elon musk is accusing the chief executive sam altman of executivevsam altman of its public develo p7e could cash in on the a trial on thetechnology. a trial next year, open ar could begin nest year; seen” ~ ~ reportedly middle could begin ne34t year; open” ~ ~ reportedly middle of is reportedly in the middle of discussions to raise $40 in funding headed softbank. 77 musk�*steam by softbank. elon musk�*s team has granted has been granted read—only access to the codes. . 7t° . pa rt part of a �* about it's part of a review about conducting with the aim to maximise integrity. maximise payment integrity. the are treasury conducting team are treasury conducting the review for doge is being as- ly by text executive tom 7 who7like elon musk is krause who like elon musk is �*a krause who like elon musk is �* a treasury that's it this edition of business today, you for business today, thank you for watching. hey, it's lucy, with the catch up. but first tonight, police say around ten people have been killed in a shooting at a community college in central sweden. officers believe the gunman is

here in the us, it was a particularly tough week for open ai founder sam altman.ed by an indian businessman about the prospect of engineers in another country launching a competitor to openai. look how he responded. >> where is. >> it that a team from india, you know, three super smart engineers with, you know, not 100 million, but let's say 10 million could actually build something truly substantial. >> look, the way this. >> works is. >> we're going to tell you. >> it's. >> totally hopeless to compete with us on training foundation models. you shouldn't try. and it's your job to, like, try anyway. >> oops. >> this isn't the only quote from altman that's coming back to haunt him back in 2016. he compared trump to hitler in 1930s germany and wrote that trump represents an unprecedented threat to america. and now, after donating $1 million to his inauguration, he told trump at the white house last week how thrilled he is to be working with him. danielle and dean are back with me. all right, so who do you got as your worst of the week here? because you've got the ch

in india, sam altman to have changed mind. sam altman to have changed i mind. changed his mind.d his mind. india is an _ important market. changed his mind. india is an l _ important market for incredibly important market for al in general, for 0penai in ai in general, for 0penai in particular, it is our second market, users 551351555 m5rk5ty�*5ripi5 555.5 in the 551351555 m5rk555rip55us5rs in the last year 551351555 m5rk55;5rip55us5rs in the last year but mostly seeing what people are in india with al at building in india with al at all levels of stack, chips, 5555’ of incredible isorlithinkfi qqi’thiaanal; applications, so i think india should be everything, i ”finale” 7 ' ' ind|ashould ' ' ind|ashouldbe ' ' z”finiialihéfliéea};z ' ' zzuztndiazthouldbegonezofz ' ' think india should be one of the leaders of the ai revolution.— the leaders of the ai revolution. ., , revolution. live to delhi. waroona _ revolution. live to delhi. waroona des _ revolution. live to delhi. waroona des mark - revolution. live to delhi. waroona des mark gee. | revolution. live to delhi. - waroona des m

rachel: this is sam altman's second world tour over the last few years.pany is more established, and he is making stops in a bunch of different countries, including south korea, where he had a deal with a really large company focused on social media there. he has been meeting with softbank in japan and there are a bunch of other stuff as well. some are focused on meeting with people, developers. also there is a university in germany he is going to head up. he has different kinds of people to meet with that are connected with the company or he would like to be connected with the company. jackie: i'm curious which risks this world tour brings up. obviously the sikh developments of last week really amplified this talk about an ai race. then today we see some retaliation from china on alphabet in response to trump's terrace. you are seeing tech companies get caught in the middle. by doing this is sam altman putting himself out there a little too much? rachel: that is a really good question. there is a lot of diplomacy that needs to come along at this point wi

it all goes back to the early days when elon musk and sam altman cofounded the startup openai.hat the company promised to remain a nonprofit. here is brian cheung to break it down. how did we get here and what are but sites are going in court? >> it is a fascinating story. they were friends at one point, as you pointed up. they cofounded openai together. elon musk left the company and has his own competitor called x ai. he claimed he was brought into the company to help them get started up on the proms that the company would remain a nonprofit. now, you have openai that is looking to become a for-profit company. elon is not happy about this. he wants remediation in terms of how much they made since he left. he is also asking a judge to do that. it is two people that were formally friends. they are very close to the president, as well. >> remediation means money. he wants to put a hold on this whole process. but this all comes as we are talking about a.i. in this country, how it could have an impact on a.i. >> it is the biggest race out there. it is one of the fastest- growing i

