 billion and here we go as he brought in the other two companies and it is $500 billion. half a trillion dollars into america. that's a deal maker for you.

three days into trump's second term the founder and editor in chief of politico writes this piece. time to admit it, trump is a great president, he is still trying to be a good one. writes this in part, trump is someone with an ability to perceive opportunities that most politicians do not and forge powerful, sustained connections with large swaths of people in ways that no contemporary can match. in other words, he is a force of history. this is important to note because politico has been so critical of president trump over the years, cheryl. >> absolutely, they have been. but you know, i think everyone watching that inauguration, maria, on monday and seeing jeff bezos and mark zuckerberg and tim cook, standing behind president trump on the same stage where the former presidents were on the other side of this and you've got the republican governors in the spillover room. it was fascinating to seem it

see.it was a clear message frome trump deem this was a new dawn and business as usual in washington is dead and it's amazing you can see donald trump in the first 48 hours showing he learned mistakes that were made in the first term and he's not going to make those same mistakes in term two. maria: all right. we're just getting started this hour. we'll slip in a short break and then deal making and growth takes center stage in the world economic forum. we are talking about it with the vice chairman of client and banking at citi, leon c calveris here to break it down, stay with us live at the world economic forum in davos. ♪

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deals and growth dominating the conversation at davos this week after president trump's return to the white house and all of his new policies coming up. 51 ipos -- five ipos, pardon me, priced in the united states so far this year, 150% increase compared to the same time last year. let's take a look at the numbers, in total there were 150 ipos price inned the u.s. last year and nearly 13,000 american involved m&a transactions. joining me now live here at the world economic forum in switzerland is citi's vice chairman of client and banking, leon calveri. nice to see you. we've been talking about this optimism that is here. do you find that as well? >> i think the optimism is pretty profound. you know, what a difference a few months makes. i think from the standpoint of corporate executives, they are looking at this environment and i think they feel like the regulatory burdens are going to be mitigated. they feel like there's an environment for them to invest. and i think importantly even

though we're actually in davos, people are looking at the u.s. as a home for capital investments. they want exposure here. maria: that number, half a trillion dollars from the three tech executives with president trump into a.i. and data centers says it all. >> it's absolutely stunning and obviously between masa, sam altman and oracle, that's a very significant number and i think you'll see more and more of it and from an m&a standpoint people are looking to see what are the place this can allocate capital inside of the u.s., they want to get exposure to the u.s.'s economy, the u.s. currency, and the u.s. investment environment. maria: what does that mean for your business? tell us what you believe happens in terms of m&a, investment banking overall in the year ahead. >> look, i always want to be a little cautious because frankly when you have an environment that looks this good there's always the potential for something hiding around the corner that you never thought of. leaving that to the side, i think this is going to be a very good year from an m&a standpoint, from the capital

markets side. it looks to be excellent here and if that outlook continues on, this could be for a few years and i think it's an environment that we probably haven't seen in a long period of time. maria: and everybody's talking about the banks. i mean, it's like the banks are going to be the big beneficiary of this deregulation that we're talking about and so tell me about that and what this means for your business. you're just coming off of another great quarter and you've put targets in place for expense control as well. how do you balance both cutting expense, meeting those targets while also growing the business? >> well, i'm not going to comment on our investment and our targets but i will say from our standpoint the objective at least from my view and the view of the bankers is growth. there is so much going to happen potentially in the marketplace and we want to ensure that we get our fair share of that. so in this environment we'll continue to selectively add people where it makes sense but we will also focus very much here on ensuring that we can get

a very strong market share whether it's m&a, equity, fixed income, et cetera, this should be a good environment especially for a bank that is as global as we are because this is going to be a global play. maria: what are the other areas of the world that will sort of keep up with the u.s.'s acceleration? i'm hearing lots of cautiousness around europe. >> well, being around -- there's obviously a lot of cautiousness around europe. there's the resolution of the awful war in ukraine that hangs over here but i think in terms of the investment outlook all of a sudden you're getting people that turned their heads west depending where they're looking from and looking at the u.s. and saying how do we emulate this, how do we look at lesser regulation, how do we look at an environment that is more business friendly potentially and i think we will be in the u.s. the beacon for that. maria: are there sectors that you believe will be leading that growth in terms of m&a and deals, ipos, et cetera?

