marc andreessen of andreessen horowitz, probably the most influential venture capital company on sand hill road, has unveiled a new gold art deco logo for his company to honor trump's call for a new golden age. andreessen used to be a strong supporter of democrats. it's one of many tech leaders to change their mind. i think it's really quite pretty. i do like art deco. yeah, but it's amazing to watch the switch in silicon valley and i think in many cases just best for them. right? i mean, they got billions invested in crypto companies, right? you know. yeah, it's just the ring. well yeah. that's what they've been saying. i wonder if one day you know, how they have the gilded age. yeah. the show one day. oh, wouldn't that be cool? oh, yeah. we'd have to wait for the next season forever. will we be around to watch? that's the question. i don't know about that. thanks, guy. you bet. 6.15 for you this morning. and new prince harry settling a lawsuit over a tabloid's coverage. the duke of essex reached an agreement with rupert murdoch's british newspaper group overnight. in that suit, he a

marc andreessen of andreessen horowitz, probably the most influential venture capitalist on sand hill road, has unveiled a new gold art deco logo to honor trump's call for a new golden age. andreessen used to be a strong supporter of democrats, is one of the many tech leaders to change their minds. i entire books are going to be written someday about the pivot from silicon valley tech leaders. you know, we've seen zuckerberg, but also behind the scenes, the big money men, money women, a lot of them pivoting as well. a lot of money. a lot of money. we saw shell out during the inauguration. yes, we did donate $1 million here and there. all right. cool. thanks, scott. you bet. well, new for you this morning, prince harry settling a lawsuit over a tabloid's coverage. the duke of sussex reached an agreement with rupert murdoch's british newspaper group overnight. in the suit, he alleged unlawful activities carried out by journalists and private investigators working for the newspapers, including tabloid paper the sun. the group issued a full apology to prince harry for intrusions into his

venture capitalist marc andreessen called it a.i .'s sputnik moment, and he may be right, end quote. but president trump seems to view the new competition as a potential positive. >> this is very unusual when you hear a deepseek, when you hear somebody, somebody come up with something. we always have the ideas. we're always first. so i would say that's a positive. that could be very much a positive development. so instead of spending billions and billions, you'll spend less and you'll come up with hopefully the same solution. >> my panel is back. has anyone actually tried deepseek? no. no. okay. i haven't either. i mean, i think there's a general wariness of entering your data into a chinese search engine to see what what it populates. that being said, the fact that that beijing was able to create this with far less money, less advanced chips. alex, what does it say about the export controls policy that the biden administration had been pursuing to try to keep a lot of this technology from being developed? >> well, you're going to see

we will have to check to make sure we are happy with your ai work, this is what caused, mark an andreessennd. >> this is what this executive order reads, slipped it in have, you know he strengthening, security requirements evaluating national security implications of ai models, the famous "from andreessen being in a meeting said from executive branch no, you should focus somewhere else we will handle a.i., you know. >> what -- invest in other things you know, instead of delivering food, and marc said what are you talking about everything is going to use ai, what are you thinking made non political guy political, demographic of all society. >> great to see adifferent joanie at jpmorgan health afternoons after what we saw unitedhealth. >> 25 we got to jump so sorry, great to see you jonathan bush. we'll be right back. . ... oh, it's cold outside. time to protect your vehicle from winter's wrath. of course, the hot sun can be tough on vehicles too. you need weathertech. laser measured floorliners and cargo liner will shield the carpeting from sand and snow. for your interior, there's seat pro

and i guarantee you if mark andreessen sees this as legit, he spent a lot of time with the president the president saw this, and i don't think he likes it at all. charles: so that gets us back to the stargate announcement. you hate to see the fight with elon musk and sam altman. i interviewed sam altman right here in the studio not long ago. it's sort of regret,. but should we be downplaying stargate at this moment? if. >> i don't -- i think it's still a great validation that in america we've got the money, we've got the talent we're going to be investing in this space, in a.i., in quantum. we're going to make sure that we are leaders in this space. but it was just, it was kind of a surprise because deepseek is based on an open source method, not a closed source method which all the big players like openai have followed to this point. so i think we're going to go back to our corners, we're going to do some scratching of the heads and figure out, hey, maybe we've missed something here. a maybe there's a better way of doing it, and we will come back faster and stronger overall. charles