altman of open a.i. and he shares his vision to bring more investment to the united states. [speaking japanese] >> japan has been the largest investor for the united states in the last five consecutive years. [speaking japanese] >> and building upon that, we are ready to further increase our investment to the united states. [speaking japanese] >> and also there is other good news i would like to say to you, japanese isuzu has a plan to create a factory in the united states in the near future. [speaking japanese] >> and as i touched upon the example of toyota, they have another plan to expand their factories as well as expanding new factories in the near future and as i understand, there is one factory to be fully operational starting the month of april this year. president trump: thank you very much. we are going to be working on that and auto factories. we have a lot of companies coming into the united states because of what we have done with taxation and i know they are going to do very well and say hello to mr. toyota and somebody i met over there and became friendly with

well, by scaring first there is some of that i think that when altman talks about the worries the the sort of potentially serious harms he's actually coming from multiple places at once. so one is he is trying to hype up how powerful the stuff is and he's always trying to do that. he had an essay today where he's like, for sure we have solved i don't you worry about all the problems that we haven't solved. we will solve them. and that's just empty promise. i mean, you think about it from a scientific perspective and over and over again, we keep having the same problems like hallucinations have been. i predicted those in 2001 they continued for 23 years. we don't actually a solution so he likes to just weave them away so we're going to magic stuff. so some its hype and some of it is you know he was born on the same day as oppenheimer he knows that he's consciously aware of it he doesn't to you know be that guy who unleashed this being on civilization and he wants to say, well, i warned you and covered this basis. so there's a mix of the kind commercial operator which looms strong and s

a judge will hear arguments in elon musk's request for a preliminary injunction against sam altman, sanuse musk doesn't want openai to become a fully for profit business. attorneys for musk and his ai startup, xai, filed this motion in december. the injunction would also stop the company from requiring investors not to fund competitors. musk originally filed suit against openai in san francisco state court before withdrawing and refiling in federal court. the hearing is set for tuesday. well, more fallout from the president's tariffs announcement yesterday. ontario, canada planning to stop selling american alcohol this week. yesterday, president trump announced a 25% tariff on canadian imports. canadian prime minister justin trudeau slapped a retaliatory 25% tariff on american products. the liquor control board of ontario says it will start pulling american liquor from shelves on tuesday. outlets for the liquor control board will also take u.s. products out of its catalog, so other retailers can't order them now. higher prices at the pump are expected following the president's decision

all of this to say, kelly, the urgency for altman openai now to make new transformative breakthroughsmay have the firepower, but altman has to prove that openai still has the edge and is profitable and can scale. deirdre, thanks. appreciate it. deirdre bosa it's a mega valuation. still to come, congress gearing up for a taxing battle after the president laid out his plan to the republican conference. we'll dig into the specifics, the potential end of the carried interest loophole and the impact all of this will have on the deficit. that's next. >> techcheck is sponsored by >> techcheck is sponsored by comcast at ameriprise financial, we know our clients are so much more than clients. they're conquerors and champions, and what matters most to them matters most to us. it's no wonder we have a 4.9 out of 5 client satisfaction rating. ameriprise financial. >> for 20 consecutive quarters of revenue growth in a $2 trillion electrification market. meet connect m nasdaq cntm, whose patented technology platform manages 120,000 all electric assets worldwide, with revenue surging over 1,100% sin

a judge will hear arguments in elon musk's request for a preliminary injunction against sam altman'srancisco based openai. that's because musk does not want openai to become a fully for profit business. attorneys for musk and his ai startup, xai, filed this motion in december. the injunction would also stop the company from requiring investors not to fund competitors. musk originally filed suit against openai in a san francisco state court before withdrawing and refiling in federal court. the hearing is set for tuesday. the super bowl countdown is on. we are just one week away from super bowl 59. it is a rematch between the philadelphia eagles and the reigning champs, the kansas city chiefs. both teams touched down in new orleans today. the eagles are looking to win their second super bowl in franchise history, while the chiefs are looking for a three peat, the first ever to do that. they have, and they have also appeared in the super bowl five consecutive five times inin the last six seasons. so if you're not going to the game, are you throwing a party? economists say you might have

