brad: marc benioff, thank you very much. caroline: that was salesforce io marc benioff at the bloomberg house endeavors. a significant part of the conversation was around ai come the infrastructure needs, the cost in the energy also needed an marc benioff trying to make a key point from his perspective that the joint venture announced yesterday that could be up to $500 billion worth, but initially $100 billion is actually a new vision for openai's relationship with microsoft going forward. i want to articulate that the technology providers within that deal of the ai investment in the united states announced alongside trump yesterday is that arm holdings, nvidia, and microsoft will be technology providers we understand bloomberg intelligence talking about the separate announcement that microsoft announced a revised partnership with openai, the large language model provider is able to choose other cloud companies at the moment with the approval of microsoft. let's bring in mike sheppard in washington. this was a big deal in wa

cramer's one on one with salesforce ceo marc benioff next.c live. >> ambitiously. >> let's talk ai. ai in china versus ai in the united states. >> deep sea. one of the. companies within china. it's been reported at least that they have a cluster of 50,000. >> nvidia gpus. >> deep sea. >> their model is actually. >> the top performing, or roughly. >> on par with the best american models. to see the deep sea new model, it's super impressive and it's super compute efficient. >> we're not just about managing information. >> we're about supplying. >> digital workers. now we're making this transformation of digital labor. >> good morning everyone. >> ready for the big meeting? >> i have to write this project plan. >> i just need to reply to 40 emails. >> linda. >> oh, there they disappeared. too many emails, messages, docs. >> that's why. >> i have grammarly. it's ai. >> that helps. >> me write. >> faster and better. >> everywhere. it just cleared. >> it for the whole company. >> it for the whole company. >> i was lost in the it all started with a

and a couple moments, we will bring you an interview with with marc benioff. we also have the ceos of cisco. we also talked to jamie diamond from j.p. morgan. we also went to talk to microsoft, that will not just be the only exclusive cloud partner with open a.i. we will talk with him about that for the first time. we will also talk to the ceo from uber. goldman sachs, and the ceo of coca-cola. we will go around the world with the iggest and most important companies in the world. >>> so many things are coming out. i don't even know where to begin. the president of the nasdaq was speaking there. they did pick up an interesting anecdote, talking about the trump administration, and how ceos are looking at all of this. he says you should be thinking, need to be in the room and part of the discussion, so i don't become an unintended consequence. maybe that is why you have seen all these pilgrimage to mar-a- lago and washington, d.c. to make sure they get their points made, hoping to get their perspectives through to the administration. no better way to do that than

marc benioff is already saying he's not hiring he's not hiring any new engineers because he doesn't need to. and yet there is a question mark about what that means for labor, meaning -- i don't know what you're doing on hiring right now. do you have -- do you have a view that we are five years away from really having a -- i don't know if it's a labor crisis, but a complete rethink about labor? >> andrew, last year we launched our business called learn vantage which is all about upscaling and it's exactly because today the biggest barrier to using ai is not the technology, it's actually having the talent who has been upskilled to use ai and then reskilled to take advantage of the opportunities. so we're growing and we're hiring because we're helping companies do that. >> i'm scared, though, when i hear from people like dario that it's not that we need to be upskilled, it's almost that we need to be down skilled, meaning that the higher level skills of the, quote, white-collar worker are the jobs that will go first. >> i don't believe that's accurate. why is that? because what we're seeing

back in 2017, they partnered with the salesforce founder, marc benioff, to hold a wildfire relief concert to help victims of the wine country wildfires. >>> if you would like to help the victims of southern california, you can go to redcross.org/cbs to donate. you can call 1-800-redcross. >>> up next with just days left in office, president biden is creating two national monuments right here in california. today's big announcement, plus. >>> even like a day of rest, a lot of our guys won't get too much rest because you're kind of amped up still. >> and an inside look at the life of the firefighter that's working 24-hour shifts. the dedication that it will take to guard on (♪♪) a single touch can say a thousand words. it says... i see you. i feel you. i got you. and i'm never letting go. (♪♪) ever. (♪♪) say it all with irresistibly touchable skin. get in touch. gold bond. >>> in the meantime, a deal to end the war on gaza could be close. hamas has accepted a draft agreement for the cease-fire and the release of dozens of hostages. if the final details are approved and the israeli governmen