you know, then you have the andreessens saying it is earth-shattering, monumental. and even nvidia put out what i thought was an odd statement. they didn't push back that much, arguing the chips harp used were okay, legit. not how many, but the chips themselves. >> yeah. charles: the does change your opinion though? because a week ago a it seemed like a slam dunk, day a centers, a.i., all of these things s. that still the same? >> it might be just a little bit different. i mean, if the costs go down, that's good for everyone, but i don't with see the fortune 500 stepping up and saying we're going can -- going to use deep fake -- sorry, that was freudia- [laughter] which crashed yesterday because of capacity. i think the enterprise names are till going to be going to the standards that a we've been talking about. and if it expands use cases, that's goings to to expand spending, and i think that could be powerful. charles: a week ago a, early last week, the big story was the stargate project. >> i know. charlie: you have all these big wigs, these billionaires, so the

and the reason being is because the bill ackman's of the world, the marc andreessen, who now is apparently a new hr director for the trump white house, the jeff bezos who is stripping the washington post for parts, the elon musk, who would prefer the united states resemble south africa than anything else. and then you have people like mark zuckerberg who is just trying to preserve facebook from 230 lawsuits, uh, antitrust lawsuits. et cetera. these people are there for their own self-interest. and what happens to the individuals who are affected in middle america? what happens to black folk and poor rural america? what happens to these people, hispanic voters who don't, who have the uncertainty of immigration laws coming in? and what happened to grocery prices? and so when you begin to look at what's affecting everyday common people, i can guarantee you that ackman's the andreessen's, the zuckerberg's, the bezos, the tiktok ceos, the musk, they don't have your best interest at heart. >> alyssa, how salient do you feel that can be as a political issue for voters going forward? >> well, i th

by ross douthat at the new york times, where andreessen goes chapter and verse, basically about how the democratic party, including the biden white house, basically chased the silicon valley bros into donald trump's waiting arms. they were not a faction of the republican party prior to the biden administration. now they are and that chase them into donald trump's arms by not kowtowing to their egos in sufficient ways. >> i mean, there's there's a lot of reporting that elon musk is essentially supporting donald trump because he feels like he didn't get the invitation he deserved to an electric electric vehicle summit in the biden white house in 2021. so the idea he was left, i'm not disputing he was. and i'm but i'm saying that's not how i don't think that is how policy decisions should be made in the united states. it should not be about appeasing a billionaire's ego. and that's and i'm not i'm not actually i'm not. >> there's also george soros just got a presidential medal. i mean, like both the democratic party has a billionaire issue, too. i think this talk about them being oliga

you've got you know, you had mentioned david sachs, peter thiel, these are your crypto guys, marc andreessenlacanis. they want less regulation on crypto and bitcoin because they can make money that way. then you have the social media people. mark zuckerberg was there. he wants less regulation on what he can do to get content because advertisers love that and data. so all of this is about access to power and less regulation. so they can make money usually. correct me if i'm wrong. the ceos generally speaking, stay away from what could optically appear as politics. so if i work at google, for example, or meta and i don't believe in president trump, am i going to take it out on my ceo or has that ship sailed? no. you know, there has been some protests from a lot of these companies, individually and collectively, when they feel their ceo is moving too far, let's say to the right, we've already seen some backlash at meta because of what mark zuckerberg has done. we've seen it at amazon in the past. we've seen it a lot at google. that company actually seems to encourage it and good for them. but i

elizabeth: mark a marc andreessen talking to joe rogan about how painful the last 10 years were with in senator roger marshall, it is an interesting set up to democrat senators performance at pete hegseth hearing, did schumer's game plan of attacking fall flat. >> i thought it did, they couldn't get anywhere on process of substance of pete hegseth and his policies they went after character assassination, america saw a person donald trump that has chosen, a modern day patriot, he was solid as a rock today much i think we saw the first glimpse of what trump's nominees will look like. elizabeth: thanks for joining us, we appreciate you taking time, you can tell us, what you expect from senate confirmation hearings, pam bondi coming up and kristi noem and also john ratcliffe, we'll we see more of democrats trying to get that gotcha viral moment. >> this is their political theater, their moment to get on legacy news. i think the 77 million people that voted for donald trump will like the people that president trump has set forth. these people are the calgary, this is mod modern day patrio

technically, its ability scored compliments from mark andreessen, jensen huang and sam altman who calledt and impressive i. stuart: much more on this coming up minutes from now. next case, politics. president trump is rooting out the deep state. he has paused all federal grants and loans and put several dozen senior officials at the u.s. international aid agency on administrative lead. jason chaffetz with me this morning. the media's going to call this, they are calling it, chaos and confusion. is trump weeding out the politicize ised bureaucracy? >> yeah. this is a lot of us that that believe we should go to a zero-based budget and justify each and every one of those. if you're going to have a deficit of a trillion dollars, you better darn well get the spending under control. so much of it, 90% roughly of our budget is imagined if story programmatic spending -- mandatory. that includes interest and also the defense department. but if you look at all the grants that are going out the door without people looking at them, it's billions upon billions of dollars. stuart: so pausing that thes