some altman's tour of japan and south korea comes as the competition rubs up fully. the loads of the chinese rival deep sink. but bryant has both and so of these all size make shifts in the world of all to officially intelligence taking place right here, seemingly in response to the shock launch of new a marbles from the chinese star, top deep see they have shown just was technological advances can be made in a i, using far less results is than the western competitors. now, one of the piety is in a i, sam all months. he's the ceo of open a guy that may cuz of chat g b t t is in the region, announcing plans for the next generation of a i tools. i think this is one of the best things open. the eye is ever launched, and it really points at what's going to be possible with agents. this can do complex research tasks for you. off door announcing a multi $1000000000.00 collaboration with a partner in tokyo, ultimate news here in sol, attending a major industry event where he's also around single joint project. with one of south korea's biggest tech companies, they will focu

cheryl: there was a lot of controversy with i am bringing this up josh altman on multiple platforms "es aren'ts aren't coming back. >> i am hearing one hundred percent coming back aren't quite, roefk about construction costs much higher but everyone is committed to coming back that is ridiculous. cheryl: is that concern about rebuilding governor newsom spun, as you spend, you heard stories trying to get -- benefits do you think that is going to change. >> everything, i mean what government wiped away red tape allowing clean road to rebuilding so important without that nothing would happen would take many more years he has been terrific for the state president trump on same in same page everybody working toward same effort terrific to watch coming together. >> talk about conditions, on aid to california same breathth gavin newsom went to washington yesterday to ask for recovery aide for california on monday state legislature special session that he called, they 50 million dollars, 25 million to fight president trump when it comes to immigration, what how does this play out? >> he is he

state agencies not to hire anyone parton for participation in the january 6th riots, chicago city altmanution reading anyone who wanted to overthrow the government should not be eligible to serve government. that resolution goes before city council february 19th. stuart: police officers in nassau county in new york city suburbs, they will assist federal agents with immigration enforcement. joining me now is nassau county executive bruce blakeman, what are police officers doing to help ice? >> reporter: isis asked the we will cross designate, to make sure we get all criminals off the streets who are here illegally and when i say that i mean not just that they are here illegally, we are not doing raids, we are not asking people for their immigration status, we are going after individuals who have committed crimes, who are here illegally, whether his burglary, stealing cars, shoplifting, whatever it is. if they are here illegally, our police officers work with ice to make sure they are apprehended, detained and deported. in addition, our sheriff's department is holding 50 cells in our jail

so used to things being so fantastic, now the we interjected a little competition i look for stem altmanwhen he heard about this he said fine, we will bring out our stuff and compete with them. i love competition, that's the america i know, we will compete but it won't be as easy as people thought it would be in the beginning. stuart: i saw the price of gold approaching $2900 an ounce today, record high. do you ever dabbled in gold, is now the time to put some money there? >> not going to buy it at an all-time record high, something i wouldn't do but it has been a good barometer of how people are feeling out there. these tariffs, there are some nerves in the market about the tariffs, even in the ad sector and i'm sure the model and the tech sector. that's a problem. you have other issues with the economy and inflation and i will make a big statement, i think by the end of this year inflation will be a bigger story than tariffs, tariffs are story right now but this inflation issue is not going to go and the longer it sticks around the bigger deal it is going to be. keep an eye on that. i