>> i think we've obviously the last year was healthcare, technology, 60% of the market but that said it was consumer, real estate, energy, so i think it's going to be pretty broad-based but with an emphasis on the growth industries. obviously we talked about a.i. and i think one of the other characteristics is the capital that's gone into these companies here from a private standpoint is profound. i don't think there's ever been a private company that has been privately valued at the levels of open a.i. and spacex, this is highly unusual. maria: president trump said he wants to make sure that we go to mars on his watch. so space is also becoming quite interesting as well. you're expecting a more business friendly anti-trust backdrop as well. >> well, i think that should be the case. obviously, the last few years have been fraught with peril because people have not been able to understand the anti-trust environment given some of the novel explanations that have occurred around transaction sos we do expect a more benign environment. obviously the government will continue to enforce its policies

in terms of protecting consumers and doing the basic issues that are critical but there's no doubt that people are looking at this and saying the predictability of the environment should be better and i think that's the key word. can you predict based on the laws whether transactions work or not as opposed to being hit with the unpredictable. maria: especially with the changes in terms of leadership at the federal trade commission, at the department of justice. what about your regulatory outlook in that regard? >> i think, again, i'm not going to comment on the bank's regular la tore roy outlook but i think from the standpoint of business, everyone believes you will get a more benign environment, recognizing obviously there's still important bases of the law in the united states, consumer protection is still important, making sure that things are done in a basis that have got environmental issues, those will stay there but you will have an environment where people are looking, how shall we put it, with a can do attitude as opposed to how do we prevent it attitude. maria: are there other countries out there that you

believe are as poised to get that kind of investment the way that the united states is? you say people are looking west. where else are they looking if not just america? >> well, i think people continue to look at europe because there's certainly great potential, attractive investments in europe that are cheap. so people are looking in europe. people are looking in the united kingdom. there's no doubt that that's an environment. i think in terms of asia, people are more cautious in some marketplaces but japan has obviously been robust. i think we're going to see a lot of outbound investment from japan. obviously masa evidenced that the other day but i think there will be more of that coming out of japan so that market i think will continue to grow very, very strongly and there will be other pockets. australia has strength in natural resources and minerals and i think those will be the areas that i think will be enough for the moment. maria: what do you want to say about rates? there was that spike at the end of last year, taking the 10 year all the way up to 4.8, 4.9%. we were talking about 5% for a

second. we're back down to 4.5% on the 110 year, has that had an impact on business? >> it hasn't changed anything. the issue is what kind of rate cuts w can we expect this year. some say the rates will go up. we need to see over the next few months what happens with inflation, what happens on the employment front right now. i think the most important aspect, maria, is from a standpoint of stability. so people are looking at rates. i mean, to be honest, from a long-term investment standpoint, the 10 year is 4 4, 7, 4, 5, its not the end of the world. as long as you can predict with stability you can invest. maria: maria: quick break and then markets are surging since trump's return to the oval office, the dow and s&p 500 closing at 2025 highs yesterday. new york stock exchange president lynn martin will be here weighing in with her three

trends to watch for the year. you're watching "mornings with maria" live on fox business. stay with us. ♪

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maria: welcome back. futures this morning indicating another rally at the start of trading this morning. take a look. the dow industrials right now up 160, a third of a percent, nasdaq up 188, almost 1%, and s&p 500 higher by 28. of course, stocks are green across the board so far this year as well. we've goat gains in the dow industrials up 3 and-a-half percent, s&p up almost 3% and nasdaq higher by better than 2%. joining me now is the president of the new york stock exchange, lynn martin. great to see you. >> thanks for having me. maria: i want to get your take on this real optimism underway and whether or not it continues but let's start with your market trends. you say you've got three trends that organizations should watch out for. >> ipos are going to reemerge in 2025. we're incredibly excited about our pipeline. we're excited about what we're seeing with the firms that are already on the road and if you look at the secondary market

