AI Deal Making Heats Up, Plus AI Election Impact 6/27/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 27 June 2023
⏱️ 7 minutes
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| 0:00.0 | Amid all these warnings about a big tech pullback, AI |
| 0:05.0 | Deals and acquisitions are heating up. |
| 0:07.7 | That's the focus of today's Tech |
| 0:09.0 | with Dear Durbosa with an amazing live shot in Aspen, Haiti. |
| 0:14.0 | It is. |
| 0:15.0 | And there's no let down here, at least in terms of that conversation. |
| 0:17.6 | One of the themes this year at the Aspen Ideas Festival is Edge of Intelligence. |
| 0:21.7 | So discussions around harnessing generative AI's power as a |
| 0:25.4 | net benefit to societies. Plenty of talk about the downsides and risks as well. |
| 0:29.2 | But this is all taking place against a backdrop of continued dealmaking in the space. |
| 0:34.2 | Yesterday the Databrics 1.3 billion dollar acquisition of Mosaic |
| 0:38.0 | M.L. there's also the Snowflake Invidia Partnership that was announced |
| 0:41.1 | last night and there's Thompson Reuters purchase |
| 0:43.6 | of case text that is a Y-combinator-backed startup that it's CEO the |
| 0:47.5 | Thompson Reuters CEO called another step in our build partner and buy strategy to |
| 0:51.9 | bring generative AI solutions to our customers. |
| 0:55.2 | Now, NVIDIA CEO Jensen Huang, he framed the Snowflake partnership as a shift in |
| 1:00.5 | how companies are starting to think about their own data in the generative |
| 1:04.4 | AIH. He said that in the old days you moved data to the computer but when you have |
| 1:09.1 | giant amounts of data like Snowflake does and it is proprietary that is so valuable to a company |
| 1:15.6 | then you move the compute to the data. Frank Slutman put it this way. |
| 1:20.0 | He said they used to say software is eating the world, well now data is eating software. |
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