. >> ultimately i am a, you look at a sam altman aisle seat gifti ultimately goal when we get there mayt is ultimate goal deepseek i think best i read so far real cost 1.6 billion 50,000 gpu's, clufrz around the entire country of china found best people around the country, china contributed, so, 6 million dollar mark way off, that is why nvidia stock has come back ironically made to lesser not black hole but lesser chips there has been a rush on those prices, on those gone up making nvidia richer. cheryl: our economists between us here mr. john lonski. john: nice seek you. cheryl: how feeling about jobs' report. john: i am feeling a little bit upbeat we've got a lot of positive soundings on jobs, from -- ism, pmi adp i wouldn't be surprised if the increase in payroll beats that 170,000 consensus estimate i don't think jobs' report is weak enough to increase the likelihood of a fed rate hike, prior to the month of june. cheryl: are a okay charles. >> ultimate coin flip the game, so ridiculous considering the -- the extent of revisions, you know two things bother me with this number, is t

the comments come as altman makes a stop in new delhi meeting with officials.dwide tour, that included japan, south korea. >> keep talking about the global a.i. race with sarah guo, the founder of conviction, a venture firm focused on a.i. native companies. sarah, it's been over two years since you founded conviction. just a month before chat gpt really took the world by storm and you wasted no time getting to the table in some of the most promising a.i. start-ups. but i want to know what's changed in the a.i. landscape from your perspective as a venture capital investor since you launched? a.i. has come a long way. sarah: yeah. when we launched, we had this very strong belief that a.i. would be a decade-plus shift, the most important shift in technology we were likely to see in our lifetimes. we made early bets that application companies and companies that invested vertically up add down the stack would create a lot of value. i think that is even more true now and the myth of the g.p.t. wrapper has been brushed away. one of the major developments over the last

infrastructure venture led by openai's sam altman and oracle's larry ellison is close to deciding on locations in texas and more than 12 the other states for its data center projects. in january white house news conference they held with president trump the three announced they will invest $500 billion over the next four years on new a. i. infrastructure here in the u.s. chip architecture firm arm holdings is right in the sweet spot. coming up, ceo rene haas is here live. we'll ask what he's prepared to spend to ensure his chip designs are stargate's chosen ones. and the other major story we are watching at this hour, chairs of cal main, the largest egg producer in the u.s., up nearly 2% as egg prices skyrocket. waffle house cracking under the rising costs. the restaurant chain announcing it will implement a 50 cent surcharge per egg used in its recipes to offset the egg-flation. calmain shares have spiked 99 -- 94% due to the bird flu outbreak which restaurant the chains could be next to slap. the surcharge on customers? we'll ask the national restaurant association's ceo, she is co

japan softbank ceo masayoshi son and openai ceo sam altman announced that partnership today. planning to offer ai services to corporate customers in japan, with a goal of expanding to companies around the world. services will include streamlined planning, marketing and communications. >> this can do complex research tasks for you, tasks that might take 30 minutes. they might take 30 days. >> softbank is paying $3 billion annually to use openai's technology. the two companies are part of the stargate project, which is supported by president donald trump. the project is investing up to $500 billion in artificial intelligence infrastructure in the u.s. [music] and still ahead tonight, marking two years since the disastrous derailment in east palestine, ohio. the new lawsuit claiming that incident has since turned deadly. and in the wake of the southern california fires, insurance claims are pouring in andtate farm insurance says it needs to raise its rates immediately. why? they say that's necessary to avert a, quote, dire situation and a concerning study out of ucsf. what resea

what's not complicated is the idea that that man there to the right of sam altman, who's at the podium, masa, he wants in here in a big way, guys. and this is clearly going to be one of the key investments that softbank makes. some will question, well where's the money going to come from. are they going to have to sell some arm or are they going to have to sell perhaps some of the 18 billion or so that they own in t-mobile? still, although my understanding is they also have a balance sheet that does allow them to take on more debt. and, you know, debt in japan is pretty cheap. >> and he's raised. >> money before from partners like the saudis, for instance. >> private investment fund, of course, as well. i don't think that's part of this. this is softbank money. this is not vision fund money or anything like that. that's fully this is this is a soft. >> but it. >> definitely is going to be part of the. 500 billion that he promised donald trump as the president, he would invest in america in ai. when he came out. remember, trump asked him in the news conference to double it to a trillion

