A 5% Stake in OpenAI & Walter Isaacson 7/2/26

Squawk Pod

CNBC

Investing, Business, Business News, News

4.2 • 547 Ratings

🗓️ 2 July 2026

⏱️ 31 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

OpenAI is reportedly discussing giving the U.S. government a 5% stake in the company, and Meta may be preparing to sell its AI compute power. Former Meta Chief Technology Officer Mike Schroepfer maps out the future of tech’s infrastructure and consumption. Plus, to celebrate America’s 250th birthday, author Walter Isaacson penned “The Greatest Sentence Ever Written,” a deep dive into the first sentence of the Declaration of Independence. He reflects on the intention and legacy of America’s founders. Happy Fourth of July! Mike Schroepfer - 13:22 Walter Isaacson - 23:27 In this episode: Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:04.2	This is SquawkPod, and I'm CNBC producer Cameron Costa.
0:08.4	On today's episode, we're celebrating July 4th.
0:12.9	At the local level, we should all read the Declaration of Independence, eat a hot dog,
0:17.5	remember how lucky we are.
0:19.3	Walter Isaacson wrote an entire book on the first sentence of the Declaration of Independence.
0:25.9	For him, 250 years later, we should still be working on unity.
0:31.9	And META is considering selling its AI compute power.
0:35.8	Former META Cheat Technology Officer Mike Schroepfer maps out the future of tech, big and small.
0:42.4	I think we're going to see a massive growth in demand, and we're also going to see a massive
0:46.3	growth in efficiency.
0:48.9	Plus an historic, exciting victory for the U.S. men's national team in the World Cup. And some folks are taking
0:56.0	proposals to new heights, like at the top of the Empire State Building. I don't want to encourage
1:02.1	this, but nearly 1,500 feet in the air. It's Thursday, July 2nd, 2026, and SquawkPod begins right now.
1:12.9	Stand Becky by in three, two, one, cue, please.
1:18.0	Good morning, everybody. Welcome to Squackbox right here on CNBC. We are live from the NASDAQ
1:23.6	market site in Times Square. I'm Becky Quick, along with Andrew Ross Sork, and Joe is off today. The U.S. advancing to the round of 16 in the World Cup with a two to zero win against Bosnia, or Zovina, in San Francisco. This was awesome. I stayed up late to watch the whole thing last night. I didn't get to stay up until the entire thing, but I was watching pieces of it as it was happening. It was amazing. So we've got it. And by the way, they did it with the second half with the whole, the last 30 minutes, I should say, with one man down. There were only 10 players on the team. So how they held on to that was really impressive. So here we are. The U.S. taking the lead in the 45th minute, but earning a red card in the 64th.
2:03.2	And with then forced to play, as Bickey just mentioned, a man down more than half an hour.
2:08.0	The U.S. made a two to zero on a free kick on the 82nd minute.
2:14.5	This is just the second time the U.S. has won a knockout round match in World Cup history.
2:19.7	And the Americans are going to face Belgium in the round of 16 on Monday in Seattle. One World
2:24.7	Cup economic note, Goldman Sachs, saying that it estimates the tournament could boost the June
	...

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