who are the winners i mean marc benioff has gone out multiple times saying he's the winner. he's going back and forth with mark this weekend. and what mark is saying to me is, don't you see the value is in the data, the value is not in the hardware. so if you sell down salesforce, that's like a second day rally. what are the second day's rally? it's very interesting. apple not going down qualcomm not going down makes no sense whatsoever. but there are adherents of qualcomm. what i find most interesting is that the fellow travelers to these are are the nuclear stocks that have been up a lot are the palantir are the memes are the crypto. is it so it looks like they're all, you know, one stock and that is not good right. that's not good because that says you have hype and froth in here that has to come out no matter what. >> that's where correlation spikes. >> yes. >> i'm familiar with those those types of elements, those periods of fear. yeah. where there's less differentiation. there is. you know you mentioned apple kind of trades defensively on days like this. >> it does it

. >> if you take a look at what marc benioff says pretty much every day about copilot and the failure it is, he's very vocal, that it is something that i think we'll have to look at, how valuable is copilot? >> well, this is going to be a year -- we were talking about it two days ago, comes down to invested capital in terms of a.i. may start to really matter. >> we'll start figuring it out. if we can figure out quantum computing -- >> quantum could be years before we figure it out. >> i mentioned nuclear in 2034. j&p downgrades google saying final ruling, government expected by august 2025. when i spoke with the general counsel of google, 2027 is the first time you'll get anything. remember, it's very much like microsoft, which i know you were around for. >> i was. >> in the end it was overruled and not much happened. >> no. >> browser separated. and the browser had already been de facto. >> with alphabet, it's interesting, though, how often people go to chatgpt for a search query -- >> i don't use alphabet anymore. >> you don't? >> no, i just can't use google. >> you use gemini? >> g

but microsoft's satya nadella came out and said we're in for 80 billion and marc benioff was like, wellenai and microsoft are going to compete with each other. so this is gonna get messy. little bit of drama. little bit of drama for sure. >> and i don't know that plays out. i know a lot probably probably won't be that full to a 500 billion. probably not. yeah. but then on the political side to i just find it fascinating that elon musk who supposed to be supporting the president's efforts because he's part of the administration is pump aside kind of talking smack about a little bit. you know, we'll see how that side of it plays out. who knows yeah. all right. let's talk a little bit about the the economic impacts of the la fires we just had in the last hour. word from sacramento in the governor that he's coordinated a bunch of banks to try to at least give all the people who lost homes in these fires, at least a 90 day reprieve when it comes to mortgage payments. but the economic impacts going to be huge with this thing. yeah. >> the la wildfires it's going last in the community of la fo

jpmorgan chase's jamie dimon, salesforce's marc benioff, cisco's chuck robbins, coca-cola's james quincey stay ahead of the market. squawk box today, 6 a.m. eastern. cnbc. >>> welcome back to the program. president trump has said he would sanction russia if president putin fails to participant in negotiations on ukraine also telling reporters he plans to speak to him very soon. also called for greater action from european countries. >> the european union should be paying a lot more than they're paying because under biden, i mean, we're in there for $200 million more. now it affects them more than it i affects us, we have on ocean in-between, right? one thing on that. they should lift their number. not to 2%. but to 5%. nay to should be at 5%. not 2%. 2% is ridiculous. >> the president also repeated his suggestion that the european union could face fresh tariffs. speaking to reporters he said they were the only way to ensure fairness accusing the eu of quote, being very bad for us. we have also spoken to eiu policymakers here in davos about how the continent should respond to the threat of