. >> competes with twitter, you have sam altman, who was just down at the white house who runs a reallyant company called openai. they're raising money right now at $330 billion. right. >> he's giving them half a half a trillion. >> jeff bezos space exploration. >> i mean, it's all we need. like one of those whiteboards, like the. >> red. >> you know, that sort of thing. >> i mean, it's just really confusing, right? >> so at. >> the end of the day, i think this says more about these ceos and the companies than it does about the white house. we know what this donald trump white house is all about. and it's just the fact that these guys are willing to go and compromise their ideals, but also the ideals that these companies. >> but he's giving them. >> will they be ready to defend him? remember, after charlottesville, when all those business leaders that were on his councils had to stand there, like. >> let's see. >> what happens. but they are giving. he's giving them half. he's giving them $500 billion to develop ai that china just did for 6 billion, as you know. why wouldn't they? >> but

infrastructure venture that oracle's larry ellison, softbank's my son and we well, son and openai sam altman rolled out at the white house on january 21st. that was trump's full first full day in office. they're spending 100 billion up front and could go up to 500 billion over the next four years. now, some have questioned whether these companies even have that kind of money. but hey, you know who didn't care? i mean, wall street oracle stock gained 14.4% over the next two days. and while it's since given back, much of that move, clearly ai spending was not seen as a problem two weeks ago. so you can imagine you've got this one company spending far more than we thought. and then what happens? its stock goes up now. something big changed in recent weeks though. and that was the arrival of deep tech. that's a chinese generative ai tool that seems to be performed nearly as well as any of the leading edge, expensive us ai systems and was allegedly developed with far less hardware, meaning a heck of a lot less money. deep seek was actually launched last year, but it fully broke into wall street i

. >> altman. >> two tech leaders, perhaps with higher public profiles than masayoshi son but seeminglyn former editor of the financial times, lionel barber. he's the author of the new book entitled gambling man the secret story of the world's greatest disrupter. masayoshi son. he'd know a thing or two about what's going on here, i. >> think so. >> little knows everything. everything he. knows everything. >> he knows. >> everybody. >> and he. >> tells a great story. >> we, you know. >> the line, we're going to need a bigger boat. >> yeah. >> we're going to need more than four hours. >> for lionel. >> good. >> that's what. >> happens if. >> i. >> can't swim. >> exactly. so, so, lionel. >> for. >> for most americans, they don't know morse. they don't know who masa is. >> and yet. >> people in business. >> circles. >> you're you're next to steph. and she finds out who this is about. she goes, oh my god. explain it to viewers who masa is. >> he was the richest man in the world in february 2000, richer than warren buffett. bill gates, he's a media tech investor with a very high risk appetite

sam altman said with these new technologies this is and everybody's lives and everything we can have a team of different working to create anything we can imagine. along those lines. elon musk who is the founder of x, says a.i. will render money endless. and any good that they desire. darr yeoh amadei who is a c.e.o., it is his guess that powerful a.i. could accelerate the rate of scientific discoveries giving us the next 50 to 100 years of biological progress in just the next five to 10 years and we are seeing incredible applications such as alpha fold from deep mine which has predicted the structures of over 200 million proteins solving the protein folding problem. the recent unveiling of the stargate and joined by larry ellison about curing cancer and anior disease. this might stownd vague and optimistic and sounds like hype. i wanted to present a couple of charts that make this point. not only about the ultimate potential of a.i. models, but about the rapid acceleration that we are right now currently in the midst of. so this chart is one metric of basically how smart a model is.

moment of personal privilege to thank the chair and vice chair of the maryland democratic party, ken altman dukes, and to thank all of the other chairs and vice chairs from the parties and all of you from the state parties. i can tell you, and i think you know this, but we did a great job in maryland this year. we made history. we elected a great new partner for me in the united states senate, angela alsobrooks. so, i want to thank maryland, i want to thank everyone else, i want to thank the officers of the dnc, including my colleague, senator tammy baldwin. now, we are here in a room and we obviously cannot see out of the windows from this particular room, but on wednesday night 67 souls perished in a terrible aircraft collision and plunged into the potomac river, not far from where all of you are sitting here this evening. while emergency responders from the district of columbia, virginia, and maryland came together to try to provide rescue operations, and did provide recovery operations. while they were providing recovery operations, i happened to have my tv on and i saw the press confer