deidre bosa has all the details.>> reporter: so, kelly, there's still a lot of skepticism around robo taxis, and to be fair, there's been a few high profile accidents that have scared some away but this new report makes the case that its vehicles are safer than human drivers, and also shows that waymo is expanding extremely quickly, whether you like it or not more than 22 million rider only miles have been driven through june of this year, that is more than tripling in just eight months the safety website uses a formula that compares its driverless vehicles to benchmarks and shows they're safer in almost every category it reminds me of when uber came out with a safety report to reassure the public about ride share. i lyft shortly after the headline was a disclosure of more than 3,000 sexual assaults reported over a year of ride shares obviously, that's not a problem for a vehicle with no driver at all. riders don't need to worry about assault or any of the smaller stuff like tipping and smells. waymo says it's safer

deidre does year val demings and carol moseley braun all join me now. thank you first for being with me. i want to talk about the moment and the history in a moment. but first the job and let me start with you, representative demings, a. going into the first debate between president biden, former president trump we knew what the job was for one, it was to dispel concerns about mental capacity. the other was about temperament. what is job one for vice president harris on tuesday night, what does she have to do above all else? >> well let me say, good morning. hello to all of you and it's just great to be here look, job one is to seal the deal on convincing the american people that she is the right person for the job, right time look, i'm sure vice president harris already knows that they're going to talk about her hair they're going to talk about her clothes. they're going to talk about or makeup. certainly going to throw in that she's unintelligent to try to make her feel that she does not belong there. but yes, she does belong there because she is the

deidre, the comments last night indicate the excitement about ai and leaned against the idea that it'sr or going through a massive reset right now. >> yeah, think of oracle like the switzerland of ai. it's now got deals with all of the hyperscalers, it's not developing its own ai model to compete with customers it is neutral and unthreatening. it's friends with everyone that has boded well for the company. it used to compete quite bitterly with some of the big players. customers now include everyone in the space from openai to microsoft bing chat bot. also working in its favor, ironically, is relatively late entry to the cloud infrastructure business. many of the data centers were built in recent years, so oracles were better designed for training ai models it's not slowing down either yesterday, ellison saying it signed 42 additional cloud gpu contracts for a total of $3 billion, another advantage is larry ellison himself. he's founder and executive chair, and he's extremely well connected in tech circles. he's tight with justin wong, that helps when you need to secure gpus. he's also

we turn now to deidre bosa with that story and the ripple effects it could have in silicon valley.dre. >> kelly, all the drama that could give startup founders one more reason to stay private or reconsider the consequences of founders. especially when you have to answer to a public board and shareholders. the ceo and founder of the dna testing company, she brought the company public just three years ago. it's since lost 99.9% of its value, from $6 billion market cap peak. so he decided that 23 and me should be private and firmly in her control. she proposed buying back all outstanding shares that she didn't already own. the board rejected that proposal, but she still has enough control to block other potential bidders. it's now culminated with all seven members oh of that board resigning, and a notice from the nasdaq threatening to de-list the company by october 3rd. this is the current web page of 23 and me's board of directors. mightily lonely. previously, it included some of the most important leaders in tech and health care. these are just some of them. they were attracted in t

bosa with more details deidre >> hey, kelly. government moves slow, and ai is moving faster than anyone anticipated, so big tech has done a bunch of deals in the energy space. oracle making progress on a data center that will require over a giga watt of electricity, or enough to power 750,000 homes. amazon mpaid ad 650 million for nuclear power facility so big tech is scouring the country for electricity supply, and the white house has certainly taken note megan stopped the nvidia ceo, who acknowledged the huge amounts of energy needed to continue to develop ai, but also talked about the solutions that ai could help pioneer. have a listen. >> although artificial intelligence consumes a lot of energy to train, it also saves a lot of energy when you consume it because ultimately, it's not about training the model, it's about using the model. whether it's in health care or climate technology or just running the power grid, ai has the opportunity to really save a ton of energy. and so i think people are grappling with the scale of t