i should also say marc benioff said on the air, i don't know if you saw it. love each other. i mean, it was a very interesting to hear the sort of dynamic. >> the days of our squawk box. >> yeah, the days of squawk no. and the question is longer term, whether you think microsoft's going to ultimately have to build its own frontier models. obviously satya right now is saying that he doesn't want to basically double up and replicate what openai is doing. >> yeah. that's correct. they want to focus their compute on one. they have a very good partnership with openai. mustafa wants to build the best models to power the best agents for billions of people around the world. that's mustafa's goal. it's how he gets. >> there. while we're just in the microsoft land. let me just ask one other related question. president trump commenting recently that he would like to see microsoft, or he says that microsoft is in negotiations to buy tiktok. you're a linkedin guy, social media guy. does that make sense to you? there was a period of time where microsoft and if i remember o

i think that they've got they're being attacked on this clippy two comment by marc benioff this morningthe kiss of death i saw a piece about the supercycle for the pc. we know that supercycle is perceived where there was a coal supercycle. there was this fracking supercycle. and when you see supercycle, that means you're dead. i think the pc so far is dead. and that refers to microsoft. where where is that, david? the pc, what are they doing? >> supercycle i don't know. >> it's going to matter very much to that company's numbers because microsoft you mentioned apple underperforming microsoft hasn't exactly exhibited great. >> wow. you're really negative here on on mister softy. >> well microsoft did not have a great i mean compared to its peer group. it the stock was not as good a performer last year as we know. >> what what any. have you talked to anyone who has an ai pc who says, wow, you ought to see what i have. >> we're waiting for that to happen during holiday. we didn't get it did help best buy. we talked to hp yesterday. still waiting. >> i have a i have a chapel trust. i have m

example, has pretty much called this a tectonic shift in the ai world from hardware, which ceo marc benioff now calls a bit of a commodity to software as a service. companies like salesforce, which are proprietary and can interrogate the data and create real value. hey, the market ate it up. salesforce word today, almost 4%. and a lot of it was the stuff that marc was tweeting. i wasn't alone. i wasn't alone in feeling a little lost here. apple stock rallied. i mean, ostensibly because they can now buy cheap or cheaper ai meta platforms, even as it already spent billions on nvidia chips, took off because of a belief that it won't need to spend that much more money in the future. but oracle, microsoft and alphabet, they got crushed. and yet they're also gigantic buyers of nvidia's chips. so they've all gone up like meta or down. i don't know. that was part of the confusion. and the real quandary is why didn't nvidia say that? it's become much more of a software company and that you need the hardware to run their software? it also would have been good to find out how many chips deep tech is r

adding to the tension is also comments by salesforce ceo marc benioff, who said microsoft is building its own ai and won't use openai in the future. so clearly stargate is a big deal, and people i've spoken to here in davos say it's important for the us and other countries to build up the infrastructure for ai, but clearly it's been a catalyst for some division in the tech world. frank. >> all right. so this is a really interesting dispute. i want to lean on the elon musk part. he continues to. say the sides they just don't have the money. but at the same time, we're hearing from another very wealthy, very influential person in the tech world, larry ellison. he says the projects are already under construction. so based on your reporting, just kind of what's how do we parse this as investors and people that look at these companies? is there some truth in what elon musk is saying, in your opinion, or is this just in progress and process? and maybe elon musk just doesn't have the latest details. >> look, i think look, if we look at the absolute number here, frank. $500 billion is a huge

we have marc benioff. we have jamie dimon. david solomon. david who was with you in washington yesterday making his way over here. we will get a lot of perspective on all of it. >> andrew, there's a huge number of people who were leaving last night or this morning on their way from here straight to davos. i think you're right to point out that the perspective from outside the united states may be sharply different from here in washington, d.c., particularly, the mood and atmosphere that has been here for last several days. we had albert bourla yesterday. he pointed out radical change. the idea of radical change is one lots of people are trying to adjust to. his perspective was there was most potential upside than downside. everyone you talked to is trying to figure out what that change is going to mean and trying to figure out how to adjust to that because that is the one thing that is certain as there is going to be massive change that comes. that's the stated intent of donald trump. he wants to change things. he wants to shake things up. e