seeks really freaking out a lot of people investors, ai, researchers, chip companies, investor marc andreessen calls the new chinese ai a sputnik moment. somebody else called it chatgpt. she now is this overblown? possibly. nvidia is trading higher pre-market. there's another issue, though. deep seek is the number one app on the app store. lawmakers who would like to keep us away from chinese apps like tiktok now have a new problem, though tiktok is much more opaque than deep. seek deep seek is open source. you can look under the hood. speaking of investors in ai, linkedin founder turned investor reid hoffman led a multi-million dollar round of investment into researching drugs that will target cancer. they're going to start with breast cancer and prostate cancer. target the latest to say it's changing its policies over diversity, equity and inclusion, including reducing the number of products that are aimed toward certain groups and ending a program that buys black from black and minority owned businesses. look at the headquarters there in minneapolis, local pride group says target is uninvit

there's a new report out today that marc andreessen, one of the richest vcs in silicon valley, is doing's say these guys end up on the inner circle, the teals and andreessen's and musk's, i do think there will be a big opportunity for the democrats to say to once again reclaim the mantle of being anti-establishment, anti, anti, you know, billionaire class for the working class interests, because these guys just aren't flat out aren't. and the democrats i think struggled in this last election by by very much being the defenders of the status quo. and you don't have to not be you know, you can respect your institutions, but also talk about the need to reform and also kind of have a villain, if you will, or have an opposition that's saying, no, this is an entrenched interest that is that is corrupt, that is grifting for themselves and that doesn't care at all about you and i. this hypothetical democrats would would be able to say, i am fighting that. i'm fighting against these foreign elites, that that and these oligarchs and these tech billionaires that have taken over our government. i t

and then you have, you know, marc andreessen, david sacks, elon musk, they're all now in the room wherehappens. i'm curious, your view, because you did say at the same talk i referenced earlier, quote, the reason silicon valley has been so successful is because it's so effing far away from washington, dc. well, not so much anymore. and the cynics in the room might say, i mean, silicon valley doesn't want washington anywhere near it unless it can be directly helpful to it. how would you respond? >> i would agree with that cynicism, like my talk was about the startup world and, you know, early stage startups and the, the, the problems that regulation could cause in that formation stage. clearly big tech has arrived in washington, and that may actually be bad for startups, right? if they have, they may start to do the type of regulatory capture that has happened in finance and telecom and all these other industries, pharma in america. and so it could it actually could be bad for early stage startups, i think. i think it's good for a few things. it's obviously good for crypto. there had to

. >> can you talk to that, steph, because marc andreessen has been out there basically talking about his, you know, vocalizing his disgust at the left, how they demand you donate all your money, you know, at the end of your life, your money that you've worked so hard to, to amass that, that you know, you can't you have to you're being publicly shamed for wanting to be a capitalist, essentially. >> did you have you sensed in the last, let's call it ten years, that there was this bubbling insurrection coming from the tech world, from the business world, that the democrats didn't have their ear to the ground enough, i guess, to understand the resentment that was building that seems to have found a house in donald trump's maga world. >> i think it's more than just donald trump's maga world. >> i think you could talk to a lot of people in fortune 500 companies, people in c-suites, and definitely labor in the last four years got a lot more power, right? most, not most, most ceos that i speak to in the last four years sure as hell would like their employees to come back five days a week, ri

veteran investor, billionaire marc andreessen. he's a legendary tech investor, he said that deep seek is, quote, one of the most amazing and impressive breakthroughs that he has ever seen. now, the most stunning thing here isn't necessarily that china has developed a pretty good a.i. app. it's how cheap it is. deep seek says that their a.i. model only cost $5.6 million, though we don't know that. but if that's true, that is pretty stunning. anthropic. one of the leading a.i. companies, has said that it costs about 100 million to $1 billion to develop an a.i. model. we know that mark zuckerberg, the meta ceo, says that his company plans to spend $65 billion on a.i. so, look, this is all really questioning sort of the foundation here of the a.i. boom, which is that it requires a lot of spending, which is that the u.s. is running away with the a.i. arms race. and it's also questioning some of the big positives that have pushed markets to record highs. >> a lot of people have put a lot of money into a.i., and now they're wondering if