so deidre, thanks for bringing that to us.dre bosa in "tech check." >>> the pharmacy benefit managers are responding to the ftc's suit that was brought against hem last hour. this is the most contentious between an agency and industry that i can remember in some time. >> we are getting the reaction from the pharmacy bet fin managers, sued by the ftc this morning, bringing the suit against these three. the commission says the companies have engaged in anti-competitive and unfair rebating practices that have artificially inflated the list price of insulin drugs and shifted the cost of those drugs onto vulnerable patients. it alleges that the companies rigged pharmaceutical supply chain competition in their favor with what they call a perverse drug rebate system. in a statement, a cbs health spokes person said -- >> andrea nelson for the cigma group issued this statement on behalf of express scripts. >> and a spokesperson for optumrx says -- >> kelly, i just want to add to this discussion, this is not just about the pharmacy bene

deidre, set the scene for us and welcome to you both. >> hey, kelly.basically, and i should let jeff explain this, but these are the top private companies that are basically letting small and medium-sized businesses operate in a different way. technology is enabling them to do things faster, more efficiently. this really tells you how quickly this is moving. and a question we often ask of public markets, are we going to see the monetization of generative ai. jeff, i wonder if you're seeing them at small and medium-sized businesses, is gen ai increasing their bottom line? >> it's a great question, and no lack of hype around ai and gen ai. one, small businesses, 40% of u.s. gdp. so it's a critical part of the u.s. economy. 60% of job growth over the last decade has been in small business. when you think about an tropic or openai or square or shoppify, those are names that people know and think of associated with a small business economy. what we try to do with our list is i like the private companies that people haven't heard of, companies that will hope

but deidre, thank you. he will need lots of money.sa in today's edition of "tech check." >>> coming up, astrazeneca confirming that employees in china are under investigation and being detained. we're live in beijing. and smartsheet popping on -- and shares are up about 6%. shares are up about 6%. back after this. something amazing is happening here. data is bringing creativity to life. that's because cdw showed animation studios new ways to maximize their infrastructure, then built a flexible dell technologies data solution. more automation led to greater efficiency, which means creativity stays the star of the show. make amazing happen. dell technologies and cdw. >>> five current and former astrazeneca employees are being detained by police in china. it let's bring in eunice yoon with the very latest on this story. eunice, what do we know? >> reporter: well, kelly, astrazeneca confirmed that a small number of employees are under investigation here in china. that statement came as a response to reports that five chinese nationals eit

deidre bosa brings us this story today. deidre? the last thing microsoft wants to hear, it knows all too well what that regulatory scrutiny can mean. but this time it's big tech taking on big tech. microsoft argue mably has the m to lose. it has enjoyed a more under the radar status. there are doj and ftc monopoly lawsuits against several companies, but microsoft has avoided that scrutiny, perhaps in part because it already went through its anti-trust battles in the late '90s, or maybe because regulators have focused on privacy. but this google complaint puts a spotlight on microsoft's cloud business, saying essentially that microsoft uses its market power to push clients to use azure. this has been a strategy for other smaller players that filed a complaint against microsoft's 365. now, game concessions in the form of fines or the lowering of those walled gardens. i was chatting with steve covak who noted that co-pilot is not bubd bundled. we don't know whether that's because microsoft doesn't want to attract regulatoryscrutiny, b

