Good Tuesday morning. Welcome to Squawk in the Street. I'm Carl Kintaner with Sarah Eisen, live

a post-night of the New York Stock Exchange. Today, tech and the AI trade, OpenAI files a confidential

S-1. Chips give up some early gains. Jensen Wong declines a Senate testimony on AI. We're joined by one expert who

thinks Nvidia is in trouble with Congress. Plus, the world's biggest sporting event set to kick

off in just two days, but U.S. hotel still waiting to see the tourism boom and high prices are weighing

on sales. We talk about all of it in an exclusive interview with the president of FIFA and the CEO

World Cup sponsor, AB InBev.

Apple's AI upgrade at WWDC, not enough to sway Wall Street on the stock.

On track for its third straight day of loss is one of the worst down names of the moment.

We'll talk about why.

As for the markets, lost some steam mid-session here this morning.

NASDAQ down two-thirds of a percent,

10-year, a little sticky at above four and a half, but it's tech really down almost one and a half

percent that is causing some trouble, along with energy, down 2 percent plus. Let's begin on the

OpenAI story, confidentially filing to go public. Our Kate Rooney has details. Morning,

Kate. Morning. So Openially filing to go public. Our Kate Rooney has details. Morning, Kate.

Morning. So Open AI did take a major step toward a public market debut, filing confidentially with the SEC for the IPO. In a blog post last night, this AI giant saying, we expect it to leak.

So we're just announcing it, but very much leaving the door open to staying private.

They said Open AI has not decided on timing called going public.

A complicated set of tradeoffs, and this paperwork does give Open AI the option to move quickly if it chooses to go in that direction.

For now, I am told by a source the company does also plan to let employees sell shares through a tender

offer. That would be at its current valuation, which is around $850 billion. And then that would also

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