that's why marc andreessen, the billionaire venture capitalist, called it a sputnik moment. and sam altman, who is the leader of openai, which is the parent company of chatgpt. he posted a tweet suggesting that he is legit invigorated. it's it's legit invigorating to have a new competitor. and microsoft's ceo also posting on x, suggesting that having more players and making a.i. more efficient will ultimately be good for the technology. but how are these executives really feeling about this behind the scenes? >> so probably mixed. >> i would agree. >> that for some, for a company like microsoft and even nvidia, this. >> is technically a. >> good thing because. >> the cheaper a.i. gets to build, the more people are going to use it. so the more efficient it becomes, the more use and the more dispersion we're going to see of artificial intelligence. >> if you're. >> in the hardware business or the cloud business. or you make chips such as nvidia or microsoft, you make hardware or you make applications, this is a good thing for you. openai. not so sure. so on the one hand, if th

your take on this because a famed investor and backer of president trump, i'm talking about, marc andreessen, is referring to deepseek as a.i .'s sputnik moment. how do you see it? >> that's possibly. >> not an exaggeration, laura, because you're talking about an a.i. model that's open source and consumes less energy. it was free to users until i think deepseek now just made it available to folks with a chinese phone number. but you hit the nail on the head when you talked about the relative costs, not just of the development, but of utilizing these models. if a chinese model is lower cost, consumes less energy than it would be a no brainer. for example, for european consumers, for latin american consumers, for african consumers who are going to end up being the the people that you're competing for in this, a.i. competition. >> so does this mean that this this advantage they presently have has staying power? or will the rest of the industry sort of build off of deepseek innovations to make their own training a.i. systems even cheaper? >> well, laura, what you have to keep in mind is that the

there's a mistake in assuming or somehow some lobbyists in california, including companies like andreessen horowitz, have persuaded people that zero regulation is a rational that hasn't worked in any other industry. in fact, other industries benefit regulation. there's a strong challenge in getting the right regulation. don't want regulatory capture where the big companies write the rules, which is kind of the default but i think about for example airlines imagine commercial aviation if there were regulation, it would be a complete instead. it's incredibly safe because we have layered oversight we have regulation in how you build an airplane, how you meet and maintain it. and the go are you investigate it? yeah. this is from talking way too much. so we have multiple layers of regulation that allows the commercial aviation industry be reliable enough that, you know, got on five planes as part of the book tour and felt like my life was probably not in danger. that what they want for air is no regulation. we have that list of dozen problems there may be more and that's just courting backlash.

maybe marc andreessen

and the political that some of the tech class you know i think it was marc andreessen recently on joean saying he got debanked and there's some talk that bank of america may have tracked credit card data around people. and i think and again, not giving credit or credence to any of it. but i think that's what president trump was talking about. yeah. >> i think the message to businesses is do not think that this president is a is a even though in some ways he really does seem like a traditional republican when he talks about tax cuts, but in the way that he is not a traditional republican is that he will go after businesses that he feels are being unfair to the people who voted for him, for his people. so he's not just an advocate for the market or corporate america. he's an advocate for his base, and his base has a problem with a traditional, maybe republican constituency like business. they should not count on there being a reservoir of goodwill there. he will go after them. >> if, if i may, i want while you're here to ask you about stargate this week, you know, huge splashy announcem

maybe marc andreessen calling this ai's kind of sputnik moment, the beginning of the ai race between china and the us. we're going to talk about the dangers. if the us does fall behind this race against china. and as part of the unwinding of that ai trade today, investors are pulling the plug, so to speak, on energy names. some of the last year's biggest winners are now taking a massive move lower on all that nuclear power generation kelly. >> to the tune of 20% or so. tom, thanks. let's look at the broader markets. the dow is actually falling into positive territory, up a third of 1%, but the s&p is down nearly 2%. and the nasdaq is tanking by 3.5% today. let's look at where nvidia worst day since march 2020. it's shed about half $1 trillion in market cap today losing the 3 trillion mark. and as the session continues, interestingly enough, it kind of continues to pick up steam in the sell off. it's down now more than 17% now those energy names as well, which had been big winners on hopes we need massive power for the ai boom. while investors are rethinking that today, this dress dow

and i think marc andreessen had this post sputnik moment. and, you know, hopefully we together as americans can come together and basically really push ourselves over the next five years to create, be the number one leader and not try to do that through regulation. >> i think mark also said this is a great gift to humanity. do you agree? >> definitely. >> because the stock market is looking at it and just selling off the names that were associated with the ai trade, not looking at sort of the bigger picture. >> yeah, i think like what this really unlocks is the ability for more people to do interesting research, not just chatbots, but, you know, what we're hearing about even during the stargate announcement, like the biology work, the science work, the research in math and physics, i think we see a lot more happen there because we have the ability to run these models, and researchers can run these models without having to have bigger and bigger clusters to do that. >> does this also pull. forward the peak in. >> ai spend. >> in your view? i