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deidre bosa is more in today's "tech check." >> never a dull moment for openai. startup darling, it could welcome apple and nvidia to its cap table. that may mean it needs to re-examine its structure, which is a hybrid entity. so a nonprofit foundation and a for profit arm. a disclaimer on the website states, it would be wise to view any investment in openai in the spirit of a donation. of course, the mega cap reportedly looking to invest in this latest round. they answer to shareholders looking for returns on their investment. how do you go? it's the eternal question, how do you go from scrappy startup to mature or ration and the stakes in generative ai, higher than ever. do you lose some of the innovation and grit but gain structure in managers? an interesting piece in "the new york times" on openai. 80% of its more than 1700 employees started after the release of chatgbt. additions that include some of the most respected people in technology like kevin wheel from facebook, crystal han from coinbase. but founders weighed in on the founder, writing many founders

so those have been the headlines. >> deidre, you know where i'm going with this, to the original sin.ying, quoting someone on twitter who is talking about -- accusing sam basically of raising $50 million from elon to start a non-profit. tell everyone you're doing it for humanity, raise billions, and convert to a for-profit and boom. a lot of people this doesn't sit well. >> he also called sam altman as swindler of the century. i was laughing at that sound bite you just played from sam altman, saying hopefully this will go as smoothly as the other transitions. i mean, what an understatement. the transitions have been wild. kate, explain what happened over the last 24 hours. that could fill months for most companies. elon musk is the loudest person in the room, but there's many people here in tech in silicon valley who wonder, who question sam altman's motives. they say he could be a visionary, he could be a snake oil salesman, that's what we really don't know. but when you have these companies, you're always walking the line between, you know, being that visionary and playing fast and

deidres abouta.y, cnbc's ai opportunity event in new york city tomorrow where we'll talk about issues like this and you'll hear from industries about how ai is transforming businesses. to register scan the qr code on die street and that's it for us enng early today so that "power lunch q" can pick up jay powell's speech and i'll business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. >>> all right. a busy day to start the week. welcome to "power lunch." i'm, tyler, matt son. glad you could join us. at 2:00 this hour fed chairman jay powell to speak in a few minutes at the national association of business economics in nashville expected to hit topics around the economy, inflation a

deidre bosa has more on today's tech check.t in for us. >> here's how it can change our own experience on the internet potentially a better browsing experience. let me explain. the government argues that publishers will have to find other ways they currently have to find other ways to make up for hundreds of millions of dollars they would be getting if google didn't allegely destroy competition. to maximize their own revenue they might have to put more ads on their websites, making them more cluttered or they put more content behind pay walls all adding up to a subpar browsing experience for us, the users. imagine a world where they were scrolling through banners you just get the content they were looking for or imagine you didn't have to enter your address, and that's what could be potentially fixed, better monetization and better monitoring websites. google argue that the browsing experience could actually get worse if there were more alternatives or if google was broken up and it could fragment the tech system and make it le

. >> that was deidre dukes reporting. a grand jury will meet next month to review the case. >> a 16 year old is in custody accused in a school shooting today in maryland that killed another student. this happened at joppatowne high school in harford county, maryland. investigators say the suspect got into a fight with a 15 year old victim inside a bathroom and a single shot was fired, ultimately killing the 15 year old. the suspect was taken into custody within minutes. the county sheriff explained what comes next in the investigation. we are not still releasing the name of the suspect in this cas. >> he is, as i said, a 16 year old, also a student at the school. he has yet to be charged but will be charged and at the time, those charges are preferred. >> as an adult, we will release the name of the suspect. >> the incident is still under investigation. so far, no word on a motive for the shooting. our coverage continues on the fox local app. there you can find more in-depth coverage from the ktvu newsroom and our sister

deidre bosa is here for "tech check." what is you say? a document that anthropic has shown outlining gross marngins. a look shows that its top line is projected to grow more than 1,000% year over year in 2024 to $1 billion. but its gross margin, thinner than the typical high quality companies at 38%. that likely has to do with higher upfront costs and developing these models like the need for gpus. investors, however, especially in venture capital, are willing to look past those lower margin it is top line is growing at 1,000 plus percent. revenue growth also helps valuations look more reasonable. the information reported that anthropic is in talks to raise another round at a $30 to $40 billion valuation. at the upper end of that range with a billion dollar in sales, it would put its multiple actually lower than it was nine months ago. similar story for openai, which is closing in on a round that would value it at $150 billion. now, that would be less than doub double, but mow mentum from bot of those darlings is likely to help them conti