AI Avalanche, NYC Congestion Tax & Twitter Unravels 7/10/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 10 July 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Competitive pressure is propelling industries into the future with artificial intelligence. Alan Patricof, Primetime Partners chairperson and co-founder, discusses the state of the A.I. boom and why he thinks it’s a potential accident waiting to happen. Rep. Josh Gottheimer (D-N.J.) discusses New York City’s congestion tax, the financial impact on commuters from New Jersey, and more. User traffic on Twitter has slowed since the launch of Meta’s text-based platform Threads, which has already surpassed 100 million sign-ups since its debut last week. Plus, Janet Yellen’s visit to China and Sen. Schumer’s request for the FDA to look into PRIME, Logan Paul's high-caffeine energy drink. In this episode: Rep Josh Gottheimer, @RepJoshG Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Zach Vallese, @zachvallese

Transcript

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0:00.0	Bring in show music please.
0:03.0	Today on Squawk Pod.
0:07.0	Meta's new Twitter competitor Threads crosses 100 million users with the promise to be a safer platform. Is it enough to keep the
0:14.5	trolls away? You are now tempting the trolls to try and do anything to get you to
0:18.9	respond right now. They know what to say. Tell me I'm wearing a wig or die of
0:21.8	my heart.
0:23.0	New York City's congestion tax, taking a hit at New Jersey commuters.
0:28.0	New Jersey Representative Josh Gotheimer.
0:30.0	They should just fix their own problems, deal with their own issues instead of trying to blame others with this giant cash grab.
0:36.0	The AI Boom. Can all the companies getting in on the new technology survive?
0:41.0	Legendary Investor Alan Patrickoff.
0:44.5	I think there are so many companies being formed so fast.
0:48.4	They all can't make it.
0:49.3	I mean, we're going to have casualties.
0:51.6	I'm CMBC producer Zach Valisee. It's Monday July 10th
0:55.2	Squack Pod begins right now. Stand Becky by in three two one cue please.
1:04.0	Good morning everybody. Welcome to Squackbox here on C.
1:06.0	Live from the NASDAQ market site in Times Square.
1:09.0	I'm Becky Quick, along with Joe Kernan Andrew is off today.
1:12.0	Prisoner Secretary Janet Yellen, wrapping up her four day trip to China, saying she had a constructive
1:16.6	visit and a very substantive series of meetings on the state of the global economy, trade, and national security,
1:23.6	Yellen telling reporters that the meetings marked a step forward in the relations
	...

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