amit: we have raised plenty of money.raised 600 million dollars to date, even before ai was cool. people saw the user excitement and the value that "gong" is creating. we are not raising right now. and we are not burning a ton of money. but definitely, there's a ton of inbound interest. there's no shortage of people that want to invest. they recognize the massive tectonic shifts that we are expanding right now. caroline: we came to you with a look at adobe and the fact that they are willing to take some legal risk on board. we are beset with, what are the ratifications of generative ai, the copyright, the bias, the negative repercussions? how are you thinking about that with your business? amit: ai is powerful and needs to be regular. we put a lot of effort on both privacy, security, disclosure of information. the system needs to be helpful and not threatening to people. everything is transparent. i think every company should put regulatory control both at a company level and a country and global level. caroline: great to

some ships have been waiting as long as nine days to be unloaded joining me with more insight is amiteutsche bank good to see you, amit. >> good morning. >> give us a sense how big of a deal is the disr disruption it is a work slowdown. is it a big deal just overall and what does it mean for the broader economy? >> i think it is unfortunate there is no doubt about it being an unfortunate event this is nothing like the back up we saw in the height of the pandemic nor the slowdown and backlog from 2015 when the west coast ports have a similar situation. the bottom line, frank, demand and freight ports today are weak with there is a backlog on the west coast, but the demand environment is nowhere near where it was the last two years. while this negotiation and how it is evolving is unfortunate, but we think it is probably the best time to happen given demand is weak. we believe a deal will get done. according to trade magazines or articles yesterday in los angeles and oakland is back to normal scheduling. it seems the problems are centered on seattle. the bottom line is we think the deal

earlier, i spoke with amit yoran of cybersecurity firm tenable. should do. i think the important thing is for organizations to understand whether or not they have been compromised to engage with local law enforcement to understand what is likely to come over the next few days as the deadline expires. many organizations, historically, have paid ransoms in order to avoid headlines and data leaks and others have decided not to. would you suggest they pay the ransom or do they hold out and not do so? i ransom or do they hold out and not do so?— not do so? i am not going to rovide not do so? i am not going to provide advice _ not do so? i am not going to provide advice to _ not do so? i am not going to provide advice to individual. provide advice to individual organizations that have been compromised but i would say, systemically, we are better off when the organizations do not be ransom. work with law enforcement, engage with cyber professionals to ensure that any information and data posted is taken down very quickly and doesn't cause damage to the o

she went on to say, i have spoken to the nottinghamshire police chief constable and amit receiving updatesnted on the incident. he was speaking at an event at london tech week. two people here will probably be seeing the news filtering through. i don't think we can start the session but out there has been a serious incident in nottingham this morning. information is still coming — nottingham this morning. information is still coming through _ nottingham this morning. information is still coming through but _ nottingham this morning. information is still coming through but it - nottingham this morning. information is still coming through but it has - is still coming through but it has just been reported that three people have lost their lives. i'm sure i speak to everybody in this room and saying that we would like to send our thoughts to everybody affected and to the emergency services, who are responding to this as we speak. we will get to take in just a moment, but ijust think we will get to take in just a moment, but i just think that when there is something that serious happening in no

amit, thank you for joining us and good morning. first off, how big is this breach?ut the severity. and who was impacted? >> well, what we know is that clop is a very sophisticated organization. they've been in the ransomware business for some time. the estimates are north of 8,000 organizations around the world, and perhaps as many as 3,000 organizations within the u.s. have fallen victim over the last three to four years. >> what about regular folks? i'm reading that millions of people in louisiana and oregon may have had their social security numbers and their driver's license numbers stolen in this breach. so we're talking about dmvs being hacked into. what does this mean? >> well, i think what we're going to see is that this organization is used as ransomware. so if those organizations don't pay ransom, all of this private information will be released on these millions of individuals, and certainly it's concerning because it's millions of americans and dmvs, but it's also folks whose data is collected by private companies. >> i understand the way this hacking gr

is every bit as accountable the supervision could have been much leaning on the liquidity issue of amit was so we are going to address that. >> to use my soccer referee illustration they offend worse the next time and that is a an obvious finding and i would concur with you but the whole issue is problematic while not maybe directly jurisdictional. in 2010 congress passed dodd frank to make banking regulations tougher and to avoid future bank collapses. very soon after that, the bank ceos started lobbying for weaker rules. you also lobbied for weaker rules. when president trump first nominated you in 2017 you testified in this very room i think that you intended to, quote, consider appropriate ways to ease regulatory burdens for the banks and when i asked you if there weren't any rules at allco that you thought ought toe made stronger, do you remember what you said? >> i think i pointed at the stable funding, ratio. >> that's nott what you said. you said honestly, senator, i think they are tough enough. >> in 2018 you supported congress' weakening of those rules and led the fed hacking