A Hollywood Mogul’s Tech Bets & Interrupting Russia’s War Effort 06/04/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 4 June 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jeffrey Katzenberg led The Walt Disney Studios, he founded DreamWorks, he made Shrek, and now he’s doubling down on tech and cybersecurity investing at WndrCo. Katzenberg and Sujay Jaswa, his co-founder at WndrCo, discuss their $460m raise and their bets on AI’s impact across tech and entertainment. Plus, the Hollywood mogul comments on the potential Paramount-Skydance merger and his faith in Bob Iger. Deputy Treasury Secretary Wally Adeyemo has returned from Ukraine and joins Andrew Ross Sorkin at the CNBC CEO Council Summit in Washington, DC. Deputy Sec. Adeyemo discusses the Russian war machine, inflation pressures for American consumers, and the Biden administration’s message to China. Today’s other headlines include Intel’s newest chip and the latest meme stock mania. Jeffrey Katzenberg & Sujay Jaswa - 16:47 Wally Adeyemo - 31:50 In this episode: Wally Adeyemo, @wallyadeyemo Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	Hollywood Mogul, the man behind Shrek, Jeffrey Katsenberg on the next big thing in entertainment.
0:15.0	I do think that there is a next big opportunity that is going to come
0:21.0	immediate, driven by AI.
0:23.0	But for now, he is focused on tech and security.
0:26.0	After closing $460 million at a fund he founded
0:30.0	with a former CFO of Dropbox, Sujay Joshua. with the of change going forward. And we're at the CNBC CEO Council in Washington with
0:45.1	Deputy Treasury Secretary Wally Adiemo. He is just back state side after a trip to
0:50.4	Ukraine. What he's asking CEOs to do to interrupt Russia at war.
0:55.3	To all the CEOs across our coalition what we need you to do is to pay more attention
1:00.3	to your supply chains and also to the banks that you're working with.
1:03.6	Plus Paramount close to a deal with Sky Dance, another new AI chip this time from Intel,
1:09.7	and memes, always memes.
1:12.2	It's a brave new world.
1:14.0	It's the Wild Wild West in terms of pumping dumps.
1:17.0	It's Tuesday June 4, 2024.
1:20.0	Squack Pod begins right now.
1:22.0	Stand Becky by in three, two, Squack pod begins right now.
1:22.5	Stand Becky by in three, two, one, queue please.
1:27.0	Good morning and welcome to Squackbox right here on
1:30.1	C.
	...

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