performance of the ipos that occurred on the new york stock exchange last year, they're up 58% over their ipo prices. maria: wow. >> so that shows the market's open. maria: yeah, yeah. >> particularly with the trends that you just mentioned. maria: to what do you attribute the gain in the secondary space? >> good companies that came to market, companies that were ready to come to market, and demand. when i talked to the long only investor, they have demand for these new companies that are in our pipeline to come to market. maria: it's interesting you say these companies are ready. so what does a company need understand about being ready to actually take their company to the new york stock exchange and take it public? >> yeah, be able to clearly articulate your strategy and continue to deliver, show delivery on that strategy quarter after quarter. maria: okay. good analysis there. what are your expectations for m&a? that's another thing we've been talking about because of course with the changes in leadership at the ftc and the doj. >> i think it's going to be a strong year for m&a as well, particularly as you point out

the changes in the administration. it's a very business friendly environment that's being created in this new administration and i think that's the reason why there's so much optimism on the u.s. in particular. and a lot of reason for optimism on the global economy given the u.s.'s leading role in the global economy. maria: president trump has had an idea a minute. his latest idea is about investing in america into a.i. and data centers. the president announced a major investment yesterday, joining forces with oracle, soft bank and open a.i. on the star gate project, $500 billion, half a trillion dollars coming from these companies into the united states in the next four years to build a.i. data centers in the united states. the three company ceos committed $1,100,0$100 billion up front. a.i. a topic at the world economic forum. how does that play into your thinking for the year. >> a.i. is going to continue to be a trend this year. when we think about a.i., we

don't just think about it for the sake of a.i. we think about the data that goes into the models. we're very focused on having the golden source, the one source of truth go into the models because you could have tremendously positive outcomes if you have good data in the models. maria: what do you want to see in terms of policy from this administration, from the trump administration? >> you know, continued focus on allowing business to grow. really that growth agenda that president trump seems to be promoting in his early days of office. and even prior to him taking office, when he came to visit with us, when he rang the bell in december and brought nine members of his administration to the new york stock exchange, to us that's a symbol that he is very pro-business and wants to promote that growth agenda. maria: yeah. and he's a deal maker so he's coming up with all these deal ideas. you're participating in a panel here tomorrow called markets dealing with divergence. what does that mean? tell us about it. >> yeah, i mean, it's not going

to be a smooth path. there's going to continue to be twists and turns. it's not -- growth is not a linear path. so that's pretty much what we're going to be talking about. what to do when volatility sets in, what to do when the unexpected sets in and how to continue to promote that growth mindset despite any sort of unforeseen circumstances. maria: what's the answer? >> be nimble. be nimble. be resilient. be ready to pivot. if you're a company that views disruption as an opportunity, this is a tremendous time for you to be in business. maria: do you expect the nyse to see more scale in terms of acquisitions yourself? i mean, there are exchanges out there with different products that maybe the nyse looks at. what about consolidation there? >> our parent company, we have done a tremendous amount of acquisitions. that is part of our playbook but

we have a very deliberate return on investment that we feel the obligation to uphold to our shareholders so we always do the build versus buy analysis and sometimes it's easier to buy, to get to market quickly, to maintain that nimble entrepreneurial mindset that i.c.e. is known for. maria: what are the traders saying on the floor right now and the upstairs desk in terms of what they're hearing from clients. >> they're hearing a lot of optimism. they're hearing continued growth, continued growth in the u.s. markets. they're hearing that this is going to be a great time for american businesses. but also global businesses. there are going to be deals done with other nations, so a time to be very optimistic. maria: you've got to be feeling great about that, sitting at -- you're really the nucleus of american business at the new york stock exchange in new york. >> well, we're only as good as our community and we have the greatest community of ceos and eentrepreneurs.

maria: we'll leave it there. great to see you. thank you so much. quick break and then president trump reshapes a.i. just days into his new term announcing $500 billion investment into america. service now's chairman and ceo bill mcdermott is here to tell us how it will impact the industry and his company. you're watching "mornings with maria" live on fox business from the world economic forum here in davos. back in a moment. ♪