marc benioff from salesforce, a partner of yours. yes.d was talking about the future of the workforce with aging force and the like. but then we started talking about how many new engineers he was thinking he would need to hire. and he said none because i was that powerful in terms of helping his firm really be able to do things that they couldn't do, make them that much more productive. yeah. and i'm curious how you think about that, because we all think about, like, the future of labor. yeah. your whole business is dependent on labor, i imagine. yeah. and how you think about that dynamic? yeah. you know, it's a great question, andrew. >> our business is dependent on labor today. it's dependent on human labor. right. going forward, it's going to depend on both human labor and digital labor. right. so there's always going to be incremental labor that's being added. and someone has to protect all of those employees, whether they're human and digital. they have to onboard them. right. they have to have policies. they have to have controls.

and his stock is up huge on this marc benioff. he is the ceo of salesforce.k about how it's time. it's software as a service is time. hardware is a commodity. how do you like that. what a show. >> really good one jim. we'll see you tonight. mad money. 6 see you tonight. mad money. 6 p.m. eastern time with some [sfx: wind, rain and rolling thunder] with the vision to see what's possible and the grit to make it happen, morgan stanley can help create the future only you can see. [crowd cheers] [music out] customers? try info free. com sales leads. you'll get unlimited sales leads, mailing lists, business profiles, personal search, email marketin, and free crm. i got for new customers the first month. that's incredible. >> i can. >> see all my. >> prospects on my smartphone with one click. i can make my sales calls from anywhere. >> get a free trial. no credit card required. go to info free.com. >> the pop culture. >> collectibles market is valued at over $5 billion, growing 9% annually. meet alliance entertainment, symbol agent on the nasdaq, a profitable global

lisa: marc benioff said this is classic in the industry.s are not the ones who end up being the victors. how much of relearning that some of the biggest gainers on the ai craze are not necessarily the big gainers? is this the cisco moment for the likes of nvidia? matt: the question is did we overbuild? you look back to 2000. did we simply build to much infrastructure like we did back in 2000 and will never use it? i would be surprised. the differences is in 2000 we created the backbone of the internet. the internet was working. with ai we have not really realized what the benefits of ai are. until we see a great need chatbot or new personal assistant and i'm buying a new iphone because it is changing my life with this personal assistant, until then it is hard to say we have invested enough. annmarie: is there a chance it is over invested? matt: there is a chance the next technology takes longer to show up. we get to the end of the year and there isn't a breakthrough on autonomous driving, and personal assistant, so company say is the goal w

last night i had marc benioff talking about the split up with, you know, with david, we're talking aboutwith with openai. >> you mean the microsoft openai. last night. oh, by the way, altman and nadella were just together showed a picture of themselves. i mean, it's it may be overstated. >> benioff was flagging that. it's saying the combination. it's done. what do you mean things are going to they're going very fast. >> here's the picture we're referring to. >> they're going very i mean, this was supposed to be these guys were supposed to not like each other. that was how long ago was that? >> that was yesterday. >> you know, last week benioff in davos said that america is supreme alone at the top. and then you had to kind of take it back and walk that back because of the chinese little walk back. >> benioff did talk to you about this last night. >> take a quick listen. >> the majority of the models are american models. but here we see now the chinese also coming in with not only an aggressive competitive model, but one that's cheaper and lower cost. so it just gives everybody the motiva

and i asked just because, you know, we were talking to marc benioff last week and he was saying thatnew engineers this year, in large part because ai is helping the current engineering class effectively produce all of the code that's needed. and so he doesn't need to add new people, which of course is going to help margin long term. has that happened? when you look at your portfolio yet? >> i think it's very early days. i think we're beginning to see some signs of this. andrew, margins in our portfolio companies have been up nine quarters in a row. we're still growing our hiring, but there's definitely a factor here where these tools are powerful. if you think about summarization or graphic design, translation, sort of mid-level coding capabilities, these tools are starting to work their way into businesses. and so if you want to be excited about the us stock market, if i'm a viewer here, you could say we could see this real productivity boom. we could see margins at companies improve and also customers getting a better experience. so i do think it's a factor. i think it's really goi