AI Arms Race with Google’s former CEO & Warren Buffett’s Stake in Japan 4/11/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 11 April 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Eric Schmidt, Google’s former CEO and chairman, discusses the AI arms race in China and in the U.S., as well as the Future of Life Institute’s viral letter on AI, which calls for a pause on development. With an infusion of $80 billion, the IRS has big plans for taxpayers. CNBC’s Robert Frank reports on which taxpayers are likely to face a crackdown. Plus, Becky Quick is in Tokyo! Warren Buffett’s Berkshire Hathaway has raised its stakes in Japan’s five largest trading houses, and Buffett himself is in Japan, getting ready for a 3-hour interview on Squawk Box to discuss the move. In this episode: Robert Frank, @robtfrank Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC 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,
0:08.0	The AI Revolution with former Google CEO Eric Schmidt.
0:12.0	We're just at the beginning of building general intelligence
0:17.0	and a world where we have these systems that we coexist with
0:21.0	is something we're not prepared for as a society. A windfall for the... exist with
0:23.4	a windfall for the IRS with 80 billion new dollars to spend
0:27.8	CNBC's Robert Frank reports on which taxpayers should prepare for a crackdown.
0:33.4	W-2 income is not the focus here
0:36.0	because there's nothing to see that's not already shown to the IRS.
0:39.5	The gold mine is these partnerships.
0:42.4	Those conversations today,
0:44.0	plus where in the world is Becky Quick.
0:46.0	Hint, she's with the Oracle who's not in Omaha.
0:49.0	This is the first time he's been in Japan
0:52.0	in about 12 years. The last time he came was 2011.
0:56.0	It is Tuesday April 11th. Squawk Pod begins right now.
1:01.0	Stand under by in three two one.
1:04.0	Q and under.
1:05.0	Good morning and welcome to Squack Box right here on see NBC.
1:08.0	We're live at the NASDAQ market site in Times Square.
1:10.0	I'm Andrew Ross Sorkin along with Joe Kernan and Melissa Leib.
	...

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