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♪ chocolate fundraiser. with the chase mobile app, things move a little more smoothly. ♪ deposit checks easily and send money quickly. ♪ that's convenience from chase. maria: welcome back. president trump announcing a major a.i. investment in the united states, technology titans

pledging half a trillion dollars to invest in america to create artificial intelligence infrastructure. here's the president yesterday. >> together these world leading technology giants are announcing the formation of stargate, a new american company that will invest $500 billion at least in a.i. infrastructure in the united states and move at very -- moving very quickly, rapidly, creacreating over 100,000 amerin jobs almost immediately. maria: trump joined by sam altman, masayoshi son and sam ellison. >> i'm thrilled we get to do this in the united states of america. i think this will be the most important project of this era to create hundreds of thousands of jobs, to create a new industry centered here. we wouldn't be able to do this

without you, mr. president. maria: joining me now is the chairman and ceo of service now, bill mcdermott. great to see you. you've already led your business incredibly since you walked in the door, we're seeing incredible growth. congratulations to you for what you've done at service now but how does something like, $500 billion in the infrastructure around a.i. impact software and your company? >> well, i think it speaks to the president's agenda for growth. growth is on the agenda again. a.i. is the fastest growing industry in the his of mankind. it's a $20 trillion industry in terms of its impact on world gdp between now and 2030 so it fortifies everyone's position, get behind the agenda, get behind growth, and let's go. and service now for our part is an a.i.-led company. i often say we are the a.i. control tower for business transformation.

and think about the 2007 moment with the iphone. we are essentially the iphone of the enterprise where we take that mass complexity that exists today, 50 years of chaos, and we put this beautiful layer of simplicity, a clean pane of glass over it driven by a.i. to make everything simple again, that is what is going to generate enormous benefits for the public sector and the private sector alike. maria: and you've launched different areas in the business to actually accelerate that growth like assist and pro plus. tell me about that. >> 100%. we've been in the agentic a.i. business since i arrived at service now. we started building large language models with jensen huang of nvidia. this is in our platform already. we have it in locations around the world. others are talking about chat bots. we did that six years ago.

we have the ability for the system to reason with data, make decisions with data just as a human being would and this is really important especially in government. if you think about freezing head count, moving people back into the office today, they have to swivel chair between 17 different applications on average a day, stealing a third of their productivity. it's totally unacceptable. with service now, the game changes immediately. with agentic a.i.,even if you have less head count you can do more work. the productivity goes up, the return on investment goes up and the people are much happier because there's no artificial intelligence without human intelligence. a.i. is in service to people. that's how we look at this. maria: that's a great way to put it. tell me what you're expecting or what you're seeing already from i.t. budgets. i know you're probably meeting with lots of customers in davos to find out if they're going to up their orders. i.t. budgets in your view this year? >> if you look at soft wire as a

category it's generally the fastest growing segment of i.t. and idc estimates it will be up 14.3% this year. they estimate that a.i. investments will be up nearly 50% on a year over year basis so this is clearly where the money is going and it's going to go to the platforms that matter. it will be the hyper scalers, service now and maybe one or two others but we're real any the forefront of this great innovation, this great a.i. movement and we couldn't be more excited so our business is really exciting. every ceo here wants to meet with service now. because every ceo here is dealing with complexity. you know. and as i di da vinci once said,e ultimate form of complexity is sophistication. maria: there are certain data sets you want with a larger company. there are other data sets you want with a mid-size company, you want to keep your data together. how does that work and how do

these companies make that decision to choose service now? >> the bu city of service now is we are the a.i. control tower. not only do we have agentic a.i. but as others develop over time, they're not there yet, we will be the control tower for having those agents interoperate and collaborate with each other just as humans would. business gets done across functions. that's one aspect. the second aspect as you rightfully point out, maria, is data. there is huge data lakes he everywhere, the hyper scalers have them, snow flake has them, data bricks has them. the systems of record that have been in enterprises for more than half a century have them. we invented the world's greatest database. it's called rapid dp. it's an in memory database where everything goes a lot faster. we also invented something called integration hub which enables service now to integrate with all of those data sources so now -- and the automation of work and how it flows, we can

access any data source, put it into service now, or leave it where it is and make a zero copy of it to complete and execute an order where some flow of work that goes across various functions, it's the only company in the world that can do it. and that's why i think people are pretty excited because we work with and integrate and collaborate with everybody. that's how we design the system. maria: i want to ask you about everybody because you've got a lot of optimism about the united states right now. what about europe? i mean, look, when you were at sap before coming to service now, you saw the european sort of stall, the region was stalled and we still see those kinds of problems in the eurozone so do you see much of the business coming to the u.s. or do you also see optimism elsewhere in the world? >> well, i see optimism for what we're doing because the only way to get growth back on the agenda again is information technology.