>> well, marc. >> andreessen said this, but. >> but we don't know.eal, whether or not this is effectively screen scraping. right, which is taking the best of our open source and their intelligence community. using access to our closed source. is that a component of this build out? we don't yet know. we also don't yet understand fully the data transfer that's happening with with this new app. what we do know though, and the fundamentals here matter. >> are transferring meaning are people's information at risk with going back to the chinese. >> government? is this a more sophisticated tiktok right. is this a much more sophisticated? >> this could be. >> a mousetrap. >> so most of the people that are online don't don't necessarily because it's open source. they think they can see inside. they can see the programing. they can see. now, i don't know, maybe that there's some clever little mousetrap in there that nobody's spotted yet. >> we don't know. but what is devastating, though, is if you have a new model that requires less compute, less chips means l

it's a reason marc andreessen said this is a sputnik moment. solving things in a different way. jonathan: the latest with bloomberg's tom mackenzie as deepseek rattles global tech stocks. you are watching bloomberg tv. ♪ 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. >> jonathan: this is quite a start to the trading week, s&p 500 down 2.5%. nasdaq 500 down by more than 4%. demonstrating they could do more with less. less nvidia apparently, down by 11%. less energy, down something like 20, maybe less of everything. guess what we were talking about last week? a lot of happy talk. take a listen. >> the dominant mood is extreme optimism. >> davos is all trump, all ai. >> if you are looking to take advantage

as marc andreessen, a member of this group, has been very, very frank about in interviews in which he said, i saw the biden white house saying they were going to control this. the government is going to be managing and monitoring ai. and i said, you know what? i'm going to start donating to donald trump because that's where all the money started to shift. very soon after, there was an effort to try to try to protect the public essentially from the manipulations and the exploitation of ai. >> so, david jolly, what is the only one among us who's been a policy maker? >> what's the solution? >> elect democrats? and here's what i mean by that. >> i realize that sounds really simple, but i think the reason joe biden's remarks last night really landed with such a darkness to it, is that these challenges, come monday, will now go unresolved and unattended to if you consider among the laundry list, you know, joe biden expressed his concern about the rise of disinformation. he expressed his concern about the supreme court's granting of presidential immunity for criminal acts. he expressed his c

. >> well, marc andreessen went to town on it, on joe rogan a few weeks ago talking about especially you know, the industry has been celebrating this deregulatory environment. but the push i mean, the flip side will be a president who does not hesitate to embarrass you in front of the entire planet. >> right. and you. >> heard this from the cfpb current director. >> i'm not sure how much longer he will hold that post. >> but rohit. >> chopra was. on squawk. >> box this morning. >> and it seemed like this was actually. an area. >> where. >> he and the president align in terms of making sure that there is no discriminatory practices when it comes to the. >> banks and who they. >> decide to service and who. >> they decide to close. >> the accounts. >> for now, it's. >> worth noting that the banking industry is one of the most regulated institutions. >> and complexes that we have in this. >> country, and so. >> they are. constantly monitored for discriminatory activity. >> they have to follow those rules very closely. they have, you. >> know, very close ties with. >> their regulators, co

jim andreessen calls it the ai sputnik moment. >> right. look, i think you. >> can certainly. >> make any. >> claim you want. i think that what matters to me is in the end is numbers. >> and it. >> do you pause your. >> nvidia orders? do you. >> just say, you. >> know what. >> i've spent. >> a lot on nvidia. now i can hold back. >> or is it some sort of a prisoner's. dilemma where if you hold. >> back. >> then maybe ellison goes and buys? i think that nvidia. >> is really the target. here because it costs. >> so much money, and it. >> just doesn't seem to be able to. >> command that kind of money if this is that good. but david, i'm going to leave you with something that i think is really important. please. what? >> please leave me with something that's. >> really important. >> well. >> i mean, this is a. >> chinese product. >> it is. so what. >> i put into my very helpful deep c is. >> what famous picture. >> has a man with grocery bags in front of a tank, and it initially says the famous picture you're referring to are tank man. unknown r