so about 15% of the world's gdp right now is invested in technology. and that will actually increase not decrease and a.i. is the only way that europe and other regions of the world are going to grow. i was here in 2018 when the president had me as a guest with the other european ceos and we sat around a table and watched president trump really excite the audience and i think in some way we're actually getting the energy from washington right now because all the ceos, whether they're from europe, whether they're from asia or south america, are all talking about american growth and how they too can run efficiently and how they too can put a dream back on the agenda. you know, as robert kennedy said in 1968, some men see things as they are and say why, i dream things that never were and say why not. and i think that's what we're about right now, america's dreaming again, the world's starting to dream with america again and we're ready to win.

maria: isn't that interesting that you get different leadership, strong leadership, a deal maker in the white house and suddenly the sentiment changes complete. >> i 100% and it's everywhere around the world. maria: and it feels like now people are looking at america as the leadership in the world once again. >> no doubt about it and that's why i think the president and the administration have made some great decisions. with a.i., don't over-regulate. over-innovate. and take america's lead and extend it because this is an era of a.i. whereby we need to make it a great american accomplishment. we also need to make government run like a best run business. and it's totally possible to do it. you know, you look at government today. you've got about 2 and-a-half million people working the federal government, another 2 and-a-half million in military but you've got 20 million in state and local government. so having a unified vision which is the first time i've seen this where everybody is following the

leader, following the administration, following cooperation and working together, we have a chance to have a renaissance in american productivity, american excellence and exceptional elite level execution and we should not forfeit this moment. maria: that's what president trump is saying, golden age in america right now. what are the challenges or the things, risks that you're going to be watching in terms of this taking place, playing out this year? >> i think the biggest risk is living in a world where you think about year over year comparisons. we need to think exponentially. and think really big and not compare ourselves to what we did last year and prove it by some small percentage. that's table stakes. we need to now think about creating new markets, using tech in ways that it's never been used before to serve consumers, to inspire employees and to generate value for shareholders. we need to reinvent government. we need to do a lot of things

and now with platforms like service now, we have the baseline to do that and the will to do that and you know what, maria? we will, what we want and we want to win. maria: i love i and i love -- first time i've ever heard innovation is coming from government. that's what you just said and i just love it. >> and we need to let it rip. maria: let it rip. great to see you this morning. >> great to be with you as always. maria: always a pleasure. service now, ceo. more on the a.i. conversation. we'll talk with steve mcmillan. take a look at the applications to healthcare and curing and treating cancer, artificial intelligence, that's next. you're watching "mornings with maria" live on fox business from the world economic forum. we struggled to keep the lights on. i saw more for myself. and sofi gives members the financial tools to see more for themselves. join the official bank of the nba. sofi. get your money right.

the way i approach work post fatherhood, has really trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways.

maria: welcome back. cancer remains the second leading cause of death in the united states, concerning new data shows women are being diagnosed younger and more frequently. the american cancer society says six of the 10 most common cancers are increasing while predicting more than 2 million more diagnoses this year, more than 618,000 deaths. the fourth annual hologic global women's health index out today, showing a decline in testing rates for cancers but advances

in artificial intelligence could help turn it around. joining us now, steve mcmillan. thank you for being here. we're talking about the a.i. investment that president trump has been talking about, $500 billion invested in the united states for data centers and artificial intel jefns. how does that impact your business and the industry overall. >> it's obviously very early but i think it is incredible on multiple fronts. one is the a.i. front but the other is the symbolic approach of the government supporting industry again which i think is an incredibly important point and i think bill mcdermott was making that earlier but back on the a.i. front, a.i. i think can have such an incredible impact on healthcare. we've been doing it for a while with breast cancer detection, more recently we got our digital cytology approved. it's allowing radiologists to operate so much faster and read more images in less time with a higher degree of efficacy so for example we reduced false

positives by about 70%. maria: wow, 70%. >> yeah, in breast cancer. if you think about what happens today when somebody has a false positive, they're going to typically go in and have a biopsy or have additional scans done that are not needed if it was a false positive. so what you want to toys reduce false positives and increase the ability to detect cancers. the other part that we've seen is that for every 10 cases identified by a human eye, a human radiologist, we're finding 11 cancers in using the a.i. so that's one more case found for every 10 people. maria: that's unbelievable. >> you multiply that across the world, that's millions of additional cancers found early, early stage, when you can treat them best. as you with saying, as we're starting to see women getting cancer earlier, if you think about cancer in general, if you get it earlier in life, it's probably much more aggressive than if you get it later. so that ability to detect cancers earlier in younger women

especially younger people in general, it's so much more important to be able to, a, treat it quickly, reduce cost, and b, much better quality of life. maria: that's incredible. that's so important to get it early and to be able to use tech nothing to do this. how does the a.i. work specifically in identifying the cancer in breasts? >> if you think about it, in very simple terms our a.i. computer aided detection, what it does it is takes all the imaging and particularly since we invented the 3d mammography, one of the incredible benefits is, it gives you so much more imaging. the flip side, it creates a lot more images per scan, per mammogram. now have a whole bunch more images that the radiologist has to go through. using our a.i. detection, what the a.i. does is it screens through all of those images so if you think about it, think about a book, right. instead of having to go through every page of the book which the

radiologist had to do historically, now the computer goes through the books and it says look at page 72 in the upper left corner, look at page 132. so it streamlines the ability of the radiologist to just go focus in on the key areas and that, the time saving alone is enormous. maria: that is. what about your other business, diagnostics business, you made an acquisition. i want to get your take on whether or not the scale is going to continue. do you need to make more acquisitions? where are the potential opportunities there? >> yeah, we've been -- we've kind of grown both organically and through small acquisitions where we take new products and then build on them over time. our diagnostics business has quietly become a big growth driver for us through both our molecular diagnostics, you remember because you had us on. we responded to the world's need for covid. maria: that's right. >> i was on with you the morning that california shut down back in march of 2020. we pivoted.

you said the calvary was coming and that really catapulted our diagnostics business to a global scale as we went around the world and we've been building out our menu of options particularly a lot of stis and vaginosis is the latest innovation which is incrediblely strong. it's a common occurrence in women. it's been misdiagnosed for years and years because we didn't have the degree of precision or specificity and sensitivity as developed in our test. we also did an acquisition of a dis business, biopheronostics which can help women who had early stage breast cancer that may not need to stay on hormone therapy for a long time. so they can come off basically endocrine therapy over time if they don't have the different genes so we just keep getting more and more specific and precise in the ability to bring new products that can be really

enhance the quality of life for people and reduce the cost. maria: and you've solidified yourself as the leader in this. i mean, in terms of 3d mammography for example that's the standard now. >> it is. maria: and you were there first creating this. it's now you go to all hospitals, it would be a disappointment if they don't have 3d. >> you remember the early days when they were starting to adopt it and now we feel very good that it's virtuallyevly everywh. around the world it's become a more prominent vehicle for testing. maria: let me go back to breast health for a second and this idea that cancer is hitting younger and younger women. do you have any idea why that is? >> i don't, because i'm not a physician, i don't want to overstate myself but there are some questions around lifestyle issues, even thinks we may be consuming, there's some discussions about pregnancies being later in life and all kinds of different -- so the reality is, there's a lot of theories out there right now.

don't fully know. but i think that's where also candidly some of these investments in a.i. and the thing they announced yesterday in terms of stargate, i think there will be opportunities to better figure out because to me the magic of a.i. as it comes to healthcare is, there's still so much guesswork in healthcare. as far as we've come, we're actually in the early stages and the ability to process high level data, particularly as we keep having these innovations will probably help us and lead us to better understanding these kinds of things. maria: what do you want to say to investors real quick on the stock in they want to know when they're going to see further growth there, what are the plans? >> i think we just keep executing. we've delivered eps growth of over 10% for the last decade. we will continue to do that and continue to feel like we've got a great business, a great business of helping women's health. maria: and we so appreciate all your efforts. great to see you. thank you so much. steve mcmillan. stay with us. we'll be right back.

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